Product Code: ETC017759 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The paint and varnish market in Saudi Arabia is expected to grow at a CAGR of 4.8% during the forecast period 2025-2031. The growing consumer preference for decorative paints, increasing investments in infrastructure projects, and rising purchasing power are some of the major factors driving the growth of the market. Furthermore, government initiatives such as Vision 2031 and NTP are also likely to have a positive influence on market growth over the next few years.
There has been an increased demand from consumers for decorative paints due to their aesthetic appeal and easy maintenance features, which will drive up sales of these products in Saudi Arabia over the coming years. Additionally, with rapid urbanization taking place across many cities in Saudi Arabia, there is an expanding need for residential construction activities, resulting in higher demand for products such as wallpapers or tiles used along with paint & varnishes. Several large scale infrastructure projects are being undertaken by both public and private entities across various sectors including transportation networks (railways), airports expansions/renovations etc., leading to higher demand for paint & varnishes from these industries over time. This will result in steady revenue generation opportunities within this sector over time.
Fluctuations oil prices significantly affect raw materials utilized within painting &varishing industry since majority come from petrochemical derivatives . As crude oil prices rise , so do costs associated with production leading too very low profit margins .This could limit profitability within this marketspace making it difficult for companies operating here.
However, Covid 19 pandemic has disrupted supply chain of raw materials due to border closings along with disruption on production activities owing to lockdown imposed across countries is having negative impact on industry outlook over short term period.
Key players operating in Saudi Arabia Paints & Varnish Market include Alsaad Trading Co Ltd., Arabia Chemical Industries Co Ltd., Borsa Paint Factory Est., Durabond Products Company LLC , Jotun Bahrain Pvt Ltd., Kansai Paint Arabco Group , Nippon Paint Middle East FZCO , Sika AG , Tambour SAJEMCO Company Limited among others.
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 Saudi Arabia Paints & varnishes Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Paints & varnishes Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Paints & varnishes Market - Industry Life Cycle |
3.4 Saudi Arabia Paints & varnishes Market - Porter's Five Forces |
3.5 Saudi Arabia Paints & varnishes Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Saudi Arabia Paints & varnishes Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Saudi Arabia Paints & varnishes Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Paints & varnishes Market Trends |
6 Saudi Arabia Paints & varnishes Market, By Types |
6.1 Saudi Arabia Paints & varnishes Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Paints & varnishes Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Saudi Arabia Paints & varnishes Market Revenues & Volume, By Water-borne paints and varnishes, 2021-2031F |
6.1.4 Saudi Arabia Paints & varnishes Market Revenues & Volume, By Solvent-borne paints and varnishes, 2021-2031F |
6.1.5 Saudi Arabia Paints & varnishes Market Revenues & Volume, By Others, 2021-2031F |
6.2 Saudi Arabia Paints & varnishes Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Paints & varnishes Market Revenues & Volume, By Transportations paints and varnishes, 2021-2031F |
6.2.3 Saudi Arabia Paints & varnishes Market Revenues & Volume, By Industrial paints and varnishes, 2021-2031F |
6.2.4 Saudi Arabia Paints & varnishes Market Revenues & Volume, By Construction paints and varnishes, 2021-2031F |
7 Saudi Arabia Paints & varnishes Market Import-Export Trade Statistics |
7.1 Saudi Arabia Paints & varnishes Market Export to Major Countries |
7.2 Saudi Arabia Paints & varnishes Market Imports from Major Countries |
8 Saudi Arabia Paints & varnishes Market Key Performance Indicators |
9 Saudi Arabia Paints & varnishes Market - Opportunity Assessment |
9.1 Saudi Arabia Paints & varnishes Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Saudi Arabia Paints & varnishes Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Saudi Arabia Paints & varnishes Market - Competitive Landscape |
10.1 Saudi Arabia Paints & varnishes Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Paints & varnishes Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |