GCC Construction Chemicals Market, By Type (Concrete Admixtures, Waterproofing Chemicals, Protective Coatings, Adhesives and Sealants and Others), By End User (Infrastructure and Real Estate), By Country, By Competition, Forecast & Opportunities, 2028F
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationGCC Construction Chemicals Market, By Type (Concrete Admixtures, Waterproofing Chemicals, Protective Coatings, Adhesives and Sealants and Others), By End User (Infrastructure and Real Estate), By Country, By Competition, Forecast & Opportunities, 2028F
The construction sector earns & contributes almost 6.7% to the overall GDP of the GCC region
Construction chemicals, also known as specialty chemicals or building chemicals, are chemical formulations specifically designed for the construction industry. These chemicals are used in various stages of construction, from the initial preparation of the site to the final finishing touches. They provide a range of beneficial properties and functionalities to enhance the performance, durability, and aesthetics of construction materials and structures. Concrete is one of the most widely used construction materials, and construction chemicals play a crucial role in improving its performance. Concrete admixtures, such as plasticizers, accelerators, retarders, and waterproofing agents, are added to concrete mixes to enhance workability, strength, curing time, and resistance to water penetration.
Construction chemicals are used to protect structures from environmental factors, such as moisture, chemicals, and temperature fluctuations. Waterproofing chemicals, sealants, corrosion inhibitors, and protective coatings are employed to prevent deterioration, extend the lifespan of structures, and reduce maintenance costs. Repair and restoration chemicals are used to fix existing structural damage and reinforce weakened areas. Construction chemicals are also essential for ensuring the safety and structural integrity of buildings and infrastructure. Fireproofing materials, intumescent coatings, and flame retardants are used to enhance fire resistance. Adhesives, grouts, and anchoring systems provide strong bonds and secure structural connections.
Additionally, with a focus on sustainable construction practices, construction chemicals are used to improve energy efficiency in buildings. Thermal insulation materials, reflective coatings, and cool roof systems help reduce heat transfer, enhance energy performance, and contribute to environmental sustainability. Construction chemicals also play a role in enhancing the aesthetics and surface finish of buildings. Decorative coatings, colorants, texture enhancers, and surface protection agents are used to achieve desired appearances, textures, and finishes. These aspects are expected to accelerate the Gulf Cooperation Council market expansion for construction chemicals for the forecasted period.
Expanding Infrastructure Sector to Drive the GCC Construction Chemicals Market
In 2022, the total number of infrastructure projects awarded in the GCC region is estimated to be around USD 22.8 billion, which is 11.7 percent more than last year. In Oman, there is a surge of three times in infrastructure projects estimated at around USD 1.1 billion.
The GCC countries have been hosting major international events and undertaking large-scale projects such as the FIFA World Cup 2022 in Qatar, the Expo 2020 in Dubai, and various mega real estate developments. These projects require significant construction activities, creating a substantial demand for construction chemicals to ensure structural integrity, safety, and aesthetic appeal. Along with events, the region experiences a significant rise in tourists every year due to business, desert, and religious tourism where the need for more places to stay is required. Such a growing need for hotels and resorts is expected to upsurge the demand for construction chemicals and propel the GCC construction chemical market growth.
There is a growing emphasis on sustainable construction practices in the GCC region, including energy-efficient buildings, green infrastructure, and eco-friendly materials. Construction chemicals also play a critical part in achieving these sustainability goals by enabling energy conservation, water management, waste reduction, and improving indoor air quality. As a result, the GCC construction chemicals market is experiencing substantial growth and is expected to continue expanding in the foreseeable period.
Rising Government Investments in Infrastructure Projects Propel the GCC Construction Chemicals Market Growth
According to the Saudi Arab Government report, there is a significant increase of 77 percent in infrastructure projects compared to the last year 2021 which cost almost USD 9.3 billion worth of projects. Apart from these, the KSA government has already invested in mega projects like NEOM (USD 500 billion), King Salman Energy Park, and King Salman Park through the Public Investment Fund (PIF) that is backed by the Kingdom of Saudi Arabia.
GCC countries have formulated comprehensive infrastructural development plans that involve the construction of roads, bridges, airports, ports, railways, power plants, water and wastewater treatment facilities, and other critical infrastructure including Baynouna Solar Park, New Murabba. Government investments in these projects create a substantial demand for construction chemicals as they are essential for ensuring the quality, durability, and sustainability of the infrastructure.
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Many GCC countries are working towards diversifying their economies and reducing their reliance on oil revenues. To achieve this, they are investing in non-oil sectors such as tourism, real estate, manufacturing, and logistics like Neom City, Saudi Arabia. These sectors require the development of supporting infrastructure, such as hotels, commercial buildings, industrial parks, and transportation networks like URBthe loop highway, which in turn drives the demand for construction chemicals.
The GCC region hosts major international events and undertakes mega projects that require significant infrastructure development. These projects include World Expos, international sports events, and large-scale real estate developments like Ramhan Island. Governments allocate substantial funds for the successful completion of these projects, leading to increased construction activities and the corresponding demand for construction chemicals.
In 2021, the Dubai Department of Finance announced new Public-Private Partnership projects worth USD 6.81 billion that include 30 infrastructure, transportation, and urban development projects. Besides,
GCC governments emphasize sustainable construction practices and aim to build high-quality infrastructure that meets international standards. Construction chemicals play a vital role in achieving these objectives by enhancing the strength, durability, and performance of construction materials, as well as by promoting energy efficiency and environmental sustainability. As a result, government investments in infrastructure projects drive the demand for construction chemicals.
The rising government investments in infrastructure projects in the GCC region have a significant impact on the growth of the construction chemicals market. These investments generate a strong demand for construction chemicals as they are essential for the successful implementation of infrastructure development plans, economic diversification initiatives, mega projects, and sustainable construction practices. All the above factors are going to increase the demand in the GCC construction chemicals market.
Recent Development
- In 2023, Swiss chemicals company Sika agreed to buy MBCC Group a leading global supplier of construction chemicals, the former BASF Construction Chemicals, from an affiliate of private equity firm Lone Star Funds for USD 6 billion. This acquisition helps Sika AG to Enhance and increase its product portfolio in the GCC region.
- In 2021, Sika GCC announced the expansion of concrete admixture production capacity at its Doha admixture plant. By expanding its production capacity, Sika will position itself as a supplier of high-performance product technologies that are now produced locally and easily available to consumers.
- In 2023, Saudi Arabia's Ministry of Housing launched a new initiative to promote the use of construction chemicals in the country. The initiative aims to reduce the cost of construction, improve the quality of construction, and increase the sustainability of construction projects. This in turn is expected to drive the growth of the GCC construction chemicals market.
Market Segmentation
GCC construction chemicals market has been segmented into type,
Market Players
Sika GCC, Middle East Fosroc, Juffali Chemicals Company (DOW chemicals),Chryso Gulf LLC, Saudi Basic Industries Corporation (SABIC), GCP Applied Technologies Inc., North Group Co. FZCO, Henkel Arabia, Jotun Saudia Co. Ltd., and Corrotech Construction Chemicals (CCC) are some of the key players operating in the GCC construction chemicals market.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2018-2021 and 2022-2028 |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | Type End User |
| Regional scope | Saudi Arabia, UAE, Qatar, Kuwait, Oman, and Bahrain. |
| Key companies profiled | Sika GCC, Middle East Fosroc, Juffali Chemicals Company (DOW chemicals),Chryso Gulf LLC, Saudi Basic Industries Corporation (SABIC), GCP Applied Technologies Inc., North Group Co. FZCO, Henkel Arabia, Jotun Saudia Co. Ltd., and Corrotech Construction Chemicals (CCC). |
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