Market Size of south america ready mix concrete Industry
| Icons | Lable | Value |
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Study Period | 2018 - 2030 |
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Market Volume (2024) | 151.98 Million Cubic meters |
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Market Volume (2030) | 203.98 Million Cubic meters |
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Largest Share by End Use Sector | Residential |
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CAGR (2024 - 2030) | 5.03 % |
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Largest Share by Country | Brazil |
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Market Concentration | Low |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
South America Ready Mix Concrete Market Analysis
The South America Ready Mix Concrete Market size is estimated at 151.98 million Cubic meters in 2024, and is expected to reach 203.98 million Cubic meters by 2030, growing at a CAGR of 5.03% during the forecast period (2024-2030).
151.98 Million
Market Size in 2024 (Cubic meters)
203.98 Million
Market Size in 2030 (Cubic meters)
1.45 %
CAGR (2018-2023)
5.03 %
CAGR (2024-2030)
Largest Market by Product
71.60 %
volume share, Transit Mixed, 2023
Owing to the strict timelines of construction projects and the use of affordable concrete in the country's construction industry, transit mix has dominated the market.
Largest Market by End Use Sector
36.83 %
volume share, Residential, 2023
Due to the growing usage of ready-mix concrete for applications such as building foundations, floors, walls, columns, etc., the residential sector has dominated the market.
Largest Market by Country
41.19 %
volume share, Brazil, 2023
The high consumption of ready-mix concrete in Brazil for applications including foundations, beams, and columns in the commercial and infrastructure sectors, makes it the largest consumer in the region.
Fastest Market by Country
6.10 %
Projected CAGR, Brazil, 2024-2030
Owing to the largest infrastructure spending in the region coupled with the growing consumption of construction chemicals in residential construction, Brazil is expected to register the fastest growth in the region.
Leading Company
6.95 %
market share, Polimix Concreto, 2022
In 2022, the company holds the largest share owing to its ready-mix concrete production capacity of around 13.2 million cubic meters per year. The company serves customers across various construction sectors.
The commercial sector is the fastest-growing end-use sector in the region, while the residential sector is to remain at the pole position during the forecast period in South America
- In 2022, South America witnessed a surge in ready-mix concrete consumption, with a notable uptick of 14.1 million tons compared to the previous year. This rebound was largely attributed to the region's recovery from the setbacks of the COVID-19 pandemic. Bolstered by a surge in construction activities across sectors, South America was poised to witness a 1.71% growth in ready-mix concrete consumption in 2023.
- In 2022, the residential sector dominated South America's ready-mix concrete landscape, accounting for a significant 36.3% share. Within this sector, transit-mixed ready-mix concrete emerged as the preferred choice, capturing a substantial 75% of the sector's total consumption. Projections indicated that the residential sector's demand for ready-mix concrete will climb to nearly 144.8 million cubic meters in 2023, marking a 1.71% increase from 2022.
- The infrastructure sector in South America is another key player in the ready-mix concrete arena. In 2022, it commanded a sizable 30% share of the region's demand. Notably, transit-mixed ready-mix concrete is anticipated to witness the highest compound annual growth rate (CAGR) of 4.86% in volume between 2023 and 2030.
- South America's commercial sector is set to witness the most significant surge in ready-mix concrete consumption, with a projected CAGR of 5.78% during the forecast period. This uptick is primarily driven by the region's expanding commercial floor area. For instance, the commercial new floor area is expected to grow from 211 million square feet to 283 million square feet during the forecast period (2023-2030).
Understand The Key Trends Shaping This Market
Brazil is the largest and fastest-growing market for ready-mix concrete in South America
- In South America, the ready-mix concrete market is predominantly driven by the residential and infrastructure sectors. In 2022, these sectors held shares of 36% and 30%, respectively. In 2023, the region's ready-mix concrete consumption grew by approximately 1.71% compared to 2022, primarily fueled by increased demand from the residential sector.
- Accounting for over half of South America's landmass and being the largest economy in the region, Brazil stands as the leading consumer of ready-mix concrete. In 2022, Brazil's residential sector accounted for a significant 63% of the country's total consumption. The commercial sector's new floor area is expected to witness the highest growth rate, and the consumption volume is projected to record a CAGR of 7.65% during the forecast period.
- Argentina, the second-largest economy in South America, also holds a prominent position in terms of ready-mix concrete consumption in the region. In 2022, the residential sector in Argentina consumed 2.2 million cubic meters, marking a 4.44% decline from 2021. Argentina's market is dominated by the transit mixed type, which is the traditional form of ready-mix concrete.
- Among the South American nations, Brazil is expected to witness the most significant surge in ready-mix concrete consumption, recording a CAGR of 6.02% during the forecast period. This growth is attributed to the rising adoption of shrink-mixed concrete, which offers advantages like reduced bulk volume and enhanced truck loading capacity. Brazil's consumption of shrink-mixed concrete is projected to record the fastest CAGR of 7.22% during the forecast period.
South America Ready Mix Concrete Industry Segmentation
Commercial, Industrial and Institutional, Infrastructure, Residential are covered as segments by End Use Sector. Central Mixed, Shrink Mixed, Transit Mixed are covered as segments by Product. Argentina, Brazil are covered as segments by Country.
- In 2022, South America witnessed a surge in ready-mix concrete consumption, with a notable uptick of 14.1 million tons compared to the previous year. This rebound was largely attributed to the region's recovery from the setbacks of the COVID-19 pandemic. Bolstered by a surge in construction activities across sectors, South America was poised to witness a 1.71% growth in ready-mix concrete consumption in 2023.
- In 2022, the residential sector dominated South America's ready-mix concrete landscape, accounting for a significant 36.3% share. Within this sector, transit-mixed ready-mix concrete emerged as the preferred choice, capturing a substantial 75% of the sector's total consumption. Projections indicated that the residential sector's demand for ready-mix concrete will climb to nearly 144.8 million cubic meters in 2023, marking a 1.71% increase from 2022.
- The infrastructure sector in South America is another key player in the ready-mix concrete arena. In 2022, it commanded a sizable 30% share of the region's demand. Notably, transit-mixed ready-mix concrete is anticipated to witness the highest compound annual growth rate (CAGR) of 4.86% in volume between 2023 and 2030.
- South America's commercial sector is set to witness the most significant surge in ready-mix concrete consumption, with a projected CAGR of 5.78% during the forecast period. This uptick is primarily driven by the region's expanding commercial floor area. For instance, the commercial new floor area is expected to grow from 211 million square feet to 283 million square feet during the forecast period (2023-2030).
| End Use Sector | |
| Commercial | |
| Industrial and Institutional | |
| Infrastructure | |
| Residential |
| Product | |
| Central Mixed | |
| Shrink Mixed | |
| Transit Mixed |
| Country | |
| Argentina | |
| Brazil | |
| Rest of South America |
Need A Different Region Or Segment?
South America Ready Mix Concrete Market Size Summary
The South America ready-mix concrete market is experiencing a robust growth trajectory, driven primarily by the residential and infrastructure sectors. The market is characterized by a significant recovery post-COVID-19, with increased construction activities across various sectors. The residential sector, in particular, has emerged as a dominant force, with transit-mixed ready-mix concrete being the preferred choice. The infrastructure sector also holds a substantial share, with expectations of continued growth. The commercial sector is anticipated to witness the most significant surge in consumption, fueled by the expansion of commercial floor areas. Brazil, as the largest economy in the region, leads in consumption, with a notable focus on the residential sector, while Argentina remains a key player with its traditional transit-mixed concrete.
The market landscape is fragmented, with major players like Argos Group, Polimix Concreto, Supermix, UNACEM, and Votorantim Cimentos holding a significant portion of the market share. Recent expansions and strategic initiatives by these companies, such as Polimix Concreto's new production facilities in Brazil, highlight the competitive nature of the market. The region's economic growth, urbanization, and government initiatives aimed at affordable housing are further propelling the demand for ready-mix concrete. As South America continues to prioritize infrastructure and commercial development, the market is poised for sustained growth, with Brazil and Argentina playing pivotal roles in shaping its future.
South America Ready Mix Concrete Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size, forecasts up to 2030 and analysis of growth prospects.)
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1.1 End Use Sector
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1.1.1 Commercial
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1.1.2 Industrial and Institutional
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1.1.3 Infrastructure
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1.1.4 Residential
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1.2 Product
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1.2.1 Central Mixed
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1.2.2 Shrink Mixed
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1.2.3 Transit Mixed
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1.3 Country
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1.3.1 Argentina
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1.3.2 Brazil
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1.3.3 Rest of South America
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South America Ready Mix Concrete Market Size FAQs
What is the current South America Ready Mix Concrete Market size?
The South America Ready Mix Concrete Market is projected to register a CAGR of 5.03% during the forecast period (2024-2030).
Who are the key players in South America Ready Mix Concrete Market?
Argos Group, Polimix Concreto, Supermix, UNACEM and Votorantim Cimentos are the major companies operating in the South America Ready Mix Concrete Market.
