The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter’s Five Forces models.Report Metrics
Historical Year: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
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Cement refers to a grey-colored binding material obtained by combining a mixture of limestone and clay with water. It can also contain several other substances, including slate, chalk, shale, iron ore, silica, blast furnace slag, etc. Cement can be widely classified into hydraulic and non-hydraulic variants, depending on the ability to set in the presence of water. It is often characterized by excellent chemical and physical properties, such as exceptional durability and strength. As a result, it is utilized across the construction industry as a binding material in housing, roads, schools, hospitals, dams, ports, etc.
Note: Our analysts are continuously monitoring the influence of the COVID-19 pandemic on the market. This insightful information is included in the report to improve the efficiency, resilience and overall performance of businesses.
GCC Cement Market Industry Trends and Drivers:
The increasing number of construction projects across the region on account of the growing population is one of the primary factors augmenting the GCC cement market. Moreover, the escalating adoption of thermal energy in cement manufacturing processes in order to minimize the CO2 emissions generated is acting as another significant growth-inducing factor. Besides this, the rising environmental concerns are driving the need for sustainable development and thus propelling the demand for green buildings and green cement. Furthermore, the emerging popularity of eco-friendly product variants, which limit the consumption of natural raw materials, energy, water, etc., such as geopolymer cement, is also bolstering the market growth. In line with this, the elevating investments by government bodies aimed at revamping and updating existing infrastructures are expected to fuel the GCC cement market over the forecasted period.
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GCC Cement Market Segmentation:
The market is segmented on the basis of type, end-use, and region.
Type
End-use
Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Competitive Landscape:
The report also provides insights on the competitive landscape of the cement market with the leading players profiled in the report.
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