Saudi Arabia - Cement Market by Application, Type, and Location - Forecast and Analysis 2024-2028

Published: Nov 2023

Pages: 142

SKU: IRTNTR70277

Snapshot

Saudi Arabia - Cement Market 2024-2028

The Saudi Arabia - cement market size is estimated to grow at a CAGR of 6.27% between 2023 and 2028. The market size is forecast to increase by USD 2.25 billion. Several factors play a crucial role in the market's growth, such as the launch of Saudi Vision 2030, the increased government spending on infrastructure, and the growth of the housing mortgage sector.

The report includes a comprehensive outlook on the Saudi Arabia Cement Market, offering forecasts for the industry segmented by Application including residential and commercial. Additionally, it categorizesType into blended, portland, and others. The report provides market size, historical data spanning from 2018-2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.

What will be the size of the Saudi Arabia Cement Market During the Forecast Period?

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Saudi Arabia Cement Market: Key Drivers, Trends and Challenges

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Saudi Arabia Cement Market Driver

Increased government spending on infrastructure is the key factor driving market growth. Saudi Arabia gives high importance to infrastructure development because infrastructure spending is directly proportional to economic growth. This is because rapid economic growth provides jobs and delivers important services such as energy, housing, and clean water supply. A country's strong infrastructure encourages multinational companies (MNCs) to make heavy investments and set up their establishments.

In addition, apart from the overall development of the whole economy, it also affects the living standards and human development index of a country. It helps in meeting various demands created by the expansion of the population and the increasing spending power of citizens. Therefore, increased government spending on infrastructure will drive the Saudi Arabia cement market during the forecast period.

Key Saudi Arabia Cement Market Trends

The construction of low-power-consuming cement plants is the primary trend shaping market growth. The cement industry is one of the world's highest energy-intensive industries, with fuel and energy costs normally representing approximately 30%-40% of total production costs. On average, the specific electrical energy consumption typically ranges between 90 and 130 kWh per ton of cement. With the proposed cut in energy subsidies that are expected to take place in the future, market players are looking for alternative ways to counter the expected increase in production costs.

Moreover, major players in the Saudi Arabia - cement market, such as Yamama Cement and Saudi Cement, are investing in new infrastructure to increase production efficiency and reduce power consumption. This trend among cement companies in the region is expected to balance the anticipated increase in production costs over the long term, which in turn will positively impact the market in focus during the forecast period.

Key Saudi Arabia Cement Market Challenge

Expat levy on foreign nationals is a challenge that affects market growth. The government of Saudi Arabia implemented an expat levy on sponsoring foreign nationals. This monthly levy, which is applicable for both employees and their dependents, is expected to increase at a steady rate over a four-year period. This expat levy is especially taxing on companies that have a workforce comprising more foreign nationals than Saudi nationals.

Moreover, in an industry heavily dependent on manpower, expat levies will reduce the inflow of blue-collar workers into the country, affecting the growth of the cement market. Consequently, this scenario is expected to impede the growth of the Saudi Arabia cement market during the forecast period.

Saudi Arabia Cement Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Who are the Major Saudi Arabia Cement Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Al Rashed Cement Co.: The company offers cements such as grey cement and white cement.

The research report also includes detailed analyses of the competitive landscape of the market and information about 14 market companies, including:

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

What is the Largest-Growing Segments in the Saudi Arabia Cement Market?

The residential segment is estimated to witness significant growth during the forecast period. The announcement of housing initiatives by the Saudi Ministry of Housing is expected to drive the growth of the residential application segment. In April 2020, Saudi Arabia's Ministry of Housing announced two new residential projects, namely Obhur Park and Mogan Village, located in Jeddah. The projects were initiated in partnership with the private sector to provide a total of 8,083 housing units.

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The residential segment was the largest segment and was valued at USD 3.40 billion in 2018. Likewise, in November 2020, Saudi Arabia's ROSHN announced its plans for the Riyadh Community Project. The project will be spread across 20 million square meters and consist of over 30,000 homes. The housing projects announced would encompass additional infrastructures such as playgrounds, mosques, and family entertainment platforms. Such initiatives are expected to benefit the cement industry during the forecast period.

Segment Overview

The Saudi Arabia cement market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2018-2028.

Application Outlook
- Residential
- Commercial

Type Outlook
- Blended
- Portland
- Others

Saudi Arabia Cement Market Scope
Report Coverage	Details
Page number	142
Base year	2023
Historic period	2018-2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 6.27%
Market Growth 2024-2028	USD 2.25 billion
Market structure	Concentrated
YoY growth 2023-2024(%)	5.69
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Al Madina Cement Co., Al Rashed Cement Co., Al Safwa Ltd., Epcco Publishing Group Ltd., Hail Cement Co., Najran Cement Co., Northern Region Cement Co., Qassim Cement Co., Saudi Cement Co., Tabuk Cement Co., Umm Al Qura Cement Co., United Cement Industrial 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 recovery analysis 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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What are the Key Data Covered in this Saudi Arabia Cement Market Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the market between 2024 and 2028
Precise estimation of the market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the market across Saudi Arabia
A thorough analysis of the market’s competitive landscape and detailed information about companies
Comprehensive analysis of factors that will challenge the growth of market companies

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Location
- Exhibit 07: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 08: Parent market
- Exhibit 09: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 10: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 11: Market segments

3.3 Market size 2023

3.4 Market outlook: Forecast for 2023-2028
- Exhibit 12: Chart on Saudi Arabia - Market size and forecast 2023-2028 ($ million)
- Exhibit 13: Data Table on Saudi Arabia - Market size and forecast 2023-2028 ($ million)
- Exhibit 14: Chart on Saudi Arabia: Year-over-year growth 2023-2028 (%)
- Exhibit 15: Data Table on Saudi Arabia: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Cement market in Saudi Arabia 2018 - 2022
- Exhibit 16: Historic Market Size – Data Table on cement market in saudi Arabia 2018 - 2022 ($ million)

4.2 Application Segment Analysis 2018 - 2022
- Exhibit 17: Historic Market Size – Application Segment 2018 - 2022 ($ million)

4.3 Type Segment Analysis 2018 - 2022
- Exhibit 18: Historic Market Size – Type Segment 2018 - 2022 ($ million)

4.4 Location Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Location Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 20: Five forces analysis - Comparison between 2023 and 2028

5.2 Bargaining power of buyers
- Exhibit 21: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028

5.3 Bargaining power of suppliers
- Exhibit 22: Bargaining power of suppliers – Impact of key factors in 2023 and 2028

5.4 Threat of new entrants
- Exhibit 23: Threat of new entrants – Impact of key factors in 2023 and 2028

5.5 Threat of substitutes
- Exhibit 24: Threat of substitutes – Impact of key factors in 2023 and 2028

5.6 Threat of rivalry
- Exhibit 25: Threat of rivalry – Impact of key factors in 2023 and 2028

5.7 Market condition
- Exhibit 26: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

6.1 Market segments
- Exhibit 27: Chart on Application - Market share 2023-2028 (%)
- Exhibit 28: Data Table on Application - Market share 2023-2028 (%)

6.2 Comparison by Application
- Exhibit 29: Chart on Comparison by Application
- Exhibit 30: Data Table on Comparison by Application

6.3 Residential - Market size and forecast 2023-2028
- Exhibit 31: Chart on Residential - Market size and forecast 2023-2028 ($ million)
- Exhibit 32: Data Table on Residential - Market size and forecast 2023-2028 ($ million)
- Exhibit 33: Chart on Residential - Year-over-year growth 2023-2028 (%)
- Exhibit 34: Data Table on Residential - Year-over-year growth 2023-2028 (%)

6.4 Commercial - Market size and forecast 2023-2028
- Exhibit 35: Chart on Commercial - Market size and forecast 2023-2028 ($ million)
- Exhibit 36: Data Table on Commercial - Market size and forecast 2023-2028 ($ million)
- Exhibit 37: Chart on Commercial - Year-over-year growth 2023-2028 (%)
- Exhibit 38: Data Table on Commercial - Year-over-year growth 2023-2028 (%)

6.5 Market opportunity by Application
- Exhibit 39: Market opportunity by Application ($ million)
- Exhibit 40: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Type

7.1 Market segments
- Exhibit 41: Chart on Type - Market share 2023-2028 (%)
- Exhibit 42: Data Table on Type - Market share 2023-2028 (%)

7.2 Comparison by Type
- Exhibit 43: Chart on Comparison by Type
- Exhibit 44: Data Table on Comparison by Type

7.3 Blended - Market size and forecast 2023-2028
- Exhibit 45: Chart on Blended - Market size and forecast 2023-2028 ($ million)
- Exhibit 46: Data Table on Blended - Market size and forecast 2023-2028 ($ million)
- Exhibit 47: Chart on Blended - Year-over-year growth 2023-2028 (%)
- Exhibit 48: Data Table on Blended - Year-over-year growth 2023-2028 (%)

7.4 Portland - Market size and forecast 2023-2028
- Exhibit 49: Chart on Portland - Market size and forecast 2023-2028 ($ million)
- Exhibit 50: Data Table on Portland - Market size and forecast 2023-2028 ($ million)
- Exhibit 51: Chart on Portland - Year-over-year growth 2023-2028 (%)
- Exhibit 52: Data Table on Portland - Year-over-year growth 2023-2028 (%)

7.5 Others - Market size and forecast 2023-2028
- Exhibit 53: Chart on Others - Market size and forecast 2023-2028 ($ million)
- Exhibit 54: Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Exhibit 55: Chart on Others - Year-over-year growth 2023-2028 (%)
- Exhibit 56: Data Table on Others - Year-over-year growth 2023-2028 (%)

7.6 Market opportunity by Type
- Exhibit 57: Market opportunity by Type ($ million)
- Exhibit 58: Data Table on Market opportunity by Type ($ million)

8 Market Segmentation by Location

8.1 Market segments
- Exhibit 59: Chart on Location - Market share 2023-2028 (%)
- Exhibit 60: Data Table on Location - Market share 2023-2028 (%)

8.2 Comparison by Location
- Exhibit 61: Chart on Comparison by Location
- Exhibit 62: Data Table on Comparison by Location

8.3 Central - Market size and forecast 2023-2028
- Exhibit 63: Chart on Central - Market size and forecast 2023-2028 ($ million)
- Exhibit 64: Data Table on Central - Market size and forecast 2023-2028 ($ million)
- Exhibit 65: Chart on Central - Year-over-year growth 2023-2028 (%)
- Exhibit 66: Data Table on Central - Year-over-year growth 2023-2028 (%)

8.4 Western - Market size and forecast 2023-2028
- Exhibit 67: Chart on Western - Market size and forecast 2023-2028 ($ million)
- Exhibit 68: Data Table on Western - Market size and forecast 2023-2028 ($ million)
- Exhibit 69: Chart on Western - Year-over-year growth 2023-2028 (%)
- Exhibit 70: Data Table on Western - Year-over-year growth 2023-2028 (%)

8.5 Southern - Market size and forecast 2023-2028
- Exhibit 71: Chart on Southern - Market size and forecast 2023-2028 ($ million)
- Exhibit 72: Data Table on Southern - Market size and forecast 2023-2028 ($ million)
- Exhibit 73: Chart on Southern - Year-over-year growth 2023-2028 (%)
- Exhibit 74: Data Table on Southern - Year-over-year growth 2023-2028 (%)

8.6 Eastern - Market size and forecast 2023-2028
- Exhibit 75: Chart on Eastern - Market size and forecast 2023-2028 ($ million)
- Exhibit 76: Data Table on Eastern - Market size and forecast 2023-2028 ($ million)
- Exhibit 77: Chart on Eastern - Year-over-year growth 2023-2028 (%)
- Exhibit 78: Data Table on Eastern - Year-over-year growth 2023-2028 (%)

8.7 Northern - Market size and forecast 2023-2028
- Exhibit 79: Chart on Northern - Market size and forecast 2023-2028 ($ million)
- Exhibit 80: Data Table on Northern - Market size and forecast 2023-2028 ($ million)
- Exhibit 81: Chart on Northern - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on Northern - Year-over-year growth 2023-2028 (%)

8.8 Market opportunity by Location
- Exhibit 83: Market opportunity by Location ($ million)
- Exhibit 84: Data Table on Market opportunity by Location ($ million)

9 Customer Landscape

9.1 Customer landscape overview
- Exhibit 85: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 86: Impact of drivers and challenges in 2023 and 2028

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 87: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 88: Overview on factors of disruption

11.4 Industry risks
- Exhibit 89: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 90: Vendors covered

12.2 Market positioning of vendors
- Exhibit 91: Matrix on vendor position and classification

12.3 Al Madina Cement Co.
- Exhibit 92: Al Madina Cement Co. - Overview
- Exhibit 93: Al Madina Cement Co. - Product / Service
- Exhibit 94: Al Madina Cement Co. - Key offerings

12.4 Al Rashed Cement Co.
- Exhibit 95: Al Rashed Cement Co. - Overview
- Exhibit 96: Al Rashed Cement Co. - Product / Service
- Exhibit 97: Al Rashed Cement Co. - Key offerings

12.5 Al Safwa Ltd.
- Exhibit 98: Al Safwa Ltd. - Overview
- Exhibit 99: Al Safwa Ltd. - Product / Service
- Exhibit 100: Al Safwa Ltd. - Key offerings

12.6 Epcco Publishing Group Ltd.
- Exhibit 101: Epcco Publishing Group Ltd. - Overview
- Exhibit 102: Epcco Publishing Group Ltd. - Product / Service
- Exhibit 103: Epcco Publishing Group Ltd. - Key offerings

12.7 Hail Cement Co.
- Exhibit 104: Hail Cement Co. - Overview
- Exhibit 105: Hail Cement Co. - Product / Service
- Exhibit 106: Hail Cement Co. - Key offerings

12.8 Najran Cement Co.
- Exhibit 107: Najran Cement Co. - Overview
- Exhibit 108: Najran Cement Co. - Product / Service
- Exhibit 109: Najran Cement Co. - Key offerings

12.9 Northern Region Cement Co.
- Exhibit 110: Northern Region Cement Co. - Overview
- Exhibit 111: Northern Region Cement Co. - Product / Service
- Exhibit 112: Northern Region Cement Co. - Key offerings

12.10 Qassim Cement Co.
- Exhibit 113: Qassim Cement Co. - Overview
- Exhibit 114: Qassim Cement Co. - Product / Service
- Exhibit 115: Qassim Cement Co. - Key offerings

12.11 Saudi Cement Co.
- Exhibit 116: Saudi Cement Co. - Overview
- Exhibit 117: Saudi Cement Co. - Product / Service
- Exhibit 118: Saudi Cement Co. - Key offerings

12.12 Tabuk Cement Co.
- Exhibit 119: Tabuk Cement Co. - Overview
- Exhibit 120: Tabuk Cement Co. - Product / Service
- Exhibit 121: Tabuk Cement Co. - Key offerings

12.13 Umm Al Qura Cement Co.
- Exhibit 122: Umm Al Qura Cement Co. - Overview
- Exhibit 123: Umm Al Qura Cement Co. - Product / Service
- Exhibit 124: Umm Al Qura Cement Co. - Key offerings

12.14 United Cement Industrial Co.
- Exhibit 125: United Cement Industrial Co. - Overview
- Exhibit 126: United Cement Industrial Co. - Product / Service
- Exhibit 127: United Cement Industrial Co. - Key offerings

12.15 Yamama Saudi Cement Co.
- Exhibit 128: Yamama Saudi Cement Co. - Overview
- Exhibit 129: Yamama Saudi Cement Co. - Product / Service
- Exhibit 130: Yamama Saudi Cement Co. - Key offerings

12.16 Yanbu Cement Co.
- Exhibit 131: Yanbu Cement Co. - Overview
- Exhibit 132: Yanbu Cement Co. - Product / Service
- Exhibit 133: Yanbu Cement Co. - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 134: Inclusions checklist
- Exhibit 135: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 136: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 137: Research methodology
- Exhibit 138: Validation techniques employed for market sizing
- Exhibit 139: Information sources

13.5 List of abbreviations
- Exhibit 140: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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