Qatar Construction Chemicals Market to be dominated by growth in research and development through 2028.
Initiatives taken by government to support the
production of construction chemicals are the major drivers for the Qatar
Construction Chemicals Market.
According to TechSci Research report, “Qatar
Construction Chemicals Market – Industry Size, Share, Trends, Competition,
Opportunity and Forecast, 2018-2028”, the Qatar
Construction Chemicals Market is anticipated to register a high CAGR during
the forecast period. This can be ascribed to collaborations and partnerships
among leading companies with a diverse approach to merge the expertise of
individual companies and to strengthen their position in the market.
Research and development serve as catalysts
for driving innovation in the construction chemicals sector. As Qatar envisions
a future of resilient and sustainable infrastructure, R&D plays a critical
role in the development of advanced solutions that effectively address the
unique challenges posed by the country's environment. Innovations in
waterproofing, protective coatings, adhesives, and sealants contribute to the
improved performance, longevity, and adaptability of construction materials in
Qatar's specific conditions. Researchers are dedicated to the development of
eco-friendly formulations, low VOC (volatile organic compounds) products, and
technologies that minimize environmental impact. R&D-driven innovations
play a vital role in reducing carbon footprints, conserving resources, and
fostering a greener construction industry. R&D explores materials like
nanomaterials, smart coatings, and self-healing agents that enhance the
functionality and resilience of structures. These materials improve the
performance of construction chemicals by imparting unique properties such as
self-cleaning, thermal insulation, and improved mechanical strength. The
construction chemicals market in Qatar is undergoing rapid growth, fueled by
the nation's ambitious infrastructure projects, urban development, and
dedication to sustainable building practices. A key driving factor behind this
growth is the proactive stance of the Qatari government, which has instituted a
range of initiatives to bolster the production, research, and implementation of
construction chemicals. The country has announced its target of achieving a 5
GW solar energy capacity by 2035.
Browse over XX market data Figures and spread through 110 Pages and an in-depth TOC on "Qatar Construction Chemicals Market”
Moreover, Qatar's Energy Sustainability
Strategy for 2021 aims to accomplish several objectives, including a methane
intensity of 0.2% by 2025, a carbon reduction intensity of 15% from upstream
sources and 25% from Liquefied Natural Gas (LNG) facilities by 2030, as well as
the addition of 2-4 GW of renewable energy by 2030. Furthermore, infrastructure
investment led by the government is a fundamental element of Qatar's
development plans. The Qatar National Vision 2030 aims to establish a top-tier
infrastructure that facilitates economic diversification and fosters
sustainable growth. Several public infrastructure projects are part of the QNV
2030 plan. These include the Qatar Integrated Rail, a comprehensive urban
metro, high-speed passenger railway, and freight line system with a budget of
USD 40 billion.
Additionally, the New Port Project, a mega port worth USD 7.4
billion, has been designed to enhance food security facilities and warehouses.
The expansion of the Hamad International Airport, allocated a budget of USD
15.5 billion, is also included. Notably, Qatar's 2023 budget encompasses the
implementation of 22 new projects valued at USD 2.6 billion. The budget also
prioritizes the development of new schools, improvements to existing ones, and
enhancements to hospitals and healthcare centers. Collaborations often involve
entities with diverse expertise coming together to achieve a common goal. In
the Qatar Construction Chemicals Market, partnerships between chemical
manufacturers, engineering firms, and contractors allow for the exchange of
knowledge and skills.
Manufacturers can leverage the insights of construction
professionals to refine their product offerings, ensuring they align with
real-world application requirements. As Qatar continues its journey of
urbanization and infrastructure development, strategic collaborations will
continue to play a pivotal role in driving the Qatar Construction Chemicals
Market forward. These collaborations will empower the market to meet the
evolving needs of the construction industry, achieve sustainability goals, and
contribute to the nation's vision of a resilient and prosperous built
environment.
However, shortage of skilled workforce and
fluctuations in economy are expected to slow down the growth of the market in
the coming years.
The Qatar Construction Chemicals Market segmentation
is based on Type, End User, By Company, and Region.
Some of the major companies operating in the Qatar
Construction Chemicals Market include:
- BASF Construction
Chemicals LLC
- Sika Qatar LLC
- Al Gurg Fosroc
- Sodamco-Weber
Qatar W.L.L
- Mapei S.p.A
- Don Construction
Products Qatar W.L.L.
- Corrotech Qatar
W.L.L
- W. R Grace &
Co.
- Chryso SAS
- The Dow Chemical
Company
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“Certain regions of Qatar, particularly the Doha
region, are projected to exert significant demand for construction chemicals in
the country. The growth in the competitive landscape and the presence of
well-established companies in the market, committed to enhancing their
productivity of construction chemicals each year, are expected to contribute to
a remarkable growth of the Qatar Construction Chemicals Market in the forecast
period," said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based Global management consulting firm.
Qatar Construction Chemicals Market Segmented By Type (Concrete
Admixtures, Waterproofing Chemicals, Flooring Compounds, Repair &
Rehabilitation, Adhesives & Sealants, and Others), By End User (Commercial,
Industrial, Infrastructure and Public Places, Residential), By Region and
Competition has evaluated
the future growth potential of Qatar Construction Chemicals Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide innovative market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Qatar Construction Chemicals Market.
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