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(MoneyNewsWire.Net, April 18, 2018 ) According to Publisher’s analyst, the global ready-mix concrete market is anticipated to grow at a steady rate and will post a CAGR of more than 9% during the forecast period. The increasing number of benefits of ready-mix concrete over site mix concrete and the increasing construction activities in India, China, the US, Indonesia, UAE will drive the growth prospects for the global ready-mix concrete market until the end of 2021. Some of the major factors responsible for the increasing preference for ready-mix concrete over site-mix concrete includes the superior and consistent quality of concrete, strict selection of raw materials during production, customizability for specific requirements and quantity, and tested the physical and mechanical strength of concrete. Also, the application of ready-mix concrete results in low wastage ensures streamlined workflow, eliminates the need for storage spaces for ready mix cement and other raw materials at the construction site, reduces the time and workforce required, and reduces noise and dust production.
The process of 3D printing using concrete mix will drive the growth prospects for the global ready-mix concrete market for the next four years. Some of the major advantages of this technology include low labor costs, fast construction, increased complexity or accuracy, less waste production, and greater integration of function.
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Competitive landscape and key vendors
The global ready-mix concrete market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. It has been observed that these vendors are increasingly competing against each other based on factors such as quality and price. Since these vendors operate through strategic partnerships, they have a vast geographical presence with huge production facilities located globally. Also, these vendors are entering mergers and acquisitions and joint ventures as it eases access to growth markets and dilutes the regional business risks.
Key vendors in this market are -
CEMEX
HeidelbergCement
LafargeHolcim
Sika
Vicat
Other prominent vendors in the market include ACC, BURNCO, Buzzi Unicem, Barney & Dickenson, China ACM, China Resources Cement Holdings, Colas, CRH, Dillon Brothers Ready Mix Concrete, EUROCEMENT, Livingston’s Concrete, Martin Marietta Materials, Neptune Readymix Concrete, PT. SCG Readymix Indonesia, RDC Concrete, RMC Readymix, R.W. Sidley, U.S. Concrete, UltraTech Cement, Vulcan Materials Company, and Votorantim Cimentos.
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