Market Size of Saudi Arabia Floor 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 | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Saudi Arabia Floor Coatings Market Analysis
The Saudi Arabia Floor Coatings Market was valued at USD 340 million at the end of the year, and it is projected to register a CAGR of 4.5% during the forecast period. The COVID-19 pandemic negatively affected the market due to a halt in construction activities around the country. However, post-COVID-19, the country resumed residential and commercial construction activities which will help to revive the market in the coming years.
- In the short term, rising residential and commercial construction activities in Saudi Arabia will likely drive the market.
- On the flip side, the harmful environmental impact of conventional floor coatings may hinder the growth of the market.
- The demand for floor coatings from the industrial sector dominated the market studied, and it is expected to grow during the forecast period due to the increasing demand from the chemical industry.
- The promising performance of polyaspartic coatings is likely to act as an opportunity in the future.
