The Saudi Arabia Paints & Coatings Market size is estimated at around USD 1.5 billion in 2024 & is expected to grow at a CAGR of around 4.4% during the forecast period, i.e., 2025-30..
Global Saudi Arabia Paints & Coatings 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.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Saudi Arabia Paints & Coatings Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Resin Type
- Acrylic Resin- Market Size & Forecast 2020-2030, (Thousand Tons)
- Alkyd Resin- Market Size & Forecast 2020-2030, (Thousand Tons)
- Polyurethane Resin- Market Size & Forecast 2020-2030, (Thousand Tons)
- Epoxy Resin- Market Size & Forecast 2020-2030, (Thousand Tons)
- Polyester Resin- Market Size & Forecast 2020-2030, (Thousand Tons)
- Other Resin Types (Polyether Ether Ketone, Polyether Ketone Resin)- Market Size & Forecast 2020-2030, (Thousand Tons)
- By Technology
- Water-based- Market Size & Forecast 2020-2030, (Thousand Tons)
- Solvent-based- Market Size & Forecast 2020-2030, (Thousand Tons)
- Powder-based- Market Size & Forecast 2020-2030, (Thousand Tons)
- By End-Use Industry
- Architectural- Market Size & Forecast 2020-2030, (Thousand Tons)
- Automotive- Market Size & Forecast 2020-2030, (Thousand Tons)
- Protective Coatings Market- Market Size & Forecast 2020-2030, (Thousand Tons)
- General Industrial- Market Size & Forecast 2020-2030, (Thousand Tons)
- Other End-user Industries (Wood Coatings)- Market Size & Forecast 2020-2030, (Thousand Tons)
- By Region
- North and Central
- West
- East
- South
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – PPG Industries, AkzoNobel NV, Jazeera Paints, Jotun, 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, and others
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