Jordan Construction Materials Market (2024-2030) | Share, Forecast, Industry, Analysis, Growth, Outlook, Value, Revenue, Companies, Size & Trends

Topics Covered in the Jordan Construction Materials Market

Jordan Construction Materials Market report thoroughly covers the market by product type and application. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Jordan Construction Materials Market Synopsis

The Jordan construction materials market has been witnessing a prominent growth in recent times, mostly owing to the strong demand of construction materials coupled with increased activities in the infrastructure development and real estate sectors. The market consists of several key players who offer a wider range of construction materials and services, providing customers with quality and diversity. Construction activities and the need for modernization of infrastructure have always been the major drivers. The government's investment in building new hospitals, schools, roads, and residential properties has also contributed to the market's growth.

According to 6Wresearch, the Jordan Construction Materials Market size is projected to boost at a CAGR of 6.7% during the forecast period 2024-2030. One of the primary growing aspects behind the growth of the construction materials market in Jordan is the country's rapidly growing population. The population growth rate of Jordan is over 2% per annum, which shows a higher demand for affordable housing, infrastructure development, and public amenities. Moreover, the country's is making efforts for encouraging tourism have resulted in increasing investments in hospitality, entertainment, and leisure projects, further surging the demand for construction materials. Despite the growth prospects, market also faces several challenges. For instance, the industry is highly competitive, with the existence of small and medium-sized businesses competing for market share.

Additionally, several foreign manufacturers have entered the market, offered cheaper products, and increased the competitive landscape. Lastly, the COVID-19 pandemic has left a profound impact on the Jordan Construction Materials Market growth, with many construction projects being put on hold or cancelled due to a fall in demand. Nevertheless, some ongoing trends are contributing to the market growth. One of the significant trends in the market is the eco-friendly building materials is gaining preference. There has been an increasing adoption for sustainable products, like recycled materials and green roofs, which reduce carbon footprints. Moreover, construction projects in Jordan are leveraging digital technology to enhance efficiency and cost-effectiveness. This includes the use of building information modeling (BIM) software, which creates digital models of buildings to optimize design and reduce waste.

Government Initiatives introduced in the Jordan Construction Materials Market

The Jordanian government is taking active measures which is increasing Jordan construction materials market share with the growing investment in infrastructure development within the country. The government has launched several initiatives, including favourable policies & programmes that emphasize on creating new roads, highways, building bridges, and upgrading the country's airports. Efficient public transport infrastructure will attract tourism whilst providing easier access for locals. The government is also promoting foreign investment in the construction materials market by providing tax breaks and simplifying regulatory processes & procedures.

Key Players in the Jordan Construction Materials Market

The leading players operating in the Jordan construction market are:

• Arab Potash Company
• Consolidated Contractors Company
• Lafarge Jordan Cement
• CimentHolcim

These companies have been operating in the market for a while and have established a strong presence. Moreover, several new players have also entered the market, led by technological advancements, and offering new materials and segments to weigh in with the growing market.

Market Analysis by Product Type

According to Shivankar, Research Manager, 6Wresearch, construction aggregates have been securing a highest demand. This is due to the essential role that aggregates play in construction works. However, other construction materials, including concrete bricks, cement, and construction metals, have a demand, depending on the construction types.

Market Analysis by Application

Based on the application, the residential sector has been the major growing sector in the Jordan construction materials market, influenced by the fast-growing population and the government's continuous efforts to support the real estate industry.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2033.
• Base Year: 2023.
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Jordan Construction Materials Market Outlook
• Market Size of Jordan Construction Materials Market, 2023
• Forecast of Jordan Construction Materials Market, 2030
• Historical Data and Forecast of Jordan Construction Materials Revenues & Volume for the Period 2020 - 2030
• Jordan Construction Materials Market Trend Evolution
• Jordan Construction Materials Market Drivers and Challenges
• Jordan Construction Materials Price Trends
• Jordan Construction Materials Porter's Five Forces
• Jordan Construction Materials Industry Life Cycle
• Historical Data and Forecast of Jordan Construction Materials Market Revenues & Volume By Product type? for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Construction Materials Market Revenues & Volume By Construction aggregates for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Construction Materials Market Revenues & Volume By Concrete bricks for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Construction Materials Market Revenues & Volume By Cement for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Construction Materials Market Revenues & Volume By Construction metals for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Construction Materials Market Revenues & Volume By Application for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Construction Materials Market Revenues & Volume By Residential for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Construction Materials Market Revenues & Volume By Commercial for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Construction Materials Market Revenues & Volume By Industrial for the Period 2020 - 2030
• Jordan Construction Materials Import Export Trade Statistics
• Market Opportunity Assessment By Product type
• Market Opportunity Assessment By Application
• Jordan Construction Materials Top Companies Market Share
• Jordan Construction Materials Competitive Benchmarking By Technical and Operational Parameters
• Jordan Construction Materials Company Profiles
• Jordan Construction Materials Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product Type:

• Construction Aggregates
• Concrete Bricks
• Cement
• Construction Metals

By Application:

• Residential
• Commercial
• Industrial

Jordan Construction Materials Market (2024-2030): FAQs