Saudi Arabia Lightweight Construction Material Market Size

Saudi Arabia Lightweight Construction Materials Market Future Prospects

The Saudi Arabian lightweight construction materials market will generate an estimated revenue of USD 4,036.8 million in 2024 and witness a CAGR of 6.7% during 2024–2030, reaching USD 5,949.5 million by 2030. The rising demand for energy efficiency and sustainable building solutions are among the most-significant drivers for this market.

The market is also driven by the increasing rate of urbanization and massive scale of infrastructure development. The major projects underway in the kingdom include NEOM Future Cities, Qiddiya Entertainment City, and the Red Sea Project the NEOM Future Cities plan requires an investment of USD 5.6 billion to build 10 residential communities for 95,000 people.

Lightweight materials allow for faster assembly, lower labor needs, and higher overall project quality. The Saudi government's strong focus on promoting green buildings and reducing the construction sector's carbon footprint plays an important role in the adoption of lightweight materials. This is because these materials are easier to transport; trucks consume less fuel and emit lower amount of GHGs.