GCC Construction Chemicals Market Analysis, 2021

Construction chemicals are the specialty products added to various construction materials for enhancing performance, better workability, and better functionality. They offer chemical resistance and the durability of civil structures. Moreover, these chemicals add life to building structures and help reduce the excess water content in materials.

According to the publisher’ research report, “GCC Construction Chemicals Market Analysis, 2021,” the market is likely to grow at a CAGR of around 15% during 2021-26. The prime factors contributing to the growth of the GCC Construction Chemicals Market are burgeoning infrastructural developments. Additionally, rapid urbanization in many countries is also likely to accelerate market growth in the coming future. Further, the increasing number of residential, commercial, and industrial buildings and surging construction activities across different GCC nations are other crucial aspects likely to drive the product demand over the forecast timeframe.

Impact of COVID-19

The sudden outbreak of the COVID-19 has drastically impacted the economy of various countries on different levels. The construction industry has been adversely affected due to the imposition of lockdown, halting all the construction activities. Due to the pandemic, the GCC Construction Chemicals Market also witnessed a significant decline in its growth, as the number of end-user verticals was affected along with supply issues. However, with the gradual upliftment of lockdown, the construction projects, which were on hold, are resuming, thereby increasing the demand for construction chemicals in the coming future.

Market Segmentation

Concrete Admixtures Accounted for the Largest Market Share

Based on the Type, the market segments into Concrete Admixtures, Waterproofing Chemicals, Adhesives and Sealants, Flooring Compounds, Repair and Rehabilitation, and Protective Coatings. Here, Concrete Admixtures acquired the largest market share in the market in the previous few years. Concrete is well-obtained by mixing sand, crushed rocks, and water. The concrete admixture is added to the concrete before or during mixing to obtain a better finish & strength. It modifies the concrete properties and ensures better quality during transportation, curing, and placing. Also, the concrete mixture enhances the durability of the concrete. Hence, these properties lead to boost the segment growth, cites the authors in their research report, “GCC Construction Chemicals Market Analysis, 2021.”

Commercial Segment Dominated the Market

Based on End-User, the market classifies into Infrastructure, Commercial, Industrial, Residential, and Public Space. Of them all, the Commercial segment captured a significant market share in the GCC Construction Chemicals Market in the previous few years. The segment growth owes to the burgeoning investments by the public & private sectors for developing high-rise commercial buildings, including education buildings, business office facilities, retail outlets, etc. Hence, an increasing number of construction activities is driving the demand for construction chemicals, thereby propelling the overall market growth.

Regional Landscape

Saudi Arabia Attained the Highest Market Share

Country-wise, Saudi Arabia held the largest share in the GCC Construction Chemicals Market in the past few years, owing to the rising urbanization and increase in the construction activities in residential and non-residential segments. In addition to this, mounting businesses and religious tourism further aid the demand for large hotel projects leading to accelerating the growth of the Construction Chemicals Market in Saudi Arabia.

Market Driver

Growing Construction Industry to Boost the Market

The primary factor contributing to the growth of the construction chemical market is the fast-track building construction. In addition to this, an increasing number of residential building projects and rising demand for construction chemicals across various industries also contribute to the overall market growth. Further, improperly specified application of adhesives leads to augment market growth across GCC nations.

Market Challenge

Rising Environmental Concerns

Stringent government regulations related to environmental concerns negatively impact the GCC Construction Chemicals Market. The construction industry is one of the prime sources of producing dust and smoke in the environment. Therefore, in the future, certain restrictions on construction activities can impact the demand for construction chemicals. Hence, being a large-scale industry, it has to follow strict environmental regulations that can hinder the overall market growth.

Competitive Landscape

According to the publishers, the major leading players in the GCC Construction Chemicals market are 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., and DOW Menat.

Key Questions Answered in the Market Research Report:

• What are the overall market statistics or estimates (Market Overview, Market Size- by Value, Forecast Numbers, Market Segmentation, and Market Shares) of the GCC Construction Chemicals Market?
• What are the region-wise industry size, growth drivers, and challenges?
• What are the key innovations, opportunities, current & future trends, and regulations in the GCC Construction Chemicals Market?
• Who are the key competitors, their key strengths & weaknesses, and how they perform in the GCC Construction Chemicals Market based on a competitive benchmarking matrix?
• What are the key results derived from the market surveys conducted during the GCC Construction Chemicals Market study?