Market Size of Middle-East Paints and Coatings Additives Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | > 5.00 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Middle East Paints & Coatings Additives Market Analysis
The Middle-East paints and coatings additives market was expected to witness a healthy growth, by revenue, at an estimated CAGR of greater than 5% over the forecast period. One of the major factors driving the growth of the market is the increased focus on tourism and construction in the Middle-Eastern region.
- Saudi Arabia dominated the market studied with a share of more than 45% of the total Middle-East Market.
- By type, rheology modifiers had the largest share and occupied almost 25% of the market, and is also the likely to expand at a fastest rate.
- The architectural segment accounted for the largest market share of more than 65%