Saudi Arabia Powder Coatings Market to be Dominated by Thermoset Segment through 2028
Rising demand for construction chemicals is
expected to drive the growth of the Saudi Arabia powder
coatings market during the forecast period.
According to TechSci Research report, “Saudi
Arabia Powder Coatings Market By Region, Competition, Opportunities, and
Forecast, 2028”, the Saudi Arabia powder coatings market is
anticipated to grow at an impressive CAGR during the forecast period. Rising
per capita income, increasing consumer expenditure, and technological
advancements will be the main drivers of the Saudi Arabia powder coatings
market's expansion. The architectural and ornamental sectors will benefit from
socioeconomic development and an increase in housing subsidies, which will
indirectly promote the expansion of the powder coatings business. Increasing
development and construction activity in developing nations is also anticipated
to fuel the market for powder coatings during the forecast period. However, the
lack of knowledge in underdeveloped regions will impede the market's expansion
for powder coatings. Also, the growth of the market will be hampered by strict
environmental restrictions and an increased focus on complying with municipal
and state laws regarding wastewater disposal.
The construction industry is one of the key drivers
of the Saudi Arabian economy, with massive infrastructure projects underway,
such as the NEOM project, which aims to build a futuristic city in the
northwestern region of the country. The construction industry in Saudi Arabia
is also being driven by the government's Vision 2030 plan, which aims to
diversify the country's economy and reduce its dependence on oil exports. The
plan includes significant investment in infrastructure projects such as roads,
airports, and hospitals, which is driving the demand for powder coatings in the
country.
Browse over XX market data Figures spread through XX
Pages and an in-depth TOC on the "Saudi Arabia Powder Coatings Market”
The Saudi Arabia powder coatings market is
segmented based on type, application, and region.
Based on type, the market is categorized into
thermoset and thermoplastic. Thermoset is expected to hold the largest market
share during the forecast period because thermoset is a material that
strengthens when heated but cannot be remolded or heated after the initial
forming.
Based on application, the market is categorized
into architectural, furniture, automotive, consumer goods, metals, and others.
Architectural is expected to hold the largest market share during the forecast
period.
Major companies operating in the Saudi Arabia
powder coatings market are:
- Jotun Saudi
Arabia Co., Ltd.
- AkzoNobel Saudi
Arabia Ltd
- National Paints
Factories Co., Ltd.
- Gulf Polyester
Powder Coating Company (ALWAN)
- Sak Coat Powder
Coatings
- Arabian
Industrial Metal Coating Co. (AIMCO)
- Zamil
Industrial Coatings (ZINDCO) (Zamil Group)
- Axalta Coating
Systems
- BASF Saudi
Arabia Limited
- PPG Industries
Download Free Sample Report
Customers can also request for 10% free
customization on this report.
“Powder coatings are also used in the production of
specialty vehicles, such as armored vehicles, military vehicles, and off-road
vehicles. The automotive industry is a major contributor to the Saudi Arabian
economy, with several major automotive manufacturers operating in the country,
including General Motors, Ford, and Toyota. The growth of the automotive
industry in Saudi Arabia is being driven by several factors, including government
incentives, increasing demand for passenger and commercial vehicles, and the
growth of the tourism industry. These factors are expected to drive the demand
for powder coatings in the automotive industry in the country,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Saudi Arabia Powder Coatings Market By Type
(Thermoset, Thermoplastic), By Application (Architectural, Furniture,
Automotive, Consumer Goods, Metals, and Others), and By Region, Competition,
Forecast, and Opportunities, 2028” has evaluated the future growth potential of
the Saudi Arabia powder coatings market and provides statistics &
information on market size, structure, and future market 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 Saudi Arabia powder coatings market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com