Saudi Arabia Construction Chemicals Market Overview, 2028

Saudi Arabia Construction Chemicals Market Overview, 2028

Saudi Arabia's construction chemicals sector is expanding rapidly. The quick rise of the industry is mostly attributable to the rapid expansion of the country's construction sector. In addition, rising residential demand and increased awareness of the benefits of construction chemicals, such as greater stability, resilience, and corrosion inhibition, are likely to drive market growth in the future. Furthermore, forthcoming infrastructure megaprojects across the economy, with a special emphasis on renewable energy development projects, are propelling market expansion. Furthermore, Saudi Arabia's developing economy and vast oil reserves contribute to increased governmental investment in commercial city construction and related infrastructure, offering significant growth potential for the country's building chemical producers. Rising urbanization, developing smart cities, buildings, and other urban development projects, as well as expanding construction industries, drive the Saudi Arabia construction chemicals market. The increased awareness of the benefits of employing construction chemicals, which essentially improve construction features such as compressive durability, strength, and resistance to hazardous working circumstances, is likely to boost the construction chemicals market's growth. Saudi Arabia is a prominent global player in the oil and petrochemical industries. For corrosion protection, fire resistance, and chemical resistance, the construction of oil refineries, petrochemical plants, and industrial structures necessitates a diverse range of construction chemicals. Saudi Arabia is home to some of the world's most prominent Islamic architectural structures, including Mecca's Masjid al-Haram and Medina's Prophet's Mosque. These religious sites necessitate the use of high-quality construction chemicals for preservation, restoration, and aesthetic additions.

According to the research report ""Saudi Arabia Construction Chemicals Market Overview, 2028,"" published by Bonafide Research, the Saudi Arabia Construction Chemicals market was valued more than USD 1 Billion in 2022. The wide coastline of Saudi Arabia along the Red Sea and Arabian Gulf exposes many buildings to saltwater and marine environments. Construction chemicals, such as corrosion inhibitors and anti-salt coatings, are essential for preventing saltwater corrosion of concrete and steel structures. During the yearly Hajj and Umrah pilgrimages, Saudi Arabia welcomes millions of Muslim travelers. The infrastructure required to house and convey these pilgrims necessitates the use of strong construction chemicals for quick construction, safety, and long-term durability. Saudi Arabia's Vision 2030 is a comprehensive plan to diversify the economy and reduce the country's reliance on oil. It covers large-scale construction projects like the creation of new cities, tourist destinations, and entertainment complexes. In order to achieve quality and sustainability norms, these projects require modern construction chemicals. In spite of its dry climate, the Kingdom of Saudi Arabia extensively relies on desalination for the generation of freshwater. Desalination plants require specialized construction chemicals for corrosion protection and durability during construction and maintenance. Traditional building methods and supplies have been modified for the difficult environment of Saudi Arabia's desert regions. Construction chemicals help traditional building materials like mud bricks and adobe operate better by improving their ability to endure high temperatures and act as insulation. As part of its efforts to diversify its economy, Saudi Arabia has been funding large-scale initiatives including NEOM, Qiddiya, and the Red Sea Project. Modern construction chemicals are required for these projects in order to use new and environmentally friendly construction techniques.

Based on product type market includes concrete admixture, waterproofing chemicals, repair and rehabilitation, adhesives and sealants, industrial flooring, surface treatment, cement grinding aids, protective coatings and grout and anchor. Waterproofing chemicals is expected to register highest growth rate in Saudi Arabia construction chemicals market. There is a rising need for waterproofing solutions in a variety of construction projects, including residential buildings, business complexes, and infrastructure like bridges and tunnels, as Saudi Arabia continues to urbanize and invest in infrastructure. Saudi Arabia is a member of the Gulf Cooperation Council, and the GCC nations frequently unify their building requirements. In order to lessen the effects of severe weather, these regulations stress the use of waterproofing agents. The demand for waterproofing chemicals in building foundations, basements, roofs, and facades to guard against water damage and dampness has increased as the real estate industry, which includes commercial and residential structures, has expanded. It becomes necessary to maintain and renovate older buildings. During rehabilitation projects, waterproofing chemicals are frequently used to solve existing water damage and prevent future issues.

Based on end-user industry market is majorly divided into commercial, residential, industrial and infrastructure. The infrastructure industry is predicted to grow at significant pace in Saudi Arabia construction chemicals market during the forecast period. NEOM, Qiddiya, the Red Sea Project, and the Riyadh Metro are just a few of the Saudi Arabian megaprojects that are vital to the country's development. These large-scale construction projects, which include roads, bridges, utilities, and public facilities, depend on construction chemicals for their quality and durability. As part of its Vision 2030 strategy, which intends to diversify the economy away from dependency on oil, the Saudi Arabian government has committed significant resources to the construction of infrastructure. Transportation, utility and social infrastructure projects all fall under this category. Saudi Arabia is spending a lot of money building roads, bridges, airports, and public transportation systems. A variety of construction chemicals are required for concrete reinforcing, corrosion prevention and other purposes during the development of major transportation networks and safety enhancements. Saudi Arabia is actively promoting tourism and entertainment sectors. The development of tourist destinations, theme parks, and entertainment complexes involves extensive infrastructure construction, creating a substantial demand for construction chemicals.

Considered in this report:
• Geography: Saudi Arabia
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• Saudi Arabia Construction Chemicals market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product Type:
• Concrete Admixture
• Waterproofing Chemicals
• Repair and Rehabilitation
• Adhesives and Sealants
• Industrial Flooring
• Surface Treatment
• Cement Grinding Aids
• Protective Coatings
• Grout and Anchor

By End-User Industry:
• Commercial
• Residential
• Industrial
• Infrastructure

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Construction Chemicals industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.