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GCC Concrete Blocks Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The GCC Concrete Blocks Market Report is Segmented by Type (Solid Concrete Blocks and Hollow Concrete Blocks), Application (Commercial, Residential, Infrastructure, and Industrial & Institutional), and Country (Saudi Arabia, United Arab Emirates, Qatar, Oman, and the Rest of GCC). The Report Offers the Market Sizes and Forecasts in Volume (Million Units) for all the Above Segments.

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GCC Concrete Blocks Market Size

GCC Concrete Blocks Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Volume (2024) 2.25 Billion units
Market Volume (2029) 2.98 Billion units
CAGR (2024 - 2029) 5.85 %
Market Concentration Low

Major Players

GCC Concrete Blocks Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of GCC Concrete Blocks Market with other markets in Chemicals & Materials Industry

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GCC Concrete Blocks Market Analysis

The GCC Concrete Blocks Market size is estimated at 2.25 Billion units in 2024, and is expected to reach 2.98 Billion units by 2029, growing at a CAGR of 5.85% during the forecast period (2024-2029).

  • The growing commercial construction projects in countries such as Saudi Arabia and Qatar are set to drive the demand for the concrete blocks market during the forecast period. With the construction of new cities, the infrastructure sector is expected to drive the demand for concrete blocks.
  • However, the high cost of raw materials in the manufacturing of concrete blocks is expected to constrain the growth of the market studied.
  • Nevertheless, growing awareness among consumers for lightweight materials is expected to augment the demand for concrete blocks.

GCC Concrete Blocks Market Trends

Rise in Commercial Segment Expected to Propel the Market

  • The commercial construction sector is the largest consumer of concrete blocks in the GCC region owing to its various advantages, such as high compressive strength and durability.
  • In recent times, the GCC region has seen a wide range of commercial projects, which has led to an increase in demand for concrete blocks.
  • Saudi Arabia has invested in various commercial projects under its Vision 2030 project. Some of the notable projects include the Diriyah project. Under this project, the government is planning to invest USD 63 billion to build more than 20 hotels and museums in the Diriyah Gate Giga project.
  • In Qatar, various commercial construction projects are set to boost the demand for concrete blocks. More than 350,000 square meters of office space is set to be constructed in 2024.
  • The other commercial projects in Qatar include the development of Hamad Medical Corporation, Madinat Khalifa Health Centre, Qatar Academy Sidra, and the development of the Ministry of Municipality’s Veterinary Laboratories. These projects were initialed by Qatar`s Public Works Authority (Ashghal) in 2023.
  • Such investments are expected to drive the demand for concrete blocks in the GCC region.
GCC Concrete Blocks Market: Concrete Blocks Market, Revenue CAGR (%), by Application, GCC, 2024-2029

Saudi Arabia Dominates the GCC Concrete Blocks Market

  • The construction sector is one of the major sectors that utilize concrete blocks in Saudi Arabia.
  • Various projects, such as Giga projects, transport and mobility schemes (including the Riyadh Metro), social infrastructure developments (like the Ministry of Housing's Sakani program), and mega energy projects (such as the state-owned Aramco Berri and Marjan oil fields) are expected to drive the demand for concrete blocks in the country.
  • In recent years, the country has experienced a surge in housing projects that has propelled the demand for the market.
  • The Ministry of Municipal and Rural Affairs and Housing forecasts a housing surge, targeting 300,000 residential units by 2025. In a significant announcement, the government unveiled housing projects exceeding SAR 65 billion (~USD 17.3 billion) in September 2023.
  • In 2023, the National Housing Company launched three major projects in Al Forsan and Khuzam suburbs, with a combined value surpassing SAR 42 billion (~USD 11.19 billion). The expansive Al Forsan project, covering 10 million square meters, is set to provide 27,750 diverse housing units.
  • Aligned with Vision 2030, the Saudi government is embarking on ambitious construction and infrastructure projects. Highlighting this is NEOM's collaboration with Italy’s We Build and local partner Shibh Al Jazira Contracting, working on the innovative floating city OXAGON, part of a broader smart city initiative near Riyadh, with a projected capacity of 9 million residents.
  • All the above-mentioned factors are expected to play a vital role in driving the demand for concrete blocks in Saudi Arabia in the near future.
GCC Concrete Blocks Market: Concrete Blocks Market, Revenue CAGR (%), by Geography, GCC, 2024-2029

GCC Concrete Blocks Industry Overview

The GCC concrete block market is fragmented in nature. Some of the major manufacturers in the market (not in any particular order) include Raknor LLC, Consent Group, ESPAC, MJK Group, and Mansoor Concrete Block Industry LLC (MaCon).

GCC Concrete Blocks Market Leaders

  1. Raknor LLC

  2. Consent Group

  3. ESPAC

  4. MJK Group

  5. MANSOOR CONCRETE BLOCK INDUSTRY LLC (MaCon)

*Disclaimer: Major Players sorted in no particular order

GCC Concrete Blocks Market Concentration
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GCC Concrete Blocks Market News

  • April 2022: Saudi Arabia-based Sabic Chemicals introduced a new market solution, grade N330 carbon black, to the building and construction industry in the United Kingdom to improve the quality of cast-in-place concrete structures that require a quick drying process and provide extra strength. Sabic introduced five grades of carbon black in the ASTM 2 and 3 series (N220, N326, N330, N339, and N375) in the GCC.
  • March 2022: Al Kifah Ready-Mix & Blocks (KRB) announced the launch of its ConGreen range of reduced CO2 concrete products. ConGreen products help to clinker with lower carbon materials, such as pozzolana, and use Carbon Cure Technologies of Canada's embedded CO2 recycled technology to reduce the carbon footprint by up to 30% compared to conventional Portland cement (OPC) concretes.

GCC Concrete Blocks Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

      1. 4.1.1 Increasing Demand in the Commercial Segment

      2. 4.1.2 Increasing Use of Concrete Blocks in Infrastructure

      3. 4.1.3 Other Drivers

    2. 4.2 Market Restraints

      1. 4.2.1 Fluctuating Cost of Raw Materials

      2. 4.2.2 High Cost of Building Homes with Concrete Blocks

      3. 4.2.3 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Solid Concrete Blocks

      2. 5.1.2 Hollow Concrete Blocks

    2. 5.2 By Application

      1. 5.2.1 Residential

      2. 5.2.2 Commercial

      3. 5.2.3 Infrastructure

      4. 5.2.4 Industrial and Institutional

    3. 5.3 By Geography

      1. 5.3.1 Saudi Arabia

      2. 5.3.2 United Arab Emirates

      3. 5.3.3 Qatar

      4. 5.3.4 Oman

      5. 5.3.5 Rest of GCC

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share(%)**/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Aamal Cement Industries

      2. 6.4.2 Al Amaar Block Manufacturing Co. LLC

      3. 6.4.3 Al Jazeera Factory For Construction Materials

      4. 6.4.4 Al Najah Automatic Tiles & Blocks Factory

      5. 6.4.5 AL RAYYAN BLOCK FACTORY WLL

      6. 6.4.6 Bucomac Industries

      7. 6.4.7 Consent Group

      8. 6.4.8 ESPAC

      9. 6.4.9 Khonaini International Company

      10. 6.4.10 MANSOOR CONCRETE BLOCK INDUSTRY LLC (MaCon)

      11. 6.4.11 MJK Group

      12. 6.4.12 Raknor LLC

      13. 6.4.13 Saudi ReadyMix

      14. 6.4.14 Starlines Block Factory

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Growing Awareness Among Consumers for Lightweight Materials

    2. 7.2 Other Opportunities

**Subject to Availability
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GCC Concrete Blocks Industry Segmentation

A concrete block is a building block composed entirely of concrete, which is then mortared to create an impressive, long-lasting structure. It comes in various shapes and sizes and can be solid or hollow. Concrete blocks are made of cement, aggregate, and water. The ratio of cement and aggregate in concrete blocks is 1:6. The product is used in partition walls due to their quick and easy installation.

The GCC concrete block market is segmented by type, application, and geography. By type, the market is segmented into solid and hollow concrete blocks. By application, the market is segmented into commercial, residential, infrastructure, and industrial & institutional. The report covers the market size and forecast in five countries across the GCC region. For each segment, the market sizing and forecasts are done based on volume (units).

By Type
Solid Concrete Blocks
Hollow Concrete Blocks
By Application
Residential
Commercial
Infrastructure
Industrial and Institutional
By Geography
Saudi Arabia
United Arab Emirates
Qatar
Oman
Rest of GCC
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GCC Concrete Blocks Market Research FAQs

The GCC Concrete Blocks Market size is expected to reach 2.25 billion units in 2024 and grow at a CAGR of 5.85% to reach 2.98 billion units by 2029.

In 2024, the GCC Concrete Blocks Market size is expected to reach 2.25 billion units.

Raknor LLC, Consent Group, ESPAC, MJK Group and MANSOOR CONCRETE BLOCK INDUSTRY LLC (MaCon) are the major companies operating in the GCC Concrete Blocks Market.

In 2023, the GCC Concrete Blocks Market size was estimated at 2.12 billion units. The report covers the GCC Concrete Blocks Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the GCC Concrete Blocks Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

GCC Concrete Blocks Industry Report

Statistics for the 2024 GCC Concrete Blocks market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. GCC Concrete Blocks analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

GCC Concrete Blocks Market Report Snapshots

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GCC Concrete Blocks Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)