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Saudi Arabia Construction Chemicals Market by Product Type (Concrete Admixtures, Waterproofing & Roofing Chemicals, Protective Coatings, Adhesives & Sealants, Industrial Flooring, Asphalt Additives, Repair & Rehabilitation, and Others) and Application (Residential, Industrial & Commercial, and Infrastructure): Opportunity Analysis and Industry Forecast 2020–2027

A09390
Pages: 148
Jan 2021 | 794 Views
 
Author(s) : Snehal Mohite, Rutuja Danekar , Eswara Prasad
Tables: 48
Charts: 48
 

COVID-19

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The Saudi Arabia construction chemicals market  size was valued at $741.1 million in 2019, and is projected to reach $1,091.8 million by 2027, growing at a CAGR of 6.9% from 2020 to 2027.

The COVID-19 outbreak has affected the growth of the Saudi Arabia construction chemicals market due to the lockdown in country and delay in the construction of residential, commercial, and industrial sectors.

Building chemicals are formulated chemicals that are used to improve strength, solidification efficiency, and to protect concrete structures from atmospheric degradation. These chemicals are used either in maintenance operations or for new building projects for the speeding-up of work. There are various forms of building chemicals, such as concrete admixtures, surface treatment, and waterproofing, available in the market. In applications such as cross-linking or phase shift, these materials impart chemical as well as physical properties (from liquid to solid). While the costs associated with the use of building chemicals vary from 2-5 % of construction projects, construction chemicals are still used to achieve high concrete quality and reliability. Moreover, in building projects, these chemicals are used as they offer improved durability and provide additional protection from environmental hazards. Construction chemicals are a critical component of the construction industry with growing R&D to build high-quality infrastructure.

Saudi-Arabia-Construction-Chemicals-Market-2020-2027

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The rapid growth in the infrastructure sector, along with the requirements for repair of older buildings in countries, has led to an increase in the use of advanced technologies in construction activities, which is a major factor in supporting the growth of the chemical market for construction in Saudi Arabia. Additionally, government initiatives to increase diversified investment patterns across sectors such as infrastructure, retail, industrialization, and others to reduce reliance on the oil sector also serve as a major growth driver for the chemical construction market in Saudi Arabia. In addition, there are many pipeline projects such as airports, metro networks, ports, highways, bridges, hotels, and others that also lead to creating high demand for Saudi Arabia's constriction chemicals during the forecast period. However, because of the reaction between chemicals and environmental gases that are harmful to living beings, problems associated with adverse effects on the environment serve as the key restraining factor for the growth of the chemical market for construction in Saudi Arabia.

The Saudi Arabia construction chemicals market is segmented on the basis of product type and application. Depending on product type, the market is categorized into concrete admixtures, waterproofing & roofing chemicals, protective coatings, adhesives & sealants, industrial flooring, asphalt additives, repair & rehabilitation, and others. On the basis of application, it is divided into residential, industrial & commercial, and infrastructure. 

The major key players operating in the Saudi Arabia Construction Chemicals Market include Arkema S.A., Ashland Inc., BASF SE, Construction Material Chemical Industries, Don Construction Products Ltd., Fosroc International Ltd., Meister Co., Polywed Construction Chemicals, SAAK Construction Chemicals, SABIC, Sika Ag, and The Dow Chemical Company.

Saudi Arabia Construction Chemicals Market, By Product Type

By product type, the concrete admixtures segment accounted for majority of the construction chemicals market share in 2019 and is anticipated to continue its dominance throughout the forecast period. In the coming years, growing awareness of the advantages of building chemicals, such as improvised stability, resilience, and corrosion inhibition, along with increasing demand from the residential sector, fuel the market growth.

Saudi Arabia Construction Chemicals Market
By Product Type

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Concrete Admixture is projected as the most lucrative segment.

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Saudi Arabia Construction Chemicals Market, By Application

By application, the residential of construction chemicals segment held the largest Saudi Arabia Construction Chemicals Market share in the year 2019. The demand for construction chemicals is booming in the real estate sector of Saudi Arabia on account of development of individual housing units and commercial complexes.

Saudi Arabia Construction Chemicals Market
By Application

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Residential is projected as the most lucrative segment.

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Key Benefits For Stakeholders

  • The report provides an in-depth analysis of the Saudi Arabia construction chemicals market forecast along with the current and future market trends.
  • This report highlights the key drivers, opportunities, and restraints of the market along with the impact analyses during the forecast period.
  • Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the Saudi Arabia construction chemicals industry for strategy building.
  • A comprehensive Saudi Arabia construction chemicals market analysis covers factors that drive and restrain Saudi Arabia Construction Chemicals Market growth.
  • The qualitative data in this report aims on market dynamics, trends, and developments.

Impact Of Covid-19 On The Saudi Arabia Construction Chemicals Market

  • The outbreak of COVID-19 has negatively impacted various industries and countries. Owing to the lockdown imposed, decrease in the growth rate of the industries such as construction & building, transportation, oil & gas, and energy sectors has been witnessed. 
  • This has further declined the need for construction chemicals, which, in turn, is expected to hamper the growth of the Saudi Arabia construction chemicals market in the next one year. 
  • The demand supply gap, disruptions in raw material procurement, and price volatility are expected to hamper the growth of the building & construction industry during the COVID-19 pandemic.
  • As the lockdown prevails in most of the virus spreading countries, due to its inability to supply, the supply of domestic building materials availability has increased at the end of the suppliers. At the same time, there were also problems with the import of raw materials that had a major effect on the overall price of building materials. This has result in the unpredictable mix of price fluctuations.

Key Market Segments

By Product Type

  • Concrete Admixtures
  • Waterproofing and Roofing Chemicals
  • Protective Coatings
  • Adhesives and Sealants
  • Industrial Flooring
  • Asphalt Additives
  • Repair and Rehabilitation
  • Others

By Application

  • Residential
  • Industrial and Commercial
  • Infrastructure
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings
2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key forces shaping the market
3.3.Top investment pockets
3.4.Market dynamics

3.4.1.Drivers

3.4.1.1.Growth in demand for green buildings
3.4.1.2.Rise in demand in the infrastructure and construction industry

3.4.2.Restraints

3.4.2.1.Lack of awareness about concrete surface retarders

3.4.3.Opportunity

3.4.3.1.Increase in construction activities

3.5.Pricing analysis

3.5.1.Pricing analysis, by product type

3.5.1.1.Concrete admixture pricing analysis, by variants

3.5.2.Pricing analysis, by suppliers

3.6.Value chain analysis
3.7.Criss-cross analysis of construction chemicals product type vs application
3.8.Impact of government rules and regulations
3.9.Impact of COVID-19 outbreak on the market

3.10.Market profitability

3.10.1.Adopt a “solutions-oriented” approach
3.10.2.Collaboratively develop “sustainable” solutions
3.10.3.Enhance existing product portfolio through innovation and restructuring

3.11.Trade outlook of construction chemicals

3.11.1.Import Analysis of Concrete Admixtures, 2015-2019
3.11.2.Export Analysis of Concrete Admixtures, 2015-2019

CHAPTER 4:SAUDI ARABIA CONSTRUCTION CHEMICALS MARKET, BY PRODUCT TYPE

4.1.Overview

4.1.1.Market size and forecast

4.2.Concrete admixtures

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, 2019-2027 ($Million)

4.3.Waterproofing and roofing chemicals

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, 2019-2027 ($Million)

4.4.Protective coatings

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, 2019-2027 ($Million)

4.5.Adhesives and sealants

4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast, 2019-2027 ($Million)

4.6.Industrial flooring

4.6.1.Key market trends, growth factors, and opportunities
4.6.2.Market size and forecast, 2019-2027 ($Million)

4.7.Asphalt additives

4.7.1.Key market trends, growth factors, and opportunities
4.7.2.Market size and forecast, 2019-2027 ($Million)

4.8.Repair and rehabilitation

4.8.1.Key market trends, growth factors, and opportunities
4.8.2.Market size and forecast, 2019-2027 ($Million)

4.9.Others

4.9.1.Key market trends, growth factors, and opportunities
4.9.2.Market size and forecast, 2019-2027 ($Million)

CHAPTER 5:SAUDI ARABIA CONSTRUCTION CHEMICALS MARKET, BY APPLICATION

5.1.Overview

5.1.1.Market size and forecast

5.2.Residential

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, 2019-2027 ($Million)

5.3.Industrial & commercial

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, 2019-2027 ($Million)

5.4.Infrastructure

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, 2019-2027 ($Million)

CHAPTER 6:COMPETITIVE LANDSCAPE

6.1.Introduction

6.1.1.MARKET PLAYER POSITIONING, 2019

6.2.Top winning strategies

6.2.1.Top winning strategies, by year
6.2.2.Top winning strategies, by development
6.2.3.Top winning strategies, by company

6.3.Product mapping of top 10 player
6.4.Competitive heatmap
6.5.Key developments

6.5.1.Acquisition
6.5.2.Expansions
6.5.3.Joint venture
6.5.4.Product launch
6.5.5.Partnership

CHAPTER 7:COMPANY PROFILES

7.1.ARKEMA S.A.

7.1.1.Company overview
7.1.2.Company snapshot
7.1.3.Operating business segments
7.1.4.Product portfolio
7.1.5.Business performance
7.1.6.Key strategic moves and developments

7.2.ASHLAND LLC

7.2.1.Company overview
7.2.2.Company snapshot
7.2.3.Operating business segments
7.2.4.Product portfolio
7.2.5.Business performance

7.3.BASF SE

7.3.1.Company overview
7.3.2.Company snapshot
7.3.3.Operating business segments
7.3.4.Product portfolio
7.3.5.Business performance
7.3.6.Key strategic moves and developments

7.4.CONSTRUCTION MATERIAL CHEMICAL INDUSTRIES

7.4.1.Company overview
7.4.2.Company snapshot
7.4.3.Product portfolio

7.5.DON CONSTRUCTION PRODUCTS LTD.

7.5.1.Company overview
7.5.2.Company snapshot
7.5.3.Product portfolio
7.5.4.Key strategic moves and developments

7.6.FOSROC INTERNATIONAL LTD

7.6.1.Company overview
7.6.2.Company snapshot
7.6.3.Product portfolio

7.6.4.Key strategic moves and developments

7.7.MEISTER CO.

7.7.1.Company overview
7.7.2.Company snapshot
7.7.3.Product portfolio

7.8.POLYWED CONSTRUCTION CHEMICALS

7.8.1.Company overview
7.8.2.Company snapshot
7.8.3.Product portfolio

7.9.SAAK CONSTRUCTION CHEMICALS

7.9.1.Company overview
7.9.2.Company snapshot
7.9.3.Product portfolio

7.10.SABIC

7.10.1.Company overview
7.10.2.Company snapshot
7.10.3.Operating business segments
7.10.4.Product portfolio
7.10.5.Business performance

7.11.SIKA AG

7.11.1.Company overview
7.11.2.Company snapshot
7.11.3.Product portfolio
7.11.4.Key strategic moves and developments

7.12.THE DOW CHEMICAL COMPANY

7.12.1.Company overview
7.12.2.Company snapshot
7.12.3.Operating business segments
7.12.4.Product portfolio
7.12.5.Business performance

LIST OF TABLES

TABLE 01.SAUDI ARABIA CONSTRUCTION CHEMICALS MARKET, BY PRODUCT TYPE, 2019–2027 (TONS)
TABLE 02.SAUDI ARABIA CONSTRUCTION CHEMICALS MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 03.SAUDI ARABIA CONSTRUCTION CHEMICALS MARKET, BY APPLICATION, 2019–2027 (TONS)
TABLE 04.SAUDI ARABIA CONSTRUCTION CHEMICALS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 05.KEY ACQUISITION (2018-2020)
TABLE 06.KEY EXPANSIONS (2018-2020)
TABLE 07.KEY JOINT VENTURE (2018-2020)
TABLE 08.KEY PRODUCT LAUNCH (2018-2020)
TABLE 09.KEY PARTNERSHIP (2018-2020)
TABLE 10.ARKEMA S.A.: COMPANY SNAPSHOT
TABLE 11.ARKEMA S.A.: OPERATING SEGMENTS
TABLE 12.ARKEMA S.A: PRODUCT PORTFOLIO
TABLE 13.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 14.ARKEMA S.A.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 15.ASHLAND: COMPANY SNAPSHOT
TABLE 16.ASHLAND: OPERATING SEGMENTS
TABLE 17.ASHLAND: PRODUCT PORTFOLIO
TABLE 18.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 19.BASF SE: COMPANY SNAPSHOT
TABLE 20.BASF SE: OPERATING SEGMENTS
TABLE 21.BASF SE: PRODUCT PORTFOLIO
TABLE 22.OVERALL FINANCIAL STATUS ($BILLION)
TABLE 23.BASF SE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 24.CMCI: COMPANY SNAPSHOT
TABLE 25.CMCI: PRODUCT PORTFOLIO
TABLE 26.DCP: COMPANY SNAPSHOT
TABLE 27.DCP: PRODUCT PORTFOLIO
TABLE 28.DCP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 29.FOSROC: COMPANY SNAPSHOT
TABLE 30.FOSROC: PRODUCT PORTFOLIO
TABLE 31.FOSROC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 32.MEISTER CO.: COMPANY SNAPSHOT
TABLE 33.MEISTER CO.: PRODUCT PORTFOLIO
TABLE 34.POLYWED: COMPANY SNAPSHOT
TABLE 35.POLYWED: PRODUCT PORTFOLIO
TABLE 36.SAAK: COMPANY SNAPSHOT
TABLE 37.SAAK: PRODUCT PORTFOLIO
TABLE 38.SABIC: COMPANY SNAPSHOT
TABLE 39.SABIC: OPERATING SEGMENTS
TABLE 40.SABIC: PRODUCT PORTFOLIO
TABLE 41.SABIC: OVERALL FINANCIAL STATUS ($MILLION)
TABLE 42.SIKA AG: COMPANY SNAPSHOT
TABLE 43.SIKA AG: PRODUCT PORTFOLIO
TABLE 44.SIKA AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 45.DOW: COMPANY SNAPSHOT
TABLE 46.DOW: OPERATING SEGMENTS
TABLE 47.DOW: PRODUCT PORTFOLIO
TABLE 48.OVERALL FINANCIAL STATUS ($MILLION)

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 03.MODERATE THREAT OF NEW ENTRANTS
FIGURE 04.MODERATE THREAT OF SUBSTITUTES
FIGURE 05.HIGH INTENSITY OF COMPETITIVE RIVALRY
FIGURE 06.MODERATE BARGAINING POWER OF BUYERS
FIGURE 07.TOP INVESTMENT POCKETS
FIGURE 08.SAUDI ARABIA CONSTRUCTION CHEMICALS MARKET DYNAMICS
FIGURE 09.PRICING ANALYSIS: SAUDI ARABIA CONSTRUCTION CHEMICALS MARKET
FIGURE 10.PRICING ANALYSIS: SAUDI ARABIA CONCRETE ADMIXTURE PRICING ANALYSIS, BY VARIANTS
FIGURE 11.PRICING ANALYSIS: SAUDI ARABIA CONSTRUCTION CHEMICALS MARKET, BY SUPPLIER (USD)
FIGURE 12.VALUE CHAIN ANALYSIS
FIGURE 13.CRISS-CROSS ANALYSIS
FIGURE 14.SAUDI ARABIA CONSTRUCTION CHEMICALS PROBITABILITY RATION
FIGURE 15.SAUDI ARABIA CONSTRUCTION CHEMICALS MARKET, BY PRODUCT TYPE, 2019–2027
FIGURE 16.SAUDI ARABIA CONSTRUCTION CHEMICALS MARKET FOR CONCRETE ADMIXTURES, 2019-2027 ($MILLION)
FIGURE 17.SAUDI ARABIA CONSTRUCTION CHEMICALS MARKET FOR WATERPROOFING AND ROOFING CHEMICALS,  2019-2027 ($MILLION)
FIGURE 18.SAUDI ARABIA CONSTRUCTION CHEMICALS MARKET FOR PROTECTIVE COATINGS, 2019-2027 ($MILLION)
FIGURE 19.SAUDI ARABIA CONSTRUCTION CHEMICALS MARKET FOR ADHESIVES AND SEALANTS, 2019-2027 ($MILLION)
FIGURE 20.SAUDI ARABIA CONSTRUCTION CHEMICALS MARKET FOR INDUSTRIAL FLOORING, 2019-2027 ($MILLION)
FIGURE 21.SAUDI ARABIA CONSTRUCTION CHEMICALS MARKET FOR ASPHALT ADDITIVES, 2019-2027 ($MILLION)
FIGURE 22.SAUDI ARABIA CONSTRUCTION CHEMICALS MARKET FOR REPAIR AND REHABILITATION, 2019-2027 ($MILLION)
FIGURE 23.SAUDI ARABIA CONSTRUCTION CHEMICALS MARKET FOR OTHERS, 2019-2027 ($MILLION)
FIGURE 24.SAUDI ARABIA CONSTRUCTION CHEMICALS MARKET, BY APPLICATION, 2019–2027
FIGURE 25.SAUDI ARABIA CONSTRUCTION CHEMICALS MARKET FOR RESIDENTIAL, 2019-2027 ($MILLION)
FIGURE 26.SAUDI ARABIA CONSTRUCTION CHEMICALS MARKET FOR INDUSTRIAL AND COMMERCIAL, 2019-2027 ($MILLION)
FIGURE 27.SAUDI ARABIA CONSTRUCTION CHEMICALS MARKET FOR INFRASTRUCTURE, 2019-2027 ($MILLION)
FIGURE 28.MARKET PLAYER POSITIONING, 2019
FIGURE 29.TOP WINNING STRATEGIES, BY YEAR, 2018–2020
FIGURE 30.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2018–2020 (%)
FIGURE 31.TOP WINNING STRATEGIES, BY COMPANY, 2018–2020
FIGURE 32.PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 33.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 34.ARKEMA S.A.: NET SALES, 2017–2019 ($MILLION)
FIGURE 35.ARKEMA S.A.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 36.ARKEMA S.A.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 37.ASHLAND: REVENUE, 2017–2019 ($MILLION)
FIGURE 38.ASHLAND: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 39.ASHLAND: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 40.BASF SE: REVENUE, 2017–2019 ($BILLION)
FIGURE 41.BASF SE: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 42.BASF SE: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 43.SABIC: REVENUE, 2017–2019 ($MILLION)
FIGURE 44.SABIC: REVENUE SHARE, BY SEGMENT, 2019 (%)
FIGURE 45.SABIC: REVENUE SHARE, BY REGION, 2019 (%)
FIGURE 46.DOW: REVENUE, 2017–2019 ($MILLION)
FIGURE 47.DOW: REVENUE SHARE, BY SEGMENT, 2019 (%)
FIGURE 48.DOW: REVENUE SHARE, BY REGION, 2019 (%)

 
 

According to the CXOs of the leading companies, growth in the demand for construction chemicals in Saudi Arabia is expected to be driven by growing urbanization and industrialization in major developing countries, the introduction of stringent government policies and increased investment in the construction sector. Additionally, one of Saudi Arabia's main strategies for fueling economic growth is investment in large-scale infrastructure projects. 

In order to maintain growth in the manufacturing sector and expand municipal services, the government's efforts to develop the country's infrastructure would lead to growth in construction spending. Rise in levels of personal income, household growth, and population migration from rural to urban areas would increase the country's need for better construction facilities and the development of road infrastructure. For examples, the Kingdom of Saudi Arabia has signed a deal with South Korean and Chinese companies under a USD100 billion project to construct 1.5 million affordable housing units over the coming years. 

Additionally, the government is concentrating extensively on the development of public-private-partnership deals as part of the Saudi Arabia Vision 2030 program. As a result, the country aims to privatize all airports by 2020 and has announced PPP (Public Private Partnerships) in Yanbu, Taif, Qassim, and Hail for airport ventures. In addition, it is anticipated that increased awareness of high-value products, such as concrete mixing, would play a key role in market development. However, as per the CXOs, lack of awareness regarding long-term benefits of construction chemical projects is anticipated to limit the overall market growth.
 

 
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FREQUENTLY ASKED QUESTIONS?
Our Report Looks Like This
 

A. Construction chemicals have been used in various applications including residential, industrial & commercial, infrastructure and others are expected to drive the growth of the Saudi Arabia construction chemicals market.

A. The Saudi Arabia construction chemicals market anticipated to grow at CAGR of 6.9% during the forecast period.

A. Some of the key trend observed in the Saudi Arabia construction chemicals market is increasing residential and infrastructure application to dominate the market.

A. Sika Ag, Don Construction Products Ltd., Fosroc International Ltd., Construction Material Chemical Industries, Meister Co., Polywed Construction Chemicals, and The Dow Chemical Company are the leading players in Saudi Arabia construction chemicals market.

A. New product launches, business expansions, and acquisition are the major growth strategies adopted by the players in this market.

A. The market players are adopting various growth strategies and also investing in R&D extensively to develop unique products which are expected to drive the market size.

A. Residential sector is the largest segment in the Saudi Arabia construction chemicals market.

A. Major customer of the construction chemicals are from residential, industrial & commercial, and infrastructure are the key potential consumers in the Saudi Arabia construction chemicals market.

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