Exploring Saudi Arabia Paints & Coatings Market: Rising Trends, Opportunities and Challenges Forecast 2030

A Quick Overview of Saudi Arabia Paints & Coatings Market

The key object of this report on the Saudi Arabia Paints & Coatings Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.

MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the Saudi Arabia Paints & Coatings Market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.

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Saudi Arabia Paints & Coatings Market Scenario:

The Saudi Arabia Paints & Coatings Market size is estimated at around 4.4 & is expected to grow at a CAGR of around 4.4% during the forecast period, i.e., 2024-30. The paints and coatings market in Saudi Arabia is witnessing dynamic growth, buoyed by multiple drivers. The surge in urbanization and continuous construction endeavors are bolstering the demand for housing and business accommodations. Furthermore, a greater emphasis on maintaining infrastructure aesthetics while safeguarding against harm is spurring an increase in sophisticated coating usage, leading to market growth & expansion. Rigorous environmental regulations coupled with mounting interest in sustainability factors have hastened the production of eco-friendly or low-VOC options that align better with consumers' preferences toward environmentally conscious alternatives. The inclination towards renovating pre-existing structures serves as a testament to how agile this field continues to be, catering adeptly even amid changing customer demands.

Saudi Arabia Paints & Coatings Market - Industry Dynamics, Size, And Opportunity Forecast To 2030:

Market Driver - Increasing Demand for Paints and Coatings from the Construction & Architecture Industry

The thriving construction sector in Saudi Arabia, fueled by the expansive 'Neom' project worth USD 500 billion and the successful completion of Phase 1 of the Red Sea Project, along with a government-led affordable housing endeavor totaling USD 80 billion, is propelling size & volume within the architectural paints and coatings market. These specialized products meet distinct functional needs such as moisture-resistant bathroom coatings, which are essential for enhancing durability in diverse environments. The country's ever-expanding building industry, coupled with an additional booster package valued at USD 19 billion, will continue to spur demand, resulting in greater sales volumes of these distinctive commodities throughout Saudi Arabia.

Saudi Arabia Paints & Coatings Market Segmentation Analysis:

Saudi Arabia Paints & Coatings Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:

By Resin Type

Acrylic Resin- Market Size & Forecast 2019-2030, (Thousand Tons)
Alkyd Resin- Market Size & Forecast 2019-2030, (Thousand Tons)
Polyurethane Resin- Market Size & Forecast 2019-2030, (Thousand Tons)
Epoxy Resin- Market Size & Forecast 2019-2030, (Thousand Tons)
Polyester Resin- Market Size & Forecast 2019-2030, (Thousand Tons)
Other Resin Types (Polyether Ether Ketone, Polyether Ketone Resin)- Market Size & Forecast 2019-2030, (Thousand Tons)

By Technology

Water-based- Market Size & Forecast 2019-2030, (Thousand Tons)
Solvent-based- Market Size & Forecast 2019-2030, (Thousand Tons)
Powder-based- Market Size & Forecast 2019-2030, (Thousand Tons)

By End-Use Industry

Architectural- Market Size & Forecast 2019-2030, (Thousand Tons)
Automotive- Market Size & Forecast 2019-2030, (Thousand Tons)
Protective Coatings Market- Market Size & Forecast 2019-2030, (Thousand Tons)
General Industrial- Market Size & Forecast 2019-2030, (Thousand Tons)
Other End-user Industries (Wood Coatings)- Market Size & Forecast 2019-2030, (Thousand Tons)

By Region

North and Central
West
East
South.

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Who are the Key Market Players in the Saudi Arabia Paints & Coatings Market?

In the fast-changing Saudi Arabia Paints & Coatings Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top companies of the Saudi Arabia Paints & Coatings market ruling the industry are:

List of Key Companies Profiled:

PPG Industries
AkzoNobel NV
Jazeera Paints
Kansai Paint Co. Ltd.
National Paints Factory Co. Ltd.
Protech Powder Coatings Inc.
Sak Coat
The Sherwin-Williams Company
United Coatings Industries
Zamil Industrial Coatings
Others.

Saudi Arabia Paints & Coatings Recent Development:

In January 2024, The Sherwin-Williams Company Introduced a new water-based wood coating named Sher-wood Environmentally Adaptable Hydroplus. This water-based wood coating provides enhanced adaptability to several environmental conditions without any performance common with water-based coating.

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