Press Release

Saudi Arabia White Cement Market is expected to grow at a robust CAGR 11.93%

Increase in Demand For Housing and growing tourism and hospitality industry are one of the factors driving the Saudi Arabia White Cement market during the forecast period 2024-2028.

According to TechSci Research report,Saudi Arabia White Cement Market - By Country, Competition, Forecast and Opportunities, 2018-2028”, The Saudi Arabia White Cement Market was valued at USD 165.11 million in 2022 and is growing at a CAGR of 11.93% during the forecast period.

One of the primary drivers fueling the growth of the Saudi Arabia white cement market is the ongoing infrastructural development and the implementation of mega projects across the country. Saudi Arabia has embarked on an ambitious journey to modernize and diversify its economy as part of its Vision 2030 initiative. This has translated into a massive influx of investments in infrastructure, including the construction of iconic buildings, bridges, and entertainment destinations. White cement is highly favored for prestigious architectural and decorative applications in these projects due to its aesthetic appeal and durability. Its use in these monumental constructions adds an element of luxury and sophistication. Notable projects such as the NEOM city development, the Riyadh Metro, and the Qiddiya entertainment city are significant consumers of white cement.

Furthermore, the expansion of the real estate sector, driven by urbanization and population growth, has led to increased demand for white cement in residential and commercial construction. The need for high-quality, visually appealing interiors and exteriors in modern buildings has contributed to the surge in white cement consumption. As these infrastructural projects continue to advance, the Saudi Arabia white cement market is expected to thrive, with manufacturers experiencing sustained demand from both domestic and international investors seeking to participate in the country's development boom.

Government initiatives and support play a pivotal role in driving the Saudi Arabia white cement market. The Saudi Arabian government has taken strategic steps to boost the construction and manufacturing sectors as part of its economic diversification efforts. These initiatives are aimed at reducing the country's reliance on oil revenues and promoting non-oil industries. One such initiative is Vision 2030, which outlines a comprehensive roadmap for economic transformation. Under this vision, the government has facilitated investments in infrastructure, tourism, and real estate, all of which are significant consumers of white cement. Additionally, the regulatory environment has been favorable, with incentives and support provided for the development of the white cement industry.

Furthermore, the government's commitment to large-scale projects like the construction of the Riyadh Metro and the development of tourism and entertainment destinations has created a consistent demand for white cement. This commitment is accompanied by regulatory measures that encourage local production, which has spurred expansion and innovation within the domestic white cement manufacturing sector. In conclusion, the Saudi Arabia white cement market benefits from the country's extensive infrastructural development and mega projects, driven by both domestic and international investments. Additionally, government initiatives and support for economic diversification have created a conducive environment for the growth of the white cement industry, ensuring a steady demand for this specialized construction material in the kingdom.

Browse over 44 market data Figures spread through 123 Pages and an in-depth TOC on the "Saudi Arabia White Cement Market"

Saudi Arabia White Cement Market is segmented into product type, type, end user, application, and region.

Based on application, The Architectural Concrete segment dominated the Saudi Arabia White Cement market with market share of 45.68% in 2022, in terms of application.  White cement offers a neutral tinting foundation and predictable color effects, which is a main benefit when utilizing it for ornamental and architectural concrete. It can be painted in any color, from dazzling white to pastel shades to pure white.  Now a days, Saudi Arabia is focusing on infrastructural development, due to which the demand of architectural concrete is growing rapidly.  The economy of the nation is the largest in the Middle East & eighteenth largest in the world. Saudi Arabia was also the fastest growing G20 economy in 2022-2023.

Moreover, According to the Ministry of Municipal and Rural Affairs, approximately 82.1 % of the total Saudi population lives in urban areas whereas 17.9 % live in rural areas, which is the main factor behind the growing demand of white cement.  All the above-mentioned factors are propelling the market growth and hence, Architectural Concrete is dominating the Saudi Arabia White Cement market. Thus, Saudi Arabia White Cement market players are suggested to focus on Architectural Concrete, as they are more in demand. As a result, the market is expected to grow in the forecast period.

Based on product type, The White Portland Cement segment dominated the Saudi Arabia White Cement Market growth with market share of 72.78% in 2022, in terms of Product. Due to a surge in the usage of white Portland cement combined with white aggregates to create white concrete for construction projects and ornamental work, the white Portland cement segment held a monopoly on the market in 2022. In addition, white Portland cement is blended with inorganic colors to create concrete and mortar that are vibrantly colored. White Portland Cement is preferred in applications where the color and appearance of the cement matter. In architectural and decorative projects such as high-end residential complexes, commercial buildings, and monuments, the use of white cement creates visually appealing structures. Saudi Arabia has been witnessing a growth in infrastructure and real estate development, which will drive the demand for white cement in these applications. As part of its economic diversification strategy, Saudi Arabia is looking to entice 1.6 trillion riyals (approximately USD 429 billion) in private sector investment over the next 10 years, for a historic infrastructure and industrial initiative. Therefore, the major market players in the Saudi Arabia White Cement Market are suggested to focus on White Portland Cement, for better market opportunities.

Key market players in the Saudi Arabia White Cement Market are:-

  • Saudi White Cement Company (Riyadh Cement Company)
  • Alsafwa Cement Company
  • Al Rashed Cement Company
  • Saudi Readymix Concrete Co.
  • Yanbu Cement Company
  • Al Jouf Cement Company
  • Ras Al Khaimah Cement Company
  • Hail Cement Company
  • Najran Cement Company
  • Shargh Cement Co.

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“The Saudi Arabia market is rising in the upcoming period and is expected to maintain the double-digit CAGR during the upcoming years. The driving force behind the Saudi Arabia white cement market is the substantial government investment in infrastructure development and mega projects, as outlined in the Vision 2030 economic diversification plan. This robust demand stems from the unique aesthetic and durability advantages that white cement offers, positioning it as a critical material in prestigious architectural and construction projects. As a result, the market continues to flourish, with sustained growth opportunities on the horizon.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Saudi Arabia White Cement Market By Product Type (White Portland Cement, White Masonry Cement, Others), By Type (Type 1, Type 3, Type 4, Type 5, Type 2), By End User (Residential, Commercial, Public, Industrial), By Application (Architectural Concrete, Precast Panels, Tile Grouts, Others), By Region, By Competition Forecast & Opportunities, 2018-2028,” has evaluated the future growth potential of Saudi Arabia White Cement Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia White Cement Market.

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