The cement market in the Kingdom of Saudi Arabia is highly diversified due to the presence of a large number of players, states Transparency Market Research (TMR) in a new report. The competition among the leading players in the Kingdom of Saudi Arabia cement market is intense as they strive to gain a competitive advantage over each other through a high level of forward integration. The prime companies in the Kingdom of Saudi Arabia cement market are attempting to combat cost pressures with economies of scale.

Several leading cement companies in the Kingdom of Saudi Arabia are located in the southern and western regions. However, the rising demand for cement from the central and eastern regions is putting excess pressure on a few companies serving in the region, thus impelling them to enhance their production capacity. The three leading companies, Saudi Cement Company, Yanbu Cement Company, and Yamama Cement Company, accounted for a share of 44.8% in 2013 in the Kingdom of Saudi Arabia cement market.

Download And Get Sample PDF File Of Cement Industry: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4015

The Kingdom of Saudi Arabia cement market is projected to rise at a CAGR of 5.5% from 2014 to 2020. The market was worth US$3,756.5 mn in 2015 and is estimated to touch US$5,071.2 mn by 2020. In terms of application, the infrastructural segment emerged dominant in 2013 with a share of 50.2% in the cement market for the Kingdom of Saudi Arabia. It is expected to retain a lead with an estimated share of 51.0% by 2020. The robust growth in the infrastructure of Saudi Arabia is the primary factor driving the growth of the cement market in the country. As a result of the rising construction activities in emerging cities of Jubail, Riyadh, and Jeddah, the demand for cement is expected to intensify over the forthcoming years.

Central Region of Saudi Arabia to Lead in terms of Cement Consumption

Region-wise, the central region emerged as the leading consumer of cement in Saudi Arabia followed by the western region. The market for cement in the central region of the Kingdom of Saudi Arabia stood at a valuation of US$799.4 mn in 2015 and is likely to rise to US$1,096.9 mn by the end of 2020. The growth in the cement market in the central region can be attributed to the burgeoning number of construction projects in the region coupled with the rising number of commercial and residential buildings. Moreover, ongoing infrastructure projects such as the construction of bridges and roads are likely to drive the progress of the cement market in future.

Dynamic Demographic Structure to Drive Cement Market in Saudi Arabia

Growing population and changing demographics are stated to steer investments in a country. According to a TMR analyst, “Owing to the rising land prices and dearth of small housing units, the Kingdom of Saudi Arabia is facing shortage of feasible housing for medium and low income civilians.” As a result of this, the demand for the construction of new buildings is significantly increasing, in turn impelling the government to increasing investments and funding for construction of new buildings and infrastructural activities. The changing demographics of the country are anticipated to push the number of construction projects in the region, further resulting in a rise in the demand for cement in the country.

Browse Market Research Report with ToC & Free Analysis: http://www.transparencymarketresearch.com/saudi-arabia-cement-market.html

Cut Down in Fuel Supply to Act Rogue in Development of Cement Market

Cement companies operating in Saudi Arabia get the benefit of obtaining subsidized natural gas. The natural gas utilized by cement companies is supplied by Saudi Aramco, a state-owned company. With the government focusing on the economic development of the country, the possibility exists that the priority of expenditure might change. It is anticipated that this might lead to the discontinuation of subsidized fuel for the cement companies, leading to a rise in the prices of cement. The rise in cement prices is likely to inhibit the growth of the cement market in Saudi Arabia.

The review is based on a report titled, “Cement Market - Kingdom of Saudi Arabia Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020.”

Cement Market - Kingdom of Saudi Arabia Application Analysis
Residential
Commercial
Infrastructure
Others (Including cement bricks)

Cement Market - Kingdom of Saudi Arabia Regional Analysis
Central
Eastern
Northern
Southern
Western

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.