Market Size of Bahrain Paints and Coatings Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | > 4.50 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Bahrain Paints and Coatings Market Analysis
The Bahrain paints and coatings market is estimated to witness a significant growth, at an estimated CAGR of over 4.5%, over the forecast period. One of the major factors driving the market studied is the rapidly increasing housing construction activity in the country. The rise in the prices of raw materials is expected to hinder the growth of the market studied.
- Architectural coatings dominated the market, and it is expected to grow during the forecast period due to the increasing construction activities.
- Growing oil & gas exploration and production activities in Bahrain are likely to act as an opportunity in the future.