Future of Specialty Coatings Market in Saudi Arabia
Introduction The specialty coatings market in Saudi Arabia is on an upward trajectory, projected to grow from USD 240.12 million in 2025 to USD 316 million by 2030 , registering a compound annual growth rate (CAGR) of 5.65% . This growth is driven by several key industries, including oil and gas, construction, and manufacturing. In this blog, we'll delve into the factors fueling this expansion, popular product types, and emerging trends that could shape the future of this market. Key Drivers of Market Growth 1. Rising Demand from the Oil & Gas Sector Saudi Arabia's strong oil and gas industry is a significant consumer of specialty coatings, utilizing over 60 million liters annually . Maintenance of machinery exposed to harsh chemicals and extreme weather is crucial, elevating the demand for coatings that offer anti-corrosive, water-resistant, and fire-proof properties. 2. Infrastructure Development Massive infrastructure projects,...