UAE Decorative Paints Market to be Led by Residential Segment
The continued expansion in the building &
construction industry and the surge in urbanization and nuclearization of
families are likely to propel the UAE decorative paints market during the
forecast period.
According to the TechSci Research report, titled “UAE
Decorative Paints Market – By Region, Competition, Forecast and Opportunities,
2028,” the UAE Decorative Paints Market is expected to rise in the upcoming
years due to the expansion of the road & railways network, increasing
megaprojects in the nation, increasing commercial construction activities in
the United Arab Emirates, increasing demand from the United Arab Emirates oil and
gas industry among others.
The purpose of decorative paints is to enhance the
visual appeal of a surface. They are regularly utilised both indoors and
outside, including for furniture, walls, ceilings, and other ornamental
elements. Due to their availability in a wide range of colours, textures, and
finishes, decorative paints are a versatile tool that both homeowners and
interior designers can use to give their rooms a unique appearance and feel.
The United Arab Emirates has had a continuous rise in
the market for paint and coatings in recent years due to its quickly expanding
population, relatively high wages, massive building industry, and rising
industrial demand. Due to the regional economic downturn and a slowdown in the
domestic building industry, the past two years have not been especially
favourable for the nation's paint and coatings manufacturers. However, as World
Expo 2020 approaches, the construction industry has begun to pick up steam, and
paint manufacturers anticipate tremendous growth in the months ahead.
Therefore, the UAE Decorative Paints market is expected to rise in the upcoming
years and register a significant CAGR.
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Pages and an in-depth TOC on the "UAE Decorative Paints Market."
The UAE decorative paints Market is classified by
product type, type of plant, application, sales channel, and end user. Based on
product type, the market is divided into water based and solvent based. Based
on the type of paint, the market is divided into emulsion, enamel, distemper,
primer, textures and others. Based on application, the market is divided into
exterior and interior. Based on sales channel, the market is divided into
offline and online. Based on end user, the market is divided into residential and
non-residential. Based on region, the market is segmented into Dubai, Abu
Dhabi, Sharjah, and the Rest of UAE.
Based on the type of paint, the market is divided into
emulsion, enamel, distemper, primer, textures and others. The emulsion segment
is expected to hold the largest share over the projected years. Since, it has a
low odour, dries quickly, and can be cleaned up with water, emulsion paint is
easy to work with. It is a preferred option for DIY painters and homeowners due
to its user-friendliness. Emulsion paint is beneficial for a number of
surfaces, including walls, ceilings, and trim, since it is available in a
variety of colours, finishes, and sheens. It has flexible design possibilities
and can be used in a variety of rooms and spaces inside a home or commercial
building. Emulsion paint is appropriate for use on both interior and outdoor
surfaces since it frequently exhibits high durability and resistance to
peeling, cracking, and fading.
Based on end user, the market is divided into
residential and non-residential. The residential segment is expected to hold
the largest share during the forecast period. The residential segment plays a
key role in the UAE decorative paints market. Producers have to meet the
expectations of consumers by providing a wide selection of goods since
homeowners are searching for paints that are both aesthetically beautiful and
long-lasting. In terms of choosing the best paint for their project, the
residential segment currently has more alternatives than ever due to technological
advancements. For instance, in 2022, the development of eighteen new projects
was permitted by the Department of Municipalities and Transport (DMT) in Abu
Dhabi. In the Abu Dhabi Emirate, these projects create 5,037 additional housing
units in various locations, including Saadiyat Island, Yas Island, Al Reem
Island, Madinat Zayed, and other districts.
Key players in the UAE Decorative Paints market
include:
- Jotun U.A.E. Ltd. (LLC)
- Sigma Paints SA Limited
- The Sherwin-Williams Company
- Akzo Nobel UAE Paints L.L.C
- Berger Paints Emirates Limited (LLC)
- Caparol Paints LLC
- Kansai Paint Co. Ltd
- PPG Industries Inc
- Ritver Paints & Coatings
- Thermilate Middle East Trading LLC
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“The UAE Decorative Paints Market is expected to
witness a significant rise in the upcoming years. The expansion of the road
& railways network, an increasing number of megaprojects, a rise in
commercial construction activities, and augmenting demand for decorative paints
in the country’s oil and gas industry are aiding this market’s growth. The
surge in government initiatives, focused on the UAE’s construction sector, is
also supporting the market substantially. For instance, initiatives, such as
the Sheikh Zayed Housing Programme, the Dubai Tourism Strategy, the National
Strategy of Higher Education 2030, and the Ministry of Education Strategic Plan
2017–2021, are adding to the demand for decorative paints to a great extent.
These initiatives expect investments in residential and commercial construction
projects. Therefore, the market for decorative paints is likely to propel the
demand in the nation,” said Mr Karan Chechi, the Research Director at TechSci
Research, a research-based global management consulting firm.
UAE Decorative Paints Market, By Product Type (Water
Based, Solvent Based) By Type of Paint (Emulsion, Enamel, Distemper, Primer,
Textures, and Others), By Application (Exterior, Interior), By Sales Channel
(Offline, Online), By End User (Residential, Non-Residential), By Region,
Competition, Forecast and Opportunities, 2029 has evaluated the future growth
potential of Decorative Paints and provides statistics and information on market
structure, size, share, and future growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in the UAE
Decorative Paints market.
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