According to MarkNtel Advisors’ research report, “Saudi Arabia Paint Additives Market Analysis, 2021,” the market is likely to witness around 3.91% CAGR during the forecast period, i.e., 2021-26. The burgeoning demand for paint additives is across various end-user sectors, including construction & buildings, automotive, wood & furniture, and industrial engineering products. Moreover, rapid economic growth results in infrastructural development, which, in turn, increases the demand for paint additives, thereby augmenting the overall market growth.
Key Questions Answered in the Study
Rheology Modifiers Captured the Largest Share of the Saudi Arabia Paint Additives Market
Based on the Product, the market bifurcates into Rheology Modifiers, Biocides, Anti-Foamers, and Wetting & dispersing agents. Of these segments, the Rheology Modifier held the largest share in the Saudi Arabia Paint Additives Market in the previous few years. The demand for Rheology Modifiers is significantly increasing owing to their benefits, such as ease of application and controlling shelf stability of paints. Additionally, it also helps in imparting optimal fluidity and offers better finishing to the surface. Hence, these factors lead to aid the growth of Rheology Modifiers and lead them to attain the largest market share.
“Saudi Arabia 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 measuring their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.
Central & West Dominates the Saudi Arabia Paint Additives Market
Region-wise, the Central & West region acquired the largest share in the Saudi Arabia Paint Additives Market in the past few years, owing to the surging government expenditure on infrastructural development and the launch of construction projects. Also, the region has a high inflow of religious tourists, which fuels the demand for more construction activities and paint additives, and accelerates the overall market growth, reveals MarkNtel Advisors in their research report, “Saudi Arabia Paint Additives Market Analysis, 2021.”
According to MarkNtel Advisors, the major leading players in the Saudi Arabia Paint Additives Market are AkzoNobel N.V., Arkema SA, Asahi Glass Co. Ltd., Ashland Inc., BASF SE, BYK-Chemie GMBH, Cabot Corp., Cytec Industries Inc., Daikin Industries Ltd., Dynea AS.