Saudi Arabia Green Buildings Market Size & Share Analysis- Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)

Saudi Arabia Green Buildings Market Size

Saudi Arabia Green Building Material Market Trends & Growth Drivers

Advancement in Green Material Is Key Trend in Market

• Construction companies in the country are searching for new materials to that support Saudi Arabia’s sustainable green building development initiatives.
• With this, several innovative materials are being developed that are not only sustainable but also beneficial for the structural integrity of the building.
• For instance, hempcrete serves as both a moisture regulator and an insulator. Additionally, green concrete additives incorporate bio-graphene oxide admixtures and bio-active ingredients, which have self-healing capabilities, enhancing durability and environmental sustainability.
• To reduce carbon emissions, recycled metals, plastic bottles, paper, and cardboard are being used in the construction of green buildings.
• A recent study revealed that recycling materials from Makkah city could prevent the emission of about 5.6 tons of methane, which has the potential to cause a global warming of 140.1 thousand mtCO2e.
• Recycling materials from Makkah City could also add SAR 113 million in net revenue to the national economy annually.

Rising Concerns for Sustainable Environment and Controlling Emission Are Driving Market

• Saudi Arabia has been continuously implementing methods to achieve a sustainable environment with reduced carbon emissions.
• The Saudi Green Initiative (SGI) focuses on reducing the carbon footprint and accelerating the country’s transition to a green economy, which also supports the aim to reach net-zero emissions by 2060.
• Many cities are being rapidly urbanized using green building materials for construction, supporting the green vision of the country for 2030.
• For instance, King Salman Energy Park (SPARK) has obtained silver level Leadership in Energy and Environmental Design (LEED) certification by the U.S. Green Building Council, which is used in rating green buildings.

Saudi Arabia Green Building Material Market Analysis

Application Insights

• The insulation category is the fastest growing category, with a CAGR of 12.8%, during the forecast period. It is imperative to take precautions regarding insulation because Saudi Arabia is relatively hotter than many other nations.
• The purpose of the insulation is to keep the building from accumulating too much heat, which is a perpetual risk due to the desert climate.
• Several materials are used for insulation, such as stone mineral wool, cellulose, fiberglass, hemp, and straw bales. In addition to being insulators, these materials also feature anti-fungal, insect-, and fire-resistant qualities.

The applications analyzed in this report are:

• Insulation (Fastest-Growing Category)
• Roofing (Largest Category)
• Framing
• Interior Finishing
• Exterior Siding
• Others

 Material Type Insights

• Bamboo will hold the largest share of the market, of 30%, in 2024. Its adaptability and durability make it the material of choice in the nation's hot and dry climate.
• Bamboo has a high degree of elasticity and bending strength. It also uses less energy to produce than steel (11.5 times less) and aluminum (45 times less), which directly reduces carbon footprints.
• Sustainable wood is projected to grow at the highest CAGR, of 12.7%, during 2024–2030. It has highly advantageous qualities such as acoustic properties and rigidity, and it can be shaped according to the desired appearance of the end part.
• The capacity of sustainable wood to be recycled, reused, and even downcycled at the end of its life, as well as the ability of its byproducts to be used as biofuel, are indicators of its rapid expansion.

The material types analyzed in this report are:

• Bamboo (Largest Category)
• Sustainable Wood (Fastest-Growing Category)
• Cob
• Recycled Steel
• Sheep's Wool
• Straw Bale
• Others

End User Insights

• The non-residential category is expected to grow fastest, during the forecast period. The nation has been evolving its economy by constructing non-residential green buildings.
• To strengthen the nation's economy, initiatives such as the Saudi Green Initiative (SGI) and Saudi Vision 2030 have accelerated the creation of green buildings, which primarily consist of non-residential structures. Some significant ongoing projects include NEOM City and Qiddiya City.
• The SGI focuses on minimal production of carbon footprints, which substantially increases the usage of green building materials in the market.

The end users analyzed in this report are:

• Non-Residential (Faster-Growing Category)
• Residential (Larger Category)

Regional Analysis

Province Insights

• Al-Riyadh will hold the largest market share, of 40%, in 2024, and become the fastest-growing market, with a CAGR of 12.6%, in the forecast period.
• Al-Riyadh, being a major hub for economic activities, business, and financial institutions, is witnessing significant developments, which propels the green building material market advance.
• The province has supported green building materials and is developing many new projects to increase the economy and reduce the reliance on oil. These initiatives, together with Saudi Arabia's efforts to promote sustainable development and a zero-emission vision by 2060, are driving the province's economic growth.

The provinces analyzed in the report are:

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

Saudi Arabia Green Buildings Market Share

Market Nature – Fragmented

The Saudi Arabian green building material market is fragmented due to the wide range of construction materials available for roofing, framing, and insulation. This gives different market players the chance to concentrate on various approaches for research and producing unique and innovative products. These circumstances also create opportunities for competitors to work collaboratively and partner up.

Saudi Arabia Green Building Material Market News

• In January 2024, Saudi Ceramic Co. announced that its porcelain tile plant project will start production in Q2 2024.