According to the publisher, 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 2023.
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 2023-2027. The cement output in the country is expected to increase from US$ 1.78 billion in 2022 to reach US$ 2.09 billion by 2027.
The growing investment toward the development of infrastructure is driving cement consumption in the United Arab Emirates. Even the hospitality sector has increased its investment in the Emirati nation to increase the supply of hotel rooms, as the country continues to diversify its economy from oil and gas to travel and tourism. This will further drive cement consumption in the Emirates over the next five years.
Cement makers are expected to benefit from the macroeconomic environment, as cement prices are projected to further increase over the next 12 months. In 2023, cement manufacturers are also projected to shift towards the usage of alternative fuels in their operations, as the Emirati nation aims to reduce harmful emissions. Overall, the outlook for the cement industry remains strong over the next three to four years.
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.
In addition, it also provides market size and forecast of the cement products sub-segment and its demand analysis in United Arab Emirates. With over 30+ KPIs at the country level, this report provides comprehensive understanding of market dynamics at a more granular level.
In detail Segmentation of Cement Product Analysis: Market size and forecast by products, end-user, distribution channel, and construction markets.
Develop Market-Specific Strategies: Identify growth segments and target specific opportunities to formulate your strategy; assess market-specific key trends, drivers, and risks in the cement industry in United Arab Emirates.
Comparable Data: Get detailed and comparable data for the cement market size.
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 2023-2027. The cement output in the country is expected to increase from US$ 1.78 billion in 2022 to reach US$ 2.09 billion by 2027.
The growing investment toward the development of infrastructure is driving cement consumption in the United Arab Emirates. Even the hospitality sector has increased its investment in the Emirati nation to increase the supply of hotel rooms, as the country continues to diversify its economy from oil and gas to travel and tourism. This will further drive cement consumption in the Emirates over the next five years.
Cement makers are expected to benefit from the macroeconomic environment, as cement prices are projected to further increase over the next 12 months. In 2023, cement manufacturers are also projected to shift towards the usage of alternative fuels in their operations, as the Emirati nation aims to reduce harmful emissions. Overall, the outlook for the cement industry remains strong over the next three to four years.
Cement manufacturers have reported strong growth in the bottom line owing to price rise in 2022
Construction material costs, including the prices of cement, increased significantly in 2022 due to various macroeconomic factors. The resultant price rise has had a positive impact on the bottom line of cement manufacturers in the Emirati nation.- Apex Investment Company, the cement manufacturer in the UAE, reported more than US$51 million or AED 187.19 million in profits in 2022. During the 12 months, the firm, formerly known as Ras Al Khaimah Cement (RAK Cement), reported a revenue of AED 820.29 million, up from AED 166.74 million. Higher demand for cement, coupled with the surge in prices, has led to the significant growth achieved by the firm in its bottom line.
- In April 2022, RAK Cement also raised an investment of US$101.1 million from UltraTech Cement Middle East Investments. As part of the investment, UltraTech Cement has acquired a 29.39% stake in RAK Cement.
Four cement manufacturers have committed to partially use alternative fuels in their manufacturing operations
As part of their efforts to reduce carbon emissions and move toward their goal of achieving net zero goals, the Ministry of Climate Change and Environment and Emirates RDF entered into an agreement with four cement manufacturers in the Emirati nation.- Fujairah Cement Industries, JSW Cement, Lafarge Emirates, and Star Cement signed memoranda of understanding (MoUs) with the ministry in October 2022. In the United Arab Emirates, the ministry is encouraging cement manufacturers to meet 10% of their total energy needs from alternative fuels. This is part of their strategy to implement integrated waste management and reduce carbon emissions.
Firms are entering into acquisition deals to ensure raw material availability in the United Arab Emirates
To further strengthen their position in the Middle East market and to capitalize on the growing demand for cement, firms are entering into mergers and acquisition deals in the region. For instance,- In January 2023, UltraTech Cement Middle East Investments, the subsidiary of UltraTech Cement based in India, announced that the firm had entered into an acquisition deal to buyout 70% of the equity shares in Duqm Cement Project International, a firm based in Oman. The cost of the acquisition is US$2.25 million and is part of UltraTech Cement’s strategy to ensure raw material security. The acquisition of Duqm Cement Project International is projected to complete within 90 days from the date of the share sale and purchase agreement.
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 industry a in the country
- Distribution Channel: Provides an in-depth analysis of distribution channel across products at country level in
- Cement Products: Provides demand analysis of market by 4 key products. Portland Cement, Blended Cement, Specialty Cement, and Green Cement. This segment also includes in depth analysis of further sub-segments of cement product types.
Scope
This report 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 and forecast of the cement products sub-segment and its demand analysis in United Arab Emirates. With over 30+ KPIs at the country level, this report provides comprehensive understanding of market dynamics at a more granular level.
United Arab Emirates by Cement Markets, 2018-2027
- Residential Buildings
- Non-Residential Buildings
- Infrastructure & Other Markets
United Arab Emirates by Cement End-User, 2018-2027
- Ready-Mix Concrete Producers
- Consumers
- Concrete Product Manufacturers
- Other End Users
United Arab Emirates by Distribution Channel, 2018-2027
- Direct Channel
- Indirect Channel
United Arab Emirates by Cement Product, 2018-2027
- Portland cement
- Blended Cement
- Type IS (X), Portland-Slag Cement
- Type IP (X), Portland-Pozzolan Cement
- Type IL (X), Portland-Limestone Cement
- Type IT, Ternary Blended Cement
- Specialty Cement
- Rapid Hardening Cement
- High Alumina Cement
- White Cement
- Sulphate Resistant Cement
- Others
- Green Cement
In detail Segmentation of Cement Product Analysis: Market size and forecast by products, end-user, distribution channel, and construction markets.
Develop Market-Specific Strategies: Identify growth segments and target specific opportunities to formulate your strategy; assess market-specific key trends, drivers, and risks in the cement industry in United Arab Emirates.
Comparable Data: Get detailed and comparable data for the cement market size.
Table of Contents
1. About this Report
2. United Arab Emirates Cement Industry Dynamics and Growth Prospects
3. United Arab Emirates Cement Market Dynamics by type
4. United Arab Emirates Blended Cement Type Demand Analysis and Outlook
5. United Arab Emirates Speciality Cement Type Demand Analysis and Outlook
6. United Arab Emirates Cement Dynamics and Outlook by Distribution Channel
7. United Arab Emirates Cement Dynamics and Outlook by Markets
8. United Arab Emirates Residential Cement Market Dynamics and Outlook
9. United Arab Emirates Non-Residential Cement Market Dynamics and Outlook
10. United Arab Emirates Infrastructure & Other Cement Market Dynamics and Outlook
11. United Arab Emirates Cement Dynamics and Outlook by End-User
12. United Arab Emirates Construction Cement Import and Export Analysis by Countries
List of Figures
List of Tables