Saudi Arabia is undergoing rapid urbanization, driven by large-scale construction projects like NEOM and Qiddiya, key initiatives under Vision 2030 aimed at economic diversification. The surge in urban development, coupled with a rising influx of expatriates and investors across the GCC, is fueling demand for residential, commercial, and hospitality spaces, including new housing, office buildings, retail centers, and luxury resorts.
NEWARK, DE / ACCESSWIRE / February 18, 2025 / The Middle East paints and coating market is witnessing remarkable growth, fueled by booming construction activities, urbanization, and growing automotive and industrial sectors. Paints and coatings are extensively used in infrastructure projects, real estate developments, and high-performance industrial applications, offering protective and decorative solutions. Rising government initiatives and investments in smart cities, sustainable infrastructure, and mega construction projects are further bolstering market expansion.
The demand for high-quality, durable, and eco-friendly coatings is surging as industries shift towards sustainable and low-VOC (volatile organic compounds) products. Additionally, advancements in nanotechnology, water-based coatings, and powder coatings are shaping the future of the market, providing improved performance and environmental benefits.
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Key Market Trends and Highlights
Rapid Urbanization and Expanding Infrastructure Fueling Demand for Protective and Decorative Paints and Coatings: The Middle East is undergoing rapid urbanization, with governments investing in large-scale infrastructure projects, including smart cities and modern housing. This trend is driving significant demand for both protective and decorative coatings.
Surge in Construction Activities and Building Projects Driving Increased Consumption of Paints and Coatings: With mega projects such as Saudi Arabia's NEOM, UAE's Expo-driven developments, and Qatar's post-World Cup infrastructure, the demand for coatings in residential, commercial, and industrial construction is witnessing steady growth.
Growing Automotive Industry Requires High-Performance Coatings for Aesthetic Appeal, Durability, and Surface Protection: Automotive manufacturers in the Middle East are increasingly adopting advanced coating solutions to enhance vehicle durability, corrosion resistance, and aesthetic appeal, boosting demand for high-performance automotive coatings.
Volatility in Raw Material Prices, Such as Pigments and Resins, Impacts Production Costs and Profitability: The fluctuating costs of key raw materials, including pigments, resins, and additives, pose challenges for manufacturers, affecting production costs and pricing strategies.
Intense Competition in the Paints and Coatings Market Limits Profit Margins and Growth for New Entrants: The competitive landscape is characterized by the presence of major international and regional players, leading to pricing pressure and limited market entry opportunities for new companies.
"The Middle East paints and coating market is experiencing sustained growth due to rapid urbanization, infrastructure expansion, and increasing demand from the automotive and construction industries. The market is expected to witness a strong CAGR of 4.7% between 2025 and 2035, driven by rising investments and technological advancements," says Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).
How is the Development of smart points bolstering the Sales of Paints and Coating?
Today, we live surrounded by smart technology, from TVs to garage door openers. With the use of conductive paint, a wall may now be transformed into a smart device. The term smart house has lately taken on a whole new meaning to a paint that researchers recently developed that can transform any wall into a touchscreen.
This paint contains a conductive nickel grid that forms electrodes on the wall. The wall can thus function as an electromagnetic sensor, or touchscreen, tracking the position, spotting things, and responding to gesture commands. All smart gadgets can be controlled from the wall when this technology is made commercially available.
Potentially, the walls might act as a control interface for home equipment, making smart homes less intrusive, more affordable, and more efficient than they are now. This innovation will be expected to create a lucrative opportunity for the paints and coating industry in the forecast period.
How Increasing Stringent Environmental Regulations affecting the market growth?
The paints & coating industry is one of the most regulated industries in the world. Manufacturers have been forced to adopt low-solvent technology for the past 40 years and will continue to do so. One of the biggest challenges is that there are strict environmental regulations because volatile organic compounds (VOCs) are present in almost all paints and coatings. Reducing VOC content, replacing it, and ensuring consistent performance is a constant challenge for the industry.
In particular, environmental regulations on the use of non-degradable substances and chemically treated products are strengthened due to the generation of hazardous substances used near the human body. Manufacturers are under pressure to comply with the new regulations by changing raw materials or their composition, manufacturing processes, or switching to greener materials, including biopolymers, which sometimes affect their operating margins.
In addition, the supply of certain raw materials may be restricted by regulations in one or more regions through which the chain passes. All these factors could create an imbalance of supply to meet consumer demand, limiting the growth of the paints and coatings market to some extent.
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How are Oil and Production Bolstering the Sales of Paints and Coating?
On the back of a balancing scenario between the demand and supply of crude oil, its prices are recovering, attracting Middle Eastern oil & gas companies to increase their production.
In the Oil & Gas industry, the paints and coatings industry helps in the protection of offshore and onshore rigs, in the onshore plant coating is used to protect Pipework, Jacket, Flare bloom, Living quarter, and Riser.
The large Industrial & protective coatings market being created by the Middle Eastern oil and gas industry is particularly attractive to European, as well as North American and Japanese, coatings manufacturers because it requires global technical standards. In fact, its needs are even tougher because of the region's climate which necessitates resistance against hot temperatures, UV rays, and potential abrasion from sand and dust.
Key Takeaways from Middle East Paints and Coating Study:
Middle East paints and coating sales reached USD 5,141.4 million in 2024.
The market is expected to grow at a y-o-y rate of 4.3% in 2025, reaching USD 5,383.1 million.
Between 2025 and 2035, the market is projected to surge at a CAGR of 4.7%.
By 2035, the demand for paints and coatings in the region is expected to hit USD 8,521.2 million.
The construction sector remains the dominant consumer of paints and coatings.
Advancements in eco-friendly and low-VOC coatings are driving product innovation.
Key Findings in the Global Middle East Paints and Coating Market Study:
Increased Infrastructure Development: Rapid expansion of residential and commercial spaces is fueling demand.
Automotive Industry Growth: Rising vehicle production and customization trends are driving coatings demand.
Sustainability Focus: Stringent regulations on emissions and environmental concerns are pushing for greener alternatives.
Technological Advancements: Nanotechnology and smart coatings are reshaping industry standards.
Competitive Market Landscape: Presence of global and regional players intensifies market competition.
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Regional Analysis of the Middle East Paints and Coating Market
Saudi Arabia (KSA): Rapid Urbanization Boosting Demand: Saudi Arabia's ambitious infrastructure projects, including Vision 2030 initiatives and NEOM city development, are significantly driving the demand for high-quality protective and decorative coatings.
Other GCC Countries: Real Estate Boom Drives Demand: Countries like the UAE, Qatar, and Oman are experiencing a surge in demand due to real estate and hospitality sector growth, requiring coatings for residential, commercial, and tourism-based developments.
Turkey: A Strategic Hub for Paints and Coatings Market: Turkey's strategic position as a bridge between Europe, Asia, and the Middle East strengthens its role in the coatings industry, supported by increasing construction and industrial activities.
Competitive Landscape in the Middle East Paints and Coating Market
The Middle East paints and coatings market is highly competitive, with key players focusing on expanding their product portfolios, improving formulations, and enhancing distribution networks. Market leaders are investing in research and development to introduce sustainable, high-performance coatings to meet evolving consumer needs.
Key Players Middle East Paints and Coating Industry
Jotun Paint
Sigma Paint
Al Jazeera Paint
SAK Coat
The PPG Group
Sherwin-Williams
Nippon Paint ME FZE
Asian Paints
AkzoNobel
Middle East Paints Company
Recent Developments
Investments in Smart Coatings: Leading manufacturers are investing in advanced coatings with self-cleaning, anti-corrosion, and UV-resistant properties.
Expansion of Production Facilities: Key players are expanding manufacturing capabilities to cater to rising regional demand.
Strategic Partnerships: Collaborations between global and regional companies are fostering market expansion and technological innovation.
With strong demand drivers and technological advancements, the Middle East paints and coating market is poised for steady growth, offering lucrative opportunities for industry stakeholders.
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Key Segments of Middle East Paints and Coating Industry
By Resin Type:
In terms of resin type, the industry is divided into Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Others
By Technology:
In terms of technology, the industry is divided into Water-borne, Solvent-borne, and Powder Coatings
By End Use Industry:
In terms of end use industry, the industry is divided into Architecture, Automotive & Transportation, Protective Coating, Wood, Refinish, Coil Coating, Packaging, Marine, and General Industrial
By Countries:
Key countries of KSA, Other GCC, Turkiye, South Africa, Other African Union, and Rest of Middle East, have been covered in the report.
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Domain:
The Elastomeric Coating Market size is anticipated to reach USD 7874.8 million in 2024 and is expected to total USD 15760.5 million by 2034.
The global coil coatings market sales are slated to top USD 5.24 billion in 2023. The market is expected to propel at 4.7% CAGR through 2033 to gain a market revenue of USD 8.29 billion by 2033.
The global medical grade coatings market is projected to reach USD 7.61 billion in 2023 and is projected to reach USD 19.8 billion by 2033
The BRIC performance coatings market is expected to generate USD 95.9 billion in revenue in 2022. The market is anticipated to grow at a CAGR of 5.3% to reach USD 160.7 billion by 2032.
Global Sales of Wood Coatings were valued at USD 9,200 million in 2020. The demand for wood coatings is anticipated to reach USD 12,000 million by 2025.
Worldwide demand for water proof coatings saw a 3.5% year-on-year growth in 2024, suggesting an expansion of the market to USD 17,797.8 million in 2025.
The functional coil coatings market is estimated to generate revenue, surpassing USD 517.5 million in 2023.
Sales in the global technical coil coatings market are slated to top USD 10.3 Billion in 2022. Expanding at a healthy 4.9% CAGR, the market size is projected to total USD 13.0 Billion by 2027.
The coatings and application technologies for robotics market is poised to achieve an impressive valuation of USD 38,925 million by 2033 featuring a promising CAGR of 7.9% from 2023 to 2033.
The coating additives market is anticipated to flourish at a healthy CAGR of 4.8% between 2023 and 2033.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
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