Quick Overview of the GCC Concrete Admixture Market Analysis
The GCC Concrete Admixture Market Analysis, research report provides an in-depth market study with qualitative and quantitative research of the continuing industry trends, opportunities, growth areas, drivers, and challenges, which would enable stakeholders to align their market strategies according to the present & future market dynamics.
Detailed Analysis of GCC Concrete Admixture Industry (2022-27): Reveals Further Growth &Market Expansion
According to the most recent study, the GCC Concrete Admixture market is expected to grow at a CAGR of around 4% during the forecast period, 2022-27, The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, regional landscape, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2022-27.
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Possible Restraint:
Slow Recovery of Construction Industry Due to COVID-19 - The downfall experienced by GCC’s construction sector as a result of the COVID-19 pandemic has impacted the growth of concrete admixtures. The rippling effects of COVID-19 have been critical on the construction sector of countries, such as Oman, Bahrain, and Kuwait due to which the scope of concrete admixtures has been contracted notably. Moreover, the decline in the foreign direct investments (FDI) in these countries has impeded the establishment of new greenfield projects which could have been an opportunity area for concrete admixtures.
According to the Royal Institution of Chartered Surveyors (RICS), in 2020, about 34% of Oman's construction projects were on hold and approximately 4% of them were permanently canceled.
GCC Concrete Admixture Market Segmentation Analysis
-By Admixture Type
· Water Reducer (plasticizers, mid-range plasticizers and superplasticizers)
· Accelerator (triethanolamine, calcium formate, silica fume, etc.)
· Retarder (calcium sulphate or gypsum. Starch, cellulose products, etc.)
· Air Entraining (vinsol resin, darex, Teepol, Cheecol, etc.)
· Alkali Aggregate Expansion Inhibitors (aluminum powder and lithium salts)
· Corrosion Admixture (sodium benzoate, sodium nitrate, sodium nitrite etc.)
· Others (Pozzolanic, Damp-proofing, Gas Forming, Air detainer, etc.)
-By End User
· Residential
· Corporate Buildings
· Healthcare
· Oil and Gas
· Hospitality
· Public Utility (Dams, Bridges, Airports, Roads, etc.)
· Manufacturing
· Others (Power Plants, Education Institutes, etc.)
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Geographical Analysis:
-By Country
· UAE
· Saudi Arabia
· Oman
· Qatar
· Kuwait
· Bahrain
Geographically, Saudi Arabia is one of the major countries in the GCC region, contributing to the growth of the concrete admixture market. The factors responsible for the market growth are the rising cost competitiveness, advancements in building infrastructure, power projects, and surging government investments in the construction sector. Moreover, under the Saudi Vision 2030 & National Transformation Plan, the government aimed to increase the real estate sector contributing GDP by 5% to 10% by establishing a partnership with private sector developers to use government land for housing projects in Saudi Arabia. Further, under Saudi Vision 2030, the government has invested a considerable amount in housing projects for the development of new residential buildings, which would further fuel the market growth of concrete admixture. Additionally, the increasing inclination & massive investment towards the development of new construction projects in Saudi Arabia has led to the generation of new demand for the concrete admixture, which, is further projected to escalate during the forecast period.
Key Players and Competitive Strategies in the GCC Concrete Admixture Market
The report provides a study that looks at the requirements for manufacturing and processing, project expenses, finance, and economics, as well as projected profit margins and returns on investment. This also helps in identifying the major market players in the market such as:
· BASF SE
· Sika GCC
· MBCC Group
· Arkema Middle East DMCC (Bostik)
· Chryso Group
· Mapei S.p.A.
· Dow Chemical Company
· Arkaz Alsharq Building Materials
· Don Construction Products Ltd.
· Fosroc Inc
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Key Report Highlights
· Market Dimensions & Projections
· Pricing Evaluation,
· Recent Strategic Moves by Companies,
· Competitive Landscape Assessment,
· Emerging Opportunities,
· Market Trends and Indicators
Key Questions Answered in the Research Report
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What key factors would propel and impede the industry across the globe?
- How has the industry been evolving in terms of geography and product adoption?
- How has the competition been shaping up across various regions?
- How have buying behaviour, customer inclination, and expectations from product manufacturers been evolving during 2022-27?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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