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GCC Green Cement Market Size (2024 - 2029)

The GCC Green Cement Market is projected to experience significant growth over the forecast period, driven by increasing construction projects in key economies such as Saudi Arabia and the United Arab Emirates. The market's expansion is supported by favorable government policies promoting the use of green cement and the availability of essential raw materials. Despite challenges posed by the higher costs associated with green cement, which may hinder growth, ongoing research and development of innovative raw materials present promising opportunities for market expansion. Saudi Arabia stands out as the largest market due to its widespread adoption of green cement in construction initiatives.

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Market Size of GCC Green Cement Industry

GCC Green Cement Market Summary
Study Period 2019-2029
Base Year For Estimation 2023
Market Volume (2024) 1.04 Million tons
Market Volume (2029) 1.58 Million tons
CAGR (2024 - 2029) > 8.00 %
Market Concentration High

Major Players

GCC Green Cement Market Major Players

*Disclaimer: Major Players sorted in no particular order

GCC Green Cement Market Analysis

The GCC Green Cement Market size is estimated at 1.04 Million tons in 2024, and is expected to reach 1.58 Million tons by 2029, growing at a CAGR of greater than 8% during the forecast period (2024-2029).

The COVID-19 pandemic in 2020 affected the construction industry negatively. The widespread lockdown in GCC countries caused loss of labor and disruptions in cement production, as well as construction activities, restrictions in freight transportation, and disturbance of the supply chain of construction materials. However, the conditions started recovering in 2021, restoring the market's growth trajectory.

Over the short term, growing construction projects in major economies like Saudi Arabia and the United Arab Emirates, favorable government policies for the usage of green cement, and availability of raw materials are major factors driving the growth of the market studied.

However, the rising cost of construction due to the higher cost of green cement is likely to restrain the growth of the studied market.

Nevertheless, research and development of novel products as raw materials for green cement will likely create lucrative growth opportunities for the global market.

Saudi Arabia represents the largest market due to the increasing adoption of green cement in its construction projects.

GCC Green Cement Industry Segmentation

Green cement is an environmentally friendly cement that reduces carbon dioxide emissions during manufacturing. Green cement is mostly produced from raw materials that are discarded as waste from industrial processes. Some of the major raw materials for producing green cement include the slag from the blast furnace and fly ash. Magnesium oxychloride cement, calcium sulfoaluminate cement, geopolymer cement, and sequestrated carbon cement are some examples of green cement.

The GCC green cement market is segmented by product type, construction sector, and geography (Saudi Arabia, United Arab Emirates, Qatar, and the rest of the GCC). By product type, the market is segmented into fly ash-based, slag-based, limestone-based, silica fume-based, and other product types (geopolymers and recycled aggregates). By construction sector, the market is segmented into residential and non-residential. The report also covers the market size and forecasts for the GCC Green Cement Market in 3 countries across the GCC region.

For each segment, the market sizing and forecasts have been done on the basis of volume (tons).

Product Type
Fly Ash-based
Slag-based
Limestone-based
Silica fume-based
Other Product Types (Geopolymers and Recycled Aggregates)
Construction Sector
Residential
Non-residential
Geography
Saudi Arabia
United Arab Emirates
Qatar
Rest of GCC
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GCC Green Cement Market Size Summary

The GCC green cement market is poised for significant growth, driven by increasing construction activities in key economies such as Saudi Arabia and the United Arab Emirates. The market is recovering from the disruptions caused by the COVID-19 pandemic, which had negatively impacted the construction industry due to lockdowns and supply chain disturbances. The adoption of green cement is being bolstered by favorable government policies and the availability of raw materials, despite the challenge of higher construction costs associated with green cement. The region's focus on sustainable construction practices, supported by research and development in novel raw materials, is expected to create lucrative opportunities for market expansion.

Green cement is gaining popularity due to its eco-friendly properties and benefits such as reduced carbon emissions and energy consumption. The Middle East is actively promoting green buildings, with countries like Qatar and the UAE implementing comprehensive green building rating systems. These initiatives are part of broader efforts to enhance sustainability and reduce construction costs through improved resource management. Major construction projects in the UAE, along with Saudi Arabia's Vision 2030 and associated megaprojects, are driving demand for green cement. The market is partially consolidated, with key players like JSW Cement, UltraTech Cement Ltd., and Hoffmann Green Cement Technologies actively contributing to the region's green cement production and innovation efforts.

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GCC Green Cement Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Construction Activities in GCC Countries

      2. 1.1.2 Favorable Government Policies for Green Building Construction

      3. 1.1.3 Abundance of Availability of Raw Materials

    2. 1.2 Restraints

      1. 1.2.1 Rising Construction Costs Due to Higher Costs of Green Cement

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Product Type

      1. 2.1.1 Fly Ash-based

      2. 2.1.2 Slag-based

      3. 2.1.3 Limestone-based

      4. 2.1.4 Silica fume-based

      5. 2.1.5 Other Product Types (Geopolymers and Recycled Aggregates)

    2. 2.2 Construction Sector

      1. 2.2.1 Residential

      2. 2.2.2 Non-residential

    3. 2.3 Geography

      1. 2.3.1 Saudi Arabia

      2. 2.3.2 United Arab Emirates

      3. 2.3.3 Qatar

      4. 2.3.4 Rest of GCC

GCC Green Cement Market Size FAQs

The GCC Green Cement Market size is expected to reach 1.04 million tons in 2024 and grow at a CAGR of greater than 8% to reach 1.58 million tons by 2029.

In 2024, the GCC Green Cement Market size is expected to reach 1.04 million tons.

GCC Green Cement Market Report Snapshots

GCC Green Cement Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)