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Here we are trying to share a gist of the UAE Cement Industry from 2023 to 2027. At Rashido Cement, we have succeeded largely because we consistently address both the positive and negative aspects of the market. We keep a close eye on current demand and focus on how we can improve our contributions to the cement industry. In this article, we aim to explain how the cement industry will grow in the future, supported by our research efforts.
A Year of Expansion: Cement Industry in 2022
The cement companies in the UAE made a lot more money in 2022 because the prices of cement went up. This happened because of big changes in the economy. One of the biggest cement companies, Apex Investment Company (formerly RAK Cement), made a profit of over $51 million in 2022. Their sales went up from $45 million to over $282 million in just one year! This was because more people were buying cement and the prices were higher. Also, a big company called UltraTech invested over $100 million in RAK Cement and now owns almost 30% of the company.
Large government projects, more people moving to cities, and efforts to diversify the economy are expected to increase the demand for cement. The report also looks at how global factors like energy prices and environmental rules might affect cement production and supply. It predicts steady market growth from 2023 to 2027, driven by big projects, sustainability efforts, and growing demand from local and regional markets. However, it also points out challenges such as competition from imported cement, changing raw material costs, and the need for better technology in production. Overall, the report gives a clear overview of the UAE cement industry and provides useful advice for those involved in it.
The cement industry is expected to grow steadily until 2027, driven by several factors:
– Big infrastructure projects
– More people moving to cities (urbanization)
– Increasing demand for eco-friendly construction materials
Government initiatives to boost construction and diversify economies will fuel this growth, especially in regions like the Middle East and Asia. New technologies and eco-friendly cement production will also support growth.
However, challenges like fluctuating raw material costs and competition from imports may affect profit margins. Companies will need to adapt to maintain their market positions.
Overall, the outlook is positive, with consistent demand expected from both emerging and established markets
Our support eco-friendly growth, four cement manufacturers have committed to using alternative fuels in their production. This effort is part of a larger goal to reduce carbon emissions and achieve net zero targets. In October 2022, the Ministry of Climate Change and Environment, along with Emirates RDF, made an agreement with Fujairah Cement Industries, JSW Cement, Lafarge Emirates, and Star Cement. The goal is for UAE cement makers to get 10% of their energy from alternative fuels. This plan helps manage waste better and lower carbon emissions. We are proud to support this initiative as a supplier for Lafarge and Star Cement.
We understand your needs and our team is willing to facilitate all your cement requirements.
Download our comprehensive brochure and select the cement products for your project.
Email: info@rashidcocement.com