GCC Construction Chemicals Market 2021, Comprehensive Analysis, Industry Survey, Growth and Major Policies Report

 Infinium Global Research’s recent report on the “GCC Construction Chemicals Market (By Type (concrete admixtures, waterproofing & roofing, repair, flooring, sealants & adhesives and other), By End-use (residential, industrial/commercial, infrastructure and repair structure)): GCC Industry Analysis, Trends, Size, Share and Forecasts up to 2027” provides a comprehensive outline of the factors responsible for the growth of the market. The reported study estimated the market for water desalination at USD 3.7 billion in 2021 and will reach over USD 4.9 billion in 2027, with a Compound Annual Growth Rate of 4.8%, over the forecast period (2021-2027).

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"We are Now Including the Impact Analysis of COVID-19 on this Premium Report and the Forecast Period of this Report shall be Revised to 2023-2030." 

The Section on the Impact of COVID-19 on this Market is Included in the Report for Free.

Construction chemicals strengthen the structure of the building and enhance the durability of the construction. They are used in combination with cement, concrete, or other construction materials at the time of construction. Construction chemicals have revolutionized the construction and civil repair sectors. Increasing infrastructure development across GCC is the majorly driving the growth of the construction chemicals market in the region. Governments of several countries in the GCC are investing heavily in their infrastructure such as expressways, roads, and highways to boost their economies. Moreover, rapid urbanization and growing population across the countries in the GCC region are augmenting the construction industry. Thus, the growing urbanization and population are supporting the growth of construction chemicals in GCC.

The COVID-19 outbreak had adverse effects on the GCC construction chemical market. As the market is directly related to the construction industry, the plunge in the construction industry in GCC had a negative impact on the construction chemical market. The demand for construction chemicals was momentarily decreased due to reduced demand from the end-users. Governments across the region-imposed lockdown orders to control the spread of COVID-19. The governments also imposed restrictions on construction operations. Thus, many ongoing construction sites were abandoned. Furthermore, several future plans for constructing buildings and infrastructure were been postponed due to government restrictions and concern over the spread of disease. Additionally, the spread of COVID-19 also created a decline in demand and production stoppage owing to workforce dislocation, cost escalation, and supply chain disruption.

Infrastructure to Remain the Largest End-Users of Construction Chemical

Among the end-users, the infrastructure segment accounted for the largest share of the GCC construction chemicals market. Construction chemicals are widely used for infrastructure development for different applications, such as admixtures, adhesives, and sealants, repair and rehabilitation, flooring, and waterproofing. Construction chemicals offer stability and durability to the structures and improve the performance of concrete, and other construction materials. They also expand the life of infrastructure and offer additional protection from various environmental factors such as air, moisture, heat, and cold. Moreover, the growing population and rapid urbanization augment the need for infrastructure. This makes infrastructure development the first preference for key players. Furthermore, many countries in GCC are turning away from oil, which is encouraging them to invest more on better infrastructure. This, in turn, drives the GCC construction chemical market growth.

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The Saudi Arabia to Be the Dominant Country in the Construction Chemicals Market

Based on country, Saudi Arabia accounted for the largest share of the construction chemicals market in 2020 and is expected to continue its dominance over the forecast years. Factors including a growing number of construction projects and growing investment in infrastructure development is augmenting the demand for construction chemicals in Saudi Arabia. Further, the Vision 2030 initiative by the Saudi government is anticipated to boost the construction chemicals market. The Vision 2030 initiative is designed to promote economic, technological, and cultural development in Saudi Arabia in order to reduce the country’s dependence on oil, and gas. The programs in Vision 2030 include infrastructure development, which supports the growth of the construction industry in the country. Additionally, the Saudi government is investing heavily in the real estate industry, which, in turn, boosts the construction chemical market in the country. Besides, the presence of several large construction companies in the country propels the construction chemical market in Saudi Arabia.

Major Players Operating in the Construction Chemicals Market Focusing on New Product Development

The construction chemicals market is consolidated with the presence of multinational players. The major players in the market include Arkema, BASF, Fosroc International, SAAK Construction Chemicals, SABIC, and Sika. These companies are investing in R&D activities to develop new products and facilitate other organic strategies to gain a competitive edge in the market. The major players in the market are likely to involve in strategies such as acquisition, and expansion of their product portfolio. For instance, in November 2020, Lone Star acquired the BASF construction chemicals business named MBCC Group. Through this acquisition, Lone Star is aiming to expand its business in the Middle East region.

In addition, the market players are investing in effective strategy partner knowledge in construction chemicals to strengthen their competitive edge in the market. Infinium Global Research’s recent report on the GCC construction chemicals market is an encompassment of such recent developments in the GCC marketplace. The report delivers insights into the recent developments by leading players that have contributed to the growth of the market and also estimates the impact of recent developments in the GCC market.

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Reasons to Buy this Report:

=> Comprehensive analysis of regional markets of the GCC construction chemicals.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and market size forecast up to 2027.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company. 

 => Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.