At 5.9% CAGR, Middle East & Africa Construction Additives Market is Projected to be Worth US$ 4,862.41 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the Middle East & Africa construction additives market was valued at US$ 3,077.88 million in 2022 and is expected to reach US$ 4,862.41 million by 2030, registering a CAGR of 5.9% from 2022 to 2030. Increasing government investments for infrastructure development and strategic initiatives by key market players are among the critical factors attributed to drive the Middle East & Africa construction additives market growth.

The government-supported infrastructure projects generally include roads, dams, bridges, tunnels, ports, airport pavements, and highways. The growing investments from government organizations lead to a rise in infrastructure construction. In 2022, the Department for Transport of the UK announced the funding of US$ 34.83 million to develop net zero highways. In 2022, the Roads and Transport Authority of the UAE commenced phase 1 of the Sheikh Rashid bin Saeed Corridor Improvement Scheme, building four bridges and a four-lane road. The project aimed to improve traffic safety and flow and eliminate overlapping traffic spots. The Department of Water Resources, River Development, and Ganga Rejuvenation of India launched a scheme with a financial outlay of US$ 322.5 million for the rehabilitation of 223 dams in seven states in India.

Bitumen additives also enhance the performance of asphalt pavements and extend the service life of roads. In 2022, Haskell Lemon Construction Co. was awarded a US$ 9 million contract by the Oklahoma Transportation Commission of the US for resurfacing roads to extend the pavement life and upgrade driving conditions. In 2023, the Colorado Department of Transportation in the US invested US$ 17.6 million in addressing road conditions and repairing 12 stretches of roadways. High -quality asphalt pavements can readily support high traffic volume in urban areas and cities, major transportation corridors. Bitumen additives enhance the strength and resistance of pavements, reducing the need for repair. Therefore, infrastructure development fueled by government initiatives drives the Middle East & Africa construction additives market growth.

On the flip side, fluctuations in raw material prices hampers the growth of Middle East & Africa construction additives market.

Based on type, the Middle East & Africa construction additives market is segmented into cement additives, concrete admixtures, precast concrete, ready-mix concrete, paints and coatings additives, adhesives and sealants additives, plastic additives, bitumen additives, and others. The cement additives segment held 29.7% market share in 2022, amassing US$ 914.70 million. It is projected to garner US$ 1,475.71 million by 2030 to register 6.2% CAGR during 2022-2030.

In terms of application, the Middle East & Africa construction additives market is categorized into residential, commercial, infrastructure, and others. The residential segment held 35.9% share of Middle East & Africa construction additives market in 2022, amassing US$ 1,104.18 million. It is anticipated to garner US$ 1,769.25 million by 2030 to expand at 6.1% CAGR during 2022-2030.

Based on country, the Middle East & Africa construction additives market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East & Africa captured 43.2% share of Middle East & Africa construction additives market in 2022. It was assessed at US$ 1,328.20 million in 2022 and is likely to hit US$ 1,976.05 million by 2030, registering a CAGR of 5.1% during 2022-2030.

Key players operating in the Middle East & Africa construction additives market are W. R. Grace & Co, Chryso SAS, Dow Inc, BASF SE, Heidelberg Materials AG, Cemex SAB de CV, Fosroc International Ltd, Sika AG, Evonik Industries AG, RPM International Inc, Mapei SpA, Holcim Ltd, and Consolis Group SAS, among others.

• In June 2023, For the building segment, Fosroc launched the FOSguard brand. Under its brand, the company offers various products, including Conplast WL Xtra, Renderoc Wallputty, Renderoc Ready Mix Plaster, Conbextra Block Jointing Mortar, Tile Adhesives, and Nitoproof Wall Dampguard.

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