Saudi Arabia Paints & Coatings Market - Segmented by Product Type, End-User, Protective Coatings, Consumer Type in Architecture and Geography – Growth, Trends and Forecasts (2017 - 2022)
The Saudi Arabia paints & coating market is expected to be worth USD XX million in 2016. This market is expected to reach USD XX million by 2022, at an estimated CAGR of XX% during the forecast period of 2017-2022. In terms of volume, the market stood at XX kilo tons in 2016 and is expected to reach XX kilo tons in 2022, at a CAGR of XX% during the forecast period, 2017-2022.
Saudi Arabia accounts for more than half of paints & coatings consumption in GCC countries. The market in the Saudi Arabia is just beginning to emerge as a growing market, owing to the large-scale construction projects that are being undertaken. A considerable amount of research is being done on how to reduce the environmental impact of marine coatings during the ship life cycle. With the emergence of green buildings and nano-coatings, the world is a step closer to becoming a healthier and safer place to live in. Near-infrared (NIR) coatings and tiles reduce heating of dark-colored surfaces on roofs and facades. Sun-reflective building materials help achieve a reduction of cooling loads and improve thermal comfort. They are often seen in roofing; there are also tentative applications for facades.
An increasing population, a growing demand for new houses due to the rising number of nuclear families, an increasing market for automobiles, and growing urbanization in the country is propelling the growth of the paints & coatings market. However, stringent regulations of environmental protection resulting in less number of approvals is hindering the growth of this market.
The Saudi Arabia pants & coatings market is segmented on the basis of product type, and end-user industry. By product type, the market has been segmented into alkyd (architectural & industrial), polyurethane, epoxy, zinc, and others. By end-user industry, the market is segment into industrial and architectural. These both segments are further segmented into - industrial (automotive, marine, consumer durables, industrial wood, and others) and architectural (interior & exterior wall; wood finishes; primers, fillers, & top coats; floor coatings; enamel, putty & others). The Saudi Arabia protective coatings segment has been segmented into coil coatings, heat-resistant coatings, anti-fouling coatings, corrosion protective coatings, and others.
Opportunities and Major Players
Furthermore, the rising demand for eco-friendly paints & coatings is anticipated to offer numerous opportunities for the growth of the Saudi Arabia paints & coatings market. Some of the major companies dominating this market are
• AkzoNobel N.V
• Caparol (DAW)
• Sherwin Williams
• Sigma (PPG) Paints
• Al-Jazeera Factory for Paints
• Kansai Paints Co., Ltd
Key Deliverables in the Study
• Market analysis for the Saudi Arabia paints & coatings market, with region-specific assessments and competition analysis on country scale.
• Market definition along with the identification of factors instrumental in changing the market scenario and prospective opportunities.
• Extensively researched competitive landscape section with profiles of major companies along with their market share.
• Identification and analysis of the macro and micro factors that affect the Saudi Arabia paints & coatings market on country scale.
• A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
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