Saudi Arabia Solvent Borne Coatings Market Overview, 2028

Saudi Arabia Solvent Borne Coatings Market Overview, 2028

One of the greatest economies in the Middle East, Saudi Arabia, has experienced rapid expansion in its manufacturing sector. The demand for solvent-borne coatings in the nation has increased as a result of this rise. The coatings are widely used in industries like furniture, automotive, construction, marine, and aerospace, among others. The market for solvent-borne coatings in Saudi Arabia is dominated by the automobile sector. Solvent-borne coatings are frequently utilised for car refinishing, protection, and cosmetic improvement in the nation, which has a sizable automobile manufacturing industry. Another significant user of solvent-borne coatings is the building sector, where they are applied for architectural coatings, protective coatings, and infrastructure development. The strategic location and large coastline of Saudi Arabia significantly contribute to the marine industry's demand for solvent-borne coatings. The coatings are used in ship construction, maintenance, and for maritime environment preservation. Solvent-borne coatings for aircraft interiors, exteriors, and protective coatings are also advantageous to the aerospace sector.

According to the report title, “Saudi Arabia Solvent Borne Coatings Market Overview, 2028”, publish by Bonafide research, the market is anticipated to add USD 217 Million from 2022 to 2028. The Saudi Arabia solvent-borne coatings market is heavily reliant on oil-based solvents. Given the country's abundant oil reserves, these solvents are readily available and relatively inexpensive compared to alternative options. The construction industry is a major consumer of solvent-borne coatings in Saudi Arabia. The coatings are used for architectural coatings, protective coatings, and infrastructure development, driven by the country's ongoing construction projects and urbanization efforts. Coating manufacturers in Saudi Arabia are actively investing in research and development to develop environmentally friendly solvent-borne coatings. This includes reducing VOC content and developing innovative formulations that meet regulatory requirements and align with sustainable practices. Saudi Arabia, like many countries, is implementing stricter regulations on VOC emissions from solvent-borne coatings. This has prompted manufacturers to explore alternative coatings such as water-borne and powder coatings, which have lower VOC content and are considered more environmentally friendly. The Saudi Arabia solvent-borne coatings market offers collaboration opportunities for international coating companies. The Saudi Arabian government has been investing heavily in infrastructure development, including the construction of new cities, transportation networks, and industrial complexes. This ongoing infrastructure growth translates into a sustained demand for solvent-borne coatings in the country. Also, the automotive industry in Saudi Arabia is witnessing significant growth, with increased production and domestic consumption of vehicles. This surge in automotive manufacturing and refinishing activities contributes to the demand for solvent-borne coatings for vehicle protection, refinishing, and aesthetic enhancement. With its strategic location and well-established transportation networks, Saudi Arabia's solvent-borne coatings market has the potential to serve as an export hub for the Middle East and neighboring regions. Coating manufacturers can leverage the country's infrastructure and logistics capabilities to expand their reach beyond domestic boundaries. Additionally, The Saudi Arabian market is gradually adopting advanced technologies and application methods for solvent-borne coatings. This includes automated coating systems, spray technologies, and improved application techniques, resulting in enhanced efficiency, productivity, and coating quality.

Saudi Arabia's solvent-borne coatings market serves as a regional trade hub, supplying coatings to neighboring countries in the Gulf Cooperation Council (GCC) region. The country's strategic location and well-established logistics infrastructure make it an attractive distribution center. The Kingdom's Vision 2030 initiative and its focus on economic diversification have led to the development of mega projects. These projects, such as NEOM, Qiddiya, and the Red Sea Development, present significant opportunities for the solvent-borne coatings market, as they require high-quality coatings for their construction and infrastructure needs. Saudi Arabia is actively promoting industrialization and attracting foreign direct investments in various sectors, including petrochemicals, automotive, and manufacturing. This industrial growth generates a steady demand for solvent-borne coatings for equipment, machinery, and industrial applications. The extreme climate conditions in Saudi Arabia, including high temperatures, sandstorms, and saltwater exposure, necessitate the use of protective coatings. Solvent-borne coatings are favored for their ability to provide effective corrosion resistance and weathering protection in these challenging environments. Saudi Arabia has a skilled workforce trained in coating application and surface preparation techniques. Training centers and vocational institutes provide specialized training programs to develop a skilled labor force capable of handling coating projects across various industries.
In the Saudi Arabia solvent-borne coatings market, several leading brands and companies offer a wide range of coating products. Some prominent brands that have a presence in the market are National Paints, Jotun, Sherwin-Williams, Hempel, Berger Paints, Sigma Paints, Al-Jazeera Paints, Kansai Paint. Despite solvent-borne coatings popularity, there is rising worry about their impact on the environment because of the volatile organic compounds (VOCs) that solvents contain. There are more laws targeted at lowering VOC emissions because they contribute to air pollution. As a result, more applications are turning to water-borne coatings and other environmentally friendly materials. Coating producers in Saudi Arabia are investing in R&D to create low- or zero-VOC solvent-borne coatings in order to allay these worries. Opportunities for innovation and commercial expansion in the nation are presented by this emphasis on sustainability and regulatory compliance. In a nutshell the automotive, construction, marine, and aerospace industries all rely heavily on the Saudi Arabia solvent-borne coatings market. While solvent-borne coatings have good performance characteristics, low-VOC alternatives are being developed and environmental sustainability is becoming a bigger priority. As businesses continue to seek high-quality coatings while adhering to growing environmental requirements, the market is anticipated to experience considerable expansion.

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 Solvent Borne 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 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 solvent borne 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.