Saudi Arabia Paints & Coatings Market - Growth, Trends, and Forecast (2019- 2024)

The market is segmented by Resin Type (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Other Resin Types), Technology (Water-borne, Solvent-borne, Radiation cure, and Other Technologies), End-user Industry (Architectural, Automotive, Wood, Industrial, Transportation, and Packaging)

Market Snapshot

Saudi Arabia Paints and Coatings market - summary
Study Period:


Base Year:


Key Players:

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Market Overview

Saudi Arabia paints & coatings market is expected to record a CAGR of over 4% during the forecast period of 2019–2024. The major factor driving the market studied is an increase in private investment participation. 

  • Increasing raw material prices is expected to hinder the growth of the market studied.
  • Rising demand for eco-friendly products is likely to act as an opportunity for the market studied in the forecast period.

Scope of the Report

Saudi Arabia paints & coatings market report includes:

Resin Type
Other Resin Types
Radiation cure
Other Technologies
End-user Industry

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Key Market Trends

Increasing Private Investment Participation is Expected to Drive the Market

  • The Saudi government has played a key role in increasing private investment participation. The government helps investors by providing them – support during cross border trade in order to access new markets; establishing cities or zones, which specialize in manufacturing of coatings, and hence, maintaining high level of attractiveness to potential investors; facilitating the provision of joint benefit services and facilities; the creation of attractive, profitable, and tangible investment opportunities; and enhancing competition locally and internationally.
  • In response to the market potential and the changes in the Kingdom, 13 local and foreign investors have agreed to sign non-binding statements of intent (SOI) with Saudi Arabian General Investment Authority (SAGIA) to further discuss future investments in the Kingdom. Dow became the first company to obtain a trading license from the Government of Saudi Arabia, permitting full ownership in the trading sector.
  • The Saudi government’s joint ventures include collaborating with various international market leaders, which is leading to an increase in its production base.
  • The coating facility, located in PlasChem Park in Jubail, will address the needs of the Saudi market, with an innovative range of acrylic-based polymers for water treatment, industrial, and architectural coating applications.
  • These factors are expected to increase private investments in the construction sector, which, in turn, is likely to increase the usage of paints and coatings over the forecast period.
Saudi Arabia Paints and Coatings market - construction 11

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Architectural Industry to Drive the Market

  • Paints and coatings are used on both Interior and Exterior of structures. Paints and Coatings not only add colors or serve for decorative purposes, but also to perform a wide range of functions.
  • In the interior of the houses, for example in the bathroom walls because of the moisture the bathroom walls need to have wipe-ability for keeping them clean. Paints with glossier sheens have a tighter molecular structure than flat paints, making it more difficult for moisture to penetrate. So these types of paints are used in the bathroom.
  • On the exterior of the house, the paints and coatings are not only used to give them a new look but also to protect it from blistering summers, freezing winters, soaking rain, and the daily bombardment of UV radiation without fading, peeling away, and cracking.
  • Therefore, as there is a growing architectural market there is a continuous demand for the paints and coatings market in this sector during the forecast period.
  • The country’s primary growth in construction has been largely powered by the massive investments done by the government and increased inflow of FDI. Few major construction projects are as follow:
    • Junail II
    • Makkah Grand Mosque Redevelopment
    • King Abdullah Port Expansion
    • The Kingdom Tower, Jeddah
    • King Abdullah Economics City of Rabigh etc.
  • These developments in the construction sector are partly due to the robust economic growth and its positive implications on corporate profits, household income, and the state of public finances.
  • These factors are boosting the demand for architectural paints and coatings market in the country.
Saudi Arabia Paints and Coatings market - End-user

Competitive Landscape

Saudi Arabia paints & coatings market is fragmented. The major companies include Al-Jazeera, Jotun, AkzoNobel NV, and National Paints Factories Co. Ltd., among others.

Major Players

  1. Akzo Nobel N.V.
  2. Jazeera Paints
  3. Jotun
  4. National Paints Factories Co. Ltd.

* Complete list of players covered available in the table of contents below

Saudi Arabia Paints and Coatings market - concentration

Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Increasing Private Investment Participation

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Increasing Raw Material Prices

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porters 5 Force Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition


    1. 5.1 Resin Type

      1. 5.1.1 Acrylic

      2. 5.1.2 Alkyd

      3. 5.1.3 Polyurethane

      4. 5.1.4 Epoxy

      5. 5.1.5 Polyester

      6. 5.1.6 Other Resin Types

    2. 5.2 Technology

      1. 5.2.1 Water-borne

      2. 5.2.2 Solvent-borne

      3. 5.2.3 Radiation cure

      4. 5.2.4 Other Technologies

    3. 5.3 End-user Industry

      1. 5.3.1 Architectural

      2. 5.3.2 Automotive

      3. 5.3.3 Wood

      4. 5.3.4 Industrial

      5. 5.3.5 Transportation

      6. 5.3.6 Packaging


    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 AkzoNobel NV

      2. 6.4.2 Al Jazeera Paints

      3. 6.4.3 BASF SE

      4. 6.4.4 Jotun

      5. 6.4.5 Kansai Paints

      6. 6.4.6 National Paints Factory Co. Ltd

      7. 6.4.7 PPG Industries (Sigma Paints)

      8. 6.4.8 Protech Powder Coatings

      9. 6.4.9 Sak Coat

      10. 6.4.10 The Sherwin Williams Company

      11. 6.4.11 United Coatings Industries

      12. 6.4.12 Zamil Industrial Coatings (ZINDCO)

    5. *List Not Exhaustive

    1. 7.1 Rising Demand For Eco-friendly Products

    2. 7.2 Other Opportunities

**Subject to Availability

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