The UAE pigments market comprises various types of pigments used across industries such as construction, automotive, packaging, and others to impart color and protect surfaces. The inorganic pigments hold a major share in the market and include iron oxide, chromium oxide, cadmium pigments, carbon black, and titanium dioxide. They are widely used in the construction industry to color concrete, stucco, roofing, and other building materials. The organic pigments mainly cover azo pigments, phthalocyanine pigments, high-performance pigments, and others that find usage in plastics, printing inks, paints & coatings, and other specialty applications.
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.
The high growth can be attributed to the growing construction activities in the country. Megaprojects like Expo 2020 and expansion of infrastructure are boosting the demand for pigments in various construction applications.
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. These players are focusing on capacity expansions and new product launches to strengthen their presence. For instance, in 2021, BASF opened a new production plant for pigments in Sharjah with an investment of US$ 30 Mn.
The demand for pigments is growing across end-use industries like construction, packaging, and automotive production in the UAE. The country's non-oil sector is diversifying at a rapid pace with construction as a major contributor. This is positively impacting the pigments market.
Advanced pigment technologies are being adopted to enhance the product performance. Nanopigments and special effect pigments that provide properties like self-cleaning, anti-bacterial are gaining traction. Continuous R&D is expanding the application scope of pigments.
Market Trends
Increasing manufacturer focus on eco-friendly pigments: With the growing environmental consciousness, manufacturers are developing bio-based and heavy-metal-free pigments using renewable resources.
Rise in demand for specialty pigments: Special effect pigments that provide optical properties are being increasingly used in cosmetics, automotive coatings, and other specialty applications.
Market Opportunities
Growth in construction and infrastructure projects: Megaprojects underway are driving the demand for pigments used in construction applications like roads, buildings.
Potential inprinted electronics: Pigments that show electrical conductivity have applications in printed photovoltaics, sensors and displays offering new opportunities.
Impact Of COVID-19 On UAE Pigments Market Growth
The COVID-19 pandemic has severely impacted the UAE pigments market growth. During the pre-COVID times, the market was growing at a steady pace on account of rising demand from various end-use industries such as paints & coatings, plastics, construction materials, printing inks, and cosmetics. However, the outbreak of coronavirus led to complete lockdowns across the country during 2020 and 2021, majorly disrupting industrial activities and supply chains. This resulted in reduced demand from the consuming industries.
In the post-COVID scenario, the recovery in the UAE pigments market has been gradual. While construction and manufacturing industries picked up momentum in late-2021 and 2022, supply chains are still recovering. Additionally, rising cases of new virus variants pose uncertainty. Nevertheless, development of vaccines and resumption of business operations have provided some relief. The market is anticipated to get back on the growth trajectory by 2023 if the situation remains under control.
For sustainable growth in the future, participants should focus on strengthening online distribution channels, prioritizing employee safety, developing long-term partnerships, ensuring supply security, expanding production capacities preemptively, and closely monitoring market demand dynamics amid evolving situations. Diversification across industries and regions would help minimize risks.
Geographical Regions with Highest Value Concentration in UAE Pigments Market
The Abu Dhabi emirate accounts for over 50% share in the overall value of UAE pigments market owing to high industrial activity. The capital city is a manufacturing and export hub with numerous petrochemical plants, refineries, aluminum smelters, and renewable energy projects that significantly drive pigment demand.
Dubai emirate holds the second largest share of around 30% due to strong presence of construction, paints, plastics, and printing inks sectors. Mega infrastructure projects such as Expo 2020 Site works and various Special Economic Zones under 'Dubai 2040 Plan' continue bolstering pigment consumption.
Fastest Growing Region For UAE Pigments Market
The northern emirates comprising Sharjah, Fujairah, Ras Al Khaimah and Umm Al Quwain are projected to witness highest growth rate in the UAE pigments market during the forecast period. This is attributed to rising industrial investments under 'Make it in the Emirates' program, expansion of oil & gas exploration activities along the coastlines, and growing chemical manufacturing capacities in recent years.
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Author Bio:
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: www.linkedin.com/in/alice-mutum-3b247b137 )
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
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