Market Forecast by Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain and Turkey), By Product type (Construction aggregates, Concrete bricks, Cement, Construction metals), By Application (Residential, Commercial, Industrial) And Competitive Landscape
Product Code: ETC060189 | Publication Date: Feb 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Middle East Construction Materials Market report thoroughly covers the market by countries, 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.
The Middle East construction materials market includes different types of materials, such as cement, aggregates, steel, wood, ceramics, and others. The market's growth potential is influenced by the increasing demand for construction materials to meet the region's infrastructural requirements. The market is mainly concentrated in the GCC countries, including the UAE, Saudi Arabia, Qatar, Kuwait, Bahrain, and Oman. These are some factors augmenting the Middle East Construction Materials Market growth.
According to 6Wresearch, the Middle East Construction Materials Market size is projected to grow at a CAGR of 8% during the forecast period 2024-2030. The market owes its growth to several factors, including a rapidly growing population, urbanization, and rising disposable incomes. Additionally, the region's governments are investing heavily in infrastructure development, which is surging the demand for construction materials. Public-private partnerships (PPPs) are also gaining popularity in the construction sector, which is further propelling market growth. The increasing demand for green and sustainable construction materials is another major driver securing the sectors and market growth. Despite its massive growth, the Middle East construction materials industry faces several challenges, including fluctuating raw material prices, currency fluctuations, and rigorous regulations.
The construction industry also faces challenges such as labor shortages and competition from imports. The Middle East Construction Materials Market is experiencing substantial growth. The key factors driving the growth of the market include an increase in construction activities across the region. However, another important development in the market is increasing the demand for prefabricated construction materials. This trend has been driven by the need for faster and more efficient construction methods. The Middle East has a growing population and rapid urbanization, leading to increased demand for the construction materials market. Furthermore, the Middle East is becoming a popular tourist destination which resulted in the construction of hotels, resorts, and other tourist-related infrastructure.
The Middle East Construction Materials Market share is estimated to secure a double-digit rate underpinned by Middle East's governments are making efforts to support the construction industry's growth. Some of the vital initiatives include the Saudi Vision 2030, which is aimed at diversifying the Saudi economy and developing the private sector. The plan involves the construction of over 500,000 housing units by 2030. The UAE is also investing heavily in developing its infrastructure, including the construction of a high-speed rail network connecting the country's major cities. Bahrain is another country investing in sustainable infrastructure, with developments, such as the Bahrain Bay project. Kuwait is also focused on developing new transport infrastructure and housing projects.
Below mentioned are some leading players operating in the market:
According to Dhaval, Research Manager, 6Wresearch, Turkey has been able to maintain steady growth and dominating the Middle East Construction Materials Market revenue due to strong domestic demand and exports.
Based on the application, the commercial construction sector has been providing a massive growth path for manufacturers and suppliers of building materials. The growth is driven by an increase in construction activity in the hospitality and tourism sector, rising demand for office spaces, and government investment in infrastructure projects.
The Market Report includes the following segments:
By Product Type:
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 Middle East Construction Materials Market Overview |
3.1 Middle East Regional Macro Economic Indicators |
3.2 Middle East Construction Materials Market Revenues & Volume, 2020 & 2030F |
3.3 Middle East Construction Materials Market - Industry Life Cycle |
3.4 Middle East Construction Materials Market - Porter's Five Forces |
3.5 Middle East Construction Materials Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Middle East Construction Materials Market Revenues & Volume Share, By Product type , 2020 & 2030F |
3.7 Middle East Construction Materials Market Revenues & Volume Share, By Application, 2020 & 2030F |
4 Middle East Construction Materials Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Middle East Construction Materials Market Trends |
6 Saudi Arabia Construction Materials Market, 2020 - 2030 |
6.1.1 Saudi Arabia Construction Materials Market, Revenues & Volume, By Product type, 2020 - 2030 |
6.1.2 Saudi Arabia Construction Materials Market, Revenues & Volume, By Application, 2020 - 2030 |
7 UAE Construction Materials Market, 2020 - 2030 |
7.1 UAE Construction Materials Market, Revenues & Volume, By Product Type, 2020 - 2030 |
7.2 UAE Construction Materials Market, Revenues & Volume, By Application, 2020 - 2030 |
8 Qatar Construction Materials Market, 2020 - 2030 |
8.1 Qatar Construction Materials Market, Revenues & Volume, By Product Type, 2020 - 2030 |
8.2 Qatar Construction Materials Market, Revenues & Volume, By Application, 2020 - 2030 |
9 Kuwait Construction Materials Market, 2020 - 2030 |
9.1 Kuwait Construction Materials Market, Revenues & Volume, By Product Type, 2020 - 2030 |
9.2 Kuwait Construction Materials Market, Revenues & Volume, By Application, 2020 - 2030 |
10 Oman Construction Materials Market, 2020 - 2030 |
10.1 Oman Construction Materials Market, Revenues & Volume, By Product Type, 2020 - 2030 |
10.2 Oman Construction Materials Market, Revenues & Volume, By Application, 2020 - 2030 |
11 Bahrain Construction Materials Market, 2020 - 2030 |
11.1 Bahrain Construction Materials Market, Revenues & Volume, By Product Type , 2020 - 2030 |
11.2 Bahrain Construction Materials Market, Revenues & Volume, By Application, 2020 - 2030 |
12 Turkey Construction Materials Market, 2020 - 2030 |
12.1 Turkey Construction Materials Market, Revenues & Volume, By Product Type, 2020 - 2030 |
12.2 Turkey Construction Materials Market, Revenues & Volume, By Application, 2020 - 2030 |
13 Rest of Middle East Construction Materials Market, 2020 - 2030 |
13.1 Rest of the Middle East Construction Materials Market, Revenues & Volume, By Product Type, 2020 - 2030 |
13.2 Rest of the Middle East Construction Materials Market, Revenues & Volume, By Application, 2020 - 2030 |
14 Middle East Construction Materials Market Key Performance Indicators |
15 Middle East Construction Materials Market - Opportunity Assessment |
15.1 Middle East Construction Materials Market Opportunity Assessment, By Countries, 2020 & 2030F |
15.2 Middle East Construction Materials Market Opportunity Assessment, By Product type, 2020 & 2030F |
15.3 Middle East Construction Materials Market Opportunity Assessment, By Application, 2020 & 2030F |
16 Middle East Construction Materials Market - Competitive Landscape |
16.1 Middle East Construction Materials Market Revenue Share, By Companies, 2023 |
16.2 Middle East Construction Materials Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |