Non-Metallic Mineral - Saudi Arabia

Value added in the Non-Metallic Mineral market is projected to amount to 0.00 in 2024.
A compound annual growth rate of 0.0 is expected (CAGR 2024–0).
The value added per capita in the Non-Metallic Mineral market is projected to amount to 0.00 in 2024.
The value added margin in the Non-Metallic Mineral market is projected to amount to 0.00 in 2024.
Output in the Non-Metallic Mineral market is projected to amount to US$2.1bn in 2024.
A compound annual growth rate of 2.30% is expected (CAGR 2024–0).
The output per enterprise in the Non-Metallic Mineral market is projected to amount to US$2.6m in 2024.
The manufacturing intensity in the Non-Metallic Mineral market is projected to amount to 0.3% in 2024.
The number of enterprises in the Non-Metallic Mineral market is projected to amount to 826.00 in 2024.
A compound annual growth rate of 3.33% is expected (CAGR 2024–0).
The enterprise density in the Non-Metallic Mineral market is projected to amount to 22 in 2024.
The number of employees in the Non-Metallic Mineral market is projected to amount to 12.12k in 2024.
A compound annual growth rate of 2.56% is expected (CAGR 2024–0).
The employment rate in the Non-Metallic Mineral market is projected to amount to 0.03% in 2024.
The labor efficiency in the Non-Metallic Mineral market is projected to amount to US$175.1k in 2024.
The labor productivity in the Non-Metallic Mineral market is projected to amount to 0.00 in 2024.

Definition:

The Non-Metallic Mineral market includes manufacturing activities related to a single substance of mineral origin. This includes the manufacture of glass and glass products (e.g. flat glass, hollow glass, fibers, technical glassware), ceramic products, tiles and baked clay products, and cement and plaster, from raw materials to finished articles.

Additional information:

The market comprises value added, output, number of enterprises, number of employees, and the respective growth rates. Output refers to the total value of all goods produced, whereas value added is the sum of the intermediate stages of production or, in other words, the wealth created by industry activity. The market only displays B2B production.

Glass and glass products
Refractory products
Clay building materials
Cement, lime and plaster
Cutting, shaping and finishing of stone
Other categories listed within ISIC Division 23 as "included"

Categories listed within ISIC Division 23 as "excluded"

The manufacturing market has faced several challenges in recent years due to geopolitical uncertainty, supply chain disruptions, changing consumer preferences, and increasing regulatory scrutiny. However, several positive factors, such as rising global demand, ongoing technological advancements, and increasing investment in automation and digitalization, continue to influence the market, and the outlook for manufacturing remains positive.

While the Covid-19 pandemic has caused significant hardships for manufacturers, those that invested in digitalization and automation of their processes will be best positioned for long-term success. Manufacturers who can effectively balance cost pressures and maintain a strong focus on quality are likely to survive the current crisis and come out more resilient in the end.

Among the factors that could affect the manufacturing market in 2023 is the adoption of advanced technology, such as artificial intelligence, robotics, and the Internet of Things (IoT), which have the potential to improve overall efficiency and productivity while reducing costs.

Furthermore, our analysts believe that sustainability and environmental awareness will become increasingly important trends, as more investors and consumers prefer companies that prioritize these values and develop eco-friendly products.

Finally, geopolitical factors such as trade tensions and changes in government policies could also impact the manufacturing market in 2023, with the Russia-Ukraine war having the biggest impact.

In summary, the current environment presents both challenges and opportunities for the manufacturing market in 2023. However, with the right managerial strategies and high flexibility, companies can succeed and strengthen their long-term market position.

Data coverage:

The data encompasses B2B. Figures are based on the value added in the manufacturing market.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting the manufacturing market due to the non-linear growth of this market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.

This report presents a comprehensive analysis and additional information on the Industrial market, in a PDF format.

Strategic minerals generally refer to mineral commodities that are important for economic, military, or technological development, but whose reserves are concentrated in a handful of countries. Although often used interchangeably with the term “critical minerals”, the definitions of each depend on the country listing them. In Germany, the Deutsche Rohstoffagentur (DERA, or the German Raw Materials Agency in English) has defined the minerals cobalt, lithium, tantalum, and tungsten as strategic raw materials because of their use in key sectors such as the automotive and consumer electronics industries.