Recent Updates
  • Wood Plastic Composite Market Size, Trends, Analysis, Revenue, Business Prospects, Outlook and Global Forecast 2027
    The global Wood Plastic Composite market is likely to gain impetus from their increasing application in kitchen accessories, home furniture, vehicle interiors, and car speakers. They are considered to be the highest growing plastic additives at present. This information is given by Fortune Business Insights™ in a recently published report, titled, “Wood Plastic Composite Market Size, Share & Industry Analysis, By Material (Polyethylene, Polypropylene, Polyvinyl Chloride and Others), By Application (Decking, Automotive, Sliding & fencing, Technical Application, Furniture, Consumer Goods and Others), and Regional Forecast, 2020-2027.” The report further mentions that the Wood Plastic Composite market size was USD 4.77 billion in 2019 and is projected to reach USD 9.03 billion by 2027, exhibiting a CAGR of 8.57% during the forecast period.

    Drivers & Restraints-

    Increasing Usage of Sustainable Fibers to Boost Growth

    Wood Plastic Composite are green materials that have high potential in bringing about sustainability. They don’t contain excessive chemicals that may pose toxic for the environment and are durable in nature. Plant-based fibers are mainly used in reinforced plastics, instead of fibrous materials as they are cost effective, robust, highly stiff, and annually renewable. Such fibers also emit less carbon dioxide, have low density, and possess biodegradability properties. Numerous automakers worldwide are aiming to develop biodegradable or recyclable parts of vehicles by using sustainable Wood Plastic Composite. They would aid in lowering fuel consumption and production cost, offering shatterproof performance under harsh weather conditions, enhance passenger safety, lower weight of the material, and improve acoustic performance. However, Wood Plastic Composite require higher initial cost spending. It may obstruct growth.

    Segment-

    Decking Segment to Grow Rapidly Owing to High Demand from Construction Sector

    Based on application, the decking segment held 55.55% Wood Plastic Composite market share in 2019. This growth is attributable to their increasing demand from the construction industry. The process of decking requires the usage of such composites as they possess several benefits that help in refining the quality of the material of concrete. They are also used to improve strength and durability.

    Regional Analysis-

    Rapid Industrialization in China & India to Favor Growth in Asia Pacific

    In terms of region, North America procured USD 2.24 billion revenue in 2019 stocked by the rising demand for environmentally-friendly solutions and products in this region. In addition to this, the rising application of Wood Plastic Composite in decking would drive growth. In Asia Pacific, developing countries, such as China and India are experiencing rapid industrialization. Coupled with this, the improvements and modernizations in buildings and road construction activities would accelerate growth in this region. The Middle East and Africa and Latin America are set to exhibit steady growth fueled by the surging number of construction activities in both regions.

    Information Source: -

    https://www.fortunebusinessinsights.com/wood-plastic-composite-market-102821
    Wood Plastic Composite Market Size, Trends, Analysis, Revenue, Business Prospects, Outlook and Global Forecast 2027 The global Wood Plastic Composite market is likely to gain impetus from their increasing application in kitchen accessories, home furniture, vehicle interiors, and car speakers. They are considered to be the highest growing plastic additives at present. This information is given by Fortune Business Insights™ in a recently published report, titled, “Wood Plastic Composite Market Size, Share & Industry Analysis, By Material (Polyethylene, Polypropylene, Polyvinyl Chloride and Others), By Application (Decking, Automotive, Sliding & fencing, Technical Application, Furniture, Consumer Goods and Others), and Regional Forecast, 2020-2027.” The report further mentions that the Wood Plastic Composite market size was USD 4.77 billion in 2019 and is projected to reach USD 9.03 billion by 2027, exhibiting a CAGR of 8.57% during the forecast period. Drivers & Restraints- Increasing Usage of Sustainable Fibers to Boost Growth Wood Plastic Composite are green materials that have high potential in bringing about sustainability. They don’t contain excessive chemicals that may pose toxic for the environment and are durable in nature. Plant-based fibers are mainly used in reinforced plastics, instead of fibrous materials as they are cost effective, robust, highly stiff, and annually renewable. Such fibers also emit less carbon dioxide, have low density, and possess biodegradability properties. Numerous automakers worldwide are aiming to develop biodegradable or recyclable parts of vehicles by using sustainable Wood Plastic Composite. They would aid in lowering fuel consumption and production cost, offering shatterproof performance under harsh weather conditions, enhance passenger safety, lower weight of the material, and improve acoustic performance. However, Wood Plastic Composite require higher initial cost spending. It may obstruct growth. Segment- Decking Segment to Grow Rapidly Owing to High Demand from Construction Sector Based on application, the decking segment held 55.55% Wood Plastic Composite market share in 2019. This growth is attributable to their increasing demand from the construction industry. The process of decking requires the usage of such composites as they possess several benefits that help in refining the quality of the material of concrete. They are also used to improve strength and durability. Regional Analysis- Rapid Industrialization in China & India to Favor Growth in Asia Pacific In terms of region, North America procured USD 2.24 billion revenue in 2019 stocked by the rising demand for environmentally-friendly solutions and products in this region. In addition to this, the rising application of Wood Plastic Composite in decking would drive growth. In Asia Pacific, developing countries, such as China and India are experiencing rapid industrialization. Coupled with this, the improvements and modernizations in buildings and road construction activities would accelerate growth in this region. The Middle East and Africa and Latin America are set to exhibit steady growth fueled by the surging number of construction activities in both regions. Information Source: - https://www.fortunebusinessinsights.com/wood-plastic-composite-market-102821
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    Wood Plastic Composite Market Size, Share | Report, 2020-2027
    The global wood plastic composite market size was $4.77 Bn in 2019 & is projected to reach $9.03 Bn by 2027 at a CAGR of 8.57% during the forecast period.
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  • Plastic Compounding Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2021-2026
    The global plastic compounding market size is set to gain traction from their increasing usage in the automotive and packaging industry. Besides, construction activities in emerging economies are increasing at a fast pace. In addition to that, ongoing technological advancements in the electrical and automotive industries would affect the market positively in the coming years. The demand for these products is also growing from the food and beverage industry as they help in reducing quality degradation and contamination.

    As per the report, the plastic compounding market size stood at USD 52.74 billion in 2018. It is set to reach USD 87.11 billion by 2026, thereby exhibiting a CAGR of 6.5% during the forecast period.

    Automotive & Transportation Segment to Hold the Highest Share Backed by Extensive Usage of Compounded Plastics

    In terms of application, the market is grouped into consumer goods/lifestyle, infrastructure & construction, industrial machinery, packaging, automotive & transportation, electrical & electronics, and others. Amongst these, the automotive and transportation segment is set to hold the largest plastic compounding market share during the forecast period. This growth is attributable to the increasing usage of compounded plastics in this industry. They lower the overall weight of the vehicle, which further increases the life and efficiency of the vehicle components. The infrastructure and construction segment held 14.6% share in 2018.

    Drivers & Restraints-

    Increasing Number of Commercial & Residential Projects to Augment Growth

    Nowadays, plastics are being used extensively in the insulation of infrastructures and buildings. Several products required for construction are made mainly by utilizing plastics. These include pipes, cables, doors, safety windows, and flooring. Compounded plastics possess numerous features that are similar to steel. They are resistant to harsh environmental conditions and rust, have robust strength, and are smooth in texture.

    In today’s world, the population is growing at a rapid rate across the globe. It is, in turn, upsurging the number of residential and commercial projects. Coupled with this, the rising awareness programs about state-of-the-art interiors are growing amongst the consumers. These factors are set to augment the plastic compounding market growth during the forthcoming years. However, the prices of raw materials required to produce compounded plastics keep on fluctuating. It may obstruct the market growth.


    Browse Detailed Research Insights with Impact of COVID-19 Analysis:

    https://www.fortunebusinessinsights.com/plastic-compounding-market-102550

    Plastic Compounding Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2021-2026 The global plastic compounding market size is set to gain traction from their increasing usage in the automotive and packaging industry. Besides, construction activities in emerging economies are increasing at a fast pace. In addition to that, ongoing technological advancements in the electrical and automotive industries would affect the market positively in the coming years. The demand for these products is also growing from the food and beverage industry as they help in reducing quality degradation and contamination. As per the report, the plastic compounding market size stood at USD 52.74 billion in 2018. It is set to reach USD 87.11 billion by 2026, thereby exhibiting a CAGR of 6.5% during the forecast period. Automotive & Transportation Segment to Hold the Highest Share Backed by Extensive Usage of Compounded Plastics In terms of application, the market is grouped into consumer goods/lifestyle, infrastructure & construction, industrial machinery, packaging, automotive & transportation, electrical & electronics, and others. Amongst these, the automotive and transportation segment is set to hold the largest plastic compounding market share during the forecast period. This growth is attributable to the increasing usage of compounded plastics in this industry. They lower the overall weight of the vehicle, which further increases the life and efficiency of the vehicle components. The infrastructure and construction segment held 14.6% share in 2018. Drivers & Restraints- Increasing Number of Commercial & Residential Projects to Augment Growth Nowadays, plastics are being used extensively in the insulation of infrastructures and buildings. Several products required for construction are made mainly by utilizing plastics. These include pipes, cables, doors, safety windows, and flooring. Compounded plastics possess numerous features that are similar to steel. They are resistant to harsh environmental conditions and rust, have robust strength, and are smooth in texture. In today’s world, the population is growing at a rapid rate across the globe. It is, in turn, upsurging the number of residential and commercial projects. Coupled with this, the rising awareness programs about state-of-the-art interiors are growing amongst the consumers. These factors are set to augment the plastic compounding market growth during the forthcoming years. However, the prices of raw materials required to produce compounded plastics keep on fluctuating. It may obstruct the market growth. Browse Detailed Research Insights with Impact of COVID-19 Analysis: https://www.fortunebusinessinsights.com/plastic-compounding-market-102550
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    Plastic Compounding Market Size, Share, Growth | Global Report, 2026
    The global plastic compounding market size was USD 52.74 billion in 2018 is projected to reach USD 87.11 billion by 2026, exhibiting a CAGR of 6.5% during the forecast period from 2019 – 2026.
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  • Nanocomposites Market Analysis, Segmentation, Growth, Trends, Gross Margin, Demands, Emerging Technology by Regional Forecast 2027
    The global nanocomposites size is projected to reach USD 14.34 billion by the end of 2027. The increasing applications of the product across diverse industry verticals will emerge in favor of market growth. The presence of several large-scale companies will contribute to the growth of the market in the coming years. According to a report published by Fortune Business Insights, titled “Nanocomposites Market Size, Share & COVID-19 Impact Analysis, By Type (Polymer, Metal, Ceramic, Others), By Product (Carbon Nanotubes, Nanoclay, Graphene, Nanofiber, Others), By Application (Packaging, Electrical & Electronics, Automotive, Aerospace & Defense, Others), and Regional Forecast, 2020-2027” the market was worth USD 4.32 billion in 2019 and will exhibit a CAGR of 16.3% during the forecast period, 2020-2027.

    Increasing Number of Company Collaborations will Emerge in Favor of Market Growth

    The report encompasses several factors that have contributed to the growth of the overall market in recent years. Accounting for the increasing demand for the product, there is a healthy market competition across the world. The strong market competition has encouraged companies to adopt newer strategies that have helped them establish a stronghold in the market. In July 2020, PPK announced that it has partnered with Geelong’s Deakin University for the development of a new product integrated with nanocomposites. The companies will develop boron nitride nanotubes (BNNT) for new dental nanocomposites. An increasing number of such company collaborations will have a huge impact on the growth of the overall market in the forthcoming years.

    Asia Pacific to Emerge Dominant; Presence of Several Large Scale Companies will Emerge in Favor of Market Growth

    The report analyzes the ongoing market trends across North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America. Among all regions, the market in Asia Pacific is projected to emerge dominant in the coming years. The increasing use of nanocomposites by large-scale companies in the Asia Pacific will fuel the demand for the product across the world. The increasing investments in the research and development of efficient products will also emerge in favor of market growth. Additionally, the increasing use of nanocomposites in the electronic industry will have a huge impact on the growth of the regional market. As of 2019, the market in Asia Pacific was worth USD 1.65 billion and this value is projected to rise at a considerable pace in the coming years.

    Industry Developments:

    July 2019: Researchers from the University of California, Santa Barbara, and the University of Hawaii have synthesized nanoparticles that can be used for 3D printing.

    Browse Summary:

    https://www.fortunebusinessinsights.com/nanocomposites-market-104041



    Nanocomposites Market Analysis, Segmentation, Growth, Trends, Gross Margin, Demands, Emerging Technology by Regional Forecast 2027 The global nanocomposites size is projected to reach USD 14.34 billion by the end of 2027. The increasing applications of the product across diverse industry verticals will emerge in favor of market growth. The presence of several large-scale companies will contribute to the growth of the market in the coming years. According to a report published by Fortune Business Insights, titled “Nanocomposites Market Size, Share & COVID-19 Impact Analysis, By Type (Polymer, Metal, Ceramic, Others), By Product (Carbon Nanotubes, Nanoclay, Graphene, Nanofiber, Others), By Application (Packaging, Electrical & Electronics, Automotive, Aerospace & Defense, Others), and Regional Forecast, 2020-2027” the market was worth USD 4.32 billion in 2019 and will exhibit a CAGR of 16.3% during the forecast period, 2020-2027. Increasing Number of Company Collaborations will Emerge in Favor of Market Growth The report encompasses several factors that have contributed to the growth of the overall market in recent years. Accounting for the increasing demand for the product, there is a healthy market competition across the world. The strong market competition has encouraged companies to adopt newer strategies that have helped them establish a stronghold in the market. In July 2020, PPK announced that it has partnered with Geelong’s Deakin University for the development of a new product integrated with nanocomposites. The companies will develop boron nitride nanotubes (BNNT) for new dental nanocomposites. An increasing number of such company collaborations will have a huge impact on the growth of the overall market in the forthcoming years. Asia Pacific to Emerge Dominant; Presence of Several Large Scale Companies will Emerge in Favor of Market Growth The report analyzes the ongoing market trends across North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America. Among all regions, the market in Asia Pacific is projected to emerge dominant in the coming years. The increasing use of nanocomposites by large-scale companies in the Asia Pacific will fuel the demand for the product across the world. The increasing investments in the research and development of efficient products will also emerge in favor of market growth. Additionally, the increasing use of nanocomposites in the electronic industry will have a huge impact on the growth of the regional market. As of 2019, the market in Asia Pacific was worth USD 1.65 billion and this value is projected to rise at a considerable pace in the coming years. Industry Developments: July 2019: Researchers from the University of California, Santa Barbara, and the University of Hawaii have synthesized nanoparticles that can be used for 3D printing. Browse Summary: https://www.fortunebusinessinsights.com/nanocomposites-market-104041
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    Nanocomposites Market Size & Share | Global Industry Report, 2027
    The global nanocomposites market size was USD 4.32 Bn in 2019 and is projected to reach USD 14.34 Bn by 2027, exhibiting a CAGR of 16.3% during the forecast period.
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  • Bio-based Chemicals Market 2021 (Covid 19 Impact) | Opportunity, Growth Factors and on ongoing Trends till 2028
    The global Bio-based chemicals indusrtry size amounted to USD 73.16 billion in 2020. The market is predicted to grow from USD 77.10 billion in 2021 to USD 144.63 billion in 2028 at a CAGR of 9.4% during the forecast period. The increasing consumption of Bio-based solutions to ensure environmental sustainability will propel the market forward during the projected timeframe, states Fortune Business Insights in its report titled “Bio-based Chemicals Market, 2021-2028."

    Bio-based chemicals are derived from Bio-based sources such as sugar, corn, biodegradable waste, cellulosic feedstock, or biomass. The demand for these chemicals is rising across several industries including food & beverage, pharmaceutical, automotive, textiles, and others. This rise in demand is due to depleting petroleum resources and growing unavailability of conventional fossil fuel based products. The growing need for sustainable solutions across industries will foster the market growth in the forthcoming years.

    COVID-19 Impact:

    Supply Chain Hurdles amid Pandemic to Affect Market Dynamics

    The sudden outbreak and rapid spread of the COVID-19 pandemic led to various disruptions, including supply chain problems. Strict containment measures introduced by the respective governments constrained the movement of raw materials and affected industrial operations. Nationwide lockdown restrictions led to the stockpiling of long-lasting foods and basic staples such as wheat, rice, sugar, and other products. The rising agricultural consumption resulted in the shortage of raw materials required for chemicals production. These factors caused a slowdown in Bio-based chemicals market growth during the pandemic period.

    Market Segments:

    Based on product category, the market is segmented into adhesives, platform chemicals, paints, coatings, inks & dyes, polymers for plastics, surfactants, adhesives, cosmetics & personal care products, man made fibers, and others.

    In terms of application, the market is divided into agricultural, industrial, pharmaceutical, and others.

    Geographically, the market broken down into North America, Asia Pacific, Europe, and the Rest of the World.

    Drivers & Restraints:

    Depleting Fossil Fuel Resources to Provide Momentum to Market

    Bio-based chemicals market growth is driven by the depletion of fossil fuel resources and rising greenhouse gas emissions. These factors have led to increased adoption of biomaterials. Ongoing initiatives to limit harmful emissions is supporting the adoption of Bio-based products across industries. The growing concept of green chemistry will further boost this adoption rate. Supportive government initiatives to limit the usage of harmful chemicals will work in favor of the market growth.

    However, the market development could be hampered by the high cost of the product.

    Regional Insights:

    Europe registered revenue gains worth USD 35.59 billion in 2020 and will dominate the Bio-based chemicals market share over the assessment period. Leading position of the region can be contributed to the growing initiatives by the European Union to promote green and circular economy. Active steps to increase reliance on biomaterials will strengthen the regional outlook.

    The market in Asia Pacific will witness robust growth led by the widespread shift towards Bio-based solutions and tightening environmental regulations. Meanwhile, North America will experience substantial growth led by growing R&D in the field of biomaterials.

    Notable Industry Development:

    December 2020: DuPont Nutrition & Biosciences and Kemira formed a strategic alliance for the formulation and commercialziation of the enzymatic polymerization-based polysaccharide platform technology by DuPont for various applications.

    Browse Summary:

    https://www.fortunebusinessinsights.com/bio-based-chemicals-market-106586

    Bio-based Chemicals Market 2021 (Covid 19 Impact) | Opportunity, Growth Factors and on ongoing Trends till 2028 The global Bio-based chemicals indusrtry size amounted to USD 73.16 billion in 2020. The market is predicted to grow from USD 77.10 billion in 2021 to USD 144.63 billion in 2028 at a CAGR of 9.4% during the forecast period. The increasing consumption of Bio-based solutions to ensure environmental sustainability will propel the market forward during the projected timeframe, states Fortune Business Insights in its report titled “Bio-based Chemicals Market, 2021-2028." Bio-based chemicals are derived from Bio-based sources such as sugar, corn, biodegradable waste, cellulosic feedstock, or biomass. The demand for these chemicals is rising across several industries including food & beverage, pharmaceutical, automotive, textiles, and others. This rise in demand is due to depleting petroleum resources and growing unavailability of conventional fossil fuel based products. The growing need for sustainable solutions across industries will foster the market growth in the forthcoming years. COVID-19 Impact: Supply Chain Hurdles amid Pandemic to Affect Market Dynamics The sudden outbreak and rapid spread of the COVID-19 pandemic led to various disruptions, including supply chain problems. Strict containment measures introduced by the respective governments constrained the movement of raw materials and affected industrial operations. Nationwide lockdown restrictions led to the stockpiling of long-lasting foods and basic staples such as wheat, rice, sugar, and other products. The rising agricultural consumption resulted in the shortage of raw materials required for chemicals production. These factors caused a slowdown in Bio-based chemicals market growth during the pandemic period. Market Segments: Based on product category, the market is segmented into adhesives, platform chemicals, paints, coatings, inks & dyes, polymers for plastics, surfactants, adhesives, cosmetics & personal care products, man made fibers, and others. In terms of application, the market is divided into agricultural, industrial, pharmaceutical, and others. Geographically, the market broken down into North America, Asia Pacific, Europe, and the Rest of the World. Drivers & Restraints: Depleting Fossil Fuel Resources to Provide Momentum to Market Bio-based chemicals market growth is driven by the depletion of fossil fuel resources and rising greenhouse gas emissions. These factors have led to increased adoption of biomaterials. Ongoing initiatives to limit harmful emissions is supporting the adoption of Bio-based products across industries. The growing concept of green chemistry will further boost this adoption rate. Supportive government initiatives to limit the usage of harmful chemicals will work in favor of the market growth. However, the market development could be hampered by the high cost of the product. Regional Insights: Europe registered revenue gains worth USD 35.59 billion in 2020 and will dominate the Bio-based chemicals market share over the assessment period. Leading position of the region can be contributed to the growing initiatives by the European Union to promote green and circular economy. Active steps to increase reliance on biomaterials will strengthen the regional outlook. The market in Asia Pacific will witness robust growth led by the widespread shift towards Bio-based solutions and tightening environmental regulations. Meanwhile, North America will experience substantial growth led by growing R&D in the field of biomaterials. Notable Industry Development: December 2020: DuPont Nutrition & Biosciences and Kemira formed a strategic alliance for the formulation and commercialziation of the enzymatic polymerization-based polysaccharide platform technology by DuPont for various applications. Browse Summary: https://www.fortunebusinessinsights.com/bio-based-chemicals-market-106586
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    Bio-based Chemicals Market Size, Share | Industry Growth, 2028
    The global Bio-based Chemicals market is projected to grow from $77.10 billion in 2021 to $144.63 billion in 2028 at a CAGR of 9.4% in forecast period
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  • Ready Mix Concrete Market Recent Trends, Future Growth Analysis Forecasts 2028|
    The global ready-mix concrete market is expected to gain traction from the crucial efforts undertaken by prominent manufacturers to curb the emissions of greenhouse gases (GHG). To do so, they are frequently surging the percentage of additives in ready-mix concrete, such as slag or fly ash for improving energy efficiency and reducing the consumption of ordinary Portland cement. This information is given by Fortune Business Insights™ in a recent report, titled, “Ready-Mix Concrete Market Size, Share & Industry Analysis, By Application (Residential, Commercial, Infrastructure, and Others), and Regional Forecast, 2020-2027.” The report further mentions that this market size was USD 633.4 billion in 2019 and is projected to reach USD 1,227.2 billion by 2027, exhibiting a CAGR of 8.7% during the forecast period.

    To get to know more about the short-term and long-term impact of COVID-19 on this market,

    please click: https://www.fortunebusinessinsights.com/ready-mix-concrete-market-103281

    This Report Answers the Following Questions:

    What are the market dynamics, drivers, and hindrances?
    Which segment is set to lead the market in the coming years?
    How will the companies surge sales of ready-mix concrete?
    Will the COVID-19 pandemic affect the market severely?
    Drivers & Restraints-

    Rising Investments in Construction Projects to Propel Growth

    Several private and government organizations are increasingly investing in construction projects across the globe. These consist of the construction of commercial buildings, railroads, highways, power generation sector, real estates, bridges, and urban infrastructure. Apart from these, in the developing countries, such as South Korea, India, China, and Mexico, the agencies are investing hefty amounts of money in urbanization. It is further skyrocketing the demand for this concrete. The global construction industry is also expanding backed by the reduced labor cost and availability of plenty of equipment and tools. These factors are expected to boost the ready-mix concrete market growth in the near future.

    How will the Covid-19 Pandemic Affect the Market?

    Owing to the outbreak of the COVID-19 pandemic, several construction sites across the world have been shut down completely.
    This is occurring because of the implementation of stringent norms, such as lockdown measures by the ruling bodies.
    The open sites are presently facing major issues of supply chain disruptions.
    As China was the biggest producer of this concrete, many companies are facing shortage of raw materials for construction due to the ban on exports.
    Therefore, various companies are shifting towards other countries for receiving the products. This has surged the prices of materials.
    Segment-

    Residential Segment to Dominate Stoked by Increasing Demand for Housing Sectors

    Based on application, the market is segregated into infrastructure, commercial, and residential, and others. Out of these, the infrastructure segment held 28.70% in terms of ready-mix concrete market share in 2019. This growth is attributable to the increasing urbanization, which, in turn, is resulting in the construction of roads, water systems, power generation systems, and highways. The residential segment would dominate the market throughout the coming years stoked by the high demand for housing sectors, especially from Asia Pacific as the population of this region is growing rapidly.

    Regional Analysis-

    Increasing Demand for Single Housing Units to Drive Growth in North America

    Geographically, Asia Pacific is anticipated to showcase substantial growth in terms of revenue during the forthcoming years. This growth is attributable to the rising demand for ready-mix concrete from South Korea, India, and China. Also, the increasing construction of new manufacturing plants and rapid development of infrastructures in these countries would contribute to the market growth in this region.


    CEMEX S.A.B. de C.V. (Mexico)
    I. Cement Factory Limited. (Dhaka)
    ACC Ltd. (India)
    UltraTech Cement Ltd. (India)
    LafargeHolcim (Switzerland)
    Ready Mix Concrete Market Recent Trends, Future Growth Analysis Forecasts 2028| The global ready-mix concrete market is expected to gain traction from the crucial efforts undertaken by prominent manufacturers to curb the emissions of greenhouse gases (GHG). To do so, they are frequently surging the percentage of additives in ready-mix concrete, such as slag or fly ash for improving energy efficiency and reducing the consumption of ordinary Portland cement. This information is given by Fortune Business Insights™ in a recent report, titled, “Ready-Mix Concrete Market Size, Share & Industry Analysis, By Application (Residential, Commercial, Infrastructure, and Others), and Regional Forecast, 2020-2027.” The report further mentions that this market size was USD 633.4 billion in 2019 and is projected to reach USD 1,227.2 billion by 2027, exhibiting a CAGR of 8.7% during the forecast period. To get to know more about the short-term and long-term impact of COVID-19 on this market, please click: https://www.fortunebusinessinsights.com/ready-mix-concrete-market-103281 This Report Answers the Following Questions: What are the market dynamics, drivers, and hindrances? Which segment is set to lead the market in the coming years? How will the companies surge sales of ready-mix concrete? Will the COVID-19 pandemic affect the market severely? Drivers & Restraints- Rising Investments in Construction Projects to Propel Growth Several private and government organizations are increasingly investing in construction projects across the globe. These consist of the construction of commercial buildings, railroads, highways, power generation sector, real estates, bridges, and urban infrastructure. Apart from these, in the developing countries, such as South Korea, India, China, and Mexico, the agencies are investing hefty amounts of money in urbanization. It is further skyrocketing the demand for this concrete. The global construction industry is also expanding backed by the reduced labor cost and availability of plenty of equipment and tools. These factors are expected to boost the ready-mix concrete market growth in the near future. How will the Covid-19 Pandemic Affect the Market? Owing to the outbreak of the COVID-19 pandemic, several construction sites across the world have been shut down completely. This is occurring because of the implementation of stringent norms, such as lockdown measures by the ruling bodies. The open sites are presently facing major issues of supply chain disruptions. As China was the biggest producer of this concrete, many companies are facing shortage of raw materials for construction due to the ban on exports. Therefore, various companies are shifting towards other countries for receiving the products. This has surged the prices of materials. Segment- Residential Segment to Dominate Stoked by Increasing Demand for Housing Sectors Based on application, the market is segregated into infrastructure, commercial, and residential, and others. Out of these, the infrastructure segment held 28.70% in terms of ready-mix concrete market share in 2019. This growth is attributable to the increasing urbanization, which, in turn, is resulting in the construction of roads, water systems, power generation systems, and highways. The residential segment would dominate the market throughout the coming years stoked by the high demand for housing sectors, especially from Asia Pacific as the population of this region is growing rapidly. Regional Analysis- Increasing Demand for Single Housing Units to Drive Growth in North America Geographically, Asia Pacific is anticipated to showcase substantial growth in terms of revenue during the forthcoming years. This growth is attributable to the rising demand for ready-mix concrete from South Korea, India, and China. Also, the increasing construction of new manufacturing plants and rapid development of infrastructures in these countries would contribute to the market growth in this region. CEMEX S.A.B. de C.V. (Mexico) I. Cement Factory Limited. (Dhaka) ACC Ltd. (India) UltraTech Cement Ltd. (India) LafargeHolcim (Switzerland)
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    Ready-Mix Concrete Market Size | Global Industry Analysis, 2028
    The global ready-mix concrete market is projected to grow from $792.2 billion in 2021 to $1,374.2 billion in 2028 at a CAGR of 8.2% in forecast period
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  • Bio-based Chemicals Market Report 2019 : Industry Insights, Estimated Yield, Recent Developments and Forecast to 2028 with Dominant Regions and Countries Data
    The global Bio-based chemicals market size amounted to USD 73.16 billion in 2020. The market is predicted to grow from USD 77.10 billion in 2021 to USD 144.63 billion in 2028 at a CAGR of 9.4% during the forecast period. The increasing consumption of Bio-based solutions to ensure environmental sustainability will propel the market forward during the...
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  • Benzene and its Derivatives Market Revenue, Future Growth, Trends, Top Key Players, Business Opportunities, Industry Share, Size Analysis by Forecast 2028
    The global benzene and its derivatives market growth size was USD 25.4 billion in 2020. The market is projected to grow from USD 34.6 billion in 2021 to USD 53.5 billion in 2028 at a CAGR of 6.4% during the 2021-2028 period. This information is provided by Fortune Business Insights, in its report, titled, “Benzene and its...
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  • Generic Drugs Market Size, Share, Supply, Demand, Segments and Forecast 2028
    The global Generic Drugs Market size (2022-2027) research report represents a detailed overview of the current market situation and forecast till 2027. The study perhaps a perfect mixture of qualitative and quantitative information highlighting key market developments, challenges, competition industry face alongside gap analysis and new opportunities available and trend within the Generic Drugs...
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  • Ready Mix Concrete Market Size & Major Factors That Can Increase the Worldwide Demand by 2028
    The global ready-mix concrete market is expected to gain traction from the crucial efforts undertaken by prominent manufacturers to curb the emissions of greenhouse gases (GHG). To do so, they are frequently surging the percentage of additives in ready-mix concrete, such as slag or fly ash for improving energy efficiency and reducing the consumption of ordinary Portland cement. This...
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  • Flat Glass Market Manufacturers | Size and Revenue | Business Share Forecast by Regions 2021-2026
    According to a recently published report by Fortune Business Insights The global flat glass Industry is likely to gain traction from the rapid industrialization. It is driving the demand for flat glass as they are being used extensively in the commercial buildings to conserve energy. It is done by maximizing the usage of natural light. Fortune Business...
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