The UAE architectural paints and coatings market size was valued at USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 5% during the forecast period 2023–2031. The growth of the market is attributed to the increasing construction activities.
Architectural paints and coatings are used to paint interior as well as exterior part of building. Architectural paints contain antimicrobial additives along with silver particles to prohibit the growth of mold on the surface of paint film. Architectural paints and coatings use renewable, recycled or bio-based ingredients such as soybean oil and recycled plastic.
This paint is well suited for hospitals and schools. Surface coating is done with the help of rollers, brushes, and sprayers, among others. They are designated to paint the walls, roof coatings, and deck finishes.
The COVID-19 outbreak affected the development in architectural coatings and paints market, impacting the growth of the market. However, the relaxation in restriction owing to acceleration in vaccination drive is anticipated to positively influence the market growth.
UAE Architectural Paints and Coatings Market Trends, Drivers, Restraints, and Opportunities
- Long lasting and durable nature of architectural paints & coatings is anticipated to drive the market growth.
- Emulsion technology in architectural paint allows formation of low-volatile organic compound, which is not harmful for human and environment. Thus, this factor is expected to proliferate the growth of the market during the forecast period.
- Growing environmental concerns and rising use of recycled elements are spurring the market growth.
- High cost of raw materials and environmental regulation and impact of the watreborne architectural coating can hamper the growth of market
- Existing alternative such as green coating can hinder the market growth.
- Upcoming mega projects and increasing demand for eco-friendly products can create the opportunities for the market during the forecast period.
Scope of Architectural Paints and Coatings Market Report
The report on the UAE architectural paints and coatings market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes
|
Details
|
|
Report Title
|
UAE Architectural Paints And Coatings Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
|
Base Year
|
2022
|
|
Historic Data
|
2016–2021
|
|
Forecast Period
|
2023–2031
|
|
Segmentation
|
Resin Types (Epoxy, Alkyd, Polyurethane, Acrylic, and Others), Technology (Water-borne and Solvent-borne), and Construction Types (Residential and Non-Residential)
|
|
Country
|
UAE
|
|
Report Coverage
|
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
|
|
Key Players Covered in the Report
|
Caparol Paints.; JOTUN; National Paints Factories Co. Ltd.; Al Gurg Paints LLC (Oasis Paints); and Gulf Paints
|
UAE Architectural Paints and Coatings Market Segment Insights
Acrylic paint segment is anticipated to constitute a key market share
In terms of resin types, the market is categorized as epoxy, alkyd, polyurethane, acrylic, and others. The acrylics paints segment is expected to constitute a key share of the market during the projected period due to wide usage of polymer in the paints & coatings industry. The acrylic forms that are highly used are thermoset and thermoplastic. By polymerization of different acrylic monomers synthesized thermoplastics acrylic resins and by reacting with other polymers at elevated temperature thermosets are restores.
Acrylic paint has many advantages such as high durability, corrosion resistance, chemical resistance, solvent resistance, and hardness.
Solvent-borne segment is expected to grow at a rapid pace
Based on technology, the market is bifurcated into water-borne and solvent-borne. The solvent-borne market is projected to expand at a considerable CAGR during the forecast period. Solvent-borne has various benefits such as chemical, heat, and water resistance. On the other hand, the water-borne paints can create serious water pollution if the manufacturers do not handle it well.
Non-residential segment to hold a major market share
On the basis of construction types, the market is segregated as residential and non-residential. The non-residential is expected to constitute a key share of the market during the projected period due to increasing number of non-residential constructions. Layer of protection reduces the impact of weather on the exterior part of non-residential structure. This can increase the life span of the property and help in investing less in painting material.
Segments
The UAE architectural paints and coatings segmented on the basis of
Resin Types
- Epoxy
- Alkyd
- Polyurethane
- Acrylic
- Others
Technologies
- Water-borne
- Solvent-borne
Construction Types
- Residential
- Non-Residential
Country
Key Players
Competitive Landscape
The key players competing in the UAE architectural paints and coatings market are Caparol Paints.; JOTUN; National Paints Factories Co. Ltd.; Al Gurg Paints LLC (Oasis Paints); and Gulf Paints. Companies are focusing on expanding their distribution channels to expand their market share.
Request For Customization
Enquiry Before Buying
Speak With Analyst
