Top 10 Paints & Coatings Companies in Saudi Arabia: Global Leaders in 2025
Introduction
The Saudi Arabian paints and coatings market is poised for significant growth, with an estimated size of USD 1.5 billion in 2024 and a projected compound annual growth rate (CAGR) of approximately 4.4% from 2025 to 2030. This expansion is driven by the country’s ambitious construction projects, such as the USD 500 billion Neom initiative and the USD 80 billion affordable housing program, which are fueling demand for architectural paints and coatings. Additionally, the market is witnessing a shift towards eco-friendly and sustainable coatings, aligning with global environmental trends.
Market Insights
Key Drivers
- Construction Boom: Mega-projects like Neom and the Red Sea Project are significantly increasing the demand for paints and coatings in the architectural sector.
- Sustainability Trends: Growing awareness and regulations are pushing the market towards low-VOC and environmentally friendly coatings.
- Technological Advancements: Innovations such as nano paints and smart coatings are enhancing product performance and opening new application areas.
Challenges
- Raw Material Volatility: Fluctuating prices of raw materials can impact production costs and profit margins.
- Regulatory Compliance: Adhering to evolving environmental and safety regulations requires continuous adaptation and investment.
Market Segmentation
By Resin Type
- Acrylic Resin: Dominates the market, especially in waterborne coatings, due to its durability and environmental benefits.
- Alkyd Resin
- Polyurethane Resin
- Epoxy Resin
- Polyester Resin
- Other Resins: Including Polyether Ether Ketone and Polyether Ketone Resins.
By Technology
- Water-based Coatings
- Solvent-based Coatings
- Powder-based Coatings
By End-Use Industry
- Architectural: Largest segment, driven by residential and commercial construction.
- Automotive
- Protective Coatings
- General Industrial
- Others: Including wood coatings.
Top 10 Paints & Coatings Companies in Saudi Arabia (2025)
- PPG Industries: A global leader known for innovative solutions and a strong presence in the Saudi market.
- AkzoNobel NV: Renowned for sustainable products and recent collaborations to develop eco-friendly coatings.
- Jazeera Paints: A prominent Saudi company offering a wide range of decorative and protective coatings.
- Jotun: Offers high-performance coatings, with significant investments in regional manufacturing facilities.
- Kansai Paint Co. Ltd.: Provides diverse coating solutions, catering to various industries.
- National Paints Factory Co. Ltd.: One of the largest paint manufacturers in the Middle East, with a strong footprint in Saudi Arabia.
- Protech Powder Coatings Inc.: Specializes in powder coatings, serving industrial applications.
- Sak Coat: Focuses on innovative coating technologies tailored to the regional market.
- The Sherwin-Williams Company: Offers a comprehensive range of coatings, known for quality and durability.
- United Coatings Industries: Provides specialized coatings solutions, catering to various sectors.
Latest Updates on Paints & Coatings Companies Worldwide
- PPG Industries: Introduced the PPG SIGMA SAILADVANCE™ NX coating, enhancing antifouling performance for marine applications.
- AkzoNobel: Partnered with SABIC to develop sustainable coatings using bio-based raw materials, establishing an R&D center in King Abdullah Economic City.
- Jotun: Expanded manufacturing capabilities in Dubai Industrial City with an investment of USD 85 million, aiming to meet growing regional demand.
Conclusion
The Saudi Arabia paints and coatings market is on a robust growth trajectory, driven by large-scale construction projects, a shift towards sustainable products, and technological innovations. Leading companies are investing in research and development, strategic partnerships, and regional expansions to capitalize on emerging opportunities. As the market continues to evolve, these companies are poised to play a pivotal role in shaping the future of the paints and coatings industry in Saudi Arabia and beyond.
For a comprehensive analysis and detailed insights, refer to the full report by MarkNtel Advisors: Saudi Arabia Paints & Coatings Market Analysis, 2025.
