The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), GCC Construction Chemicals Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of GCC Construction Chemicals Industry (2021-2026):
According to the latest report, The GCC Construction Chemicals Market is projected to grow at a CAGR of around 15% during the forecast period, i.e., 2021-26. The report demonstrates the prominent factors propelling the exponential growth of the GCC Construction Chemicals industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2016-19
- Base Year: 2020
- Forecast Period: 2021-26
- CAGR – 15%
What are the major Driver the GCC Construction Chemicals industry?
New Constructions & Repairs of Existing Structures to Drive the GCC Construction Chemicals Market - The burgeoning number of construction activities under the prime focus on infrastructure development across the GCC region is anticipated to display an increasing demand for construction chemicals in the coming years to suffice the requirements at these projects & also for the repairs & rehabilitation of existing structures. This rising number of construction activities is propelling the demand for cement & directly impacting the need for chemicals like adhesives & sealants, concrete admixtures, cement additives, etc.
Moreover, with the introduction of new products & improvements in the existing construction chemicals, with benefits like performance & endurance of structures, reducing corrosion, etc., the market shall further observe growth.
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GCC Construction Chemicals Market Segmentation
The GCC Construction Chemicals Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Type
- Concrete Admixtures
- Waterproofing Chemicals
- Adhesives and Sealants
- Flooring Compounds
- Repair and Rehabilitation
- Protective Coatings
- Others
- By End-User
- Infrastructure
- Roads and Bridges
- Railways
- Metros
- Airports
- Water Reservoirs
- Energy
- Commercial
- Office Space
- Rentals
- Education Institutions
- Hospitals
- Hotels
- Industrial
- Cement
- Iron and Steel
- Capital Goods
- Automobiles
- Pharmaceuticals
- Paper
- Petrochemicals
- Food and Beverages
- Residential
- Elite Housing
- Middle Class
- Low-Cost Housing
- Public Space
- Government Building
- Statues and Monuments
- By Country
- UAE
- Saudi Arabia
- Bahrain
- Oman
- Qatar
- Kuwait
As per the regional aspect, the GCC Construction Chemicals Market is expected to be dominated by UAE by capturing the potential market share.
Explore further details about this research report - https://www.marknteladvisors.com/research-library/gcc-construction-chemicals-market.html
Top Companies in the GCC Construction Chemicals Market
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., DOW Menat
Recent Developments by Leading Companies
In February 2021, Saudi Arabia Military Industries (SAMI) signed a deal to jointly work with the US-based Lockheed Martin Corporation to improve Saudi Arabia’s defense & manufacturing capabilities. This deal involves the development of localized capabilities by transferring technology & knowledge and training the Saudi workforce in manufacturing products for & providing services to the Saudi armed forces.
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