Read the 120-page report with TOC on "Cement Market in Saudi Arabia Analysis Report by Application (Residential and Commercial) and Geography (Central, Western, Southern, and Eastern), and the Segment Forecasts,2021-2025". Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, sales, brand, strategy and market development, and supply functions.
Drivers and Trends
The cement market in Saudi Arabia is driven by the launch of Saudi Vision 2030. This project aims to improve the country's economic development while minimizing the dependence on its oil resources. The National Transformation Program 2020 was announced to reach these goals. The vision of the country's government to reduce the dependency on its oil resources is expected to drive the growth of the construction segment for both residential and non-residential construction projects. This is expected to be a significant driver for the cement market in Saudi Arabia. The expected growth in infrastructure for healthcare, real estate, and religious tourism through proposed non-citizen ownership, retail, and development of cities and sectors is expected to continue to drive the cement market in Saudi Arabia during the forecast period.
The construction of low-power-consuming cement plants is a major trend in the cement market in Saudi Arabia. Cement vendors are looking for alternative methods to counter the expected increase in production costs driven by the proposed cut in energy subsidies during the forecast period. Major players in the cement market in Saudi Arabia, such as Yamama Cement and Saudi Cement, are investing in new infrastructure to increase production efficiency and reduce power consumption. This trend is expected to balance the expected increase in production costs over the long term.
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Some of the Key Players in the Cement Market in Saudi Arabia:
- Al Safwa Ltd.
- Arabian Cement Co. SAE
- Epcco Publishing Group Ltd.
- Najran Cement Co.
- Northern Region Cement Co.
- Saudi Cement Co.
- Southern Province Cement Co.
- Umm Al Qura Cement Co.
- Yamama Saudi Cement Co.
- Yanbu Cement Co.
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Cement Market In Saudi Arabia Application Outlook (Revenue, USD mn tons, 2020-2025)
- Residential - size and forecast 2020-2025
- Commercial - size and forecast 2020-2025
Cement Market In Saudi Arabia Geography Outlook (Revenue, USD mn tons, 2020-2025)
- Central - size and forecast 2020-2025
- Western - size and forecast 2020-2025
- Southern - size and forecast 2020-2025
- Eastern - size and forecast 2020-2025
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Cement Market In Saudi Arabia Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6% |
Market growth 2021-2025 |
1.66 mn tons |
Market structure |
Concentrated |
YoY growth (%) |
5.60 |
Regional analysis |
Saudi Arabia |
Performing market contribution |
Saudi Arabia at 100% |
Key consumer countries |
Saudi Arabia |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Al Safwa Ltd., Arabian Cement Co. SAE, Epcco Publishing Group Ltd., Najran Cement Co., Northern Region Cement Co., Saudi Cement Co., Southern Province Cement Co., Umm Al Qura Cement Co., Yamama Saudi Cement Co., and Yanbu Cement Co. |
Market Dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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