Cement Market in the UAE 2015-2019
About Cement Market in the UAE
Post the economic downturn of 2008-2009 and property bubble burst in 2008, the cement market in the UAE is showing a positive rebound. The UAE is the second largest economy in the GCC and is one of the leading cement producers in the region. As of 2014, the country had a total cement production capacity of 40.7 million tons. The country is currently producing double of its cement demand. Over 50% of the cement produced in the UAE is exported to the neighboring countries such as Oman, Egypt, and other African countries. However, Technavio believes that in the coming years the cement export share will decline to meet the growing demand in the country. The growth of the cement market in the UAE is being primarily led by the surge in construction investment because of the revival of economy indicated by macroeconomic factors such increased consumer confidence and growing employment rate. The government will invest $700 billion over the next 15 years toward the infrastructure development in the country. Ahead of Dubai EXPO 2020 and UAE National Vision 2021, major investment will be directed toward transport and power infrastructure. Some of the major upcoming construction projects in the country are Hassyan coal-fired power plant and expansion of Doha metro line.
Technavio's analysts forecast the cement market in the UAE to grow at a CAGR of 7.56% over the period 2014-2019.
Covered in this Report
The report covers the current scenario and the growth prospects of the cement market in the UAE for the period 2014-2019. The market size is calculated based on the construction spending in the UAE and the total demand for cement. The performance of the market is forecast based on the ongoing construction projects as well as the future projects that will take place in the coming years.Technavio's report, Cement Market in the UAE 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the UAE; it also covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Cement Market in the UAE 2015-2019
Technavio recognizes the following companies as the key players in the Cement Market in the UAE: Gulf Cement, Lafarge, National Cement and Pioneer Cement
Other Prominent Vendors in the market are: Fujairah Cement, Jebel Ali Cement, Ras al-Khaimah Cement and Teba Cement Factory
Commenting on the report, an analyst from Technavio’s team said: “In 2014, the municipal corporation of Dubai mandated the use of green concrete as a substitute to ordinary Portland cement in construction projects. The ordinary Portland cement contains a high concentration of carbon dioxide that leads to greenhouse emissions, causing environmental pollution. Green concrete is an eco-friendly supplementary cementing material with a low carbon concentration.”
According to the report, Dubai EXPO 2020 is a global community platform for public exhibition that focuses on new innovation that leads to industrial growth. The event is expected to have 247 participants and will be visited by millions of people from different nations including international organizations and businesses. This mega event will lead to large-scale construction projects in the country, particularly in transport infrastructure, thus propelling growth of the cement market in the UAE.
Further, the report states that increase in cement exports will be a major challenge for cement manufacturers in the UAE to establish a new market outside their territory.
Gulf Cement, Lafarge, National Cement, Pioneer Cement, Fujairah Cement, Jebel Ali Cement, Ras al-Khaimah Cement, Teba Cement Factory
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