Future GCC Water-based Paints Market: Key Dynamics, Size & Share Analysis

The GCC Water-based Paints Market size is valued at USD 9.98 billion in 2024 and is projected to reach USD 14.11 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 5.94% during the forecast period, i.e., 2025-30.

Top Driver Impacting the GCC Water-based Paints Market Growth

Rising Demand for Water-based Paints in Wooden Furniture – The increasing demand for Water-based paints in the market is primarily driven by their rising utilization in wooden furniture. This preference can be attributed to the reduced odor and quick-drying properties of these paints, making them favorable for furniture manufacturers. Additionally, the governments of the GCC countries are focusing on increasing their economic sustainability with the development of the service sector and industrial facilities. This is leading to a rise in the development of a large number of office spaces in the region, which in turn is widely augmenting the need for wooden furniture.

Additionally, with the continued development of residential and hospitality spaces, the need for beds, tables, and other home furniture products is rising substantially. As a result, several furniture producers, including Pan Emirates, OC Home, and others, are expanding in the region to strengthen their presence and enhance income potential. This widely supports the demand for water-based paints to provide better aesthetics to furniture products among furniture manufacturers.

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Understanding the Core Segments in the GCC Water-based Paints Market

GCC Water-based Paints Market Size, Share & Industry Trends Analysis - By Type (Natural Water-based Paints, Synthetic Water-based Paints), By End User (Construction, (Residential, Commercial), Automotive, Furniture, Other (Electronics, Marine, etc.)), By Country (The UAE, Saudi Arabia, Bahrain, Oman, Qatar, Kuwait), By Company (AkzoNobel N.V., Jazeera Paint, Asian Paints, Terraco, Fenzi S.p.A., National Paints Factories Co. Ltd., Kansai paints, Pitver Paints & Coatings, Sigma Paints, United Paints & Coatings, etc.), and other

Geographical Analysis of the Smart Irrigation Market

-By Country

  • The UAE
  • Saudi Arabia
  • Bahrain
  • Oman
  • Qatar
  • Kuwait

Geographically, the market for water-based paints in Saudi Arabia is strongly increasing, primarily due to the continuous growth in construction projects.

Who Dominates the GCC Water-based Paints Market Insights on Key Industry Players?

Companies are strengthening their presence in the GCC Water-based Paints market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services

  • Akzo Nobel N. V
  • Jazeera Paint
  • Asian Paints
  • Terraco
  • Fenzi S.p.A.
  • National Paints Factories Co. Ltd.
  • Ritver Paint & Coating
  • Sigma Paints
  • United Paints & Coatings
  • Others

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