The report covers the current scenario and the growth prospects of the Cement market in Saudi Arabia for the period 2015-2019. The market size has been calculated based on the current and upcoming construction projects planned in the country.
The report presents the key vendors and a detailed analysis of the key vendors present in the market. In addition, it discusses the major drivers that influence the growth, the challenges faced by vendors and the market at large, as well as the key trends that are emerging in the market.
Analysts forecast the Cement market in Saudi Arabia to grow at a CAGR of 5.14 percent over the period 2014-2019.
The report recognizes the following companies as the key players in the Cement Market in Saudi Arabia: Al Safwa Cement Co., Eastern Province Cement Co. Ltd., Yamama Cement Co. Ltd. and Yanbu Cement Co. Ltd.
Other Prominent Vendors in the market are: Najran Cement, Saudi Cement, Southern Province Cement and Tabuk Cement.
One of the key trends in the market is construction and expansion of new cement production facilities in Saudi Arabia. Cement manufacturers in Saudi Arabia are setting up new production facilities and also expanding the production capacity of existing facilities in the country to meet the rising demands in construction.
According to the report, one of the major factors driving the market is the boom in housing construction. Saudi Arabia, at present, is facing a housing crisis, which has compelled the government to spend heavily on the construction of new houses in the country, leading to high demand for cement.
Further, the report states that one of the major challenges in the market is high transportation costs. Inadequate transport facilities pose a serious problem for the Cement market as huge quantities of raw materials have to be transported from quarrying sites to production facilities. This has a direct impact on production costs.
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