UAE Bulk Chemicals Market to be segmented by Rising demand from Various End User Industry through 2028.

According to TechSci Research report, “UAE Bulk Chemicals Market– By Region, Forecast and Opportunities, 2018-2028”, UAE Bulk Chemicals Market is anticipated to grow at a significant rate in the forecast period, 2024-2028. The rising demand of Bulk chemicals in construction industry and food packaging augments the growth of the UAE Bulk Chemicals Market. The UAE bulk chemical market has experienced remarkable growth in recent years, driven by several factors. One of the primary drivers is the UAE government's focus on diversifying its economy away from traditional sectors like oil and gas, and towards a knowledge-based and innovation-driven economy. The bulk chemical industry is considered a strategic sector that aligns with the UAE's economic diversification goals, and the government has taken several measures to support its growth, including providing incentives for investment, promoting research and development, and establishing world-class infrastructure. Bulk chemicals including polystyrene and phthalates are in great demand for manufacturing food-packaging materials. Additionally, bulk chemicals have played significant roles in practically all types of construction projects, including commercial, residential, and industrial projects. The Bulk Chemicals are frequently used in various project components to achieve important properties like workability, durability, etc. There are numerous types of construction chemicals available from numerous manufacturers around UAE. Most chemicals used in construction, work as hardening agents for coating, repair, or surface application. They work well as waterproofing agents.

However, health issues related with bulk chemicals used in food packaging disrupts hormones in children and adults. Additionally, exposure of such chemicals can be carcinogenic and other environmental concerns may hamper the growth of the market in the forecast period.

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UAE Bulk Chemicals Market is segmented into type, end-user industry, region, and company.

Based on type, the market is divided into Organic and Inorganic. The Inorganic Chemicals segment is expected to witness a rise over the forecast period. This is attributed to the extensive applications of inorganic bulk chemicals in construction, food-processing and agrochemicals, and various infrastructural development projects in UAE.

Based on end-user industry, the market is divided into healthcare, food & beverage, automotive, construction, agriculture, and others. The segment construction is expected to witness a rise over the forecast period. This is attributed to increasing real-estate and commercial construction with increasing population.

Major companies operating in UAE Bulk Chemicals Market are:

• BASF UAE
• SABIC Dubai
• Taj Al Mulook
• Petrochem International
• Kemsol Limited
• Tawazon Chemical Company LLC
• Trice Chemicals IND LLC
• Fortune Emirates General Trading LLC
  
  

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“Eastern region is expected to witness a significant growth in the upcoming years, due to its strategic location as a global transportation hub and tourist destination, thus, in turn, strengthening the growth of the market, which is expected to grow through 2028. Due to enormous food-stations, eateries, and restaurants, Dubai commands the largest proportion of the UAE’s food packaging market. Another significant aspect driving the total market growth in Dubai is the significant increase in tourism due to its magnificent destinations that attracts people all around the world. With increasing tourism, usage of packaging material will increase and hence their will be the growth of UAE bulk chemical market.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

UAE Bulk Chemicals Market, By Type (Organic v/s Inorganic), By End User Industry (Healthcare, Food & Beverage, Automotive, Construction, Agriculture, and Others.) By Region, Competition Forecast & Opportunities, 2028 has evaluated the future growth potential of UAE Bulk Chemicals Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge 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 UAE Bulk Chemicals Market.

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