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Aug 11, 2023

Ready Mix Cement Market size In Saudi Arabia to grow by USD 2.47 billion from 2022 to 2027

News provided by 25 Aug, 2023, 02:30 ET Share this article 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

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25 Aug, 2023, 02:30 ET

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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 LandscapeThe 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).

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Ready Mix Cement Market in Saudi Arabia Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 7.75%

Market growth 2023-2027

USD 2.47 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.23

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 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 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

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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 ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com

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