GCC Cement Market

GCC Cement Market Overview:

The GCC cement market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. The market is projected to register a CAGR of X% during 2023-2028, reaching US$ XX Billion by 2028. Cement is a chemical substance used in construction applications to set, harden, and bind materials. It is manufactured using a controlled chemical combination of silicon, aluminum, calcium, and iron. Limestone, chalk, shells, shale, clay, slate, silica sand, blast furnace slag, and iron ore are some of the commonly used materials in cement. Cement can be classified into non-hydraulic and hydraulic variants, depending on the capability to set in the presence of water. Portland limestone, Portland slag, and Portland pozzolana are some of the commonly available product variants. It is characterized by excellent physical and chemical properties, such as exceptional durability and strength, due to which it is used in structural applications. In the GCC, cement is witnessing a massive demand as a binding material for mass construction activities, such as housing, roads, industrial estates, dams, hospitals, and ports.

The primary factor driving the GCC cement market is the increasing population, the rising number of construction projects, and extensive investments by regional governments in restoration activities. Additionally, key market players are adopting thermal energy in cement manufacturing to minimize carbon dioxide (CO2) production. They are also investing in advanced technologies to manufacture new product variants, such as green cement, to reduce the exploitation of natural raw materials, which, in turn, is providing a considerable thrust to the market growth. Apart from this, rapid urbanization and increasing consumer expenditure power are positively contributing to the market growth. Furthermore, the surging demand for precast materials, such as roof panels, blocks, and tiles, along with the expansion of cafes, hotels, restaurants, and villas to promote tourism and support economic growth in the region, are accelerating the market growth. Other factors, such as the emerging trend of nuclear families, the rising construction of roads, bridges, and flyovers, the launch of scientifically engineered products that cater to new-age construction activities, and the emergence of smart cement plants integrated with modern and automated algorithms, are bolstering the market growth.

The rising construction activities across GCC countries, facilitated by government-backed infrastructure projects and housing initiatives, represent the primary factor driving the market. Additionally, the rapid infrastructural development, such as the construction of Al Maktoum International Airport in Dubai, due to the increasing population and urbanization in the GCC countries is escalating the product demand. Furthermore, the increasing investments to improve the existing infrastructure, growing environmental concerns and adoption of thermal energy in cement production are some of the other factors anticipated to drive the market further.  

GCC Cement Market Segment Insights:

The report has assessed the GCC cement market on the basis of type covering, blended, portland and others. The report has further examined the market based on end-use including, residential, commercial and infrastructure. On a regional basis, the report examines the cement market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. An evaluation of the competitive landscape has also been provided with the details of the key players operating in the GCC Cement market.

Highlights of the GCC Cement Market Report:

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

Key Market Segments:

The GCC cement market has been analysed as followed:

Segmentation by Type:

• Blended
• Portland
• Others

Segmentation by End-Use:

• Residential
• Commercial
• Infrastructure

Segmentation by Country:

• Saudi Arabia  
• United Arab Emirates  
• Qatar 
• Kuwait 
• Oman 
• Bahrain   

Report Customization:

The GCC cement market report can be customized to as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs.