Market Size of Middle East Construction Chemicals Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 4.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Middle East Construction Chemicals Market Analysis
The construction chemicals market in the Middle East is expected to register a CAGR of over 4.5% during the forecast period.
The COVID-19 virus outbreak slowed construction activity, resulting in a drop in demand for construction chemicals. Supply chain disruptions and labor shortages have exacerbated the situation. Furthermore, the drop in oil prices had a negative impact on the market as it reduced government spending on infrastructure projects. However, in 2021, the market recovered as governments invested heavily in infrastructure projects to stimulate economic growth.
- Over the short term, government spending on infrastructure is propelling market growth during the forecast period.
- However, government regulations on chemicals and the push for sustainable, bio-based products are likely to hinder market growth.
- Nevertheless, opportunities for the market over the forecast period will come from the future market for green building materials. The Middle-East construction chemicals market should benefit from the growing demand for building materials that use less energy and are good for the environment.
- During the next few years, Saudi Arabia is expected to have the most money in the Middle East construction chemicals market.
