Saudi Arabia Cement (Residential and Commercial) Market 2018-2022
DUBLIN, Oct. 1, 2018 /PRNewswire/ --
The "Cement Market in Saudi Arabia 2018-2022" report has been added to ResearchAndMarkets.com's offering.
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The cement market in Saudi Arabia to grow at a CAGR of 5.25% during the period 2018-2022.
Cement Market in Saudi Arabia 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also includes a discussion of the key vendors operating in this market. This cement industry analysis report provides a detailed analysis of the market by application (residential and commercial).
Major cement companies in Saudi Arabia such as Yamama Cement and Saudi Cement are investing on new infrastructure to balance the anticipated increase in production costs. The production costs are expected to increase due to proposed energy subsidy cuts during the forecast period. This trend of construction of low power consuming cement plants to reduce power consumption and improve efficiency will drive the growth of the cement industry in Saudi Arabia in the coming five years.
According to the report, one of the major drivers for this market is the launch of Saudi Vision 2030, in 2016, to increase the country's economic development and minimize the dependence on oil resources. This project will boost the non-oil revenues and lead to development of infrastructure for religious tourism, healthcare and real estate. This, in turn, will augment the cement market size in Saudi Arabia throughout the next five years.
Further, the report states that one of the major factors hindering the growth of this market is the implementation of expat levy on foreign nationals, in 2017. This expat levy is expected to increase almost 4 times over a 4-year period. The cement industry is manpower dependent and this monthly levy will reduce the profit margins of companies whose workforce comprises of more foreign nationals than Saudi nationals. The implementation of the foreign levy will also reduce the inflow of blue-collar workers into the country, thereby harming the growth of the cement market in Saudi Arabia.
Key vendors
-- Arabian Cement -- Saudi Cement -- SPCC -- Yamama Cement -- YCC
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING 2017-2022
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY APPLICATION
-- Comparison by application -- Residential application -- Commercial application -- Market opportunity by application
PART 08: CUSTOMER LANDSCAPE
-- Regional comparison -- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
-- Landscape disruption -- Competitive landscape
PART 13: VENDOR ANALYSIS
-- Vendors covered -- Vendor classification -- Market positioning of vendors
For more information about this report visit https://www.researchandmarkets.com/research/mdxhgc/saudi_arabia?w=5
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SOURCE Research and Markets