Markntel Advisors, a leading consulting, data analytics, and market research firm, recently published an analytical report description that describes the recent achievements and developments of prominent players including new launching of innovative products, strategic collaborations, or partnerships, that bolster the growth of the GCC Water-based Paints market. The research report on the GCC Water-based Paints Market presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts.
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The report further comprises, “GCC Water-based Paints Market Research Report: Forecast (2023-2028)”,
The Market size is estimated to grow at a CAGR of around 3.8% during the forecast period, i.e., 2023-28.
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GCC Water-based Paints Market Driver:
Rising Demand for Water-based Paints in Wooden Furniture- The increasing demand for Water-based paints in the market is primarily driven by its rising utilization in wooden furniture. This preference can be attributed to the reduced odor and quick-drying properties of these paints, making them favorable for furniture manufacturers. Additionally, the governments of the GCC countries are focussing on increasing their economic sustainability with the development of the service sector and industrial facilities. This is leading to a rise in the development of a large number of office spaces in the region, which in turn is widely augmenting the need for wooden furniture.
Additionally, with the continued development of residential and hospitality spaces, the need for beds, tables, and other home furniture products is rising substantially. As a result, several furniture producers, including Pan Emirates, OC Home, and others, are expanding in the region to strengthen their presence and enhance income potential. This is widely supporting the demand for water-based paints to provide better aesthetics to furniture products among furniture manufacturers.
GCC Water-based Paints Market Analysis Based On Segment, Geography
The GCC Water-based Paints market is segmented into significant segments based on:
By Type
-Natural Water-based Paints- Market Size & Forecast 2018-2028, Thousand Tons
-Synthetic Water-based Paints- Market Size & Forecast 2018-2028, Thousand Tons
By End User
-Construction- Market Size & Forecast 2018-2028, Thousand Tons
-Residential- Market Size & Forecast 2018-2028, Thousand Tons
-Commercial- Market Size & Forecast 2018-2028, Thousand Tons
-Automotive- Market Size & Forecast 2018-2028, Thousand Tons
-Furniture- Market Size & Forecast 2018-2028, Thousand Tons
-Other (Electronics, Marine, etc.)- Market Size & Forecast 2018-2028, Thousand Tons
By Country
-The UAE
-Saudi Arabia
-Bahrain
-Oman
-Qatar
-Kuwait.
Read Detailed Index of full Research Study at – https://www.marknteladvisors.com/research-library/gcc-water-based-paints-market.html
Top Companies Essentially Working in GCC Water-based Paints Market
AkzoNobel N.V., Jazeera Paint, Asian Paints, Terraco, Fenzi S.p.A., National Paints Factories Co. Ltd., Kansai paints, Pitver Paints & Coatings, Sigma Paints, United Paints & Coatings, etc.
Frequently Asked Questions (FAQs)-
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What leading factors would propel and impede the industry across the geography?
- How has the industry been evolving in terms of geography & GCC Water-based Paints adoption?
- How has the competition been shaping up across the geography?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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