Press Release

Saudi Arabia Cement market is expected to grow at a CAGR of 6.10% Through 2029F

Rise in construction activities and growing government investments & mega projects are expected to drive the Saudi Arabia Cement market in the forecast period.

According to TechSci Research report, “Saudi Arabia Cement Market - By Region, Company Forecast & Opportunities, 2029”, Saudi Arabia Cement Market was valued at USD 1.07 Billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 6.10% through 2029. Infrastructure development driven by Saudi Arabia's Vision 2030 initiative is a key driver of the Kingdom's cement market. Vision 2030 aims to diversify the economy beyond oil dependency by investing in infrastructure, tourism, healthcare, and education. This initiative focuses on enhancing transportation networks, utilities, and urban infrastructure to boost economic productivity, improve living standards, and attract foreign investment. Major projects like the Riyadh Metro, NEOM, Qiddiya, and the Red Sea Project require substantial cement supplies for construction. These projects not only drive cement demand but also create jobs and stimulate economic growth across various sectors. Cement manufacturers benefit from long-term contracts and consistent demand from government-funded projects, ensuring stability amid economic fluctuations. The commitment to infrastructure development under Vision 2030 guarantees a robust pipeline of construction projects, sustaining cement demand in Saudi Arabia. Cement producers are aligning their production capacities and supply chain logistics to meet the requirements of these large-scale initiatives, positioning themselves to capitalize on the Kingdom's ambitious development agenda.

Population growth and urbanization are also significant drivers of the Saudi Arabia cement market, especially in major cities like Riyadh, Jeddah, and Dammam. The Kingdom's population is rapidly increasing due to natural growth and internal migration from rural to urban areas, fueling demand for residential, commercial, and social infrastructure. Urbanization leads to the expansion of residential complexes, commercial centers, industrial zones, and public amenities, all heavily reliant on cement. Cement is essential for constructing homes, offices, schools, hospitals, roads, bridges, and utilities necessary to support growing urban populations. Moreover, rising per capita income and lifestyle changes contribute to increased housing demand and infrastructure development in urban areas. Saudi Arabia's urban centers are continuously expanding, necessitating ongoing construction activity and cement consumption. Cement manufacturers strategically position themselves in urban hubs to cater to localized demand, optimize distribution networks, and ensure timely delivery of construction materials.

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Based on product, Ordinary Portland Cement (OPC) held the largest market share in 2023. OPC is renowned for its versatility and adaptability, making it suitable for a wide range of construction applications. It is the most commonly used type of cement globally and in Saudi Arabia due to its ability to produce concrete with desirable properties such as compressive strength, durability, and workability. This versatility allows OPC to be used in residential buildings, commercial complexes, industrial facilities, infrastructure projects, and public works. In Saudi Arabia, where construction activity is robust and diverse, OPC's universal applicability meets the needs of developers, contractors, and engineers across different types of projects. Whether for building foundations, structural elements, pavements, or decorative finishes, OPC remains the preferred choice due to its reliable performance and consistent quality. The availability of raw materials and production capabilities in Saudi Arabia significantly supports the dominance of OPC in the market. The Kingdom possesses abundant reserves of essential raw materials like limestone, clay, and gypsum, which are critical for cement manufacturing. Cement plants in Saudi Arabia are equipped with modern production facilities that ensure efficient and large-scale production of OPC to meet the country's growing construction demands.

OPC's dominance is reinforced by its established market presence and acceptance among construction professionals. Engineers and architects in Saudi Arabia are familiar with OPC's characteristics and specifications, which simplifies the design and construction process. Standardized mixes and well-documented performance data make OPC a preferred choice for achieving desired structural integrity and longevity in buildings and infrastructure. Economic factors also contribute to OPC's dominance in the Saudi Arabia cement market. It generally offers a cost-effective solution compared to specialized types of cement like white cement or fiber cement, making it financially viable for large-scale construction projects and mass housing developments. The affordability of OPC aligns with the Kingdom's goals of sustainable urban development and infrastructure expansion under initiatives such as Vision 2030. The regulatory environment and industry standards in Saudi Arabia support the production and use of OPC. Cement manufacturers adhere to stringent quality control measures and environmental regulations, ensuring that OPC meets national and international standards for strength, durability, and sustainability.

Key Market players in the Saudi Arabia Cement Market are:

  • Holcim Ltd
  • Saudi Cement Company
  • Heidelberg Materials AG
  • Cemex SAB de CV
  • China Resources Building Materials Technology Holdings Limited
  • UltraTech Cement Limited
  • Dangote Cement Plc.
  • Buzzi SpA
  • Votorantim Cimentos S.A.
  • CRH plc

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“The Saudi Arabia cement market presents a robust and promising opportunity fueled by Vision 2030 infrastructure projects, rapid urbanization, and expanding construction activities. With rising demand for residential, commercial, industrial, and public infrastructure, there is a substantial requirement for cement as a fundamental construction material. Cement manufacturers can seize this opportunity by scaling up production capacities, driving innovation in products, advocating sustainable practices, and forming strategic partnerships. This market offers pathways to achieve sustained growth, profitability, and contribute significantly to the Kingdom's economic diversification objectives”, said Mr. Karan Chechi, Research Director of TechSci Research, a global research-based management consulting firm.

Saudi Arabia Cement Market By End User (Commercial, Industrial and Institutional, Infrastructure, Residential), By Product (Blended Cement, Fiber Cement, Ordinary Portland Cement, White Cement), By Region, Competition, Forecast & Opportunities 2019-2029F”, has evaluated the future growth potential of Saudi Arabia Cement market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of Saudi Arabia Cement market.


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