Cement Market - Kingdom of Saudi Arabia Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020
Albany,NY (PRWEB) March 04, 2015
Transparency Market Research has released a new market report titled “Cement Market - Kingdom of Saudi Arabia Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020.” According to the report, demand for cement in the Kingdom stood at 55,700.0 kilo tons in 2013 and is anticipated to reach 78,258.8 kilo tons by 2020, rising at a CAGR of 5.4% between 2014 and 2020. In terms of revenue, the market for cement in the Kingdom was valued at US$ 3.59 Bn in 2013.
Browse Full Saudi Arabia Cement Market : http://www.transparencymarketresearch.com/saudi-arabia-cement-market.html
Cement is the cornerstone of construction activities across the globe. It is used to build various residential and commercial structures. Demand for cement in the Kingdom is primarily driven by rising investments in infrastructure and increasing demand for residential construction. These are estimated to remain the major factors driving the cement market in the near future. Supply of subsidized fuel and government interventions are likely to be the major challenges for cement producers in the Kingdom in the next few years.
Infrastructure development was the dominant application segment of cement, accounting for over 50% of total demand in the Kingdom in 2013. Demand for cement in the Kingdom is projected to increase significantly in the next few years, due to higher spending of the government in several infrastructure development projects in the region. Demand for new residential units has increased due to growth in population and changing demographic dynamics in the Kingdom of Saudi Arabia. This has further boosted the need for infrastructure development. Rise in investments in infrastructure projects in the Kingdom, such as construction of six economic cities, is also expected to drive the cement market in the next few years.
Get report sample PDF copy from here: : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4015
Central region in the Kingdom of Saudi Arabia accounted for approximately 32% share of the total cement consumption in the Kingdom in 2013. It was followed by western and eastern regions. The western and central regions are anticipated to be the fastest growing markets in terms of consumption and production of cement. This can be ascribed to growth in urbanization in these regions. The western and central regions have emerged as key destinations for cement producers in the Kingdom, due to the economic development in these regions. This has encouraged manufacturers to focus on establishing new capacities in the central and western regions. Several important cities such as Mecca and Medina are located in the western region of the Kingdom of Saudi Arabia. Rise in the number of tourists in these cities is likely to drive demand for new construction. This would boost demand for cement in the Kingdom in the near future.
Other Report : Styrene Butadiene Rubber Market : http://www.transparencymarketresearch.com/styrene-butadiene-rubber.html
Major players in the cement market in the Kingdom of Saudi Arabia include Saudi Cement Company, Yamama Cement Company, Najran Cement Company, and Riyadh Cement Company.
Cement Market - Kingdom of Saudi Arabia Application Analysis
- Others (Including cement bricks)
Cement Market - Kingdom of Saudi Arabia Regional Analysis
Browse Full Press Release & Segmentation : http://www.transparencymarketresearch.com/pressrelease/saudi-arabia-cement-market.htm
Transparency Market Research
State Tower, 90 State Street,
Suite 700, Albany NY - 12207
USA/Canada Toll Free: 866-552-3453