Manufacturing plants for coatings

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Overview

This opportunity entails localizing the entire value chain for coatings.

In KSA, decorative coatings account for the majority of the coatings market (68%) followed by industrial coatings (24%), automotive coatings (6%) and finally maritime coatings (3%).

Currently, consumption for coatings in KSA is 1,115 KTPA with imports accounting for 230 KTPA (21%).

  • Industrial coatings market size is 219 KTPA with imports accounting for 144 KTPA (66%)
  • Decorative and other coatings market size is 896 KTPA with imports accounting for 86 KTPA (10%)

Coatings consumption in KSA and rest of GCC is expected to rise significantly over the next couple of years from 2,611 KTPA in 2018 to 4,651 KTPA in 2030 driven mainly by the growth in industrial activities

The overall demand for coatings is expected to increase to 2,233 KTPA in KSA and 2,419 KTPA in other GCC countries by 2030.

The increase in local and regional demand for coatings, the high reliance on imports for industrial coatings and the limited presence of local players coupled with the Governments push for localization presents a great opportunity for the private sector to invest in establishing manufacturing plants for coatings, especially for industrial and fusion based epoxy, in Saudi Arabia.

Beyond the local manufacturing of coatings, other opportunities exist across the value chain including:

  • Establishing manufacturing facilities for key raw materials (e.g., epoxy, acrylic coatings and polyurethanes coatings)
  • Providing design, testing & certification and logistics & transportation services

Opportunity Details

Chemicals
Sector
To be determined by the investor
Location
To be assessed by investor (cost drivers and other financial figures to be shared upon request)
Investment size
Open to starting the project as soon as possible
Timeline

Investment Model

Model: Opportunity to consider different operating models:
  • Pure private sector model
  • Joint venture with local player

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