Cement Demand to Flourish on Booming Saudi Arabia Housing Sector
With increasing housing demand in the Kingdom, cement demand is anticipated to surge at a CAGR of 8% during 2011-2013, acknowledged RNCOS in its latest research.
(prHWY.com) July 31, 2011 - NOIDA, India -- According to our research report, "Saudi Arabia Housing Sector Outlook", the booming real-estate sector of Saudi Arabia has been influencing cement demand in the country. The sector is presently acting as a key driver of the flourishing cement industry in the country. The Kingdom has an insatiable demand for housing, a major user of cement, driven by large and growing populations. It is anticipated that the demand will sustain its positive growth trajectory in the coming years. The rapid growth in the housing market will continue to escalate the cement demand, which is estimated to surge at a CAGR of 8% during 2011-2013.
Our ongoing research revealed that there is a direct relationship between the domestic consumption of cement and steel, and the output generated by the real-estate sector. This in turn, reflects the pace of the housing sector in the country. Saudi Arabia has an insatiable demand for housing, a major user of cement, driven by large and growing populations. The local housing market's demand for building materials is about SR 45 Billion, a year and a substantial part of this demand is for cement.
In addition to this, the research also covers a detailed analysis and forecast of real-estate segments, such as housing demand, cement, and steel consumption. Moreover, our report also provides information on market outlook by various provinces, types, and construction material.
Our report also evaluated the factors critical to the success of the Saudi Arabian housing industry. It identified key players in the market and included their detail business description and their recent activities. Additionally, the report sheds light on the emerging industry trends, which are expected to decide the future of the Kingdom's housing sector.
Our report, "Saudi Arabia Housing Sector Outlook", is an outcome of extensive research and thorough analysis of the growing housing industry in Saudi Arabia. It thoroughly examines all prominent emerging trends and drivers fueling growth in the industry. Further, it highlights market developments in all major segments, The report includes forecast for key real-estate developments in related segments, such as real-estate finance, housing demand to present a better understanding of the Saudi Arabian housing industry. Most importantly, the report also identified key players in the market and included their detail business description and their recent activities. It presents future forecast of the industry based on correlation of past drivers, challenges, and opportunities for expansion, which will prove decisive for clients.
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