Saudi Arabia Floor Coatings Market Size (2024 - 2029)

The Saudi Arabia Floor Coatings Market is anticipated to experience growth, driven by increased residential and commercial construction activities following the COVID-19 pandemic. Despite the initial negative impact of the pandemic on construction, the market is set to recover as these activities resume. The industrial sector, particularly the chemical industry, continues to dominate the market, contributing significantly to its expansion. However, the environmental concerns associated with traditional floor coatings pose challenges to market growth. The development and performance of polyaspartic coatings present potential opportunities for further market expansion.

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Market Size of Saudi Arabia Floor Coatings Industry

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Saudi Arabia Floor Coatings Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.50 %
Market Concentration Medium

Major Players

Saudi Arabia Floor Coatings Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Saudi Arabia Floor Coatings Market Analysis

The Saudi Arabia Floor Coatings Market was valued at USD 340 million at the end of the year, and it is projected to register a CAGR of 4.5% during the forecast period. The COVID-19 pandemic negatively affected the market due to a halt in construction activities around the country. However, post-COVID-19, the country resumed residential and commercial construction activities which will help to revive the market in the coming years.

  • In the short term, rising residential and commercial construction activities in Saudi Arabia will likely drive the market.
  • On the flip side, the harmful environmental impact of conventional floor coatings may hinder the growth of the market.
  • The demand for floor coatings from the industrial sector dominated the market studied, and it is expected to grow during the forecast period due to the increasing demand from the chemical industry.
  • The promising performance of polyaspartic coatings is likely to act as an opportunity in the future.

Saudi Arabia Floor Coatings Industry Segmentation

Floor coatings are durable, protective layers applied to surfaces subjected to extreme wear or corrosion. Warehouses, chemical plants, and production floors are examples of typical applications. The market is segmented by product type, floor material, and end-user industry. By product type, the market is segmented into epoxy, polyaspartics, acrylic, polyurethane, and other product types. By floor material, the market is segmented into wood, concrete, and other floor materials. By end-user industry, the market is segmented into residential, commercial, and industrial. The report offers market size and forecasts in terms of revenue (USD million) for all the above segments.

Product Type
Epoxy
Polyaspartics
Acrylic
Polyurethane
Other Product Types
Floor Material
Wood
Concrete
Other Floor Materials
End-user Industry
Residential
Commercial
Industrial
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Saudi Arabia Floor Coatings Market Size Summary

The Saudi Arabia floor coatings market is experiencing a resurgence following the disruptions caused by the COVID-19 pandemic, which had temporarily stalled construction activities. As the country resumes its residential and commercial construction projects, the market is poised for growth. The demand for floor coatings is primarily driven by the industrial sector, with the chemical industry being a significant end-user due to its need for high-performance flooring in various facilities. Despite the promising opportunities presented by innovative coatings like polyaspartic, the market faces challenges from the environmental impacts of traditional floor coatings. Saudi Arabia's ambitious construction projects, including the Neom mega-city and the Jeddah Tower, are expected to further boost the demand for floor coatings, positioning the country as the largest market in the Middle East and Africa.

The industrial segment remains the dominant force in the Saudi floor coatings market, with key sectors such as chemical, automotive, and food and beverages driving consumption. The need for chemical-resistant and hygienic flooring solutions is particularly critical in these industries to maintain safety and prevent contamination. The automotive sector, for instance, requires durable coatings to enhance floor strength and aesthetics while ensuring operational efficiency in production plants. The market is partially consolidated, with major players like Akzo Nobel N.V., Jotun, and Kansai Paint Co., Ltd. playing significant roles. As Saudi Arabia continues to invest in large-scale infrastructure and development projects, the floor coatings market is expected to witness sustained growth, supported by both industrial demand and ongoing construction activities.

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Saudi Arabia Floor Coatings Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Awareness of the Advantages of Floor Coatings

      2. 1.1.2 Increasing Construction Activities in Saudi Arabia

    2. 1.2 Restraints

      1. 1.2.1 Harmful environmental impact of conventional Floor coatings

    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 (Value in USD Million)

    1. 2.1 Product Type

      1. 2.1.1 Epoxy

      2. 2.1.2 Polyaspartics

      3. 2.1.3 Acrylic

      4. 2.1.4 Polyurethane

      5. 2.1.5 Other Product Types

    2. 2.2 Floor Material

      1. 2.2.1 Wood

      2. 2.2.2 Concrete

      3. 2.2.3 Other Floor Materials

    3. 2.3 End-user Industry

      1. 2.3.1 Residential

      2. 2.3.2 Commercial

      3. 2.3.3 Industrial

Saudi Arabia Floor Coatings Market Size FAQs

The Saudi Arabia Floor Coatings Market is projected to register a CAGR of greater than 4.5% during the forecast period (2024-2029)

Akzo Nobel N.V., Jotun, Kansai Paint Co.,Ltd. , National Paints Factories Co. Ltd and Jazeera Paints are the major companies operating in the Saudi Arabia Floor Coatings Market.

Saudi Arabia Floor Coatings Report Snapshots

Saudi Arabia Floor Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)