Saudi Arabia Paint Additives Market Overview: 2024-2030

Base Year: 2023

Historical Years: 2019-22

Forecast Years: 2024-30

The Saudi Arabia Paint Additives Market is estimated to grow at a CAGR of around 4.02% during the forecast period, i.e., 2024-30. In 2024, the Saudi Arabian paint additives market size was estimated to be around USD 131 million. The growth of the market can be attributed to the prevailing construction activities within the country. The growing paint demand from the real estate sector in Saudi Arabia is majorly contributing towards driving up demands for paints and paint additives. The companies manufacturing paint and coatings in the market have gradually been expanding their production capacities to accommodate growing demand from the construction industry.

Markntel Advisor’s Saudi Arabia Paint Additives Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Saudi Arabia Paint Additives Market drivers, barriers, Saudi Arabia Paint Additives Market Trends, and Key Players in Saudi Arabia Paint Additives Market.

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Saudi Arabia Paint Additives Market Dynamics: 2024-2030

Saudi Arabia Paint Additives Market Driver:

Escalating Hospitality Construction in the Country Propelling Paint Additives Demand- The increasing tourism trend in Saudi Arabia is leading to the surging establishment of hospitality buildings like hotels, restaurants, resorts, and luxury outdoor entertainment centers. The government of the nation is excessively focusing on the tourism sector to diversify its economy as well as to attract a great influx of tourists. Moreover, the trend of eating out and staycation in the country is also generating the demand and establishment of hospitality infrastructure. The megaprojects like the Red Sea Project and NEOM, within the major towns like Riyadh and Jeddah are the prominent examples of hospitality establishments across the nation. For Instance:

In 2022, the Saudi government announced the Aseer Development Project, an ambitious program to develop Saudi's mountainous Aseer region as one of the world's top tourist destinations, with over 10 million visitors targeted for 2030.

Increasing hospitality projects and construction works have created a huge demand for aesthetic and eye-catching infrastructure materials, thus raising the demand for aesthetic and durable paints. The growth in the hospitality sector leads to growing demand for sophisticated paint and coating solutions that enhance both the functionality and appearance of the property in a high-profile property. Paint additives play a key role in achieving great finishes such as anti-microbial properties, UV resistance against strong sun rays, and durability which helps in maintaining the look and feel of the surface over time. Specialized additives that support custom finishes, such as high-gloss and textured coatings, are thus necessary in creating luxurious and unique environments, surging their adoption in hospitality construction and driving the growth of the Saudi Arabian Paint Additives Market.

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Saudi Arabia Paint Additives Market (2024-30): Segmentation Outlook

The market report has segmented the market into the following categories:

·       By Product

o   Rheology Modifiers- Market Size & Forecast 2019-2030F, Tons

o   Biocides- Market Size & Forecast 2019-2030F, Tons

o   Anti-Foamers- Market Size & Forecast 2019-2030F, Tons

o   Wetting & Dispersion Agents- Market Size & Forecast 2019-2030F, Tons

o   Others (Stabilizers, Levelling Agents, etc.)- Market Size & Forecast 2019-2030F, Tons

According to report, Out of them all, the rheology modifiers segment accounts for a substantial market share in the overall Saudi Arabia Paint Additives Market.

·       By Formulation

o   Water-Based- Market Size & Forecast 2019-2030F, Tons

o   Solvent-Based - Market Size & Forecast 2019-2030F, Tons

o   Powder-Based- Market Size & Forecast 2019-2030F, Tons

o   Others (UV-Curable, High-Solid, etc.) - Market Size & Forecast 2019-2030F, Tons

According to report, Of them all, the water-based segment is propelling in the Saudi Arabia Paint Additives market owing to the wide-range applications in furniture, plastic, automobile, wood, & printing ink industries.

·       By End User

o   Automobiles & Transportation- Market Size & Forecast 2019-2030F, Tons

o   Furniture & Wood - Market Size & Forecast 2019-2030F, Tons

o   Buildings & Construction- Market Size & Forecast 2019-2030F, Tons

o   Others (Aerospace, Packaging, etc.) - Market Size & Forecast 2019-2030F, Tons

·       By Region

o   East

o   West

o   Central

o   South

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Top Companies Operating in the Saudi Arabia Paint Additives Market:

  • AkzoNobel Saudi Arabia Ltd
  • Arkema SA
  • BASF SE
  • Sigma Coatings
  • The Sherwin Williams Company
  • BYK-Chemie GMBH
  • Others.
  • Cabot Specialty Chemicals Inc.
  • Solvay Al Jubail
  • Jazeera Paints
  • Protec Pvt Ltd. 

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