MENA Cement Market Share, Size, Trends, Growth, Analysis, Report, Forecast 2023-2028
The new report by Expert Market Research titled, ‘MENA Cement Market Size, Report and Forecast 2023-2028’, gives an in-depth analysis of the MENA cement market, assessing the market based on its segments like types, end uses, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2021): About 679.34 MMT
- Forecast CAGR (2023-2028): 5%
- Forecast Market Size (2027): Nearly 936.7 MMT
The cement industry in MENA is being driven by the rising industrial and urban projects being undertaken in major countries of the region, including the UAE and Saudi Arabia. The flourishing construction industry in the region is augmenting the demand for cement, thus pushing the growth of the market.
In addition, owing to factors like urbanisation, industrialisation, and robust job and educational opportunities in the region, the rise in population levels is augmenting the demand for residential constructions in the MENA region, thereby fuelling the growth of the market. As countries like Egypt, Iran, and Saudi Arabia of the MENA region represent a significant share in the global cement manufacturing, the increasing import and export activities of cement is providing further impetus to the growth of the market.
Industry Definition and Segmentation
Cement is defined as a fine grey powder that is mixed with water to create an adhesive material. It sets and hardens to stabilise building units such as bricks and stones. Cement is a material that is extensively used in the construction industry. It provides strength and durability to the built infrastructure, due to which its demand is significantly increasing.
Based on type, the market can be segmented into:
- Blended
- Portland
- Others
The market, based on end use, can be categorised into:
- Residential
- Commercial
The regional markets for the product include:
- Saudi Arabia
- United Arab Emirates
- Bahrain
- Kuwait
- Iraq
- Algeria
- Egypt
- Libya
- Morocco
- Others
Market Trends
The growth of the cement industry in MENA can be ascribed to various efforts aimed at reducing carbon footprints emitted during the manufacturing process in the cement industry. Countries like Egypt and Saudi Arabia are significantly contributing to the market growth owing to the increasing factory setups and production capacity.
Moreover, various projects undertaken by organisations like United Nations Industrial Development Organisation (UNIDO) to improve energy efficiency in the cement industry in the Middle East is invigorating the growth of the market. The initiation of major construction projects in countries like Saudi Arabia, such as the development of NEOM city and the 2022 Qatar World Cup, are projected to drive the growth of the regional market during the forecast period.
Key Market Players
The major players in the market are CEMEX S.A.B. de C.V., Dangote Cement Plc., InterCement, HeidelbergCement AG, and CNBM International Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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