Turkey Cement Market Forecast 2026

2016 – 2026 TURKEY CEMENT MARKET FORECAST & OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

Scope of Report Product of Interest (POI): Cement Acementisabinder,asubstanceusedforconstruction that sets, hardens, and adheres to other materials to bind them together. Cement is seldom used on its own, but rather to bind sand and gravel together. Cement mixed with fine aggregate produces mortar for masonry,orwithsandandgravel,producesconcrete. Market Segmentation TYPE APPLICATION Year Range • OPC • Residential • PPC • Commercial Review Period • Others • Infrastructure 2016 – 2019 • Industrial • Institutional Base Year REGION 2020 • Marmara Region Estimated Year • Central Anatolia Region • Aegean Region 2021 • Mediterranean Region Forecast Period • Black Sea Region 2022 – 2026 • South Eastern Anatolia Region • Eastern Anatolia Region 2

Table of Contents S. No. Contents Page No. 1. Product Overview (Definition of product and major terminologies used in the report) 2. Research Methodology (Detailed description of the methodology used to conduct the research, Raw data backup, list of all secondary sources, List of respondents for primary surveys) 3. Impact of COVID-19 on Turkey Cement Market 4. Executive Summary 5. Voice of Customer 5.1. Brand Awareness 5.2. Brand Satisfaction 5.3. Factors Influencing Purchase Decisions 6. Turkey Cement Market Outlook 6.1. Market Size & Forecast 6.1.1. By Value & Volume 6.2. Market Share & Forecast 6.2.1. By Type (OPC, PPC & Others) 6.2.2. By Application (Residential, Commercial, Infrastructure, Industrial, Institutional) 6.2.3. By Company 6.2.4. By Region 6.3. Product Market Map 6.4. Pricing Analysis 7. Turkey Ordinary Portland Cement Market Outlook 7.1. Market Size & Forecast 7.1.1. By Value & Volume 7.2. Market Share & Forecast 3

Table of Contents S. No. Contents Page No. 7.2.1. By Application 7.2.2. By Province (Top 3 Provinces) 8. Turkey Pozzolona Portland Cement Market Outlook 8.1. Market Size & Forecast 8.1.1. By Value & Volume 8.2. Market Share & Forecast 8.2.1. By Application 8.2.2. By Province (Top 3 Provinces) 9. Market Dynamics (This chapter assesses the major demand drivers and restraints.) 9.1. Drivers 9.2. Challenges 10. Supply Chain Analysis 11. Market Trends & Developments 12. Policy & Regulatory Landscape 13. Turkey Economic Profile 14. Competitive Landscape 14.1. Competition Outlook 14.2. Company Profiles (Top 10 Players) 14.2.1. Company Details 14.2.2. Products & Services 14.2.3. Financials (As Reported) 14.2.4. Key Market Focus & Geographical Presence 4

Table of Contents S. No. Contents Page No. 14.2.5. Recent Developments 15. Strategic Recommendations 16. About Us & Disclaimer 5

RESEARCH METHODOLOGY

Research Methodology Market Formulating Developing List Data Data Data Profiling Questionnaire of Respondents Collection Validation Analysis In-depth secondary In order to conduct List of industry TechSci conducted Data obtained as a The data was scrutinized research was conducted to industry experts’ players and industry interviews with result of primary using MS-Excel, statistical determine top players in interviews, TechSci specialists was industry experts and and secondary tools and internal the Turkey cement market, formulated a detailed developed. industry players for research was proprietary database to overall market size and discussion guide. data collection and validated through obtain qualitative and segmental market size. verification. rigorous quantitative insights about triangulation. the Turkey cement market. Primary Research Desk Research Company Analysis ✓ Identifying Key Opinion ✓ Recent Developments ✓ Market Participants Data Data Filter Research & Actionable Business ✓ Market Changing ✓ Key Strengths Collection & Analysis Intelligence Insights Solution Leaders Aspects/Dynamics ✓ Questionnaire Design ✓ Government Policies ✓ In-depth Interviews ✓ Conclusion Primary Research Secondary Paid Sources Research ✓ LinkedIn ✓ Company Websites ✓ Factiva ✓ TechSci Internal ✓ Company Annual ✓ Hoovers Database Reports ✓ White Paper Study ✓ Financial Reports ✓ Investor Presentations ✓ Regulatory Body ✓ Associations, etc. 7

Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of Turkey cement market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as significant growth in the building, construction and infrastructure industry, which are expected to boost the demand for cement. The study includes market forecasting, whichwouldenableourclientstotakebetter decisionswhileplanningtheir strategy to achieve sustainabilityin Turkey cement market. Methodology Followed forCalculation of Market Size: • Market Size By Value & Volume: Market size, in terms of value & volume, for the year 2020 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as cement manufacturers & suppliers, channel partners, market influencers & end users, industry experts, and other industry participants. • Theteaminterviewedmorethan15–20cementmanufacturer&suppliers,45–50channelpartners,80–100endusers,and15–20 industry experts and other value & volume chain stakeholders in Turkey cement market to obtain the overall market size from 2016 to 2020, which was validated by using Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2016-2020. 8

Research Methodology • Respondents were asked about the current and future market growth rates, market shares by type, by application, by region and by company. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders. Methodology Followed forCalculation of Market Shares: Market shares by type, by application, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of cement market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed forForecasting: • TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/TableauSoftware. • Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast Turkey cementmarket,TechSciResearchusedvariousforecasttechniquessuchas: ✓ Moving Average ✓ Time Series Analysis ✓ Regression Analysis ✓ Econometric and Judgmental Analysis 9

Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also usedtheimpactanalysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be notedthatthefigures compiledare onlyfor the organized market including market share data. Partial List of Companies Interviewed Key Secondary Sources ▪ AkcansaCement ▪ World Bank ▪ OyakGroup ▪ TechSci Research Proprietary Database & ▪ ÇimsaCement Knowledge Repository ▪ LimakCement ▪ Company Annual Reports ▪ AşkaleCement ▪ Industry Magazines ▪ Heidelberg Cement Group ▪ Industry Reports ▪ VotorantimCement ▪ Cement Manufacturers Association ▪ FLSmidth ▪ News Dailies ▪ ADOCIM ▪ Credible Paid Databases ▪ Bursa Cement Company 10

Industry Brief According to TechSci Research report, “Turkey Cement Market By Type (Blended, Portland, Others), By End Use (Residential, Non-Residential), By Region, Competition Forecast & Opportunities, 2026”, the Turkey Cement market is expected to grow at a rate of steady CAGR for the forecast period, 2022-2026. Cement is a vital part used in construction, which is a grey-colored inorganic substance with excellent hydraulic binding ability. Cement is a mixture of finely ground minerals that form rock-like substances with water, sand, and gravel. Concrete is made using Cement material used for mass construction, including civil works, industrial estates, and others. Different kinds of Cement are used for various purposes according to need and requirements, chosen according to the required strength and durability. The continuous rise in the population is increasing the demand for the construction of residential buildings. The booming real estate sector and the high demand from residential and commercial sectors is the key factor contributing to the increased market demand for the forecast period. The growing prevalence of chronic diseases, the demand for quality healthcare services, and the need to develop the education industry to improve the country's economic conditions are expected to influence the demand of the Cement market. The surge in demand for the construction of intuitional buildings to boost the healthcare and educational sector in the country is expected to accelerate the demand for the Turkey Cement market growth. The rise in the number of nuclear families fueling the demand for the construction of separate homes and the growing demand for accommodation facilities in the urban areas is expected to foster the demand for the Turkey Cement market. The surge in the per capita income of the consumers is propelling the affordability of the consumers to invest in the real estate, and the construction of quality and aesthetically appealing buildings is, in turn, boosting the demand for the Turkey Cement market. The rise in the efforts made by the leading authorities to boost the construction industry in the country by launching schemes and policies promoting the infrastructural development and the availability of financial assistance to the consumers is expected to influence the demand for the Turkey Cementmarketforthenextfive years. However, governmentregulations to control the level of carbon emissions may restrain the Turkey Cement market growth for the forecast period. Turkey Cement market is segmented into type, end use, regional distribution, and company. Based on the type, the market is divided into blended, portland, and others. The portland Cement segment followed closely by blended Cement is expected to hold the largest market share for the forecast period. The high demand for Portland Cement from the residential, industrial, and commercial construction sectors is driving the Turkey Cement market. Portland Cement is in high demand for the construction of dams, roads, beams, and panels. The high strength and durability of the Portland Cement make it a preferred option for construction purposes. Portland Cement shows good resistance to shrinkage and cracking and has a lower setting time which is the primary reason for its high preference in construction activities. Blended Cement has several characteristics such as improved workability, lower water demand, lower crack formation due to thermal stress. Akcansa Cement, Oyak Group, Çimsa Cement, Limak Cement, Aşkale Cement, Heidelberg Cement Group, Votorantim Cement, FLSmidth, ADOCIM, Bursa Cement Company are the leading players operating in Turkey Cement market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several Cement manufacturers are comingupwith their technologically advanced offerings. “Stringent regulations set up by the leading authorities to curb the carbon dioxide levels in the environment and the efforts made by the manufacturers to minimize the emission levels are expected to create lucrative opportunities for the Turkey Cement market growth. The growing demand for green and sustainable Cement to lower the impact of harmful emissions on the environment and the growing awareness regarding the use of green Cement is expected to boost the demand for the Turkey Cement market. Also, to fuel the Cement industry, manufacturers are focusing on the development of the Cement export sector to cater to the ongoing construction activities in different countries that are expected to propel the Turkey Cement market till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm. 11

Sample Data -Snapshot Turkey Cement Market Size, By Value (USD Million) & Volume (Million Ton), 2016–2026F 13.00 14.00 15.00 10.00 11.00 12.00 90.00 100.00 110.00 7.00 8.00 9.00 60.00 70.00 80.00 5.00 6.00 30.00 40.00 50.00 10.00 20.00 2016 2020 2021E 2026F CAGR BY VALUE: XX% By Value (USD Million) CAGR BY VALUE: XX% CAGR BY VOLUME: XX% CAGR BY VOLUME: XX% By Volume (Million Ton) Turkey Cement Market Share, By Type, By Value, Turkey Cement Market Share, By Application, By Value, 2016–2026F 2016–2026F OPC PPC Others Residential Commercial Infrastructure Industrial Institutional 2026F 33% 34% 33% 2026F 20% 20% 20% 20% 20% 2025F 33% 34% 33% 2025F 20% 20% 20% 20% 20% 2024F 33% 34% 33% 2024F 20% 20% 20% 20% 20% 2023F 33% 34% 33% 2023F 20% 20% 20% 20% 20% 2022F 33% 34% 33% 2022F 20% 20% 20% 20% 20% 2021E 33% 34% 33% 2021E 20% 20% 20% 20% 20% 2020 33% 34% 33% 2020 20% 20% 20% 20% 20% 2019 33% 34% 33% 2019 20% 20% 20% 20% 20% 2018 33% 34% 33% 2018 20% 20% 20% 20% 20% 2017 33% 34% 33% 2017 20% 20% 20% 20% 20% 2016 33% 34% 33% 2016 20% 20% 20% 20% 20% Turkey Cement Market Share, By Company, By Value, 2020 100% 25% 20% 17% 12% 8% Total Company 1 Company 2 Company 3 Company 4 Company 5 12

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