Saudi Arabia's Booming Construction Industry Set to Propel Building Sheets Market Growth

According to the latest market research study published by P&S Intelligence, the Saudi Arabian building and construction sheets market is experiencing substantial growth, driven by robust government initiatives and a booming construction sector under the Saudi Vision 2030 program. Valued at USD 6,256.1 million in 2024, the market is forecasted to reach USD 7,919.3 million by 2030, growing at a compound annual growth rate (CAGR) of 4.0%. Key factors contributing to this growth include rising urbanization, a burgeoning population, and an increased demand for infrastructure across the nation. Saudi Arabia's efforts to diversify its economy, reduce reliance on oil, and build a sustainable future have significantly propelled the demand for construction materials, including building and construction sheets.

The ongoing and upcoming construction projects across healthcare, residential, and hospitality sectors are fueling the need for advanced building materials. These projects are pivotal to the realization of Vision 2030's objectives. As the market continues to expand, factors such as government support and the implementation of new technologies in construction are expected to further boost growth in the coming years.

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Key Insights

The Saudi Arabian building and construction sheets market is segmented by material, application, end use, and function, with the metal material category holding the largest market share (45%) in 2024 due to its versatility and strength. The polymer category, however, is anticipated to grow the fastest due to its insulation and protective properties.

Roofing is the leading application in the market, accounting for 35% of the share in 2024, driven by the increasing need for durable, thermally resistant, and water-repellent roofing solutions for the country's construction projects.

Residential buildings are the largest end-use segment, propelled by the growing population and increasing demand for housing. This sector is also expected to grow at a CAGR of 4.5% during the forecast period, supported by government initiatives for affordable housing.

Saudi Arabia's Vision 2030 program, which aims to reduce the country's dependency on oil, is a key driver for the surge in construction activities. Projects such as the USD 500-billion NEOM city and the Red Sea Project are significant contributors to the demand for construction materials, including sheets.

Innovations in construction technologies such as 3D printing, modular construction, and building information modeling (BIM) are enhancing the efficiency and sustainability of the construction process, providing new opportunities for materials like polymer-based construction sheets.

While the market is expected to grow, challenges such as raw material price volatility, especially in metals like steel and aluminum, pose a risk to stability. Disruptions in the global supply chain, caused by natural disasters or pandemics, could affect manufacturing and project timelines, impacting the overall market.

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The fastest-growing region in the country for building and construction sheets is Al-Madinah, driven by significant infrastructure projects and urban development plans.

The demand for protective, insulating, and soundproofing materials is expanding, with protection function taking the largest share of the market in 2024. This trend reflects the growing importance of energy efficiency and sustainability in construction practices.

The Saudi Arabian building and construction sheets market is poised for substantial growth, fueled by government initiatives, technological advancements, and increasing urbanization. With a promising forecast, this market represents a dynamic and evolving sector within the broader construction industry.

Browse More Related Report Published by P&S:

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