Please Wait.....
Report
Saudi Arabia Architectural Paints Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
Market Report I 2023-01-23 I 120 Pages I Mordor Intelligence
Saudi Arabia, Architectural Paints market is expected to reach over USD 830 million by the end of this year and is projected to register a CAGR of over 3.5% during the forecast period.
The COVID-19 pandemic negatively impacted the market in 2021. The pandemic halted all manufacturing and construction activities, thus negatively impacting the demand in the architectural paints market. However, the condition recovered in 2022, restoring the market's growth trajectory.
Key Highlights
Over the medium term, the significant factors driving the architectural paints market's growth are the increasing commercial construction aided by a surge in the tourism industry and the high housing and office unit growth.
On the flip side, decreasing the share of villas and reducing paint usage per residential unit are likely to hinder the market's growth.
Nevertheless, new introductions and technological advancements in coatings, such as wash-free, stain-free, bacteria-free, and anti-mosquito coatings, are expected to offer opportunities to the market.
Saudi Arabia Architectural Paints Market Trends
Acrylic Resin to Dominate the Market
Acrylic resins are the most widely used polymers in the paints and coatings industry. Most acrylic paints are water-based or solvent-based and are available as emulsions (latices), lacquers (lower volume solids), enamels (higher volume solids), and powders (100% solids).
Common acrylic polymers come in various types and combinations, such as methyl and butyl methacrylate. In the case of inexpensive paints, polyvinyl acetate is primarily used. Acrylic paints are the most widely used architectural paints. Acrylic resin growth is generally in line with waterborne coating development, as a large share of waterborne coatings is dependent on acrylic resin.
Acrylic resins have transparency, high colorability, and UV resistance properties in coating solutions. They are often used in waterborne systems, resulting in low VOC emissions. The application of acrylic coatings leads to increased surface hardness.
Specific applications, such as walls, roofing, and acrylic coatings, provide elastomeric finishes to improve the UV resistance of the surface if employed with some fluids. Solvent-based acrylic paints (lacquers and enamels) generally have better weathering and chemical resistance than water-based acrylics. However, these paints are mainly used outdoors and have been replaced primarily by water-based acrylic paints.
Thermoplastic acrylic resins are the widely used type for architectural coatings. Thermoplastic acrylic-based latex coatings are commonly used in house paint and architectural coating due to low VOC, easy application, and cleanability.
These factors will likely boost the demand for acrylic resins over the forecast period.
Water-borne Technology is Expected to Dominate the Market
Water-borne is the fastest-growing technology in the Saudi architectural paints market. The primary reason for their gain over solvent-borne is their eco-friendly nature, as they are generally lower in volatile organic compounds (VOCs), which degrade the environment. Other properties like low odor, durability, and block resistance make waterborne paints preferable.
The increasing eco-friendly nature and the versatile properties of waterborne coatings are increasing waterborne coating demand. The adoption of green building standards due to various incentives propelled the growth of waterborne coatings in the country.
As per the requirements, waterborne coatings constitute a significant portion of water as solvents, binders, pigments, and performance additives. The proportion of additives and resins is variable, as per the application of the coatings.
The waterborne segment of the paints and coating market is driven by several factors, such as increasing consumer awareness about VOC emissions.
In recent times, there is a propensity to seek coatings with low odor, usability, and water clean-up characteristics among end users. Waterborne coatings meet the requirements and facilitate low viscosity without adding low-molecular-weight monomers.
Due to all the above factors, the demand for water-based coatings is expected to be high during the forecast period in the country.
Saudi Arabia Architectural Paints Market Competitor Analysis
Saudi Arabia's architectural paints market is partially consolidated in nature. Some of the market's major players (not in any particular order) include Jotun, Jazeera Paints, Hempel A/S, Sigma Paints (PPG Industries Inc.), and SIPCO (Kansai Paint).
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 High Growth of Housing and Office Units
4.1.2 Increasing Commercial Construction Aided by Surge in the Tourism Industry
4.2 Restraints
4.2.1 Decreasing Share of Villas Reducing Paint Usage Per Residential Unit
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5 MARKET SEGMENTATION (Market Size in Value)
5.1 Resin Type
5.1.1 Acrylic
5.1.2 Alkyd
5.1.3 Polyurethane
5.1.4 Epoxy
5.1.5 Polyester
5.1.6 Other Resin Types
5.2 Technology
5.2.1 Water-borne
5.2.2 Solvent-borne
5.2.3 Other Technologies
5.3 Application
5.3.1 Professional
5.3.2 DIY
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%) Analysis**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 B.B.C Paints
6.4.2 Caparol Paints (DAW SE)
6.4.3 Hempel A/S
6.4.4 Jotun
6.4.5 Jazeera Paints
6.4.6 MIDDLE EAST PAINTS
6.4.7 NATIONAL PAINTS FACTORIES CO. LTD
6.4.8 OSCAR PAINTS
6.4.9 SIPCO (Kansai Paint)
6.4.10 Sigma Paints (PPG Industries Inc.)
6.4.11 The Sherwin-Williams Company
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 New Introductions and Technology Advancements in Coatings
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security