The Saudi Arabia Paints and Coatings Market size is estimated at USD 1.40 billion in 2023, and is expected to reach USD 1.65 billion by 2028, growing at a CAGR of 3.38% during the forecast period (2023-2028).
The COVID-19 pandemic negatively impacted the market in 2021. The pandemic halted all manufacturing and construction activities, thus negatively impacting the demand in the paints and coatings market. However, the condition is expected to recover in 2022, restoring the market's growth trajectory.
The Saudi Arabian paints and coatings market is fragmented. Major companies (not in any particular order) include Jazeera Paints, Jotun, Akzo Nobel NV, Sigma Coatings (PPG Industries Inc.), and National Paints Factories Co. Ltd.
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