FMI has estimated the Gulf Corporation Council Cement market to reach a valuation of US$ 7,254.0 Million in 2022. Sales prospects in the Cement market are expected to witness a steady growth outlook of the magnitude of 5.7% and are expected to top a valuation of US$ 12,651.2 Million by 2032. With growing demand from residential & commercial buildings End Uses, the sales of Cement are expected to witness significant growth during the forecast period.
| Attribute | Details |
|---|---|
| Cement Sales (2021A) | US$ 6,883.1 Million |
| Cement Demand (2022E) | US$ 7,254.0 Million |
| Cement Market Projections (2032F) | US$ 12,651.2 Million |
| Value CAGR (2022 to 2032) | 5.7% |
GCC Countries Cement Market is expected to witness nimble growth over the forecast period with an expected growth rate of 5.7% owing to consistency from end-use industries. Due to population growth, there is a greater need for residential structures. Along with the GCC Countries, this has increased the demand for cement globally. A market for the consumption of goods has been created by the increasing demand for public infrastructure and non-residential buildings, such as hospitals and healthcare facilities. As a result, the expanding construction industry is driving up demand in the market.
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The Cement market witnessed a CAGR of 2.2% over the historical period of 2017 to 2021. The novel Covid-19 affects this market as well. Significant effects on the distributor and supplier of raw materials include supply chain disruption, import and export restrictions, and import and export bans. Covid-19 had an adverse effect on a number of end-use industries, including construction, all of which have a direct bearing on the cement market.
Demand for cement has been consistently growing owing to the consistent growth in construction & infrastructural projects. Based on the current estimations, the market for Cement is to witness a growth outlook of about 5.7% over the period between 2022 and 2032.
Growth of the end-use industries and investment by the government in new construction & infrastructure projects are some of the key factors responsible for the growth of the market. The significant demand for cement for various end uses such as industrial, commercial buildings & infrastructure projects & others have maintained the growth of the market to a substantial extent.
Over the years, the construction materials market has experienced consistent incremental growth. This is due to favorable economic conditions in a number of countries. The construction industry is expected to see an acceleration in large public infrastructure programs, which will create opportunities for public-private partnerships.
Markets in developing nations are predicted to open up prospects for various foreign players to enter the regional market in the upcoming years. This might offer major chances for local companies to collaborate, form joint ventures, or even be bought out by bigger organizations looking to establish a presence in the domestic market.
Additionally, the predicted increase in healthcare spending is likely to stimulate the refurbishment of healthcare facilities, which is also anticipated to fuel an increase in demand for construction supplies like cement throughout the forecast period. Spending on educational institutions and schools is expected to rise as well in order to provide schools with cutting-edge technology and foster a collaborative learning environment for students.
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Today, cities are home to more than 50% of the world's population. More than twice as many people - 6 billion - will be residing in cities by the year 2045. To prepare for growth and offer the essential infrastructure, services, and affordable housing for expanding populations, city planners must move swiftly. In 2021, India had a 35.3% urban population, China had a 63% urban population, the USA had an 83% urban population, and Germany had a 78% urban population.
In order to improve their respective regions' transportation and economic facilities, governments in these rising regions are starting a number of construction projects. This is anticipated to open up chances for construction projects in the region including public-private partnerships.
Furthermore, countries such as Qatar, the United Arab Emirates, and Mexico, to name a few, are gradually turning their attention toward developing into service-driven economies. This shift in focus is expected to boost commercial construction activity in the region and open up opportunities for infrastructure-related investment portfolios.
The raw materials used in production include silica sand, clay, chalk, limestone, shale, and shells. Numerous detrimental effects of its production on the environment and public health. Breathing in dust particles can be challenging and aggravate the throat and nose. Cement manufacturing also contributes significantly to pollution.
The USA Environmental Protection Agency ranks the cement industry as the third-largest industrial polluter due to its annual emissions of more than 500 kilotons of sulphur dioxide, nitrogen oxide, and carbon monoxide. Governments impose various environmental regulations on the cement manufacturing process as a result of these factors. As a result, it is anticipated that this factor will slow market growth.
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The Saudi Arabia Cement market size is valued at US$ 3,214.4 Million in 2021, expected to grow with a CAGR of 6.0% during the forecast period. Rapid urbanization, increasing migration from rural to urban cities in search of better amenities, and rising demand for residential and commercial spaces are the primary factors driving the Saudi Arabia Cement Market market's growth during the forecast period.
According to the Housing Ministry, real estate is the second-largest contributor to Saudi Arabia's GDP and influences the expansion of more than 120 other economic sectors. By 2022, Saudi Arabia is anticipated to have the highest housing demand in the Gulf Cooperation Council.
The main factors driving the growth of Saudi Arabia's residential real estate market during the forecast period are the rising demand for housing units among the young population, the implementation of recent government reforms, and rising consumer income. This will in turn drive the growth of the cement market.
One of the essential binding materials used in the construction sector is cement. For materials like concrete, mortar, non-specialty grouts, stucco, etc., cement serves as a binding agent. For applications in construction, cement's physical and chemical characteristics like affordability, high durability, high dependability, and versatility are advantageous.
In the region, rising construction activity in the residential and commercial, industrial, and infrastructure sectors is the main factor influencing cement demand. Infrastructure and residential and commercial building demand have increased as a result of the population's rapid growth. The region’s residential cement market is anticipated to expand significantly over the forecast period.
Also, the pandemic increased demand for large homes with high-end amenities by emphasizing the importance of homeownership. As a result of being confined to their homes for extended periods, customers' interest in luxury living with a variety of amenities has grown. Because of factors such as remote jobs and education, families are looking for homes that include SOHO (small office/home office) alternatives. The sales of luxury apartment buildings, luxury homes, and villa developments are all rising. An increasing number of NRIs are considering it as a profitable alternative to investing as a result of the implementation of RERA (Real Estate Regulatory Authority) in the industry, which has strengthened regulatory controls, improved transparency, and increased consolidation.
The Residential & Commercial Buildings Segment is expected to grow at a CAGR of 5.7% during the forecast period.
Ordinary Portland Cement (OPC) is a type of cement that is used and manufactured all over the world. OPC is commonly used in mortar, plaster, and concrete. In addition to the aforementioned uses, Ordinary Portland cement is used to make AAC blocks, grout, wall putty, solid concrete blocks, and various types of cement.
One of the most commonly utilized cement is regular Portland cement. OPC withstands shrinkage and cracking remarkably well. Compared to PPC, OPC has a quicker initial setup. OPC is advised where a cost-prohibitive course of treatment is anticipated due to the shorter treatment period than PPC and lower overall cost of care.
Ordinary Portland Cement has various advantages, which makes it suitable for use in different applications. The OPC type is expected to reach about US$ 8,836.8 Million by the year 2032.
GCC Countries Cement Market is a somewhat semi-fragmented market with a certain number of players highly active in the market. The market has also the presence of several small and medium-sized players, which are driving the market & providing competition to Tier-1 players. Key market players are expanding their production capacities to improve their product portfolio and global presence. This will meet increasing demand and boost sales. Furthermore, key players are focusing on acquisitions and agreements with other market players in order to strengthen their market position and remain competitive.
Small and medium-sized manufacturers are focusing on providing cost-effective and value-for-money products to improve their market penetration.
For Instance:
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value and Kilo Tons for Volume |
| Key Countries Covered | Saudi Arabia, Oman, Qatar, UAE, Bahrain, and Kuwait. |
| Key Segments Covered | Product Type, End-Use, and Country |
| Key Companies Profiled | LafargeHolcim; Anhui Conch Cement; China National Building Material Co., Ltd; Heidelberg Cement; China Resources Cement; Aditya Birla Group; Saudi Cement. LTD; Southern Province Cement Company; Yanbu Cement Company; Arabia Cement Company; Al-Rashed Cement Company; Yamama Cement; Eastern Province Cement Co.; Qatar National Cement Company; Al Khalij Cement Company; Oman Cement Company; Raysut Cement Company; Gulf Cement Company; National Cement Co.; Union Cement Company; The Braj Binani Group |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available Upon Request |
The Gulf Corporation Council Cement Market is estimated to reach a valuation of US$ 7,254.0 Mn in 2022.
The Cement demand is anticipated to witness a growth rate of 5.7% over the forecast period of 2022 and 2032 in terms of value.
Key players in the Gulf Corporation Council Cement market are expected to account for about 55-60% of the overall market share.
The top countries driving the Gulf Corporation Council Cement demand are Saudi Arabia, UAE, Kuwait, and Qatar.
1. Executive Summary | Gulf Corporation Council Cement Market
1.1. Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
2.3. SWOT Analysis of Cement
2.4. Product Type Specifications
2.4.1. Quality
2.4.2. Packaging
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
5. Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032
5.1. Historical Market Volume (Tons) Analysis, 2017 to 2021
5.2. Current and Future Market Volume (Tons) Projections, 2022 to 2032
5.3. Y-o-Y Growth Trend Analysis
6. Market - Pricing Analysis
6.1. Pricing Analysis By Product Type
6.2. Average Pricing Analysis Benchmark
7. Market Demand (in Value or Size in US$ Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032
7.1. Historical Market Value (US$ Million) Analysis, 2017 to 2021
7.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Macro-Economic Factors
8.1.1. GDP Growth Outlook
8.1.2. Construction Industry Overview
8.1.3. Infrastructure Sector Overview
8.1.4. Concrete Production Outlook
8.1.5. Other Macro-economic Factors
8.2. Forecast Factors - Relevance & Impact
8.2.1. Top Companies Historical Growth
8.2.2. GDP Growth forecast
8.2.3. Manufacturing Industry Growth Forecast
8.2.4. Demand from Building Construction
8.2.5. Demand from Infrastructure Sector
8.2.6. Government Expenditure in Construction and Infrastructure Development
8.2.7. Pricing Impact
8.2.8. Other Forecast Factors
8.3. Value Chain Analysis
8.3.1. Raw Material Suppliers
8.3.2. Product Manufacturers
8.3.3. List of Probable End Users
8.4. COVID-19 Crisis - Impact Assessment
8.4.1. Current Statistics
8.4.2. Short-Mid-Long Term Outlook
8.4.3. Likely Rebound
8.5. Market Dynamics
8.5.1. Drivers
8.5.2. Restraints
8.5.3. Opportunity Analysis
8.6. Supply Demand Analysis
8.6.1. GCC Countries
8.6.2. Saudi Arabia
8.7. Trade Statistics
8.8. Supply Split by construction companies, Ready mix Concrete
8.9. Construction & Infrastructure Projects
9. Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Million) and Volume Analysis By Product Type, 2017 to 2021
9.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Product Type, 2022 to 2032
9.3.1. Ordinary Portland Cement
9.3.1.1. OPC 33 Grade
9.3.1.2. OPC 43 Grade
9.3.1.3. OPC 53 Grade
9.3.2. Portland Pozzolana Cement (PPC)
9.3.3. Sulphate Resistant Portland Cement
9.3.4. Blended Cement
9.3.5. White Cement
9.3.6. Portland Slag Cement (PSC)
9.3.7. Super Grade Cement
9.3.8. Hydrophobic Portland Cement
9.4. Market Attractiveness Analysis By Product Type
10. Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End Use
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Million) and Volume Analysis By End Use, 2017 to 2021
10.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By End Use, 2022 to 2032
10.3.1. Residential and Commercial Building
10.3.1.1. Drainage System
10.3.1.2. Beams and Pillars
10.3.1.3. Stairs
10.3.1.4. Roofs and Walls
10.3.1.5. Foundations
10.3.1.6. Others
10.3.2. Civic Infrastructure
10.3.2.1. Dams & Ports
10.3.2.2. Roads
10.3.2.3. Bridges
10.3.2.4. Tunnels
10.3.2.5. Culverts and Sewers
10.3.2.6. Power Plants
10.3.3. Industrial & Marine Construction
10.4. Market Attractiveness Analysis By End Use
11. Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Country
11.1. Introduction
11.2. Historical Market Size (US$ Million) and Volume Analysis By Region, 2017 to 2021
11.3. Current Market Size (US$ Million) and Volume Analysis and Forecast By Region, 2022 to 2032
11.3.1. Saudi Arabia
11.3.2. United Arab Emirates(UAE)
11.3.3. Qatar
11.3.4. Kuwait
11.3.5. Bahrain
11.3.6. Oman
11.4. Market Attractiveness Analysis By Region
12. KSA Cement Market Analysis 2017 to 2021 and Forecast 2022 to 2032
12.1. Introduction
12.2. Pricing Analysis
12.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
12.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
12.4.1. By Product Type
12.4.2. By End Use
12.5. Market Attractiveness Analysis
12.5.1. By Product Type
12.5.2. By End Use
12.6. Key Market Participants - Intensity Mapping
12.7. Drivers and Restraints - Impact Analysis
13. Market Structure Analysis
13.1. Market Analysis by Tier of Companies (Cement)
13.2. Market Share Analysis of Top Players
13.3. Player Positioning Analysis
13.4. Apparent Production Capacity of Key Players
13.5. Market Presence Analysis
13.5.1. By Product Type
13.5.2. By End Use Mapping
13.5.3. By Country Footprint
14. Competition Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Competition Deep Dive (Global)
14.3.1. LafargeHolcim
14.3.1.1. Overview
14.3.1.2. Product Portfolio
14.3.1.3. Profitability by Market Segments (Product/Channel/Region)
14.3.1.4. Sales Footprint
14.3.1.5. Strategy Overview
14.3.2. Anhui Conch Cement
14.3.2.1. Overview
14.3.2.2. Product Portfolio
14.3.2.3. Profitability by Market Segments (Product/Channel/Region)
14.3.2.4. Sales Footprint
14.3.2.5. Strategy Overview
14.3.3. China National Building Material Co., Ltd
14.3.3.1. Overview
14.3.3.2. Product Portfolio
14.3.3.3. Profitability by Market Segments (Product/Channel/Region)
14.3.3.4. Sales Footprint
14.3.3.5. Strategy Overview
14.3.4. Heidelberg Cement
14.3.4.1. Overview
14.3.4.2. Product Portfolio
14.3.4.3. Profitability by Market Segments (Product/Channel/Region)
14.3.4.4. Sales Footprint
14.3.4.5. Strategy Overview
14.3.5. China Resources Cement
14.3.5.1. Overview
14.3.5.2. Product Portfolio
14.3.5.3. Profitability by Market Segments (Product/Channel/Region)
14.3.5.4. Sales Footprint
14.3.5.5. Strategy Overview
14.3.6. Aditya Birla Group
14.3.6.1. Overview
14.3.6.2. Product Portfolio
14.3.6.3. Profitability by Market Segments (Product/Channel/Region)
14.3.6.4. Sales Footprint
14.3.6.5. Strategy Overview
14.3.7. Saudi Cement. ITD
14.3.7.1. Overview
14.3.7.2. Product Portfolio
14.3.7.3. Profitability by Market Segments (Product/Channel/Region)
14.3.7.4. Sales Footprint
14.3.7.5. Strategy Overview
14.3.8. Southern Province Cement Company
14.3.8.1. Overview
14.3.8.2. Product Portfolio
14.3.8.3. Profitability by Market Segments (Product/Channel/Region)
14.3.8.4. Sales Footprint
14.3.8.5. Strategy Overview
14.3.9. Yanbu Cement Company
14.3.9.1. Overview
14.3.9.2. Product Portfolio
14.3.9.3. Profitability by Market Segments (Product/Channel/Region)
14.3.9.4. Sales Footprint
14.3.9.5. Strategy Overview
14.3.10. Arabia Cement Company
14.3.10.1. Overview
14.3.10.2. Product Portfolio
14.3.10.3. Profitability by Market Segments (Product/Channel/Region)
14.3.10.4. Sales Footprint
14.3.10.5. Strategy Overview
14.3.11. Al-Rashed Cement Company
14.3.11.1. Overview
14.3.11.2. Product Portfolio
14.3.11.3. Profitability by Market Segments (Product/Channel/Region)
14.3.11.4. Sales Footprint
14.3.11.5. Strategy Overview
14.3.12. Yamama Cement
14.3.12.1. Overview
14.3.12.2. Product Portfolio
14.3.12.3. Profitability by Market Segments (Product/Channel/Region)
14.3.12.4. Sales Footprint
14.3.12.5. Strategy Overview
14.3.13. Eastern Province Cement Co.
14.3.13.1. Overview
14.3.13.2. Product Portfolio
14.3.13.3. Profitability by Market Segments (Product/Channel/Region)
14.3.13.4. Sales Footprint
14.3.13.5. Strategy Overview
14.3.14. Qatar National Cement Company
14.3.14.1. Overview
14.3.14.2. Product Portfolio
14.3.14.3. Profitability by Market Segments (Product/Channel/Region)
14.3.14.4. Sales Footprint
14.3.14.5. Strategy Overview
14.3.15. Al Khalij Cement Company
14.3.15.1. Overview
14.3.15.2. Product Portfolio
14.3.15.3. Profitability by Market Segments (Product/Channel/Region)
14.3.15.4. Sales Footprint
14.3.15.5. Strategy Overview
14.3.16. Oman Cement Company
14.3.16.1. Overview
14.3.16.2. Product Portfolio
14.3.16.3. Profitability by Market Segments (Product/Channel/Region)
14.3.16.4. Sales Footprint
14.3.16.5. Strategy Overview
14.3.17. Raysut Cement Company
14.3.17.1. Overview
14.3.17.2. Product Portfolio
14.3.17.3. Profitability by Market Segments (Product/Channel/Region)
14.3.17.4. Sales Footprint
14.3.17.5. Strategy Overview
14.3.18. Gulf Cement Company
14.3.18.1. Overview
14.3.18.2. Product Portfolio
14.3.18.3. Profitability by Market Segments (Product/Channel/Region)
14.3.18.4. Sales Footprint
14.3.18.5. Strategy Overview
14.3.19. National Cement Co.
14.3.19.1. Overview
14.3.19.2. Product Portfolio
14.3.19.3. Profitability by Market Segments (Product/Channel/Region)
14.3.19.4. Sales Footprint
14.3.19.5. Strategy Overview
14.3.20. Union Cement Company
14.3.20.1. Overview
14.3.20.2. Product Portfolio
14.3.20.3. Profitability by Market Segments (Product/Channel/Region)
14.3.20.4. Sales Footprint
14.3.20.5. Strategy Overview
14.3.21. The Braj Binani Group
14.3.21.1. Overview
14.3.21.2. Product Portfolio
14.3.21.3. Profitability by Market Segments (Product/Channel/Region)
14.3.21.4. Sales Footprint
14.3.21.5. Strategy Overview
15. Assumptions and Acronyms Used
16. Research Methodology
Chemicals & Materials
August 2024
REP-IN-87
302 pages
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Gulf Corporation Council Cement Market
