Saudi Arabia Paints And Coatings Market Size & Outlook
Saudi Arabia paints and coatings market, 2018-2030 (US$M)
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Saudi Arabia paints and coatings market highlights
- The Saudi Arabia paints and coatings market generated a revenue of USD 3,537,220.8 million in 2023 and is expected to reach USD 5,092,155.1 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 5.3% from 2024 to 2030.
- In terms of segment, radiation cured coatings was the largest revenue generating product in 2023.
- Waterborne coatings is the most lucrative product segment registering the fastest growth during the forecast period.
Paints and coatings market data book summary
| Market revenue in 2023 | USD 3,537,220.8 million |
| Market revenue in 2030 | USD 5,092,155.1 million |
| Growth rate | 5.3% (CAGR from 2023 to 2030) |
| Largest segment | Radiation cured coatings |
| Fastest growing segment | Waterborne coatings |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Radiation cured coatings, Powder coatings, Waterborne coatings, Solvent-borne coatings |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.8% of the global paints and coatings market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia paints and 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 5,092,155.1 million by 2030.
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Paints and Coatings Market Scope
Paints and Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia paints and 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 paints and coatings market will help companies and investors design strategic landscapes.
Radiation cured coatings was the largest segment with a revenue share of 44.31% in 2023. Horizon Databook has segmented the Saudi Arabia paints and coatings market based on radiation cured coatings, powder coatings, waterborne coatings, solvent-borne coatings covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for paints and coatings in Saudi Arabia has been experiencing a significant rise due to several factors. Firstly, the country's construction and architectural sector has witnessed substantial growth, driven by mega projects such as the Red Sea Project and the Qiddiya entertainment city.
The country's comprehensive reform strategy, known as Vision 2030, is expected to further drive growth in the medium term, once fundamental improvements are completed.
Overall, the combination of construction projects, mega developments, and the marine industry has fueled the rising demand for paints and coatings in Saudi Arabia.
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Our clientele includes a mix of paints and coatings market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia paints and coatings market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia paints and coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia paints and coatings market size, by product, 2018-2030 (US$M)
Saudi Arabia Paints and Coatings Market Outlook Share, 2023 & 2030 (US$M)
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