According to IMARC Groups latest report, the GCC cement market size is currently exhibiting healthy growth rates. Looking forward, the market is expected to continue its steady growth during the forecast period (2021-2026).
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Cement is retrieved from a process of mixing, grinding and heating minerals such as limestone and clay. The primary application of cement is as binding agent. It is used to manufacture components that are used in structures such as pipes, platforms, flooring, etc. Cement is majorly used in the construction industry. It is easily available and provides solid strength to various structures at commercially economic prices.
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Market Trends
Rising urbanisation and middle-class population in the GCC countries have led to a growth in the construction industry, thereby resulting into an increasing demand for commercial, residential and infrastructural projects in the region. Moreover, governments in the GCC countries have also invested in several infrastructure projects to promote the countries’ tourism sector. This is likely to drive the growth of the cement industry in the GCC regions over the coming years.
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<Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
The report has segmented the market on the basis of type, end use, deployment type and country
Breakup by Type:
- Blended
- Portland
- Others
Breakup by End Use:
- Residential
- Commercial
- Infrastructure
Breakup by Country:
- Saudi Arabia
- UAE
- Qatar
- Oman
- Kuwait
- Bahrain
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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