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Saudi Arabia Industrial Coatings Market - Segmented by Type, Technology, and Resin - Growth, Trends, and Forecast (2018 - 2023)

Saudi Arabia Industrial Coatings Market - Segmented by Type, Technology, and Resin - Growth, Trends, and Forecast (2018 - 2023)

Saudi Arabia industrial coatings market was valued at 114.17 kilo metric ton by volume and USD 508.03 million by revenue, in 2017 and is expected to register a CAGR of 3.52% in terms of revenue during the forecast period, 2018 to 2023. Increasing private investment participation along with growing oil & gas sector are expected to drive the market in the forecast period.

Growing Oil & Gas Sector is Driving the Market

The Kingdom of Saudi Arabia has the second-largest oil reserves in the world, accounting for almost 266 billion barrels. According to Saudi Aramco, in 2015, it discovered three new oilfields and two non-associated gas fields, which had a production capacity of 12 million barrels per day, and is, expected to maintain the capacity through 2020. In 2016, the company produced 10.5 million barrels of crude oil and at the same time, the total petroleum and natural gas hydrocarbon production rose by over 3%.

Solvent-Borne Technology – The Dominant Technology Type

Solvent borne coatings dominates the technology sector and accounted for about 60% of the overall industrial coatings market in 2017. Solvent-borne coatings 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. The growing application of solvent-borne coating, as wood coating for doors, cabinet, and furniture, along with other applications, such as metal doors and railings, industrial equipment, and the maintenance of steel structures, is boosting the market for solvent-based coatings.

Major Players: National Paints Factories Co. Ltd, Al-Jazeera Factory for Paints Co., and Jotun, amongst others.

Reasons to Purchase this Report

Analyze how the growing automotive production & sales will drive the market
Analyze various perspectives of the market with the help of Porter’s five forces analysis
The product type that is expected to dominate the market
The region that is expected to witness fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet in excel

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1. Introduction
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value-Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 PESTEL Analysis
4. Market Dynamics
4.1 Drivers
4.1.1 Increasing Private Investment Participation
4.1.2 Growing Oil & Gas Sector
4.2 Restraints
4.3 Opportunities
4.3.1 Rising Demand for Eco-friendly Products
4.3.2 Upcoming Infrastructure Projects to Boost the Demand
5. Market Segmentation and Analysis (Market Size, Share, and Forecast)
5.1 By Type
5.1.1 General Industrial
5.1.2 Protective Oil & Gas Mining Power Infrastructure Others
5.2 By Technology
5.2.1 Water-borne
5.2.2 Solvent-borne
5.2.3 Radiation-cured Coatings
5.2.4 Powder Coatings
5.3 By Resin Type
5.3.1 Epoxy
5.3.2 Polyester
5.3.3 Vinyl Ester
5.3.4 Polyurethane
5.3.5 Others
6. Competitive Landscape
6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
7. Company Profiles (Overview, Financials**, Products & Services, Recent Developments, and Analyst View)
7.1 AkzoNobel
7.2 Al Jazeera Paints
7.3 Axalta Coating Systems
7.5 Jotun
7.6 Kansai Paints
7.7 National Paints Factory Co. Ltd
7.8 PPG Industries (Sigma Paints)
7.9 Protech Powder Coatings
7.10 Sak Coat
7.11 Sherwin Williams
7.12 United Coatings Industries
7.13 Zamil Industrial Coatings (ZINDCO)
...List not exhaustive
8. Disclaimer
**Subject to availability on public domain

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