Summary

KSA Cement Market Size & Trends

The KSA cement market size was estimated at USD 3.99 billion in 2023 and is projected to grow at a CAGR of 7.0% from 2024 to 2030. This market is driven by its rising application in the construction industry in the country owing to the country's ambitious Vision 2030 initiative, which focuses on extensive infrastructure and urban development. The rapid urbanization and expansion of major cities, coupled with a surge in population, are fueling a robust demand for residential and commercial construction. Additionally, ongoing economic diversification efforts and increased private sector investments in real estate and construction further stimulate product consumption.

The Saudi Vision 2030 plan is a significant catalyst for the product market. This blueprint for economic diversification and modernization includes extensive infrastructure projects such as new highways, bridges, airports, and public transportation systems. These large-scale projects require substantial amounts of product, driving up demand and fostering industry growth. Notable examples include the development of the King Abdulaziz International Airport expansion and the Red Sea Project, which necessitate high volumes of product for construction.

Rapid urbanization in Saudi Arabia, particularly in major cities like Riyadh, Jeddah, and Dammam, is a major driver of product demand. The ongoing expansion and modernization of urban areas lead to increased construction of residential, commercial, and mixed-use developments. As new residential neighborhoods and commercial centers are built to accommodate a growing urban population, the demand for products continues to rise.

Moreover, Saudi Arabia's efforts to reduce its economic reliance on oil are resulting in significant investments across various sectors, including real estate, tourism, and entertainment. This diversification strategy includes the development of new business hubs, tourism destinations, and recreational facilities, all of which require considerable product for construction. Projects like the NEOM city and the Red Sea tourism developments are prime examples of initiatives driving product consumption.

The Saudi Arabian product market faces several restraints that could impact its growth trajectory. One significant challenge is the volatility of raw material prices, particularly for key inputs like clinker, limestone, and gypsum. Fluctuations in these costs can lead to increased production expenses and affect profit margins for product manufacturers. Additionally, the industry is grappling with overcapacity issues, which can lead to intense competition and pricing pressures among producers.

KSA Cement Market Report Segmentation

This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the KSA cement market report-based product and end use.

• Product Type Outlook (Volume, Million Tons; Revenue, USD Million, 2018 - 2030)
• Portland Cement
• White Cement
• Others
• End Use Type Outlook (Volume, Million Tons; Revenue, USD Million, 2018 - 2030)
• Residential Buildings
• Non-residential Buildings
• Pavement/Street Construction

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Table of Contents

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
Chapter 3. KSA Cement Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.2.1. Raw Material Trends
3.2.2. Manufacturing/ Technology Trends
3.2.3. Sales Channel Analysis
3.2.4. Price Trend Analysis
3.2.4.1. Factors Influencing Prices
3.3. Regulatory Framework, By Regions
3.4. Supply Demand Analysis
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
3.5.4. Industry Opportunities
3.6. Industry Analysis Tools
3.6.1. Porter’s Five Forces Analysis
3.6.2. Macro-environmental Analysis
Chapter 4. KSA Cement Market: Product Type Estimates & Trend Analysis
4.1. Product Type Movement Analysis & Market Share, 2023 & 2030
4.2. Portland Cement
4.2.1. KSA Portland Cement Market Estimates & Forecast, 2018 to 2030 (USD Million) (Million Tons)
4.3. White Cement
4.3.1. White KSA Cement Market Estimates & Forecast, 2018 to 2030 (USD Million) (Million Tons)
4.4. Others
4.4.1. Other Cement Market Estimates & Forecast, 2018 to 2030 (USD Million) (Million Tons)
Chapter 5. KSA Cement Market: End Use Estimates & Trend Analysis
5.1. End Use Movement Analysis & Market Share, 2023 & 2030
5.2. Residential Buildings
5.2.1. KSA Cement Market Estimates & Forecast, in Residential Buildings, 2018 to 2030 (USD Million) (Million Tons)
5.3. Non-residential Buildings
5.3.1. KSA Cement Market Estimates & Forecast, in Non-residential Buildings, 2018 to 2030 (USD Million) (Million Tons)
5.4. Pavement/Street Construction
5.4.1. KSA Cement Market Estimates & Forecast, in Pavement/Street Construction, 2018 to 2030 (USD Million) (Million Tons)
Chapter 6. KSA Cement Market - Competitive Landscape
6.1. Recent Developments & Impact Analysis, By Key Market Participants
6.2. Key Company Categorization
6.3. Company Heat Map Analysis
6.4. Vendor Landscape
6.4.1. List of Distributors
6.5. Strategy Mapping
6.6. Company Profiles
6.6.1. Saudi Cement
6.6.1.1. Participant’s overview
6.6.1.2. Financial performance
6.6.1.3. Product benchmarking
6.6.1.4. Recent developments
6.6.2. Najran Cement
6.6.2.1. Participant’s overview
6.6.2.2. Financial performance
6.6.2.3. Product benchmarking
6.6.2.4. Recent developments
6.6.3. Yanbu Cement
6.6.3.1. Participant’s overview
6.6.3.2. Financial performance
6.6.3.3. Product benchmarking
6.6.3.4. Recent developments
6.6.4. Arabian Cement
6.6.4.1. Participant’s overview
6.6.4.2. Financial performance
6.6.4.3. Product benchmarking
6.6.4.4. Recent developments
6.6.5. Qassim Cement
6.6.5.1. Participant’s overview
6.6.5.2. Financial performance
6.6.5.3. Product benchmarking
6.6.5.4. Recent developments
6.6.6. Al Safwa Cement
6.6.6.1. Participant’s overview
6.6.6.2. Financial performance
6.6.6.3. Product benchmarking
6.6.6.4. Recent developments
6.6.7. Saudi White Cement
6.6.7.1. Participant’s overview
6.6.7.2. Financial performance
6.6.7.3. Product benchmarking
6.6.7.4. Recent developments
6.6.8. City cement
6.6.8.1. Participant’s overview
6.6.8.2. Financial performance
6.6.8.3. Product benchmarking
6.6.8.4. Recent developments
6.6.9. Eastern Province Cement
6.6.9.1. Participant’s overview
6.6.9.2. Financial performance
6.6.9.3. Product benchmarking
6.6.9.4. Recent developments
6.6.10. Tabuk Cement
6.6.10.1. Participant’s overview
6.6.10.2. Financial performance
6.6.10.3. Product benchmarking
6.6.10.4. Recent developments