Cement Market size in Saudi Arabia to accelerate at 6% CAGR | Driven by the launch of Saudi Vision 2030 | Technavio
NEW YORK, March 4, 2022 /PRNewswire/ -- Cement Market Facts at a Glance:
NEW YORK, March 4, 2022 /PRNewswire/ -- Cement Market Facts at a Glance:
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According to the recent market study by Technavio, the Cement Market in Saudi Arabia is expected to increase by 1.66 million tons from 2020 to 2025, at an accelerated CAGR of 6%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.
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Vendor Insights-
The cement market is concentrated due to the presence of few players occupying the competitive landscape. These players are adopting various organic and inorganic growth strategies to remain competitive in the market.
Al Safwa Ltd.: The company offers a wide variety of cement used in construction and crafting including POZZOLANIC PORTLAND SUPER CEMENT - PPC 52.5N, PORTLAND CEMENT OPC 52.5N, JODDRAN SUPER 32.5N, PRECASTO 52.5R, SULFATE RESISTANCE CEMENT SRC 52.5N, etc.
Arabian Cement Co. SAE: The company offers two types of cement products including AL MOSALAH CEMENT and AL NASR CEMENT.
Epcco Publishing Group Ltd.: The company offers three types of cement products including Ordinary Portland Cement - OPC (Bulk / Bag), Sulphate Resisting Cement - SRC (Bulk / Bag), and Finishing Cement (Bag).
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Latest Drivers & Trends Driving the Market-
Saudi Arabia launched the Vision 2030 concept in 2016. It is a blueprint for Saudi Arabia's long-term goals and expectations. With this vision, the country is aiming to achieve economic development and reduce the dependency on oil resources. The program is expected to increase the number of residential and non-residential construction projects in the country, thereby driving the demand for cement
The cement industry is one of the most energy-intensive industries globally. On average, the fuel and energy costs typically represent about 30%-40% of the total production cost. With the proposed cut in energy subsidies, vendors are exploring ways to reduce energy consumption. Some cement manufacturers are investing in new infrastructure to enhance production efficiency and reduce power consumption. This growing trend among vendors is expected to have a positive impact on the growth of the market during the forecast period.
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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 million 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. |
Table of Contents:
1. Executive Summary
2. Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
Exhibit 02: Market Characteristics
2.2 Value chain analysis
Exhibit 03: Value chain analysis – Industrial machinery
2.2.1 Inputs
2.2.2 Inbound Logistics
2.2.3 Operations
2.2.4 Outbound Logistics
2.2.5 Marketing and sales
2.2.6 Aftermarket and service
3. Market Sizing
3.1 Market definition
Exhibit 04: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 05: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
Exhibit 06: Country - Market size and forecast 2020 - 2025 (thousand tons)
Exhibit 07: Country market: Year-over-year growth 2020 - 2025 (%)
4. Five Forces Analysis
4.1 Five forces analysis
Exhibit 08: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
Exhibit 08: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 09: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 10: Threat of new entrants
4.5 Threat of substitutes
Exhibit 11: Threat of substitutes
4.6 Threat of rivalry
Exhibit 12: Threat of rivalry
4.7 Market condition
Exhibit 13: Market condition - Five forces 2020
5. Market Segmentation by Application by Volume
5.1 Market segments
The segments covered in this chapter are:
Exhibit 14: Application by volume - Market share 2020-2025 (%)
5.2 Comparison by Application by volume
Exhibit 15: Comparison by Application by volume
5.3 Residential - Market size and forecast 2020-2025 ($ millions)
Exhibit 16: Residential - Market size and forecast 2020-2025 (thousand tons)
Exhibit 17: Residential - Year-over-year growth 2020-2025 (%)
5.4 Commercial - Market size and forecast 2020-2025 ($ millions)
Exhibit 18: Commercial - Market size and forecast 2020-2025 (thousand tons)
Exhibit 19: Commercial - Year-over-year growth 2020-2025 (%)
5.5 Market opportunity by Application by volume
Exhibit 20: Market opportunity by Application by volume
6. Customer landscape
Technavio's customer landscape matrix comparing Drivers of price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rates and Key purchase criteria
Exhibit 21: Customer landscape
7. Regional Landscape
8.1 Geographic segmentation
The regions covered in the report are:
Exhibit 22: Market share by geography 2020-2025 (%)
7.2 Central – Market size and forecast 2020-2025
Exhibit 23: Central - Market size and forecast 2020-2025 (thousand Tons)
Exhibit 24: Central - Year-over-year growth 2020-2025 (%)
7.3 Western - Market size and forecast 2020-2025
Exhibit 25: Western - Market size and forecast 2020-2025 (thousand MT)
Exhibit 26: Western - Year-over-year growth 2020-2025 (%)
7.4 Southern - Market size and forecast 2020-2025
Exhibit 27: Southern - Market size and forecast 2020-2025 (thousand MT)
Exhibit 28: Southern - Year-over-year growth 2020-2025 (%)
7.5 Eastern - Market size and forecast 2020-2025
Exhibit 29: Eastern - Market size and forecast 2020-2025 (thousand MT)
Exhibit 30: Eastern - Year-over-year growth 2020-2025 (%)
7.6 Northern - Market size and forecast 2020-2025
Exhibit 31: Northern - Market size and forecast 2020-2025 (thousand MT)
Exhibit 32: Northern - Year-over-year growth 2020-2025 (%)
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Launch of Saudi Vision 2030
8.1.2 Resumption of cement exports
8.1.3 Growth of housing mortgage sector
8.2 Market challenges
8.2.1 Expat levy on foreign nationals
8.2.2 Impact of removal of fuel subsidies
8.2.3 Stringent regulations regarding cement manufacturing
Exhibit 33: Impact of drivers and challenges
8.3 Market trends
8.3.1 Construction of low power-consuming cement plants
8.3.2 Shift toward sustainable practices in cement industry
8.3.3 Innovations in cement
9. Vendor Landscape
9.1 Overview
Exhibit 34: Vendor landscape
9.2 Landscape disruption
The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025.
Exhibit 35: Landscape disruption
Exhibit 36: Industry risks
10. Vendor Analysis
10.1 Vendors covered
Exhibit 37: Vendors covered
Exhibit 38: Market share analysis, Jan 2021
10.2 Market positioning of vendors
Exhibit 39: Market positioning of vendors
10.3 Al Safwa Ltd.
Exhibit 40: Al Safwa Ltd. - Overview
Exhibit 41: Al Safwa Ltd. - Product and service
Exhibit 42: Al Safwa Ltd. - Key offerings
10.4 Arabian Cement Co. SAE
Exhibit 43: Arabian Cement Co. SAE - Overview
Exhibit 44: Arabian Cement Co. SAE - Product and service
Exhibit 45: Arabian Cement Co. SAE - Key offerings
10.5 Epcco Publishing Group Ltd.
Exhibit 46: Epcco Publishing Group Ltd. - Overview
Exhibit 47: Epcco Publishing Group Ltd. - Product and service
Exhibit 48: Epcco Publishing Group Ltd. - Key offerings
10.6 Najran Cement Co.
Exhibit 49: Najran Cement Co. - Overview
Exhibit 50: Najran Cement Co. - Product and service
Exhibit 51: Najran Cement Co. - Key offerings
10.7 Northern Region Cement Co.
Exhibit 52: Northern Region Cement Co. - Overview
Exhibit 53: Northern Region Cement Co. - Product and service
Exhibit 54: Northern Region Cement Co. - Key offerings
10.8 Saudi Cement Co.
Exhibit 55: Saudi Cement Co. - Overview
Exhibit 56: Saudi Cement Co. - Business segments
Exhibit 57: Saudi Cement Co. - Key offerings
10.9 Southern Province Cement Co.
Exhibit 58: Southern Province Cement Co. - Overview
Exhibit 59: Southern Province Cement Co. - Product and service
Exhibit 60: Southern Province Cement Co. - Key offerings
10.10 Umm Al Qura Cement Co.
Exhibit 61: Umm Al Qura Cement Co. - Overview
Exhibit 62: Umm Al Qura Cement Co. - Product and service
Exhibit 63: Umm Al Qura Cement Co. - Key offerings
10.11 Yamama Saudi Cement Co.
Exhibit 64: Yamama Saudi Cement Co. - Overview
Exhibit 65: Yamama Saudi Cement Co. - Product and service
Exhibit 66: Yamama Saudi Cement Co. - Key offerings
10.12 Yanbu Cement Co.
Exhibit 67: Yanbu Cement Co. - Overview
Exhibit 68: Yanbu Cement Co. - Product and service
Exhibit 69: Yanbu Cement Co. - Key offerings
Exhibit 94: Unilever Group - Key offerings
Exhibit 95: Unilever Group - Segment focus
11. Appendix
11.1 Scope of the report
11.1.1 Market definition
11.1.2 Objectives
11.1.3 Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 70: Currency conversion rates for US$
11.3 Research methodology
Exhibit 71: Research Methodology
Exhibit 72: Validation techniques employed for market sizing
Exhibit 73: Information sources
11.4 List of abbreviations
Exhibit 74: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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