Saudi Arabia Cement Market

Saudi Arabia Cement Market Overview:

The Saudi Arabia cement market size reached USD 3,781.34 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 5,931.79 Million by 2033, exhibiting a growth rate (CAGR) of 5.25% during 2025-2033. The market is driven by large-scale infrastructure projects under Vision 2030, including NEOM and the Red Sea Project, fueling cement demand, alongside urban expansion and housing initiatives such as Sakani. Government policies promoting sustainability, such as the Saudi Green Initiative, are pushing manufacturers to adopt eco-friendly practices, including alternative fuels and carbon capture technologies. Rising private and public sector investments in construction and industrial development are further augmenting the Saudi Arabia cement market share.

Saudi Arabia Cement Market Trends:

Rising Demand Driven by Mega Construction Projects

The market is experiencing significant growth due to the increasing number of large-scale construction projects under Vision 2030. The government is heavily investing in infrastructure, including NEOM, the Red Sea Project, and Qiddiya, which are driving cement demand. Additionally, urban expansion and housing projects, such as the Sakani initiative, are further enhancing consumption. Saudi Arabia's housing supply is expected to grow to 3.9 million units by 2028 from its existing 3.5 million units, driven by initiatives such as Sakani and Wafi, along with a national rate of homeownership at 63.7% in 2023. Riyadh needs an extra 305,000 houses, while apartment prices have appreciated by 75% to SAR 5,780 (approximately USD 1,540.95) per square meter and villa prices by 40% to SAR 5,190 (approximately USD 1,383.65) per square meter since 2019. This growth in residential development makes advanced construction aggregates more critical for Saudi Arabia's expanding urban centers. With the Kingdom aiming to diversify its economy and enhance living standards, the construction sector remains a key focus, ensuring sustained cement demand. However, fluctuating raw material costs and energy prices pose challenges to production efficiency. Companies are adopting advanced technologies to optimize output while maintaining competitive pricing. As these projects progress, cement manufacturers are expected to see steady growth, supported by both public and private sector investments in residential, commercial, and industrial developments.

Sustainability Initiatives Shaping Cement Production

Sustainability is also supporting the Saudi Arabia cement market growth as the government enforces stricter environmental regulations. Cement producers are increasingly adopting green practices, such as using alternative fuels and raw materials to reduce carbon emissions. The Saudi Green Initiative promotes eco-friendly construction, pushing manufacturers to invest in energy-efficient technologies such as waste heat recovery systems. Saudi Arabia is at the forefront of green construction in the Arab world, with 2,000 out of a total of 5,000 projects, driven by rapid population growth and sustainable urban development. The green building industry in the Kingdom is projected to grow to USD 16.4 Billion in 2024 and USD 33 Billion in 2030, tremendously escalating demand for sustainable and low-energy materials. Aramco's USD 1.5 Billion sustainability fund and a fresh memorandum of understanding with the Saudi Contractors Authority signify investment in supporting green construction technology and training. Additionally, the use of supplementary cementitious materials (SCMs) is rising to lower clinker content and minimize environmental impact. Companies are also exploring carbon capture and storage (CCS) solutions to align with net-zero goals. These efforts not only comply with regulatory standards but also enhance market competitiveness by appealing to environmentally conscious buyers. As sustainability becomes a priority, the cement industry is expected to undergo significant transformation, balancing growth with ecological responsibility.

Saudi Arabia Cement Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on type and end-use.

Type Insights:

• Blended
• Portland
• Others 

The report has provided a detailed breakup and analysis of the market based on the type. This includes blended, portland, and others. 

End-Use Insights:

• Residential
• Commercial
• Infrastructure

A detailed breakup and analysis of the market based on the end-use have also been provided in the report. This includes residential, commercial, and infrastructure.

Regional Insights:

• Northern and Central Region
• Western Region
• Eastern Region
• Southern Region

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern and Central Region, Western Region, Eastern Region, and Southern Region.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Saudi Arabia Cement Market News:

• December 30, 2024: Saudi Arabia-based Al Jouf Cement Company launched a green cement product exclusively for NEOM projects that were developed in partnership with Asas Al Muhailb Company. Green cement reduces CO₂ emissions by 30%, increases the lifespan of concrete, and eliminates the need for imported materials such as GBS and Fly Ash, making it an economical and sustainable solution. This effort aligns with Saudi Vision 2030, further affirming Al Jouf's commitment to environmental protection and innovation for the Kingdom's building sector.
• October 14, 2024: Saudi Arabia's City Cement partnered with Next Generation SCM from the UK to set up the kingdom's first calcined clay SCM plant, which will have an initial capacity of 350,000 tonnes annually, due to double in its second year. Harnessing CemGreen's patented technology, the Riyadh-based factory will cut CO₂ emissions by up to 100% per tonne of Portland cement substituted, in accordance with Saudi Vision 2030's sustainability goals. This partnership reinforces the UK-Saudi Arabia bilateral cooperation, with the latter emerging as a global leader in the manufacture of low-carbon concrete and green infrastructure.

Saudi Arabia Cement Market Report Coverage:

Key Questions Answered in This Report:

• How has the Saudi Arabia cement market performed so far and how will it perform in the coming years?
• What is the breakup of the Saudi Arabia cement market on the basis of type?
• What is the breakup of the Saudi Arabia cement market on the basis of end-use?
• What is the breakup of the Saudi Arabia cement market on the basis of region?
• What are the various stages in the value chain of the Saudi Arabia cement market? 
• What are the key driving factors and challenges in the Saudi Arabia cement market?
• What is the structure of the Saudi Arabia cement market and who are the key players?
• What is the degree of competition in the Saudi Arabia cement market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Saudi Arabia cement market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Saudi Arabia cement market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Saudi Arabia cement industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.