UAE Automotive Coatings Market By Vehicle Type (Two-Wheeler, Passenger Car, LCV, M&HCV, OTR), By Technology (Water-Borne, Solvent-Borne, Powder Coating, Others), By Resin Type (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, Others), By Application (Primer, Clearcoat, Basecoat, Others), By Demand Category (OEM, Aftermarket), By Region, Competition Forecast & Opportunities, 2027
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Automotive | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationUAE Automotive Coatings Market By Vehicle Type (Two-Wheeler, Passenger Car, LCV, M&HCV, OTR), By Technology (Water-Borne, Solvent-Borne, Powder Coating, Others), By Resin Type (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, Others), By Application (Primer, Clearcoat, Basecoat, Others), By Demand Category (OEM, Aftermarket), By Region, Competition Forecast & Opportunities, 2027
UAE automotive coatings market is anticipated to grow at a steady CAGR in the forecast period, 2023-2027. The high demand from the flourishing automotive industry and the stringent emission regulations regarding paint & coating products are the primary factors driving the UAE automotive coatings market. Also, the high-end investments in research and development activities to find innovative solutions and satisfy the demand for economical and long-lasting plastic painting solutions are expected to fuel the UAE automotive coatings market growth over the forecast period.
High Demand for Sustainable Metal Coating Solutions Drives the Market Growth
Metal costing solutions have less residual toxicity levels and are affordable compared to the other automotive coatings present in the market. The market is moving toward adopting sustainable and economical solutions to reduce harmful emissions into the environment. The growing environmental concerns and the need to achieve net-zero carbon emission coupled with stringent emission norms and regulations imposed by the leading authorities are making the automotive coating manufacturers work on lowering the VOC emission during the application of paints and adhesives coating on automobiles. They provide high protection from rust, air, water, wear & tear, paint, and the original vehicle frame. Industry players are working on expanding the product portfolio and introducing sustainable metal coatings that can meet customer requirements and provide better durability, longevity, and performance even in extreme weather conditions. The growing consumer awareness is expected to accelerate the adoption of environment-friendly coating solutions among consumers.
Increased Production and Sales of Light Vehicles Fuels the Market Growth
Consumers prefer to use light vehicles as they are highly fuel-efficient. The development of robust transportation and logistics sector in the country to support the ongoing economic activities is a positive factor in enhancing the demand for light vehicles. In 2020, 158,711 total vehicles were sold in UAE. This number is continuously increasing on account of the improved disposable income of the consumers and the preference for private vehicle ownership among consumers. Light vehicles use automotive coatings to protect the metallic light body of automobiles from getting damaged and raise the aesthetic look of the light vehicles. The high demand for light vehicles among consumers to bear low maintenance costs are anticipated to bolster the market demand in the next five years.
Proliferation of Electric vehicles Supports the High Market Demand
Transportation is one of the major sources of greenhouse gas emissions in the UAE. The government is encouraging the adoption of electric vehicles by investing in constructing supportive charging infrastructure and providing incentives to electric vehicle manufacturers and buyers. The green charger initiative launched by the Dubai Electricity and Water Authority to provide charging stations for electric vehicles in a different part of UAE to support the Dubai Green Mobility Strategy 2030 is fueling the sales of electric vehicles. The launch of high-performance electric vehicles having higher battery capacity and performance by the market players, and they use automotive coatings for vehicle protection. The growing demand for electric vehicles is expected to create lucrative growth opportunities for UAE automotive coatings market through the forecast period.
Click here to download the sample
Market Segmentation
The UAE automotive coatings market is segmented into vehicle type, technology, resin type, application, demand category, regional distribution, and competitive landscape. Based on vehicle type, the market is divided into two-wheeler, passenger car, LCV, M&HCV, and OTR. Based on technology, the market is divided into water-borne, solvent-borne, powder coating, and others. Based on resin type, the market is divided into acrylic, alkyd, polyurethane, epoxy, polyester, and others. Based on application, the market is divided into primer, clearcoat, basecoat, and others. Based on demand category, the market is bifurcated into OEM and aftermarket. To analyze the market based on the region, the UAE automotive coatings market is studied in major regions namely Dubai, Abu Dhabi, Sharjah, and Rest of the UAE.
Market Players
Delta Gulf Paints, Shaji Auto Paints Trading LLC, Wellcoat Paints, Al Danawi retailers Llc, Mega Paints Trading Llc, Al Mayar Coatings, Kansai Paint Middle East, Al Alwan Al Sehriah Auto Paint Trdg, Abdul Rahman Car Paints Co, KCC Corporation, are the major market players operating in the UAE automotive coatings market.
|
Attribute |
Details |
|
Base Year |
2021 |
|
Historic Data |
2017 – 2020 |
|
Estimated Year |
2022 |
|
Forecast Period |
2023 – 2027 |
|
Quantitative Units |
Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027 |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth
factors, and trends |
|
Segments covered |
·
Vehicle Type ·
Technology ·
Resin Type ·
Application ·
Demand
Category |
|
Regional scope |
Dubai, Abu Dhabi, Sharjah, Rest of UAE |
|
Key companies profiled |
Delta Gulf Paints, Shaji Auto Paints
Trading LLC, Wellcoat Paints, Al Danawi Stores Llc, Mega Paints Trading Llc, Al
Mayar Coatings, Kansai Paint Middle East, Al Alwan Al Sehriah Auto Paint Trdg,
Abdul Rahman Car Paints Co, KCC Corporation |
|
Customization scope |
10% free report customization with purchase. Addition or
alteration to regional & segment scope. |
|
Pricing and purchase options |
Avail customized purchase options to meet your exact research
needs. Explore purchase options |
|
Delivery Format |
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request) |
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy