United Arab Emirates (UAE) Paints and Coatings Market Size (2024 - 2029)

The market size of the paints and coatings industry in the United Arab Emirates is experiencing growth, driven by increased commercial construction activities and the revival of infrastructural projects post-pandemic. Despite challenges such as fluctuating raw material prices, the market is poised for expansion, with nanotechnology presenting new opportunities. The architectural sector remains the dominant end-user, contributing significantly to the market's development.

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Market Size of United Arab Emirates (UAE) Paints and Coatings Industry

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United Arab Emirates Paints and Coatings Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 3.00 %
Market Concentration High

Major Players

United Arab Emirates Paints and Coatings Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Paint in UAE Market Analysis

The United Arab Emirates paints and coatings market is expected to reach over USD 770 million by the end of this year. It is expected to register a CAGR of more than 3% during the forecast period.

The Covid pandemic negatively affected the current studied market. However, post covid pandemic, the rising implementation of infrastructural projects revived the country's paints and coatings market.

  • The increasing commercial construction activities in the United Arab Emirates are driving the demand for the market studied.
  • Conversely, fluctuation in raw material prices is estimated to hamper the market's growth.
  • The nanotechnology used in the paints and coatings industry is expected to offer various market growth opportunities during the forecast period.
  • In the end-user segment, the architectural sector dominated the market in the country.

Paint in UAE Industry Segmentation

Paints and coatings are utilized in the architectural, automotive, wood, industrial, transportation, and packaging industries. They are intended for several applications, such as corrosion resistance, damage prevention, decorative reasons, and others. The United Arab Emirates paints and coatings market is segmented by resin type, technology, and end-user industry. The market is segmented by resin type: acrylic, alkyd, polyurethane, epoxy, polyester, and other resin types. By technology, the market is segmented into water-borne, solvent-borne, powder, and other technologies. By end-user industry, the market is segmented into architectural, automotive, wood, protective coatings, general industrial, and Other end-user industries. For each segment, the market sizing and forecasts have been done based on revenue (USD million).

Resin Type
Acrylic
Alkyd
Polyurethane
Epoxy
Polyester
Other Resin Types
Technology
Water-borne coatings
Solvent-borne coatings
Powder coatings
Other Technologies
End-user Industry
Architectural
Automotive
Wood
Protective Coatings
General Industrial
Other End-user Industries
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United Arab Emirates (UAE) Paints and Coatings Market Size Summary

The paint industry in the United Arab Emirates is experiencing a resurgence, driven by increased commercial construction activities and infrastructural projects following the challenges posed by the Covid pandemic. The market is characterized by a growing demand for paints and coatings, particularly in the architectural sector, which remains the dominant end-user segment. The use of nanotechnology in the industry is anticipated to create new growth opportunities, despite challenges such as fluctuating raw material prices. Acrylic resins, known for their transparency, UV resistance, and environmental benefits, are increasingly favored in architectural coatings, contributing to the market's expansion. The UAE's strategic government initiatives and substantial investments in infrastructure further bolster the demand for paints and coatings, particularly in high-end construction applications.

The architectural paints and coatings segment is the largest within the UAE's paint industry, serving both commercial and residential purposes. These coatings are essential for protecting and enhancing the aesthetic appeal of buildings, offering durability against harsh environmental conditions. The market is consolidated, with major players like Akzo Nobel N.V., Jotun, Nippon Paint Holdings Co., Ltd., Sigma Paints, and The Sherwin-Williams Company leading the industry. Recent developments, such as PPG's acquisition of Arsonsisi's Powder Coatings Manufacturing Business and the introduction of new powder coatings for architectural metals, highlight the industry's dynamic nature and ongoing innovation. As the UAE continues to invest in infrastructure and development projects, the demand for paints and coatings, particularly from the architectural segment, is expected to witness significant growth in the coming years.

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United Arab Emirates (UAE) Paints and Coatings Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Commercial Construction Activities in the United Arab Emirates

      2. 1.1.2 Increasing demand from United Arab Emirates's Oil and gas industry

    2. 1.2 Restraints

      1. 1.2.1 Strict Regulations on the Usage of VOC-Free Contents

      2. 1.2.2 Fluctuations in the Prices of Raw Materials

    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

    2. 2.2 Technology

      1. 2.2.1 Water-borne coatings

      2. 2.2.2 Solvent-borne coatings

      3. 2.2.3 Powder coatings

      4. 2.2.4 Other Technologies

    3. 2.3 End-user Industry

      1. 2.3.1 Architectural

      2. 2.3.2 Automotive

      3. 2.3.3 Wood

      4. 2.3.4 Protective Coatings

      5. 2.3.5 General Industrial

      6. 2.3.6 Other End-user Industries

United Arab Emirates (UAE) Paints and Coatings Market Size FAQs

The United Arab Emirates (UAE) Paints and Coatings Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)

Jotun, Sigma Paints, Nippon Paint Holdings Co., Ltd., The Sherwin-Williams Company and Akzo Noble N.V. are the major companies operating in the United Arab Emirates (UAE) Paints and Coatings Market.

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