UAE automotive coatings
market is anticipated to grow at a steady CAGR in the forecast period,
2023-2027. The high demand from the flourishing automotive industry and the
stringent emission regulations regarding paint & coating products are the
primary factors driving the UAE automotive coatings market. Also, the high-end
investments in research and development activities to find innovative solutions
and satisfy the demand for economical and long-lasting plastic painting
solutions are expected to fuel the UAE automotive coatings market growth over
the forecast period.
High Demand for Sustainable
Metal Coating Solutions Drives the Market Growth
Metal costing solutions have
less residual toxicity levels and are affordable compared to the other
automotive coatings present in the market. The market is moving toward adopting
sustainable and economical solutions to reduce harmful emissions into the environment.
The growing environmental concerns and the need to achieve net-zero carbon
emission coupled with stringent emission norms and regulations imposed by the
leading authorities are making the automotive coating manufacturers work on
lowering the VOC emission during the application of paints and adhesives
coating on automobiles. They provide high protection from rust, air, water,
wear & tear, paint, and the original vehicle frame. Industry players are
working on expanding the product portfolio and introducing sustainable metal
coatings that can meet customer requirements and provide better durability,
longevity, and performance even in extreme weather conditions. The growing
consumer awareness is expected to accelerate the adoption of environment-friendly
coating solutions among consumers.
Increased Production and
Sales of Light Vehicles Fuels the Market Growth
Consumers prefer to use light
vehicles as they are highly fuel-efficient. The development of robust
transportation and logistics sector in the country to support the ongoing
economic activities is a positive factor in enhancing the demand for light
vehicles. In 2020, 158,711 total vehicles were sold in UAE. This number is
continuously increasing on account of the improved disposable income of the
consumers and the preference for private vehicle ownership among consumers.
Light vehicles use automotive coatings to protect the metallic light body of
automobiles from getting damaged and raise the aesthetic look of the light
vehicles. The high demand for light vehicles among consumers to bear low
maintenance costs are anticipated to bolster the market demand in the next five
years.
Proliferation of Electric
vehicles Supports the High Market Demand
Transportation is one of the
major sources of greenhouse gas emissions in the UAE. The government is
encouraging the adoption of electric vehicles by investing in constructing
supportive charging infrastructure and providing incentives to electric vehicle
manufacturers and buyers. The green charger initiative launched by the Dubai
Electricity and Water Authority to provide charging stations for electric
vehicles in a different part of UAE to support the Dubai Green Mobility
Strategy 2030 is fueling the sales of electric vehicles. The launch of
high-performance electric vehicles having higher battery capacity and
performance by the market players, and they use automotive coatings for vehicle
protection. The growing demand for electric vehicles is expected to create
lucrative growth opportunities for UAE automotive coatings market through the
forecast period.
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Market Segmentation
The UAE automotive coatings
market is segmented into vehicle
type, technology, resin type, application, demand category, regional
distribution, and
competitive landscape. Based on vehicle type, the market is divided into two-wheeler,
passenger car, LCV, M&HCV, and OTR. Based on technology, the market is
divided into water-borne, solvent-borne, powder coating, and others. Based on resin
type, the market is divided into acrylic, alkyd, polyurethane, epoxy,
polyester, and others. Based on application, the market is divided into primer,
clearcoat, basecoat, and others. Based on demand category, the market is
bifurcated into OEM and aftermarket. To analyze the market based on the
region, the UAE automotive coatings market is studied in major regions namely Dubai,
Abu Dhabi, Sharjah, and Rest of the UAE.
Market Players
Delta Gulf Paints, Shaji Auto
Paints Trading LLC, Wellcoat Paints, Al Danawi Stores Llc, Mega Paints Trading
Llc, Al Mayar Coatings, Kansai Paint Middle East, Al Alwan Al Sehriah Auto
Paint Trdg, Abdul Rahman Car Paints Co, KCC Corporation, are the major market
players operating in the UAE automotive coatings market.
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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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Historic 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, and CAGR for 2017-2021 and 2022-2027
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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·
Vehicle Type
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Technology
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Resin Type
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Application
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Demand
Category
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Regional scope
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Dubai, Abu Dhabi, Sharjah, Rest of UAE
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Key companies profiled
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Delta Gulf Paints, Shaji Auto Paints
Trading LLC, Wellcoat Paints, Al Danawi Stores Llc, Mega Paints Trading Llc, Al
Mayar Coatings, Kansai Paint Middle East, Al Alwan Al Sehriah Auto Paint Trdg,
Abdul Rahman Car Paints Co, KCC Corporation
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Customization scope
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10% free report customization with purchase. Addition or
alteration to 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, UAE automotive
coatings market has been segmented into following categories, in addition to
the industry trends which have also been detailed below:
- UAE Automotive
Coatings Market, By Vehicle Type:
- Two-Wheeler
- Passenger Car
- LCV
- M&HCV
- OTR
- UAE Automotive Coatings Market, By Technology:
- Water-Borne
- Solvent-Borne
- Powder Coating
- Others
- UAE Automotive Coatings Market, By Resin Type:
- Acrylic
- Alkyd
- Polyurethane
- Epoxy
- Polyester
- Others
- UAE Automotive Coatings Market, By Application:
- Primer
- Clearcoat
- Basecoat
- Others
- UAE Automotive Coatings Market, By Demand Category:
- UAE Automotive
Coatings Market, By Region:
- Dubai
- Abu Dhabi
- Sharjah
- Rest of UAE
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in UAE automotive 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).
UAE automotive 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]