Saudi Arabia Cement market is
expected to grow at a significant CAGR during the forecast period. Launch of
government initiatives such as Saudi Vision 2030 which aims to promote the
infrastructural activities in the country. This project is expected to propel
the growth of real estate, tourism, healthcare industry, among others. The oil
industry is the major revenue-generating source in Saudi Arabia and the
government’s aim is to reduce the dependence on the oil industry and create
other revenue-generating sources in order to boost the economy. The growing
population in the country requires the construction of more houses which is
influencing the growth of the cement market. The rise in the per capita come is
boosting the affordability of an individual which in turn is fueling the
construction industry thereby the cement market. To cater to the increasing
needs of the population, the rise in the construction of institutional
buildings to develop the healthcare and education sector is expected to fuel
the demand of the cement market. The government is introducing initiatives for
the development of the healthcare sector which is boosting the construction of
more hospital chains and diagnostic centers in Saudi Arabia. The rapid
urbanization of people in search of better job opportunities and quality living
standards is contributing to accelerate the cement market growth.
Saudi Arabia Cement market is
segmented into type, application, regional distribution, and company. Based on
type, the market can be divided into Portland, blended, and others. The blended
cement type segment is expected to account for major market share in the
forecast period, 2023-2027. Blended cement is smoother and contains strength
more than compared to its counterpart. Blended cement reduces the risk of
thermal stress and the problems relating to the alkali-silica reaction.
The major players operating in the
Saudi Arabia Cement market are Arabian Cement Company, Saudi Cement, Yanbu
Cement Company, Yamama Saudi Cement Company, Southern Province Cement Company, Najran
Cement Company, Kiran Saudi Arabia Chems, Alkifah Building Materials Company, Qassim
Cement Company, Saudi White Cement Co and Riyadh Cement Co, among others. Major
companies are developing advanced technologies and launching new services to
stay competitive in the market. Other competitive strategies include mergers
& acquisitions and new service developments.
Objective of the Study:
- To analyze the historical growth of the market
size of Saudi Arabia Cement market from 2017 to 2020.
- To estimate and forecast the market size of Saudi
Arabia Cement market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast Saudi Arabia Cement market
based on type, application, regional distribution, and company.
- To identify dominant region or segment in the Saudi
Arabia Cement market.
- To identify drivers and challenges for Saudi
Arabia Cement market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in Saudi
Arabia Cement market.
- To identify and analyze the profile of leading
players operating in Saudi Arabia Cement market.
- To identify key sustainable strategies adopted
by market players in Saudi Arabia Cement market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers across the globe. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the manufacturers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the manufacturers, distribution channels and presence of all
major players across the globe.
TechSci Research calculated the market size of Saudi Arabia Cement market using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
- Cement manufacturing
companies
- Market research and
consulting firms
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to Cement market
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers, suppliers and partners, end users, etc., besides
allowing them in strategizing investments and capitalizing on market
opportunities.
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Attribute
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Details
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Base Year
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2021
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Historical Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, Volume in Units and CAGR for 2017-2021
and 2022E-2027F
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Report coverage
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Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
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Segments covered
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·
Type
·
Application
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Regional scope
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Western Region, Northern and Central Region, Eastern Region,
Southern Region
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Key companies profiled
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Arabian Cement Company, Saudi Cement, Yanbu Cement Company,
Yamama Saudi Cement Company, Southern Province Cement Company, Najran Cement
Company, Kiran Saudi Arabia Chems, Alkifah Building Materials Company, Qassim
Cement Company, Saudi White Cement Co and Riyadh Cement Co.
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Customization scope
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10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
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Report Scope:
In this report, Saudi Arabia Cement
market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
·
Saudi Arabia Cement Market, By Type:
- Saudi Arabia Cement Market, By Application:
- Residential
- Commercial
- Infrastructure
- Industrial
- Institutional
- Saudi Arabia Cement
Market, By Region:
o Western Region
o Northern & Central Region
o Eastern Region
o Southern Region
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in Saudi Arabia Cement market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
Saudi Arabia Cement market is an upcoming report to
be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at [email protected]