Latest News- Cement Market in Saudi Arabia: Residential is expected to lead the Application segment during 2025-2029

The Cement Market in Saudi Arabia is being driven by Launch of Saudi Vision 2030

The Cement Market in Saudi Arabia is expected to grow at a CAGR of 6.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2387.1 million. The cement industry, known for its high energy intensity, incurs significant fuel and energy expenses, accounting for approximately 30-40% of total production costs. Specific electrical energy consumption in cement production ranges between 90 and 130 kWh per ton. With anticipated energy subsidy cuts during the forecast period, cement manufacturers in Saudi Arabia, including major players such as Yamama Cement and Saudi Cement, are exploring energy efficiency solutions. Their strategic investments in new infrastructure aim to enhance production efficiency and decrease power consumption, mitigating the impact of rising production costs. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Residential
  • Commercial
• Type
  • Blended
  • Portland
  • Others
• Location
  • Central
  • Western
  • Southern
  • Eastern
  • Northern
• Geography
  • Middle East

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Launch of Saudi Vision 2030
• Increased government spending on infrastructure
• Growth of housing mortgage sector

However, the market also witnesses some limitations, which are as follows:

• Expat levy on foreign nationals
• Impact of removal of fuel subsidies
• Stringent regulations regarding cement manufacturing

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Market Scope in Cement Market in Saudi Arabia Research Report

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Research Analysis Overview

The cement market in Saudi Arabia is primarily driven by the construction sector, with significant demand coming from infrastructure, residential, commercial, industrial, and transportation projects. Construction materials such as concrete, water, stones, gravel, and sand are key components, along with cement plants producing Portland cement, blended cement, white cement, and hydraulic cement. Supplementary cementitious materials like fly ash, slag, limestone, calcium, silicon, aluminum, and iron oxides are also used. The mortgage sector and natural disasters can influence market trends. Other materials like steel, wood, insulation, and various additives are also used in construction.

Market Research Overview

The cement market in Saudi Arabia is a significant segment of the broader global construction materials industry. Key drivers for growth in this market include the petroleum sector, infrastructure development, and increasing construction activity in residential, commercial, industrial, and transportation projects. The construction materials market encompasses manufacturers and providers of various materials, including cement, concrete, and aggregates. Notably, the global construction materials market has experienced substantial expansion due to the upsurge in the building and construction industry. This trend is expected to continue, driven by factors such as oil price movements and the need for infrastructure development in various sectors. In Saudi Arabia, the demand for blended, Portland cement, and concrete is particularly high due to its extensive use in large-scale construction projects.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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