Market Forecast By Resin (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester), By Technology (Waterborne, Solventborne, Powder), By Application (Architectural, Industrial) And Competitive Landscape
Product Code: ETC017586 | Publication Date: Jun 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Jordan Paints market currently, in 2023, has witnessed an HHI of 3039, Which has increased slightly as compared to the HHI of 2938 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | Jordan Paints Market |
Forecast period | 2025-2031 |
CAGR | 6% |
Growing Sector | Architecture |
The Jordan Paints Market report thoroughly covers the market by Resin, Technology, and Application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Jordan Paints Market has been witnessing growth in recent years and is projected to grow significantly in the coming years. This growth is due to various factors such as the growing construction industry, changing lifestyles, rising disposable income, government initiatives, and growing awareness among consumers.
According to 6Wresearch, the Jordan Paints Market size is expected to grow at a significant CAGR of 6% during 2025-2031. One of the main drivers is the growing construction industry in the country. With more and more buildings, houses, and infrastructure projects being developed, there is a constant demand for paints and coatings. Moreover, with changing lifestyles and increasing disposable incomes, people are investing more in home renovation and decoration projects. This has led to an increase in demand for decorative paints and customized colour options. The government's initiatives to promote tourism have also played a significant role in boosting the Jordan Paints market. Another driving factor is the increasing focus on sustainability and eco-friendliness. With growing awareness about the harmful effects of conventional paints on the environment has led to an increase in demand for eco-friendly paints and coatings in Jordan.
One of the major challenges is the availability of raw materials. Moreover, fluctuations in oil prices directly affect the prices of paint ingredients such as resins, solvents, and pigments. This affects the final price of paints. Another challenge faced by the Jordan Paints market is the presence of counterfeit products.
There are several key players in the Jordan paints market, each offering unique products and services to cater to the diverse demands of consumers. Some of the major players in this market include Sherwin-Williams, Kansai Paints, Berger Paints, Jotun Group, AkzoNobel, and National Paints. These companies have been actively involved in research and development to introduce innovative products that offer better quality and durability.
One of the main initiatives is the implementation of import tariffs on imported paints, which encourages consumers to purchase locally-made products. Additionally, the government has also provided subsidies and incentives for paint manufacturers in order to increase production and improve product quality. This includes tax breaks, low-interest loans, and other financial assistance programs. Furthermore, there have been efforts to raise awareness about the benefits of using eco-friendly and high-quality paints through various campaigns and educational programs.
The Jordan paints market is expected to experience steady growth in the coming years due to various factors such as increasing urbanization and construction activities, growing demand for eco-friendly paints, and advancements in paint technology. The market is also likely to witness increased investments in research and development to develop more sustainable and efficient paint solutions. Moreover, the government's focus on infrastructure development is expected to boost the demand for paints in various sectors.
According to Ravi Bhandari, Research Head, 6Wresearch, the acrylic resin segment is expected to hold the largest share in the Jordan paints market due to its various properties such as water resistance, durability, and ability to adhere to a variety of surfaces.
In terms of technology, the waterborne technology segment is projected to witness significant growth in the Jordan paints market due to strict environmental regulations and increasing consumer awareness towards eco-friendly products.
The architectural application segment is estimated to dominate the Jordan paints market, driven by the increasing construction activities in the country, rising urbanization and government initiatives to improve infrastructure.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Jordan Paints Market Overview |
3.1 Jordan Country Macro Economic Indicators |
3.2 Jordan Paints Market Revenues & Volume, 2021 & 2031F |
3.3 Jordan Paints Market - Industry Life Cycle |
3.4 Jordan Paints Market - Porter's Five Forces |
3.5 Jordan Paints Market Revenues & Volume Share, By Resin, 2021 & 2031F |
3.6 Jordan Paints Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Jordan Paints Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Jordan Paints Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Jordan Paints Market Trends |
6 Jordan Paints Market, By Types |
6.1 Jordan Paints Market, By Resin |
6.1.1 Overview and Analysis |
6.1.2 Jordan Paints Market Revenues & Volume, By Resin, 2021-2031F |
6.1.3 Jordan Paints Market Revenues & Volume, By Acrylic, 2021-2031F |
6.1.4 Jordan Paints Market Revenues & Volume, By Alkyd, 2021-2031F |
6.1.5 Jordan Paints Market Revenues & Volume, By Epoxy, 2021-2031F |
6.1.6 Jordan Paints Market Revenues & Volume, By Polyurethane, 2021-2031F |
6.1.7 Jordan Paints Market Revenues & Volume, By Polyester, 2021-2031F |
6.2 Jordan Paints Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Jordan Paints Market Revenues & Volume, By Waterborne, 2021-2031F |
6.2.3 Jordan Paints Market Revenues & Volume, By Solventborne, 2021-2031F |
6.2.4 Jordan Paints Market Revenues & Volume, By Powder, 2021-2031F |
6.3 Jordan Paints Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Jordan Paints Market Revenues & Volume, By Architectural, 2021-2031F |
6.3.3 Jordan Paints Market Revenues & Volume, By Industrial, 2021-2031F |
7 Jordan Paints Market Import-Export Trade Statistics |
7.1 Jordan Paints Market Export to Major Countries |
7.2 Jordan Paints Market Imports from Major Countries |
8 Jordan Paints Market Key Performance Indicators |
9 Jordan Paints Market - Opportunity Assessment |
9.1 Jordan Paints Market Opportunity Assessment, By Resin, 2021 & 2031F |
9.2 Jordan Paints Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Jordan Paints Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Jordan Paints Market - Competitive Landscape |
10.1 Jordan Paints Market Revenue Share, By Companies, 2024 |
10.2 Jordan Paints Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |