by The pigments market in UAE plays a vital role in various end-use industries like paints and coatings, construction materials, plastic, and paper owing to its ability to add color and protect products from degradation. Pigments provide improved opacity, color strength, and weatherability. They assist in masking imperfections and increasing the aesthetic appeal of products. The growing construction and infrastructure development activities along with expansion of consumer industries are fueling the demand for pigments in the country.
The UAE pigments market is estimated to be valued at US$ 48.4 Mn in 2024 and is expected to exhibit a CAGR of 3.1% over the forecast period 2024-2031.
Pigments are extensively utilized to impart color to paints, coatings, plastics, and construction materials. They protect products from photo-degradation and corrosion and enhance opacity. In the UAE, the thriving construction industry along with rapid urbanization is driving the consumption of pigments in applications such as architectural and decorative paints. Moreover, the growth of the consumer goods sector comprising packaged foods, personal care products, and toys is also propelling market growth. With economic diversification and Vision 2030, non-oil industries are gaining prominence which will further augment pigments demand over the coming years.
Key Takeaways
Key players operating in the UAE pigments market are Sensient Cosmetic Technologies, BASF FZE, The Chemours Company, LANXESS Corporation, PPG Industries, Inc. and among others. The major players are focusing on strategic expansions to gain higher market shares and cater to the growing demand from end-use industries.
The UAE pigments market is witnessing healthy growth owing to the increasing demand from various end-use industries like construction, paints and coatings, plastics, and paper. The construction industry in the UAE is booming rapidly with many infrastructural projects which is a key factor driving pigments consumption.
Global expansion of key players and rapid urbanization in the UAE are some of the major factors propelling the growth of the pigments market in the country. Key companies are expanding their production capacities and distribution networks across major cities to cater to the localized demand.
Market Key Trends
Sustainable and eco-friendly pigments are gaining traction in the UAE market. Strict environmental regulations regarding volatile organic compound (VOC) emissions are prompting manufacturers to develop pigments with low VOC content. Solutions complying with REACH, Cosmetic Directive, and other green building standards are witnessing high demand. Moreover, waterborne pigments are emerging as an eco-friendly alternative to solvent-borne pigments used in paints and coatings application.
Porter’s Analysis
Threat of new entrants: Difficult for new players to enter the market due to presence of established players and high capital requirement.
Bargaining power of buyers: Large buyers command better prices and have more bargaining power due to availability of many players in the market.
Bargaining power of suppliers: Raw material suppliers have less bargaining power due to availability of substitute materials.
Threat of new substitutes: Substitute products impact the market if they provide better utility at lower prices.
Competitive rivalry: Market is competitive with players focusing on product innovation and quality to increase market share.
Geographical Regions
The UAE pigments market is currently concentrated in South and Central regions of the UAE where construction and paints & coatings industries are well developed. The cities of Dubai, Abu Dhabi and Sharjah account for around 75% of the total pigments demand in the country due to presence of major manufacturing units and projects in these regions.
The Northern Emirates region consisting of Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah is expected to be the fastest growing market for pigments during the forecast period. This is attributed to ongoing infrastructure development projects for road construction, real estate and tourism industry in these emirates. Focus on renewable energy projects will also drive the pigments demand from paints & coatings sector in Northern Emirates.
What Are The Key Data Covered In This UAE Pigments Market Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the UAE Pigments Market ‘s growth between 2024 and 2031.
:- Accurate calculation of the size of the UAE Pigments Market and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- UAE Pigments Market Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of UAE Pigments Market vendors
FAQ’s
Q.1 What are the main factors influencing the UAE Pigments Market ?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top UAE Pigments Market companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the UAE Pigments Market ’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author - Alice Mutum
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights. LinkedIn
