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Saudi Arabia Paints and Coatings Market Size, Growth | 2031

Saudi Arabia Paints and Coatings Market

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Segments - by Resin Types (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Other Resin Types), End-user Industries (Architectural, Automotive, Protective Coatings Market, General Industrial, Transportation, and Other End-user Industries) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author :

Riddhesh Dani

Fact-checked by :

Harneet Meher

Editor :

Shruti Bhat

Report Description

The Saudi Arabia paints and coatings market was valued at USD 1.36 Billion in 2022 and is likely to reach USD 1.83 Billion by 2031, expanding at a CAGR of 3.38% during the forecast period, 2023–2031. The growth of the market is attributed to increased government assistance.

Paints and coatings are described as a liquid substance that dries to create a solid, cohesive, adhesive, ornamental, and protective layer when applied as a thin film over a surface. Paints and coatings are widely used as ornamental and protective coatings in the architectural sector. Paints and coatings are liquid, solvent, or powder-based materials that are used to impart aesthetic and protective finishes to various surfaces.

Surfaces are protected by paints and coatings against corrosion, weathering, mechanical damage, heat, and temperature. There are two types of paint: volatile and non-volatile. Organic solvents, water, and other age-related paint compounds are examples of volatile paint products. Binders, resins, plasticizers, paint additives, dyes, pigments, and extenders are examples of non-volatile paint materials.

COVID-19 had a negative influence on the market in 2020. Because of the epidemic, the country was put under lockdown, which suspended all industrial and building operations, lowering demand for paints and coatings. However, it is predicted that the situation would improve in 2021, resuming the market's growth trajectory.

Paints And Coatings Market Trends, Drivers, Restraints, and Opportunities

Increased residential building activities with government assistance is expected to fuel market growth in the coming years.
Growing tourism in the country is estimated to spur market growth during the forecast period.
Suspension of oil and gas production for an indefinite duration is anticipated to hinder market expansion.

Scope of the Paints And Coatings Market Report

The report on the Saudi Arabia 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	Paints and Coatings Market - Saudi Arabia Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Resin Types (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Other Resin Types) and End-user Industries (Architectural, Automotive, Protective Coatings Market, General Industrial, Transportation, and Other End-user Industries)
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Akzo Nobel N.V., BASF SE, Jazeera Paints, Jotun A/S, Kansai Paints Co., Ltd., National Paints Factories Co. Ltd., Protech Powder Coatings, Inc., The Sherwin-Williams Company, Zamil Industrial Coatings, and United Coating Industries

Paints And Coatings Market Segment Insights

Acrylic segment is projected to account for a large market share

On the basis of resin types, the Saudi Arabia paints and coatings market is bifurcated into acrylic, alkyd, polyurethane, epoxy, polyester, and other resin types. The acrylic segment is expected to account for a key share of the market in the coming years owing to its widespread use in the painting and coatings market. Acrylic resins also develop characteristics in coating solutions such as transparency, excellent colourability, and UV resistance.

They are frequently utilized in waterborne systems, resulting in minimal VOC emissions. Acrylic coatings produce a high level of surface hardness. Acrylic coatings give elastomeric finishes to increase the UV resistance of the surface when used with certain fluids in certain applications, such as walls, decks, and roofs.

Acrylic paints are available in a variety of forms, including emulsions (latices), lacquers (lower volume solids), enamels (greater volume solids), and powders (100 per cent solids). Acrylic polymers, such as methyl and butyl methacrylate, come in a wide range of types and combinations. Polyvinyl acetate is the most common material used in low-cost paints. The thermoplastic and thermoset types of acrylics are the most common.

Acrylic resins for thermoplastics are synthetic resins made by polymerizing various acrylic monomers. Thermosets are cured by interacting with other polymers at high temperatures. Solution acrylics and acrylic latex coatings are two kinds of thermoplastic acrylic resins. Acrylic is the most used binder in Saudi Arabia's paints and coatings sector, accounting for more than 70% of all aqueous coatings. Architectural coatings commonly utilize acrylic.

Architectural segment is expected to grow at a robust pace

In terms of end-user industries, the Saudi Arabia paints and coatings market is segmented into architectural, automotive, protective coatings market, general industrial, transportation, and other end-user industries. The architectural segment is expected to account for a key share of the market during the forecast period owing to increasing demand for interiors.

Because of the wetness, bathroom walls, for example, must be wipeable to keep them clean. Paints with a higher gloss sheen have a tighter molecular structure than flat paints, making moisture penetration more difficult. As a result, these paints are utilized in bathrooms.

Segments

The Saudi Arabia paints and coatings market has been segmented on the basis of

Resin Types

Acrylic
Alkyd
Polyurethane
Epoxy
Polyester
Other Resin Types

End-user Industries

Architectural
Automotive
Protective Coatings Market
General Industrial
Transportation
Other End-user Industries

Key Players

Akzo Nobel N.V.
BASF SE
Jazeera Paints
Jotun A/S
Kansai Paints Co., Ltd.
National Paints Factories Co. Ltd.
Protech Powder Coatings, Inc.
The Sherwin-Williams Company
Zamil Industrial Coatings
United Coating Industries

Competitive Landscape

Key players competing in the Saudi Arabia paints and coatings market include Akzo Nobel N.V., BASF SE, Jazeera Paints, Jotun A/S, Kansai Paints Co., Ltd., National Paints Factories Co. Ltd., Protech Powder Coatings, Inc., The Sherwin-Williams Company, Zamil Industrial Coatings, and United Coating Industries.

Saudi Arabia Paints and Coatings Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Paints and Coatings Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Paints and Coatings Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Paints and Coatings Market - Supply Chain
  4.5. Global Paints and Coatings Market Forecast
     4.5.1. Paints and Coatings Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Paints and Coatings Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Paints and Coatings Market Absolute $ Opportunity
5. Global Paints and Coatings Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Paints and Coatings Market Size and Volume Forecast by End Users
     5.3.1. Architectural Automotive Protective Coatings Market General Industrial Transportation
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Paints and Coatings Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Paints and Coatings Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Paints and Coatings Demand Share Forecast, 2019-2026
7. North America Paints and Coatings Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Paints and Coatings Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Paints and Coatings Market Size and Volume Forecast by End Users
     7.4.1. Architectural Automotive Protective Coatings Market General Industrial Transportation
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Paints and Coatings Demand Share Forecast, 2019-2026
8. Latin America Paints and Coatings Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Paints and Coatings Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Paints and Coatings Market Size and Volume Forecast by End Users
     8.4.1. Architectural Automotive Protective Coatings Market General Industrial Transportation
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Paints and Coatings Demand Share Forecast, 2019-2026
9. Europe Paints and Coatings Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Paints and Coatings Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Paints and Coatings Market Size and Volume Forecast by End Users
     9.4.1. Architectural Automotive Protective Coatings Market General Industrial Transportation
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Paints and Coatings Demand Share Forecast, 2019-2026
10. Asia Pacific Paints and Coatings Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Paints and Coatings Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Paints and Coatings Market Size and Volume Forecast by End Users
     10.4.1. Architectural Automotive Protective Coatings Market General Industrial Transportation
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Paints and Coatings Demand Share Forecast, 2019-2026
11. Middle East & Africa Paints and Coatings Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Paints and Coatings Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Paints and Coatings Market Size and Volume Forecast by End Users
     11.4.1. Architectural Automotive Protective Coatings Market General Industrial Transportation
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Paints and Coatings Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Paints and Coatings Market: Market Share Analysis
  12.2. Paints and Coatings Distributors and Customers
  12.3. Paints and Coatings Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Akzo Nobel N.V. BASF SE Jazeera Paints Jotun A/S Kansai Paints Co., Ltd.

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