UAE Construction Chemicals Market is likely to grow at a CAGR of 7% in the forecast period of 2021-26, says MarkNtel Advisors in their research report, "UAE Construction Chemicals Market Analysis, 2021." The most significant factors supporting the market growth include the rapidly increasing funding on various construction projects by the government & leading market players and the burgeoning need for developing modern commercial & residential structures. Moreover, the government's participation toward diversifying the economy and reducing the dependency on oil prompt the UAE to increase expenditure on the market.
Key Questions Answered in the Study
Commercial Sector to Attain the Fastest Growth of the UAE Construction Chemical Market
Based on End-Users, the UAE Construction Chemical Market bifurcates into 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).
Of them all, the Commercial segment is more likely to observe the fastest growth in the forecast years. It owes to the flooding investments by multiple public & private sectors toward introducing new projects to develop high-rise commercial & education buildings, office facilities, retail shops, etc. These rising numbers of construction activities are thus driving the commercial segment rapidly, thereby likely to propel the overall market growth in the forecast years.
"UAE Construction Chemicals Market Analysis, 2021" provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Construction Chemicals providers across the country. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.
Dubai Projects to Observe the Fastest Growth in the Forecast Years
Amongst all countries in the UAE, Dubai is more likely to observe the fastest growth in the forecast years, critically due to the substantially increasing projects aiming at sustainable development. The country is investing massively in a new high-value construction project, where the preference attains with the construction chemical market to provide improved construction quality. Moreover, the surging demand for innovative construction chemicals like light reflecting protective coating, better underground construction admixtures, resins, and protective coatings are also likely to lead the market to witness the fastest growth in Dubai during the forecast years, states MarkNtel Advisors in their research report, “UAE Construction Chemicals Market Analysis, 2021.”
According to MarkNtel Advisors, the leading players in the UAE Construction Chemicals Market are BASF, East Fosroc, Sika UAE, DOW Menat, Saudi Basic Industries Corporation (SABIC), GCP Applied Technologies Inc., Henkel Arabia, Colmef Construction Chemical, Corrotech Construction Chemical.