Saudi Arabia Architectural Paints Market Size (2024 - 2029)

The Saudi Arabia architectural paints market is projected to experience growth driven by the expanding construction sector and a boost in commercial construction linked to the tourism industry. Despite challenges such as the adoption of substitute materials and oil price fluctuations, the market is poised for opportunities through innovations in coatings and a rising demand for customized interior and exterior solutions.

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Market Size of Saudi Arabia Architectural Paints Industry

Saudi Arabia Architectural Paints Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 0.86 Billion
Market Size (2029) USD 1.02 Billion
CAGR (2024 - 2029) 3.00 %
Market Concentration Medium

Major Players

Saudi Arabia Architectural Paints Market Major Players

*Disclaimer: Major Players sorted in no particular order

Saudi Arabia Architectural Paints Market Analysis

The Saudi Arabia Architectural Paints Market size is estimated at USD 0.86 billion in 2024, and is expected to reach USD 1.02 billion by 2029, growing at a CAGR of greater than 3% during the forecast period (2024-2029).

  • The growth of the construction sector in Saudi Arabia and the increasing commercial construction aided by a surge in the tourism industry are driving the demand for architectural paints in Saudi Arabia.
  • Conversely, replacement from substitute materials and fluctuation in oil prices are expected 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, and increasing demand for customization solutions for interior and exterior spaces are expected to offer growth opportunities for the market.

Saudi Arabia Architectural Paints Industry Segmentation

Architectural paint includes interior and exterior paints, primers, sealers, varnishes, and stains. The report covers all types of paints used for office buildings, warehouses, convenience stores, shopping malls, and homes. The infrastructure segment, which consists of roads, bridges, and railways, does not fall within this category. Architectural paint also includes paints that are applied to new constructions and renovation works in old buildings.

The architectural paints market is segmented by resin type, technology, and application. On the basis of resin type, the market is segmented into acrylic, alkyd, polyurethane, epoxy, polyester, and other resin types (vinyl). On the basis of technology, the market is segmented into water-borne, solvent-borne, and other technologies (oil-based). On the basis of application, the market is segmented into professional and DIY. For each segment, the market sizing and forecasts were made based on revenue (USD).

Resin Type
Acrylic
Alkyd
Polyurethane
Epoxy
Polyester
Other Resin Types (Vinyl)
Technology
Water-borne
Solvent-borne
Other Technologies (Oil-based)
Application
Professional
DIY
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Saudi Arabia Architectural Paints Market Size Summary

The architectural paints market in Saudi Arabia is poised for growth, driven by the expansion of the construction sector and the burgeoning tourism industry, which is boosting commercial construction activities. The market is experiencing a shift towards innovative coatings technologies, such as wash-free and bacteria-free options, which are expected to create new opportunities despite challenges like the availability of substitute materials and oil price fluctuations. The demand for customization in interior and exterior spaces further propels market growth, with acrylic resins playing a significant role due to their versatility and durability in various applications. The construction boom, fueled by Saudi Arabia's Vision 2030 strategy, is a key contributor to the market's expansion, with numerous large-scale projects necessitating substantial architectural paint supplies.

The preference for water-borne paints is increasing, driven by environmental concerns and stricter VOC emission regulations, aligning with the country's focus on health and safety standards. Government initiatives promoting sustainable development and green building practices are further enhancing the demand for these eco-friendly solutions. The involvement of international partners, such as China, in Saudi Arabia's development projects underscores the global interest in the region's economic diversification efforts. The market is partially consolidated, with major players like Jotun, Jazeera Paints, and Hempel A/S leading the charge. These dynamics indicate a robust growth trajectory for the architectural paints market in Saudi Arabia over the forecast period.

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Saudi Arabia Architectural Paints Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growth of Construction Sector in Saudi Arabia

      2. 1.1.2 Increasing Commercial Construction Aided by Surge in the Tourism Industry

    2. 1.2 Restraints

      1. 1.2.1 Replacement from Substitute Materials

      2. 1.2.2 Fluctuation in Oil Prices

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Resin Type

      1. 2.1.1 Acrylic

      2. 2.1.2 Alkyd

      3. 2.1.3 Polyurethane

      4. 2.1.4 Epoxy

      5. 2.1.5 Polyester

      6. 2.1.6 Other Resin Types (Vinyl)

    2. 2.2 Technology

      1. 2.2.1 Water-borne

      2. 2.2.2 Solvent-borne

      3. 2.2.3 Other Technologies (Oil-based)

    3. 2.3 Application

      1. 2.3.1 Professional

      2. 2.3.2 DIY

Saudi Arabia Architectural Paints Market Size FAQs

The Saudi Arabia Architectural Paints Market size is expected to reach USD 0.86 billion in 2024 and grow at a CAGR of greater than 3% to reach USD 1.02 billion by 2029.

In 2024, the Saudi Arabia Architectural Paints Market size is expected to reach USD 0.86 billion.

Saudi Arabia Architectural Paints Market Report Snapshots

Saudi Arabia Architectural Paints Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)