Middle East & Africa Cement Industry Market Size & Forecast by Value and Volume Across 50+ Market Segments for Cement Products, Distribution Channel, Market Share, Import - Export, End Markets - Databook Q1 2024 Update

The cement industry in Africa and Middle East region is expected to grow by 3.3% on an annual basis to reach US$ 38.45 billion in 2024.

The African and Middle East cement market is expected to record strong growth over the medium term. The Middle East, however, is poised to lead the regional growth. This is largely due to higher spending on infrastructure projects. Across the Middle East, several infrastructure projects have been announced over the last 12 months and the trend is projected to continue further in 2024.

To tap into the growing cement demand in the Middle East, firms are also investing in the expansion of their production lines. Eastern Province Cement, the Saudi Arabia-based firm, announced that the firm had awarded a production line expansion project to Chinese firm Sinmoa CDI in January 2024. Overall, the publisher maintains a positive growth outlook for the African and Middle East cement industry over the next three to four years.

Saudi Arabia-based cement firms are planning to expand their production capacity in 2024

The Kingdom of Saudi Arabia is poised to maintain its position as a key player in the global and regional cement market over the medium term. Across the Middle East, the demand for cement is projected to increase further over the next three to four years, on the back of increased infrastructure spending and other construction projects. Saudi-based firms are seeking to tap into the growth opportunity by expanding their production capacities.

• Eastern Province Cement, the Saudi Arabia-based firm, announced that the firm had awarded a US$270 million development contract to Chinese firm Sinmoa CDI in January 2024. As part of the agreement, the Chinese firm will develop and build a new production line, thereby expanding the firm's capacity to 10,000 tonnes. To fund the expansion project, Eastern Province Cement secured a US$266 million loan from Banque Saudi Fransi.

Going forward, in 2024, the publisher expects more regional cement manufacturers to invest in their production capacity expansion projects, as the demand for cement products is expected to rise over the medium term. This will aid the broader industry growth, while also driving the competitive landscape in the Middle East cement industry.

China-based Huaxin acquires Brazil-based InterCement’s South African business

To further strengthen its position in the African market, China-based cement producer Huaxin acquired InterCement’s South African business in December 2023. The deal, valued at US$231.6 million, has given Huaxin total control of Natal Portland Cement Company.

• The South African cement firm, notably, has cement plants in Durban, Newcastle, and Port Shepstone. The firm also has concrete plants in the North Coast, South Coast, and Central Durban. The aggregate plants, on the other hand, are located in the South Coast and Durban Highway Area.

With this sale, Brazil-based InterCement has had a complete exit from the African market. The firm, in 2023, already sold its businesses in Mozambique and Egypt. Going forward, in 2024, the publisher expects more such acquisition deals to take place in the African cement industry.

Investment in infrastructure and residential projects to aid cement demand in the Middle East in 2024

Across the Middle East, several infrastructure projects have been announced over the last 12 months and the trend is projected to continue further in 2024. Qatar, for instance, is planning to transform the national infrastructure with Ashghal and Kahramaa - two major government authorities - having announced plans to spend US$19.2 billion on various projects. Abu Dhabi also approved several infrastructure projects worth US$18 billion in Q1 2024. These projects are projected to aid cement consumption over the medium term in the Middle East.

The growth in the residential construction sector, too, is expected to aid cement sales over the medium term. Several new projects have been launched amid the influx of high-net-worth individuals in the region. Aqua Properties, in December 2023, announced two construction projects valued at US$817 million in Dubai over the next six months. The National Housing Company, linked to the Housing Ministry, announced a new project in Jeddah's Western Red Sea port area covering about 3.8 million square meters. These construction projects will also drive cement demand over the medium term in the Middle East.

The medium to long term growth story in region remains intact. The cement industry in region is expected to grow steadily over the next four quarters. The growth momentum is expected to continue over the forecast period, recording a CAGR of 3.2% during 2024-2028. The cement output in the region is expected to increase from US$ 37.22 billion in 2023 to reach US$ 43.60 billion by 2028.

This market intelligence report provides a detailed view of market opportunities in the cement industry. With over 50+ KPIs, covering construction markets, distribution channel, end-user, and products in each country, this databook offering primarily provides data-centric analysis with charts and tables.

• Cement Market Dynamics: Provides a comprehensive data-centric view of size and structure, industry dynamics, and cement opportunities in the various end-user segments.
• Distribution Channel: Provides an in-depth analysis of cement distribution channel across products at country level in value terms.
• Cement Products: Provides demand analysis of market by 4 key segments: Portland Cement, Blended Cement, Specialty Cement, and Green Cement. This segment also includes in depth analysis of further sub-segments of 8 cement product types.

The research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view on emerging business and investment market opportunities.

This title is a bundled offering, combining the following 8 reports (276 tables and 372 charts):

• Regional Report - Middle East and Africa Cement Business and Investment Opportunities (2018-2028) Databook
• Country Report 1 - United Arab Emirates Cement Business and Investment Opportunities (2018-2028) Databook
• Country Report 2 - Saudi Arabia Cement Business and Investment Opportunities (2018-2028) Databook
• Country Report 3 - Egypt Cement Business and Investment Opportunities (2018-2028) Databook
• Country Report 4 - Nigeria Cement Business and Investment Opportunities (2018-2028) Databook
• Country Report 5 - Qatar Cement Business and Investment Opportunities (2018-2028) Databook
• Country Report 6 - South Africa Cement Business and Investment Opportunities (2018-2028) Databook
• Country Report 7 - Kenya Cement Business and Investment Opportunities (2018-2028) Databook
• Country Report 8 - Turkey Cement Business and Investment Opportunities (2018-2028) Databook

Scope

This databook offering provides a detailed data-centric analysis of the cement industry, covering market opportunity, and industry dynamics by cement products and end-user, construction market and distribution channel at country and regional level.

In addition, it also provides market size of the cement products and its demand analysis at regional and country level in Middle East & Africa. With over 50+ KPIs at the country level, this report provides comprehensive understanding of market dynamics at a more granular level.

Each regional and country databook provides the breakdown of the cement market as detailed below:

Cement Outlook: 10-year market size & forecast in value and volume

Cement Outlook by product type: 10-year market size & forecast in value and volume

• Portland cement
• Blended Cement
• Portland Cement
• Specialty Cement
• Green Cement

Cement Market by type of Portland Cement, 2019-2028

• Type IS (X), Portland-Slag Cement
• Type IP (X), Portland-Pozzolan Cement
• Type IL (X), Portland-Limestone Cement
• Type IT, Ternary Blended Cement

Cement Market by type of Specialty Cement, 2019-2028

• Rapid Hardening Cement
• High Alumina Cement
• White Cement
• Sulphate Resistant Cement
• Others

Cement Market by Key Markets, 2019-2028

• Residential Buildings
• Non-Residential Buildings
• Infrastructure & Other Markets

Cement Market by Distribution Channel, 2019-2028

• Direct Channel
• Indirect Channel

Cement Market by End-User, 2019-2028

• Ready-Mix Concrete Producers
• Consumers
• Concrete Product Manufacturers
• Other End Users

Cement Market Share by Key Players, 2023

Cement Market Top Import Destinations, 2023

Cement Market Top Export Destinations, 2023

Reasons to buy

With over 50+ KPIs at the country and regional level, this report provides comprehensive understanding of market dynamics at a more granular level.

• Provide In-depth Understanding of Cement Market Dynamics: Market opportunity, industry dynamics, key trends, restraints and drivers across 50+ market segments.
• In Detail Segmentation of Cement Product Analysis: This report provides demand analysis for four segments of the cement market (Portland, Blended, Specialty, Green) covering 8 cement products, end-users (residential, non-residential, infrastructure), and distribution channels.
• Develop Market-Specific Strategies: Identify growth segments and target specific opportunities to formulate your strategy; assess market-specific key trends, drivers, and risks in the cement industry.
• Market Share Analysis: Understand the competitive landscape by identifying key players and their market share.
• Import & Export Data: Gain insights into cement trade by knowing the top import and export destinations.