Bahrain Construction Chemical Market is projected to grow at a CAGR of 6.3% during 2023-2029

The waterproofing & roofing segment by product types registered the maximum revenue share in Bahrain Construction Chemicals Market – 6Wresearch

Waterproofing and roofing should be the focused segment on account of the number of projects in the infrastructure domain such as the Bahrain metro rail project and Al- Dur (IWP) project which involves the construction of tunnels and underground waterproof areas.

According to 6Wresearch, Bahrain Construction Chemical Market is projected to grow at a CAGR of 6.3% during 2023-2029. Bahrain is aggressively boosting its supplies in the residential sector, driven by a rapidly growing urban population and the increasing need for additional residential spaces to effectively accommodate the demand. Moreover, with increasing investment in road construction, building projects would boost the demand for construction chemicals in the coming years. The construction sector in the country is witnessing decent growth with construction and real estate sectors contributing a combined 12.5% to GDP in 2022. Furthermore, real estate and business activities, financial corporations, hotels and restaurants, and trade all grew between 4.2% and 5.3% in the first quarter of 2023 fueled by an increase of 3.5% in the non-oil sector. The country is witnessing various projects such as King Hamad Causeway which is expected to connect Bahrain with the main GCC railway and existing Saudi rail network and is planned to start construction in 2024, the Bahrain Metro project worth $31 million and expected completion by 2029 which would boost the demand for construction chemicals as they improve the quality of building materials in construction projects and provide sustainability.

According to Shubham Deep, Senior Research Analyst, 6Wresearch, the residential segment is anticipated to rise in the years to come. The infrastructure segment also has chances to rise owing to an increasing number of ongoing private projects in the pipeline for infrastructure development under Bahrain Vision 2030 such as the metro rail project, the development of Khaleej Al Bahrain Basin, and the King Hamad Causeway project, and others would witness substantial growth during the forecast period.

The Bahrain Construction Chemicals Market Market (2023-2029) report provides an in-depth analysis with 12 figures and 4 tables, covered in 63 pages. The report comprehensively covers the market by product types and applications. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.