News / Building Bulletin

Global ready-mix concrete market set to reach US$1.5trn by 2034

@ICR Newsroom

16 September 2026

The global ready-mix concrete (RMC) market is forecast to grow from US$977.15bn in 2025 to US$1.52trn by 2034, representing a five per cent compound annual growth rate over the period. The growth is being driven by a surge in global infrastructure investment, urbanisation and demand for faster, more efficient construction methods, according to market analysts The Insight Partners. The expansion of smart cities and transit-oriented development, particularly in emerging economies, is also expected to boost demand, alongside continued residential and industrial construction. The market is increasingly moving beyond conventional concrete towards higher-performance products such as self-compacting, fibre-reinforced and ultra-high-performance concrete. These mixes can reduce labour requirements, improve durability and meet the more demanding specifications of major infrastructure projects. Sustainability is another major factor shaping the market. Producers are increasingly i...