Press Release

Demand for Construction Chemicals to Upscale Due to the UAE's Booming Construction Sector

The UAE Construction Chemical Market is estimated to grow at a CAGR of about 5.83% during the forecast period, i.e., 2024-30, cites MarkNtel Advisors in the recent research report. The expansion of the market is primarily attributed to the ongoing large-scale construction projects within the region. Construction chemicals play a pivotal role in meeting the demanding requirements of modern, high-strength infrastructure and contribute significantly to enhancing the structural durability of buildings. The construction sector in the UAE is poised for substantial growth in the coming years, driven in large part by the rapid expansion of the utilities and transport industries.

Moreover, the UAE government has actively fostered an environment conducive to private sector development, seeking to diversify and complement the country's historically dominant sectors. This proactive approach has given rise to a surge in construction projects, propelling the demand for construction chemicals. The construction industry in the UAE is on an upward trajectory, with robust growth anticipated in the near future.

Factors such as increased Foreign Direct Investment (FDI) in construction, substantial government funding for development projects, and heightened participation of private enterprises in the real estate sector are all contributing to the accelerated expansion of the industry, further states the research report, “the UAE Construction Chemical Market Analysis, 2024.”

The UAE Construction Chemical Market Segmentation Analysis

Concrete Admixtures Overlooking the UAE Construction Chemical Market

Based on the type segment, the market is further bifurcated into, Concrete Admixtures, Waterproofing Chemicals, Adhesives & Sealants, Flooring Compounds, Repair & Rehabilitation, and Protective Coatings. Concrete Admixtures account for the largest share of the UAE Construction Chemicals Market. Concrete admixtures are chemical compounds incorporated into concrete to enhance its characteristics, including accelerated setting time, increased workability, extended durability, reduced cement-water ratio, improved resistance to wear, and a smoother finish for a variety of structures.

These advantageous attributes of concrete admixtures are fueling the growing demand for their use. Furthermore, the rehabilitation and refurbishment of older and residential buildings play a significant role in the construction sector within the United Arab Emirates.

Dubai to Dominate the Construction Chemical Market

Dubai accounts for the largest market share of the UAE Construction Chemical Market. This is mainly due to the large-scale investments in several new construction projects. Another important factor driving the overall market growth is the huge proliferation of projects that focus on sustainable development. In addition, there is a growing need for construction chemicals with cutting-edge properties, such as effective underground resins & admixtures and light-reflective protective coatings. This is another key factor driving the growth of the Dubai Construction Chemical market.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including BASF, East Fosroc, Sika UAE, DOW Menat, Saudi Basic Industries Corporation (SABIC), GCP Applied Technologies Inc., Henkel Arabia, Colmef Construction Chemical, Corrotech Construction Chemical, and others, are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the country?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping across the country?
6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?