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 is a significant energy consumer, with fuel and electricity expenses accounting for approximately 30-40% of the total production costs. The specific electrical energy consumption for cement production ranges from 90 to 130 kWh per ton. With impending energy subsidy cuts, cement manufacturers in Saudi Arabia, including major players like Yamama Cement and Saudi Cement, are investing in new infrastructure to enhance production efficiency and minimize power consumption, mitigating the anticipated increase in production costs.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
163 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.3% |
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Market growth 2025-2029 |
USD 2387.1 million |
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Market structure |
market_structure.ucfirst |
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YoY growth 2024-2025(%) |
5.0 |
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Key countries |
Saudi Arabia |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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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. Cement is used as a primary construction material in the production of buildings and structures. The country's cement industry includes cement plants that produce various types such as white cement, hydraulic cement, and supplementary cementitious materials. The industry also utilizes natural resources like limestone for cement production. Insulation and construction materials companies also contribute to the market's growth. Natural disasters can impact cement demand due to the need for reconstruction efforts.
In the dynamic business landscape of the global construction materials market, Saudi Arabia represents a significant market for cement, driven by the petroleum industry and various sectors including infrastructure, residential, commercial, and industrial projects. The construction materials market encompasses manufacturers and providers of a range of products, such as sand, clay, gypsum, lime, aggregates, cement, concrete, bricks, and other materials. Factors fueling market expansion include the construction industry's robust growth, with the sector experiencing noteworthy expansion in recent years. This trend is expected to persist, driven by increasing petroleum activities and the subsequent infrastructure development projects. Moreover, the residential, commercial, and industrial sectors continue to contribute to the demand for construction materials in Saudi Arabia. Market fluctuations, particularly oil price movements, may impact the industry's growth trajectory.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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