DUBLIN--(BUSINESS WIRE)--The "United Arab Emirates 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" report has been added to ResearchAndMarkets.com's offering.
The cement industry in United Arab Emirates is expected to grow by 3.2% on an annual basis to reach US$ 1.84 billion in 2024.
The cement industry in the Emirates is poised to record strong growth over the medium term. The higher spending on infrastructure and residential projects is expected to drive cement consumption over the next three to four years. As a result, global firms are also eyeing to strengthen their position in the Emirati market in 2024. UltraTech Cement, for instance, announced that the firm is seeking to further increase its stake in UAE-based RAK White Cement Company in May 2024.
Domestic cement manufacturers, on the other hand, are collaborating with global firms to enhance their decarbonization efforts. Emirates Steel Arkan (ESA), the UAE-based manufacturer of steel and building materials, entered into a strategic partnership with Finnish firm Magsort in February 2024. This collaboration aims to implement an innovative initiative at ESA's Al Ain Cement Factory. Overall, the publisher maintains a positive growth outlook for the cement industry in the Emirates over the next three to four years.
UltraTech Cement seeks to strengthen its position through an additional stake in UAE-based cement producer
The cement consumption is expected to increase significantly across the Middle East region over the medium term. With large infrastructure spending in markets like the Emirates and the Kingdom, the demand is poised to rise substantially over the next three to four years. To tap into the growing market, global firms like UltraTech Cement are planning to strengthen their position in the Emirati nation.
- UltraTech Cement, one of the leading India-based cement manufacturers, announced that the firm is seeking to further increase its stake in UAE-based RAK White Cement Company in May 2024. The initiative is part of the firm's strategy to diversify its geographical presence and product offerings. The acquisition will not just strengthen the firm's position in the Emirates but will also enable it to enhance its export capabilities to other neighboring regions.
- In addition to this, the collaboration of the two firms is also expected to drive technological innovation. Through the integration of manufacturing techniques and sustainable practices, the two firms are targeting to develop superior white cement, which also adheres to environmental standards.
Emirates Steel Arkan enters into a strategic collaboration with Finnish decarbonization firm Magsort
Emirates Steel Arkan (ESA), the UAE-based manufacturer of steel and building materials, entered into a strategic partnership with Finnish firm Magsort in February 2024. This collaboration aims to implement an innovative initiative at ESA's Al Ain Cement Factory.
- The partnership was revealed at the Cemtech Middle East & Africa Conference 2024 in Dubai, following ESA's commitment to the COP28 objectives and the UAE's Long-Term Strategy (LTS) for achieving Net Zero emissions by 2,050. This strategic deal positions ESA's cement operations as a leader in sustainability, aligning perfectly with the Group's decarbonization goals and paving the way for green cement production.
- The collaboration will see the introduction of Magsort's proprietary solutions at the Al Ain Cement plant in a large-scale industrial pilot project. This initiative aims to reduce the plant's CO2 emissions by up to 15% by processing steel slag, thereby decreasing the need for limestone and fuel.
Higher spending on infrastructure projects to drive cement consumption across the Emirates in 2024
The consistent spending on various infrastructure projects has been the major growth driver of the construction market in the Emirates. This trend is poised to continue further over the medium term, with Abu Dhabi announcing a spending of US$18 billion or Dh 66 billion on 144 infrastructure projects, including housing, education, and tourism.
- Of this, more than Dh 59 billion will spent on housing and public facilities construction in the Emirate. Nearly 13,000 homes are planned to be built in Abu Dhabi, Al Ain, and Al Dhafra. Nearly Dh 4 billion has been allocated towards education and human capital projects. This also includes funding for renovations and expansion of school and training facilities. Over Dh 1.1 billion has been made available for tourism development in the Emirates.
- Alongside the infrastructure spending, the residential construction market is also expected to aid the cement demand in 2024. Several new projects have been launched in Q1 2024, and the trend is poised to continue further in the Emirates. The Crown Prince of Abu Dhabi, Sheikh Khaled bin Mohamed, has given the go-ahead for the Yas Canal project at Al Raha Beach. The US$953 million worth of construction project will offer 1,146 villas for citizens. The project is slated for completion in Q4 2027.
The spending on these different infrastructure projects is expected to drive the cement demand over the medium across the Emirates. Consequently, the publisher expects healthy growth for the cement industry over the next three to four years in the United Arab Emirates.
The medium to long term growth story in country remains intact. The cement industry in country is expected to grow steadily over the next four quarters. The growth momentum is expected to continue over the forecast period, recording a CAGR of 3.3% during 2024-2028. The cement output in the country is expected to increase from US$ 1.78 billion in 2023 to reach US$ 2.09 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 United Arab Emirates, 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.
Report 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.
In addition, it also provides market size of the cement products and its demand analysis in United Arab Emirates. With over 50+ KPIs at the country level, this report provides comprehensive understanding of market dynamics at a more granular level.
United Arab Emirates Cement Outlook: 10-year market size & forecast in value and volume
United Arab Emirates Cement Outlook by product type: 10-year market size & forecast in value and volume
- Portland cement
- Blended Cement
- Portland Cement
- Specialty Cement
- Green Cement
United Arab Emirates 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
United Arab Emirates Cement Market by type of Specialty Cement, 2019-2028
- Rapid Hardening Cement
- High Alumina Cement
- White Cement
- Sulphate Resistant Cement
- Others
United Arab Emirates Cement Market by Key Markets, 2019-2028
- Residential Buildings
- Non-Residential Buildings
- Infrastructure & Other Markets
United Arab Emirates Cement Market by Distribution Channel, 2019-2028
- Direct Channel
- Indirect Channel
United Arab Emirates Cement Market by End-User, 2019-2028
- Ready-Mix Concrete Producers
- Consumers
- Concrete Product Manufacturers
- Other End Users
United Arab Emirates Cement Market Share by Key Players, 2023
United Arab Emirates Cement Market Top Import Destinations, 2023
United Arab Emirates Cement Market Top Export Destinations, 2023
For more information about this report visit https://www.researchandmarkets.com/r/bikpgz
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