The global size was estimated at USD 656.1 billion in 2019 and is expected to witness a revenue-based CAGR of 7.9% from 2020 to 2027. Increasing demand for speedy construction activities for residential, commercial, industrial, and infrastructure segments is expected to drive the market for ready-mix concrete (RMC). The product is widely being used as a substitute for traditional concrete on account of greater convenience, ease of use, and enhanced quality. Moreover, low inventory cost, wastage reduction and efficient utilization are likely to lower the overall project cost. Thus, is likely to impact the demand on a positive note.
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