BURNABY, Canada, August 26, 2015 /PRNewswire/ --
Increasing government and private sector spending on construction projects to drive construction chemicals market in Qatar through 2020
According to recently released TechSci research report, "Qatar Construction Chemicals Market Forecast & Opportunities, 2020", the market for construction chemicals in Qatar is forecast to grow at a CAGR of around 13% during 2015 - 2020. Few of the major factors boosting growth of construction chemicals market in Qatar include increasing housing demand by urban population, rising awareness regarding quality of construction chemicals, expanding economy, high spending on construction activities by government and increasing construction of many infrastructure projects such as airports, subways, tunnels, damns, highways, bridges, railway networks, power plants as a part of preparations for upcoming FIFA World Cup in 2022.
The market for construction chemicals in the country is also driven by increasing government spending on building highways, drainage systems, stadiums, hotels, etc. On account of high infrastructure growth anticipated in the City of Doha, the demand for construction chemicals is expected to witness robust growth. With technologically advanced products and wide distribution network, foreign construction chemical players continue to dominate in Qatar. Few of the leading construction chemical companies operating in Qatar include BASF, Sika, Fosroc, Mapei, and Sodamco.
"Post 2014, infrastructure sector is expected to pick up on account of various government initiatives, especially increasing construction activities for FIFA World Cup, 2022, and implementation of Qatar National Vision 2030 program. This push in construction sector is expected to boost construction chemicals market in Qatar over next five years." said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"Qatar Construction Chemicals Market Forecast & Opportunities, 2020" has analyzed the potential of the construction chemicals market and provides statistics and information on market sizes, shares and trends. The report intends to provide its clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with major drivers, challenges and opportunities in Qatar construction chemicals market.
About TechSci Research
TechSci Research is a global market research and consulting company with offices in Canada, UK and India. TechSci Research provides market research consulting services in six verticals - Information Technology, Chemicals, Water & Water Recycling, Consumer Goods & Retail, Automotive and Energy & Power. The company uses proprietary innovative business model that focuses on improved productivity that also ensure the creation of high-quality reports. With more than 100 client engagements with fortune 500 clients, TechSci Research enjoys the status of a premium market research services provider in the industry.
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SOURCE TechSci Research