Saudi Arabia Paint and Coating Market

Saudi Arabia Paint and Coating Market - By Resin Type (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester); By Product Type (Decorative Paints & Coatings, Industrial Paints & Coatings); By Technology (Water-based, Solvent-based, Powder-based); By End-Use Industries (Architectural, Automotive, Protective Coatings Market, General Industrial, Transportation), Trend Analysis, Competitive Landscape & Forecast, 2019–2029


Saudi Arabia Paint and Coating Market Size Set to Reach USD 1.6 Billion by 2029

Saudi Arabia paint and coating market is growing due to increasing construction activities, rapid urbanization, spurring demand for decorative and protective coatings, the government’s initiatives supporting infrastructure development, and the expansion of the industrial sector in the country.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Saudi Arabia paint and coating market size at USD 1,254.23 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects Saudi Arabia paint and coating market size to grow at a CAGR of 3.65% reaching a value of USD 1,599.95 million by 2029. A growing need for environmentally friendly and sustainable coatings, driven by rising environmental consciousness and legislation, is the main driver fueling the growth of the Saudi Arabian paint & coating market. To address these expectations, producers are spending money on research and development to produce low-VOC and water-based coatings. Another trend that has increased demand for decorative and protective coatings is the expansion of the construction and infrastructure sectors. Additionally, there is a rising trend towards sophisticated coatings with improved toughness, resilience to the elements, and self-cleaning capabilities. Powder coatings have been used more frequently in a variety of industries, according to the market. Overall, the Saudi Arabia paint and coating industry is moving towards more environmentally friendly and high-performing products.

Saudi Arabia Paint and Coating Market – Overview


Paints and coatings serve a dual purpose of adorning and safeguarding various structures, including buildings, cars, appliances, and machinery. The realm of decorative paints and coatings relies significantly on the construction industry's performance, whereas protective paints and coatings are closely tied to automobiles, major appliances, and industrial equipment. Within the domain of architectural coatings, there is a range of products such as indoor and outdoor house paints, primers, sealers, varnishes, and stains. These are made available to contractors, the general public, and large commercial accounts through retail and wholesale outlets, as well as through direct sales. On the other hand, industrial coatings encompass automotive paints, can coatings, coil coatings, furniture finishes, and road-marking paints, primarily distributed directly to end users.

Impact of COVID-19 on Saudi Arabia Paint and Coating Market

The COVID-19 pandemic significantly impacted the Saudi paint and coating market, presenting a challenging landscape for the industry. Stringent lockdown measures disrupting supply chains and reduced construction activities have caused a decline in demand for paints and coatings. The market experienced a temporary halt in projects, leading to a decline in revenue and profitability for key players. However, as the country gradually recovers and restrictions ease, the market is poised for a slow but steady recovery. With increased vaccinations and the resumption of construction projects, the Saudi Arabia Saudi paint and coating market is expected to regain its momentum in the coming months, albeit with continued vigilance.

Saudi Arabia Paint and Coating Market – By Resin type

On the basis of resin type, Saudi Arabia paint and coating market is divided into Acrylic, Alkyd, Polyurethane, Epoxy, and Polyester segments. Acrylic is the largest resin type segment in the market. Acrylic paints and coatings are widely used due to their versatility, durability, and excellent color retention properties. They are commonly utilized in architectural, automotive, and industrial applications. With their ability to adhere to various surfaces and provide a smooth finish, acrylic paints, and coatings have gained significant popularity in the Saudi Arabia market. The demand for acrylic paints and coatings is driven by the growing construction sector and increased industrial activities, making it the dominant segment in the country's paint and coating industry.

Competitive Landscape

Saudi Arabia paint and coating market is significantly competitive. Major companies in the market include Kansai Paints Co. Ltd, National Paints Factories Co., Ltd, Zamil Industrial Coatings, Protech Powder Coatings, Inc., Akzo Nobel N.V., Jotun A/S, The Sherwin-Williams Company, BASF SE, Jazeera Paints, and United Coating Industries. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position Saudi Arabia paint and coating market.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Saudi Arabia Paint and Coating Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Saudi Arabia Paint and Coating Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.


1. Research Framework
1.1. Research Objective
1.2. Resin Product Type Overview
1.3. Market Segmentation
2. Executive Summary
3. Saudi Arabia Paint and Coating Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Increasing demand from the architecture industry
3.2.1.2. Growth and expansion of the construction industry
3.2.1.3. Increasing implementation of favorable government policies
3.2.2. Restraints
3.2.2.1. Volatility in raw material prices
3.2.2.2. Limited adoption of advanced coating technologies
3.2.3. Opportunities
3.2.3.1. Industrial expansion and diversification
3.2.3.2. Surging green building initiatives
3.2.4. Challenges
3.2.4.1. Intense market competition
3.2.4.2. High dependence on the oil sector
3.3. Technological Advancement/Recent Development
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Saudi Arabia Paint and Coating Market Overview
4.1. Market Size & Forecast, 2019–2029
4.1.1. By Value (USD Million)
4.2. Market Share & Forecast
4.2.1. By Resin Type
4.2.1.1. Acrylic
4.2.1.2. Alkyd
4.2.1.3. Polyurethane
4.2.1.4. Epoxy
4.2.1.5. Polyester
4.2.1.6. Other
4.2.2. By Product Type
4.2.2.1. Decorative Paints & Coatings
4.2.2.2. Industrial Paints & Coatings
4.2.3. By Technology
4.2.3.1. Water-based
4.2.3.2. Solvent-based
4.2.3.3. Powder-based
4.2.3.4. Others
4.2.4. By End User Industries
4.2.4.1. Architectural
4.2.4.2. Automotive
4.2.4.3. Protective Coatings Market
4.2.4.4. General Industrial
4.2.4.5. Transportation
4.2.4.6. Other
5. Competitive Landscape
5.1. List of Key Players and Their Range
5.2. Saudi Arabia Paint and Coating Company Market Share Analysis, 2022
5.3. Competitive Benchmarking, By Operating Parameters
5.4. Key Strategic Development (Merger, Acquisition, Partnership)
6. Impact of Covid-19 on Saudi Arabia Paint and Coating Market Industry
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook, SWOT Analysis)
7.1. Kansai Paints Co. Ltd
7.2. National Paints Factories Co., Ltd
7.3. Zamil Industrial Coatings
7.4. Protech Powder Coatings, Inc.
7.5. Akzo Nobel N.V.
7.6. Jotun A/S
7.7. The Sherwin-Williams Company
7.8. BASF SE
7.9. Jazeera Paints
7.10. United Coating Industries
7.11. Other prominent players
8. Key Strategic Recommendations
9. Research Methodology
9.1. Qualitative Research
9.1.1. Primary & Secondary Research
9.2. Quantitative Research
9.3. Market Breakdown & Data Triangulation
9.3.1. Secondary Research
9.3.2. Primary Research
9.4. Breakdown of Primary Research Respondents
9.5. Assumption & Limitation
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
Figure 1 Saudi Arabia Paint and Coating Segmentation
Figure 2 Saudi Arabia Paint and Coating Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 Saudi Arabia Paint and Coating Market Size, By Value (USD Million), 2019–2029
Figure 5 Saudi Arabia Paint and Coating Market Share, By Resin Type, By Value, 2019–2029
Figure 6 Saudi Arabia Paint and Coating Market Share, By Product Type, By Value, 2019–2029
Figure 7 Saudi Arabia Paint and Coating Market Share, By Technology, By Value, 2019–2029
Figure 8 Saudi Arabia Paint and Coating Market Share, By End User Industries, By Value, 2019–2029
List of Tables
Table 1 Saudi Arabia Paint and Coating Market Share, By Resin Type, By Value, 2019–2029
Table 2 Saudi Arabia Paint and Coating Market Share, By Product Type, By Value, 2019–2029
Table 3 Saudi Arabia Paint and Coating Market Share, By Technology, By Value, 2019–2029
Table 4 Saudi Arabia Paint and Coating Market Share, By End User Industries, By Value, 2019–2029
Table 5 Kansai Paints Co. Ltd Company Overview
Table 6 Kansai Paints Co. Ltd Financial Overview
Table 7 National Paints Factories Co., Ltd Company Overview
Table 8 National Paints Factories Co., Ltd Financial Overview
Table 9 Zamil Industrial Coatings Company Overview
Table 10 Zamil Industrial Coatings Financial Overview
Table 11 Protech Powder Coatings, Inc. Company Overview
Table 12 Protech Powder Coatings, Inc. Financial Overview
Table 13 Akzo Nobel N.V. Company Overview
Table 14 Akzo Nobel N.V. Financial Overview
Table 15 Jotun A/S Company Overview
Table 16 Jotun A/S Financial Overview
Table 17 The Sherwin-Williams Company - Company Overview
Table 18 The Sherwin-Williams Company Financial Overview
Table 19 BASF SE Company Overview
Table 20 BASF SE Financial Overview
Table 21 Jazeera Paints Company Overview
Table 22 Jazeera Paints Financial Overview
Table 23 United Coating Industries Company Overview
Table 24 United Coating Industries Financial Overview

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