Qatar cement market is anticipated to reach a valuation of USD 937.7 million in 2022. Sales of cement in the peninsula are expected to witness a CAGR of 5.2% between 2022 and 2032. By 2032, the market is projected to reach a valuation of USD 1,550.9 million. With high demand from residential and commercial buildings, sales of cement are expected to witness significant growth during the forecast period.
Cement market in Qatar is expected to witness sprightly growth over the forecast period owing to consistency from numerous industries including, marine, construction, and others. Doha and Al Rayyan are anticipated to lead the Qatar market during the projected period. Rising infrastructural activities and government investments will fuel the market in Qatar.
The market for construction materials has consistently expanded throughout time immemorial. Favorable economic circumstances in numerous countries are to credit for the same. Public-private partnerships will have high prospects as large-scale infrastructure projects are anticipated to move forward quickly in the construction sector.
In the next ten years, markets in emerging countries are expected to create new opportunities for a variety of foreign players to enter the local market. This might present substantial opportunities for local companies to work together. They will be able to start joint ventures or even be acquired by renowned companies seeking to establish a foothold in the domestic market.
It is anticipated that the projected rise in healthcare spending would encourage renovation of healthcare facilities. It will in turn fuel demand for building materials such as cement throughout the projection period. To equip schools with cutting-edge technology and promote a collaborative learning environment for students, spending on educational institutions and schools is anticipated to increase as well.
| Attributes | Key Insights |
|---|---|
| Qatar Cement Market Estimated Size (2022E) | USD 937.7 million |
| Projected Market Valuation (2032F) | USD 1,550.9 million |
| Value-based CAGR (2022 to 2032) | 5.2% |
| Collective Value Share: Top 3 Countries in Qatar (2022E) | 79.8% |
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Qatar cement market witnessed a CAGR of 1.9% during the historical period between 2022 and 2032. The market was predominantly driven by expansion of the construction industry as the country was preparing to host the World Cup. Consistent demand was witnessed from residential and commercial buildings.
Cement demand has been steadily increasing as construction and infrastructure projects have expanded. According to current projections, Qatar cement market is expected to surge at a 5.2% CAGR between 2022 and 2032.
Government funding will be critical in stimulating the construction sector during the projected period. The government intends to diversify its economy and create infrastructure by weaning itself off of its reliance on the oil & gas sector. To diversify its economy, Qatar has established economic free zones that would attract enterprises from all over the world.
Increasing Investments in Tourism to Propel Demand for Fast Set Concrete
In Qatar, the construction industry has been one of the innovative ways to diversify the economy. It aims to create new possibilities and lessen reliance on the oil & gas sector. The construction sector has surged to be Qatar's largest non-mineral industry. Since the country was selected to host the 2022 FIFA World Cup, the construction sector has contributed 15% of Qatar’s GDP, according to the Information Technology Agreement (ITA).
After hosting the FIFA World Cup 2022, Qatar is investing heavily in becoming a commercial hub in the Middle East in the next ten years. It is anticipated that after the FIFA World Cup, the government is expected to invest in transport infrastructure to transform Qatar.
Demand for commercial developments and hotels is expected to increase owing to rising number of tourist arrivals. Hence, Qatar Tourism Authority is anticipated to invest a heavy amount of money in tourism infrastructure.
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Increasing Real Estate Pricing May Hamper Demand for Quick Cement Mix in Qatar
Few raw materials used in the manufacturing of cement are chalk, limestone, shale, shells, silica sand, and clay. Environment and human health are both negatively impacted by its manufacturing in several ways. Inhaling dust particles can irritate the throat and nose, and make breathing challenging. Cement manufacturing also generates a substantial amount of pollution.
The third-largest industrial polluter, according to the USA Environmental Protection Agency, is the cement industry. This is because it emits more than 500 kilotons per year of carbon monoxide, sulphur dioxide, and nitrogen oxide. Governments put numerous environmental laws on the cement manufacturing process as a result of these considerations. Owing to these factors, it is projected that it may slow market expansion.
With strict regulations imposed by the government, soaring real estate pricing is also one of the other factors that may hinder growth. Real estate prices have been gradually rising as developers try to maintain profit margins in the face of recovering demand and rising construction costs.
Numerous companies still require employees to work at least part of the time in the office. Whereas, few people are willing to relocate to big cities. Hence, urban housing markets are changing and rental costs are rising.
Surging Demand for Luxury Homes in Doha to Propel Sales of Heat Resistant Cement
Doha cement market size was valued at USD 365.5 million in 2021. It is expected to elevate at a CAGR of 5.1% during the forecast period. Doha is considered to be the economic center of Qatar. It houses the headquarters of numerous international and domestic organizations, including big oil and gas players. The city has a well-developed infrastructure and brilliant architecture.
High per capita income results in a luxurious lifestyle. Hence, advanced and luxury homes are prominent in the real estate sector. Due to the pandemic's emphasis on the value of a property, there was a surging demand for large homes with luxurious facilities.
Interest in luxury living with a variety of facilities has increased as a result of being cooped up in their homes for an extended time amid the pandemic. Families are opting for homes with small office/home office (SOHO) alternatives due to issues such as remote work and education.
Luxury apartment projects, luxury residences, and villa developments are all seeing a surge in terms of sales. With implementation of Real Estate Regulatory Authority (RERA) in the sector, Non Resident Indians (NRIs) are seeing it as a profitable alternative to investment. It has provided high regulatory controls, enhanced transparency, and increased consolidation. This will help in pushing the construction industry, which will further enable the cement market to surge.
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Need for Fast Drying Cement to Surge among Civic Infrastructure Development Companies
Qatar is experiencing significant growth in terms of civic infrastructure developments. There are potential growth prospects as the government is investing significantly in infrastructure projects. There is also adequate supply of raw materials, finance, labor, and employment in Qatar.
The FIFA World Cup 2022, for instance, is a mega event that transcends boundaries. Hosting the FIFA World Cup has given Qatar boundless fame, visibility, and exposure. It has also increased its prominence. The government allocated more than USD 100 billion to set up the infrastructure for this mega event.
Renovation of the stadium and construction of other facilities were also planned. Renovation of roads, ports, bridges, and tunnels took place. The success of this gala event has attracted tourists to Qatar. Qatar has been investing and continues to invest in modernizing its infrastructure.
Continuous investment from the Qatar government and diversification of investment are a few other factors that would boost sales. Goal to reduce dependency on the oil & gas sector and other developments are key factors responsible for the construction industry’s expansion. It is eventually helping the cement market to expand. The civic infrastructure segment is expected to escalate at a CAGR of 5.5% during the forecast period.
Qatar cement market has a presence of certain key players along with medium and small-scale players. Key players are holding prominent shares in the market, whereas the remaining share is distributed among other companies.
Key players are actively focusing on acquisitions, mergers, and expansion of production facilities to cater to the surging need for cement. These developmental activities will strengthen market positions of key players at the global, as well as regional level. Cement manufacturers are also focusing on reducing carbon dioxide emissions as cement manufacturing processes emit a huge amount of hazardous gases.
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| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | USD 937.7 million |
| Projected Market Valuation (2032) | USD 1,550.9 million |
| Value-based CAGR (2022 to 2032) | 5.2% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | Value (USD million) and Volume (Kilo Tons) |
| Key Countries Covered | Al Shamal, Al Khor, Al Sheehaniya, Umm Salal, Al Dhaayen, Doha, Al Rayyan and Al Wakrah. |
| Key Segments Covered | Product Type, End Use, and Country |
| Key Companies Profiled | Southern Province Cement Company; Yanbu Cement Company; Yamama Cement Company; Qatar National Cement Company; Arabian Cement Company; Najran Cement Company; Al Khalij Cement Company; United Gulf Cement Company; ALJABOR CEMENT INDUSTRIES CO-HOLCIM |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Market Dynamics and Challenges, and Strategic Growth Initiatives |
None, as Qatar is not located in Asia; it is located in the Middle East.
Construction and Infrastructure are the Key Consumers of Qatar's Cement Market
Specific growth figures can vary, but the Qatar cement market is expected to expand due to ongoing construction projects and infrastructure development.
Trends include sustainable construction practices, increased focus on energy efficiency, and the adoption of advanced technologies in cement production.
The market is adopting greener practices, such as using alternative fuels and implementing carbon capture technologies, to reduce its environmental footprint.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Key Success Factors 5. Qatar Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032 6. Qatar Market - Pricing Analysis 7. Qatar Market Demand (in Value or Size in USD million) Analysis 2017 to 2021 and Forecast, 2022 to 2032 8. Market Background 9. Qatar Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type 9.1. Ordinary Portland Cement 9.1.1. OPC 33 Grade 9.1.2. OPC 43 Grade 9.1.3. OPC 53 Grade 9.2. Portland Pozzolana Cement (PPC) 9.3. Sulphate Resistant Portland Cement 9.4. Blended Cement 9.5. White Cement 9.6. Portland Slag Cement (PSC) 9.7. Super Grade Cement 9.8. Hydrophobic Portland Cement 10. Qatar Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End Use 10.1. Residential and Commercial Building 10.1.1. Drainage System 10.1.2. Beams and Pillars 10.1.3. Stairs 10.1.4. Roofs and Walls 10.1.5. Foundations 10.1.6. Others 10.2. Civic Infrastructure 10.2.1. Dams and Ports 10.2.2. Roads 10.2.3. Bridges 10.2.4. Tunnels 10.2.5. Culverts and Sewers 10.2.6. Power Plants 10.3. Industrial and Marine Construction 11. Qatar Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region 11.1. Al Shamal 11.2. Al Khor 11.3. Al Sheehaniya 11.4. Umm Salal 11.5. Al Dhaayen 11.6. Doha 11.7. Al Rayyan 11.8. Al Wakrah 12. Al Shamal Market Analysis 2017 to 2021 and Forecast 2022 to 2032 13. Al Khor Market Analysis 2017 to 2021 and Forecast 2022 to 2032 14. Al Sheehaniya Market Analysis 2017 to 2021 and Forecast 2022 to 2032 15. Umm Salal Market Analysis 2017 to 2021 and Forecast 2022 to 2032 16. Al Dhaayen Market Analysis 2017 to 2021 and Forecast 2022 to 2032 17. Doha Market Analysis 2017 to 2021 and Forecast 2022 to 2032 18. Al Rayyan Market Analysis 2017 to 2021 and Forecast 2022 to 2032 19. Al Wakrah Market Analysis 2017 to 2021 and Forecast 2022 to 2032 20. Market Structure Analysis 21. Competition Analysis 21.1. Southern Cement 21.2. Anhui Conch Cement 21.3. Yamama Saudi Cement Company 21.4. Yanbu Cement 21.5. Arabia Cement 21.6. Najran Cement 21.7. Qatar National Cement Company 21.8. Al Khalij Cement Company 21.9. United Gulf Cement Company 21.10. ALJABOR CEMENT INDUSTRIES CO – HOLCIM 22. Assumptions and Acronyms Used 23. Research Methodology
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Qatar Cement Market
