GCC Construction Chemicals Market to grow at a CAGR of 15% during 2021-2026 | Top Player of the market are BASF, SABIC, Henkel, Dow, Sika, Fosroc, Jotun.

According to MarkNtel Advisors’ research report, “GCC Construction Chemicals Market Analysis, 2021,” the market is likely to witness around 15% CAGR during 2021-26. The significantly increasing usage of construction chemicals in various construction activities is primarily due to the burgeoning need for enhancing structural durability and impact strength. They help minimize the quantity of water used in the mixture and improve concrete performance. Further, mounting investments for infrastructural development and rising awareness regarding the benefits of these chemicals are likely to contribute to the overall market growth.

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Key Questions Answered in the Study
1. What are the current and future trends in the GCC Construction Chemicals market?
2. How has the market been evolving in terms of geography and services adoption?
3. How has the competition been shaping across the countries, followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the GCC Construction Chemicals market?
5. What are the customer orientation, purchase behavior, and expectations from the GCC Construction Chemicals market service providers across various countries?

Waterproofing Chemicals to Grow Substantially
Based on Chemical Type, the market bifurcates into Concrete Admixtures, Waterproofing Chemicals, Adhesives & Sealants, Flooring Compounds, Repair and Rehabilitation, and Protective Coatings. Of them all, Waterproofing Chemicals are more likely to grow substantially in the GCC Construction Chemicals Market during the forecast period. These chemicals, used during the construction and repair process as a preventive & maintenance ingredient, are beneficial for protecting structural issues like water infiltration. Hence, as cited above, their crucial significance shall lead them to witness substantial growth in the forecast period.

“GCC Construction Chemicals Market Analysis, 2021” provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Construction Chemicals providers across the countries. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.

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Residential Segment Exhibits Fastest Growth
Based on the End-User, the market divides into Infrastructure, Commercial, Industrial, Residential, and Public Space. Of these end-users, the Residential segment is more likely to witness the fastest growth in the GCC construction Chemicals Market during the forecast period. The segment growth owes to the increasing population, surging middle-class income, and rapid urbanization shifting residents to cities.

Moreover, swiftly improving living standards and snowballing demand for aesthetically designed structures in the residential sector are other critical aspects augmenting the demand for construction chemicals. Therefore, the residential segment shall contribute to the overall market growth during the forecast period, reveals MarkNtel Advisors in their research report, “GCC Construction Chemicals Market Analysis, 2021.”

According to MarkNtel Advisors, 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.

Market Segmentation:
1. By Type (Concrete Admixtures, Waterproofing Chemicals, Adhesives and Sealants, Flooring Compounds, Repair and Rehabilitation, Protective Coatings, Others)
2. 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 & Beverages] Residential [Elite Housing, Middle Class, Low-Cost Housing], Public Space [Government Building, Statues, Monuments])
3. By Country (UAE, Saudi Arabia, Bahrain, Oman, Qatar, Kuwait)
4. By Competitors (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)

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