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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 — Cement Market Facts at a Glance:

Total Pages: 120 Companies: 10+ – Including 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. Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape; COVID impact & recovery analysis Segments: Application (residential and commercial) Geographies: Central, Western, Southern, Eastern, and Northern

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.

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).
Latest Drivers & Trends Driving the Market-
Cement Market in Saudi Arabia: Key driver Launch of Saudi Vision 203
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
Cement Market in Saudi Arabia: Key trend Construction of low-power-consuming cement plants:
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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