The paint additives are ingredients added to paints while making them. They help enhance their properties, such as performance, functionality, efficiency, and excellence.
According to the publisher ’s research report, “Saudi Arabia Paint Additives Market Analysis, 2021,” the market is likely to grow at a CAGR of around 3.91% during 2021-26. The prime factors contributing to the growth of Paint Additives increase in constructional activities and development of architectural industry in the country. Further, the demand for paint additives is increasing astronomically across various end-user sectors due to their crucial characteristics, including protecting the surface from UV radiations without cracking, fading, and peeling away.
Covid-19 Impact on the Saudi Arabia Paint Additives Market
The sudden outbreak of the Covid-19 pandemic has impacted most end-user industries due to nationwide lockdown and other stringent restrictions. The Saudi Arabia Paint Additives Market has also been adversely affected owing to the lockdown imposed, resulting in a temporary ban on export & import and disruption in the supply chain. Additionally, the pandemic led to the temporary shutdown of manufacturing units and brought all the construction activities to a standstill position. However, with the gradual upliftment of lockdown, the market is likely to resume by the first & second quarters of 2021 due to the increasing demand for paint additives across various end-user verticals.
Based on Formulations, the market segments into Water, Solvent, and Powder-Based Formulations. Of these segments, Water-Based formulations accounted for more than 70% of the market share. The segment growth owes to the properties of water-based paint additives, including superior adhesion, high film density, and low toxicity. Further, increasing demand for water-based additives in various end-user industrial applications leads to aiding the segment growth, cites The publisher in their research report, “Saudi Arabia Paint Additives Market Analysis, 2021.”
Based on End-Users, the market bifurcates into Automobiles & Transportation, Industrial, Furniture & Woods, and Building & Construction. Of them all, the Building & Construction segment held the largest share in the Saudi Arabia Paint Additives Market in the previous few years, primarily due to the increasing construction activities that surge the demand for paint additives. Further, the surging usage of paint additives for decorative purposes to enhance the aesthetic look of houses is another prime factor likely to accelerate the segment growth.
Paint Additives are used majorly in the construction industry for decoration and protection purposes. Decorative paints in the building and construction sector account for more than 95% market share. Moreover, the rising demand for paint additives for architectural development and enhancing the interior & exterior of houses is another critical aspect likely to bolster the overall market growth.
Paint additives are environmentally unfriendly as it contains hazardous volatile organic compounds. This factor might lead to hampering the market growth. Further, the price fluctuation of raw materials is another critical aspect that could hinder the Saudi Arabia Paint Additives Market growth.
According to the publisher , the major leading players in the Saudi Arabia Paint Additives market are AkzoNobel N.V., Arkema SA, Asahi Glass Co. Ltd., Ashland Inc., BASF SE, BYK-Chemie GMBH, Cabot Corp., Cytec Industries Inc., Daikin Industries Ltd., Dynea AS.
Key Questions Answered in the Market Research Report:
1. What are the overall market statistics or estimates (Market Overview, Market Size- by Value, Forecast Numbers, Market Segmentation, and Market Shares) of the Saudi Arabia Paint Additives Market?
2. What are the region-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Saudi Arabia Paint Additives Market?
4. Who are the key competitors, their key strengths & weaknesses, and how they perform in the Saudi Arabia Paint Additives Market based on a competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the Saudi Arabia Paint Additives Market study?
Market Outlook, Segmentation, and Statistics
1. Impact of COVID-19 on Saudi Arabia Paint Additives Market
2. Market Size & Analysis
2.1. By Value
2.2. By Volume
3. Market Share & Analysis
3.1. By Formulation
3.1.3. Powder Based
3.2. By End Users
3.2.1. Automobiles & Transportation
3.2.3. Furniture & Wood
3.2.4. Building & Construction
3.3. By Product
3.3.1. Rheology modifiers
3.3.4. Wetting & Dispersion Agents
3.4. By Region
3.5. By Competitors
3.5.1. Competition Characteristics
3.5.2. Market Share & Analysis
3.5.3. Competitive Metrix
4. Saudi Arabia Paint Additives Market Hotspots & Opportunities
5. Saudi Arabia Paint Additives Market Regulations & Policy
6. Key Strategic Imperatives for Success and Growth
7. Saudi Arabia Competition Outlook
7.1. Competition Matrix
7.2. Company Profile
Table of Contents
1.2. Research Process
1.4. Market Segmentation
4.3. Hotspots & Opportunities
8.1.1. By Revenues
8.1.2. By Quantity Sold in Kilo Tons
8.2. Market Share & Analysis
8.2.1. By Formulation
22.214.171.124. Powder Based
8.2.2. By End Users
126.96.36.199. Automobiles & Transportation
188.8.131.52. Furniture & Wood
184.108.40.206. Building & Construction
8.2.3. By Product
220.127.116.11. Rheology modifiers
18.104.22.168. Wetting & Dispersion Agents
8.2.4. By Region
8.2.5. By Competitor
22.214.171.124. Competition Characteristics
126.96.36.199. Key Competitor & Their Capabilities
188.8.131.52. Competitor Factorial Indexing
9.1.1. By Revenues
9.1.2. By Quantity Sold in Kilo Tons
9.2. Market Share & Analysis
9.2.1. By Formulation
9.2.2. By Product
9.2.3. By Region
10.1.1. By Revenues
10.1.2. By Quantity Sold in Kilo Tons
10.2. Market Share & Analysis
10.2.1. By Formulation
10.2.2. By Product
10.2.3. By Region
11.1.1. By Revenues
11.1.2. By Quantity Sold in Kilo Tons
11.2. Market Share & Analysis
11.2.1. By Formulation
11.2.2. By Product
11.2.3. By Region
12.1.1. By Revenues
12.1.2. By Quantity Sold in Kilo Tons
12.2. Market Share & Analysis
12.2.1. By Formulation
12.2.2. By Product
12.2.3. By Region
13.2. Arkema SA
13.3. Asahi Glass Co. Ltd.
13.4. Ashland Inc.
13.5. BASF SE
13.6. BYK-Chemie GMBH
13.7. Cabot Corp.
13.8. Cytec Industries Inc.
13.9. Daikin Industries Ltd.
13.10. Dynea AS
- AkzoNobel N.V.,
- Arkema SA,
- Asahi Glass Co. Ltd.,
- Ashland Inc.,
- BASF SE,
- BYK-Chemie GMBH,
- Cabot Corp.,
- Cytec Industries Inc.,
- Daikin Industries Ltd.,
- Dynea AS