Jan 22 2015
Research and Markets has announced the addition of the "Cement Market in Saudi Arabia 2015-2019" report to their offering.
The Cement market in Saudi Arabia to grow at a CAGR of 5.14% over the period 2014-2019
The government's aggressive plans to construct 'Economic Cities' in the country is expected to give a further boost to the Cement market in Saudi Arabia, which is currently on a growth path. The market size has been calculated based on the current and upcoming construction projects planned in the country.
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.
Key Vendors
- Al Safwa Cement Company
- Eastern Province Cement
- Yamama Cement
- Yanbu Cement
Source: http://www.researchandmarkets.com/