The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), GCC Water-based Paints Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
GCC Water-based Paints Industry Analytical Overview (2023-2028): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, GCC Water-based Paints Market size is estimated to grow at a CAGR of around 3.8% during the forecast period, i.e., 2023-28 The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2023 to 2028.
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What is Included in GCC Water-based Paints Market Segmentation?
The report has segmented the market into the following categories:
By Type
- Natural Water-based Paints- Market Size Forecast 2018-2028, Thousand Tons
- Synthetic Water-based Paints- Market Size Forecast 2018-2028, Thousand Tons
In the GCC market, there has been a significant surge in demand for natural water-based paints compared to their synthetic counterparts in recent years. This trend can be primarily attributed to the environmental friendly composition of these paints, which are derived from natural materials like plant extracts, minerals, and water. In the GCC region where environmental concerns are gaining prominence, the water-based paints resonate with the increasing emphasis on sustainability and eco-friendliness.
By End User
- Construction- Market Size Forecast 2018-2028, Thousand Tons
- - Residential- Market Size Forecast 2018-2028, Thousand Tons
- - Commercial- Market Size Forecast 2018-2028, Thousand Tons
- Automotive- Market Size Forecast 2018-2028, Thousand Tons
- Furniture- Market Size Forecast 2018-2028, Thousand Tons
- Other (Electronics, Marine, etc.)- Market Size Forecast 2018-2028, Thousand Tons
By Country
- The UAE
- Saudi Arabia
- Bahrain
- Oman
- Qatar
- Kuwait
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Key Factor Driver GCC Water-based Paints Industry Growth by 2028
Rising Demand for Water-based Paints in Wooden Furniture- The increasing demand for Water-based paints in the market is primarily driven by its rising utilization in wooden furniture. This preference can be attributed to the reduced odor and quick-drying properties of these paints, making them favorable for furniture manufacturers. Additionally, the governments of the GCC countries are focussing on increasing their economic sustainability with the development of the service sector and industrial facilities. This is leading to a rise in the development of a
Who are the Key Players Operating in the GCC Water-based Paints Industry?
The top companies of the GCC Water-based Paints market ruling the industry are:
- Akzo Nobel N. V
- Jazeera Paint
- Asian Paints
- Terraco
- Fenzi S.p.A.
- National Paints Factories Co. Ltd.
- Kansai Paints
- Ritver Paint Coating
- Sigma Paints
- United Paints Coatings
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FAQs (Frequently Ask Questions)
- What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
- What are the trends influencing the current scenario of the GCC Water-based Paints Market?
- What are the key factors that would propel and hinder the industry?
- Which geographical area dominates the GCC Water-based Paints industry?
- Which is the Leading segment in the market?
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