UAE Architectural Paints and Coatings Market Size
| Study Period | 2019-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 558.76 Million |
| Market Size (2029) | USD 736.88 Million |
| CAGR (2024 - 2029) | > 5.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
UAE Architectural Paints and Coatings Market Analysis
The UAE Architectural Paints And Coatings Market size is estimated at USD 558.76 million in 2024, and is expected to reach USD 736.88 million by 2029, growing at a CAGR of greater than 5% during the forecast period (2024-2029).
The COVID-19 outbreak caused nationwide lockdowns around the world, disruption in manufacturing activities and supply chains, and production halts, all of which had a negative impact on the market in 2020. Currently, the market has recovered from the pandemic. The market reached pre-pandemic levels in 2022 and is expected to grow steadily in the future.
- One of the primary drivers of the market includes increasing construction activities in the country.
- The rising environmental concerns regarding the usage of traditional architectural coatings are hindering the growth of the market in the country.
- Rising demand for eco-friendly products and upcoming mega projects are likely to act as opportunities for the market in the coming years.
- Among the resin types, acrylic resin type is expected to dominate the market.
UAE Architectural Paints and Coatings Market Trends
Increasing Residential and Commercial Construction in the Country
- In the United Arab Emirates, the construction sector has a promising outlook in the country of various government initiatives, such as the National Strategy of Higher Education 2030, the Sheikh Zayed Housing Program, and the Dubai Tourism Strategy.
- The construction industry of Dubai is one of the significant contributors to the UAE architectural paints and coatings market. Further, under UAE megaprojects 2023, here are 26 new developments in Dubai, Abu Dhabi, and the Northern Emirates.
- The domestic residential construction market is dominated by the United Arab Emirates' two significant cities, Dubai and Abu Dhabi. The UAE government has announced its decision to bridge the gap between the supply and demand of housing units.
- For example, in Abu Dhabi, according to ValuStrat Dhabi Real Estate review, the ValuStrat price index for residential rental villas and apartments reached 76.5 in 2022, thus fueling the market growth during the forecast period.
- According to Top Hotels Projects' January 2023 report, Dubai has 85 hotel projects under construction. There are 23,549 hotel rooms in total.
- The hospitality sector in the country is growing, too, owing to numerous investments made by various private enterprises. For example, according to a joint presentation by the UAE Ministry of Economy and UAE International Investors’ Council, healthcare spending in the United Arab Emirates will reach up to USD 26 billion by the year 2028, which will include almost 700 healthcare projects under development with a total investment of USD 60.9 billion, mainly carried out by the private sector.
- Such growth in the construction sector is expected to drive the market for architectural paints and coatings in the United Arab Emirates through the forecast period.
Acrylic Resin to Dominate the Market
- Acrylic resins account for the largest share in the market owing to its excellent color and gloss retention, as well as their superior weathering and UV resistance. The demand for acrylic coatings in the decorative coatings market has increased more rapidly than the overall market, mainly due to its low VOC emissions. This favors the demand from consumers for less harmful paints and coatings.
- Acrylic paints are the most widely used decorative paints. Acrylic coatings are primarily used in the construction industry for high-end finishes on roofs, walls, floors, and other applications.
- The application of acrylic coatings leads to high surface hardness. In specific applications, such as decks and roofing, acrylic coatings provide elastomeric finishes to improve the UV resistance of the surface if employed with some fluids.
- Further, acrylic coatings have acted as a replacement for solvent-borne coatings and other low-quality and low-durability budget coatings. Water-based acrylic coatings are in high demand due to environmental concerns, such as the negative impact of VOCs on air quality in the environment. It is expected to continue to grow in the coming years. Most of the acrylic coatings used in the country for decorative applications are water-based, especially in waterproofing applications.
- The two principal forms of acrylic used are thermoplastic and thermoset. Thermoplastics acrylic resins are synthetic resins achieved by polymerization of different acrylic monomers. Thermosets are cured at elevated temperatures by reacting them with other polymers.
- Thermoset acrylics are used in product finishes for several applications. They have significant performance advantages for gloss, exterior durability, corrosion resistance, chemical resistance, solvent resistance, and hardness.
- Hence, owing to the factors mentioned above, the acrylic resin type is expected to dominate the market.
UAE Architectural Paints and Coatings Industry Overview
The UAE architectural paints and coatings market is fragmented in nature. The major players in the studied market (not in any particular order) include NATIONAL PAINTS FACTORIES CO. LTD., Jotun, Caparol Paints, Al Gurg Paints LLC (Oasis Paints), and Gulf Paints, among others.
UAE Architectural Paints and Coatings Market Leaders
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Gulf Paints
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Al Gurg Paints LLC (Oasis Paints)
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NATIONAL PAINTS FACTORIES CO. LTD.
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Caparol Paints
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Jotun
*Disclaimer: Major Players sorted in no particular order
UAE Architectural Paints and Coatings Market News
- October 2023: National Paints Factories Co. Ltd. extended its sponsorship of Sharjah Football Club for the 8th year.
- June 2023: Jotun Paints UAE introduces two new products to its ‘Jotashield’ range of premium exterior paints. The paints have been formulated for durability and dust resistance to protect homes and buildings from damage caused by the region’s harsh climes.
- November 2022: Jotun Paints UAE opened its second inspiration shop in Dubai in collaboration with Gemini Building Materials Ltd. The new shop offers an extensive range of products in interior and exterior paints in Dubai.
UAE Architectural Paints & Coatings 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 Residential Construction Activities
4.1.2 Growing Commercial Construction Sector
4.2 Restraints
4.2.1 Environmental Impact and Regulations
4.2.2 Other Restraints
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 in Value)
5.1 Resin Type
5.1.1 Arcylic
5.1.2 Alkyd
5.1.3 Polyurethane
5.1.4 Epoxy
5.1.5 Other Resin Types (Urethanes, Etc.)
5.2 Technology
5.2.1 Water-borne
5.2.2 Solvent-borne
5.3 End-User
5.3.1 Residential
5.3.2 Commercial
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 AkzoNobel N.V.
6.4.2 Jazeera Paints
6.4.3 Caparol Paints
6.4.4 Gulf Paints
6.4.5 Hempel A/S
6.4.6 Jotun
6.4.7 Al Gurg Paints LLC (Oasis Paints)
6.4.8 NATIONAL PAINTS FACTORIES CO. LTD.
6.4.9 The Sherwin-Williams Company
6.4.10 Terraco Holdings Ltd.
6.4.11 Ritver
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Rising Demand for Eco-friendly Products
7.2 Other Opportunities
UAE Architectural Paints and Coatings Industry Segmentation
Architectural paints and coatings include paints and coatings used for commercial purposes, such as office buildings, warehouses, retail convenience stores, shopping malls, and residential buildings. It also includes the coatings used in the new construction and remodeling of old houses.
The UAE architectural paints and coatings market is segmented by resin type, technology, end-user industry, and geography. By resin type, the market is segmented into acrylic, alkyl, polyurethane, epoxy, polyester, and other resin types (urethanes, etc.). By technology, the market is segmented into water-borne and solvent-borne. By end-user industry, the market is segmented into residential and commercial. For each segment, the market sizing and forecasts have been done on the basis of value (USD).
| Resin Type | |
| Arcylic | |
| Alkyd | |
| Polyurethane | |
| Epoxy | |
| Other Resin Types (Urethanes, Etc.) |
| Technology | |
| Water-borne | |
| Solvent-borne |
| End-User | |
| Residential | |
| Commercial |
UAE Architectural Paints & Coatings Market Research FAQs
How big is the UAE Architectural Paints And Coatings Market?
The UAE Architectural Paints And Coatings Market size is expected to reach USD 558.76 million in 2024 and grow at a CAGR of greater than 5% to reach USD 736.88 million by 2029.
What is the current UAE Architectural Paints And Coatings Market size?
In 2024, the UAE Architectural Paints And Coatings Market size is expected to reach USD 558.76 million.
Who are the key players in UAE Architectural Paints And Coatings Market?
Gulf Paints, Al Gurg Paints LLC (Oasis Paints), NATIONAL PAINTS FACTORIES CO. LTD., Caparol Paints and Jotun are the major companies operating in the UAE Architectural Paints And Coatings Market.
What years does this UAE Architectural Paints And Coatings Market cover, and what was the market size in 2023?
In 2023, the UAE Architectural Paints And Coatings Market size was estimated at USD 530.82 million. The report covers the UAE Architectural Paints And Coatings Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the UAE Architectural Paints And Coatings Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
UAE Architectural Paints and Coatings Industry Report
Statistics for the 2024 UAE Architectural Paints and Coatings market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. UAE Architectural Paints and Coatings analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
