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UAE’s architectural paints & coatings market was estimated at 261.92 kilo tons in 2017, and is expected to register a CAGR of 2.78% in terms of volume during the forecast period, 2018 to 2023. The increasing construction activities in the country are expected to drive the market in the forecast period.
Increasing Construction Activities Driving the Market
Architectural paints & coatings, owing to their corrosion and temperature resistance, increased durability on end products, and low fire-hazards risks properties, are becoming an integral part of various commercial and residential sectors. The country’s construction industry is growing rapidly. Some of the major commercial projects include:
Ruwais – Housing Complex Expansion Phase IV
Millennium Estates in Meydan City
The Address Residence Sky View in Downtown Dubai, etc.
Emirati Housing at Jebel Hafeet, Al Ain
The above-mentioned and upcoming infrastructural and construction activities are expected to boost the consumption of architectural paints & coatings in the country.
Water-Borne Technology – The Dominant Technology Type
The VOCs released from solvent-borne coatings are the core reason for the switch of manufacturers to water-borne coatings. Also, other properties, like low odor, more durability, and more block resistance make water-borne coatings preferable. There are many regulations from the government that support the usage and adoption of water-based coatings. In recent times, there has been a propensity towards coatings with high usability and water clean-up characteristics among the users, and low viscosity without the addition of low-molecular weight monomers.
Notable Developments in the Market
April 2017: Kansai completed the acquisition of Helios Group.
Major Players: Hempel, PPG Industries, AkzoNobel N.V., and Al-Jazeera Factories, among others.
Reasons to Purchase the Report
Analyze how the growing construction activates will drive the market
Analyze various perspectives of the market with the help of Porter’s five forces analysis
The technology that is expected to dominate the market
Identify the latest developments, market shares, and strategies employed by the major market players
3 month analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Increasing Construction Activities Driving the Market
Architectural paints & coatings, owing to their corrosion and temperature resistance, increased durability on end products, and low fire-hazards risks properties, are becoming an integral part of various commercial and residential sectors. The country’s construction industry is growing rapidly. Some of the major commercial projects include:
Ruwais – Housing Complex Expansion Phase IV
Millennium Estates in Meydan City
The Address Residence Sky View in Downtown Dubai, etc.
Emirati Housing at Jebel Hafeet, Al Ain
The above-mentioned and upcoming infrastructural and construction activities are expected to boost the consumption of architectural paints & coatings in the country.
Water-Borne Technology – The Dominant Technology Type
The VOCs released from solvent-borne coatings are the core reason for the switch of manufacturers to water-borne coatings. Also, other properties, like low odor, more durability, and more block resistance make water-borne coatings preferable. There are many regulations from the government that support the usage and adoption of water-based coatings. In recent times, there has been a propensity towards coatings with high usability and water clean-up characteristics among the users, and low viscosity without the addition of low-molecular weight monomers.
Notable Developments in the Market
April 2017: Kansai completed the acquisition of Helios Group.
Major Players: Hempel, PPG Industries, AkzoNobel N.V., and Al-Jazeera Factories, among others.
Reasons to Purchase the Report
Analyze how the growing construction activates will drive the market
Analyze various perspectives of the market with the help of Porter’s five forces analysis
The technology that is expected to dominate the market
Identify the latest developments, market shares, and strategies employed by the major market players
3 month analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
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