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MENA Cement Market to Grow at a CAGR of 5.5% During 2022-2027, Aided by the Efforts to Reduce Carbon Emissions from Cement Manufacturing

According to a new report by EMR titled, ‘MENA Egg Powder Market Report and Forecast 2022-2027’, the MENA cement market attained a volume of about 679.34 MMT in 2021. The market is further expected to grow at a CAGR of 5.5% during the forecast period of 2022-2027 to reach nearly 936.7 MMT by 2027.

The growth in the MENA market for cement can be ascribed to the rise in residential and commercial constructions in recent years as a result of robust urbanisation and industrialisation. The growth of the market can further be associated with the development of energy-efficient technologies to reduce carbon emissions from the manufacturing process. Projects undertaken by organisations like United Nations Industrial Development Organization (UNIDO) to improve energy efficiency in the cement industry in the Middle East have been promoting the growth of the market. Regions like Egypt, Iran, and Saudi Arabia of the MENA region represent a significant share in the world’s cement manufacturers, and the market dominance of leading players engaging in international imports and exports are additional factors providing impetus to the growth of the market.

Lafarge Egypt, a member of the Holicom Group, recently held a press conference titled “Cement Industry and Sustainable Development” in November 2021. The conference was held in cooperation with Dcode Economic & Financial Consulting (EFC) with the aim of ensuring Lafarge Egypt’s endeavours to reinforce environmental sustainability and prevent climate change aligning with Egypt Vision 2030. The conference addressed that the private sector plays a pivotal role in shaping the low carbon future by investing in research and development (R&D) utilising recycled materials and adopting renewable energy sources. Such developments by leading market players are expanding the growth of the market.

Market Analysis by Type, End-Use, and Region:

  • The market, on the basis of type, can be divided into blended and portland, among others.
  • Based on end-use, the market can be categorised into residential and commercial.
  • The major regional markets for the cement industry in MENA include Saudi Arabia, United Arab Emirates, Bahrain, Kuwait, Iraq, Algeria, Egypt, Libya, and Morocco, among others.

Key Findings of the Report:

  • The market growth can be associated with the rise in commercial construction projects such as offices and buildings for tourism owing to robust industrialisation in the region.
  • Rising disposable incomes and changing lifestyles are augmenting residential construction and re-construction projects and hence propelling the market growth of cement in the region.
  • The regional market remained negatively impacted during the lockdowns imposed as a result of the COVID-19 pandemic, which hampered several manufacturing and construction projects.
  • The introduction of various initiatives targeted at the improvement of energy efficiency in the manufacturing process of cement is pushing the growth of the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the cement industry in the MENA region for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) markets for types, end-uses, and major countries.
  • The market report also analyses the trade data by covering the major importing and exporting countries.
  • The report analyses market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter’s Five Forces Model.

The major players in the MENA cement market are CEMEX S.A.B. de C.V., Dangote Cement Plc., InterCement, HeidelbergCement AG, and CNBM International Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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

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