Middle East Concrete Market Introduction and Overview
According to SPER Market Research, the Middle East Concrete Market is estimated to reach USD 44.00 billion by 2033 with a CAGR of 3.43%.
The report includes an in-depth analysis of the Middle East Concrete Market, including market size and trends, product mix, distribution channels, and supplier analysis. Concrete is a structural material that is used in building and is composed of aggregate, or hard, chemically inert particles (often sand and gravel), which are joined by cement and water. Due to its adaptability in uses for different structural forms and its flexibility in shape, concrete is the most often used building material.
- Massive amounts of concrete are used in infrastructure projects related to construction and general development. During the projected period, rising investments in these industries are likely to provide up attractive prospects for the Middle East concrete market.
Market Opportunities and Challenges
The Middle East concrete market offers a promising mix of opportunities and challenges. With the region's fast urbanization and infrastructural development, there is a growing need for concrete products and services. Governments in countries such as the United Arab Emirates, Saudi Arabia, and Qatar are actively investing in construction projects such as high-rise buildings, airports, and transit networks. This increase in construction activity creates enormous market potential for concrete suppliers, manufacturers, and construction firms to meet this need.
However, the Middle East concrete market faces a number of challenges. The harsh temperature conditions prevalent in many Middle Eastern nations, which can impact the quality and durability of concrete constructions, are one of the key hurdles. If not managed effectively, high temperatures and low humidity levels can expedite the curing process, resulting in cracking and compromised structural integrity. Furthermore, the region's reliance on imported raw materials, such as cement and aggregates, can result in supply chain instabilities and price swings.
Market Competitive Landscape
Al Kifah Ready-mix & Blocks, Holcim Group, CEMEX S.A.B. de C.V., Alian Industry Company, Bina Ready-Mix Concrete Products, Al Kifah Ready-mix & Blocks, Gulf Precast Concrete Co. LLC, Al Fahd Company, these are the some market key players.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Offering, By Logistics, By Application
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| Regions covered | Saudi Arabia, Qatar, Oman, Yemen, Others
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| Companies Covered | Al Kifah Ready-mix & Blocks, Holcim Group, CEMEX S.A.B. de C.V., Alian Industry Company, Bina Ready-Mix Concrete Products, Al Kifah Ready-mix & Blocks, Gulf Precast Concrete Co. LLC, Al Fahd Company, Others.
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COVID-19 Impact on Middle East Concrete Market
The pandemic of COVID-19 has had significant impact on the Middle East concrete business. During the early phases of the outbreak, the region's construction industry was disrupted as lockdowns and travel restrictions slowed or temporarily halted different construction projects. To prevent the spread of the virus, several construction sites had to follow tight safety standards and limit their staff, resulting in delays and increased project costs.
Key Target Audience
- Construction Companies
- Architects and Engineers
- Real Estate Developers
- Infrastructure and Transport Sector
- Building Material Distributors
- Research and Development Institutions
Our in-depth analysis of the Middle East Concrete Market includes the following segments:
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By Type:
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Ready-Mix Concrete
Precast Product
Pre-cast Elements
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By Application:
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Reinforced Concrete
Non-Reinforced Concrete
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By End User:
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Roads and Highways
Tunnels
Residential Buildings
Dams and Power Plants
Mining
Others
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Key Topics Covered in the Report
- Middle East Concrete Market Size (FY’2023-FY’2033)
- Overview of Middle East Concrete Market
- Segmentation of Middle East Concrete Market By Type (Ready-Mix Concrete, Precast Product, Pre-cast Elements)
- Segmentation of Middle East Concrete Market By Application (Reinforced Concrete, Non-Reinforced Concrete)
- Segmentation of Middle East Concrete Market By End User (Saudi Arabia, Qatar, Oman, Yemen, Others)
- Statistical Snap of Middle East Concrete Market
- Expansion Analysis of Middle East Concrete Market
- Problems and Obstacles in Middle East Concrete Market
- Competitive Landscape in the Middle East Concrete Market
- Impact of COVID-19 and Demonetization on Middle East Concrete Market
- Details on Current Investment in Middle East Concrete Market
- Competitive Analysis of Middle East Concrete Market
- Prominent Players in the Middle East Concrete Market
- SWOT Analysis of Middle East Concrete Market
- Middle East Concrete Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Middle East Concrete Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Middle East Concrete Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Middle East Concrete Market
7. Middle East Concrete Market, By Type (USD Million)
7.1. Middle East Concrete Market Value Share and Forecast, By Type, 2023-2033
7.2. Ready-Mix Concrete
7.3. Precast Product
7.4. Pre-cast Elements
8. Middle East Concrete Market, By Application (USD Million)
8.1. Middle East Concrete Market Value Share and Forecast, By Application, 2023-2033
8.2. Reinforced Concrete
8.3. Non-Reinforced Concrete
9. Middle East Concrete Market, By End User (USD Million)
9.1. Middle East Concrete Market Value Share and Forecast, By End User, 2023-2033
9.2. Roads and Highways
9.3. Tunnels
9.4. Residential Buildings
9.5. Dams and Power Plants
9.6. Mining
9.7. Others
10. Middle East Concrete Market Forecast, 2019-2033 (USD Million)
10.1. Middle East Concrete Market Size and Market Share
11. Middle East Concrete Market, By Type, 2019-2033 (USD Million)
11.1. Middle East Concrete Market Size and Market Share By Type (2019-2026)
11.2. Middle East Concrete Market Size and Market Share By Type (2027-2033)
12. Middle East Concrete Market, By Application, 2019-2033 (USD Million)
12.1. Middle East Concrete Market Size and Market Share By Application (2019-2026)
12.2. Middle East Concrete Market Size and Market Share By Application (2027-2033)
13. Middle East Concrete Market, By End User, 2019-2033 (USD Million)
13.1. Middle East Concrete Market Size and Market Share By End User (2019-2026)
13.2. Middle East Concrete Market Size and Market Share By End User (2027-2033)
14. Middle East Concrete Market, By Region, 2019-2033 (USD Million)
14.1. Middle East Concrete Market Size and Market Share By Region (2019-2026)
14.2. Middle East Concrete Market Size and Market Share By Region (2027-2033)
14.3. Saudi Arabia
14.4. Qatar
14.5. Oman
14.6. Yemen
14.7. Others
15. Company Profile
15.1. Al Fahd Company
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments
15.2. Al Kifah Ready-mix & Blocks
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments
15.3. Alian Industry Company
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments
15.4. Bina Ready-Mix Concrete Products
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments
15.5. CEMEX S.A.B. de C.V.
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments
15.6. Gulf Precast Concrete Co.LLC
15.6.1. Company details
15.6.2. Financial outlook
15.6.3. Product summary
15.6.4. Recent developments
15.7. Holcim Group
15.7.1. Company details
15.7.2. Financial outlook
15.7.3. Product summary
15.7.4. Recent developments
15.8. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
