Saudi Arabia Paints & Coatings Market Report 2024-30: Analysis of Market Size, CAGR, Profitable Segments, and Leading Regions
This strategic assessment report, from Markntel Advisors, on Saudi Arabia Paints & Coatings Market provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, and more market dynamics. The report chapters analyze the industry in the most detailed manner in order to provide a panoramic view of the market.
Market Insights
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., 2024-30.
The report covers the market spread across
– North and Central
-West
-East
-South
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Market Dynamics
The report is compiled systematically and methodically, with each section neatly covering its essence and influence in the market. Likewise, the report provides a credible selection of market dynamics consisting of the following major pillars of the industry’s study.
- Market Drivers
- Market Restraints
- Growth Opportunities
- Challenges
- Market Trends
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.
Significant Market Advancement
Along with the competitor’s analysis, the report also provides significant market developments, including joint initiatives, R&D, new product launches, new major product modifications, joint ventures, and connections between key market participants. The study includes the major companies
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Sak Coat
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
The Sherwin-Williams Company
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
United Coatings Industries
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Segmentation-Wise, Scope of The Market
The Saudi Arabia Paints & Coatings Market is diversely fragmented and spread across various bifurcations. The report aims to categorize and systematically present the data in an organized, easy-to-interpret format by dividing the bifurcations into segments. Each segment is then further presented with historical data, market growth, expansion, technological advancement, and other factors affecting it. The prediction of its future growth depends on current trends and further development. The industry segmentations bifurcate across the following segments:
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)
Key Offerings:
- What is the current trajectory of cost and profit estimations in the Saudi Arabia Paints & Coatings Industry?
- How do factors like supply and consumption shape the landscape of the industry?
- In what ways do import and export considerations impact the dynamics of the Saudi Arabia Paints & Coatings Industry?
- Which technological advancements are anticipated to shape the future of the Saudi Arabia Paints & Coatings Market?
- Who are the noteworthy players highlighted in the Saudi Arabia Paints & Coatings Market research report?
- What are the anticipated USD valuations and the CAGR for the forecasted years?
About MarkNtel Advisors
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfilled their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.
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