The KSA cement market size was estimated at USD 3.99 billion in 2023 and is projected to grow at a CAGR of 7.0% from 2024 to 2030. This market is driven by its rising application in the construction industry in the country owing to the country's ambitious Vision 2030 initiative, which focuses on extensive infrastructure and urban development. The rapid urbanization and expansion of major cities, coupled with a surge in population, are fueling a robust demand for residential and commercial construction. Additionally, ongoing economic diversification efforts and increased private sector investments in real estate and construction further stimulate product consumption.

The Saudi Vision 2030 plan is a significant catalyst for the product market. This blueprint for economic diversification and modernization includes extensive infrastructure projects such as new highways, bridges, airports, and public transportation systems. These large-scale projects require substantial amounts of product, driving up demand and fostering industry growth. Notable examples include the development of the King Abdulaziz International Airport expansion and the Red Sea Project, which necessitate high volumes of product for construction.

Rapid urbanization in Saudi Arabia, particularly in major cities like Riyadh, Jeddah, and Dammam, is a major driver of product demand. The ongoing expansion and modernization of urban areas lead to increased construction of residential, commercial, and mixed-use developments. As new residential neighborhoods and commercial centers are built to accommodate a growing urban population, the demand for products continues to rise.

Gather more insights about the market drivers, restrains and growth of the KSA Cement Market

Key KSA Cement Company Insights

Some key players operating in the market include Saudi Cement, Najran Cement, Yanbu Cement, Arabian Cement, and Qassim Cement among others.

• Yanbu Cement Company (YCC) is a prominent cement producer in Saudi Arabia, distinguished as the largest cement manufacturer in the Western Region. This Saudi joint-stock company has a total installed capacity exceeding 7.0 million tons of clinker and a cement dispatch capability surpassing 10.0 million tons annually. With a paid-up capital of SR 1.575 billion, Yanbu Cement ranks among the top 50 companies in the region. Its production facilities are situated at Ras Baridi, along the Red Sea coast, approximately 70 kilometers northwest of the Port of Yanbu.

Recent Developments

• In July 2024, NEOM projects are set to receive cement worth SR104 million ($27.7 million) through a partnership between Saudi Arabia's Al Jouf Cement Co. and Italy's Webuild SpA. The agreement, lasting 41 months, involves supplying cement for various developments within NEOM, which is a $500 billion giga-project located at the northern tip of the Red Sea. The partnership is expected to positively impact Al Jouf's financial statements starting from the third quarter of this year.

KSA Cement Market Report Segmentation

This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the KSA cement market report-based product and end use.

Product Type Outlook (Volume, Million Tons; Revenue, USD Million, 2018 - 2030)

• Portland Cement

• White Cement

• Others

End Use Type Outlook (Volume, Million Tons; Revenue, USD Million, 2018 - 2030)

• Residential Buildings

• Non-residential Buildings

• Pavement/Street Construction

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