According to the report, the Middle East concrete market reached a volume of approximately 1144.8 MMT in 2022. Aided by the accelerating demand for infrastructure development and the growing applications of concrete in several end uses, the market is projected to further grow at a CAGR of 4% between 2023 and 2028 to reach a value of 1386.14 MMT by 2028.
Concrete, a composite material consisting primarily of aggregate, cement, and water, is a key component in the construction of infrastructure. It provides the foundation for roads, bridges, buildings, and other structures due to its strength, durability, and versatility. Concrete also exhibits excellent resistance to water, fire, wind, and earthquakes, making it a highly preferred material in construction activities across sectors.
The Middle East concrete market growth is primarily fuelled by the robust demand for infrastructural development across the region. Several Middle Eastern countries, including the UAE, Saudi Arabia, and Qatar, are witnessing substantial investments in infrastructural projects, driven by the rapid urbanisation, population growth, and economic diversification initiatives by the governments. These factors have led to a surge in construction activities, consequently boosting the demand for concrete.
In addition, the rising trend of sustainable construction has further contributed to the increasing popularity of concrete, thus boosting the Middle East concrete market expansion. With the growing awareness of the environmental impact of construction materials, there has been a significant shift towards eco-friendly alternatives. Concrete, being a locally available and recyclable material, is considered a sustainable option, thereby amplifying its demand.
The expanding applications of concrete in various sectors also play a crucial role in propelling the Middle East concrete market development. In the construction sector, concrete is used for constructing buildings, bridges, roads, and dams due to its strength and durability. It also finds applications in the manufacturing of precast structures, decorative items, and in landscaping. Moreover, technological advancements have led to the development of various types of concrete, such as high-performance concrete, self-compacting concrete, and green concrete, further broadening its range of applications.
Furthermore, the growing demand for high-rise buildings and mega infrastructure projects in the Middle East has necessitated the use of concrete owing to its ability to withstand high pressure and harsh weather conditions. The ongoing construction of mega-projects, such as NEOM city in Saudi Arabia and the expansion of airports in the UAE, is set to continue propelling the Middle East concrete market.
These high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
The analyst always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Concrete, a composite material consisting primarily of aggregate, cement, and water, is a key component in the construction of infrastructure. It provides the foundation for roads, bridges, buildings, and other structures due to its strength, durability, and versatility. Concrete also exhibits excellent resistance to water, fire, wind, and earthquakes, making it a highly preferred material in construction activities across sectors.
The Middle East concrete market growth is primarily fuelled by the robust demand for infrastructural development across the region. Several Middle Eastern countries, including the UAE, Saudi Arabia, and Qatar, are witnessing substantial investments in infrastructural projects, driven by the rapid urbanisation, population growth, and economic diversification initiatives by the governments. These factors have led to a surge in construction activities, consequently boosting the demand for concrete.
In addition, the rising trend of sustainable construction has further contributed to the increasing popularity of concrete, thus boosting the Middle East concrete market expansion. With the growing awareness of the environmental impact of construction materials, there has been a significant shift towards eco-friendly alternatives. Concrete, being a locally available and recyclable material, is considered a sustainable option, thereby amplifying its demand.
The expanding applications of concrete in various sectors also play a crucial role in propelling the Middle East concrete market development. In the construction sector, concrete is used for constructing buildings, bridges, roads, and dams due to its strength and durability. It also finds applications in the manufacturing of precast structures, decorative items, and in landscaping. Moreover, technological advancements have led to the development of various types of concrete, such as high-performance concrete, self-compacting concrete, and green concrete, further broadening its range of applications.
Furthermore, the growing demand for high-rise buildings and mega infrastructure projects in the Middle East has necessitated the use of concrete owing to its ability to withstand high pressure and harsh weather conditions. The ongoing construction of mega-projects, such as NEOM city in Saudi Arabia and the expansion of airports in the UAE, is set to continue propelling the Middle East concrete market.
Market Segmentation
The market can be divided based on type, application, end use, and country.Market Breakup by Type
- Ready-Mix Concrete
- Transit Mix Concrete
- Central Mix Concrete
- Shrink Mix Concrete
- Precast Product
- Paving Stones and Slabs
- Bricks
- AAC Blocks
- Others
- Pre-Cast Elements
- Façade
- Floor
- Building Blocks
- Pipe
- Others
Market Breakup by Application
- Reinforced Concrete
- Non-Reinforced Concrete
Market Breakup by End Use
- Roads and Highways
- Tunnels
- Residential Buildings
- Dams and Power Plants
- Mining
- Others
Market Breakup by Country
- Saudi Arabia
- Qatar
- Oman
- Yemen
- Others
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the Middle East concrete companies.Some of the major key players explored in the report are as follows:
- Holcim Group
- CEMEX S.A.B. de C.V.
- Alian Industry Company
- Sharqmix - Al Sharq Ready-Mix Concrete
- Bina Ready-Mix Concrete Products
- Al Kifah Ready-mix & Blocks
- Gulf Precast Concrete Co.LLC
- Al Fahd Company
- Others
About the Analyst
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.These high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
The analyst always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions6 Market Snapshot7 Opportunities and Challenges in the Market12 Key Trends and Developments in the Market
3 Report Description
5 Executive Summary
8 Middle East Concrete Market Analysis
9 Regional Analysis
10 Market Dynamics
11 Competitive Landscape
List of Key Figures and Tables
Companies Mentioned
- Holcim Group
- CEMEX S.A.B. de C.V.
- Alian Industry Company S.A.qmix – Al Sharq Ready-Mix Concrete
- Bina Ready-Mix Concrete Products
- Al Kifah Ready-mix & Blocks
- Gulf Precast Concrete Co.LLC
- Al Fahd Company
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 174 |
| Published | October 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value in 2023 | 1144.8 MMT |
| Forecasted Market Value by 2028 | 1386.14 MMT |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | Middle East |
| No. of Companies Mentioned | 7 |
