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The Saudi Arabia - Ready Mix Cement Market is estimated to grow at a CAGR of 5.89% between 2023 and 2028. The market size is forecast to increase by USD 1.91 billion. The growth of the market depends on several factors, including the launch of Saudi Vision 2030, the increased government investments in infrastructure, and the growth of the housing mortgage sector.
The report offers extensive research analysis of Saudi Arabia - Ready Mix Cement Market, with a categorization based on Product, including transit mixed and shrink mixed. It further segments the market by Application, encompassing non-residential and residential. Additionally, the report provides Method segmentation, including volumetric mixer, and in-transit mixer. Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD billion) for all the mentioned segments.
Ready mix cement, also known as ready mix concrete, is a construction material manufactured in a factory or a plant within specific guidelines, such as 3 three parts aggregates, 2 two parts water, and 1-one part cement. When aggregates are mixed together with dry Portland cement and water, the mixture forms a thick fluid mass that easily molds to a predefined shape. The cement reacts chemically with the water and other ingredients to form a hard component that binds other materials. Ready mix cement is delivered to a construction site using a truck equipped with transit mixers.
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One of the key factors driving the Saudi Arabia ready mix cement market growth is the increased government investments in infrastructure. Several government infrastructure projects are planned in Saudi Arabia between 2021 to 2023. In addition, many of these projects are big in terms of investments. Furthermore, Saudi Arabia gives high importance to infrastructure development because infrastructure spending is directly proportional to economic growth. Moreover, this is because rapid economic growth provides jobs and delivers important services such as energy, housing, and clean water supply. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the Saudi Arabia ready mix cement market growth during the forecast period.
A key factor shaping the Saudi Arabia ready mix cement market growth is the growing popularity of geopolymer cement concrete. Geopolymers refer to construction materials made from fly ash, granulated slag, and sodium silicate, which are increasingly used in cement due to superior properties such as resistance to acid, control of high temperature, and ability to impart high strength to buildings. In addition, raw materials such as cement, geopolymers, and aggregates are used in large quantities during concrete production. Moreover, geopolymers are used in concrete production to reduce carbon dioxide emissions. Moreover, one of the widely used concretes in the construction market is geopolymer cement concretes (GPCCs). In addition, they exhibit high durability and offer enhanced resistance to chloride penetration and acid attacks. Hence, such factors are driving the Saudi Arabia ready mix cement market growth during the forecast period.
High operating costs of ready mix cement are one of the key challenges hindering the Saudi Arabia ready mix cement market growth. To produce ready mix concrete, several raw materials including cement, aggregates, and additives are required in large quantities. In addition, ready mix concrete is more expensive than onsite mix concrete because of the extensive use of cement, manufacturing site management, and the transportation of ready mix concrete to construction sites. As a result, these factors tend to increase the total manufacturing cost of ready mix concrete on job sites. Moreover, factors such as the transportation of concrete, which require admixtures, including concrete additives, to prevent the concrete from setting quickly and on-road traffic congestions have increased the operating cost and time for end-users. Hence, such factors are negatively impacting the market. Therefore, it is expected to hinder the Saudi Arabia ready mix cement market growth during the forecast period.
The transit mixed segment is estimated to witness significant growth during the forecast period. Transit mixed concrete segment is also known as dry-batch concrete. In addition, all the basic ingredients, including water, are combined in the truck mixer in this type of ready mix concrete. Furthermore, in the initial loading of the components, the truck's mixer drum rotates rapidly at charging speed, and then this mixer drum then slows its rotation to a regular agitating speed.
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The transit mixed segment was the largest segment and was valued at USD 3.32 billion in 2018. Moreover, transit mixed concrete comes in three variations: concrete mixed at the job site, concrete mixed in transit, and concrete mixed in the yard. In addition, transit-mixing avoids the problem of slump loss and early hardening that result in delays in transportation. Therefore, this type of ready mix concrete is suitable for construction projects that require general or large-quality of concrete. Furthermore, it is widely used for applications such as highways, bridges, harbors, and airport runways. Hence, such factors are fuelling the growth of this segment which in turn drives the Saudi Arabia ready mix cement market growth during the forecast period.
Based on the application, the segment is classified into non-residential and residential. The non-residential segment of the market comprises commercial infrastructure and is inclusive of municipal and other commercial construction. In addition, this segment primarily includes the construction of schools, colleges, amusement parks, hospitals, office spaces, retail outlets, roads, bridges, airports, and other commercial buildings. Ready mix cement is widely used in non-residential construction in Saudi Arabia, primarily due to a rise in the number of infrastructural development projects in Saudi Arabia which drives the Saudi Arabia ready mix cement market growth during the forecast period.
Companies are implementing various strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.
AHQ Sons: The company offers ready mix cement for major infrastructure projects under the brand Dhahran hills ready mix.
The report also includes detailed analyses of the competitive landscape of the market and information about 19 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.
The Saudi Arabia ready mix cement market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Ready Mix Cement Market in Saudi Arabia Scope |
|
Report Coverage |
Details |
Page number |
137 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.89% |
Market growth 2024-2028 |
USD 1.91 billion |
Market structure |
Fragmented |
YoY growth (%) |
5.75 |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AHQ Sons, Al Amam Factory For Concrete and Bricks, Al arabia Construction and Buliding Co., Al Fahd Co., Al Falwa Concrete Ltd., Al Houssain and Al Afaliq Co., Al Kathiri Holding Co., Al Kifah Ready mix and Blocks, Alansari Holding Co., Bina Ready Mix Concrete Products, Green Concrete Company CJSC, MASCO group, Mastour Holding Group, Premco Ready Mix, Qanbar Readymix, QMIX, Ready Mix Saudi Arabia, Riyadh Kingdom Trading and Contracting LLC, Saudi Readymix Concrete Company Ltd., and Unibeton Ready Mix |
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, and Market condition analysis for the forecast period. |
Customization purview |
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