Market Size of United Arab Emirates Floor Coatings Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 4.10 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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UAE Floor Coatings Market Analysis
The United Arab Emirates Floor Coatings Market was valued at USD 1260 million at the end of the year and it is projected to register a CAGR of 4.1% during the forecast period. The COVID pandemic negatively affected the market due to a halt in construction activities around the country. However, post-COVID, the country resumed residential and commercial construction activities which will help to revive the floor coatings market.
- In the short term, rising residential and commercial construction activities in the United Arab Emirates will likely drive the market.
- On the flip side, the harmful environmental impact of conventional floor coatings hinders the market's growth.
- The demand for floor coatings from the industrial sector dominated the market studied, and it is expected to grow during the forecast period due to the increasing demand from the chemical industry.
- The promising performance of polyaspartic coatings is likely to act as an opportunity in the future.
UAE Floor Coatings Industry Segmentation
Floor coatings are durable, protective layers applied to surfaces subjected to extreme wear or corrosion. Warehouses, chemical plants, and production floors are examples of typical applications. The market is segmented by product type, floor material, and end-user industry. By product type, the market is segmented into epoxy, polyaspartics, acrylic, polyurethane, and other product types. By floor material, the market is segmented into wood, concrete, and other floor materials. By end-user industry, the market is segmented into residential, commercial, and industrial. The report offers market size and forecasts in terms of revenue (USD million) for all the above segments.
| Product Type | |
| Epoxy | |
| Polyaspartics | |
| Acrylic | |
| Polyurethane | |
| Other Product Types |
| Floor Material | |
| Wood | |
| Concrete | |
| Other Floor Materials |
| End-user Industry | |
| Residential | |
| Commercial | |
| Industrial |
United Arab Emirates Floor Coatings Market Size Summary
The United Arab Emirates floor coatings market is experiencing a resurgence following the disruptions caused by the COVID-19 pandemic, which had halted construction activities across the country. As residential and commercial construction activities resume, the market is poised for growth, driven by the increasing demand from the industrial sector, particularly the chemical industry. The market is characterized by the dominance of epoxy floor coatings, which are widely used in industrial and commercial applications due to their durability and ability to withstand heavy loads. The industrial segment remains the largest consumer of floor coatings, with significant demand from sectors such as chemicals, automotive, and manufacturing, as well as food and beverages, where hygiene and safety are paramount.
Despite the positive outlook, the market faces challenges due to the environmental impact of conventional floor coatings. However, the promising performance of polyaspartic coatings presents a potential opportunity for future growth. The UAE's favorable economic conditions, such as low fuel costs and a supportive tax regime, have bolstered the automobile sector, leading to increased construction of automotive warehouses and, consequently, a rise in demand for epoxy floor coatings. The market is partially consolidated, with key players like Akzo Nobel N.V., Jotun, Kansai Paint Co., Ltd., National Paints Factories Co. Ltd., and The Sherwin-Williams Company playing significant roles in shaping the competitive landscape.
United Arab Emirates Floor Coatings Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Awareness of the Advantages of Floor Coatings
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1.1.2 Increasing Construction Activities in United Arab Emirates
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1.2 Restraints
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1.2.1 Harmful environmental impact of conventional Floor coatings
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1.3 Industry Value-Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Value in USD Million)
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2.1 Product Type
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2.1.1 Epoxy
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2.1.2 Polyaspartics
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2.1.3 Acrylic
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2.1.4 Polyurethane
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2.1.5 Other Product Types
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2.2 Floor Material
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2.2.1 Wood
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2.2.2 Concrete
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2.2.3 Other Floor Materials
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2.3 End-user Industry
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2.3.1 Residential
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2.3.2 Commercial
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2.3.3 Industrial
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United Arab Emirates Floor Coatings Market Size FAQs
What is the current United Arab Emirates Floor Coatings Market size?
The United Arab Emirates Floor Coatings Market is projected to register a CAGR of greater than 4.10% during the forecast period (2024-2029)
Who are the key players in United Arab Emirates Floor Coatings Market?
Akzo Nobel N.V., Jotun, National Paints Factories Co. Ltd, The Sherwin-Williams Company and Kansai Paint Co.,Ltd. are the major companies operating in the United Arab Emirates Floor Coatings Market.
