Introduction of the Saudi Arabia Construction Aggregate Market Report

The construction aggregates refer to raw materials that are produced from natural sources and extracted from pits and quarries, including gravel, crushed stone, sand, and slag. These aggregates are used in construction for providing building a strong foundation, make drainage, fill voids, protect pipes, provide hard surfaces, and for shaping structures.

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Market Dynamic

Key Drivers and Emerging Trends

Growing construction industry, the development of recreational projects, increase in the tourism sector in Saudi Arabia is expected to drive the growth of the construction aggregates market in Saudi Arabia. In addition, aggregates are highly used in the construction of homes, malls, roads, dams, airports, highways, and bridges owing to their benefits including reduction of void content, compact concrete mixes, low consumption of concrete of water, lower production costs, high mechanical strength of the concrete, high hydraulic conductivity value, and others.

Moreover, according to the Association of Equipment Manufacturers (AEM), the construction of the average home requires 400 tons of aggregate, while the average size school or hospital requires 15,000 tons. This is expected to boost the demand of construction aggregates in the country. Furthermore, rapid urbanization and increasing investment in the development of infrastructural projects including the Neom city, the Red Sea Project, Qiddiya entertainment city, Makkah Grand Mosque – Third Expansion, Jeddah Tower, Ministry of Housing’s Sakani homes, Jabal Omar, Riyadh Metro, Riyadh Rapid Bus Transit System, King Fahd Medical City Expansion, King Abdullah Bin Abdulaziz Medical Complexes, and others is expected to accelerate the growth of the market.

Restraint in the Saudi Arabia Construction Aggregate Market

However, high transportation cost of the construction aggregates is expected to restrain the growth of the market. Additionally, rising energy costs and fuels including natural gas, diesel, petroleum coke and coal will further increase production cost of the construction aggregates, which may hamper the market growth.

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According to World Travel & Tourism Council (WTTC) 2019 research, there has been a growth of 14% in Travel & Tourism in Saudi Arabia, and contributed 9.5% including direct, indirect and induced impacts, to the Kingdom’s total economy. This is expected to increase the constructions of hotels, restaurants, tourist places, and others, which thereby, supports the growth of the construction aggregates market over the forecast period.

Various types of construction aggregates including crushed stones, gravel, sand, and others are used as building materials. Gravel is expected to be used widely in the manufacturing of concrete blocks, pipes, and bricks. The growing number of high-rise buildings, including homes, hotels, and government buildings that utilize concrete in an enormous amount is expected to support the market growth.

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The construction aggregates find application in commercial, residential, industrial, and infrastructural constructions. The rising number of new infrastructure projects, including roadway and railway in Saudi Arabia is expected to provide the increase in the demand of the aggregates during the forecast period. The launch of the 30-year Saudi Railway Master Plan (SRMP) by the Saudi Railways Organisation (SRO), in three phases from 2010 to 2040 through the public-private partnership with aims of connecting to neighboring countries is expected to propel the market demand of aggregates. This includes the creation of a 9900-km network.

Increasing awareness towards sustainability and adoption of recycled aggregates is further augmenting the market growth. This can be attributed to the several benefits of recycled aggregates that includes low price of material compared to other types; is multi-functional as they are made of crushed stone, gravel, sand, recycled brick, recycled asphalt, recycled slag and recycled concrete; and is used across many different building projects such as landscaping, construction, home refurbishments, roadworks and earthworks. In addition, recycled aggregates have a long life span and perform effectively as other types of aggregate.

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Key questions answered in this research report:

• • At what pace is Saudi Arabia Construction Aggregate Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Saudi Arabia Construction Aggregate Market? What will be the impact of drivers and restraints in the future?
  • What are the various areas of Saudi Arabia Construction Aggregate Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
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