Saudi Arabia Paints and Coatings Additives Market Size

Saudi Arabia Paints and Coatings Additives Market Future Prospects

The Saudi Arabian paints and coatings additives market will generate an estimated revenue of USD 336.8 million in 2024, which is expected to witness a CAGR of 3.0% during 2024–2030, to reach USD 401.7 million by 2030. This is due to the rising rate of urbanization and increasing construction activities in both the residential and commercial sectors. Moreover, the surging awareness regarding the importance of protection for infrastructure is propelling the adoption of advanced paints and coatings additives.

Moreover, the oil and gas industry use these chemicals for maintaining pipelines, offshore structures, and storage tanks. These additives increase durability in harsh environments and provide corrosion resistance.

Furthermore, the trend of upgrading and renovating existing buildings is expanding the demand for these materials, resulting from the industry’s adaptability to changing consumer needs. Additionally, technological advancements, including innovations in nanotechnology and smart coatings, will offer opportunities for market expansion in the forecast period.