Saudi Arabia Paint Additives Market Research Report: Insights by Emerging Trends, Future Growth, Revenue Analysis, Demand Forecast (2021-2026)


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Oct 08, 2021, 06:53 EST


Shibuya-ku, Tokyo, Japan, Japan, Oct 08, 2021, 06:53 /Comserve / -- The paint additives are ingredients added to paints while making them. They help enhance their properties, such as performance, functionality, efficiency, and excellence. 

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment. 

The paint additives are ingredients added to paints while making them. They help enhance their properties, such as performance, functionality, efficiency, and excellence. According to MarkNtel Advisors’ research report, “Saudi Arabia Paint Additives Market Analysis, 2021,” the market is likely to grow at a CAGR of around 3.91% during 2021-26. The prime factors contributing to the growth of Paint Additives increase in constructional activities and development of architectural industry in the country. Further, the demand for paint additives is increasing astronomically across various end-user sectors due to their crucial characteristics, including protecting the surface from UV radiations without cracking, fading, and peeling away.

The sudden outbreak of the Covid-19 pandemic has impacted most end-user industries due to nationwide lockdown and other stringent restrictions. The Saudi Arabia Paint Additives Market has also been adversely affected owing to the lockdown imposed, resulting in a temporary ban on export & import and disruption in the supply chain. Additionally, the pandemic led to the temporary shutdown of manufacturing units and brought all the construction activities to a standstill position. However, with the gradual upliftment of lockdown, the market is likely to resume by the first & second quarters of 2021 due to the increasing demand for paint additives across various end-user verticals.

Fill This Form and get the Sample Copy of This Report: https://www.sdki.jp/sample-request-115370
The Final Report will cover the impact analysis of COVID-19 on this industry: Saudi Arabia Paint Additives Market Research Report: Insights by Emerging Trends, Future Growth, Revenue Analysis, Demand Forecast (2021-2026)

Water-Based Accounted for the Largest Market Share
Based on Formulations, the market segments into Water, Solvent, and Powder-Based Formulations. Of these segments, Water-Based formulations accounted for more than 70% of the market share. The segment growth owes to the properties of water-based paint additives, including superior adhesion, high film density, and low toxicity. Further, increasing demand for water-based additives in various end-user industrial applications leads to aiding the segment growth, cites MarkNtel Advisors in their research report, “Saudi Arabia Paint Additives Market Analysis, 2021.”

Building and Construction Dominated the Market
Based on End-Users, the market bifurcates into Automobiles & Transportation, Industrial, Furniture & Woods, and Building & Construction. Of them all, the Building & Construction segment held the largest share in the Saudi Arabia Paint Additives Market in the previous few years, primarily due to the increasing construction activities that surge the demand for paint additives. Further, the surging usage of paint additives for decorative purposes to enhance the aesthetic look of houses is another prime factor likely to accelerate the segment growth.

Rapid Expansion of Construction Industry to Boost the Market
Paint Additives are used majorly in the construction industry for decoration and protection purposes. Decorative paints in the building and construction sector account for more than 95% market share. Moreover, the rising demand for paint additives for architectural development and enhancing the interior & exterior of houses is another critical aspect likely to bolster the overall market growth.

Fill This Form and get the Sample Copy of This Report: https://www.sdki.jp/sample-request-115370
The Final Report will cover the impact analysis of COVID-19 on this industry: Saudi Arabia Paint Additives Market Research Report: Insights by Emerging Trends, Future Growth, Revenue Analysis, Demand Forecast (2021-2026)

Emission of Harmful Volatile Organic Compounds Hinders the Market Growth
Paint additives are environmentally unfriendly as it contains hazardous volatile organic compounds. This factor might lead to hampering the market growth. Further, the price fluctuation of raw materials is another critical aspect that could hinder the Saudi Arabia Paint Additives Market growth.

Competitive Landscape
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.

Key Questions Answered in the Market Research Report:
1. What are the overall market statistics or estimates (Market Overview, Market Size- by Value, Forecast Numbers, Market Segmentation, and Market Shares) of the Saudi Arabia Paint Additives Market?
2. What are the region-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Saudi Arabia Paint Additives Market?
4. Who are the key competitors, their key strengths & weaknesses, and how they perform in the Saudi Arabia Paint Additives Market based on a competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the Saudi Arabia Paint Additives Market study?

TABLE OF CONTENT

1. Introduction
1.1. Product Definition
1.2. Research Process
1.3. Assumptions
1.4. Market Segmentation
2. Preface
3. Executive Summary
4. Saudi Arabia Paint Additives Market Dynamics
4.1. Growth Drivers
4.2. Challenges
4.3. Hotspots & Opportunities
5. Paint Additives Market Trends & Insights
6. Saudi Arabia Paint Additives Market Supply Chain Analysis
7. Saudi Arabia Paint Additives Market Price Trends
8. Saudi Arabia Paint Additives Market Outlook, 2016-2026F
8.1. Market Size & Analysis
8.1.1. By Revenues
8.1.2. By Quantity Sold in Kilo Tons
8.2. Market Share & Analysis
8.2.1. By Formulation
8.2.1.1. Water
8.2.1.2. Solvent

 

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.


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