Booming Construction Industry Fuels the Growth of the Paint Additives Market in Saudi Arabia

According to MarkNtel Advisors’ research report, “Saudi Arabia Paint Additives Market Analysis, 2021,” the market is likely to witness 3.91% CAGR during the forecast period of 2021-26. It attributes to the increasing investments by the market players to improve their research & development activities to offer a more enhanced version of paint additives in the market. Further, rapid expansion in the construction industry is another significant growth factor for the paint additive market in Saudi Arabia. Additionally, increasing population rate leads to aiding the construction of residential and commercial buildings, thereby increasing the demand for paint additives and boosting the overall market growth.

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Key Questions Answered in the Study
1. What are the current and future trends in the Saudi Arabia Paint Additives market?
2. How has the industry been evolving in terms of geography and services adoption?
3. How has the competition been shaping across the countries, followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Saudi Arabia Paint Additives market?
5. What are the customer orientation, purchase behavior, and expectations from the Saudi Arabia Paint Additives market service providers across various regions?

Solvent-Based Segment to Grow at Sturdy Rate
Based on Formulations, the market bifurcates into Water, Solvent, and Powder Based. Of these segments, the Solvent-Based Formulation is more likely to grow substantially in the Saudi Arabia Paint Additives Market during the forecast period. Solvent-Based additives substantially consist of organic compounds and help form a durable and regular film of paint. It also facilitates the application and drying of paints. Hence, these factors are likely to boost the segment growth in the forecast period.

However, solvent-based additives tend to release volatile organic compounds (VOCs) into the atmosphere, which further impacts the environment. Therefore, this factor might hinder the growth of the solvent-based additives market in the coming future.

For detailed analysis of the market visit: https://www.marknteladvisors.com/research-library/saudi-arabia-paint-additives-market.html

“Saudi Arabia Paint Additives Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Paint Additives providers across the country. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.

Anti-Foamers Exhibit the Fastest Market Growth
Based on Product, the market segments into Rheology Modifiers, Biocides, Anti-Foamers, and Wetting & dispersing agents. Among these segments, Anti-Foamers are more likely to grow considerably in the Saudi Arabia Paint Additives Market during the forecast period. The formation of foams can damage the surface coating and hinders the efficient surface coating. Therefore, demand for anti-foamers is significantly increasing as it causes the rupture of air bubbles and prevents foam formation. Hence, these factors are likely to contribute to the segment growth during the forecast period, reveals MarkNtel Advisors in their research report, “Saudi Arabia Paint Additives Market Analysis, 2021.”

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.

Market Segmentation:
1. By Formulation (Water, Solvent, Powder Based, Others)
2. By End-User (Automobiles & Transportation, Industrial, Furniture & Woods, Building & Construction)
3. By Product (Rheology Modifiers, Biocides, Anti-Foamers, Wetting & dispersing agents, Others)
4. By Region (East, West, South, Central)
5. By Competitors (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.)

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MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

This release was published on openPR.