By Formulation (Water, Solvent, Powder Based, Others), By End-User (Automobiles & Transportation, Industrial, Furniture & Woods, Building & Construction), By Product (Rheology Modi......fiers, Biocides, Anti-Foamers, Wetting & dispersing agents, Others), By Country (UAE, GCC, Bahrain, Oman, Qatar, Kuwait), By Competitors (Akzo Nobel., Arkema SA, Asahi Glass Co.Ltd., Ashland Inc., BASF SE, Cabot Corp., Daikin Industries Ltd., Dynaa A.S, Dow, Evonik Industries AG) Read more
- Chemicals
- Dec 2021
- 178
- PDF, Excel, PPT
Market Definition
Modern-day paints are rapidly perishing with the addition of cheap materials. Hence, additives are used in small quantities to prevent paints from flowing across a surface or leaving brush marks on walls. These additives are low-level ingredients that enhance the efficacy & performance of paints. With the increasing environmental pollution, paint manufacturers across Saudi Arabia are constantly working on environment-friendly & easiest-to-manufacture formulations with the minimum number of raw materials.
Market insights
The GCC Paint Additives Market is anticipated to grow at a CAGR of around 3.5% during the forecast period, i.e., 2021-26. The bolstering consumption of paints across the construction sector and increasing inflow of tourists in GCC nations are the primary factors driving the market. Besides, mounting residential & commercial construction activities, coupled with massive investments in the same, are other crucial aspects leading to the burgeoning production & sales of paints, and, consequently, of paint additives.
Paint additives offer numerous properties like enhanced durability, anti-corrosiveness, and better appearance. Owing to these characteristics, their demand across the GCC region is quite significant. Moreover, the surging environmental concerns are encouraging leading market players to invest massively in research & development activities on developing environment-friendly paint additives, which is another crucial aspect driving the overall market.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2016-19 |
| Base Year: 2020 | |
| Forecast Period: 2021-26 | |
| CAGR (2021-2026) | 3.5% |
| Country Covered | UAE, GCC, Bahrain, Oman, Qatar, Kuwait |
| Key Companies Profiled | Akzo Nobel., Arkema SA, Asahi Glass Co.Ltd., Ashland Inc., BASF SE, Cabot Corp., Daikin Industries Ltd., Dynaa A.S, Dow, Evonik Industries AG |
| Unit Denominations | USD Million/Billion |
Impact of Covid-19 Pandemic on the GCC Paint Additives Market
- The Covid-19 pandemic in 2020 negatively impacted the production & sales of the GCC Paint Additive Market.
- The imposition of lockdown & other stringent restrictions by the governments across the GCC led to the shortage of labor, suspension of construction activities, and reduced expenditure on the construction industry, which made 2020 a tragic year for all countries in the region.
- The temporary ban on imports & exports caused supply chain disruptions, which, in turn, restrained the market expansion.
- Further, the shutdown of automotive & industrial production activities also negatively influenced the market.
- However, the market is expected to recover & grow steadily in the coming future, owing to the resumption of construction activities and increasing demand for paint additives from other end-users.
- Introduction
- Product Definition
- Research Process
- Assumptions
- Market Segmentation
- Preface
- Executive Summary
- Egypt Paint Additives Market Dynamics
- Growth Drivers
- Challenges
- Hotspots & Opportunities
- Paint Additives Market Trends & Insights
- Egypt Paint Additives Market Supply Chain Analysis
- Egypt Paint Additives Market Price Trends
- Egypt Paint Additives Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenues
- By Quantity Sold in Kilo Tons
- Market Share & Analysis
- By Formulation
- Water
- Solvent
- Powder Based
- Others
- By End Users
- Automobiles & Transportation
- Industrial
- Furniture & Wood
- Building & Construction
- Others
- By Product
- Rheology modifiers
- Biocides
- Anti-Foamers
- Wetting & Dispersion Agents
- Others
- By Country
- UAE
- Saudi Arabia
- Bahrain
- Oman
- Qatar
- Kuwait
- By Competitor
- Competition Characteristics
- Key Competitor & Their Capabilities
- Competitor Factorial Indexing
- By Formulation
- Market Size & Analysis
- UAE Paint Additives Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenues
- By Quantity Sold in Kilo Tons
- Market Share & Analysis
- By Formulation
- By Product
- By Region
- Market Size & Analysis
- Saudi Arabia Industrial Paint Additives Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenues
- By Quantity Sold in Kilo Tons
- Market Share & Analysis
- By Formulation
- By Product
- By Region
- Market Size & Analysis
- Bahrain Furniture & Wood Additives Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenues
- By Quantity Sold in Kilo Tons
- Market Share & Analysis
- By Formulation
- By Product
- By Region
- Market Size & Analysis
- Oman Buildings & Construction Paint Additives Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenues
- By Quantity Sold in Kilo Tons
- Market Share & Analysis
- By Formulation
- By Product
- By Region
- Market Size & Analysis
- Qatar Buildings & Construction Paint Additives Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenues
- By Quantity Sold in Kilo Tons
- Market Share & Analysis
- By Formulation
- By Product
- By Region
- Market Size & Analysis
- Kuwait Buildings & Construction Paint Additives Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenues
- By Quantity Sold in Kilo Tons
- Market Share & Analysis
- By Formulation
- By Product
- By Region
- Market Size & Analysis
- Company Profiles
- Akzo Nobel.
- Arkema SA
- Asahi Glass Co.Ltd.,
- Ashland Inc.
- BASF SE
- Cabot Corp.
- Daikin Industries Ltd.
- Dynaa A.S
- Dow
- Evonik Industries AG
- Disclaimer
MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:
1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.
2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.
3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.
4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making
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