Paint and Coating Market in Saudi Arabia Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Saudi Arabian Paints and Coatings Market Report is Segmented by Technology (Water-Borne Coatings, Solvent-Borne Coatings, Powder Coatings, and Other Technologies), Resin Type (Acrylic Resin, Alkyd Resin, Polyurethane Resin, Epoxy Resin, Polyester Resin, and Other Resin Types), and End-User Industry (Architectural, Automotive Coatings, Industrial Wood Coatings, Protective Coatings, General Industrial Coatings, Transportation Coatings, and Packaging Coatings). The Report Offers Market Size and Forecast in Value (USD) for the Above Segments.

Paint and Coating Market in Saudi Arabia Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Saudi Arabia Paints And Coatings Market Size

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Saudi Arabia Paints and Coatings Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 1.55 Billion
Market Size (2030) USD 1.86 Billion
CAGR (2025 - 2030) 3.79 %
Market Concentration Medium

Major Players

Saudi Arabia Paints and Coatings Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Saudi Arabia Paints And Coatings Market with other markets in Chemicals & Materials Industry

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Saudi Arabia Paints And Coatings Market Analysis

The Saudi Arabia Paints And Coatings Market size is estimated at USD 1.55 billion in 2025, and is expected to reach USD 1.86 billion by 2030, at a CAGR of 3.79% during the forecast period (2025-2030).

The COVID-19 crisis in 2020 and 2021 led to a sharp shrinkage in demand for the product. Capacity shutdowns and cancellation of major projects in several key end-user industries continue to create pressure on this market’s value chain. The country’s real estate market was severely affected by the COVID-19 pandemic. Residential real estate was the worst hit as strict lockdown measures across major cities resulted in suspending home registrations. Moreover, the pandemic halted all manufacturing and industrial activities, thus negatively impacting the demand in the paints and coatings market. However, the sector has been recovering well since restrictions were lifted. Over the last two years, increased house sales, increasing demand for new office and commercial spaces, and a booming oil and gas industry market have led to market recovery.

• Over the short term, increasing demand from residential and commercial construction activities and rising demand from the oil and gas industry are expected to drive the market’s growth.

• On the flip side, the impact of raw material prices is expected to hinder the market's growth.

• The developing automotive sector in the country offers various opportunities for the growth of the market studied.

Saudi Arabia Paints And Coatings Industry Overview

The Saudi Arabian paints and coatings market is partially consolidated in nature. Major companies (not in any particular order) include Jazeera Paints, Jotun, Akzo Nobel NV, and Hempel Paints.

Saudi Arabia Paints And Coatings Market Leaders

  1. Jotun

  2. Jajeera Paints

  3. Hempel Paints

  4. Akzo Nobel NV

  5. *Disclaimer: Major Players sorted in no particular order
Saudi Arabia Paints And Coatings Market Concentration
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Saudi Arabia Paints And Coatings Market News

  • March 2024: Hempel launched Hempatherm IC. It is a thermal insulation coatings system. It manages Corrosion Under Insulation (CUI). This system is a hydrophobic coating containing Aerogel technology to prevent water ingress and retention on industrial assets.
  • January 2024: The Sherwin-Williams Company introduced a new water-based wood coating named Sher-wood Environmentally Adaptable (EA) Hydroplus. This water-based wood coating offers enhanced adaptability to various environmental conditions without the performance drawbacks common with water-based coatings.

Saudi Arabia Paint & Coating Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Increasing Demand from Residential and Commercial Construction Activities
    • 4.1.2 Rising Demand from the Oil and Gas Industry
  • 4.2 Restraints
    • 4.2.1 Impact of Raw Material Prices
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size by Value)

  • 5.1 Technology
    • 5.1.1 Water-borne Coatings
    • 5.1.2 Solvent-borne Coatings
    • 5.1.3 Powder Coatings
    • 5.1.4 Other Technologies
  • 5.2 Resin Type
    • 5.2.1 Acrylic Resin
    • 5.2.2 Alkyd Resin
    • 5.2.3 Polyurethane Resin
    • 5.2.4 Epoxy Resin
    • 5.2.5 Polyester Resin
    • 5.2.6 Other Resin Types
  • 5.3 End-user Industry
    • 5.3.1 Architectural
    • 5.3.2 Automotive Coatings
    • 5.3.3 Industrial Wood Coatings
    • 5.3.4 Protective Coatings
    • 5.3.5 General Industrial Coating
    • 5.3.6 Transportation Coatings
    • 5.3.7 Packaging Coatings

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Share (%) Analysis
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Akzo Nobel NV
    • 6.3.2 BBC Paints
    • 6.3.3 Hempel A/S
    • 6.3.4 Jazeera Paints
    • 6.3.5 Jotun
    • 6.3.6 Kansai Paint Co. Ltd
    • 6.3.7 National Paints Factories Co. Ltd
    • 6.3.8 Protech Group
    • 6.3.9 Sak Coat
    • 6.3.10 Sigma Paints (PPG Industries Inc.)
    • 6.3.11 The Sherwin-Williams Company
    • 6.3.12 United Coating Industries
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Development in the Automotive Sector
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Saudi Arabia Paints And Coatings Industry Segmentation

Paints and coatings are homogeneous mixtures of pigments, binders, additives, and various other components. Upon application on a substrate, these paints and coating make a thin layer of the solid film through polymerization or evaporation. Paints and coatings are widely used to improve aesthetics and protect the substrate from deterrents like corrosion and other types of deterioration. Saudi Arabia paints and coatings market is segmented by resin type (acrylic resin, alkyd resin, polyurethane resin, epoxy resin, polyester resin, and other resin types), technology (water-borne coatings, solvent-borne coatings, powder coatings, and other technologies), and end-user industry (architectural, automotive coatings, protective coatings, general industrial coatings, transportation coatings, and packaging coatings). The report offers market size and forecasts revenue (USD million) for the above segments.

Technology Water-borne Coatings
Solvent-borne Coatings
Powder Coatings
Other Technologies
Resin Type Acrylic Resin
Alkyd Resin
Polyurethane Resin
Epoxy Resin
Polyester Resin
Other Resin Types
End-user Industry Architectural
Automotive Coatings
Industrial Wood Coatings
Protective Coatings
General Industrial Coating
Transportation Coatings
Packaging Coatings
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Saudi Arabia Paint & Coating Market Research FAQs

How big is the Saudi Arabia Paints And Coatings Market?

The Saudi Arabia Paints And Coatings Market size is expected to reach USD 1.55 billion in 2025 and grow at a CAGR of 3.79% to reach USD 1.86 billion by 2030.

What is the current Saudi Arabia Paints And Coatings Market size?

In 2025, the Saudi Arabia Paints And Coatings Market size is expected to reach USD 1.55 billion.

Who are the key players in Saudi Arabia Paints And Coatings Market?

Jotun, Jajeera Paints, Hempel Paints and Akzo Nobel NV are the major companies operating in the Saudi Arabia Paints And Coatings Market.

What years does this Saudi Arabia Paints And Coatings Market cover, and what was the market size in 2024?

In 2024, the Saudi Arabia Paints And Coatings Market size was estimated at USD 1.49 billion. The report covers the Saudi Arabia Paints And Coatings Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Saudi Arabia Paints And Coatings Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Paint and Coating in Saudi Arabia Industry Report

Saudi Arabia Paint and Coating Market is experiencing significant growth, driven by increased urbanization, construction activities, and a rising emphasis on sustainability. Segmented based on resin type, technology, and end-use industry, the market features acrylic, alkyd, polyurethane, epoxy, polyester, and others, with acrylic resin noted for its UV resistance and low VOC emissions. Technological segments within paint companies in Saudi Arabia include water-based, solvent-based, and powder-based coatings, with water-based solutions gaining traction due to environmental concerns. The diverse end-use industries include architectural, automotive, protective coatings, general industrial, and more. The architectural segment is particularly robust, driven by demand for both aesthetic and functional coatings in residential and commercial buildings. Overall, the market is shifting towards eco-friendly products and innovative technologies that enhance performance and durability, catering to the evolving needs of various industries. For detailed statistics, market share, size, revenue growth rate, and a forecast outlook of the Paint and Coating industry in Saudi Arabia, refer to Mordor Intelligence™ Industry Reports, which provide a comprehensive analysis and free report PDF download.