Saudi Arabia Paints & Coatings Market Overview, 2028

Saudi Arabia Paints & Coatings Market Overview, 2028

Saudi Arabia's industrial landscape includes a flourishing and active industry called the paints and coatings business. It offers a wide variety of cutting-edge coatings that are of the highest calibre and are made to fulfil the particular requirements of diverse industries. Additionally, it supports the nation's sustainable development objectives by embracing environmentally friendly coatings that adhere to strict laws. The paints and coatings industry is poised to play a significant role in determining the future of Saudi Arabia as the country moves forward with ambitious infrastructure projects, diversifies its economy, and promotes innovation. The market provides unmatched solutions, aesthetics, and protection for a variety of industries and applications. For residential, commercial, and municipal infrastructure projects, the market offers a wide variety of decorative and protective coatings. The demand for high-quality coatings that offer durability, aesthetic appeal, and protection against harsh climatic conditions is still strong as Saudi Arabia experiences significant urbanisation and construction activities.

According to the research report Saudi Arabia Paints and Coatings Market Overview, 2028, published by Bonafide Research, the Saudi Arabia Paints and Coatings market is expected to add more than $601 million by 2023-2028. Saudi Arabia's paint and coating market culture is impacted by a variety of elements, such as conventional aesthetics, cultural preferences, and changing trends. Islamic customs and the Kingdom's rich cultural past both have a big impact on how the market operates. The choice of paints and coatings for residential and commercial structures is greatly influenced by traditional architecture, which is characterised by ornate designs, complicated patterns, and vivid colours. To stay connected to the area's history, earthy hues like beige, terracotta, and ochre are frequently chosen. Modern and contemporary designs have received more attention lately, reflecting the Kingdom's desire for development and innovation. This change has raised demand for streamlined, minimalist, and neutral colour schemes, which are frequently supplemented with premium coatings that offer durability and a polished appearance. Additionally, metallic finishes and textured coatings are becoming more popular, which provide indoor and exterior areas with depth and aesthetic intrigue.

The market for paints and coatings in Saudi Arabia is characterised by the coexistence of international firms and regional producers. Companies like Saudi Paint Company, National Paints, Hempel Saudi Arabia, and Jotun Saudi Arabia are major players in the sector. Along with a broad selection of items, these businesses also provide technical know-how and post-purchase assistance. The Saudi Arabian paints and coatings industry has rising segments in the marine and aerospace industries. The Kingdom's marine industry depends on specialised coatings to shield ships, offshore structures, and port infrastructure from corrosion, fouling, and severe marine environments because of its extensive coastline and ambitious maritime projects. Coatings are used on aircraft external surfaces in the aerospace industry to provide aerodynamic performance, corrosion prevention, and aesthetic appeal.

A wide variety of products are available in the Saudi Arabian paint and coating market to satisfy various needs and applications. Due to their low VOC content, environmental friendliness, and simplicity of usage, waterborne coatings are frequently used. Industrial applications use solvent-borne coatings, whereas metal surfaces use powder coatings. Due to their short drying time, excellent adhesion, and chemical resistance, UV-cured coatings have grown in popularity. These coatings offer options for sustainability, protection, and aesthetic improvement across a range of industries. Due to their superior weather resistance, adhesion, and colour retention qualities, acrylic resins are utilised in architectural coatings, while alkyd resins are employed in ornamental and industrial coatings. Since they are chemically resistant and adhere well to surfaces, epoxy resins are employed in protective coatings. Exterior coatings and car finishes both use polyester polymers. Superior strength, abrasion resistance, and flexibility are all features of polyurethane resins. For their outstanding chemical resistance and weatherability, fluoropolymer resins are well known. Due to their exceptional adherence and resilience to abrasion and solvents, vinyl resins are used in a variety of coatings.

Mandatory standards are established for paints and coatings by the Saudi Standards, Metrology, and Quality Organisation (SASO), which include a variety of topics including product requirements, labelling specifications, and performance standards. The Saudi Arabian General Investment Authority (SAGIA) also has a significant impact on industry regulation and investment facilitation. The implementation of environmental rules, which include restrictions on volatile organic compounds (VOCs) in coatings to lessen their influence on air quality, reflects the government's commitment to sustainability. Setting regulatory standards for paints and coatings is largely the responsibility of the Saudi Arabian Standards, Metrology, and Quality Organisation (SASO). These regulations encompass things like product requirements, labelling specifications, and performance standards. Additionally, SASO offers certification services to suppliers and manufacturers to confirm adherence to the required standards. The Saudi Arabian Quality Mark (SASO Quality Mark), which certifies that a product complies with all applicable Saudi standards, is another well-known certification on the market.

Considered in this report:
• Geography: Saudi Arabia
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• Saudi Arabia Paints and Coatings Market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product Type:
• Waterborne Coatings
• Solvent borne Coatings
• Powder Coatings
• UV Cured Coatings
• Others Segment Includes (Speciality Coating (Primer, Topcoat, Undercoat, etc.), Electron Beam Cure coating, High Solids Coatings, etc.)

By Application Type:
• Architectural
• Industrial

By Resin Type:
• Acrylic
• Alkyd
• Epoxy
• Polyester
• Polyurethane
• Fluoropolymers
• Vinyl
• Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us. We have started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to paints and coatings industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.