Saudi Arabia Building and Construction Sheets Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)

Saudi Arabia Building and Construction Sheets Market Size

Saudi Arabia Building and Construction Sheets Market Trends & Drivers

Government Initiatives for Construction Sector Are Key Driver

• An increasing count of government initiatives in Saudi Arabia under Saudi Vision 2030 aim to diversify the economy and reduce the dependence on revenue from oil. These initiatives revolve around massive construction activities in numerous sectors, such as healthcare, education, and hospitality, thus propelling the demand for building and construction sheets.
• The increasing population in the country is boosting the demand for housing, healthcare facilities, and other pieces of commercial and civic infrastructure.
• The Saudi government is encouraging both local and foreign firms to invest in the real estate sector, to support the economic growth of the country. For instance, in November 2021, the Capital Market Authority (CMA) authorized non-Saudi residents to invest in real estate within Makkah and Madinah.
• Saudi Arabia has become a frontrunner in the construction industry of the Middle East and North Africa, with an approximate value of USD 70.4 billion in 2024. which is expected to grow to around USD 97.4 billion by 2030. This expansion can be credited to Saudi Arabia's Vision 2030 National Development Plan, which highlights the government's significant commitments to infrastructure advancement.
• One of the major projects being executed under the Vision 2030 National Development Plan is Ad-Diriyah Integrated Growth project.
• The sector is supported by the PIF, which is governed by Saudi Arabia’s sovereign wealth fund and plays an important role as a sponsor and funder of mega development projects worldwide. Its portfolio includes the USD 500-billion city of NEOM; and the Red Sea Project, worth USD 23 billion. Similarly, the Atlantis is a USD-9 billion sustainability-focused luxury tourism project on the country’s Red Sea Coast. It and Qiddiya would draw both local and international visitors once they are complete.
• The Kingdom of Saudi Arabia is pursuing the use of the latest technologies to make construction fast, cost-effective, error-free, and, above all, sustainable. They include 3D printing, modular and prefabricated buildings, building information modeling (BIM) software, mobile technology, IoT, and smart devices, along with virtual, augmented, and mixed reality.
• The strong emphasis on the use of novel construction materials and resources remains a vital part of Saudi’s construction strategy.

Price Volatility Is Major Challenge

• The volatile prices of raw material, especially metals, such as steel and aluminum, make its challenging for the manufacturers of building and construction sheets to maintain stable pricing and profit margins.
• Disturbance in the supply chain owing to natural disasters or pandemics can hinder the growth of the market. Such factors can impact the availability of raw materials for the manufacturing of construction sheets. Such disruptions may lead to delays in manufacturing and delivery, thereby leading to project deadline extensions, customer distrust, and global image destruction for the contractor.

Saudi Arabia Building and Construction Sheets Industry Outlook

Material Insights

• Metals account for the largest share in the market, of 45%, in 2024. This is because metallic sheets are widely used in the construction for roofing, cladding, and other applications, owing to their strength and versatility.
• The polymer category is expected to be the fastest-growing category over this decade. This is because plastic sheets provide a protective wrap and insulation to buildings.

The materials covered in the report include:

• Bitumen
• Rubber
• Metal (Largest Category)
• Polymer (Fastest-Growing Category)

Application Insights

• The roofing category accounts for the largest share in 2024, of 35%. This is due to the fact that roofing sheets are essential during the construction of buildings. To tackle harsh weather, the roofing material should be durable, thermally resistant, and water-repellant.
• Additionally, increasing urbanization, infrastructure development activities, and government initiatives such as Vision 2030, there is a significant demand for roofing materials to support the construction of new buildings.

The following applications are included in the report:

• Flooring
• Walls and Ceiling
• Windows
• Doors
• Roofing (Largest and Fastest-Growing Category)
• Plumbing
• Others

End Use Insights

• The residential category accounts for the largest share, and it is expected to grow with a CAGR of 4.5% during the forecast period. This is due to the increasing population and growing demand for residential buildings.
• The government support for providing houses to its citizens is adding fuel to this growth. The residential sector consists a wide range of projects, including single-family homes, apartment buildings, and housing complexes, all of which require construction sheets for roofing, walls, flooring, and other applications.

The end used covered in the report are:

• Residential (Largest and Fastest-Growing Category)
• Commercial
• Industrial

Function Insights

• Protection accounts for the largest share in 2024, and it is expected to grow with a CAGR of 4.2% during the forecast period. This is due to the rise in the demand for protecting buildings from harsh climate, UV radiation, and dust.
• Insulation is expected to be the fastest-growing category during the forecast period. This will be due to the new launch of new products that provide thermal insulation.

The market is further classified as:

• Bonding
• Protection (Largest Category)
• Insulation (Fastest-Growing Category)
• Glazing
• Sound & Waterproofing
• others 

Al-Riyadh Is Largest Province

• Al-Riyadh is the largest province with a share of 40% in 2024. This is attributed to the ongoing large-scale construction projects underway here, including commercial and residential. Moreover, several government initiatives regarding construction provide lucrative growth opportunities for the players in and around the kingdom’s capital and financial center.
• Al-Madinah is expected to be the fastest-growing province, with a CAGR of 4.7%, during the forecast period. This is due to the increasing rate of urbanization, with an increasing number of people moving to the urban areas within Al-Madinah. This urbanization propels the demand for residential and commercial buildings and, in turn, for sheets for various construction purposes.

The provinces analyzed in this report include:

• Al-Riyadh (Largest Province)
• Makkah
• Al-Madinah (Fastest-Growing Province)
• Al-Qaseem
• Eastern Region
• Aseer
• Tabouk
• Hayel
• Northern Border
• Jazan
• Najran
• Al-Baha
• Al-Jouf

Market Nature – Fragmented

The Saudi Arabian building and construction sheets market is fragmented in nature. Further, it is highly competitive due to the presence of various domestic and international players. This intense competition among manufacturers puts pressure on pricing and forces them to differentiate themselves through product quality, price, innovation, and customer service.