Saudi Arabia Paints & Coatings market is expected to grow at a significant CAGR in the forecast period. The oil industry is the major revenue-generating industry in Saudi Arabia and with the rise in government initiatives to diversify the income sources and to reduce the dependency on the oil industry, the leading authorities are promoting the development of the paints & coatings industry.
An increase in the disposable income among middle-class families is surging the expenditure capacity of the consumers which in turn is influencing the growth of the paints & coatings market in the next five years. Supportive government policies and initiatives such as Saudi Vision 2030, the construction of Neom City, is promoting the construction of residential and commercial spaces which in turn is expected to boost the demand for paints & coatings. Paints & coatings are used in the interior of homes for decorative purposes or to add colors to the walls and perform different functions according to the requirements of the room.
They are also used in the exterior surface of the house to enhance the aesthetics of the house and protect the house from extremely harsh weather conditions and dangerous UV radiation
Saudi Arabia Paints & Coatings market is segmented into resin type, technology, product type, end-user industry, regional distribution, and company. Based on the technology, the market can be divided into water-borne, solvent-borne, radiation cure, powder coating, and others. The solvent-borne segment is expected to witness growth in the forecast period, 2023-2027. An increase in the solvent-borne technology segment demand owing to the presence of extreme weather conditions and the offering of several benefits including resistance to severe weather conditions, durability, and strength, amongst others are influencing the demand of the segment.
The major players operating in the Saudi Arabia Paints & Coatings market are Al-Jazeera Factory for Paints Co., Jotun Saudia Co. Ltd., AkzoNobel Saudi Arabia Ltd, Sigma Paints Saudi Arabia Ltd. (Sigma), National Paints Factories Co. Ltd, Saudi Arabia BASF, Kansai Paint Middle East FZCO, Protech Powder Coatings, Inc., Sherwin Williams Saudi Arabia Ltd, Zamil Industrial Coating Company, among others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
The objective of the Study:
- To analyze the historical growth of the market size of Saudi Arabia’s Paints & Coatings market from 2017 to 2020.
- To estimate and forecast the market size of Saudi Arabia’s Paints & Coatings market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast Saudi Arabia Paints and coatings market based on resin type, technology, product type, end-user industry, regional distribution, and company.
- To identify dominant region or segment in the Saudi Arabian Paints & Coatings market.
- To identify drivers and challenges for Saudi Arabia’s Paints and coatings market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Saudi Arabia Paints and coatings market.
- To identify and analyze the profile of leading players operating in Saudi Arabia’s Paints & Coatings market.
- To identify key sustainable strategies adopted by market players in Saudi Arabia Paints & Coatings market.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of Saudi Arabia Paints & Coatings market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Paints & Coatings manufacturing companies
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances related to Paints & Coatings market
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2021 |
| Historical Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, Volume in Units and CAGR for 2017-2021 and 2022E-2027F |
| Report coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Resin Type
· Technology · Product Type · End user Industry |
| Regional scope | Western Region, Northern and Central Region, Eastern Region, Southern Region |
| Key companies profiled | Al-Jazeera Factory for Paints Co., Jotun Saudia Co. Ltd., AkzoNobel Saudi Arabia Ltd, Sigma Paints Saudi Arabia Ltd. (Sigma), National Paints Factories Co. Ltd, Saudi Arabia BASF, Kansai Paint Middle East FZCO, Protech Powder Coatings, Inc., Sherwin Williams Saudi Arabia Ltd, Zamil Industrial Coating Company. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, Saudi Arabia Paints & Coatings market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Saudi Arabia Paints & Coatings Market, By Resin Type:
-
- Acrylic
- Alkyd
- Polyurethane
- Epoxy
- Polyester
- Other Resin Types
- Saudi Arabia Paints & Coatings Market, By Technology:
- Water-borne
- Solvent-borne
- Radiation Cure
- Powder Coating
- Others
- Saudi Arabia Paints & Coatings Market, By Product Type:
- Decorative Paints & Coating
- Industrial Paints & Coatings
- Saudi Arabia Paints & Coatings Market, By End-user Industry:
- Architectural
- Automotive
- Protective Coatings Market
- General Industrial
- Transportation
- Others
- Saudi Arabia Paints & Coatings Market, By Region:
o Western Region
o Northern & Central Region
o Eastern Region
o Southern Region
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Saudi Arabia Paints & Coatings market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
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Table of Content-Saudi Arabia Paints & Coatings Market
- Product Overview
- Research Methodology
- Impact of COVID-19 on Saudi Arabia Paints & Coatings Market
- Executive Summary
- Saudi Arabia Paints & Coatings Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Resin Type (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Other Resin Types)
5.2.2. By Technology (Water-borne, Solvent-borne, Radiation Cure, Powder Coating, and Others)
5.2.3. By Product Type (Decorative Paints & Coatings and Industrial Paints & Coatings)
5.2.4. By End-user Industry (Architectural, Automotive, Protective Coatings Market, General Industrial, Transportation, and Others)
5.2.5. By Region
5.2.6. By Company (2021)
5.3. Product Market Map
- Saudi Arabia Decorative Paints & Coatings Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Resin Type
6.2.2. By Technology
6.2.3. By End-use Industry
- Saudi Arabia Industrial Paints & Coatings Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value& Volume
7.2. Market Share & Forecast
7.2.1. By Resin Type
7.2.2. By Technology
7.2.3. By End-use Industry
- Market Dynamics
8.1. Drivers
8.2. Challenges
- Market Trends & Developments
- Policy & Regulatory Landscape
- Saudi Arabia Economic Profile
- Competitive Landscape
12.1. Company Profiles
12.1.1. Al-Jazeera Factory For Paints Co.
12.1.2. Jotun Saudia Co. Ltd.
12.1.3. AkzoNobel Saudi Arabia Ltd
12.1.4. Sigma Paints Saudi Arabia Ltd. (Sigma)
12.1.5. National Paints Factories Co. Ltd
12.1.6. Saudi Arabia BASF
12.1.7. Kansai Paint Middle East FZCO
12.1.8. Protech Powder Coatings, Inc.
12.1.9. Sherwin Williams Saudi Arabia Ltd
12.1.10. Zamil Industrial Coating Company
13. Strategic Recommendations
