Saudi Arabia Paints & Coatings Market - Segmented by End-user Industry, Technology, and Resin Type - Growth, Trends and Forecast (2018 - 2023)

  • ID: 4514981
  • Report
  • Region: Saudi Arabia
  • 112 pages
  • Mordor Intelligence
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  • AkzoNobel
  • Al Jazeera Paints
  • Axalta Coating Systems
  • Jotun
  • Kansai Paints
  • MORE
The Saudi Arabia paints & coatings market is estimated to register a growth rate of 4.08% during the forecast period (2018 - 2023). Saudi Arabia is estimated to lead the market due to the ongoing growth in the industrial and architectural sectors in the country. Water-based coatings are expected to be the fastest-growing type, by technology.

Increasing Private investment Participation

The Saudi government has played a key role in increasing private investment participation. The government helps investors by providing them - support during cross border trade in order to access new markets; establishing cities or zones, which specialize in manufacturing of coatings, and hence, maintaining high level of attractiveness to potential investors; facilitating the provision of joint benefit services and facilities; the creation of attractive, profitable, and tangible investment opportunities; and enhancing competition locally and internationally. In response to the market potential and the changes in the Kingdom, 13 local and foreign investors have agreed to sign non-binding statements of intent (SOI) with Saudi Arabian General Investment Authority (SAGIA) to further discuss future investments in the Kingdom. Dow became the first company to obtain trading license from Government of Saudi Arabia, permitting full ownership in the trading sector. The Saudi government’s joint ventures include collaborating with various international market leaders, which is leading to an increase in their production base. In May 2017, the Dow Chemical Company finalized an agreement with Saudi Aramco’s JV partner in the Sadara Petrochemicals complex, to increase innovation and strategic agenda in the KSA. Based on the agreement, Dow has invested USD 100 million to construct manufacturing facility, to produce a range of polymers for coatings. The company has also signed a memorandum of understanding to conduct a feasibility study for a proposed investment in one of the company’s performance silicone franchises. The coating facility, located in PlasChem Park in Jubail, will address the needs of the Saudi market, with an innovative range of acrylic-based polymers for water-treatment, industrial, and architectural coating applications. These factors are expected to increase the private investments in construction sector, which, in turn, is likely to increase the usage of paints and coatings.

Water-borne Technology - The Fastest Growing Type by Technology

The VOCs released from solvent-borne coatings is the core reason for the manufacturers switching to water-borne coatings. Also, other properties like low odor, more durability, and more block resistance make waterborne coatings more preferable. There are many regulations from several governments which supports water-based coatings. These are usually used in several applications, which includes transportation, building and construction, and industrial applications. In recent times there has been a propensity to seek coatings with high usability, and water clean-up characteristics among the users, water-borne coatings meet the requirements, and also facilitate low viscosity, without the addition of low-molecular weight monomers.

Notable Developments in the Market

June 2017: The Sherwin-Williams Company completed the acquisition of The Valspar Corporation and created a global leader in paints & coatings industry

Major Players: AkzoNobel, National Paints Factory, Jotun A/S, Al Jazeera Paints Co., Hempel A/S, and PPG, amongst others.

Reasons to Purchase the Report

To understand the impact of end-user applications on the market

Analyzing various perspectives of the market with the help of Porter’s five forces analysis

To understand the dominating technology in the market

Identify the latest developments, market shares, and strategies employed by the major market players

3-month analyst support, along with the Market Estimate sheet (in excel)

Customization of the Report

This report can be customized to meet your requirements.
Note: Product cover images may vary from those shown
2 of 5


  • AkzoNobel
  • Al Jazeera Paints
  • Axalta Coating Systems
  • Jotun
  • Kansai Paints
  • MORE
1. Introduction
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report

2. Executive Summary

3. Market Insights
3.1 Raw Material Analysis
3.2 Industry Value Chain Analysis
3.3 Industry Attractiveness - Porter’s Five Forces Analysis
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Consumers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products and Services
3.3.5 Degree of Competition

4. Market Dynamics
4.1 Drivers
4.1.1 Increasing Private Investment Participation
4.1.2 Growing Oil & Gas Sector
4.2 Restraints
4.2.1 Rise in Prices of Raw Materials
4.2.2 Other Restraints
4.3 Opportunities
4.3.1 Increase in the Demand for Bio-based & Eco-friendly Paints & Coatings
4.3.2 Other Opportunities

5. Market Segmentation and Analysis (Market Size, Share, and Forecast)
5.1 By End-user Industry
5.1.1 Architectural
5.1.2 Automotive
5.1.3 Wood
5.1.4 Protective Coating
5.1.5 General Industrial
5.1.6 Transportation
5.1.7 Packaging
5.2 By Technology
5.2.1 Water-borne
5.2.2 Solvent-borne
5.2.3 Powder
5.2.4 Radiation Cure
5.3 By Resin Type
5.3.1 Acrylic
5.3.2 Alkyd
5.3.3 Polyurethane
5.3.4 Epoxy
5.3.5 Polyesters
5.3.6 Others

6. Competitive Landscape
6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players

7. Company Profiles (Overview, Financials**, Products & Services, Recent Developments, and Analyst View)
7.1 AkzoNobel NV
7.2 Al Jazeera Paints
7.3 Axalta Coating Systems
7.5 Jotun
7.6 Kansai Paints
7.7 National Paints Factory Co. Ltd
7.8 PPG Industries (Sigma Paints)
7.9 Protech Powder Coatings
7.10 Sak Coat
7.11 The Sherwin Williams Company
7.12 United Coatings Industries
7.13 Zamil Industrial Coatings (ZINDCO)
*List Not Exhaustive

8. Disclaimer
**Subject to availability on public domain
Note: Product cover images may vary from those shown
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4 of 5
  • AkzoNobel
  • Al Jazeera Paints
  • Axalta Coating Systems
  • Jotun
  • Kansai Paints
  • National Paints Factory Co. Ltd
  • PPG Industries (Sigma Paints)
  • Protech Powder Coatings
  • Sak Coat
  • Sherwin Williams
  • United Coatings Industries
  • Zamil Industrial Coatings (ZINDCO)
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown