Market Size of MEA Concrete Admixtures Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Concrete Admixtures Market Analysis
The concrete admixtures market was valued at USD 2,300 million in 2021, and the market is projected to register a CAGR of over 5% during the forecast period.
- Increasing demand for concrete admixture from the residential and industrial construction segments dominated the market, and it is projected to grow during the assessment period. The strong growth in construction activities, mainly in developing countries such as South Africa, Saudi Arabia, and the UAE, will boost the adoption of concrete admixture in the near future.
- On the other hand, a lack of skilled workers is likely to hinder the industry's growth. Lack of skilled labor in the construction industry, particularly in Africa, is a key problem that will likely limit market expansion in the coming years.
- Saudi Arabia dominates the market and is expected to witness the highest CAGR during the forecast period. The Saudi Arabian construction industry contributes nearly 6-7% of the total GDP of the country. The Saudi government is focusing on developing education, healthcare, infrastructure, and industrial sectors for economic diversification.
