MENA Construction Chemicals Market Share, Emerging Trends, cross at a growth rate of 5.33%, Opportunity and Future Outlook 2022-2032: SPER Market Research
Specialized substances known as construction chemicals are employed to improve the durability and performance of various building materials and structures. These chemicals are commonly used in large-scale construction projects such as bridges, highways, buildings, and dams, and are available in various forms including liquid, powder, paste, or gel, depending on their intended use. Their functions can range from enhancing the strength and stability of concrete, to preventing corrosion in steel and preventing water infiltration. There are multiple types of construction chemicals, each with its own unique properties and purposes. Waterproofing chemicals, for instance, are utilized to prevent water from penetrating buildings, whereas sealants are used to fill in gaps and cracks in structures. Adhesives and bonding agents are used to unite different materials, while curing agents hasten the hardening process of concrete.
According to SPER market research, ‘Middle East and Africa Construction Chemicals Market Size- By Product, By Application – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Middle East and Africa (MEA) Construction Chemicals Market is predicted to reach USD 7.06 billion by 2033 with a CAGR of 5.33%.
The Middle East and Africa (MEA) construction chemicals sector is expanding rapidly and for several reasons. Firstly, the demand for construction activities is on the rise in the region due to urbanization and population growth, resulting in increased infrastructure development. Secondly, there is a growing emphasis on sustainability and environmental protection, leading to a higher demand for eco-friendly construction chemicals. Thirdly, the development of new and innovative construction chemicals, as well as advancements in technology, are contributing to industry growth. Finally, government and private sector investments in infrastructure development are supporting economic growth and driving the industry’s expansion.
Despite its rapid growth, the construction chemicals industry in the Middle East and Africa faces several challenges. One of the primary obstacles is the high cost of construction chemicals, making them unaffordable for many builders and developers. This may limit the adoption of new and improved products that offer better performance and sustainability.
Lastly, the industry also grapples with a shortage of skilled labor and technical expertise, which can impact the acceptance and utilization of new and innovative products, as well as the proper application and use of construction chemicals.
Impact of COVID-19 on Middle East and Africa Construction Chemicals Market:
The COVID-19 pandemic has had a significant negative impact on the Middle East and Africa (MEA) construction chemicals industry. The global supply chain disruptions caused shortages of raw materials and delayed the delivery of finished products, resulting in project delays and increased costs. The implementation of lockdown measures led to a decrease in construction activities, which consequently reduced the demand for construction chemicals. The pandemic also created a demand for chemicals that disinfect and improve indoor air quality, reflecting a shift towards health and safety measures. Finally, the pandemic has emphasized the need for more sustainable construction practices, which is expected to increase the use of eco-friendly construction chemicals in the future.
Furthermore, Saudi Arabia, the United Arab Emirates, and Qatar are the major players in this market, owing to their robust economies, favourable government policies, and strategic location. However, the recent decline in oil prices has resulted in a slowdown of construction activities in some of these countries, which has impacted the demand for construction chemicals. In addition, some of the market key players are Ashland Global Holdings Inc, BASF SE, MAPEI S.p.A, Sika AG, Compagnie de Saint-Gobain S.A., Others.
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MENA Construction Chemicals Market Demand
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SPER Market Research