UAE Architectural Paints And Coatings Market Global outlook 2021 to 2027: AkzoNobel NV, Jazeera Paints, Asian Paints Berger, Caparol Paints LLC, Emver Paints Industry LLC

UAE Architectural Paints And Coatings Market - Growth, Trends, And Forecast (2020 - 2025)

The report presents an in-depth assessment of the UAE Architectural Paints And Coatings including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for UAE Architectural Paints And Coatings investments from 2020 till 2025.

The market for architectural paints & coatings in the UAE is likely to grow at a CAGR of over 5% during the forecast period. One of the major drivers of the market includes increasing construction activities in the country. However, increasing raw material costs and the environmental impact and regulations of the architectural coatings are likely to restrain the market. 

The UAE Architectural Paints And Coatings market is highly competitive and consists of a number of major players. Top Companies like AkzoNobel NV, Jazeera Paints, Asian Paints Berger, Caparol Paints LLC, Emver Paints Industry LLC, Gulf Paints & Adhesive Factory, Hempel, Jotun, Kansai Paint Co. Ltd., MAS Paints and Chemical Industries, Al Gurg Paints LLC (Oasis Paints), National Paints Factories Co. Ltd, The Sherwin-Williams Company, Terraco, Ritver Paints & Coatings

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Scope of the Report

Rising demand for eco-friendly products and upcoming mega projects are likely to act as opportunities for the market in the coming years.

Key Market Trends

Acrylic Resin to Dominate the Market

- Acrylic resins are the most widely used polymers in the paint and coatings industry. The two principal forms of acrylic used are thermoplastic and thermoset. Thermoplastics acrylic resins are synthetic resins achieved by polymerization of different acrylic monomers. Thermosets are cured at elevated temperatures by reacting them with other polymers.
- Thermoset acrylics are used in product finishes for metal furniture coatings, automotive topcoats, maintenance coatings, appliance, and other original equipment manufacture finishes. They have major performance advantages for gloss, exterior durability, corrosion resistance, chemical resistance, solvent resistance, and hardness.
- The application of acrylic coatings leads to high surface hardness. In certain applications, such as walls, decks, and roofing, acrylic coatings provide elastomeric finishes to improve the UV resistance of the surface, if employed with some fluids.
- Application of acrylic coatings is primarily found in the construction industry, for high-end finishing in roofs, decks, bridges, floors, and other applications. Water-based acrylic coatings are high in demand, owing to environmental concerns, as the negative impact of VOCs affecting the air quality in the environment.
- Arkema and Dow Chemical Company are few of major market holder manufacturers of acrylic resins in the United Arab Emirates.
- Hence, owing to the above-mentioned factors, the acrylic resin type is expected to dominate the market.

Increasing Construction Activities in the Country to Drive the Market

- The construction industry of Dubai is one of the major contributors to the UAE architectural paints and coatings market. There are almost 3,200 active projects with an estimated revenue of over USD 245 billion. The construction sector is likely to witness robust growth, in Abu Dhabi. This growth is primarily due to the implementation of grand ventures in the major cities of the United Arab Emirates.
- Dubai is expected to be one of the fastest-growing cities in the entire Middle-East and African region, as the country is also preparing to host the Dubai World Expo 2020.
- The domestic residential construction market is dominated by the United Arab Emirates two major cities, Dubai and Abu Dhabi. The UAE government has announced its decision to bridge the gap between the supply and demand of housing units. The government has also allocated land in Al Quoz and Muhaisnah (Dubai) for the construction of affordable housing units.
- The hospitality sector in the country too is growing, owing to numerous investments done by various private enterprises. For example, in 2019, India's Oyo Hotels & Homes decided to expand its base in the United Arab Emirates by taking its management portfolio to 12,000 rooms in 150 hotels across the country by 2020. Rotana, in 2018, decided to open 13 new hotels across the Middle East & North Africa region, inclusive of the United Arab Emirates.
- Such growth in the construction sector is expected to drive the market for architectural paints and coatings in the United Arab Emirates through the forecast period.

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What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: UAE Architectural Paints And Coatings Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.

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