Saudi Arabia Powder Coatings Market By Type (Thermoset, Thermoplastic), By Application (Architectural, Furniture, Automotive, Consumer Goods, Metals, and Others), and By Region, Competition, Forecast, and Opportunities, 2028
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationSaudi Arabia Powder Coatings Market By Type (Thermoset, Thermoplastic), By Application (Architectural, Furniture, Automotive, Consumer Goods, Metals, and Others), and By Region, Competition, Forecast, and Opportunities, 2028
Saudi Arabia powder coatings market is anticipated to grow at an impressive rate during the forecast period. Due to their improved performance and positive effects on the environment, powder coatings, a type of dry finishing technique used to coat surfaces with a protective layer, have grown in popularity across a variety of industries in Saudi Arabia. The most challenging, resilient machinery and everyday household goods are both protected by powder coating. While still delivering an appealing appearance, it offers a more durable finish than liquid paints. Impact, moisture, chemicals, ultraviolet light, and other harsh weather conditions do not have the same effect on the coating quality of powder-coated objects as they do on other types of products.
As per the Government of Saudi Arabia, the Kingdom aims to produce about 300,000 cars by 2030 and will account for 50 percent of car sales in the Gulf Cooperation Council countries by 2025 from about 1.15 million cars, 62,000 of which are electric cars.
Besides that, powder coating has developed into a reliable and well-liked alternative to porcelain enamel on a variety of dryer and washer elements. The method is also used to coat aluminum extrusions for door and window frames as well as modular furniture in the construction and architectural industries. Nowadays, powder coatings are used for most buildings and highway construction projects. Guardrails, light poles, posts, signs, and fencing all use it. Powder coatings are used in the automotive industry on door handles, bumpers, wheels, hubcaps, truck beds, filters, radiators, various engine components, and areas with decorative trim and accents. Moreover, a clear powder coating is always used to protect the car's body. For instance, the method has been embraced by Volvo and BMW, which are currently utilizing it on their most recent models. Also, Ford, Chrysler, and GM have formed a consortium to test the technology on each of their various cars.
Growing Demand for Powder Coatings in the Construction Industry
As per the world transactions on engineering and technology education, the construction industry is one of the most important industries in Saudi Arabia, with an annual growth rate of 4.5% and a total value of more than USD 30 billion.
Rising Demand from the Automotive Industry
According to the International Trade Administration, the Middle East/North Africa (MENA) region is growing at an estimated 36%, with Saudi Arabia as the leading regional market. Saudi Arabia accounted for almost 52% of the vehicles sold in the Gulf Cooperation Council (GCC) and 35% in the MENA region in 2020. The total number of vehicles sold in Saudi Arabia in 2019 and 2020 was 556,000 and 436,000, respectively. Sales are projected to reach 543,000 units by 2025, with electric vehicles (EVs) making up only 32,000 units.
Market Segmentation
The Saudi Arabia powder coatings market is segmented based on type, application, and region. Based on type, the market is bifurcated into thermoset and thermoplastic. Based on application, the market is fabricated into architectural, furniture, automotive, consumer goods, metals, and others. Based on region, the market is divided into Northern & Central, Western, Southern, and Eastern.
Company Profiles
Jotun Saudi Arabia Co., Ltd., AkzoNobel Saudi Arabia Ltd, National Paints Factories Co., Ltd., Gulf Polyester Powder Coating Company (ALWAN), Sak Coat Powder Coatings, Arabian Industrial Metal Coating Co. (AIMCO), Zamil Industrial Coatings (ZINDCO) (Zamil Group), Axalta Coating Systems, BASF Saudi Arabia Limited, and PPG Industries are some of the key players in the Saudi Arabia powder coatings market.
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Attribute |
Details |
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Base Year |
2022 |
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Historic Data |
2018 – 2021 |
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Estimated Year |
2023 |
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Forecast Period |
2024 – 2028 |
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Quantitative Units |
Revenue in USD Million, Volume in Metric Tonnes, and CAGR for 2018-2022
and 2023-2028 |
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Report coverage |
Revenue forecast, volume forecast, company share, competitive landscape,
growth factors, and trends |
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Segments covered |
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Regional scope |
Northern & Central, Western, Southern, Eastern |
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Key companies profiled |
Jotun Saudi Arabia Co., Ltd., AkzoNobel Saudi Arabia Ltd, National
Paints Factories Co., Ltd., Gulf Polyester Powder Coating Company (ALWAN),
Sak Coat Powder Coatings, Arabian Industrial Metal Coating Co. (AIMCO), Zamil
Industrial Coatings (ZINDCO) (Zamil Group), Axalta Coating Systems, BASF
Saudi Arabia Limited, and PPG Industries |
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Customization scope |
10% free report customization with purchase. Addition or alteration to
country, regional & segment scope. |
|
Pricing and purchase options |
Avail customized purchase options to meet your exact research
needs. Explore
purchase options |
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Delivery Format |
PDF and Excel through Email (We can also provide the editable version
of the report in PPT/Word format on special request) |
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