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Middle East Concrete Market Share, Size, Growth, Analysis, Trends, Forecast: By Type: Ready-Mix Concrete, Precast Product, Pre-Cast Elements; By Application: Reinforced Concrete, Non-Reinforced Concrete; By End Use: Roads and Highways, Tunnels, Residential Buildings, Others; Regional Analysis; Competitive Landscape; 2023-2028
Middle East Concrete Market Outlook
The Middle East concrete market size reached a volume of approximately 1144.8 MMT in 2022. The market is expected to grow at a CAGR of 3.90% between 2023 and 2028, reaching a volume of around 1443.18 MMT by 2028.
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Key Trends in the Market
Concrete is a structural material used in construction that is made up of aggregate, or hard, chemically inert particles (often sand and gravel), which are bound by cement and water. Concrete is the most often used building material due to its versatility in applications for various structural forms because of its flexibility in shape.
- Construction and general development infrastructure projects consume enormous volumes of concrete output. Increasing investments in these sectors are likely to create lucrative opportunities for Middle East concrete market during the forecast period.
- Due to the versatile nature of concrete, it is used in various construction applications. In the upcoming years, increasing population, rising number of tourists, surging demand for affordable housing, and the development of new cities are expected to substantially drive the demand for the Middle East concrete market.
- Another significant factor fuelling the expansion in this market is increased investment in the transportation. In the upcoming years, it is anticipated that the construction of new railway networks, seaports, and airports will likely increase demand for concrete in the region.
Middle East Concrete Market Analysis
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Based on type, the market is divided into ready-mix concrete, precast product, and pre-cast elements. Ready-mix concrete is further divided into transit mix concrete, central mix concrete, and shrink mix concrete, while precast product is sub-divided into paving stones and slabs, bricks, and AAC blocks, among others. Pre-cast elements is sub-divided into façade, floor, building blocks, and pipe, among others. The Middle East concrete market on the basis of application is segmented into reinforced concrete and non-reinforced concrete. The market on the basis of end use is categorised into roads and highways, tunnels, residential buildings, dams and power plants, and mining, among others. The major countries in the concrete market in the Middle East are Saudi Arabia, Qatar, Oman, and Yemen, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model, along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Middle East concrete market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- 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
Market Share by Type
The ready-mix concrete type is anticipated to be one of the leading segments in the Middle East concrete market due to its ease of usage. Unlike other types of concrete, that need to be mixed on-site, ready-mix concrete comes pre-mixed, in the precise proportions needed. It comprises of cement and other materials that form an aggregate which can then be activated upon mixing with water as needed. Ready-mix concrete is frequently utilised when there is not enough room for mixing plants and aggregate stockpiles. They are also used for modest building projects where smaller quantities of concrete can suffice, and extensive stockpiles are unnecessary. As more infrastructure projects are undertaken where there may not be enough space for mixing concrete, the need for ready-mixed concrete is expected to rise further.
Market Share by End Use
The residential buildings end use of concrete is expected to account for a sizable share of the Middle East concrete market. There has been a significant influx of private and government-led investments in the housing sector, particularly in emerging economies. Apart from new constructions, concrete is also used in remodelling of older residential buildings, increasing its end use in the sector. Over the forecast period, it is anticipated that rising middle-class population growth will increase demand for affordable homes, driving up product demand. Concrete is increasingly being used in residential buildings as it is able to absorb heat and release it in a slow manner, helping maintain the coolness of buildings.
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Competitive Landscape
Holcim Group, with its headquarters in Zug, Switzerland, is a world leader in cutting-edge and environmentally-friendly building solutions. Founded in 2015, the company manufactures and sells ready-mix concrete, asphalt, cement, aggregates, and related services and products. Its products are employed in a variety of undertakings and uses, such as the building of infrastructure initiatives like tunnels, airports, ports, bridges, data centres, roadways, and stadiums.
CEMEX S.A.B. de C.V., established in 1906 with headquarters in San Pedro, Mexico, is a top provider of heavy building materials with vertical integration. Its four primary operations are cement, ready-mix concrete, aggregates, and urbanisation solutions. The company produces, distributes, and markets cement, ready-mix concrete, aggregates, and other associated building products. By offering market-leading products and solutions to meet the demands of customers throughout the world in the construction sector, CEMEX is committed to generating sustainable value.
Gulf Precast Concrete Co. LLC is a pioneer in precast production which was founded in 1984 and has its headquarters in Abu Dhabi in the United Arab Emirates. It offers an extensive selection of precast products, possesses major contractual licences, and steadily grows its market share. The company also has extensive experience in structural design for complete building systems, redesigning conventional structures, manufacturing precast and prestressed concrete, GRC, and GRP components, and doing site construction and turnkey projects.
Other market players include Alian Industry Company, Sharqmix – Al Sharq Ready-Mix Concrete, Bina Ready-Mix Concrete Products, Al Kifah Ready-mix & Blocks, and Al Fahd Company, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Application |
|
| Breakup by End Use |
|
| Breakup by Region |
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| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Middle East Concrete Market Analysis
8.1 Key Industry Highlights
8.2 Middle East Concrete Historical Market (2018-2022)
8.3 Middle East Concrete Market Forecast (2023-2028)
8.4 Middle East Concrete Market by Type
8.4.1 Ready-Mix Concrete
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.1.4 Breakup by Type
8.4.1.4.1 Transit Mix Concrete
8.4.1.4.2 Central Mix Concrete
8.4.1.4.3 Shrink Mix Concrete
8.4.2 Precast Product
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.2.4 Breakup by Type
8.4.2.4.1 Paving Stones and Slabs
8.4.2.4.2 Bricks
8.4.2.4.3 AAC Blocks
8.4.2.4.4 Others
8.4.3 Pre-Cast Elements
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.3.4 Breakup by Type
8.4.3.4.1 Facade
8.4.3.4.2 Floor
8.4.3.4.3 Building Blocks
8.4.3.4.4 Pipe
8.4.3.4.5 Others
8.5 Middle East Concrete Market by Application
8.5.1 Reinforced Concrete
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Non-Reinforced Concrete
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Middle East Concrete Market by End Use
8.6.1 Roads and Highways
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Tunnels
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Residential Buildings
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Dams and Power Plants
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Mining
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Others
8.7 Middle East Concrete Market by Country
8.7.1 Market Share
8.7.1.1 Saudi Arabia
8.7.1.2 Qatar
8.7.1.3 Oman
8.7.1.4 Yemen
8.7.1.5 Others
9 Regional Analysis
9.1 Saudi Arabia
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Qatar
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.3 Oman
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.4 Yemen
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key indicators for Demand
10.4 Key indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Holcim Group
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 CEMEX S.A.B. de C.V.
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Alian Industry Company
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Sharqmix – Al Sharq Ready-Mix Concrete
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Bina Ready-Mix Concrete Products
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Al Kifah Ready-mix & Blocks
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 Gulf Precast Concrete Co.LLC
11.2.7.1 Company Overview
11.2.7.2 Product Portfolio
11.2.7.3 Demographic Reach and Achievements
11.2.7.4 Certifications
11.2.8 Al Fahd Company
11.2.8.1 Company Overview
11.2.8.2 Product Portfolio
11.2.8.3 Demographic Reach and Achievements
11.2.8.4 Certifications
11.2.9 Others
12 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Middle East Concrete Market: Key industry Highlights, 2018 and 2028
2. Middle East Concrete Historical Market: Breakup by Type (USD Million), 2018-2022
3. Middle East Concrete Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Middle East Concrete Historical Market: Breakup by Application (USD Million), 2018-2022
5. Middle East Concrete Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Middle East Concrete Historical Market: Breakup by End Use (USD Million), 2018-2022
7. Middle East Concrete Market Forecast: Breakup by End Use (USD Million), 2023-2028
8. Middle East Concrete Historical Market: Breakup by Country (USD Million), 2018-2022
9. Middle East Concrete Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Middle East Concrete Market Structure
Key Questions Answered in the Report
In 2022, the Middle East market for concrete attained a volume of approximately 1144.8 MMT.
The market is projected to grow at a CAGR of 3.90% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach a volume of 1443.18 MMT by 2028.
The major drivers of the market include the rise in population, increased numbers of tourists, growing demand for affordable housing, development of new cities, and greater investment in the transportation sector.
The development of infrastructure projects along with the construction of new railway networks, seaports, and airports are the key trends propelling the growth of the market.
The end uses of concrete in the market are roads and highways, tunnels, residential buildings, dams and power plants, and mining, among others.
Concrete is used in the construction of buildings to provide strength, durability, and versatility. Concrete is a reliable and durable material option for both commercial and residential projects because of its notable characteristics.
The notional cement-to-sand-to-aggregate-to-water ratio of M20 grade concrete is 1:1.5:3, with the water-cement ratio being kept within the range of 0.4 and 0.6. Sand (fine aggregates), cement, and coarse aggregate are the main ingredients.
Portland cement (10–15%) and water (15–20%) are combined to form a paste, which is mixed with aggregates (65–75%) like crushed stone or sand and gravel to produce concrete. The cement and water work together to bond and harden the aggregates into a rock-like solid mass.
The major players in the Middle East concrete market are 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, and Al Fahd Company, among others.
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