Market Size of Middle East Construction Chemicals Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | > 4.50 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Middle East Construction Chemicals Market Analysis
The construction chemicals market in the Middle East is expected to register a CAGR of over 4.5% during the forecast period.
The COVID-19 virus outbreak slowed construction activity, resulting in a drop in demand for construction chemicals. Supply chain disruptions and labor shortages have exacerbated the situation. Furthermore, the drop in oil prices had a negative impact on the market as it reduced government spending on infrastructure projects. However, in 2021, the market recovered as governments invested heavily in infrastructure projects to stimulate economic growth.
- Over the short term, government spending on infrastructure is propelling market growth during the forecast period.
- However, government regulations on chemicals and the push for sustainable, bio-based products are likely to hinder market growth.
- Nevertheless, opportunities for the market over the forecast period will come from the future market for green building materials. The Middle-East construction chemicals market should benefit from the growing demand for building materials that use less energy and are good for the environment.
- During the next few years, Saudi Arabia is expected to have the most money in the Middle East construction chemicals market.
Middle East Construction Chemicals Industry Segmentation
Construction chemicals are substances that are used to enhance the qualities of construction materials such as asphalt, concrete, mortar, grout, and mortar. These substances can be used to strengthen and extend the life of building materials, lessen shrinkage and cracking, enhance water resistance, and offer corrosion protection. Admixtures, sealants, waterproofing agents, curing compounds, and protective coatings are examples of typical construction chemicals.
The construction chemicals market is segmented by product type, end-user industry, and geography. By product type, the market is segmented into concrete admixtures, surface treatments, repair and rehabilitation, protective coatings, industrial flooring, waterproofing, adhesives, sealants, grouts and anchors, and cement grinding aids. By end-user industry, the market is segmented into commercial, industrial, infrastructure and public space, and residential. The report covers the market size and forecast for five countries in the Middle-East region. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
Product Type | |
Concrete Admixture | |
Surface Treatment | |
Repair and Rehabilitation | |
Protective Coatings | |
Industrial Flooring | |
Waterproofing | |
Adhesives | |
Sealants | |
Grouts and Anchor | |
Cement Grinding Aids |
End-user Industry | |
Commercial | |
Industrial | |
Infrastructure & Public Spaces | |
Residential |
Geography | |
United Arab Emirates | |
Saudi Arabia | |
Kuwait | |
Qatar | |
Egypt | |
Rest of the Middle-East |
Middle East Construction Chemicals Market Size Summary
The Middle-East construction chemicals market is poised for significant growth, driven by increased government spending on infrastructure projects and a burgeoning demand for sustainable building materials. The market experienced a temporary setback due to the COVID-19 pandemic, which caused supply chain disruptions and reduced construction activity. However, recovery was swift as governments invested heavily in infrastructure to stimulate economic growth. The region's focus on green building materials presents opportunities for market expansion, despite challenges posed by regulatory constraints and the push for bio-based products. Saudi Arabia is expected to lead the market, supported by substantial investments in various sectors, including residential, commercial, and infrastructure projects, as part of its Vision 2030 initiative.
The Middle East's infrastructure market is among the fastest-growing globally, with significant investments over the past decade. The UAE and Qatar have embarked on major infrastructure projects to support economic diversification and prepare for events like the FIFA World Cup. These developments, along with Saudi Arabia's ambitious megaprojects, are set to drive the construction chemicals market forward. The market is partially consolidated, with key players like BASF, Sika AG, and Dow actively participating. Recent product launches, such as Lenore Group's Master Grip in the UAE and JSW Cement's green product range, highlight the industry's innovation and adaptation to evolving market demands. Overall, the construction chemicals market in the Middle East is expected to expand rapidly, offering significant opportunities for growth and development.
Middle East Construction Chemicals Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 High Demand from Infrastructure Projects
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1.1.2 Demand for High-Strength, Energy Efficient Infrastructure
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1.2 Restraints
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1.2.1 Tightening Regulations on VOC Emissions
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1.2.2 Growing Severity and Amendments in Building Codes/Standards
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1.3 Industry Value-Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Value)
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2.1 Product Type
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2.1.1 Concrete Admixture
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2.1.2 Surface Treatment
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2.1.3 Repair and Rehabilitation
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2.1.4 Protective Coatings
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2.1.5 Industrial Flooring
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2.1.6 Waterproofing
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2.1.7 Adhesives
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2.1.8 Sealants
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2.1.9 Grouts and Anchor
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2.1.10 Cement Grinding Aids
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2.2 End-user Industry
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2.2.1 Commercial
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2.2.2 Industrial
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2.2.3 Infrastructure & Public Spaces
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2.2.4 Residential
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2.3 Geography
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2.3.1 United Arab Emirates
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2.3.2 Saudi Arabia
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2.3.3 Kuwait
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2.3.4 Qatar
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2.3.5 Egypt
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2.3.6 Rest of the Middle-East
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Middle East Construction Chemicals Market Size FAQs
What is the current Middle East Construction Chemicals Market size?
The Middle East Construction Chemicals Market is projected to register a CAGR of greater than 4.5% during the forecast period (2024-2029)
Who are the key players in Middle East Construction Chemicals Market?
BASF , Sika AG , Dow , Pidilite Industries Ltd. and Ahlia Chemicals Company are the major companies operating in the Middle East Construction Chemicals Market.