by Pigments are insoluble solid colored or white particles that are used alone or as mixtures to color materials like plastics, coating, inks, and more. Pigments that are widely used in the UAE include organic pigments and inorganic pigments. Organic pigments like azo pigments, phthalocyanine pigments, and quinacridone pigments are used in printing inks, plastics, and paints & coatings due to their excellent opacity, color strength, weather resistance, and heat stability properties. Inorganic pigments popular in UAE comprises titanium dioxide, iron oxide, cadmium pigments, chrome pigments, and carbon black. They provide benefits such as weather resistance, thermal stability, durability, and chemical resistance. The increasing use of pigments across industries like paints & coatings, plastics, construction, textiles, and others in infrastructure development and manufacturing activities is fueling market growth.
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.
Key Takeaways
Key players operating in the UAE Pigments are Sensient Cosmetic Technologies, BASF FZE, The Chemours Company, LANXESS Corporation, PPG Industries, Inc. and Among Others. The UAE pigments market is fragmented with the presence of several international and domestic players. Major players are focusing on new product launches, agreements, and expanding their production facilities to meet the growing demand and strengthen their market position.
The growing construction and paints & coatings industry in the UAE offers potential opportunities for pigments manufacturers. Increasing investments in infrastructure projects such as highways, airports, metro rail, and buildings are propelling the demand for construction materials including paints, coatings, and cement which use pigments. Furthermore, expanding manufacturing sector and strong economic growth are also augmenting the sales of various end-use products of pigments.
The increasing export of UAE pigments to countries in the Middle East, Africa, South Asia indicates huge potential for global expansion. Key players are planning to set up new production facilities catering to the export market. For instance, BASF plans to expand its pigments production site in Dubai to meet the rising pigments demand from export markets.
Market Drivers
The rapid urbanization and growing construction activities are the major drivers augmenting the growth of the UAE pigments market. According to Invest in UAE, the construction industry in UAE is expected to grow at 4.2% annually until 2026. The surge in infrastructure projects related to airports, metro rails, and roads construction is propelling the demand for paints, coatings, cement, and other construction materials where pigments are used. This is escalating the sales of pigments in the country.
PEST Analysis
Political: UAE government policies regarding import and export duties on pigments have a significant impact on the market.
Economic: The continuous growth of end-use industries such as paints & coatings contributes to the demand for pigments in the UAE.
Social: Increasing consumer spending on home decoration and improving aesthetics is fueling the sales of paints and coatings in turn boosting the pigments market.
Technological: Developments in nanotechnology have led to enhanced and more efficacious pigments with improved lightfastness and weather resistance.
The pigments market in terms of value is concentrated majorly in Dubai and Abu Dhabi. These regions account for over 50% share of the total UAE pigments market due to the presence of key end-use industries such as construction, paints & coatings, plastics, etc. and major players. The northern part of the UAE including Ras Al Khaimah and Ajman is witnessing rapid industrialization currently and is expected to be the fastest growing market during the forecast period supported by infrastructure development projects.
The fastest growing region for the UAE pigments market is expected to be the eastern region comprising Fujairah and Umm Al Quwain. This can be attributed to ongoing investments in real estate, tourism and manufacturing sectors. Several new infrastructure projects are under development which will fuel the demand for paints & coatings and subsequently pigments from the construction industry in this region.
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
