Market Size of Bahrain Paints and Coatings Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.50 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Bahrain Paints and Coatings Market Analysis
The Bahrain paints and coatings market is estimated to witness a significant growth, at an estimated CAGR of over 4.5%, over the forecast period. One of the major factors driving the market studied is the rapidly increasing housing construction activity in the country. The rise in the prices of raw materials is expected to hinder the growth of the market studied.
- Architectural coatings dominated the market, and it is expected to grow during the forecast period due to the increasing construction activities.
- Growing oil & gas exploration and production activities in Bahrain are likely to act as an opportunity in the future.
Bahrain Paints and Coatings Industry Segmentation
The Bahrain paints and coatings market report includes:
| Resin Type | |
| Acrylic | |
| Alkyd | |
| Polyurethane | |
| Epoxy | |
| Polyester | |
| Other Resin Types |
| End-user | ||||
| Architectural | ||||
| Automotive | ||||
| Protective Coating | ||||
| ||||
| Other End-users |
Bahrain Paints and Coatings Market Size Summary
The Bahrain paints and coatings market is poised for substantial growth, driven primarily by the surge in housing construction activities within the country. Architectural coatings lead the market, benefiting from the ongoing construction boom. The market is also seeing opportunities from the expanding oil and gas exploration and production activities. Acrylic resins, particularly water-based and solvent-based variants, dominate the industry due to their desirable properties such as transparency, high colorability, and UV resistance. These resins are extensively used in construction for high-end finishes and are favored for their low VOC emissions, aligning with environmental concerns. The demand for these coatings is further bolstered by their application in various construction projects, including roofs, decks, and bridges, where they provide enhanced surface hardness and elastomeric finishes.
In addition to construction, the oil and gas sector significantly contributes to the demand for protective coatings, which are essential for safeguarding assets in harsh environments. These coatings, including anti-corrosion and heat-resistant types, are crucial for both upstream and downstream operations. The infrastructure sector also plays a vital role, with substantial investments in roads, bridges, and public parks necessitating durable protective solutions. The market is characterized by a high level of consolidation, with major players like Jotun, Asian Paints Berger, Hempel A/S, Omega Paints & Chemical Industries, and PPG Industries, Inc. holding a significant share. This competitive landscape, combined with the robust growth in oil, gas, and infrastructure projects, is expected to drive the market's expansion over the forecast period.
Bahrain Paints and Coatings Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Drivers
-
1.2 Restraints
-
1.3 Industry Value Chain Analysis
-
1.4 Porter's Five Forces Analysis
-
1.4.1 Bargaining Power of Suppliers
-
1.4.2 Bargaining Power of Consumers
-
1.4.3 Threat of New Entrants
-
1.4.4 Threat of Substitute Products and Services
-
1.4.5 Degree of Competition
-
-
-
2. MARKET SEGMENTATION
-
2.1 Resin Type
-
2.1.1 Acrylic
-
2.1.2 Alkyd
-
2.1.3 Polyurethane
-
2.1.4 Epoxy
-
2.1.5 Polyester
-
2.1.6 Other Resin Types
-
-
2.2 End-user
-
2.2.1 Architectural
-
2.2.2 Automotive
-
2.2.3 Protective Coating
-
2.2.4 Transportation
-
2.2.4.1 Marine
-
2.2.4.2 Other Transportation Types
-
-
2.2.5 Other End-users
-
-
Bahrain Paints and Coatings Market Size FAQs
What is the current Bahrain Paints and Coatings Market size?
The Bahrain Paints and Coatings Market is projected to register a CAGR of greater than 4.5% during the forecast period (2024-2029)
Who are the key players in Bahrain Paints and Coatings Market?
Jotun, Asian Paints Berger, Hempel A/S, Omega Paints & Chemical Industries and PPG Industries, Inc. are the major companies operating in the Bahrain Paints and Coatings Market.
