Market Size of United Arab Emirates Protective Coatings Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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UAE Protective Coatings Market Analysis
By the end of the year, the protective coatings market in the United Arab Emirates was worth USD 63 million. The market is projected to register a CAGR of 3.5% during the forecast period. The COVID-19 pandemic has harmed the current study market. However, post-pandemic, the rising implementation of infrastructural projects has revived the country's protective coatings market.
- Growing infrastructure and industrialization are expected to drive the country's protective coatings market.
- Fluctuations in the prices of raw materials are expected to hamper the market's growth.
- During the forecast period, the growing demand for powder coatings is likely to give the market a number of chances to grow.
- The market for protective coatings in the country is expected to be led by the infrastructure coatings segment in the end-user segment.
UAE Protective Coatings Industry Segmentation
Protective coatings are materials applied to substrate surfaces of steel and concrete structures to protect them from environmental damage and corrosion. The market involves the usage of coatings on new structures, as well as the maintenance of existing structures. These structures can include industrial, commercial, and public infrastructure but exclude house buildings and private apartments. The protective coatings market is segmented by end-user industry, technology, and resin type. By end-user industry, the market is segmented into oil and gas, mining, power, infrastructure, and other end-user industries. By technology, the market is segmented into solvent-borne, waterborne, powder, and UV-cured. The market is segmented by resin type: acrylic, epoxy, alkyd, polyurethane, polyester, and others. The report offers market size and forecasts in terms of revenue (USD million) for all the above segments.
| End-user Industry | |
| Oil and Gas | |
| Mining | |
| Power | |
| Infrastructure | |
| Other End-user Industries |
| Technology | |
| Waterborne | |
| Solventborne | |
| Powder Coatings | |
| UV-Cured |
| Resin Type | |
| Acrylic | |
| Epoxy | |
| Alkyd | |
| Polyurethane | |
| Polyester | |
| Other Resin Types |
United Arab Emirates Protective Coatings Market Size Summary
The protective coatings market in the United Arab Emirates is experiencing a resurgence, driven by the country's expanding infrastructure and industrialization efforts. Despite the challenges posed by the COVID-19 pandemic, the market is poised for growth, with the infrastructure coatings segment leading the way. Protective coatings are essential for providing corrosion, water, and fire resistance, particularly in the oil and gas sector, which is a significant part of the UAE's economy. The discovery of new oil reserves and ongoing upstream projects are expected to further stimulate demand for protective coatings. However, fluctuations in raw material prices may pose challenges to market growth. The increasing demand for powder coatings presents new opportunities for market expansion.
The UAE's commitment to infrastructure development is evident in the launch of numerous projects by the Ministry of Infrastructure Development, which includes significant investments in federal roads and government buildings. These projects underscore the critical role of protective coatings in maintaining the integrity and aesthetics of steel structures, such as bridges and public buildings. The market is characterized by its fragmented nature, with key players like Akzo Nobel N.V., Jotun, Nippon Paint Holdings Co., Ltd., Sigma Paints, and The Sherwin-Williams Company actively participating. As the UAE continues to invest in infrastructure and oil production, the demand for protective coatings is expected to rise, supporting the market's growth trajectory during the forecast period.
United Arab Emirates Protective Coatings Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Infrastructure investments in United Arab Emirates
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1.1.2 Increasing demand from United Arab Emirates's Oil and gas industry
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1.2 Restraints
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1.2.1 Fluctuations in the prices of raw materials
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1.3 Industry Value-Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Value in USD Million)
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2.1 End-user Industry
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2.1.1 Oil and Gas
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2.1.2 Mining
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2.1.3 Power
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2.1.4 Infrastructure
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2.1.5 Other End-user Industries
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2.2 Technology
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2.2.1 Waterborne
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2.2.2 Solventborne
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2.2.3 Powder Coatings
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2.2.4 UV-Cured
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2.3 Resin Type
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2.3.1 Acrylic
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2.3.2 Epoxy
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2.3.3 Alkyd
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2.3.4 Polyurethane
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2.3.5 Polyester
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2.3.6 Other Resin Types
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United Arab Emirates Protective Coatings Market Size FAQs
What is the current United Arab Emirates Protective Coatings Market size?
The United Arab Emirates Protective Coatings Market is projected to register a CAGR of greater than 3.5% during the forecast period (2024-2029)
Who are the key players in United Arab Emirates Protective Coatings Market?
Akzo Noble N.V., Jotun , Nippon Paint Holdings Co., Ltd., Sigma Paints and The Sherwin-Williams Company are the major companies operating in the United Arab Emirates Protective Coatings Market.
