Ready Mix Cement Market size In Saudi Arabia to grow by USD 2.47 billion from 2022 to 2027 | Launch of Saudi Vision 2030 to boost market growth - Technavio

NEW YORK, Aug. 25, 2023 /PRNewswire/ -- The ready-mix cement market in Saudi Arabia is estimated to grow at a CAGR of 7.75% and the size of the market is forecast to increase by USD 2.47 billion between 2022 and 2027. For Comprehensive details on the market size of the historical period(2017 to 2021) and forecast period (2023-2027) - View the Sample report

Company Landscape
The ready-mix cement market in Saudi Arabia is fragmented; the companies are competing with competitors and are trying to get a greater market share. The market is growing, and the chances of new entrants cannot be overlooked. The major companies have well-established economies of scale and market presence and generally rely on positioning technological advances, and the price of the products -The report provides a full list of key companies, their strategies, and the latest developments. Buy Now

Market Dynamics

Key Driver

The launch of Saudi Vision 2030 is a key factor driving market growth.

Major Trends

The growing popularity of geopolymer cement concrete is a major trend in the market. Geopolymers, a building material made from fly ash, granulated slag, and sodium silicate, are increasingly used in cement due to properties such as acid resistance, temperature control, and improved resistance. Furthermore, geopolymers help reduce carbon dioxide emissions in concrete production. Geopolymer Cement Concrete (GPCC) stands out in construction, including Saudi Arabia's smart community program, which focuses on building cities with superior infrastructure for premium lifestyles. Thus, such factors are expected to drive market growth during the forecast period.

Significant Challenge

The high operating costs are significant challenges restricting market growth. 

Technavio has identified key trends, drivers, and challenges in the market, which will help clients improve their strategies to stay ahead of their competitors. - View Sample Report

Company Profiles

The ready mix cement market in Saudi Arabia report includes information on the product launches, sustainability, and prospects of leading companies including AHQ Sons, Al Amam Factory For Concrete and Bricks, Al Fahd Co., Al Faisal For Ready-mix Concrete and Block, Al Falwa Concrete Ltd., Al Houssain and Al Afaliq Co., Al Kathiri Holding Co., Al Kifah Ready-mix and Blocks, Al Sharq Ready Mix Concrete Co., Alansari Holding Co., Bina Ready Mix Concrete Products, Eastern Trading and Const. Est., Green Concrete Co., Mastour ReadyMix, Premco Ready Mix, Qanbar Readymix, QMIX, Riyadh Kingdom Trading and Contracting LLC, Saudi Readymix Concrete Company Ltd., and Unibeton Ready Mix.

 Market Segmentation

The market is segmented by product (transit mixed and shrink mixed), application (non-residential and residential), and type (volumetric mixer and in-transit mixer).

• The Saudi Arabia ready mix cement market share growth by the transit mixed segment will be significant during the forecast period. Transport Mixed Concrete, also known as Dry Concrete, involves combining all the essential ingredients, including water, in a mixer truck. This method ensures controlled production, reducing dust pollution. Builders and contractors in Saudi Arabia prefer this method because of its advantages. Moreover, with the development of infrastructure projects, housing, and commercial buildings in the country, the demand for mixed concrete is increasing. Hence, these factors are expected to drive segment growth in the market during the forecast period.

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Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Product

7 Market Segmentation by Application

8 Market Segmentation by Type

9 Customer Landscape

10 Geographic Landscape

11 Drivers, Challenges, and Trends

12 Company Landscape

13 Company Analysis

14 Appendix

About US

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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 consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. 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.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

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