Middle East Construction Chemicals Market Size
| 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 |
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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 Market Trends
This section covers the major market trends shaping the Middle East Construction Chemicals Market according to our research experts:
Strong Infrastructure Growth
The construction chemicals market in the Middle East is a fast-growing industry that is being driven by the growing demand for building infrastructure.
- The Middle East infrastructure market is one of the world's fastest-growing. Over the last decade, the region has seen a surge in infrastructure investment, with an estimated USD 1.5 trillion invested in the sector between 2010 and 2020. Population growth, rapid urbanization, and economic diversification have all contributed to an increase in government infrastructure spending in Middle Eastern countries.
- The UAE Vision 2021 envisions the creation of a modern, diverse, and competitive economy based on knowledge and innovation. The UAE has identified a number of critical infrastructure projects that will be required to support economic growth, including the construction of a modern transportation network that includes roads, railways, ports, and airports.
- UAE Dubai Creek Tower will be completed in 2023, with a height of 928 meters and a budget of USD 1 billion.Other big infrastructure projects include the expansion of Abu Dhabi International Airport and the metro, as well as the building of a new canal that will connect the Persian Gulf to the Arabian Sea.
- The government of Qatar spent about USD 103 billion on big infrastructure projects to get ready for the FIFA World Cup 2022.The official budget for World Cup construction is between USD 8 billion and USD 10 billion, but this is supported by the USD 200 billion that will be spent to finish a new metro system by 2022.
Overall, the Middle East construction chemicals market is expected to expand rapidly in the coming years, owing to the region's favorable economic conditions, strategic location, emphasis on sustainable construction, and growing population. This presents significant opportunities for Middle Eastern companies operating in the construction chemicals market.
Saudi Arabia to Dominate the Market
- Saudi Arabia's construction industry is predicted to have tremendous development and attractive opportunities due to significant investments being made in both residential and non-residential projects. Many industrial centers, educational institutions, medical facilities, residential buildings, smart cities, and tourist attractions are in the process of being built right now.
- Saudi Arabia's Amid Vision 2030 is a significant development plan supported by megaprojects aimed at the growth of the nation's infrastructure. With an emphasis on environmental commitments, enhancing citizen quality of life, and creating a strong economy, Vision 2030 aspires to bring about change. Investments in several fields, including healthcare, education, and infrastructure, have expanded as a result of the introduction of Vision 2030 and the corresponding National Transformation Plan (NTP).
- Many residential and commercial projects are being launched in Saudi Arabia, which is anticipated to increase the country's construction activity. Some of these projects are the USD 500 billion futuristic mega-city "Neom" project, the Red Sea Project Phase 1 (due for completion in 2022), which includes 14 luxurious and hyper-luxury hotels that may total 3,000 rooms spread across five islands and two inland resorts, Qiddi Entertainment City, Amaala - the luxurious wellness tourism destination, Jean Nouvel's Sharaan resort in Al-Ula, the Ministry of Housing's Sakani homes, and Jeddah Tower.
- Saudi Arabia is developing, and the nation is receiving impressive amounts of investment. The nation declared in March 2022 that it would more than triple the size of its rail network by installing 8,000 kilometers of new track. In July 2021, USD 147 billion was allocated to the transportation and logistics sectors. By 2030, when the targets have been met, these industries will contribute 10% of the nation's GDP, a 4% increase from today.
- According to the Gulf Council Corporation, Saudi Arabia has planned to invest USD 66.49 billion in healthcare facilities, with help from the private sector, whose participation is expected to rise by 65% by 2030.
- With all of these things in mind, the Saudi Arabian construction chemicals market is expected to grow steadily over the next few years.
Middle East Construction Chemicals Industry Overview
The construction chemicals market in the Middle East is partially consolidated in nature. Some of the major players in the market include BASF, Sika A.G, Master Builders Solutions (MBS), Pidilite Industries Ltd., Dow, CHRYSO, Ahlia Chemicals Company, and Others.
Middle East Construction Chemicals Market Leaders
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BASF
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Sika AG
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Dow
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Pidilite Industries Ltd.
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Ahlia Chemicals Company
*Disclaimer: Major Players sorted in no particular order
Middle East Construction Chemicals Market News
- March 2022: Lenore Group launched its innovative product range of construction chemicals, the Master Grip in the UAE market. The company will distribute the product to all building material traders across the UAE.
- June 2021: JSW Cement entered the construction chemical business with the launch of a unique green product range including Enduro Plast ready mix plaster, Krysta Leakproof integral crystalline waterproofing compound, and Duraflor floor hardner.
Middle East Construction Chemicals Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 High Demand from Infrastructure Projects
- 4.1.2 Demand for High-Strength, Energy Efficient Infrastructure
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4.2 Restraints
- 4.2.1 Tightening Regulations on VOC Emissions
- 4.2.2 Growing Severity and Amendments in Building Codes/Standards
- 4.3 Industry Value-Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value)
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5.1 Product Type
- 5.1.1 Concrete Admixture
- 5.1.2 Surface Treatment
- 5.1.3 Repair and Rehabilitation
- 5.1.4 Protective Coatings
- 5.1.5 Industrial Flooring
- 5.1.6 Waterproofing
- 5.1.7 Adhesives
- 5.1.8 Sealants
- 5.1.9 Grouts and Anchor
- 5.1.10 Cement Grinding Aids
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5.2 End-user Industry
- 5.2.1 Commercial
- 5.2.2 Industrial
- 5.2.3 Infrastructure & Public Spaces
- 5.2.4 Residential
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5.3 Geography
- 5.3.1 United Arab Emirates
- 5.3.2 Saudi Arabia
- 5.3.3 Kuwait
- 5.3.4 Qatar
- 5.3.5 Egypt
- 5.3.6 Rest of the Middle-East
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers, Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%)**/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Ahlia Chemicals Company
- 6.4.2 BASF
- 6.4.3 CHRYSO
- 6.4.4 Dow
- 6.4.5 Master Builders Soulution (MBS)
- 6.4.6 Pidilite Industries Ltd
- 6.4.7 Sika AG
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Green Construction Chemicals and Sustainable Building Materials
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 Research 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.
What years does this Middle East Construction Chemicals Market cover?
The report covers the Middle East Construction Chemicals Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Middle East Construction Chemicals Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Middle East Construction Chemicals Industry Report
Statistics for the 2024 Middle East Construction Chemicals market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Middle East Construction Chemicals analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
