By Type (Concrete Admixtures, Waterproofing Chemicals, Adhesives and Sealants, Flooring Compounds, Repair and Rehabilitation, Protective Coatings, Others), By End User (Infrastruct......ure [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]), By Country (UAE, Saudi Arabia, Bahrain, Oman, Qatar, Kuwait), 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) Read more
- Chemicals
- Dec 2021
- 256
- PDF, Excel, PPT
Market Definition
Construction chemicals are compounds added to construction materials such as concrete, cement, coatings, etc., to deliver high strength & durability and provide extra protection from environmental hazards. Additionally, these chemicals possess benefits like less water & cement usage during construction activities. The massive investments in construction projects across GCC nations have surged the demand & supply of these chemicals in recent years.
Market Insights
The GCC Construction Chemicals Market is projected to grow at a CAGR of around 15% during the forecast period, i.e., 2021-26. The market is driven primarily by the rising investment in numerous construction activities by the governments of GCC countries to build smart cities with green buildings. Besides, the governments are also focusing on economic diversification away from the oil sector and investing substantially across other industry verticals, including the construction sector.
In addition, the swiftly increasing awareness about the environmental effects caused by conventional buildings is further generating growth opportunities for the leading market players to introduce new products & improve existing chemicals, build green buildings, and encourage sustainability.
Moreover, some players in the construction industry are focusing on underground structure protection using sustainable materials to enhance thermal insulation & building protection and enable cool-roof treatments. Similarly, with the expanding infrastructure sector, the demand for building repairs & rehabilitation is also increasing and necessitating the use of construction chemicals in construction activities to add more strength & corrosion resistance while reducing the use of water & cement.
Also, the growing trend of building modern residential complexes & commercial structures is boosting the demand for construction chemicals across the GCC. Furthermore, GCC countries are also observing an increasing number of joint ventures among prominent domestic & international players in their construction industry, which is anticipated to further contribute to the overall market growth in the coming years.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2016-19 |
| Base Year: 2020 | |
| Forecast Period: 2021-26 | |
| CAGR (2021-2026) | 15% |
| Countries Covered | UAE, Saudi Arabia, Qatar, Kuwait, Oman, Bahrain |
| Key Companies Profiled | 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 |
| Unit Denominations | USD Million/Billion |
Impact of Covid-19 on the GCC Construction Chemicals Market
With the Covid-19 pandemic in 2020, most industries across the GCC region observed a decelerating effect where the Construction Chemicals Market was no exception. In response to curb the spread of this dreadful disease, governments across the region imposed stringent movement restrictions & lockdowns, which, in turn, led to the shutdown of most industries and a halt in construction activities.
The market witnessed several challenges like unavailability of labor, disrupted supply chain, and reduced investments. Yet, with the gradual improvement in the pandemic situation since 2021 and the resumption of business operations, including construction activities, the market is anticipated to gain its usual momentum & regain from lossed in the coming years while creating growth opportunities for the leading players.
- Introduction
- Product Definition
- Research Process
- Market Segmentation
- Assumptions
- Preface
- Executive Summary
- Impact of COVID-19 on GCC Construction Chemicals Market
- GCC Construction Chemicals Market Outlook, 2016-2026F
- Market Size & Analysis
- Revenues
- Unit Sold
- Market Share & Analysis
- By Type
- Concrete Admixtures
- Waterproofing Chemicals
- Adhesives and Sealants
- Flooring Compounds
- Repair and Rehabilitation
- Protective Coatings
- Others
- 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 and Beverages
- Residential
- Elite Housing
- Middle Class
- Low-Cost Housing
- Public Space
- Government Building
- Statues and Monuments
- Infrastructure
- By Country
- UAE
- Saudi Arabia
- Bahrain
- Oman
- Qatar
- Kuwait
- By Company
- Competition Characteristics
- Market Share & Analysis
- Competitive Matrix
- By Type
- Market Size & Analysis
- UAE Construction Chemicals Market Outlook, 2016-2026F
- Market Size & Analysis
- Revenues
- Market Share & Analysis
- By Type
- By End-User
- Market Size & Analysis
- Saudi Arabia Construction Chemicals Market Outlook, 2016-2026F
- Market Size & Analysis
- Revenues
- Market Share & Analysis
- By Type
- By End-User
- Market Size & Analysis
- Bahrain Construction Chemicals Market Outlook, 2016-2026F
- Market Size & Analysis
- Revenues
- Market Share & Analysis
- By Type
- By End-User
- Market Size & Analysis
- Oman Construction Chemicals Market Outlook, 2016-2026F
- Market Size & Analysis
- Revenues
- Market Share & Analysis
- By Type
- By End-User
- Market Size & Analysis
- Qatar Construction Chemicals Market Outlook, 2016-2026F
- Market Size & Analysis
- Revenues
- Market Share & Analysis
- By Type
- By End-User
- Market Size & Analysis
- Kuwait Construction Chemicals Market Outlook, 2016-2026F
- Market Size & Analysis
- Revenues
- Market Share & Analysis
- By Type
- By End-User
- Market Size & Analysis
- GCC Construction Chemicals Market Dynamics
- Growth Drivers
- Challenges
- Impact Analysis
- GCC Construction Chemicals Market Policies, Regulations, Product Standards
- GCC Construction Chemicals Market Trends & Insights
- GCC Construction Chemicals Market Hotspot & Opportunities
- GCC Construction Chemicals Market Key Strategic Imperatives for Success & Growth
- Competition Outlook
- Competition Matrix
- Product/ Solution Portfolio
- Target Markets
- Research & Development
- Strategic Alliances
- Strategic Initiatives
- Company Profiles of Top Companies (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
- 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
- Competition Matrix
- Disclaimer
MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:
1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.
2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.
3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.
4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making
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