Saudi Arabia Industrial Coatings Market Size & Outlook
Saudi Arabia industrial coatings market, 2018-2030 (US$M)
Saudi Arabia industrial coatings market highlights
- The Saudi Arabia industrial coatings market generated a revenue of USD 1,227.1 million in 2023 and is expected to reach USD 1,368.7 million by 2027.
- The Saudi Arabia market is expected to grow at a CAGR of 2.8% from 2024 to 2027.
- In terms of segment, acrylic was the largest revenue generating product in 2023.
- Acrylic is the most lucrative product segment registering the fastest growth during the forecast period.
Industrial coatings market data book summary
| Market revenue in 2023 | USD 1,227.1 million |
| Market revenue in 2027 | USD 1,368.7 million |
| Growth rate | 2.8% (CAGR from 2023 to 2027) |
| Largest segment | Acrylic |
| Fastest growing segment | Acrylic |
| Historical data | 2016 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Acrylic, Alkyd, Polyurethane, Epoxy, Polyesters, Other |
| Key market players worldwide | Akzo Nobel NV, Axalta Coating Systems Ltd, PPG Industries Inc, Sherwin-Williams Co, Nippon Paint Holdings Co Ltd, NKT A/S |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.4% of the global industrial coatings market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2027.
- In Middle East & Africa, Saudi Arabia industrial coatings market is projected to lead the regional market in terms of revenue in 2027.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,103.1 million by 2027.
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Industrial Coatings Market Scope
Industrial Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia industrial coatings market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial coatings market will help companies and investors design strategic landscapes.
Acrylic was the largest segment with a revenue share of 35.85% in 2023. Horizon Databook has segmented the Saudi Arabia industrial coatings market based on acrylic, alkyd, polyurethane, epoxy, polyesters, other covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia is among the largest oil-producing countries in the world. The upstream segment of oil & gas business involves the execution of activities in the harshest offshore environments and requires industrial coatings to prevent corrosion of equipment and machinery.
Increasing production of oil & gas in the country to balance the global demand is expected to drive the demand for industrial coatings over the forecast period. In addition, the efforts exerted by the government to support the growth of industrial sector and achieve economic goals are anticipated to contribute to the growth of the industrial coatings market in the coming years.
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Our clientele includes a mix of industrial coatings market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia industrial coatings market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia industrial coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia industrial coatings market size, by product, 2018-2030 (US$M)
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