Market Research on Saudi Arabia’s Construction Chemical Industry
                     Market Research on Saudi
Arabia’s Construction Chemical 
IThne dconustrsucttiorny chemical industry in Saudi Arabia is on a robust growth 
trajectory, bolstered by the kingdom's Vision 2030 initiative and significant 
infrastructure investments.
The construction chemicals market size in Saudi Arabia was valued at 
approximately
USD 2.5 billion in 2023, with an anticipated CAGR of 6.5% from 2023 to 2030.
Major projects like NEOM, the Red Sea Project, and Qiddiya are driving this 
growth.
Key Players in Global Construction Chemical Industry
1. BASF: A global leader in construction chemicals, BASF holds a significant 
market share in Saudi Arabia, driven by its extensive product 
portfolio and strong distribution network.
2. Sika AG: Known for its innovative solutions, Sika AG has a substantial 
presence in the  Saudi  market,  contributing  to  the  region's  
construction  efficiency  and sustainability.
3. Fosroc: Fosroc specializes in high-performance chemicals and is a key 
player in the Saudi market, focusing on concrete repairs, 
waterproofing, and protective coatings.
4. Mapei: Mapei offers a wide range of construction chemical products, 
particularly in adhesives and sealants, making it a prominent player 
in the region.
5. Saudi Basic Industries Corporation (SABIC): As a major domestic player, 
SABIC's extensive chemical expertise and strong market presence 
bolster its significant share in the Saudi construction chemical industry.
Revenue Breakdown (2023 Estimates)
● BASF: USD 500 million
● Sika AG: USD 450 million
● Fosroc: USD 300 million
● Mapei: USD 250 million
● SABIC: USD 200 million
Trends and Growth Drivers in Saudi Arabia
Construction Chemical Market
1.  Vision 2030 and Mega Projects: Saudi Arabia's Vision 2030 is a 
cornerstone, driving unprecedented growth in infrastructure projects and 
urban development. This has led to an increased demand for 
construction chemicals to ensure quality and durability.
2. Sustainable Construction Practices: There is a growing trend towards 
sustainable construction. Eco-friendly chemicals that enhance energy 
efficiency and reduce environmental impact are in high demand, 
aligning with global sustainability goals.
3. Technological Advancements: Innovations such as self-healing concrete 
and nanotechnology-based coatings are revolutionizing the market. 
These advanced materials offer superior performance, cost savings, 
and extended lifespans, making them attractive to developers and 
contractors.
4. Urbanization and Population Growth: Rapid urbanization and a growing 
population are driving the need for residential, commercial, and 
industrial construction, further propelling the demand for construction 
chemicals.
Challenges in Construction Chemicals Sector
The market faces challenges, including fluctuating raw material prices, stringent 
regulatory standards, and a need for skilled labor. Overcoming these obstacles 
requires a concerted effort from both the government and private sector, 
emphasizing investment in technology and workforce development.
Future Forecast of Saudi Arabia Construction 
Chemicals Industry
The Saudi Arabian construction chemical industry is expected to continue its 
robust growth trajectory, with the market projected to reach approximately USD 
4 billion by 2030, driven by a CAGR of 6.5%. Key factors include the continuation 
of mega-projects like NEOM and the Red Sea Project, increasing urbanization, 
and the adoption of sustainable construction practices.
Global Construction Chemicals Market
The global construction chemicals market size was valued at USD 41.7 billion in 
2022 and is expected to grow at a CAGR of 5.6% from 2023 to 2030. The 
Middle East, particularly Saudi Arabia, is emerging as a significant player in 
the global construction chemicals industry due to its rapid urbanization and 
infrastructure development.
Conclusion
The construction chemical industry in Saudi Arabia is on a promising path, 
fueled by Vision 2030 and significant infrastructure projects. For a 
comprehensive understanding and in-depth insights into this dynamic market, 
it is advisable to consult detailed reports from reputable market research firms. 
These reports provide extensive data, trends, and forecasts that are crucial for 
stakeholders looking to make informed decisions and capitalize on emerging 
opportunities in this rapidly evolving industry.