Market Forecast By Product type (Construction aggregates, Concrete bricks, Cement, Construction metals), By Application (Residential, Commercial, Industrial) And Competitive Landscape
Product Code: ETC016743 | Publication Date: Oct 2020 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Oman Construction Materials Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate begins at 7.78% in 2025, climbs to a high of 13.69% in 2028, and moderates to 10.16% by 2029.
The Construction Materials market in Oman is projected to grow at a high growth rate of 13.34% by 2027, highlighting the country's increasing focus on advanced technologies within the Middle East region, where Saudi Arabia holds the dominant position, followed closely by United Arab Emirates, Iran, Qatar and Kuwait, shaping overall regional demand.
Oman Construction Materials Market report thoroughly covers the market by product type and application. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Oman construction materials market has been rapidly growing in recent years due to the rise in construction activities and the government's effort to modernize the country's infrastructure. The demand for building materials like cement, steel, and glass is increasingly surging, making Oman an attractive destination for investors. Oman's construction materials market is majorly influenced by the real estate sector, which contributes to around 60% of the country's total construction activities. The growth can be driven to government initiatives like the construction of new airports, the expansion of seaports, and the development of special economic zones.
According to 6Wresearch, the Oman construction materials market is expected to grow at a CAGR of 8.4% during the forecast period 2025-2031. The market growth is followed by various factors. For instance, rapid urbanization, with more people shifting to the cities to find more promising economic opportunities. This has resulted in an increasing need for homes, offices, and other buildings infrastructure, driving construction materials demand such as cement, steel, and aggregates. Additionally, the government's focus on infrastructure development, including the construction of airports, ports, highways, and other public facilities, has also augmented the demand for construction materials. Despite the growth prospects, several challenges hinder its development. One of these is the dependence on imports for raw materials, which can result in higher costs due to fluctuations in international prices.
Inadequate logistics infrastructure and supply chain management can also hamper the timely delivery of materials, causing project delays and cost overruns. Nevertheless, the Oman construction materials industry is also characterized by various trends that expand the landscape. One of these is the increasing use of sustainable construction materials, such as green concrete, energy-efficient glass, and recycled building materials. This trend is followed by the need to reduce energy consumption, minimize construction waste, and lower the carbon footprint of buildings. Another trend is the use of digital tools and technologies, such as building information modeling (BIM), to improve construction efficiency, accuracy, and productivity.
The government of Oman recognizes the vital role of the construction industry in the country's socioeconomic development. It has introduced various initiatives to support the Oman Construction Materials Market growth, such as the Oman National Spatial Strategy, which guides the spatial planning and development of the country's urban and rural areas. The Public Authority for Mining (PAM) has also introduced policies to govern the mining sector, improve environmental sustainability, and promote value-added activities in the sector.
Several local and international companies operate in Oman's construction materials market, providing a spectrum range of products and services. Some of the major players in the sector include Oman Cement Company, Raysut Cement Company, Al Tasnim Enterprises, and Carillion Alawi LLC. These companies have invested in technology, innovation, and sustainability to stay competitive and meet the evolving needs of their customers.
According to Nitesh, Research Manager, 6Wresearch, the industrial sector appears to be the only growing sector in the Oman construction materials market with the growing industrial landscape in the country. However, other sectors, including residential and commercial sectors remain vital, they are still challenged by various growing aspects like growing population rate and tourism sector.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Oman Construction Materials Market Overview |
3.1 Oman Country Macro Economic Indicators |
3.2 Oman Construction Materials Market Revenues & Volume, 2021 & 2031F |
3.3 Oman Construction Materials Market - Industry Life Cycle |
3.4 Oman Construction Materials Market - Porter's Five Forces |
3.5 Oman Construction Materials Market Revenues & Volume Share, By Product type 2024 & 2031F |
3.6 Oman Construction Materials Market Revenues & Volume Share, By Application, 2024 & 2031F |
4 Oman Construction Materials Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Oman Construction Materials Market Trends |
6 Oman Construction Materials Market, By Types |
6.1 Oman Construction Materials Market, By Product type |
6.1.1 Overview and Analysis |
6.1.2 Oman Construction Materials Market Revenues & Volume, By Product type 2021 - 2031F |
6.1.3 Oman Construction Materials Market Revenues & Volume, By Construction aggregates, 2021 - 2031F |
6.1.4 Oman Construction Materials Market Revenues & Volume, By Concrete bricks, 2021 - 2031F |
6.1.5 Oman Construction Materials Market Revenues & Volume, By Cement, 2021 - 2031F |
6.1.6 Oman Construction Materials Market Revenues & Volume, By Construction metals, 2021 - 2031F |
6.2 Oman Construction Materials Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Oman Construction Materials Market Revenues & Volume, By Residential, 2021 - 2031F |
6.2.3 Oman Construction Materials Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.2.4 Oman Construction Materials Market Revenues & Volume, By Industrial, 2021 - 2031F |
7 Oman Construction Materials Market Import-Export Trade Statistics |
7.1 Oman Construction Materials Market Export to Major Countries |
7.2 Oman Construction Materials Market Imports from Major Countries |
8 Oman Construction Materials Market Key Performance Indicators |
9 Oman Construction Materials Market - Opportunity Assessment |
9.1 Oman Construction Materials Market Opportunity Assessment, By Product type 2024 & 2031F |
9.2 Oman Construction Materials Market Opportunity Assessment, By Application, 2024 & 2031F |
10 Oman Construction Materials Market - Competitive Landscape |
10.1 Oman Construction Materials Market Revenue Share, By Companies, 2024 |
10.2 Oman Construction Materials Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |