糖心vlog传媒

logo

GCC Paints and Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

GCC Paints and Coatings Market is Segmented by Resin Type (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Others), Technology (Water-borne, Solvent-borne, Radiation Cure, and Others), by End-user Industry (Architectural, Automotive, Wood, Industrial Coatings, Transportation, and Packaging), and Geography (Saudi Arabia, Qatar, Kuwait, United Arab Emirates, Bahrain, and Oman).

Home Market Analysis Chemicals & Materials Research Paints and Coatings Research GCC Paints Market

GCC Paints and Coatings Market Size

View Global Report
GCC Paints And Coatings Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR < 4.00 %
Market Concentration High

Major Players

GCC Paints And Coatings Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of GCC Paints & Coatings Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

GCC Paints and Coatings Market Analysis

The market for GCC paints and coatings is expected to grow at a CAGR of around 4% during the forecast period. One of the major factors driving the market studied is the Increasingfocus on tourism and construction.

  • Increase in demand for bio-based & eco-friendly paints & coatings is likely to act as an opportunity for the market studied.
  • Saudi Arabia is likely to dominate the market during the forecast period.
  • Water-borne technology is expected to witness the highest growth during the forecast period.

GCC Paints and Coatings Market Trends

This section covers the major market trends shaping the GCC Paints & Coatings Market according to our research experts:

Solvent-borne Technology to Witness the Highest Growth Rate

  • Solvent-borne paints are manufactured by using liquefying agents that evaporate during a chemical reaction with oxygen. The air surrounding a solvent-borne coating helps speed up the reaction, thereby reducing the drying time.
  • Solvent-borne coatings are less susceptible to environmental conditions, such as temperature and humidity, during the curing phase, when compared to water-based coatings. This is a major advantage, making solvent-based coatings, more preferable.
  • The growing applications of solvent-borne coatings for doors, cabinet and furniture, metal doors and railings, industrial equipment, and maintenance of steel structures have driven the market for solvent-based coatings and paints.
  • In the Middle East, the demand for solvent-borne coatings is increasing at a stagnant rate, due to the shift in preference toward water-borne coatings. This shift is majorly due to increasing environmental concerns, which led to governmental regulations being supportive of water-borne coatings, as they have a lower VOC content.
GCC Paints &Coatings Market, Revenue (%), by Technology, Global, 2018

Saudi Arabia to Dominate the Market

  • Saudi Arabia is the most active player in the Middle Eastern construction industry. The building activities in Saudi Arabia took place amid increased construction, especially in the industrial and commercial sectors in the local market, in keeping with the goals of the National Transformation Program 2020 and Saudi Vision 2030.
  • According to industrial statistics, the total revenue of the furniture and appliances market in 2019 is estimated to be nearly USD 830 million. The furniture industry is growing, with the support of the real estate development projects, followed by the rising demand for residential properties in the country. The revenue of the furniture and appliances market is likely to show an annual growth rate of 10.5% during 2019-2023, resulting in a market share of around USD 1,232 million by 2023.
  • Currently, the overall construction industry in the region is full of substantial opportunities, both for contractors and investors. Thisgrowing construction industry in the region is expected to drive the market for paints and coatings, in the coming years.
GCC Paints & Coatings Market, Revenue (%), by Country, Global, 2018

GCC Paints and Coatings Industry Overview

The market forGCC paints & coatings market is partially consolidated as the majority of the market share is divided among the few key players. Some of the major companies of the market includeAkzo Nobel N.V.,National Paints Factory,Jotun A/S,Wacker Chemie AG, and Jazeera Paints, among others.

GCC Paints and Coatings Market Leaders

  1. Akzo Nobel N.V.

  2. National Paints Factory

  3. Jotun A/S

  4. Jazeera Paints

  5. Wacker Chemie AG

*Disclaimer: Major Players sorted in no particular order

GCC Paints And Coatings Market Concentration
Need More Details on Market Players and Competitors?
Download PDF

GCC Paints and Coatings Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increased Focus on Tourism and Construction

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Resin Type

      1. 5.1.1 Acrylic

      2. 5.1.2 Alkyd

      3. 5.1.3 Polyurethane

      4. 5.1.4 Epoxy

      5. 5.1.5 Polyester

      6. 5.1.6 Other Resin Types

    2. 5.2 Technology

      1. 5.2.1 Water-borne

      2. 5.2.2 Solvent-borne

      3. 5.2.3 Radiation Cure

      4. 5.2.4 Other Technologies

    3. 5.3 End-user Industry

      1. 5.3.1 Architectural

      2. 5.3.2 Automotive

      3. 5.3.3 Wood

      4. 5.3.4 Industrial Coatings

      5. 5.3.5 Transportation

      6. 5.3.6 Packaging

    4. 5.4 Geography

      1. 5.4.1 Saudi Arabia

      2. 5.4.2 Qatar

      3. 5.4.3 Kuwait

      4. 5.4.4 United Arab Emirates

      5. 5.4.5 Bahrain

      6. 5.4.6 Oman

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Akzo Nobel NV

      2. 6.4.2 Jazeera Paints

      3. 6.4.3 BASF SE

      4. 6.4.4 Beckers Group

      5. 6.4.5 Asian Paints Berger

      6. 6.4.6 Caparol

      7. 6.4.7 Jotun

      8. 6.4.8 RPM International Inc.

      9. 6.4.9 PPG Industries Inc.

      10. 6.4.10 Terraco UAE Ltd

      11. 6.4.11 Thermalite Middle East

      12. 6.4.12 Wacker Chemie AG

      13. 6.4.13 National Paints Factories Co. Ltd

      14. 6.4.14 Hempel A/S

      15. 6.4.15 Premier Paints Company Limited (The Sherwin-Williams Company)

      16. 6.4.16 Ritver Paints & Coatings

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increase in Demand for Bio-based & Eco-friendly Paints & Coatings

    2. 7.2 Other Opportunities

**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

GCC Paints and Coatings Industry Segmentation

GCC paints & coatings market report includes:

Resin Type
Acrylic
Alkyd
Polyurethane
Epoxy
Polyester
Other Resin Types
Technology
Water-borne
Solvent-borne
Radiation Cure
Other Technologies
End-user Industry
Architectural
Automotive
Wood
Industrial Coatings
Transportation
Packaging
Geography
Saudi Arabia
Qatar
Kuwait
United Arab Emirates
Bahrain
Oman
Need A Different Region Or Segment?
Customize Now

GCC Paints and Coatings Market Research FAQs

The GCC Paints & Coatings Market is projected to register a CAGR of less than 4% during the forecast period (2024-2029)

Akzo Nobel N.V., National Paints Factory, Jotun A/S, Jazeera Paints and Wacker Chemie AG are the major companies operating in the GCC Paints & Coatings Market.

The report covers the GCC Paints & Coatings Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the GCC Paints & Coatings Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

GCC Paints and Coatings Industry Report

Statistics for the 2024 GCC Paints and Coatings market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. GCC Paints and Coatings analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

GCC Paints and Coatings Market Report Snapshots

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

GCC Paints and Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)