Saudi Arabia powder coatings market is anticipated
to grow at an impressive rate during the forecast period. Due to their improved
performance and positive effects on the environment, powder coatings, a type of
dry finishing technique used to coat surfaces with a protective layer, have
grown in popularity across a variety of industries in Saudi Arabia. The most
challenging, resilient machinery and everyday household goods are both
protected by powder coating. While still delivering an appealing appearance, it
offers a more durable finish than liquid paints. Impact, moisture, chemicals,
ultraviolet light, and other harsh weather conditions do not have the same
effect on the coating quality of powder-coated objects as they do on other
types of products.
Furthermore, almost every type of metal that is
utilized by both consumers and industry can be given a protective and pleasing
surface with powder coating. The powder is made up of a resin and pigment
mixture that has been finely powdered. Typically, it is electrostatically
sprayed onto any surface intended for coating. Charged particles are released
during the process, and they adhere to electrically grounded surfaces. Once the
powder has heated up and fused into a smooth covering, the painted surface is
placed in the curing oven to finish curing. It has become one of the finishing
technologies with the fastest-growing popularity due to its effectiveness.
Among the primary beneficiaries of powder coating is the appliance
sector. As per the Government of Saudi Arabia, the Kingdom aims to
produce about 300,000 cars by 2030 and will account for 50 percent of car sales
in the Gulf Cooperation Council countries by 2025 from about 1.15 million cars,
62,000 of which are electric cars.
Besides that, powder coating has developed into a
reliable and well-liked alternative to porcelain enamel on a variety of dryer
and washer elements. The method is also used to coat aluminum extrusions
for door and window frames as well as modular furniture in the construction and
architectural industries. Nowadays, powder coatings are used for most buildings
and highway construction projects. Guardrails, light poles, posts, signs, and
fencing all use it. Powder coatings are used in the automotive industry on door
handles, bumpers, wheels, hubcaps, truck beds, filters, radiators, various
engine components, and areas with decorative trim and accents. Moreover, a
clear powder coating is always used to protect the car's body. For instance,
the method has been embraced by Volvo and BMW, which are currently utilizing it
on their most recent models. Also, Ford, Chrysler, and GM have formed a
consortium to test the technology on each of their various cars.
Growing Demand for Powder Coatings in the
Construction Industry
The construction industry is one of the key drivers
of the powder coatings market in Saudi Arabia. With a rapidly growing
population and increasing urbanization, there is a high demand for new
construction projects in the country. Powder coatings are widely used in the
construction industry for coating metal structures such as window frames,
doors, and facades. The durability and weather resistance of powder coatings
make them an ideal choice for these applications. Powder coatings are becoming
increasingly popular in the construction industry due to their many benefits.
These coatings are resistant to scratches, chips, and fading, making them ideal
for use in areas with high traffic and exposure to harsh weather
conditions. As per the world transactions on engineering and technology
education, the construction industry is one of the most important industries in
Saudi Arabia, with an annual growth rate of 4.5% and a total value of more than
USD 30 billion. They also offer excellent corrosion resistance, making
them ideal for use in marine environments, chemical plants, and other harsh
environments. In addition, powder coatings are eco-friendly, as they do not
contain any solvents or VOCs, making them an excellent choice for sustainable
construction. Powder coatings have numerous applications in the construction
industry, ranging from metal roofing and cladding to curtain walls, windows,
and doors. These coatings are also used on steel structures, handrails, and
fences to provide protection against corrosion and wear. Powder coatings are
also used in the construction of stadiums, airports, and other large
structures, as they can be applied quickly and efficiently. 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.
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Rising Demand from the Automotive Industry
The automotive industry is another major driver of
the powder coatings market in Saudi Arabia. Powder coatings are widely used in
the automotive industry for coating wheels, engine parts, and other metal
components. Powder coatings provide a durable, scratch-resistant finish that is
ideal for high-traffic areas such as car interiors and exteriors. With the
growing number of automobiles on the roads in Saudi Arabia, the demand for
powder coatings in this industry is expected to continue to rise. Powder
coatings have numerous applications in the automotive industry, ranging from
body panels and wheels to engine parts and suspension components. These
coatings are also used on exterior trim and accessories, such as door handles,
mirrors, and emblems. According to the International Trade
Administration, the Middle East/North Africa (MENA) region is growing at an
estimated 36%, with Saudi Arabia as the leading regional market. Saudi Arabia
accounted for almost 52% of the vehicles sold in the Gulf Cooperation Council (GCC)
and 35% in the MENA region in 2020. The total number of vehicles sold in Saudi
Arabia in 2019 and 2020 was 556,000 and 436,000, respectively. Sales are
projected to reach 543,000 units by 2025, with electric vehicles (EVs) making
up only 32,000 units. 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
during the forecast period.
Market Segmentation
The Saudi Arabia powder coatings market is
segmented based on type, application, and region. Based on type, the market is
bifurcated into thermoset and thermoplastic. Based on application, the market
is fabricated into architectural, furniture, automotive, consumer goods,
metals, and others. Based on region, the market is divided into Northern &
Central, Western, Southern, and Eastern.
Company Profiles
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, and PPG Industries are some of the key
players in the Saudi Arabia powder coatings market.
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Attribute
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Details
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Base Year
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2022
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Historic Data
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2018 – 2021
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million, Volume in Metric Tonnes, and CAGR for 2018-2022
and 2023-2028
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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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Regional scope
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Northern & Central, Western, Southern, Eastern
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Key companies profiled
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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, and PPG Industries
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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, the Saudi Arabia powder coatings
market has been segmented into the following categories, in addition to the
industry trends, which have also been detailed below:
- Saudi Arabia Powder Coatings Market,
By Type:
- Saudi Arabia Powder Coatings Market,
By Application:
- Architectural
- Furniture
- Automotive
- Consumer Goods
- Metals
- Others
- Saudi Arabia Powder Coatings Market, By
Region:
- Northern & Central
- Western
- Southern
- Eastern
Competitive landscape
Company Profiles: Detailed analysis of
the major companies in the Saudi Arabia powder 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 powder coatings market is an upcoming
report to be released soon. If you wish early delivery of this report or want
to confirm the date of release, please contact us at [email protected].