Market Forecast By Product type (Construction aggregates, Concrete bricks, Cement, Construction metals), By Application (Residential, Commercial, Industrial) And Competitive Landscape
Product Code: ETC016740 | Publication Date: Nov 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
United Arab Emirates (UAE) Construction Materials market currently, in 2023, has witnessed an HHI of 6619, Which has increased substantially as compared to the HHI of 1494 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
United Arab Emirates (UAE) 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.
The United Arab Emirates (UAE) is an innovative country in the Middle East that has been achieving unprecedented economic growth over the past few years. The growth is followed by the introduction of government initiatives and increased demand from the residential and non-residential sectors. The UAE construction materials market growth is expected to secure a considerable growth in the coming years driven by demand for infrastructure, housing, and renovation projects.
According to 6Wresearch, the UAE construction materials market is likely to grow at a CAGR of 6.9% during the forecast period 2025-2031. The growth of the market is influenced by various growing aspects, like the government of UAE has invested heavily in the development of infrastructure. The country has prioritized the improvement of its transport and logistics infrastructure, which has resulted in an increase in demand for construction materials such as cement, steel, and concrete. Despite the impressive growth, there are certain challenges that are hampering its growth. The industry is highly dependent on oil prices and the global economy, which have been fluctuating over the recent years.
Unpredictable oil prices result in reduced government spending, which affects the growth of the construction sector simultaneously United Arab Emirates (UAE) Construction Materials industry. Additionally, the increasing environmental regulations require construction companies to adopt sustainable practices, which can increase the cost of production. nevertheless, some ongoing trends are leaving a positive impact on the market growth. One of the prominent trends is the rising adoption of innovative construction materials and techniques. The use of materials such as fibre-reinforced concrete and green concrete has increased, as they offer better durability and sustainability compared to traditional materials. Furthermore, the industry is witnessing a shift towards technology-based solutions, such as Building Information Modelling (BIM) and 3D printing.
The UAE government is leaving no stones unturned to boost the growth of its construction sector. The government has taken several initiatives to ensure a steady supply of raw materials and to encourage industry development. To support the construction sector, the government has issued laws and regulations like the Building Code Regulation and Green Building Regulations that encourage sustainable building practices. In addition, the government looks forward to increasing foreign investment in the construction sector by a series of projects such as the recently announced AI and Blockchain Accelerator., ensuring a growth of the construction industry in the UAE.
There are several dominant players in the UAE construction materials market. Some of the major players include LafargeHolcim, RAK Ceramics, Emirates Steel, and Gulf Precast Concrete Company. These companies are constantly investing in research and development to create innovative materials and technologies that cater to the growing demand of the industry.
According to Nitesh, Research Manager, 6Wresearch, the industrial sector is the only growing sector in the UAE construction materials market. As the UAE continues to diversify its economy, the growth rate in the industrial sector is expected to remain sustainable. The demand for construction materials will continue to rise as the UAE evolves into a leading global hub for trade, logistics, and industrial manufacturing.
Based on the product type, Cement is the largest segment and accounts for more than 50% of the UAE construction materials market share.
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 United Arab Emirates (UAE) Construction Materials Market Overview |
3.1 United Arab Emirates (UAE) Country Macro Economic Indicators |
3.2 United Arab Emirates (UAE) Construction Materials Market Revenues & Volume, 2021 & 2031F |
3.3 United Arab Emirates (UAE) Construction Materials Market - Industry Life Cycle |
3.4 United Arab Emirates (UAE) Construction Materials Market - Porter's Five Forces |
3.5 United Arab Emirates (UAE) Construction Materials Market Revenues & Volume Share, By Product type 2024 & 2031F |
3.6 United Arab Emirates (UAE) Construction Materials Market Revenues & Volume Share, By Application, 2024 & 2031F |
4 United Arab Emirates (UAE) Construction Materials Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 United Arab Emirates (UAE) Construction Materials Market Trends |
6 United Arab Emirates (UAE) Construction Materials Market, By Types |
6.1 United Arab Emirates (UAE) Construction Materials Market, By Product type |
6.1.1 Overview and Analysis |
6.1.2 United Arab Emirates (UAE) Construction Materials Market Revenues & Volume, By Product type 2021 - 2031F |
6.1.3 United Arab Emirates (UAE) Construction Materials Market Revenues & Volume, By Construction aggregates, 2021 - 2031F |
6.1.4 United Arab Emirates (UAE) Construction Materials Market Revenues & Volume, By Concrete bricks, 2021 - 2031F |
6.1.5 United Arab Emirates (UAE) Construction Materials Market Revenues & Volume, By Cement, 2021 - 2031F |
6.1.6 United Arab Emirates (UAE) Construction Materials Market Revenues & Volume, By Construction metals, 2021 - 2031F |
6.2 United Arab Emirates (UAE) Construction Materials Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 United Arab Emirates (UAE) Construction Materials Market Revenues & Volume, By Residential, 2021 - 2031F |
6.2.3 United Arab Emirates (UAE) Construction Materials Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.2.4 United Arab Emirates (UAE) Construction Materials Market Revenues & Volume, By Industrial, 2021 - 2031F |
7 United Arab Emirates (UAE) Construction Materials Market Import-Export Trade Statistics |
7.1 United Arab Emirates (UAE) Construction Materials Market Export to Major Countries |
7.2 United Arab Emirates (UAE) Construction Materials Market Imports from Major Countries |
8 United Arab Emirates (UAE) Construction Materials Market Key Performance Indicators |
9 United Arab Emirates (UAE) Construction Materials Market - Opportunity Assessment |
9.1 United Arab Emirates (UAE) Construction Materials Market Opportunity Assessment, By Product type 2024 & 2031F |
9.2 United Arab Emirates (UAE) Construction Materials Market Opportunity Assessment, By Application, 2024 & 2031F |
10 United Arab Emirates (UAE) Construction Materials Market - Competitive Landscape |
10.1 United Arab Emirates (UAE) Construction Materials Market Revenue Share, By Companies, 2024 |
10.2 United Arab Emirates (UAE) Construction Materials Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Market Forecast By Product type (Construction aggregates, Concrete bricks, Cement, Construction metals), By Application (Residential, Commercial, Industrial) And Competitive Landscape
Product Code: ETC016740 | Publication Date: Oct 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
United Arab Emirates (UAE) Construction Materials Market is projected to grow over the coming years. United Arab Emirates (UAE) Construction Materials Market report is a part of our periodical regional publication Middle East Construction Materials Market outlook report. 6W tracks Construction Materials market for over 60 countries with individual country-wise market opportunity assessment and publishes with the report titled Global Construction Materials Market outlook report annually.
United Arab Emirates (UAE) Construction Materials Market report thoroughly covers market by Product Type and Application. The market report provides an unbiased and detailed analysis of the on-going 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.
United Arab Emirates (UAE) Construction Materials Market Synopsis
United Arab Emirates (UAE) Construction Materials Market is anticipated to project substantial growth during the upcoming years owing to rising infrastructure development. Surging population coupled with increasing urbanization is driving the UAE Construction Materials Market Growth. Additionally, the expansion of residential areas is enhancing the construction sector which is further driving the development of the market. Changes in lifestyle coupled with improvement in standard of living is adding to the UAE Construction Materials Market Share.
According to 6Wresearch, United Arab Emirates (UAE) Construction Materials Market size is projected to register growth during 2020-2026. Rising construction in metropolitan cities coupled with establishment of buildings, offices and commercial complexes are driving the UAE Construction Materials Market Revenue. However, the outburst of global pandemic has led to the negative growth of the market owing to nationwide lockdown hampering the supply chain of Construction materials. COVID-19 restrictions led to the pause on construction activities which has further hampered the development of the Construction Materials Market in UAE.
Market Analysis by Application
On the basis of Application, Residential sector occupied substantial share and is expected to dominate the market during the forecast period owing to increasing construction activities.
Key Attractiveness of the Report
Key Highlights of the Report:
Market Scope and Segmentation
The report provides a detailed analysis of the following Market segments: