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, 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.
Objective of the Study:
- To analyze the historical growth of the market
size of Saudi Arabia Paints & Coatings market from 2017 to 2020.
- To estimate and forecast the market size of Saudi
Arabia Paints & Coatings market from 2021 to 2027 and growth rate
until 2027.
- To classify and forecast Saudi Arabia Paints
& 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
Arabia Paints & Coatings market.
- To identify drivers and challenges for Saudi
Arabia Paints & Coatings market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in Saudi
Arabia Paints & Coatings market.
- To identify and analyze the profile of leading
players operating in Saudi Arabia 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.
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Attribute
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Details
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Base Year
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2021
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Historical Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, Volume in Units and CAGR for 2017-2021
and 2022E-2027F
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Report coverage
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Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
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Segments covered
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·
Resin Type
·
Technology
·
Product Type
·
End user Industry
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Regional scope
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Western Region, Northern and Central Region, Eastern Region,
Southern Region
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Key companies profiled
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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.
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Customization scope
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10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
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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).
Saudi Arabia Paints & Coatings market is an
upcoming report to be released soon. If you wish an early delivery of this
report or want to confirm the date of release, please contact us at [email protected]