Saudi Arabia Architectural Paints Market Size (2024 - 2029)

Saudi Arabia Architectural Paints Market Analysis

The Saudi Arabia Architectural Paints Market size is estimated at USD 0.86 billion in 2024, and is expected to reach USD 1.02 billion by 2029, growing at a CAGR of greater than 3% during the forecast period (2024-2029).

• The growth of the construction sector in Saudi Arabia and the increasing commercial construction aided by a surge in the tourism industry are driving the demand for architectural paints in Saudi Arabia.
• Conversely, replacement from substitute materials and fluctuation in oil prices are expected to hinder the market's growth.
• Nevertheless, new introductions and technological advancements in coatings, such as wash-free, stain-free, bacteria-free, and anti-mosquito coatings, and increasing demand for customization solutions for interior and exterior spaces are expected to offer growth opportunities for the market.

Saudi Arabia Architectural Paints Industry Segmentation

Architectural paint includes interior and exterior paints, primers, sealers, varnishes, and stains. The report covers all types of paints used for office buildings, warehouses, convenience stores, shopping malls, and homes. The infrastructure segment, which consists of roads, bridges, and railways, does not fall within this category. Architectural paint also includes paints that are applied to new constructions and renovation works in old buildings.

The architectural paints market is segmented by resin type, technology, and application. On the basis of resin type, the market is segmented into acrylic, alkyd, polyurethane, epoxy, polyester, and other resin types (vinyl). On the basis of technology, the market is segmented into water-borne, solvent-borne, and other technologies (oil-based). On the basis of application, the market is segmented into professional and DIY. For each segment, the market sizing and forecasts were made based on revenue (USD).