GCC Cement Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2021-2026” provides a deep and thorough evaluation of the GCC cement market based on its segments including type, end-use, and region. 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.
Historical Year: 2015-2020
Base Year: 2020
Forecast Year: 2021-2025
Cement represents a powdery substance that is made by calcining clay and lime and then combining this mixture with water to form mortar or mixing with sand, gravel, and water to create concrete. It can be broadly classified into the hydraulic and non-hydraulic variants, depending on the ability to set in the presence of water.
Cement imparts strength, durability, and elasticity to the concrete. It is used across the construction industry as a binding material in housing, roads, hospitals, schools, dams, ports, etc.
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GCC Cement Market Industry Trends and Drivers:
The increasing number of construction projects is one of the primary factors driving the GCC cement market. In line with this, the rising investments in mega infrastructure projects, such as the construction of the Al Maktoum International Airport in Dubai, are further catalyzing market growth.
Moreover, the escalating environmental concerns are bolstering the need for sustainable development and thus propelling the demand for green buildings and green cement.
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Besides this, the introduction of thermal energy in cement manufacturing processes to minimize the CO2 emissions generated is acting as another significant growth-inducing factor.
Furthermore, the inflating popularity of eco-friendly product variants, which limit the consumption of natural raw materials, water, energy, etc., such as geopolymer cement, which hardens at room temperature, is also augmenting the market growth. In addition to this, the elevating investments by government bodies aimed at revamping and updating existing infrastructures are projected to fuel the GCC cement market over the forecasted period.
GCC Cement Market Segmentation:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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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