The report entitled “Middle East and Africa Construction Chemicals Market Analysis and Forecast, 2019-2028” examines the market in the region based on the type, end use, and region. An extensive report on the construction chemicals market provides the most complete historical and projected market size along with an extensive market analysis. Market share analysis of the production capabilities of most prominent companies, a summary of the competition, key strategic imperatives, the key users and growth potential area, market strategy, supply-demand analysis, and competitive analysis of the players that are targeted by this MEA Construction Chemicals market study.
Market overview and Dynamics: Investment by the government like NTP is the main factor driving the MEA market for construction chemicals.
Construction chemicals accounted for 0.8 million tons in 2020 and are expected to reach 1.2 million tons by 2028 in the GCC. The market is mainly driven by megaprojects such as NEOM, growing investments in the tourism sector, and the rising adoption of public-private partnership (PPP) models. Moreover, the consumption of paints and coating is estimated at 3.5 million tons, is estimated to grow at over 3.4% between 2021 and 2028.
Investments by the government, like the National Transformation Program (NTP) and Saudi Arabia Vision 2030, in conjunction with the growing disposable income have created a demand for better infrastructure quality in the region, which is an economic driver in market participants in the Middle East & Africa construction market for chemicals.
Additionally, the growth of new construction and repair and rehabilitation sectors in emerging economies is predicted to boost the growth of the market in construction-related chemicals. However, delays in projects because of high initial costs for investment, lengthy contracts awarding procedures and the depreciation of foreign currency due to the effects of the economic downturn, and declining FDI inflows are just a few of the issues expected for the region to face by the market in the region in the coming years.
Competition Analysis: Regional Players Dominate the Domestic Markets
The Middle East & Africa construction chemicals market is fragmented in nature with the presence of many players in the MEA market. Some of the strategies adopted by these players in order to reinforce their market share and gain a competitive edge include mergers and acquisitions, partnerships, and collaborations. Some of the key developments in the MEA construction chemicals market include,
Some of the prominent players operating in the Middle East & Africa 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.
RationalStat has segmented the MEA Construction Chemicals market on the basis of type, payload, end user, application, sales channel, and region
For more information about this report – https://store.rationalstat.com/store/mea-construction-chemical-market/
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