Saudi Arabia Intumescent Coatings Market Size & Outlook
Saudi Arabia intumescent coatings market, 2018-2030 (US$M)
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Saudi Arabia intumescent coatings market highlights
- The Saudi Arabia intumescent coatings market generated a revenue of USD 43.7 million in 2022 and is expected to reach USD 78.4 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 7.6% from 2023 to 2030.
- In terms of segment, epoxy-based was the largest revenue generating type in 2022.
- Water-based is the most lucrative type segment registering the fastest growth during the forecast period.
Intumescent coatings market data book summary
| Market revenue in 2022 | USD 43.7 million |
| Market revenue in 2030 | USD 78.4 million |
| Growth rate | 7.6% (CAGR from 2022 to 2030) |
| Largest segment | Epoxy-based |
| Fastest growing segment | Water-based |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Water-based, Solvent-based, Epoxy-based |
| Key market players worldwide | Akzo Nobel NV, Contango Holdings PLC, NKT A/S, Sherwin-Williams Co, RPM International Inc, PPG Industries Inc, 3M Co, Sika AG, TOR Minerals International Inc |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 3.8% of the global intumescent coatings market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia intumescent coatings market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 78.4 million by 2030.
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Intumescent Coatings Market Scope
Intumescent Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia intumescent 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 intumescent coatings market will help companies and investors design strategic landscapes.
Epoxy-based was the largest segment with a revenue share of 48.51% in 2022. Horizon Databook has segmented the Saudi Arabia intumescent coatings market based on water-based, solvent-based, epoxy-based covering the revenue growth of each sub-segment from 2018 to 2030.
The oil & gas segment is projected to witness significant growth in Saudi Arabia. The upstream segment of the oil & gas business involves the execution of activities in the harshest offshore environments and requires intumescent coatings to protect equipment and machinery.
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Increasing production of oil & gas in the country to balance the global demand is expected to drive the demand for intumescent coatings over the forecast period. The construction industry in Saudi Arabia majorly contributes to the demand for intumescent coatings.
The participation of private players in infrastructure development activities is expected to rise over the forecast period, which, in turn, is expected to drive the demand for intumescent coatings for its use in construction over the coming years.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia intumescent coatings market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia intumescent coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia intumescent coatings market size, by type, 2018-2030 (US$M)
Saudi Arabia Intumescent Coatings Market Outlook Share, 2022 & 2030 (US$M)
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