Saudi Arabia Aggregate Market Growth Prospects, Trends and Forecast Up to 2029

Saudi Arabia aggregate market is expected to gain significant growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 3.4% in the forecast period of 2022 to 2029 and is expected to reach USD 1,634.10 million by 2029.

Industry Analysis

The major factor driving the growth of the aggregate market is the increasing spending on major commercial and sporting infrastructure, rising investment in housing and infrastructure development, and rising adoption of recycled aggregates for construction purposes.

Aggregate refers to a building construction material with a coarse and grainy texture. Some commonly used aggregates include sand, crushed stone, gravel, broken blast-furnace slag, boiler ash, burned shale, and clay. These aggregates are mixed with cement, bitumen, lime, and gypsum for construction applications. They provide enhanced abrasive power, porosity, volume, stability, resistance to wear, and erosion to the building. Compared to other construction materials, aggregates are more durable, chemical-resistant, and can withstand high temperatures. As a result, they find extensive applications in the construction of industrial, commercial, and residential complexes.

Saudi Arabia aggregate market report provides details of market share, new developments, and the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, products approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief. Our team will help you create a revenue impact solution to achieve your desired goal.

Increasing spending on major commercial and sporting infrastructure is an important driver for the Saudi Arabia aggregate market. Rising investment in housing and infrastructure development and increasing adoption of recycled aggregates for construction accelerate market growth. The major restraints that may negatively impact the Saudi Arabia aggregate market are shrinking reserves of Sand and high transportation cost. Ongoing reforms to diversify away from oil are expected to provide market opportunities. However, stringent zoning laws and regulations are projected to challenge Saudi Arabia's aggregate market growth.

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Competitive Landscape and Saudi Arabia aggregate Market Share Analysis

Saudi Arabia's aggregate market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies' focus related to the Saudi Arabia aggregate market.

Some of the prominent participants operating in the Saudi Arabia aggregate market are

• Saudi ReadyMix,
• CityCement,
• YCC,
• Saudi Cement,
• SPCC,
• Eastern Province Cement Co.,
• Yamama Cement,
• Mastour Readymix (Subsidiary of Mastour Holding Group),
• Al-Rashed Cement Company,
• Al Safwa Ltd.,
• Qassim Cement Co.,
• Nassir Haza & Bros.

Saudi Arabia's aggregate Market Scope

Saudi Arabia's aggregate market is categorized based on product and application. The growth amongst these segments will help you analyse major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

Product
• Sand
• Gravel
• Recycled concrete
• Crushed stone

Application
• Infrastructure
• Residential
• Commercial
• Industrial

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