| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2019 - 2023 |
| CAGR | 3.50 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Saudi Arabia Industrial Coatings Market Analysis
The Saudi Arabia Industrial Coatings Market is expected to register a CAGR of greater than 3.5% during the forecast period.
- The growing oil and gas sector activities are expected to drive the demand for the market, during the forecast period.
- Upcoming infrastructure projects are projected to act as an opportunity for the market in the future.
Saudi Arabia Industrial Coatings Market Trends
Growing Oil and Gas Sector to Increase the Demand for Protective Coatings
- The growing oil & gas sector drives the industrial coatings market, as the sector involves operations, like drilling, wellhead, and sub-sea equipment, and this equipment requires coatings especially for heat & abrasion resistance, and for long component life.
- The Kingdom of Saudi Arabia has the second-largest oil reserves in the world, accounting for almost 266 billion barrels. Government-owned company, the Saudi Arabian Oil Company (Saudi Aramco), continues to identify new fields, expand existing fields, and enhances production, and thereby, is driving the coatings market.
- Saudi Aramco’s long-term plans are expected to drive the industrial coatings market in the forecast period.
- The company has announced its plans to boost the oil production at its Marjan offshore oilfield, by 300,000 bpd, and in Abqaiq (which is the company’s largest oil processing facility). Also, the company has announced its plans to expand production from its Zuluf and Safaniya offshore oilfields.
- In the next decade, the company aims to double its gas production to 23 billion standard cubic feet per day (scf/day). During its early phase, Fadhili gas plant is expected to process 2.5 billion scf/day from onshore.
- Owing to all the aforementioned factors, the market for industrial coatings in the country is projected to grow during the forecast period.
Understand The Key Trends Shaping This Market
Download PDF
Growing Usage of Polyurethane Resins
- Polyurethane resins are thermosetting resins, which are produced by a reaction between polyalcohol and an organic di-isocyanate, which do not melt when heated.
- Polyurethane coatings are usually applied over primers and intermediate coats to provide a lustrous glossy finish, while maintaining resistivity and providing excellent performance against high levels of UV and other extreme weather conditions, in areas that are prone to high wear and resistivity toward a wide range of solvents.
- The demand for polyurethane-based coatings, during the forecast period, is expected to be augmented by the increasing infrastructural activities in the country. Moreover, they are seen as a potential substitute for epoxy resins.
Get Analysis on Important Geographic Markets
Download PDF
Saudi Arabia Industrial Coatings Industry Overview
The Saudi Arabian industrial coatings market is consolidated. Key players in the market include National Paints Factories Co. Ltd, Al-Jazeera Paints., AkzoNobel N.V., PPG Industries, Inc., and Jotun, among others.
Saudi Arabia Industrial Coatings Market Leaders
-
National Paints Factories Co. Ltd
-
Al-Jazeera Paints.
-
AkzoNobel N.V.
-
PPG Industries, Inc.
-
Jotun
- *Disclaimer: Major Players sorted in no particular order
Need More Details on Market Players and Competiters?
Download PDF
Saudi Arabia Industrial Coatings Industry Segmentation
The Saudi Arabian industrial coatings market report includes:
| Resin Type | Epoxy | ||
| Polyester | |||
| Vinyl Ester | |||
| Polyurethane | |||
| Other Resin Types | |||
| Technology | Water-borne | ||
| Solvent-borne | |||
| Radiation-cured Coatings | |||
| Powder Coatings | |||
| Product Type | General Industrial | ||
| Protective | Oil and Gas | ||
| Mining | |||
| Power | |||
| Infrastructure | |||
| Others | |||
Need A Different Region or Segment?
Customize Now
Saudi Arabia Industrial Coatings Market Research FAQs
What is the current Saudi Arabia Industrial Coatings Market size?
The Saudi Arabia Industrial Coatings Market is projected to register a CAGR of greater than 3.5% during the forecast period (2025-2030)
Who are the key players in Saudi Arabia Industrial Coatings Market?
National Paints Factories Co. Ltd, Al-Jazeera Paints., AkzoNobel N.V., PPG Industries, Inc. and Jotun are the major companies operating in the Saudi Arabia Industrial Coatings Market.
What years does this Saudi Arabia Industrial Coatings Market cover?
The report covers the Saudi Arabia Industrial Coatings Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Saudi Arabia Industrial Coatings Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Our Best Selling Reports
Saudi Arabia Industrial Coatings Industry Report
Statistics for the 2025 Saudi Arabia Industrial Coatings market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Saudi Arabia Industrial Coatings analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
