ResearchAndMarkets.com has released a new report titled “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.” The report indicates that the UAE cement market is projected to grow by 3.2% annually, reaching approximately $1.84 billion in 2024.
The cement industry in the UAE is expected to experience strong growth in the medium term, fueled by increased infrastructure and residential project investments. This growth trend is attracting global firms looking to expand their presence in the Emirati market. Notably, UltraTech Cement has announced plans to increase its stake in RAK White Cement Company in May 2024.
Additionally, domestic manufacturers are partnering with international firms to boost decarbonization efforts. For instance, Emirates Steel Arkan (ESA) entered a strategic collaboration with Finnish firm Magsort in February 2024, aimed at implementing innovative solutions at ESA’s Al Ain Cement Factory. This partnership supports ESA’s commitment to sustainability and aligns with the UAE’s long-term goal of achieving net-zero emissions by 2050.
Key Growth Drivers
The UAE’s robust infrastructure spending is expected to significantly boost cement consumption. Abu Dhabi has allocated $18 billion (or Dh 66 billion) for 144 infrastructure projects, including housing, education, and tourism. Among these investments, over Dh 59 billion is earmarked for housing and public facilities, with plans for nearly 13,000 new homes in Abu Dhabi, Al Ain, and Al Dhafra.
Moreover, the residential construction market is anticipated to contribute to increased cement demand. Notable projects include the Yas Canal project at Al Raha Beach, valued at $953 million, which will provide 1,146 villas for citizens and is set for completion in Q4 2027.
Future Outlook
The UAE cement market is expected to maintain steady growth, with projections indicating a CAGR of 3.3% from 2024 to 2028. Cement output is anticipated to rise from $1.78 billion in 2023 to $2.09 billion by 2028.
This report offers an in-depth analysis of market opportunities in the cement industry, featuring over 50 KPIs related to construction markets, distribution channels, end-users, and products within the UAE. Key insights include:
- Cement Market Dynamics: Comprehensive analysis of size, structure, and opportunities in various end-user segments.
- Distribution Channel Analysis: In-depth review of cement distribution channels by product at the country level.
- Product Demand Analysis: Evaluation of demand across key segments, including Portland Cement, Blended Cement, Specialty Cement, and Green Cement.
Report Scope
The databook provides a detailed data-centric analysis of the cement industry, focusing on market opportunities and dynamics by product type and end-user. It also includes forecasts for market size and demand analysis for cement products in the UAE, with insights into market trends and dynamics.
For further details on this report, visit ResearchAndMarkets.com.
