Construction chemicals are formulated chemicals that are used for the purpose of increasing strength, quality of solidification and protection of concrete structures from the atmospheric degradation. These chemicals are utilized for speeding-up of work either in repair activities or for new construction projects. There are different types of construction chemicals available in the market such as concrete admixtures, surface treatment, waterproofing etc. These materials impart in chemical as well as physical properties in applications such as cross-linking or phase change (from liquid to solid). Although the cost associated for utilizing construction chemicals lies in the range of 2-5 percent of the construction projects but still construction chemicals are utilized to achieve high quality and reliability of the concrete. Moreover, these chemicals are used in the construction projects as they provide increased durability and provide added protection from the environmental hazards. With increasing research and developments to develop high-quality infrastructure, construction chemicals are among the vital part of the construction sector.
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The rapid growth in the infrastructure sector along with repair requirements in the older buildings within GCC countries led to an increase in the utilization of sophisticated technologies in construction activities which acts as a major factor bolstering the growth of the GCC Construction Chemical Market. Moreover, scheduled mega-events such as Dubai World Expo 2020 and Qatar FIFA World Cup 2022 are contributing towards the demand of high-quality infrastructure which is also propelling the growth of GCC Construction Chemical Market. Government initiatives to increase diversified investment patterns over the different sectors such as infrastructure, retail, industrialization etc so that the dependency on the oil sector can be minimized also acts as a significant growth driving factor for the GCC Construction Chemical Market. For instance, Saudi Arabia reforms underway as the part of Vision 2030, so that the country being a knowledge-based economy rather than oil-based. In addition, there are multiple of projects that are in pipe line such as airports, metro networks, ports, roads, bridges, and hotels etc also contribute towards creating high demand for constriction chemicals in GCC region over the forecast period of 2019 – 2026. However, challenges associated with adverse effect on the environment owing to the reaction between the chemicals and the environmental gases which is harmful for the living being acts as the major restraining factor for the growth of GCC Construction Chemical Market.
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Various notable players in the market includes Dow Menat, Chryso Gulf, Saudi Basic Industries Corporation, BASF SE, Fosroc, Inc., Henkel, H.B. Fuller, 3M Gulf, Hernon Manufacturing, Pidilite MEA Chemicals LLC, Construction Material Chemical Industries (CMCI). For instance, Saudi Basic Industries Corporation joined international partners and signed three MOUs through the company’s national initiative, Nusaned™.
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The GCC Construction Chemical Market has been segmented on the basis of product type, application and countries – opportunity and forecast 2019 – 2026. Based on product type, market comprises of Concrete Admixtures, Waterproofing Chemicals, Protective Coatings, Adhesives, Sealants and Others. Application segment categorised into Residential, Commercial and Industrial.
Key questions answered in this research report:
- At what pace is GCC Construction Chemical Market growing? What will be growth trend in future?
- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
- What are the various application areas and how they are poised to grow?
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