Increasing Number of New Constructions across Saudi Arabia Spurs the Demand for Construction Chemicals

According to MarkNtel Advisors, the GCC Construction Chemicals Market is projected to witness around 15% CAGR during 2021-26. The market is driven principally by the increasing investments by the governments of GCC countries in various construction activities, coupled with upcoming smart city projects. It, in turn, is propelling the demand for construction chemicals & generating numerous growth opportunities for the leading market players, especially across Saudi Arabia & UAE.

Besides, various initiatives toward economic diversification and reducing the dependencies on oil are anticipated to remain a critical factor in augmenting the overall market growth. Moreover, with the growing concerns related to the harmful effects of conventional buildings entwined with the changing government policies to build sustainable & environment-friendly buildings, the number of construction projects in the region is significantly increasing and soaring the demand for construction chemicals. 

Furthermore, the mounting focus of several leading players in the construction industry on underground structure protection using sustainable materials is playing a crucial role toward sustainability and driving the market, further states the research report, "GCC Construction Chemicals Market Analysis, 2021."

Key Questions Answered in the Study

1. What are the current & future trends in the GCC Construction Chemicals Market?
2. How has the industry been evolving in terms of geography & services adoption?
3. How has the competition been shaping across the GCC region, followed by their comparative factorial indexing?
4. What are the key growth drivers & challenges for the GCC Construction Chemicals Market?
5. What are the customer orientation, purchase behavior, and expectations from construction chemical providers across the GCC region?

Concrete Admixtures Experience Maximum Demand across UAE & Saudi Arabia

Amongst various types of construction chemicals, Concrete Admixtures dominated the market with the largest share. It owes to their increasing demand due to their capabilities of enhancing the concrete properties to bind materials in construction.

Besides, benefits like low cement-water ratio, reduced segregation, better setting time, etc., are other prominent aspects propelling the demand for concrete admixtures. With the increasing number of construction activities in the GCC region, especially across UAE & Saudi Arabia, the high demand for concrete admixtures has backed the market growth substantially & shall prevail the same trend in the coming years.

Rise of Green Buildings in Saudi Arabia to Contribute Significantly to the Market Growth

With the mounting demand for construction chemicals for projects associated with infrastructure development and the construction of green buildings & smart cities, Saudi Arabia is significantly contributing to the construction chemicals market. Besides, several initiatives by the Saudi government toward reducing economic dependence on oil are leading to the increasing focus on the construction sector, thereby driving the market.

Moreover, the availability of numerous projects like the construction of airports, buildings, highways, roads, bridges, & hotels, among various others, is another crucial aspect fueling the demand for construction chemicals and bolstering the market growth in Saudi Arabia, reveals MarkNtel Advisors in their research report, "GCC Construction Chemicals Market Analysis, 2021."

According to MarkNtel Advisors, the major leading players in the GCC Construction Chemicals Market are BASF Middle East LLC, Middle East Fosroc, Sika GCC, DOW Menat, Chryso Gulf, Saudi Basic Industries Corporation (SABIC), GCP Applied Technologies Inc., Henkel Arabia, Jotun Saudia Co. Ltd., and DOW Menat.

Market Segmentation:

1. By Type (Concrete Admixtures, Waterproofing Chemicals, Adhesives and Sealants, Flooring Compounds, Repair and Rehabilitation, Protective Coatings, Others)
2. By End User (Infrastructure [Roads and Bridges, Railways, Metros, Airports, Water Reservoirs, Energy], Commercial [Office Space, Rentals, Education Institutions, Hospitals, Hotels] Industrial [Cement, Iron, and Steel, Capital Goods, Automobiles, Pharmaceuticals, Paper, Petrochemicals, Food & Beverages] Residential [Elite Housing, Middle Class, Low-Cost Housing], Public Space [Government Building, Statues & Monuments])
3. By Country (UAE, Saudi Arabia, Bahrain, Oman, Qatar, Kuwait)
4. By Competitors (BASF Middle East LLC, Middle East Fosroc, Sika GCC, DOW Menat, Chryso Gulf, Saudi Basic Industries Corporation (SABIC), GCP Applied Technologies Inc., Henkel Arabia, Jotun Saudia Co. Ltd., DOW Menat)