Saudi Arabia Paint Market

Saudi Arabia Paint Market Overview:

The Saudi Arabia paint market size reached USD 2,024.94 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 3,152.13 Million by 2033, exhibiting a growth rate (CAGR) of 5.04% during 2025-2033. The market is witnessing significant growth due to growing construction activities, infrastructure development, and rising demand from the automotive and industrial sectors. Increasing investment in residential and commercial real estate, along with a focus on eco-friendly and high-performance coatings, is supporting market growth. Advancements in technology and local manufacturing are also contributing to the competitive landscape and overall Saudi Arabia paint market share.

Saudi Arabia Paint Market Trends:

Surge in Construction and Infrastructure Projects

Saudi Arabia's Vision 2030 is reshaping the nation’s urban and economic landscape, driving a substantial surge in construction and infrastructure projects. For instance, in February 2025, Saudi Arabia announced its plans to invest about $1 trillion in infrastructure by 2030, according to Economy and Planning Minister. This investment aims to enhance the non-oil sector, foster public-private partnerships, and support the goals of Saudi Vision 2030, which focuses on economic diversification and sustainable growth. Flagship developments such as NEOM, The Red Sea Project, Qiddiya, and Amaala are creating significant demand for a wide range of paints, particularly architectural coatings for residential and commercial buildings and protective coatings for industrial and infrastructure applications. These mega-projects emphasize sustainability, aesthetics, and durability, prompting the use of high-performance paints with advanced properties like heat resistance, anti-corrosion, and low-VOC emissions. Additionally, increased investments in public infrastructure—such as roads, airports, and railways—are accelerating the use of protective coatings to extend the life and performance of structural assets. As construction activity continues to scale, the paint market is seeing parallel growth, positioning itself as a crucial supplier to Saudi Arabia’s long-term development vision.

Localization of Paint Production

Saudi Arabia is placing strong emphasis on localizing paint manufacturing as part of its broader industrial diversification goals. Through policy support and targeted incentives, the government is encouraging both local and international companies to establish or expand production facilities within the Kingdom. This shift aims to reduce dependence on imported paints and raw materials, strengthen domestic value chains, and enhance supply chain resilience. For instance, in February 2025, Saudi Industrial Paint Company (SIPCO), part of Kaizen Paint Middle East, announced the acquisition of Premium Paints Company to strengthen domestic production and grow its market presence in Saudi Arabia. This move aligns with the Vision 2030 agenda by enhancing access to high-quality coatings and supporting efforts for economic localization. Local production not only shortens lead times and lowers logistics costs but also allows for customization based on regional climate and consumer preferences. Moreover, local manufacturers are being supported in adopting sustainable practices and advanced technologies, aligning with national goals for energy efficiency and environmental stewardship. As industrial activity expands across construction, automotive, and infrastructure sectors, the push for domestic manufacturing is expected to play a key role in driving Saudi Arabia paint market growth.

Saudi Arabia Paint Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on technology, type of paint, resin, and end user.

Technology Insights:

• Water-based
• Solvent-based

The report has provided a detailed breakup and analysis of the market based on the technology. This includes water-based and solvent-based.

Type of Paint Insights:

• Emulsion
• Enamel
• Distemper
• Textures
• Others

A detailed breakup and analysis of the market based on the type of paint have also been provided in the report. This includes emulsion, enamel, distemper, textures, and others.

Resin Insights:

• Acrylic
• Alkyd
• Polyurethane
• Epoxy
• Polyester
• Others

A detailed breakup and analysis of the market based on the resin have also been provided in the report. This includes acrylic, alkyd, polyurethane, epoxy, polyester, and others.

End User Insights:

• Architectural and Decorative
• Non-Architectural
  • Automotive and Transportation
  • Wood
  • General Industrial
  • Marine
  • Others

A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes architectural and decorative and non-architectural (automotive and transportation, wood, general industrial, marine, and others).

Regional Insights:

• Northern and Central Region
• Western Region
• Eastern Region
• Southern Region

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern and Central Region, Western Region, Eastern Region, and Southern Region.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Saudi Arabia Paint Market News:

• In January 2025, Jazeera Paints inaugurated new showrooms in Jazan, Al-Madinah, Saihat, and Suwayr, enhancing its presence in Saudi Arabia. This expansion reflects the company’s commitment to customer service and innovation in the paints and construction sector, offering high-quality products and expert consultations to support diverse projects.
• In February 2024, Shaji Paints officially launched in Riyadh, Saudi Arabia, on February 12, marking its expansion into the Middle Eastern market. With over 31 years of experience, the brand will offer a range of high-quality paints, supported by its UAE facility. Collaborations with local distributors aim to meet Saudi customers' needs.

Saudi Arabia Paint Market Report Coverage:

Key Questions Answered in This Report:

• How has the Saudi Arabia paint market performed so far and how will it perform in the coming years?
• What is the breakup of the Saudi Arabia paint market on the basis of technology?
• What is the breakup of the Saudi Arabia paint market on the basis of type of paint?
• What is the breakup of the Saudi Arabia paint market on the basis of resin?
• What is the breakup of the Saudi Arabia paint market on the basis of end user?
• What is the breakup of the Saudi Arabia paint market on the basis of region?
• What are the various stages in the value chain of the Saudi Arabia paint market? 
• What are the key driving factors and challenges in the Saudi Arabia paint market?
• What is the structure of the Saudi Arabia paint market and who are the key players?
• What is the degree of competition in the Saudi Arabia paint market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Saudi Arabia paint market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Saudi Arabia paint market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Saudi Arabia paint industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.