MENA Cement Market Report and Forecast 2024-2032

MENA Cement Market Report and Forecast 2024-2032

MENA Cement Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the MENA cement market is projected to grow at a CAGR of 5.5% between 2024 and 2032. Aided by the surging infrastructural developments and the revival of economic stability in key MENA nations, the market is expected to grow significantly by 2032.

Cement, primarily composed of limestone and clay, is a fundamental ingredient in the construction industry. It serves as a binder in concrete, which is vital in building robust infrastructural elements such as roads, buildings, and bridges. The MENA region, with its aggressive urbanisation, infrastructural developments, and a strategic focus on tourism and trade, is heavily reliant on cement for its construction demands.

One of the core drivers for the MENA cement market growth is the increased emphasis on infrastructure and housing projects. Countries like Saudi Arabia, the UAE, and Egypt have undertaken monumental infrastructural projects, such as the NEOM city in Saudi Arabia and the New Administrative Capital in Egypt. Such ventures not only act as a testament to the region's commitment to development but also solidify the pivotal role of cement.

As per the MENA cement market analysis, the region's strategic goal to diversify its economy beyond oil has necessitated significant investments in non-oil sectors. This move towards diversification is palpably seen in the construction of commercial hubs, trade zones, and tourism projects. As a result, the demand for cement, being integral to these projects, has soared.

Simultaneously, the adoption of sustainable building practices in the MENA region is pushing manufacturers to innovate and produce eco-friendly cement varieties and propel the MENA cement market demand. The environmental concerns associated with traditional cement production processes have fostered research into alternative raw materials and energy-efficient methods, adding another dimension to the market's dynamics. Moreover, cement manufacturers in the region are also innovating and aiming for greener production processes, which is expected to further augment the market growth.

The rise in public-private partnerships (PPPs) is one of the crucial MENA cement market trends shaping the market expansion. As governments recognise the benefits of shared risks and expertise, these partnerships have become instrumental in furthering infrastructure projects, indirectly influencing the cement market positively.

Market Segmentation

The market can be divided based on type, end use, and country.

Market Breakup by Type

• Blended
• Portland
• Others

Market Breakup by End Use

• Residential
• Commercial

Market Breakup by Country

• Saudi Arabia
• United Arab Emirates
• Bahrain
• Kuwait
• Iraq
• Algeria
• Egypt
• Libya
• Morocco
• Others.

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the MENA cement market. Some of the major players explored in the report by Expert Market Research are as follows:

• CEMEX S.A.B. de C.V.
• Dangote Cement Plc.
• InterCement
• HeidelbergCement AG
• CNBM International Corporation
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.