Overview of the Saudi Arabia Paints & Coatings Market: Key Statistics and Trends:
According to the latest report by MarkNtel Advisors, titled “Saudi Arabia Paints & Coatings Market By Resin Type (Acrylic Resin, Alkyd Resin, Polyurethane Resin, Epoxy Resin, Polyester Resin, Other Resin Types (Polyether Ether Ketone, Polyether Ketone Resin)), By Technology (Water-based, Solvent-based, Powder-based), By End-Use Industry (Architectural, Automotive, Protective Coatings Market, General Industrial, Other End-user Industries (Wood Coatings)), and Others, 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% during the forecast period, i.e., 2025-30. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
Saudi Arabia Paints & Coatings Market Growth and Scope:
Base Year: 2024
Forecast Period: 2025-30
Historical Data: 2020-23
CAGR (2025-2030): 4.4%
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Saudi Arabia Paints & Coatings Market 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.
A Comprehensive Analysis of Leading Companies of Saudi Arabia Paints & Coatings Market by MarkNtel Advisors:
- 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
Key Saudi Arabia Paints & Coatings Market Segmentation:
Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/saudi-arabia-paints-coatings-market.html
-By Resin Type
- Acrylic Resin
- Alkyd Resin
- Polyurethane Resin
- Epoxy Resin
- Polyester Resin
- Other Resin Types (Polyether Ether Ketone, Polyether Ketone Resin)
The Saudi Arabian paints and coatings industry exhibits a dominant presence of acrylic resin, commanding a significant market share exceeding 70% in waterborne coatings.
-By End-Use Industry
- Architectural
- Automotive
- Protective Coatings Market
- General Industrial
- Other End-user Industries (Wood Coatings)
The architectural paints and coatings segment is poised for substantial market growth within the forecast period, particularly in the context of the Saudi Arabia Paints and Coatings Industry.
-By Technology
- Water-based- Market Size & Forecast 2020-2030, (Thousand Tons)
- Solvent-based- Market Size & Forecast 2020-2030, (Thousand Tons)
- Powder-based- Market Size & Forecast 2020-2030, (Thousand Tons)
Geographical Analysis
-By Region
- North and Central
- West
- East
- South
Key Reports Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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Key Advantages of the Report by MarkNtel Advisors:
- Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
- Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
- Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.
Note: If you need additional information not included in the report, we can customize it to suit your requirements.
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About Us –
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 4.40+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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