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Asia Pacific Ready Mix Concrete Market Forecast to 2028 - COVID-19 Impact and Regional Analysis

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    Report

  • 125 Pages
  • January 2023
  • Region: Asia Pacific
  • The Insight Partners
  • ID: 5732027
UP TO OFF until Mar 31st 2024
The Asia Pacific ready mix concrete market is expected to grow from US$ 4,53,542.89 million in 2022 to US$ 6,25,199.64 million by 2028; it is estimated to grow at a CAGR of 5.5% from 2022 to 2028.

Usage of Ready Mix Concrete in 3D Printing Process

The use of 3D printing in construction projects has tremendous action on a region scale. This new construction method has the potential to deliver significant savings due to efficient use of materials and less need for labor, combating an increasing shortage of skilled laborers. All projects to date have been virtually printed with 3DCP bagged/ready-to-mix dry mix mortars characterized by high cement content rather than conventional concrete. Various suppliers have emerged on a region scale to assist the adoption of 3D printing by providing convenient ready-to-mix dry mix mortar solutions that are relatively easy to apply in various 3D printers and demonstration projects. For instance, in 2021CEMEX and COBOD International developed 3D printing solution utilizing conventional ready-mix concrete. The solution only requires central sourcing of less than 1% of the concrete mix. In comparison, more than 99% of the concrete can be based on locally available raw materials, including cement, leading to significant cost savings compared to 3D printing mortars. The first 3D building used 12 m3 of concrete for US$ 80.6/m3 for walls; therefore, the total cost for the concrete materials for the 53 m2 house was less than US$ 1.01. Considering the expense of ready-to-mix dry mix mortars, which is 5-10 times the cost of standard ready mix concrete, the building materials manufacturers COBOD International and CEMEX developed a comparatively less expensive alternative D.fab, which dropped the cost by 90%.

Asia Pacific Ready Mix Concrete Market Overview

The Asia Pacific comprises several developing and developed economies such as China, India, Japan, South Korea, Australia, and others. Countries like Australia, Japan, India, China, South Korea, Singapore, Taiwan, and Indonesia have large industries in diverse sectors such as industrial, residential, and commercial. This region has been noticed as one of the prominent markets for the utilization of ready mix concrete owing to the surge in construction activities. Moreover, government initiatives and policies such as Make-in-India encourage the setup of different manufacturing plants in India. Rising foreign direct investments also lead to economic growth in the region.

Asia Pacific Ready Mix Concrete Market Segmentation

The Asia Pacific ready mix concrete market is segmented on the basis of end use and country. Based on end use, the Asia Pacific ready mix concrete market is segmented into residential, commercial, and others. The residential segment held the largest market share in 2022.
  • Based on country, the Asia Pacific ready mix concrete market is segmented into Australia, Japan, India, South Korea, Indonesia, Taiwan, Malaysia, Vietnam, China, and the Rest of Asia Pacific. China dominated the market share in 2022.

ACC Limited; Vicat SA; LafargeHolcim; CEMEX S.A.B. DE C.V.; HeidelbergCement AG; ULTRATECH CEMENT LTD.; and CROWN CEMENT PLC. are the leading companies operating in the Asia Pacific ready mix concrete market.
Frequently Asked Questions about the Asian Pacific Ready Mix Concrete Market

What is the estimated value of the Asian Pacific Ready Mix Concrete Market?

The Asian Pacific Ready Mix Concrete Market was estimated to be valued at $453542.89 Million in 2022.

What is the growth rate of the Asian Pacific Ready Mix Concrete Market?

The growth rate of the Asian Pacific Ready Mix Concrete Market is 5.5%, with an estimated value of $625199.64 Million by 2028.

What is the forecasted size of the Asian Pacific Ready Mix Concrete Market?

The Asian Pacific Ready Mix Concrete Market is estimated to be worth $625199.64 Million by 2028.

Who are the key companies in the Asian Pacific Ready Mix Concrete Market?

Key companies in the Asian Pacific Ready Mix Concrete Market include ACC Limited, Vicat SA, LafargeHolcim, CEMEX S.A.B. DE C.V., HeidelbergCement AG, ULTRATECH CEMENT LTD. and CROWN CEMENT PLC..

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data

4. APAC Ready Mix Concrete Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion

5. APAC Ready Mix Concrete Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Upsurge in Commercial and Residential Construction Projects
5.1.2 High Government Spending on Structure Projects
5.2 Market Restraints
5.2.1 Pollution Caused by Commercial Ready Mix Concrete Production Plants in Metro Cities
5.3 Market Opportunities
5.3.1 Expansion of Sustainable Low Carbon Range Ready Mix Concrete
5.4 Market Trends
5.4.1 Usage of Ready Mix Concrete in 3D Printing Process
5.5 Impact Analysis of Drivers and Restraint

6. Ready Mix Concrete - APAC Market Analysis
6.1 APAC Ready Mix Concrete Market -Volume and Forecast to 2028 (Million Cubic Meter)
6.2 APAC Ready Mix Concrete Market -Revenue and Forecast to 2028 (US$ Million)

7. APAC Ready Mix Concrete Market Analysis - By End Use
7.1 Overview
7.2 Ready Mix Concrete Market, By End Use (2021 and 2028)
7.3 Residential
7.3.1 Overview
7.3.2 Residential: Ready Mix Concrete Market - Volume and Forecast to 2028 (Million Cubic Meter)
7.3.3 Residential: Ready Mix Concrete Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Commercial
7.4.1 Overview
7.4.2 Commercial: Ready Mix Concrete Market - Volume and Forecast to 2028 (Million Cubic Meter)
7.4.3 Commercial: Ready Mix Concrete Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Ready Mix Concrete Market - Volume and Forecast to 2028 (Million Cubic Meter)
7.5.3 Others: Ready Mix Concrete Market - Revenue and Forecast to 2028 (US$ Million)

8. APAC Ready Mix Concrete Market - by Country Analysis
8.1 Asia Pacific: Ready Mix Concrete Market
8.1.1 Asia Pacific: Ready Mix Concrete Market, by Key Country
8.1.1.1 Australia: Ready Mix Concrete Market -Volume and Forecast to 2028
8.1.1.2 Australia: Ready Mix Concrete Market -Revenue and Forecast to 2028
8.1.1.2.1 Australia: Ready Mix Concrete Market, by End-Use
8.1.1.3 Japan: Ready Mix Concrete Market -Volume and Forecast to 2028
8.1.1.4 Japan: Ready Mix Concrete Market -Revenue and Forecast to 2028
8.1.1.4.1 Japan: Ready Mix Concrete Market, by End-Use
8.1.1.5 South Korea: Ready Mix Concrete Market -Volume and Forecast to 2028
8.1.1.6 South Korea: Ready Mix Concrete Market -Revenue and Forecast to 2028
8.1.1.6.1 South Korea: Ready Mix Concrete Market, by End-Use
8.1.1.7 Indonesia: Ready Mix Concrete Market -Volume and Forecast to 2028
8.1.1.8 Indonesia: Ready Mix Concrete Market -Revenue and Forecast to 2028
8.1.1.8.1 Indonesia: Ready Mix Concrete Market, by End-Use
8.1.1.9 Taiwan: Ready Mix Concrete Market -Volume and Forecast to 2028
8.1.1.10 Taiwan: Ready Mix Concrete Market -Revenue and Forecast to 2028
8.1.1.10.1 Taiwan: Ready Mix Concrete Market, by End-Use
8.1.1.11 India: Ready Mix Concrete Market -Volume and Forecast to 2028
8.1.1.12 India: Ready Mix Concrete Market -Revenue and Forecast to 2028
8.1.1.12.1 India: Ready Mix Concrete Market, by End-Use
8.1.1.13 Malaysia: Ready Mix Concrete Market -Volume and Forecast to 2028
8.1.1.14 Malaysia: Ready Mix Concrete Market -Revenue and Volume and Forecast to 2028
8.1.1.14.1 Malaysia: Ready Mix Concrete Market, by End-Use
8.1.1.15 Vietnam: Ready Mix Concrete Market -Volume and Forecast to 2028
8.1.1.16 Vietnam: Ready Mix Concrete Market -Revenue and Forecast to 2028
8.1.1.16.1 Vietnam: Ready Mix Concrete Market, by End-Use
8.1.1.17 China: Ready Mix Concrete Market -Volume and Forecast to 2028
8.1.1.18 China: Ready Mix Concrete Market -Revenue and Forecast to 2028
8.1.1.18.1 China: Ready Mix Concrete Market, by End-Use
8.1.1.19 Rest of Asia Pacific: Ready Mix Concrete Market -Volume and Forecast to 2028
8.1.1.20 Rest of Asia Pacific: Ready Mix Concrete Market -Revenue and Forecast to 2028
8.1.1.20.1 Rest of Asia Pacific: Ready Mix Concrete Market, by End-Use

9. Industry Landscape
9.1 Overview
9.2 Market Initiative
9.3 New Product Development

10. Company Profiles
10.1 ACC Limited
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 Vicat SA
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 LafargeHolcim
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 CEMEX S.A.B. DE C.V.
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 HEIDELBERGCEMENT AG
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
10.6 ULTRATECH CEMENT LTD.
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Products and Services
10.6.4 Financial Overview
10.6.5 SWOT Analysis
10.6.6 Key Developments
10.7 CROWN CEMENT PLC.
10.7.1 Key Facts
10.7.2 Business Description
10.7.3 Products and Services
10.7.4 Financial Overview
10.7.5 SWOT Analysis
10.7.6 Key Developments

11. Appendix
11.1 About the Publisher
11.2 Glossary of Terms
Table 1. APAC Ready Mix Concrete Market -Volume and Forecast to 2028 (Million Cubic Meter)
Table 2. APAC Ready Mix Concrete Market -Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia Ready Mix Concrete Market, by End Use - Volume and Forecast to 2028 (Million Cubic Meter)
Table 4. Australia Ready Mix Concrete Market, by End Use - Revenue and Forecast to 2028 (US$ Million)
Table 5. Japan Ready Mix Concrete Market, by End Use - Volume and Forecast to 2028 (Million Cubic Meter)
Table 6. Japan Ready Mix Concrete Market, by End Use - Revenue and Forecast to 2028 (US$ Million)
Table 7. South Korea Ready Mix Concrete Market, by End Use - Volume and Forecast to 2028 (Million Cubic Meter)
Table 8. South Korea Ready Mix Concrete Market, by End Use - Revenue and Forecast to 2028 (US$ Million)
Table 9. Indonesia Ready Mix Concrete Market, by End Use - Volume and Forecast to 2028 (Million Cubic Meter)
Table 10. Indonesia Ready Mix Concrete Market, by End Use - Revenue and Forecast to 2028 (US$ Million)
Table 11. Taiwan Ready Mix Concrete Market, by End Use - Volume and Forecast to 2028 (Million Cubic Meter)
Table 12. Taiwan Ready Mix Concrete Market, by End Use - Revenue and Forecast to 2028 (US$ Million)
Table 13. India Ready Mix Concrete Market, by End Use - Volume and Forecast to 2028 (Million Cubic Meter)
Table 14. India Ready Mix Concrete Market, by End Use - Revenue and Forecast to 2028 (US$ Million)
Table 15. Malaysia Ready Mix Concrete Market, by End Use - Volume and Forecast to 2028 (Million Cubic Meter)
Table 16. Malaysia Ready Mix Concrete Market, by End Use - Revenue and Forecast to 2028 (US$ Million)
Table 17. Vietnam Ready Mix Concrete Market, by End Use - Volume and Forecast to 2028 (Million Cubic Meter)
Table 18. Vietnam Ready Mix Concrete Market, by End Use - Revenue and Forecast to 2028 (US$ Million)
Table 19. China Ready Mix Concrete Market, by End Use - Volume and Forecast to 2028 (Million Cubic Meter)
Table 20. China Ready Mix Concrete Market, by End Use - Revenue and Forecast to 2028 (US$ Million)
Table 21. Rest of APAC Ready Mix Concrete Market, by End Use - Volume and Forecast to 2028 (Million Cubic Meter)
Table 22. Rest of APAC Ready Mix Concrete Market, by End Use - Revenue and Forecast to 2028 (US$ Million)
Table 23. Glossary of Terms

Figure 1. APAC Ready Mix Concrete Market Segmentation
Figure 2. APAC Ready Mix Concrete Market Segmentation - By Country
Figure 3. APAC Ready Mix Concrete Market Overview
Figure 4. APAC Ready Mix Concrete Market, By End Use
Figure 5. APAC Ready Mix Concrete Market, By Country
Figure 6. APAC Porter's Five Forces Analysis
Figure 7. APAC Ready Mix Concrete Market - Ecosystem
Figure 8. APAC Expert Opinion
Figure 9. APAC Ready Mix Concrete Market Impact Analysis of Drivers and Restraints
Figure 10. APAC Ready Mix Concrete Market - Volume and Forecast to 2028 (Million Cubic Meter)
Figure 11. APAC Ready Mix Concrete Market - Revenue and Forecast to 2028 (US$ Million)
Figure 12. APAC Ready Mix Concrete Market Revenue Share, By End Use (2021 and 2028)
Figure 13. Residential: APAC Ready Mix Concrete Market - Volume and Forecast To 2028 (Million Cubic Meter)
Figure 14. Residential: APAC Ready Mix Concrete Market - Revenue and Forecast To 2028 (US$ Million)
Figure 15. Commercial: APAC Ready Mix Concrete Market - Volume and Forecast To 2028 (Million Cubic Meter)
Figure 16. Commercial: APAC Ready Mix Concrete Market - Revenue and Forecast To 2028 (US$ Million)
Figure 17. Others: APAC Ready Mix Concrete Market - Volume and Forecast To 2028 (Million Cubic Meter)
Figure 18. Others: APAC Ready Mix Concrete Market - Revenue and Forecast To 2028 (US$ Million)
Figure 19. Asia Pacific: Ready Mix Concrete Market, by Key Country - Revenue (2021) (US$ Million)
Figure 20. Asia Pacific: Ready Mix Concrete Market Revenue Share, by Key Country (2021 and 2028)
Figure 21. Australia: Ready Mix Concrete Market -Volume and Forecast to 2028 (Million Cubic Meter)
Figure 22. Australia: Ready Mix Concrete Market -Revenue and Forecast to 2028 (US$ Million)
Figure 23. Japan: Ready Mix Concrete Market -Volume and Forecast to 2028 (Million Cubic Meter)
Figure 24. Japan: Ready Mix Concrete Market -Revenue and Forecast to 2028 (US$ Million)
Figure 25. South Korea: Ready Mix Concrete Market -Volume and Forecast to 2028 (Million Cubic Meter)
Figure 26. South Korea: Ready Mix Concrete Market -Revenue and Forecast to 2028 (US$ Million)
Figure 27. Indonesia: Ready Mix Concrete Market -Volume and Forecast to 2028 (Million Cubic Meter)
Figure 28. Indonesia: Ready Mix Concrete Market -Revenue and Forecast to 2028 (US$ Million)
Figure 29. Taiwan: Ready Mix Concrete Market -Volume and Forecast to 2028 (Million Cubic Meter)
Figure 30. Taiwan: Ready Mix Concrete Market -Revenue and Forecast to 2028 (US$ Million)
Figure 31. India: Ready Mix Concrete Market -Volume and Forecast to 2028 (Million Cubic Meter)
Figure 32. India: Ready Mix Concrete Market -Revenue and Forecast to 2028 (US$ Million)
Figure 33. Malaysia: Ready Mix Concrete Market -Volume and Forecast to 2028 (Million Cubic Meter)
Figure 34. Malaysia: Ready Mix Concrete Market -Revenue and Forecast to 2028 (US$ Million)
Figure 35. Vietnam: Ready Mix Concrete Market -Volume and Forecast to 2028 (Million Cubic Meter)
Figure 36. Vietnam: Ready Mix Concrete Market -Revenue and Forecast to 2028 (US$ Million)
Figure 37. China: Ready Mix Concrete Market -Volume and Forecast to 2028 (Million Cubic Meter)
Figure 38. China: Ready Mix Concrete Market -Revenue and Forecast to 2028 (US$ Million)
Figure 39. Rest of Asia Pacific: Ready Mix Concrete Market -Volume and Forecast to 2028 (Million Cubic Meter)
Figure 40. Rest of Asia Pacific: Ready Mix Concrete Market -Revenue and Forecast to 2028 (US$ Million)

Companies Mentioned

A selection of companies mentioned in this report includes:

  • ACC Limited
  • Vicat SA
  • LafargeHolcim
  • CEMEX S.A.B. DE C.V.
  • HeidelbergCement AG
  • ULTRATECH CEMENT LTD.
  • CROWN CEMENT PLC.