Market Size of United Arab Emirates Floor Coatings Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | > 4.10 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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UAE Floor Coatings Market Analysis
The United Arab Emirates Floor Coatings Market was valued at USD 1260 million at the end of the year and it is projected to register a CAGR of 4.1% during the forecast period. The COVID pandemic negatively affected the market due to a halt in construction activities around the country. However, post-COVID, the country resumed residential and commercial construction activities which will help to revive the floor coatings market.
- In the short term, rising residential and commercial construction activities in the United Arab Emirates will likely drive the market.
- On the flip side, the harmful environmental impact of conventional floor coatings hinders the market's growth.
- 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.