Markntel Advisors, a leading consulting, data analytics, and market research firm, recently published an analytical report description that describes the recent achievements and developments of prominent players including new launching of innovative products, strategic collaborations, or partnerships, that bolster the growth of the Saudi Arabia Paints & Coatings market. The research report on the Saudi Arabia Paints & Coatings Market presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts.
The report further comprises, “Saudi Arabia Paints & Coatings Market Research Report: Forecast (2025-2030)”,
The 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.
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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.
Saudi Arabia Paints & Coatings Market Analysis Based On Segment, Geography
The Saudi Arabia Paints & Coatings market is segmented into significant segments based on:
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.
Read Detailed Index of full Research Study at – https://www.marknteladvisors.com/research-library/saudi-arabia-paints-coatings-market.html
Top Companies Essentially Working in Saudi Arabia Paints & Coatings Market
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.
Frequently Asked Questions (FAQs)-
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What leading factors would propel and impede the industry across the geography?
- How has the industry been evolving in terms of geography & Saudi Arabia Paints & Coatings adoption?
- How has the competition been shaping up across the geography?
6. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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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.
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