Market Forecast by Technology (Waterborne, Solvent borne and Powder), by Resin (Acrylic, Epoxy, Alkyd, Polyurethane and Polyester), by Application (Architectural and Industrial), By countries (Saudi Arabia, Qatar, Bahrain, UAE and rest of Middle East) and Competitive Landscape
|Product Code: ETC054411||Publication Date: Jun 2023||Product Type: Report|
|Publisher: 6Wresearch||No. of Pages: 200||No. of Figures: 90||No. of Tables: 30|
The Middle East paints market has been experiencing a period of growth and innovation in recent years, with new developments emerging that are set to change the landscape of the industry. One such development is the growing demand for eco-friendly products, as consumers become increasingly concerned about sustainability.Another trend shaping the market is technological advancements, which have led to new formulations and improved performance of paint products. For example, self-cleaning paints have emerged as a popular choice due to their ability to resist dirt and grime buildup, making them ideal for high-traffic areas such as hospitals or schools.In addition, there has been an increased focus on color customization options in response to changing consumer preferences. Companies are now offering personalized color matching services that allow customers to create unique shades that fit their specific needs.Digitalization has also impacted the Middle East paints market by enabling easier ordering processes through online platforms and e-commerce channels. This technology has also facilitated greater transparency in pricing strategies while improving supply chain management efficiency.These latest developments demonstrate an exciting time for Middle East Paints Market between 2020-2026 with plenty of opportunities for growth and innovation ahead!
Middle East paint market is expected to witness growth over the forecasting period. The development of real estates through residential and commercial products have raised the demand for Paints and Coating products. Paints are used in Homes, School, Businesses, malls. Furthermore, the rising population has raised the demand for properties increasing the demand for Paints and Coating. The innovation of latex paints and shifting focus toward non-oil paints is expected to offer opportunities for the Paints market in the region.
According to 6Wresearch, the Middle East Paints Market size is anticipated to register growth during 2020-26. The United Arab Emirates stands to be the largest market for paints and coatings. Middle East Paints market is majorly driven by rising construction projects, enhancing lifestyle, better healthcare and demand for packaged products. Building and Construction Industry is to drive the Middle East’s Paints Market in the upcoming forecasting period. Shifting preferences to non-oil paints (latex paints) has significantly raised the demand for Paints that requires low VOC (volatile organic compounds). The United Arab Emirates Dominates the Consumption of Paints and Coating owing to the growth in construction and is expected to grow further. Saudi Arabia registers the second-highest share in Middle East Paints Market and is expected to grow at a noticeable rate whereas, Qatar has the third-highest share.
Based on Verticals and Components, the Hospitality, Manufacturing, Transportation, Healthcare, Packaging and Construction sectors have registered high share in the Middle East’s Paints Market due to rapid industrialization, construction of hotels and building and high demand of paints products. Based on end-users, the market is segmented into Residential and Commercial. Distribution Channel such as online and offline stores.
Middle East Paints Market report thoroughly covers the market by resin, technology, application and countries including UAE, Bahrain, Qatar, Saudi Arabia and the rest of the Middle East. The Middle East Paints market outlook report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies accordingly to the current and future market dynamics.
The COVID-19 pandemic has caused a significant impact on various industries worldwide, including the Middle East Paints Market. The market saw a decline in demand due to halted construction activities and reduced consumer spending. This resulted in companies reducing their production output and putting expansion plans on hold.
The restrictions imposed by governments to curb the spread of the virus led to supply chain disruptions, which caused procurement delays for raw materials used in paint manufacturing. Furthermore, labor shortages due to movement restrictions also impacted production capacity.
However, with governments gradually easing lockdown measures and resuming construction activities, there is hope for market recovery. Additionally, increased government spending on infrastructure development projects is expected to drive growth over the forecast period.
In response to the pandemic's impact on business operations, companies are implementing new strategies such as adopting digital technologies for remote work and online sales channels. These measures will enable them to meet changing consumer demands while adhering to health safety protocols.
While COVID-19 has had negative effects on the Middle East Paints Market initially, it has also spurred innovation and adaptation among industry players towards long-term sustainability.
From the Key Players in the Middle East Paints Market (2020-2026) section, we can see that this industry is highly competitive and diverse. Companies are constantly striving to innovate and differentiate themselves from their competitors by offering high-quality products at reasonable prices.
While the COVID-19 pandemic has created some challenges for the Middle East paints market, it has also presented new opportunities for growth and expansion. As governments invest heavily in infrastructure projects across the region, demand for paint and coatings is likely to remain strong over the coming years.
Therefore, businesses operating in this industry need to keep up with evolving market trends and customer preferences if they want to succeed in today's dynamic marketplace. By staying ahead of emerging technologies and adapting quickly to changing consumer needs, companies can position themselves as leaders in this rapidly growing sector.
The report provides a detailed analysis of the following market segments:
|1. Executive Summary|
|2.1. Key Highlights of the Report|
|2.2. Report Description|
|2.3. Market Scope & Segmentation|
|2.4. Research Methodology|
|3. Middle East Paints Market Overview|
|3.1. Middle East Paints Market Revenues, 2019 & 2026F|
|3.2. Middle East Paints Market - Industry Life Cycle|
|3.3. Middle East Paints Market - Porter's Five Forces|
|3.4. Middle East Paints Market Revenue Share, By Resin, 2019 & 2026F|
|3.5. Middle East Paints Market Revenue Share, By Technology, 2019 & 2026F|
|3.6. Middle East Paints Market Revenue Share, By Application, 2019 & 2026F|
|3.7. Middle East Paints Market Revenue Share, By Countries, 2019 & 2026F|
|4. Middle East Paints Market Dynamics|
|4.1. Impact Analysis|
|4.2. Market Drivers|
|4.3. Market Restraints|
|5. Middle East Paints Market Trends|
|6. Middle East Paints Market, By Resin|
|6.1. Middle East Paints Market, By Resin|
|6.1.1. Overview and Analysis|
|6.1.2. Middle East Paints Market Revenues, By Acrylic, 2016 - 2026F|
|6.1.3. Middle East Paints Market Revenues, By Alkyd, 2016 - 2026F|
|6.1.4. Middle East Paints Market Revenues, By Epoxy, 2016 - 2026F|
|6.1.5. Middle East Paints Market Revenues, By Polyurethane, 2016 - 2026F|
|6.1.6. Middle East Paints Market Revenues, By Polyester, 2016 - 2026F|
|7. Middle East Paints Market, By Technology|
|7.1. Middle East Paints Market, By Technology|
|7.1.1. Overview and Analysis|
|7.1.2. Middle East Paints Market Revenues, By Waterborne, 2016 - 2026F|
|7.1.3. Middle East Paints Market Revenues, By Solvent Borne, 2016 - 2026F|
|7.1.4. Middle East Paints Market Revenues, By Powder, 2016 - 2026F|
|8. Middle East Paints Market, By Application|
|8.1. Middle East Paints Market, By Application|
|8.1.1. Overview and Analysis|
|8.1.2. Middle East Paints Market Revenues, By Industrial, 2016 - 2026F|
|8.1.3. Middle East Paints Market Revenues, By Architectural, 2016 - 2026F|
|10. UAE Paints Market|
|10.1. UAE Paints Market, By Resin|
|10.2. UAE Paints Market, By Technology|
|10.3. UAE Paints Market, By Application|
|10.4. UAE Paints Market, By Countries|
|11. Saudi Arabia Paints Market|
|11.1. Saudi Arabia Paints Market, By Resin|
|11.2. Saudi Arabia Paints Market, By Technology|
|11.3. Saudi Arabia Paints Market, By Application|
|11.4. Saudi Arabia Paints Market, By Countries|
|12. Turkey Paints Market|
|12.1. Turkey Paints Market, By Resin|
|12.2. Turkey Paints Market, By Technology|
|12.3. Turkey Paints Market, By Application|
|12.4. Turkey Paints Market, By Countries|
|13. Egypt Paints Market|
|13.1. Egypt Paints Market, By Resin|
|13.2. Egypt Paints Market, By Technology|
|13.3. Egypt Paints Market, By Application|
|13.4. Egypt Paints Market, By Countries|
|14. Rest of Middle East Paints Market|
|14.1. Rest of Middle East Paints Market Overview|
|15. Middle East Paints Market Import-Export Trade Statistics|
|15.1. Middle East Paints Market Export to Major Countries|
|15.2. Middle East Paints Market Imports from Major Countries|
|16. Middle East Paints Market Key Performance Indicators|
|17. Middle East Paints Market - Opportunity Assessment|
|17.1. Middle East Paints Market Opportunity Assessment, By Technology, 2019 & 2026F|
|17.2. Middle East Paints Market Opportunity Assessment, By Resin, 2019 & 2026F|
|18. Middle East Paints Market - Competitive Landscape|
|18.1. Middle East Paints Market Revenue Share, By Companies, 2019|
|18.2. Middle East Paints Market Competitive Benchmarking, By Operating and Technical Parameters|
|19. Company Profiles|