UAE Paints and Coatings Market Overview:
The UAE paints and coatings market size reached USD 1.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 1.7 Billion by 2033, exhibiting a growth rate (CAGR) of 4.7% during 2025-2033. The market is propelled by the rapid pace of urbanization and infrastructure development, growing automotive sector, increasing demand for low-volatile organic compounds and water-based paints, and advancements and innovations in coating technologies.
Report Attribute
|
Key Statistics
|
Base Year
|
2024 |
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024 |
USD 1.1 Billion |
Market Forecast in 2033 |
USD 1.7 Billion |
Market Growth Rate (2025-2033) |
4.7% |
UAE Paints and Coatings Market Trends:
Rapid Urbanization
The UAE's increasing urbanization and infrastructure development is a key driver of the paints and coatings business. The urban and built area of the UAE increased 170-fold from 3.2 square km to 1,490 square. Besides, in 2021, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, launched the Dubai 2040 Urban Master Plan that maps out a comprehensive future map for sustainable urban development in the city. The country's ambitious growth strategy, exemplified by projects such as the Expo 2020 site and multiple towers in Dubai and Abu Dhabi, necessitates high-quality paints and coatings. These projects require aesthetically pleasing finishes and long-lasting and protective coatings to resist the severe desert climate. The construction boom, fueled by both government and private sector investments, produces a steady demand for creative and long-lasting paint solutions. Furthermore, the government's emphasis on sustainable and smart city initiatives is escalating the need for eco-friendly and high-performance coatings, thus propelling the UAE paints and coatings market size.
Growing Automotive Sector
The UAE's expanding automotive sector significantly boosts demand for paints and coatings. As per Khaleej Times, the overall automotive market in the UAE has recorded 9.3% growth in the first half of 2022 compared to the same 2021 period, with the total units sold in June up 8.1 per cent year-on-year basis. Al-Futtaim Automotive, which revealed the data, said SUVs continue to dominate the UAE market, making up 50.5% of sales for the first half of the year. With increased vehicle ownership and the availability of various luxury automobile brands on the market, there is a corresponding demand for high-quality automotive coatings that provide durability, aesthetic appeal, and protection against harsh weather conditions. The automotive industry's expansion is fuelled by high disposable incomes, a robust economy, and a strong culture of vehicle personalization and upkeep. Automotive coatings in the UAE must meet demanding performance and environmental criteria, resulting in increased R&D spending. Furthermore, the rise of electric vehicles and the push for more sustainable practices in the automobile industry drive demand for sophisticated, environmentally friendly coating solutions.
UAE Paints and Coatings Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on product, material, and application.
Product Insights:
- Waterborne Coatings
- Solvent-borne Coatings
- Powder Coatings
- High Solids/Radiation Curing
- Others
The report has provided a detailed breakup and analysis of the market based on the product. This includes waterborne coatings, solvent-borne coatings, powder coatings, high solids/radiation curing, and others.
Material Insights:
- Acrylic
- Alkyd
- Polyurethane
- Epoxy
- Polyester
- Others
A detailed breakup and analysis of the market based on the material have also been provided in the report. This includes acrylic, alkyd, polyurethane, epoxy, polyester, and others.
Application Insights:
- Architectural and Decorative
- Non-Architectural
- Automotive and Transportation
- Wood
- General Industrial
- Marine
- Protective
- Others
The report has provided a detailed breakup and analysis of the market based on the application. This includes architectural and decorative and non-architectural (automotive and transportation, wood, general industrial, marine, protective, and others).
Regional Insights:
- Dubai
- Abu Dhabi
- Sharjah
- Others
The report has also provided a comprehensive analysis of all the major regional markets, which include Dubai, Abu Dhabi, Sharjah, and Others.
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. The companies in the market are adopting various strategic initiatives including new product launches and business alliances to gain a significant UAE paints and coatings market share.
UAE Paints and Coatings Market News:
- July 2023: The leading paints and coatings manufacturers in the Middle East have officially launched Middle East Paints and Coatings Association (MEPCA) and received necessary government approvals. Founding member companies include Akzo Nobel, Altakamol (Sheibani Group), Asian Paints, Axalta, Caparol Paints, Hempel, Jotun, National Paints, PPG, RAR Holding and Kaizen Paints Middle East (KPME) with the backing and support from the World Coatings Council and Vincentz Network.
- June 2024: Jotun Paints Abu Dhabi announced the grand unveiling of an innovative and customer-centric retail concept that promises to redefine the shopping experience. One standout feature of the new concept is the “New Product Activation Unit,” which highlights the latest product finishes, trending colors, and actual product cans. In addition to the activation unit, the showroom features larger samples for both interior and exterior paint finishes.
UAE Paints and Coatings Market Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2024 |
Historical Period |
2019-2024 |
Forecast Period |
2025-2033 |
Units |
Billion USD |
Scope of the Report |
Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
- Product
- Material
- Application
- Region
|
Products Covered |
Waterborne Coatings, Solvent-borne Coatings, Powder Coatings, High Solids/Radiation Curing, Others |
Materials Covered |
Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, Others |
Applications Covered |
- Architectural and Decorative
- Non-Architectural: Automotive and Transportation, Wood, General Industrial, Marine, Protective, Others
|
Regions Covered |
Dubai, Abu Dhabi, Sharjah, Others |
Customization Scope |
10% Free Customization |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the UAE paints and coatings market performed so far and how will it perform in the coming years?
- How big is the paint and coating market in UAE?
- What has been the impact of COVID-19 on the UAE paints and coatings market?
- What is the breakup of the UAE paints and coatings market on the basis of product?
- What is the breakup of the UAE paints and coatings market on the basis of material?
- What is the breakup of the UAE paints and coatings market on the basis of application?
- What are the various stages in the value chain of the UAE paints and coatings market?
- What are the key driving factors and challenges in the UAE paints and coatings?
- What is the structure of the UAE paints and coatings market and who are the key players?
- What is the degree of competition in the UAE paints and coatings market?
Key Benefits for Stakeholders:
- IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecast, and dynamics of the UAE paints and coatings market from 2019-2033.
- The research report provides the latest information on the market drivers, challenges, and opportunities in the UAE paints and coatings 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 UAE paints and coatings 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 paints and coatings market in UAE.