Product Code: ETC017580 | Publication Date: Aug 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
United Arab Emirates (UAE) Paints market currently, in 2023, has witnessed an HHI of 1118, Which has increased slightly as compared to the HHI of 973 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The paints market in the United Arab Emirates (UAE) has witnessed substantial growth during the period of 2025-2031, driven by factors such as the country`s booming construction and real estate sector, growing demand for home improvement and renovation, and the increasing adoption of eco-friendly and sustainable paints. Paints and coatings are essential products used for protecting and beautifying surfaces in residential, commercial, and industrial applications. The UAE rapid urbanization, government initiatives for infrastructure development, and the emphasis on sustainable building practices have been key drivers for the demand for paints in the country. Additionally, the market`s expansion is influenced by the growing trend of digitalization in paint manufacturing and the introduction of innovative paint products.
Several factors drive the demand for paints in the UAE. Firstly, the country`s thriving construction and real estate industry, which includes residential, commercial, and hospitality projects, fuels the demand for architectural paints. Secondly, the increasing number of home improvement and renovation activities, driven by changing consumer preferences and lifestyle trends, contributes to the growing demand for decorative paints.
Despite the positive growth prospects, the UAE paints market faces certain challenges. One significant challenge is the volatility of raw material prices. As the cost of key raw materials fluctuates, it can impact the overall production costs for paint manufacturers, affecting pricing and profit margins.
The Covid-19 pandemic had a notable impact on the UAE paints market. With restrictions on mobility and economic activities during lockdowns, the construction and real estate sector experienced temporary disruptions, leading to a slowdown in demand for paints. However, as the UAE gradually lifted restrictions and the construction sector resumed, the market witnessed a recovery in demand, especially for paints used in home improvement and renovation projects.
The UAE paints market comprises both international and local players. Leading paint manufacturers and suppliers, such as Jotun, AkzoNobel, and National Paints, have a strong presence in the UAE, offering a wide range of paints and coatings to cater to the preferences of UAE diverse population. These companies emphasize product quality, durability, and sustainability to meet the demands of UAE construction industry and consumers seeking high-quality paint products. Additionally, local distributors, paint retailers, and interior design companies also play a crucial role in providing a diverse selection of paints and coatings to meet the demands of UAE retail market. The market`s competitiveness and growth are shaped by the efforts of these key players to offer a range of products that align with the UAE architectural and interior design needs and the increasing consumer awareness about eco-friendly and low-VOC paints. As the UAE construction and real estate sector continue to grow and consumer preferences evolve, the paints market is expected to witness further advancements and increasing adoption of innovative and sustainable paint solutions in the coming years.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 United Arab Emirates (UAE) Paints Market Overview |
3.1 United Arab Emirates (UAE) Country Macro Economic Indicators |
3.2 United Arab Emirates (UAE) Paints Market Revenues & Volume, 2021 & 2031F |
3.3 United Arab Emirates (UAE) Paints Market - Industry Life Cycle |
3.4 United Arab Emirates (UAE) Paints Market - Porter's Five Forces |
3.5 United Arab Emirates (UAE) Paints Market Revenues & Volume Share, By Resin, 2021 & 2031F |
3.6 United Arab Emirates (UAE) Paints Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 United Arab Emirates (UAE) Paints Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 United Arab Emirates (UAE) Paints Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 United Arab Emirates (UAE) Paints Market Trends |
6 United Arab Emirates (UAE) Paints Market, By Types |
6.1 United Arab Emirates (UAE) Paints Market, By Resin |
6.1.1 Overview and Analysis |
6.1.2 United Arab Emirates (UAE) Paints Market Revenues & Volume, By Resin, 2021-2031F |
6.1.3 United Arab Emirates (UAE) Paints Market Revenues & Volume, By Acrylic, 2021-2031F |
6.1.4 United Arab Emirates (UAE) Paints Market Revenues & Volume, By Alkyd, 2021-2031F |
6.1.5 United Arab Emirates (UAE) Paints Market Revenues & Volume, By Epoxy, 2021-2031F |
6.1.6 United Arab Emirates (UAE) Paints Market Revenues & Volume, By Polyurethane, 2021-2031F |
6.1.7 United Arab Emirates (UAE) Paints Market Revenues & Volume, By Polyester, 2021-2031F |
6.2 United Arab Emirates (UAE) Paints Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 United Arab Emirates (UAE) Paints Market Revenues & Volume, By Waterborne, 2021-2031F |
6.2.3 United Arab Emirates (UAE) Paints Market Revenues & Volume, By Solventborne, 2021-2031F |
6.2.4 United Arab Emirates (UAE) Paints Market Revenues & Volume, By Powder, 2021-2031F |
6.3 United Arab Emirates (UAE) Paints Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 United Arab Emirates (UAE) Paints Market Revenues & Volume, By Architectural, 2021-2031F |
6.3.3 United Arab Emirates (UAE) Paints Market Revenues & Volume, By Industrial, 2021-2031F |
7 United Arab Emirates (UAE) Paints Market Import-Export Trade Statistics |
7.1 United Arab Emirates (UAE) Paints Market Export to Major Countries |
7.2 United Arab Emirates (UAE) Paints Market Imports from Major Countries |
8 United Arab Emirates (UAE) Paints Market Key Performance Indicators |
9 United Arab Emirates (UAE) Paints Market - Opportunity Assessment |
9.1 United Arab Emirates (UAE) Paints Market Opportunity Assessment, By Resin, 2021 & 2031F |
9.2 United Arab Emirates (UAE) Paints Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 United Arab Emirates (UAE) Paints Market Opportunity Assessment, By Application, 2021 & 2031F |
10 United Arab Emirates (UAE) Paints Market - Competitive Landscape |
10.1 United Arab Emirates (UAE) Paints Market Revenue Share, By Companies, 2024 |
10.2 United Arab Emirates (UAE) Paints Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |