Dublin, Dec. 24, 2024 (GLOBE NEWSWIRE) -- The "Saudi Arabia Green Cement Market, By Region, Competition Forecast & Opportunities, 2019-2029F" report has been added to ResearchAndMarkets.com's offering.
The Saudi Arabia Green Cement Market was valued at USD 2.07 Billion in 2023, and is expected to reach USD 2.98 Billion by 2029, rising at a CAGR of 6.10%.
One of the prominent market trends in Saudi Arabia's Green Cement sector is the increasing demand for sustainable construction practices. As the kingdom continues to diversify its economy and prioritize environmental stewardship under initiatives like Saudi Vision 2030, there is a heightened focus on reducing carbon emissions and promoting resource efficiency in the built environment.
This shift towards sustainability is driven by both regulatory requirements and market preferences. Government policies aimed at achieving carbon reduction targets and aligning with international climate agreements incentivize developers and contractors to adopt Green Cement as a viable alternative to traditional Portland cement. These policies create a conducive environment for the growth of the Green Cement market by encouraging investment in sustainable building materials and technologies.
Developers and investors in Saudi Arabia are increasingly recognizing the long-term benefits of Green Cement. Buildings and infrastructure constructed with Green Cement typically have lower lifecycle costs, reduced maintenance requirements, and improved resilience to environmental factors such as extreme temperatures and humidity. These attributes contribute to the attractiveness of Green Cement in the market, especially for projects seeking to achieve green building certifications like LEED (Leadership in Energy and Environmental Design).
Heightened awareness among consumers and stakeholders about the environmental impact of construction activities is driving the demand for sustainable materials, including Green Cement. End-users are becoming more conscious of the carbon footprint associated with building materials and are actively seeking products that contribute to sustainable development goals.
To capitalize on the growing demand for sustainable construction practices, cement manufacturers in Saudi Arabia are expanding their production capacities for Green Cement and investing in research and development to innovate new formulations and technologies. This proactive approach not only strengthens the competitiveness of Green Cement in the market but also positions Saudi Arabia as a leader in sustainable construction practices within the region and globally. Saudi Arabia has committed to building 1.5 million new homes by 2030, with an increasing focus on sustainable and energy-efficient construction practices. This includes integrating green building standards such as LEED (Leadership in Energy and Environmental Design) and Estidama.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 86 |
| Forecast Period | 2023 - 2029 |
| Estimated Market Value (USD) in 2023 | $2.07 Billion |
| Forecasted Market Value (USD) by 2029 | $2.98 Billion |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | Saudi Arabia |
Report Scope:
Key Market Players
- Holcim Ltd
- Heidelberg Material AG
- CEMEX S.A.B. de C.V.
- Taiheiyo Cement Corporation
- Ecocem Ireland Ltd. (Ecocem Global)
- ACC Limited
- UltraTech Cement Ltd.
- Anhui Conch Cement Company Limited
Saudi Arabia Green Cement Market, By Product Type:
- Fly Ash Based
- Slag Based
- Limestone-Based
- Silica Fume-Based
- Others
Saudi Arabia Green Cement Market, By Application:
- Residential
- Commercial
- Industrial
- Others
Saudi Arabia Green Cement Market, End Use:
- New Construction
- Repair and Maintenance
Saudi Arabia Green Cement Market, By Region:
- Riyadh
- Makkah
- Madinah
- Eastern Province
- Dammam
- Rest of Saudi Arabia
For more information about this report visit https://www.researchandmarkets.com/r/lf2pcj
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