GCC Paints & Coatings Market

  • ID: 4402632
  • Report
  • Region: GCC
  • 175 pages
  • Mordor Intelligence
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  • Akzonobel N.V.
  • Basf Middle East Llc
  • Caparol Paints
  • Hempel Paints
  • Kansai Paint
  • Rpm International Inc.
  • MORE
Recent News

Apr 2017: Kansai Paint, a Japanese paint and coatings manufacturer, decided to expand its activities in GCC countries. The company has planned to establish up to 50 distribution centers in the upcoming period in the UAE, Saudi Arabia, and Qatar.

Nov 2016: Kansai Paints announced its plan to acquire Saudi Industrial Paint Co. With the acquisition, Kansai paints is looking to expand its presence in the emerging Saudi Arabian Coatings market. GCC is expected to one of the fastest growing region in Global Paints & Coatings Market.

The GCC paints & coatings market is expeted to achieve a moderatate CAGR through the forecast period, 2018-2023.

Market Dynamics

The paints & coatings industry in GCC is an emerging market owing to large-scale construction projects that are currently underway. Most GCC countries have invested a considerable amount in their construction industries over the last decade. This is a result of the plan to diversify their economies from oil and oil-related business activities to other industry sectors; tourism has become the major focus. Though there has been a rapid rise in raw material prices for paints which will act as a setback for the market.

Market Segmentation

In this report, the GCC paints & coatings market has been categorized into industrial and architectural coatings. The architectural coatings segment is expected to dominated the market in 2017. Sales in the industrial coatings segment have been recording slower growth rates, owing to reduced industrial activities caused by reduced crude oil exploration and production activities. The water-borne coatings segment is expected to record the highest growth rate during the forecast period, owing to the increasing use of water-borne adhesives in architectural coatings. The solvent-borne coatings segment still dominates the industrial coatings segment, as they more efficient than the rest.

In regional markets, Saudi Arabia accounted for the largest share in 2017. UAE and Qatar are expected to record the fastest growth rates during the forecast period, owing to the increased spending in construction activities and growing industrial activities in the countries. Below sample figure signifies the share of each resin type in GCC paints & Coatings market, in 2017:

Opportunities & Major Players

The rise in demand for eco-friendly coatings and the future luxury real estate projects in Qatar will be major opportunities for the market. Some of the major companies dominating this market are:
AkzoNobel Coatings
National Paints Factory Co.
Al-Jazeera Factory for Paints

Key Deliverables in the Study

Market analysis for the GCC Paints & Coating market, with region specific assessments and competition analysis on regional scales

Market definition along with the identification of factors instrumental in changing the market scenarios and prospective opportunities

Extensively researched competitive landscape section with profiles of major companies along with their market shares

Identification and analysis of the macro and micro factors that affect the GCC Paints & Coating market on and regional scales

A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information

Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
Note: Product cover images may vary from those shown
2 of 5


  • Akzonobel N.V.
  • Basf Middle East Llc
  • Caparol Paints
  • Hempel Paints
  • Kansai Paint
  • Rpm International Inc.
  • MORE
1. Introduction
1.1 Description
1.2 Research Methodology
1.3 Scope of the Report

2. Executive Summary

3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Regulaory Policy Analysis
3.4 Raw Material Analysis

4 Market Dynamics
4.1 Drivers
4.1.1 Increased Focus on Tourism & Construction
4.1.2 Other Drivers
4.2 Restraints
4.2.1 Increasing Raw Material Prices
4.2.2 Shrinkage of Construction in Saudi Arabia
4.3 Opportunities
4.3.1 Rising Demand for Eco-Friendly Alternatives
4.3.2 Plans for New Luxury Real Estate Projects in Qatar

5. Market Segmentation Analysis
5.1 by Technology
5.1.1 Water-Borne
5.1.2 Solvent-Borne
5.1.3 Radiation Cured
5.1.4 Others
5.2 by Resin Type
5.2.1 Acrylic
5.2.2 Alkyd
5.2.3 Polyurethane
5.2.4 Epoxy
5.2.5 Polyesters
5.2.6 Others
5.3 by Applications
5.3.1 Architectural & Decorative Applications
5.3.2 Industrial Applications Automotive Wood General Industrial Marine Protective Others

6 Regional Analysis
6.1 Saudi Arabia
6.2 Uae
6.3 Bahrain
6.4 Kuwait
6.5 Qatar
6.6 Oman

7. Competitive Analysis
7.1 Mergers, Acquisitions, Joint Ventures, Collaborations & Agreements
7.2 Market Share Analysis
7.3 Strategies Adopted by Leading Players

8. Company Profiles
8.1 Akzonobel N.V.
8.2 Sherwin-Williams
8.3 Jotun
8.4 Berger Paints Emirates Ltd
8.5 Basf Middle East Llc
8.6 Thermilate Middle-East Trading Llc
8.7 Al Jazeera Paints Co.
8.8 Beckers Group
8.9 Caparol Paints
8.10 Hempel Paints
8.11 Rpm International Inc.
8.12 Sigma Paints
8.13 Terraco Uae Ltd.
8.14 Wacker Chemie Ag
8.15 Oasis Ameron Paints Ltd.
8.16 National Paints Factories Co. Ltd.
8.17 Gulf Paints
8.18 Kansai Paint
*(List Not Exhaustive)

9. Appendix
Note: Product cover images may vary from those shown
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4 of 5
  • Akzonobel N.V.
  • Sherwin-Williams
  • Jotun
  • Berger Paints Emirates Ltd
  • Basf Middle East Llc
  • Thermilate Middle-East Trading Llc
  • Al Jazeera Paints Co.
  • Beckers Group
  • Caparol Paints
  • Hempel Paints
  • Rpm International Inc.
  • Sigma Paints
  • Terraco Uae Ltd.
  • Wacker Chemie Ag
  • Oasis Ameron Paints Ltd.
  • National Paints Factories Co. Ltd.
  • Gulf Paints
  • Kansai Paint
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown