Construction Chemicals Markets Expected to Exceed US$ 7.9 billion by 2028

Titled "MEA Construction Chemicals Market: A Growth Forecast and Market Dynamics Analysis," the report by RationalStat projects an approximate 6% growth rate in the Middle East and Africa (MEA) construction chemicals market for the period 2022-2028. Offering a comprehensive examination of historical and future market sizes, the report includes an in-depth market trend analysis, market share breakdown, production capabilities of leading companies, competitive landscape overview, strategic imperatives, key end-user insights, potential growth zones, production capacities, market strategies, and supply-demand and competition analyses for the targeted players within the MEA Construction Chemicals market.

Market Overview and Dynamics: The primary driver for the MEA construction chemicals market is government investment, notably initiatives like the National Transformation Program (NTP) and Saudi Arabia Vision 2030. These, coupled with rising disposable income, have spurred demand for higher-quality infrastructure in the region. Furthermore, the market is set to benefit from the expansion of new construction and repair & rehabilitation sectors in developing economies. Despite these opportunities, challenges such as delayed projects due to high initial investment costs, protracted contract awarding and execution processes, economic recession-induced depreciating foreign currency, and declining foreign direct investment (FDI) inflows are anticipated during the projected period.

In Saudi Arabia, the government's emphasis on developing transport infrastructure, energy, utility facilities, and affordable housing programs is expected to drive the demand for construction chemicals. UAE and Saudi Arabia are poised to dominate the MEA construction chemicals market. Egypt and Algeria are also increasingly utilizing construction chemicals to enhance the performance of concrete and other building materials.

Concrete Admixtures Segment: Anticipated to experience substantial growth due to the enhanced characteristics of concrete achieved through the addition of admixtures.

Non-Residential Segment: Dominates based on the growing infrastructure development, with increasing demand for commercial buildings, bridges, roads, dams, and tunnels.

Region-wise: UAE and Saudi Arabia lead the MEA construction chemicals market due to the high economic rate and spending power in residential and commercial areas.

The MEA construction chemicals market exhibits a fragmented nature, with various players adopting strategies such as mergers, acquisitions, partnerships, and collaborations to reinforce their market share. Some noteworthy developments in the market include:

August 2022: Sika decided to postpone its acquisition of the MBCC Group while UK regulatory authorities investigate potential anti-competitive aspects. The acquisition, initially planned to close by the end of 2022, is now expected in the first part of 2023.

June 2021: RPM International Inc.'s Carboline subsidiary acquired Dudik Inc., a major player in high-performance coating, flooring systems, and tank linings.

Prominent players in the MEA construction chemicals market include Chryso Gulf, Saudi Basic Industries Corporation, GCP Applied Technologies Inc., Henkel Arabia, Jaotun Saudi Co. Ltd., 3M Company, SIKA GCC, Middle East Fosroc, BASF Middle East LLC, ACC Limited, Buildcore Chemicals, RPM International Inc., DOW Menat, Arkema SA, Ashland Inc., and Pidilite Industries, among others.