According to MarkNtel Advisors’ research report, “GCC Paint Additives Market Analysis, 2021,” the market is likely to witness around 3.5% during the forecast period, i.e., 2021-26. GCC countries are likely to create lucrative opportunities for the paint additives market due to the burgeoning number of infrastructure projects and strong demand to construct residential buildings. In addition to this, the rising focus of GCC nations towards the construction of tourist attractions sites and development of the leisure & hospitality sector leads to accelerate the demand for paint additives in the region.
Key Questions Answered in the Study
Rheology Modifiers Captured Largest Market Share
Based on Product, the market bifurcates into Rheology Modifiers, Biocides, Anti-Foamers, and Wetting & Dispersing Agents. Of these segments, Rheology Modifiers attained the highest share of the GCC Paint Additives Market in the previous few years. It owes to the various benefits offered by Rheology Modifiers, such as increasing the viscosity of formulation to improve paint's stability, help provide better finishing to the surface, etc.
“GCC Paint Additives Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Paint Additives providers across the country. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.
Saudi Arabia Exhibits Fastest Growth in the GCC Paint Additives Market
Saudi Arabia is likely to grow considerably in the GCC Paint Additives Market during the forecast period. Regional Giant Saudi Arabia is witnessing a slow recovery since 2015. It owes prominently to mere investments and the construction sector, driven primarily by crude revenue, directly impacting the paint industry. As the crude prices are reviving, the paint industry is witnessing an increasing demand, thereby likely to fuel the paint additives market in the forecast period, reveals MarkNtel Advisors in their research report, “GCC Paint Additives Market Analysis, 2021.”
According to MarkNtel Advisors, the major leading players in the GCC Paint Additives Market are Akzo Nobel., Arkema SA, Asahi Glass Co.Ltd., Ashland Inc., BASF SE, Cabot Corp., Daikin Industries Ltd., Dynaa A.S, Dow, Evonik Industries AG.