EGYPT READY-MIX CONCRETE MARKET

Egypt ready-mix concrete (RMC) market is estimated to grow at a CAGR 6.2% between 2024 and 2031 primarily driven by rapid urbanization and increased government investments on infrastructure development.

Major Market Drivers and Emerging Trends

Ready-mix concrete is produced to suit the precise needs of each project and then transported to the job site for quick application. Egypt ready-mix concrete market size growth is largely attributed to the rapid urbanization. As urban populations grow and more people seek income opportunities in cities, the rising demand for residential spaces is fueling the need for more buildings thereby increasing the demand for ready-mix concrete. With the increase in urban population and the growing population in Egypt, the demand for housing units has grown especially in urban areas. Industrialization along with the increasing demand from property developers and the rise in infrastructure projects are also the main factors driving the market.

The rising demand for commercial and residential structures in the country has generated promising market prospects as the government plans to make substantial investments in the building and construction sectors. With the Egyptian government invests in numerous infrastructure initiatives including the railway and road expansion, the need for ready mix concrete in the country is expected to rise significantly. The market growth is further driven by a surge in government spending on transportation infrastructure along with port development projects.

Infrastructure growth in the country has prominently focused on the establishment of new urban hubs with New Cairo being a prime example. This project is designed to reduce traffic congestion within the capital and create a new focal point for business and government activities. The project has led to the development of modern housing areas and commercial districts. There will also be public areas and the extension of transportation networks.

The New Administrative Capital represents another major urban development initiative in the country. The project seeks to build a new center for business and administration with a strong focus on sustainability and modernity. This initiative will incorporate various commercial and residential projects while also focusing on the construction of new utilities along with transportation systems. Through strategic investments in major projects, Egypt aims to boost economic growth and elevate the living standards of its population. Continued investment in infrastructure and urban projects positions Egypt to take the lead in regional development which further drive market growth.

However, navigating the complex regulatory environment presents a significant hurdle for domestic and international investors in the market. The intricate regulatory process may cause approval delays which potentially leads to substantial disruptions in project schedules and costs. In response to this issue, the government has simplified regulations and enhanced compliance notably through a new policy that makes the investment process more straightforward and provides more benefits to investors therefore driving market growth.

Based on application, the market can be segmented into residential, infrastructure and industrial. Major construction firms in the country have vast experience in building residential projects from houses to villas and apartment buildings by utilizing ready mix concrete with high quality to ensure their safety and longevity.

Meanwhile, the government has also placed a strong focus on infrastructure development and construction as key factors fueling urban growth along with economic stability. This emphasis has paved the way for increased investment opportunities in the construction industry including the ready-mix concrete market.

A strong industrial sector in Egypt further underpins the construction of manufacturing facilities which is vital for economic progress in the country. Major construction firms employ specialized materials to build facilities that can handle the challenges of industrial operations which further contribute to the ready-mix concrete market growth.

Top Market Players

Several major players within the market include Suez Cement, Egyconcrete, Orascom, Lafarge Egypt, FiloMix, among others.

Key Developments

• • In 2022, El Sewedy Electric successfully secured a tender to deliver ready-mix concrete for the quay construction project at Abu Qir port.
  • In 2022, the ready-mix concrete company in Egypt FiloMix introduced FiloZayn which is a highly sophisticated decorative concrete technology.

Segments covered in the Report:

The Egypt Ready-Mix Concrete Market has been segmented on the basis of Application. Based on the Application the market is segmented into Residential, Infrastructure, Industrial, Industrial Utilities.

Market Segmentation

Egypt Ready-Mix Concrete (RMC) market by Application

• • Residential
  • Infrastructure
  • Industrial
  • Industrial Utilities

Egypt Ready-Mix Concrete (RMC) Market Leading players (Option 1: Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Suez Cement
  • Egyconcrete
  • Orascom
  • Lafarge Egypt
  • FiloMix