Cement Market in Qatar 2015-2019
About Cement Market in Qatar
Government's investment in infrastructure development linked to 2022 FIFA World Cup and Qatar National Vision 2030 is expected to increase the cement demand during the forecast period. Some of the major focus areas that are attracting large-scale investments are transportation, healthcare, airports, ports, and education infrastructure.
Technavio's analysts forecast the cement market in Qatar to grow at a CAGR of 14.21% during 2014-2019.
Covered in this Report
The report covers the current scenario and the growth prospects of the cement market in Qatar for 2015-2019. The market size has been calculated based on the construction spending and the total demand for cement in Qatar. The performance of the cement market has been forecast based on the ongoing construction projects as well as the future projects.
Technavio's report, Cement Market in Qatar 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Cement Market in Qatar 2015-2019
Technavio recognizes the following companies as the key players in the Cement Market in Qatar: Qatar National Cement Company and Qatari Investors Group (Alkhalij Cement Company)
Other Prominent Vendors in the market are: Aljabor Cement Industries, Gulf Cement Company and Khalid Cement Industries Complex
Commenting on the report, an analyst from Technavio’s team said: “Cement manufacturers are planning to expand their production facilities to address the increasing demand from various construction projects. QNCC, a leading cement manufacturer with 70% of the market share, is planning to enhance its production capacity from 4.4 million tons to 5.63 million tons per year. It has signed a contract with Fives FCB, a French company that specializes in designing and supplying manufacturing equipment, for the construction of a cement production line in Qatar. In addition, Al Khalij, another leading vendor in the market, also plans to expand its cement production capacity by the end of 2017. It has also signed a deal with the Denmark-based company, FLSmidth, for the construction of a cement production line in Umm Bab, Qatar. These large-scale expansion plans by vendors are expected to meet demand for cement in the domestic market.”
According to the report, the government of Qatar has implemented the Qatar National Vision (QNV) 2030 to serve as a roadmap for Qatar's future. The government plans to develop world-class infrastructure facilities to promote economic growth and to facilitate trade. In addition, the QNV 2030 also focuses on establishing state of the art education and healthcare facilities. The government is investing heavily in the construction industry to achieve these targets. This contributes to the growth of the market.Further, the report states that supply chain bottlenecks and inadequate transport infrastructure in the country such as a limited railway network often result in delayed shipments.
Qatar National Cement Company, Qatari Investors Group (Alkhalij Cement Company), Aljabor Cement Industries, Gulf Cement Company, Khalid Cement Industries Complex