Saudi Arabia construction chemical is anticipated to grow at higher CAGR during the forecast period, due to increasing growth of the construction sector and increasing government initiatives to develop infrastructure in the region.

Introduction of the Saudi Arabia Construction Chemical Market Report

Construction chemicals are chemical formulations utilized with cement, concrete, or other construction materials at the time of construction to keep the construction material together. These chemicals are often used in various projects to achieve essential qualities such as weatherability, durability, aesthetics of dry mix materials, and others.

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Market Dynamic

Key Drivers and Emerging Trends

The factors driving the Saudi Arabia construction chemical market include the increasing growth of the construction sector in Saudi Arabia. According to the Ministry of Housing, Saudi Arabia, in 2021, the construction industry’s total revenues yearly is USD 87 billion, making construction the second largest non-oil sector. A significant opportunity came to rise with the housing program for the construction sector. According to the Ministry of Housing, Saudi Arabia, the construction sector will grow at 4% average revenue growth between 2021 and 2025. The increasing government initiatives to develop infrastructure in the region will boost the market growth during the forecast period. For instance, in 2018, Saudi Arabia and Egypt signed a joint venture to develop a USD 10 billion megacity in the southern Sinai Peninsula. Saudi Arabia has also revealed plans to build NEOM, a 25,000 square kilometers business and industrial city that links Saudi Arabia with Jordan and Egypt.

Restraint in the Saudi Arabia Construction Chemical Market

However, construction chemical increases drying shrinkage cracks. Drying shrinkage cracks are commonly caused due to loss of water from the capillary pores less than 0.5 micron, loss of absorbed water from close to a concrete surface, or loss of water present between the layer of calcium-silicate hydrate structure. This factor can act as a restraint and hamper market growth.

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Product Type – Segment Analysis

Based on the product type, the concrete admixtures segment is predicted to grow at a higher CAGR during the forecast period. Concrete admixtures are natural or artificial chemicals or additives added during concrete mixing to improve specific properties of the new or hardened concrete such as workability, durability, or early and final strength. For instance, Sika AG offers concrete admixtures in Saudi Arabia to manufacture high-performance concrete in the region.

End-Users – Segment Analysis

Based on the end-users, the residential sector is anticipated to grow at a higher CAGR during the forecast period. Construction chemicals have always played essential roles in virtually all parts of construction projects. Products like concrete admixtures, sealants, grouts, waterproofing chemicals, and others are widely used in residential buildings. The growing residential segment in the region driven by the housing program will boost the growth of the construction chemicals market. According to the Ministry of Housing, Saudi Arabia, in 2021 residential sector contributes the largest market share in the construction sector in Saudi Arabia with total market revenue of USD 25 billion and is anticipated to reach at USD 31 billion by 2025.

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Key Developments:

• • In 2021, Polywed Construction chemicals announced its new showroom opening in Jeddah, in Azziyah Dist, Baladiyah Street. Polywed Construction Chemicals manufactures high-performance building materials and advanced chemical solutions, including grouts, waterproofing chemicals, bonding agents, plasters, epoxy paints, repair products, and chemical solutions.

Segments covered in the Report:

The Saudi Arabia construction chemical market has been segmented on the basis of product type, and end-users. Based on product type, the market is segmented into concrete admixtures, asphalt modifiers, adhesives & sealants, and others. Based on end-users, the market is segmented into residential, industrial, and Commercial.

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Key questions answered in this research report:

• • At what pace is Saudi Arabia Construction Chemical market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Saudi Arabia Construction Chemical market? What will be the impact of drivers and restraints in the future?
  • Which Product Type generated maximum revenues in 2020 and identify the most promising Product Type during the forecast period?
  • What are the various end-users of Saudi Arabia Construction Chemical market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Saudi Arabia Construction Chemical Market by Product Type

• • Concrete admixtures
  • Asphalt modifiers
  • Adhesives & Sealants
  • Others

Saudi Arabia Construction Chemical Market by End-Users

• • Residential
  • Industrial
  • Commercial