Saudi Arabia Decorative Paints Market - Future, Scope, Trends [2028]
Saudi Arabia decorative paints market is anticipated to register a robust CAGR during the forecast period. Saudi Arabia, the largest economy in the Middle East region of Asia, is also the region's largest market for paints and coatings. Strong construction and industrial activity over the past three decades have made Saudi Arabia one of the most attractive markets for domestic and foreign paint and coating manufacturers operating in the country. The Kingdom of Saudi Arabia's paints and coatings industry is estimated to be worth around USD 1.8 billion (as of the end of 2018) and has grown rapidly over the past few decades as high oil prices boosted the national economy. Both the building and industrial sectors have registered steady demand from construction and industrial activity in the country. Saudi Arabia's paint and varnish industry, the largest in the Arab world, is suffering from austerity measures aimed at lowering oil prices and a huge budget deficit. The King...