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The Middle East concrete market size reached a volume of approximately 1189.45 MMT in 2023. The market is expected to grow at a CAGR of 3.90% between 2024 and 2032, reaching a volume of around 1681.83 MMT by 2032.
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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.
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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.
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.
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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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.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Application |
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Breakup by End Use |
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Breakup by Region |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the Middle East market for concrete attained a volume of approximately 1189.45 MMT.
The market is projected to grow at a CAGR of 3.90% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a volume of 1681.83 MMT by 2032.
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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