Press release
Saudi Arabia's Green Buildings Market Soars on Back of Environmental Regulations and Urban Growth
Saudi Arabia Green Buildings Market Size
Government initiatives play a pivotal role in this transition. The implementation of the Saudi Green Building Code (SgBC 1001) mandates construction practices aimed at minimizing ecological footprints and promoting sustainability. Additionally, the MOSTADAM certification serves as a green building rating system, emphasizing essential sustainability dimensions integral to Saudi Arabia's identity.
Discover key insights with a comprehensive analysis: https://www.psmarketresearch.com/market-analysis/saudi-arabia-green-buildings-market
Key Insights
Segmentation Analysis:
The roofing application category is projected to dominate the market, accounting for a significant share of green building material usage. This trend underscores the emphasis on sustainable roofing solutions in the construction sector.
Sustainable wood is anticipated to experience the highest growth rate among materials, with a CAGR of 12.7% during 2024-2030. Its favorable properties, including recyclability and structural integrity, contribute to its increasing adoption.
Regional and Geographical Trends:
Al-Riyadh province is expected to lead the market, holding the largest share of 40% in 2024. This dominance is attributed to the region's extensive economic activities and developmental projects.
Al-Riyadh is also projected to be the fastest-growing province, with a CAGR of 12.6% during the forecast period, reflecting the concentrated efforts in sustainable urban development within the region.
Technological Advancements Shaping the Market:
Innovative materials such as hempcrete are gaining traction due to their dual functionality as moisture regulators and insulators, enhancing building sustainability.
The incorporation of bio-graphene oxide admixtures and bio-active ingredients in green concrete additives introduces self-healing capabilities, thereby improving durability and environmental sustainability.
The utilization of recycled materials, including metals, plastic bottles, paper, and cardboard, in construction is a notable trend aimed at reducing carbon emissions and promoting eco-friendly building practices.
Competitive Dynamics, Major Players, and Emerging
Opportunities:
The market is characterized by a fragmented nature, offering opportunities for various players to innovate and collaborate on sustainable building solutions.
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Key stakeholders are focusing on strategic developments, including partnerships and product innovations, to strengthen their market presence and address the growing demand for green building materials.
Emerging opportunities lie in the development and adoption of advanced materials and technologies that align with the country's sustainability goals and regulatory frameworks.
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