GCC Cement Market Size (2024 - 2029)

GCC Cement Market Analysis

The GCC Cement Market size is estimated at 92.51 Million tons in 2024, and is expected to reach 117.17 Million tons by 2029, growing at a CAGR of greater than 4.5% during the forecast period (2024-2029).

The GCC cement market was negatively impacted by the COVID-19 pandemic as the nationwide lockdowns in the region resulted in decreasing demand across the construction industry and the closing of various manufacturing facilities. However, post-pandemic, the market is recovering gradually.

• Over the medium term, the increase in regional residential constructions and growing infrastructural activities drive the market's growth.
• On the flip side, government regulations on carbon emissions from cement manufacturing plants are expected to hinder the market's growth.
• However, shifting preference toward green construction will likely act as an opportunity for the market.
• Saudi Arabia dominates the market across the region, with the most substantial consumption from the country's construction industry.

GCC Cement Industry Segmentation

Cement, a crucial building component, is a binding agent that sets and hardens to cling to building units such as stones, bricks, and tiles. It is a fine powdery substance composed primarily of limestone (calcium), sand or clay (silicon), bauxite (aluminum), and iron ore. It may also include shells, chalk, marl, shale, clay, blast furnace slag, and slate.

The GCC cement market is segmented by type, application, and geography. The market is segmented into Portland, blended, and other types (rapid hardening cement, quick setting cement, expansive cement, hydrographic cement, and colored cement). The market is segmented by application into residential, commercial, infrastructure, industrial, and institutional. The report also covers the size and forecasts for the cement market in six regional countries. Market sizing and forecasts were made for each segment based on volume (tons).