UAE Construction Chemicals Market Research Report: Forecast (2024-2030)

Market Insights & Analysis: The UAE Construction Chemical Market (2024-30):

The UAE Construction Chemical Market is estimated to grow at a CAGR of about 5.83% during the forecast period, i.e., 2024-30. The market growth is driven primarily by the ongoing large-scale construction activities across the UAE. Construction chemicals play a significant role in meeting the requirements of high-strength & hi-tech infrastructures and are also beneficial in enhancing the durability of a building's structure. The UAE's construction industry is expecting considerable growth in the coming years, principally due to the rapidly growing utilities & transport sector.

The UAE government is trying to promote the development of the private sector that could complement the historical dominance of the country, which, in turn, is boosting the demand for construction chemicals in the country. In addition, ambitious projects of the government, such as the Etihad rail project, Al Maktoum International Airport, and others, are expected to elevate the growth of the Construction Chemical Market in the forecast year as well. For instance:

• In 2023, the government of UAE planned to restart its largest construction project, "Al Maktoum International Airport'.

These developments are an efficient alternative for passenger & freight transportation, which impacts the construction activities in the country and consequently the demand for construction chemicals across the market. Moreover, hosting the World Expo and initiatives like the UAE Vision 2030 & Abu Dhabi Vision 2050 are other crucial aspects expected to infuse substantial investments in various construction projects and enhance the UAE Construction Chemical Market size.

The UAE Construction Chemical Market Driver:

Rising Investment in the Construction Industry of the UAE – The UAE government is taking various actions to support the construction activities of residential, commercial, industrial, and public spaces. Hence, the construction industry in the UAE is expected to grow astronomically, which, in turn, would fuel the demand for construction chemicals in the coming years.

Moreover, the increasing inflow of Foreign Direct Investment (FDI) in the construction sector, rising government funding on construction projects, and immense participation of private companies in the development of the real-estate sector are a few major factors driving the Construction Chemical Market growth in the UAE. Nevertheless, the construction industry has gained significant profits from stimulus packages provided by the UAE government to construction companies to ensure their growth.

The UAE Construction Chemical Market Challenge:

Stringent Government regulation for VOC Emission Hampers the Market Growth – Construction chemicals are used massively as crucial materials for construction activities, leading to Volatile Organic Compounds (VOCs) emissions that are severely harmful to both humans & animals. They can result in several health issues like asthma, skin irritation, nausea, eye irritation, and headache. There are different kinds of VOCs present in construction chemicals used in the residential sector.

These VOCs include acetone, butanol, and formaldehyde emitted through floor wax, solid wood, and caulking sealant. Hence, to curb the emission of harmful VOCs, the UAE government is taking different initiatives, like introducing regulations to prevent the overuse of construction chemicals. Thus, this restriction might hinder the UAE Construction Chemical Market growth.

The UAE Construction Chemical Market Trend:

Mounting Demand for Green Construction Chemicals to Curb Harmful Gas Emissions – Construction chemicals are used widely as crucial materials in the building industry. However, their excessive usage releases harmful gases that adversely affect the environment. Hence, there is a high demand for sustainable products like green chemicals, which have negligible effects on the environment. The UAE government is taking several initiatives toward encouraging sustainable construction projects, which would propel the usage of green construction chemicals. For instance:

• Under the UAE Vision 2030, Sustainable Development Goals (SDGs) have been proposed to provide better living conditions to sectors like industry, innovation & infrastructure, sustainable cities & communities, etc.

Hence, to achieve these sustainable goals by 2030, the adoption of new environment-friendly chemicals is necessary, which, in turn, would accelerate the market growth of construction chemicals across the UAE.

The UAE Construction Chemical Market (2024-30): Segmentation Analysis

The UAE Construction Chemical Market study by MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment & includes predictions for the period 2024–2030 at the national level. In accordance to the analysis, the market has been further classified as:

Based on Type:

• Concrete Admixtures
• Waterproofing Chemicals
• Adhesives & Sealants
• Flooring Compounds
• Repair &Rehabilitation
• Protective Coatings

Concrete admixtures hold the dominant share of the UAE Construction Chemicals Market. Cement is the most commonly used binding material in the construction industry, and it is mixed with water, crushed rocks, and sand to form concrete. Concrete admixtures are chemicals added to the concrete to enhance its characteristics and obtain improved setting time, high workability & durability, low cement water ratios, wear resistance, and high finish for all structures.

Hence, these properties of concrete admixtures are significantly driving the demand for concrete admixtures. Moreover, the repairing & renovation of old & residential buildings in the UAE is another critical aspect fueling the demand for concrete admixtures in the construction industry.

Based on End User:

• Infrastructure
• Commercial
• Industrial
• Residential
• Public Spaces

The Residential & Commercial sectors together acquired the largest market share, primarily due to the mounting investments in the development of these sectors. The flourishing tourism sector is also proliferating the need for construction chemicals to enhance the aesthetics & strength of structures. Besides, the UAE National Agenda & Vision 2030 highlights the significance of forming and maintaining a sustainable environment & infrastructure. It aims to build ports, airports, and road infrastructure, which, in turn, would further boost the UAE Construction Chemical Market in the coming years.

The UAE Construction Chemical Market (2024-30): Regional Projection

Geographically, the UAE Construction Chemical Market expands across:

• Dubai
• Sharjah & North Emirates
• Abu Dhabi & Ain

Dubai holds the largest share of the UAE Construction Chemicals Market, mainly due to the massive investments in various new construction projects. The substantial surge in the number of projects aiming for sustainable developments is another crucial factor propelling the overall market growth in Dubai. Moreover, the mounting demand for construction chemicals with innovative features like effective underground resins & admixtures and light-reflecting protective coatings is another crucial aspect providing lucrative growth opportunities for the Dubai Construction Chemicals Market.

Gain a Competitive Edge with Our UAE Construction Chemical Market Report

• The UAE Construction Chemical Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
• This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
• The UAE Construction Chemical Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.