- The key vendors in the cement market in the UAE 2015-2019 are Gulf Cement Co., Lafarge S.A, National Cement Co. P.S.C. and Pioneer Cement Industries LLC
London, 23 June 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the cement market in the UAE 2015-2019. Growing demand for green building materials is one of the major trends upcoming in this market. In 2014, the municipal corporation of Dubai mandated the use of green concrete as a substitute to ordinary Portland cement in construction projects. Green concrete is an eco-friendly supplementary cementing material with a low carbon concentration. The cement market in the UAE 2015-2019 is estimated to grow at a CAGR of 7.56% during the forecast period of 2014-2019.
The growing demand for green concrete, a substitute to ordinary Portland cement, is gaining prominence in the UAE. Most manufacturers source the raw materials from their own integrated production facilities, reducing production costs and the risk of sourcing raw materials.
Presently, the construction industry in the UAE is experiencing unprecedented growth, given the growth in the non-oil sectors such as manufacturing and services. Over the next 15 years, the government plans to invest $700 billion in infrastructure development, further fueling demand for cement.
“The cement market in the UAE is dominated by 12 cement manufacturers with integrated raw material production units,” says Faisal Ghaus, Vice President of Technavio Research.
“Most of these companies have their own quarries either in the UAE or in countries such as Oman, reducing their dependency on third-party suppliers for raw materials such as limestone and clay.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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