GCC Decorative Paints Market is Expected to be Dominated by the Emulsion Segment During 2028
Rising investment in the
infrastructure sector and smart city projects across the region are likely to
propel the market for GCC decorative paints market during 2024-2028F.
According to TechSci Research
report, “GCC Decorative Paints Market – By Country, Competition,
Forecast and Opportunities, 2028”, the GCC decorative paints market is
expected to rise in the upcoming years due to the expansion of the road &
railways network, increasing megaprojects across the region, and increasing
commercial construction activities in the GCC countries.
The purpose of decorative paints
is to enhance the visual appeal of a surface. They are regularly utilized both
indoors and outside, including for furniture, walls, ceilings, and other
ornamental elements. Due to their availability in a wide range of colors,
textures, and finishes, decorative paints are a versatile tool that both
homeowners and interior designers can use to give homes a unique appearance and
feel.
The "UAE Vision 2021"
and city-level strategies supporting the establishment of sustainable
infrastructure, including the "Dubai 2040 Urban Master Plan" and the
"Abu Dhabi Economic Vision 2030," are directly in line with the UAE's
goals to construct several smart, sustainable cities all over the nation. The
term "smart cities" refers to environmentally friendly urban
development projects that are technically connected via modern ICT (Information
& Communication Technology) (IoT). The Zayed Smart City Project in Abu
Dhabi is among the biggest efforts the UAE has undertaken to create smart
cities. The "Masdar City Project" in Abu Dhabi and "The
Sustainable City Project" in Dubai are two other significant programmes.
Dubai has constructed 30,000 residences in Desert Road City for foreigners and
Emiratis to consume less energy. By 2030, the UAE wants to cut its carbon
footprint by 30%. Green building guidelines are currently being followed in the
construction of the nation's planned smart and sustainable towns. Therefore,
the GCC decorative paints market is anticipated to benefit greatly from such
elevated goals.
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Figures spread through XX Pages and an in-depth TOC on the "GCC Decorative Paints Market"
The GCC decorative paints market
is divided into product type, type of plant, application, sales channel, and
end user. Based on product type, the market is divided into water based, and
solvent based. Based on the type of paint, the market is divided into emulsion,
enamel, distemper, primer, textures, and others. Based on application, the
market is divided into exterior and interior. Based on sales channel, the
market is divided into offline and online. Based on end user, the market is
divided into residential and non-residential. Based on country, the market is
segmented into United Arab Emirates, Bahrain, Saudi Arabia, Oman, Qatar, and
Kuwait.
Based on the type of paint, the
market is divided into emulsion, enamel, distemper, primer, textures, and
others. The emulsion segment is expected to hold the largest share in the
upcoming years 2024-2028F. Emulsion paint is simple to deal with as it has a
low odour, dries rapidly, and can be washed off with water. Due to its
user-friendliness, it is a preferred option for DIY painters and homeowners.
Emulsion paint is advantageous for many surfaces since it comes in a range of
colours, finishes, and sheens, including walls, ceilings, and trim. It features
adaptable design options and can be employed in a few rooms and areas inside a
house or commercial building. Emulsion paint is suitable for indoor and outdoor
surfaces since it typically demonstrates exceptional durability and resistance
to peeling, cracking, and fading.
Based on end user, the market is
divided into residential and non-residential. The residential segment is
expected to hold the largest share in the forecast period. The residential end
user plays a key role in the decorative paints market. The producers must meet
the expectations of consumers by providing a wide selection of goods since
homeowners are searching for paints that are both aesthetically beautiful and
long-lasting. In terms of choosing the best paint for their project, the
residential end user currently has more alternatives than ever due to
technological advancements. For instance, in December 2022, the Kingdom of
Saudi Arabia financed infrastructure and real estate investments totalling
USD 1 trillion. By the end of 2030, the KSA intended to build about 1.3
million new dwellings in at least eight new cities, most of which would be
situated along the Red Sea coast.
Key market players in the GCC
decorative paints market include:
- Akzo Nobel UAE Paints L.L.C
- Jazeera Paints Company
- BASF SE
- Becker Industrial Coatings L.L.C
- Kuwait Paints Company (Al-Babtain Group)
- GTC Paints Co Ltd
- Hempel Paints Kuwait Company KSCC (Hempel
Paints)
- Benjamin Moore & Co
- Jotun U.A.E. Ltd. (LLC)
- Sigma Paints SA
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“The GCC decorative paints
market is expected to rise in the upcoming years due to the expansion of the
road & railways network, increasing megaprojects in the nation, and
increasing commercial construction activities in the Gulf Cooperation Council
(GCC) region. The UAE government has invested significantly in the
infrastructure sector. For instance, the UAE government intends to invest over
USD 23 billion in infrastructure projects across the country, while the
Ministry of Energy & Infrastructure has announced to invest USD 3.4 billion
in development projects by 2023. Additionally, during the forecast period, the
infrastructure sector in Qatar is anticipated to experience a CAGR of over 7%. The
government of Qatar intends to invest more than USD 200 billion as part of a
large infrastructure-building programme, which is driving up construction.
Therefore, the demand for the decorative paints market in Gulf Cooperation
Council (GCC) is projected to rise in the upcoming years.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“GCC Decorative Paints
Market Segmented By Product Type (Water Based, Solvent Based), By
Type of Paint (Emulsion, Enamel, Distemper, Primer, Textures, and Others), By
Application (Exterior, Interior), By Sales Channel (Offline, Online), By End
User (Residential, Non-Residential), By Country, Competition, Forecast and
Opportunities, 2028”, has evaluated the future
growth potential of decorative paints and provides statistics and information
on market structure, size, share, and future growth. The report intends to
provide cutting-edge market intelligence and help decision-makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities in
the GCC decorative paints market.
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