Saudi Arabia Smart Materials Industry Databook Series – Market Size & Forecast by Value Across 170+ Market Segments in Shape Memory Alloy, Piezoelectric Materials, Thermo-Responsive Materials, Magnetostrictive Materials, Chromic Materials, pH Sensitive Ma

Saudi Arabia Smart Materials Industry Databook Series – Market Size & Forecast by Value Across 170+ Market Segments in Shape Memory Alloy, Piezoelectric Materials, Thermo-Responsive Materials, Magnetostrictive Materials, Chromic Materials, pH Sensitive Materials, Magnetorheological Materials, Phase Change Material, and Self-Healing Material, Q2 2023 Update
According to ConsTrack360, Smart materials in the country are expected to grow by 8.0% on an annual basis to reach US$603.9 million in 2023.

Medium to long term growth story of smart materials in Saudi Arabia remains strong. Smart materials adoption is expected to grow steadily over the forecast period, recording a CAGR of 8.5% during 2023-2027. The smart materials in the country will increase from US$559.0 million in 2022 to reach US$836.6 million by 2027.

The increasing investment by the Saudi Arabian authorities in the development of infrastructure is aiding the growth of the smart materials market in the Kingdom. The government is pouring billions of dollars into the development of roads and other infrastructure projects and the trend is projected to further continue in 2023. This aim to boost economic growth and improve the quality of life will, therefore, aid the smart materials market in Saudi Arabia.

The growing number of smart city projects is also expected to drive the adoption of smart materials into the Saudi Arabian construction industry over the next five years. Innovation in the construction market is also expected to grow from the short to medium-term perspective in Saudi Arabia. All of these factors together are projected to keep supporting the growth of the smart material market in the Kingdom over the next three to four years.

Smart city projects will aid the adoption of smart construction materials in Saudi Arabia in 2023

The Kingdom has been investing significantly in the development of infrastructure and smart city projects over the last few years. Along with government funding, private sector investment has also surged in the space over the last few years and the trend is projected to further continue from the short to medium-term perspective.
• URB, the global leader in developing sustainable cities, announced the launch of a green living development in Saudi Arabia in 2022. The smart city built over 1,000 hectares will lead to the development of 11,000 residential units in Riyadh. The project which is expected to use 100% renewable energy and water recycling is expected to aid the growth of the smart construction materials industry in the Kingdom of Saudi Arabia.

Over the next three to four years, ConsTrack360 expects more such smart city projects to be announced across the Kingdom, thereby supporting the growth of construction-related industries such as smart materials from the short to medium-term perspective in Saudi Arabia.

Net zero goals will drive the adoption of smart construction materials in Saudi Arabia

Construction is one of the largest contributors to carbon emissions. With the construction market growing at a rapid rate in the Kingdom, players in the segment will have to increasingly look at alternative and smart construction materials that can help the Kingdom achieving its net-zero goals from the medium to long-term perspective. Consequently, ConsTrack360 expects that the adoption of smart construction materials will increase significantly in the Saudi Arabian market over the next three to four years. As a result of this, ConsTrack360 maintains a positive growth outlook for the smart materials industry in the Kingdom from the medium to long-term perspective.

This market intelligence report from ConsTrack360 provides a detailed view of market opportunities in the smart materials industry at country level. With over 170+ KPIs, covering market size by end-use, application areas, and smart materials types in Saudi Arabia, this Databook offering primarily provides data-centric analysis with charts and tables.
• End-Use Market Dynamics: Provides a comprehensive data-centric view of size and structure, industry dynamics, and smart materials opportunities in various end-use sectors in Saudi Arabia.
• Application Areas: Provides an in-depth analysis of smart material application areas across various end-use sector at country level.
• Smart Materials Types: Provides demand analysis of market by 9 key smart materials types. Shape Memory Alloy, Piezoelectric Materials, Thermo-Responsive Materials, Magnetostrictive Materials, Chromic Materials, pH Sensitive Materials, Magnetorheological Materials, Phase Change Material, and Self-Healing Material. This segment provides in-depth analysis of use of smart materials in end-use sectors.It also provides cross segmentation analysis of each material type into end-use and application.

ConsTrack360’s research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view on emerging business and investment market opportunities

Scope

This report provides a detailed data-centric analysis of the smart materials industry, covering market opportunity, and industry dynamics by smart materials types, end-use sector and application areas

In addition, it also provides market size and forecast of the smart materials types demand analysis in Saudi Arabia. With over 170+ KPIs at the country level, this report provides comprehensive understanding of market dynamics at a more granular level.

Saudi Arabia Smart Materials Market Size by Type, 2018-2027
• Shape Memory Alloy
• Piezoelectric Materials
• Thermo-Responsive Materials
• Magnetostrictive Materials
• Chromic Materials
• pH Sensitive Materials
• Magnetorheological Materials
• Phase Change Material
• Self-Healing Material

Saudi Arabia Smart Materials Market Size by End-Use, 2018-2027
• Aerospace & Defence Industry
• Biomedical & Pharmaceutical Industry
• Industrial Manufacturing Industry
• Technology Industry
• Construction Industry
• Food & Beverages Industry
• Automotive and Transportation Industry
• Energy & Utility Industry
• Other Industry

Saudi Arabia Smart Materials Market Size by Application Areas, 2018-2027
• Food Packaging
• Food Processing
• Food Safety
• Materials & Manufacturing
• Mechanical & Functional Response
• Process Management
• Drug Delivery Systems
• Tissue Engineering
• Diagnostics
• Antibacterial Materials
• Devices
• Building Materials
• Coatings
• Energy Storage
• Energy Harvesting
• Robotics
• Other

Saudi Arabia Smart Materials By Material X End-Use, 2018-2027

Saudi Arabia Smart Materials By Material X End-use Sector X Application, 2018-2027

Saudi Arabia Smart Materials By End-use Sector X Application, 2018-2027

Reasons to Buy
• In-depth Understanding of Smart Materials Market: Market opportunity and key data trends across 170+ market segments.
• Deeper Segmentation of Smart Materials: Market size and forecast by types, end-use, and application areas.
• Develop Market-Specific Strategies: Identify growth segments and target specific opportunities to formulate your strategy; assess market-specific key trends, drivers, and risks in the smart materials industry in Saudi Arabia
• Comparable Data: Get detailed and comparable data for the smart materials market across 50 countries