Middle East sales of paints and coating stood at USD 5,141.4 million in 2024. The industry is further projected to exhibit a y-o-y growth of 4.3% in 2025 and reach USD 5,383.1 million in the same year and surging at a CAGR of 4.7% between 2025 and 2035, demand for the paints and coating is estimated to reach USD 8,521.2 million by 2035.
Paints and coatings refer to any liquid or semi-liquid allegoric substance, which, when applied to the surface, provides such essentials as protection with associated colors and texture. They provide a number of functions that include beautification and corrosion resistance and durability for construction, automotive, and marine industries.
Rapid urbanization and extension of residential, commercial, and industrial buildings develop an increasing demand for high-performance coatings against the structure's wear and tear caused by environmental factors.
The growth achieved in the manufacture of items like automotive, electronics, or consumer goods greatly requires coating applications either for protection or other functional purposes, which help in enhancing durability and performance.
| Attributes | Key Insights |
|---|---|
| Market Value, 2025 | USD 5,383.1 million |
| Market Value, 2035 | USD 8,521.2 million |
| Value CAGR (2025 to 2035) | 4.7% |
The paints and coatings market in the Kingdom of Saudi Arabia is very good. This may be attributed to fast-track urbanization and a construction boom presently being witnessed due to high demand for residential, commercial, and infrastructure development. Due to the country's constant investments in enormous building projects, a greater demand has been placed for protective and aesthetic building coatings.
Market growth is also due to the expansion of industrial sectors like automotive and manufacturing. These sectors are in need of specialized coatings because protective and functional purposes include corrosion resistance and surface finishing. The demand for high-quality paints and coatings for most applications is likely to grow and increase along with the expansion of the country's industrial activities.
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The table below presents a comparative assessment of the variation in CAGR over six months for the base year (2024) and current year (2025) for the Middle East paints and coating market. This analysis reveals crucial shifts in market performance and indicates revenue realization patterns, thus providing stakeholders with a better vision of the market growth trajectory over the year. The first half of the year, or H1, spans from January to June. The second half, H2, includes the months from July to December.
In the first half (H1) from 2024 to 2034, the business is predicted to surge at a CAGR of 4.3% followed by a slightly higher growth rate of 4.5% in the second half (H2).
| Particular | Value CAGR |
|---|---|
| H1 2024 | 4.3% (2024 to 2034) |
| H2 2024 | 4.5% (2024 to 2034) |
| H1 2025 | 4.4% (2025 to 2035) |
| H2 2025 | 4.6% (2025 to 2035) |
Moving into the subsequent period, from H1 2025 to H2 2035, the CAGR is projected to increase slightly to 4.4% in the first half and remain relatively moderate 4.6% in the second half. In the first half (H1) the market witnessed an increase of 10 BPS while in the second half (H2), the market witnessed slightly increase of 10 BPS.
Rapid Urbanization and Expanding Infrastructure Fueling Demand for Protective and Decorative Paints and Coatings
In the Middle East, where urbanization is at an all-time high and most countries have taken the cue to develop large-scale housing facilities, like the UAE and Saudi Arabia, a surge in housing demands is very common. There are new residential development projects ranging from high-rise buildings, gated communities, to luxury villas that require protection as well as decoration paints in order to ensure their durability and give aesthetic appeal to the structures. All these housing constructions demand paints and coatings directly in the region.
Along with urbanization, the Middle East is also witnessing a surge in large-scale infrastructure projects. Governments are investing in the development of roads, bridges, airports, and other public utilities. These infrastructure projects require high-performance coatings that provide protection against harsh environmental conditions and ensure long-lasting finishes. The demand for coatings to protect these critical structures from corrosion and wear is growing rapidly.
In Saudi Arabia, paints and coatings markets are growing especially because of fast urbanization and infrastructural developments in the country, where investments in major construction and development projects have been undertaken.
Surge in Construction Activities and Building Projects Driving Increased Consumption of Paints and Coatings
The surge in construction activities, especially in residential and commercial sectors, is one of the major factors driving the paints and coatings market in the Middle East. Due to rapid city growth, there is a constant demand for new buildings, especially in countries like the UAE and Saudi Arabia.
Demand for premium paints and coatings has surged with growing demand by developers and builders for solutions that would enhance not just the aesthetic appeal of buildings but also offer them protection from environmental wear. The growth in the luxury housing sector, office buildings, retail, and hotels is driving the demand for decorative and durable coatings.
The market is being driven by massive infrastructure projects like airports, bridges, and public utilities. The governments of the Middle East are hugely investing in infrastructure development supportive of urban growth and improvement in living standards.
Rising demand for specialty coatings, including protection against corrosion, UV degradation, and harsh weather conditions, is also seen. In Saudi Arabia, the current construction spree, with the help of Vision 2030 and other infrastructure projects, is creating the highest demand for paints and coatings.
Growing Automotive Industry Requires High-Performance Coatings for Aesthetic Appeal, Durability, and Surface Protection
The growing automotive industry is a key driver in the paints and coatings market as manufacturers need high-performance coatings to provide aesthetic and functional requirements. Consumers also consider the look of the vehicles; therefore, more and more sales of coatings are derived from the necessities to produce coatings providing excellent color and gloss as well as lasting finishes.
Coatings are also essential for the durability of the automotive parts through enhancing resistance to wear, weather, and environmental factors to ensure a long-lasting view of the vehicle.
The coatings also should provide aesthetic requirements. Besides this, they need to protect from rust and corrosion, scratch-resistant coatings for automobiles operating in hostile climates.
Some of the varieties include anti-corrosion coatings, heat-resistant coatings, and UV-protective coatings that make the automobile more resilient and last longer in extreme conditions, hence performance does not decrease with time. Growing demand in the automotive industry mainly because of the increase in electric vehicles and other new models creates a growth market for advanced coatings, thus helping to drive the market.
Volatility in Raw Material Prices, Such as Pigments and Resins, Impacts Production Costs and Profitability
Volatility in the prices of raw materials, such as pigments, resins, and solvents, is a major constraint on the paints and coatings market in the Middle East. Fluctuation in the prices of these critical materials tends to increase the overall production cost for manufacturers, which makes it challenging to keep the price stable. This may result in squeezed profit margins or increased product prices for businesses, limiting their competitiveness in the market.
In Saudi Arabia, the high fluctuation in raw material price has a profound impact. With being one of the largest markets in the Middle East, its manufacturing sector significantly depends on those materials for producing paints and coatings. The price fluctuation is a common practice among pigments and resins, which creates hardships for local manufacturers as well as importers in calculating cost and carrying on steady production. Uncertainty may negatively influence growth in paints and coatings in Saudi Arabia.
Intense Competition in the Paints and Coatings Market Limits Profit Margins and Growth for New Entrants
Competition in the paints and coatings market is fierce in the Middle East, with a large number of well-established local and international players. This automatically restricts the profit margins as companies have to either reduce prices or give discounts to retain their market share, which can hit profitability very hard. New entrants, especially those without strong brand recognition or substantial financial resources, find it challenging to compete on price or product innovation, which restricts their growth potential.
The competition in the UAE is very high. The presence of several global and regional players in the country increases the rivalry in the market. Local manufacturers find it difficult to stand out in the crowded market and hence face difficulty in winning long-term contracts or gaining significant market share. The high competition further makes it tough for new entrants to establish their foothold, as they face financial and operational challenges in sustaining operations and expanding their customer base.
The Middle East paints and coating industry recorded a CAGR of 1.3% during the historical period between 2020 and 2024. The growth of paints and coating industry was positive as it reached a value of USD 5,141.4 million in 2024 from USD 4,569.0 million in 2020.
The Middle East paints and coatings market is therefore growing, in terms of its 1.3% CAGR from 2020 to 2024, attributed to several key drivers. The high rate of urbanization and the development of infrastructures in the region significantly increased demand in both residential and commercial buildings. As new constructions continue to soar, the requirements for durable as well as decorative coatings to protect buildings from environmental erosion and enhance visual appeal are highly on the increase.
Countries like Saudi Arabia and the UAE, have led to an expansion of infrastructure projects such as roads, bridges, and airports. Their large-scale developments require high-performance coatings for protection against corrosion and extreme weather.
The Middle East's booming automotive and industrial sectors have led to increased demand for specialty coatings that can provide both aesthetic and functional benefits. As construction and manufacturing activities are expected to rise, the paints and coatings market will continue to grow steadily over the historical period.
The paints and coating market is concentrated with key participants accounting for 45-50% of market share. Some technologies are really capital intensive, demanding high expertise and practical usages in order to attain wide acceptance among end customers.
Such firms are leveraging this capability for customized solutions to reinforce their positions within regional high-demand markets of India, China, and Japan. These companies are referred as Tier-I players in the assessment. Examples of such players include Jotun Paint, Sigma Paint, Al Jazeera Paint, SAK Coat, and The PPG Group.
The second level of players account for 20-30% of the market in total. These companies are regional players and their product offerings are either technology-specific or specification-specific. These players have been termed as Tier-II players in the report. Companies such as Sherwin-Williams, Nippon Paint ME FZE, Asian Paints are a few examples of this category.
The remaining chunk of the market share is enjoyed by small and niche players, which target particular technologies or localized markets, generally smaller industrial set-ups or captive power generation. They often try to compete with bigger firms on the basis of flexibility and competitive pricing. Such firms are termed as Tier-III players in this market assessment. Examples include AkzoNobel, and Middle East Paints Company, and many few small players.
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The countries that lead in adopting paints and coating include KSA, Turkey, South Africa, and Other GCC driven by due to rapid urbanization, booming construction sectors, and infrastructure development projects.
| Countries | Value CAGR (2025 to 2035) |
|---|---|
| KSA | 2.5% |
| Turkey | 3.0% |
| South Africa | 1.5% |
| Other GCC | 1.8% |
Saudi Arabia is experiencing rapid urbanization with large-scale construction projects focused on the development of new cities, including NEOM and Qiddiya. These are part of the Kingdom's Vision 2030 plan to diversify its economy.
As new cities rise and residential areas expand, there is a growing demand for protective and decorative coatings to enhance the aesthetic appeal and durability of buildings and infrastructures. This urban development ensures constant demand for paints and coatings since they are necessary to protect structures from weather elements and also provide an aesthetic appeal.
Saudi Arabia is also experiencing a growth in residential construction as more people move to newly built urban areas. This growth in the residential sector increases the demand for protective coatings, which include anticorrosion and weather-resistant coatings, as well as decorative coatings that are merely applied for aesthetic appeal in homes and apartment buildings.
In addition, the increase in the construction of roads, bridges, and infrastructure drives up demand for coatings offering environmental protection and longevity. Overall, booming construction of residences and infrastructure is a key driver of the paints and coatings market in Saudi Arabia.
The GCC region, especially the UAE, Qatar, and Kuwait, has been in a state of solid real estate growth, with a focus on residential, commercial, and hospitality development. With increasing urbanization and the growing influx of both expatriates and investors into these regions, demand is high for new housing, office spaces, retail outlets, and hospitality properties such as hotels and resorts.
A construction spree automatically triggers off a greater demand for paints and coatings, as these are much needed to protect new structures both for their aesthetic appeal and protection. Of late, more luxury developments have mushroomed, adding to modern commercial buildings that demand high-performance coats that guarantee durability, protection from harsh weather conditions, and the maintenance of surfaces for years in pretty good condition.
The demand for specialty coatings is driven by the expansion of the hospitality industry in the GCC countries. Decorative coatings are applied to luxury hotels, resorts, and commercial areas for enhancing interior and exterior looks, while protection coatings are necessary for lobbies, corridors, and outdoor structures prone to heavy traffic.
Besides improving the appearance, these coatings protect wear and tear, hence contributing a great deal to the overall long-term maintenance of such high-value investments. Thus, strong growth both in the residential and hospitality sectors within the GCC region significantly contributes to increasing demand for paints and coatings.
Turkey, for instance, is an important hub for trade and commerce because of its geographical position as a bridge between Europe, Asia, and the Middle East. Given this strategic position, most international construction and industrial activities would therefore always be centered upon Turkey. Such an increase in infrastructural development, besides construction that takes place within the country, fosters regional and global trade; the need for paints and coatings in the same proportion rises correspondingly.
The need for coatings to protect and beautify will continue to rise with the surge in construction projects, such as residential buildings, commercial developments, and public infrastructure. Moreover, Turkey's central position acts to enhance its role in the supply of paints and coatings in surrounding regions, further stimulating market growth.
With the country increasingly shifting to electric vehicles, South Korea is an increasing user of paints and coatings. Electric vehicles require low-weight materials that enable the batteries to increase the driving range of the car with improved efficiency. Paints and Coating meet ideal solutions for the manufacture of EVs because these materials, with their strength and toughness, reduce vehicle weight.
With this focus, furthered by the nation for high-target EVs to reach mass production, it goes without saying that the role of paints and coating will be in high regard in auto design toward the ambition of South Korea to assume electric mobility leadership while feeding further into the South Korean automotive section of the growing market in paints and coating.
The section explains the market value of the leading segments in the industry. In terms of resin type, the Acrylic category will likely dominate and generate a share of around 42.1% in 2025.
Based on end-use, the architecture segment is projected to hold a share of 40.9% in 2025. The analysis would enable potential clients to make effective business decisions for investment purposes.
| Segment | Value Share (2025) |
|---|---|
| Acrylic (Resin Type) | 42.1% |
Acrylic resins account for the highest share in paints and coatings markets due to their excellent durability, excellent resistance to weathering, and flexibility. These resins find a large number of applications both in interior and exterior coatings and qualify for delivering better adhesion, flexibility, along with resistance against UV degradation in a variety of surfaces such as buildings, automotive, and industrial products.
Acrylic-based coatings also have excellent color retention and low maintenance requirements, which increase their attractiveness in architectural coatings. Improvements in water-based acrylic systems have made them more environmentally friendly, which further increases their demand. Their extensive usage in residential, commercial, and industrial sectors along with the increasing demand for eco-friendly solutions has increased their market share.
| Segment | Value Share (2025) |
|---|---|
| Architecture (End-Use) | 40.9% |
The largest share in the paints and coatings market is held by the architecture segment due to the continuous growth in residential, commercial, and infrastructure construction. Demand for high-quality interior and exterior coatings arises from the requirement of durable, aesthetically pleasing, and weather-resistant finishes. Architectural coatings offer enhanced protection against environmental factors such as moisture, UV radiation, and corrosion, which makes them essential for building longevity.
An increased demand for architectural coatings is resulting from the urbanization trend, growing smart cities, and concern over sustainable as well as energy-efficient buildings. In addition, these coatings provide aesthetic appeal in keeping structures looking nice through a vast range of colors and finishes. With construction work set to expand in various parts of the world, architecture continues to lead the list of end uses for paints and coatings.
The section provides comprehensive assessments and insights that highlight current opportunities and emerging trends for companies in developed and developing countries. It analyzes advancements in manufacturing and identifies the latest trends poised to drive new applications in the market.
A few key players in the paints and coating industry are actively enhancing capabilities and resources to cater to the growing demand for the compound across diverse applications. Leading companies also leverage partnership and joint venture strategies to co-develop innovative products and bolster resource base.
Significant players are further introducing new products to address the increasing need for cutting-edge solutions in various end-use sectors. Geographic expansion is another important strategy that is being embraced by reputed companies. Start-ups are likely to emerge in the sector through 2035, thereby making it more competitive.
Industry Updates
In terms of resin type, the industry is divided into Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Others
In terms of technology, the industry is divided into Water-borne, Solvent-borne, and Powder Coatings
In terms of end use industry, the industry is divided into Architecture, Automotive & Transportation, Protective Coating, Wood, Refinish, Coil Coating, Packaging, Marine, and General Industrial
Key countries of KSA, Other GCC, Turkiye, South Africa, Other African Union, and Rest of Middle East, have been covered in the report.
The Middle East market was valued at USD 5,141.4 million in 2024.
The Paints and Coating Market is expected to reach USD 5,383.1 million in 2025.
Middle East demand is anticipated to rise at 4.7% CAGR.
The industry is projected to reach USD 8,521.2 million by 2035.
| Market Size (2024E) | USD 7874.8 million |
|---|---|
| Market Value (2034F) | USD 15760.5 million |
| Value-based CAGR (2024 to 2034) | 7.2% |
| Estimated Market Size (2023) | USD 5.24 billion |
|---|---|
| Market Value-based CAGR (2023 to 2033) | 4.7% |
| Projected Market Size (2033) | USD 8.29 billion |
| Expected Market Value (2023) | USD 7.61 billion |
|---|---|
| Anticipated Forecast Value (2033) | USD 19.8 billion |
| Projected CAGR (2023 to 2033) | 10% |
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