GCC Cement Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

GCC Cement Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The GCC cement market is currently witnessing steady growth. Cement, or ordinary Portland cement (OPC), refers to a grey colored powder manufactured by grinding a mixture of clay and limestone. It is an inorganic compound with excellent hydraulic binding properties. Cement is used in structural applications and hardens with the addition of water. It is produced in different types to meet the physical and chemical requirements of specific situations, such as durability and strength. Cement forms the backbone of infrastructural development as it is extensively used for mass construction like civil construction, dwellings and industrial estates.

The GCC cement market is primarily driven by the rising demand for shelter and infrastructure in the region. This has resulted in extensive investments in the construction industry, which is propelling the growth of the market. Furthermore, the development of mega infrastructure projects, such as the construction of Al Maktoum International Airport in Dubai, is also increasing the demand for cement. Moreover, governments of GCC countries are investing considerably to enhance the existing infrastructure and lower the carbon footprint. As a result, manufacturers are increasingly adopting thermal energy in cement manufacturing to minimize CO₂ emissions generated during the production process. On account of these factors, the market is expected to continue its steady growth during the forecast period (2021-2026).

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the GCC cement market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, type and end use.

Breakup by Type:

Blended
Portland
Others

Breakup by End Use:

Residential
Commercial
Infrastructure

Breakup by Country:

Saudi Arabia
UAE
Qatar
Oman
Kuwait
Bahrain

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key Questions Answered in This Report:

How has the GCC cement market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the GCC cement market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the end use?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the GCC cement market and who are the key players?
What is the degree of competition in the industry?