Saudi Arabia Construction Sand Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the Saudi Arabia construction sand market attained a volume of 157.97 MMT in 2023. Aided by the escalating construction activities, mega-infrastructure projects, and the Saudi Vision 2030's urban development objectives, the market is projected to further grow at a CAGR of 3.80% between 2024-2032, reaching a volume of 198.02 MMT by 2032.
Construction sand, predominantly composed of finely divided mineral particles, is an indispensable material in the realm of construction. It’s widely incorporated in applications like concrete formulation, masonry works, plastering, and various other construction-related activities. The intrinsic properties of construction sand, such as its compressive strength and ability to provide consistency to construction materials, have made it a staple in Saudi Arabia’s booming construction sector.
Driving the buoyant demand for construction sand in Saudi Arabia is the nation's rapid urban expansion. Major cities, including Riyadh, Jeddah, and Mecca, are witnessing a surge in construction projects, ranging from residential complexes to sprawling commercial hubs. The urban sprawl is intrinsically linked to the country's demographic dynamics, with a growing population seeking urban dwellings and amenities.
Further influencing the Saudi Arabia construction sand market outlook is the country’s ambitious Vision 2030. This strategic framework aims to diversify the nation's economy, reduce its dependence on oil, and develop public service sectors like health, education, and infrastructure. Mega projects, including the likes of NEOM – a futuristic city, are under development, necessitating vast amounts of construction sand.
In the industrial spectrum, the market finds impetus from the petrochemical industry, where construction sand plays a pivotal role as a proppant in hydraulic fracturing processes. Given Saudi Arabia's stature in the global oil landscape, the demand generated from this vertical further cements the Saudi Arabia construction sand market growth.
Delving deeper into the industrial applications, construction sand in Saudi Arabia is also gaining traction in the manufacturing of glass and ceramics, further diversified by its uses in foundries and water filtration processes.
Technological integration is another facet boosting the Saudi Arabia construction sand market demand. Modern construction techniques are gradually steering towards alternatives to traditional sand, like manufactured sand. While this might seem as a potential restraint, the sheer volume of construction projects in Saudi Arabia ensures a sustained demand for natural construction sand.
Market Segmentation
The market can be divided based on type and application.
Market Breakup by Type
- Natural Sand
- Synthetic Sand
Market Breakup by Application
- Foundry
- Construction
- Ceramics and Refractories
- Glass Manufacturing
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Saudi Arabia construction sand market. Some of the major players explored in the report by Expert Market Research are as follows:
- Modern Building Material Company
- BMS (Gharbalah Industrial Co.)
- Adwan Chemical Industries Co. Ltd.
- Thrrat Factory for The Industry
- Mohammed Hadi Al-Rasheed & Co.
- Muadinoon Mining Company
- Al Salam Al Ma'asi Co. (ASAMCO)
- Delmon Group
- White Sand Industry Company
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.