Market Size of Saudi Arabia Paints and Coatings Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.45 Billion |
| Market Size (2029) | USD 1.71 Billion |
| CAGR (2024 - 2029) | 3.38 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Saudi Arabia Paint & Coating Market Analysis
The Saudi Arabia Paints and Coatings Market size is estimated at USD 1.45 billion in 2024, and is expected to reach USD 1.71 billion by 2029, growing at a CAGR of 3.38% during the forecast period (2024-2029).
The COVID-19 pandemic negatively impacted the market in 2021. The pandemic halted all manufacturing and construction activities, thus negatively impacting the demand in the paints and coatings market. However, the condition is expected to recover in 2022, restoring the market's growth trajectory.
- Over the short term, increasing residential construction activities with government support and increasing tourism in the country will likely drive the market's growth.
- On the flip side, the fluctuations in raw material prices are expected to hinder the market's growth.
