Press Release   -

Saudi Arabia Construction Chemicals Market to Reach USD 12880 Million by 2032

According to analysts at Vantage Market Research, the Saudi Arabia Construction Chemicals Market size is worth USD 7600 Million in 2023 and is projected to reach USD 12880 Million by 2032, growing at a CAGR (Compound Annual Growth Rate) of 6.1% from 2024 to 2032. The market is driven by rapid urbanization, large-scale infrastructure projects like NEOM, and the focus on sustainable, durable building practices. Rising demand for concrete admixtures, waterproofing agents, and coatings, alongside ongoing residential and industrial development, further accelerates market growth, supported by the Saudi Vision 2030 initiative.

Market Overview

Saudi Arabia is prioritizing smart and green buildings, aligning with Vision 2030 and various initiatives from the Ministry of Housing. Notable projects include NEOM, a future megacity powered entirely by renewable energy, and King Salman Energy Park (SPARK), the world's first LEED pre-certified industrial area. This focus on sustainability is expected to boost demand for concrete surface retarders. Green buildings incorporate sustainable materials and practices to achieve superior surface finishes & aesthetic appeal, with water-based retarders enhancing architectural beauty and providing slip-resistance to concrete surfaces.

The demand for construction chemicals in Saudi Arabia is set to surge as the country undertakes significant infrastructure expansion, structural reforms, and technological advancements. Major infrastructure megaprojects, particularly in renewable energy, are propelling this growth. The government’s efforts to enhance transport infrastructure, electricity, utility facilities, and affordable housing programs are further stimulating the need for construction chemicals.

Mapei is advancing its international expansion strategy with the acquisition of Bitumat

• Mapei is advancing its international expansion strategy with the acquisition of Bitumat, a prominent manufacturer of waterproofing systems headquartered in Dammam, Saudi Arabia. As a global leader in construction chemicals, Mapei aims to strengthen its presence in the Middle East, where it already operates in the UAE and Qatar. The acquisition of Bitumat from GIC - Gulf Investment Corporation includes its main factory in the 2nd Industrial City of Dammam, which spans over 100,000 square meters, and a manufacturing plant in Bahrain.

Key Takeaways from the Report

• The government aims to transform Saudi Arabia into a global trade center by raising the private sector’s share of GDP from 40% to 65% by 2030 and increasing foreign direct investment from 3.8% to the global average of 5.7% of GDP
• Saudi Arabia is set to finalize agreements with South Korean and Chinese companies for a USD 100 billion project to build 1 million affordable housing units in the coming years

Top Companies

• Sika AG
• BASF SE
• Fosroc International Ltd.
• MAPEI S.p.A.
• GCP Applied Technologies Inc.
• Chryso S.A.S. 

Latest News

Saint-Gobain has signed a definitive agreement to acquire Izomaks Industries LLC

• Saint-Gobain has signed a definitive agreement to acquire Izomaks Industries LLC, a leading manufacturer of waterproofing products in Saudi Arabia. Izomaks, which operates two manufacturing facilities in Riyadh and employs approximately 140 people, is expected to generate revenues of around €60 million in 2023. This acquisition will enhance Saint-Gobain's existing building envelope solutions in Saudi Arabia, where the company has been active since 2007

Report Coverage

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About Vantage Market Research:

We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans across 70% of Global Fortune 500 companies. The company provides high quality data and market research services. The company serves various enterprises and clients in a wide variety of industries. The company offers detailed reports on multiple industries including Chemical Materials and Energy, Food and Beverages, Healthcare Technology, etc. The company’s experienced team of Analysts, Researchers, and Consultants use proprietary data sources and numerous statistical tools and techniques to gather and analyse information.