A Quick Overview of Saudi Arabia Paints & Coatings Market
The key object of this report on the Saudi Arabia Paints & Coatings Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.
MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.
According to the latest report, the Saudi Arabia Paints & Coatings Market size is estimated at around USD 1.5 billion in 2024 & is expected to grow at a CAGR of around 4.4% from 2024 to 2030. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data.
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Market Dynamics:
Driver-
Increasing Demand for Paints and Coatings from the Construction & Architecture Industry – The thriving construction sector in Saudi Arabia, fueled by the expansive ‘Neom’ project worth USD 500 billion and the successful completion of Phase 1 of the Red Sea Project, along with a government-led affordable housing endeavor totaling USD 80 billion, is propelling size & volume within the architectural paints and coatings market. These specialized products meet distinct functional needs such as moisture-resistant bathroom coatings, which are essential for enhancing durability in diverse environments. The country’s ever-expanding building industry, coupled with an additional booster package valued at USD 19 billion, will continue to spur demand, resulting in greater sales volumes of these distinctive commodities throughout Saudi Arabia.
Saudi Arabia Paints & Coatings Market Report Segmentation:
The report by MarkNtel Advisors on Saudi Arabia Paints & Coatings Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:
By Resin Type
- Acrylic Resin- Market Size & Forecast 2019-2030, (Thousand Tons)
- Alkyd Resin- Market Size & Forecast 2019-2030, (Thousand Tons)
- Polyurethane Resin- Market Size & Forecast 2019-2030, (Thousand Tons)
- Epoxy Resin- Market Size & Forecast 2019-2030, (Thousand Tons)
- Polyester Resin- Market Size & Forecast 2019-2030, (Thousand Tons)
- Other Resin Types (Polyether Ether Ketone, Polyether Ketone Resin)- Market Size & Forecast 2019-2030, (Thousand Tons)
The Saudi Arabian paints and coatings industry exhibits a dominant presence of acrylic resin, commanding a significant market share exceeding 70% in waterborne coatings. Acrylic reigns supreme in the architectural coatings industry, as it is widely used as the primary binder. Its versatility makes acrylic resins essential to various formulations such as emulsions, lacquers, enamels, and powders.
By Technology
- Water-based- Market Size & Forecast 2019-2030, (Thousand Tons)
- Solvent-based- Market Size & Forecast 2019-2030, (Thousand Tons)
- Powder-based- Market Size & Forecast 2019-2030, (Thousand Tons)
By End-Use Industry
- Architectural- Market Size & Forecast 2019-2030, (Thousand Tons)
- Automotive- Market Size & Forecast 2019-2030, (Thousand Tons)
- Protective Coatings Market- Market Size & Forecast 2019-2030, (Thousand Tons)
- General Industrial- Market Size & Forecast 2019-2030, (Thousand Tons)
- Other End-user Industries (Wood Coatings)- Market Size & Forecast 2019-2030, (Thousand Tons)
By Region
- North and Central
- West
- East
- South
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Some of the Top Saudi Arabia Paints & Coatings Companies in the Market
In the fast-changing Saudi Arabia Paints & Coatings Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top players of the industry ruling the industry are:
- PPG Industries
- AkzoNobel NV
- Jazeera Paints
- Kansai Paint Co. Ltd.
- National Paints Factory Co. Ltd.
- Protech Powder Coatings Inc.
- Sak Coat
- The Sherwin-Williams Company
- United Coatings Industries
- Zamil Industrial Coatings
- Others
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