Saudi Arabia Paints and Coatings Additives Market Analysis

Saudi Arabia Paints and Coatings Additives Industry Analysis

Resin Insights

• The acrylic category will hold the largest market share, of 40%, in 2024. This growth is due to the numerous applications of acrylic paints in various sectors, including construction, automotive, and consumer goods.
• Moreover, the excellent properties of acrylic resins, which include durability, weather resistance, and UV stability, make them ideal for exterior-related applications.
• They are beneficial in Saudi Arabia's severe climate, which features high temperatures.

The resins analyzed in this report are:

• Acrylic (Largest Category)
• Alkyd
• Polyurethane (Fastest-Growing Category)
• Epoxy
• Polyester
• Others

Additive Insights

• The rheology modifiers category is projected to grow at the highest CAGR, of 3.5%, during 2024–2030, as well as hold the largest market share, in 2024.
• This is due to their ability to change the flow of painting formulations.
• In addition, they help in reducing the dripping and spattering of paints, which enables smooth application.
• Moreover, during the storage and transportation of paints, this modifier helps prevent the sedimentation of pigments.
• They also act as thickeners and are mostly utilized in the industrial, automotive, and architectural industries.

The additives covered in the report are:

• Rheology Modifiers (Largest and Fastest-Growing Category)
• Biocides
• Anti-Foamers
• Wetting & Dispersing Agents
• Others

Product Insights

• The decorative category will hold the larger market share, in 2024. This is due to the rising demand for paints and coatings in a wide range of applications, including floors, walls, and wood and furniture.
• In the upcoming years, customers' growing desire for aesthetics and to customize, embellish, and beautify their living spaces will propel the market in this category.

The products analyzed in the report are:

• Decorative (Larger Category)
• Industrial (Faster-Growing Category)

Technology Insights

• The solvent-based category will hold the largest market share, in 2024. This is because of their fast drying, strength, and excellent adherence to a wide range of surfaces.
• Moreover, these coatings are widely utilized in industries, including petrochemicals, oil and gas, and construction, which are significant contributors to the country’s economy.
• These industries require high-performance coatings that can withstand extreme temperatures and harsh environments.

The technologies covered in this report include:

• Water (Fastest-Growing Category)
• Solvent (Largest Category)
• Powder

End User Insights

• The architectural category will account for the largest market share, of 45%, in 2024. This is primarily due to the increasing construction activities in the residential, commercial, and institutional sectors.
• This category is driven by the rising large-scale infrastructure projects, demand for residential and commercial buildings, and surging urban developments.
• These projects need a wide variety of products, including primers, varnishes, sealers, and exterior and interior paints.
• The rising need for high-performance and durable coatings is particularly high due to the harsh climatic conditions in Saudi Arabia, which increases the demand for paints and coatings additives.

The following end users are included in the report:

• Architectural (Largest Category)
• Automotive (Fastest-Growing Category)
• Protective
• General Industrial
• Others