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Rise in the investments in construction industry and rapid urbanization is expected to drive the demand of Saudi Arabia Paints & Coatings market in the forecast period.
According to TechSci Research report, “Saudi Arabia Paints & Coatings Market By Resin Type (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Other Resin Types) By Technology (Water-borne, Solvent-borne, Radiation Cure, Powder Coating, and Others) By Product Type (Decorative Paints & Coatings and Industrial Paints & Coatings) By End-user Industry (Architectural, Automotive, Protective Coatings Market, General Industrial, Transportation, and Others), By Region, Company Forecast & Opportunities, 2026”, The Saudi Arabia Paints & Coatings market is expected to witness steady growth in the forecast period. Rapid industrialization and infrastructural developments are fueling the demand of the paints & coatings market. The booming automotive industry is contributing to the growth of the paints & coatings market as they require the paints & coatings for suitable automotive finishing.
The COVID-19 outbreak across the world which has been declared as a pandemic by World Health Organization has affected several countries adversely. Coronavirus-affected patients started suffering from shortness of breath along with coughing and sneezing. Leading authorities of Saudi Arabia imposed lockdown restrictions and released a set of precautionary measures to contain the spread of novel coronavirus. The ongoing construction activities and the upcoming projects were temporarily suspended due to restrictions. Disruption in the supply chain was observed which negatively affected the supply of raw materials. Workers migrated back to their native places which created the shortage of workforce at the manufacturing units thereby adversely affecting the growth of the paints & coatings market in the forecast period.
However, volatility of the price of the raw materials may hamper the Paints & Coatings market growth in the forecast period.
Browse XX Figures spread through XX Pages and an in-depth TOC on "Saudi Arabia Paints & Coatings Market”.
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Saudi Arabia Paints & Coatings market is segmented into resin type, technology, product type, end-user industry, regional distribution, and company. Based on the resin type, the market can be divided into acrylic, alkyd, polyurethane, epoxy, polyester, and other resin types. The acrylic resins type segment is expected to witness significant growth in the forecast period, 2022-2026. The high demand for acrylic coatings in the construction industry for the smooth finish of roofs, decks, floors, bridges is accelerating the demand of this segment. Acrylic resins display properties like high colorability, UV resistance in coatings, transparency, amongst others which are the contributing to surge in the demand of the paints & coatings market. Based on the end-user industry, the market can be divided into architectural, automotive, protective coatings market, general industrial, transportation, and others. The architectural end-user industry is expected to hold a major market share in the next five years. The growing economy of Saudi Arabia and its positive effects over the development process, increase in household income, corporate profits are influencing the growth of the paints & coatings market. Several construction projects such as Neom City, Red Sea Project- Phase 1 is accelerating the demand for paints & coatings to be used in the interior and exterior of the buildings and houses. Based on the product type, the market can be divided into decorative paints & coatings and industrial paints & coatings. The decorative paints & coatings segment is expected to dominate the market owing to the huge number of construction projects and the plethora of benefits offered such as the need for lower maintenance, resistance to stains, amongst others.
Al-Jazeera Factory for Paints Co., Jotun Saudia Co. Ltd., AkzoNobel Saudi Arabia Ltd, Sigma Paints Saudi Arabia Ltd. (Sigma), National Paints Factories Co. Ltd, Saudi Arabia BASF, Kansai Paint Middle East FZCO, Protech Powder Coatings, Inc., Sherwin Williams Saudi Arabia Ltd, Zamil Industrial Coating Company are the leading players operating in Saudi Arabia Paints & Coatings market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several Paints & Coatings manufacturers are coming up with their technologically advanced offerings.
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“The oil industry is the major industry in Saudi Arabia and the growing oil and gas sector is fueling the demand for industrial paints & coatings as it involves applications like drilling, sub-sea equipment, wellhead, amongst others. The equipment used in the oil & gas industry requires the protection of paints & coatings for having longer component life and heat & abrasion resistance. The continuous growth and expansion of the oil industry and the high-end investments made by the market players to introduce advanced products is expected to propel the paints & coatings market growth till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a global research-based management consulting firm.
“Saudi Arabia Paints & Coatings Market By Resin Type (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Other Resin Types) By Technology (Water-borne, Solvent-borne, Radiation Cure, Powder Coating, and Others) By Product Type (Decorative Paints & Coatings and Industrial Paints & Coatings) By End-user Industry (Architectural, Automotive, Protective Coatings Market, General Industrial, Transportation, and Others), By Region, Company Forecast & Opportunities, 2026” has evaluated the future growth potential of Saudi Arabia Paints & Coatings market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of Saudi Arabia Paints & Coatings market.
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Growing prevalence of diseases is driving the growth of Saudi Arabia diagnostic imaging market during the forecast period.
Additionally, increasing penetration of multi-specialty hospitals and diagnostic centers in Saudi Arabia is further expected to drive the market growth over the next few years. Besides, advancements in digital technologies, adoption of non-invasive procedures, among others are expected to create lucrative opportunities for the market growth during the forecast period. Increase in the number of precise diagnostic procedures including esoteric tests, newborn screening tests, genetic tests among others are expected to increase in the forthcoming years.
People are now adopting the use of latest diagnostic imaging procedures for detection of diseases including cancer at a very early stage with the help of X-ray imaging, ultrasound, MRI, nuclear imaging among others, which will have a positive impact on the overall growth of the market. Besides, there are several risks associated with the use of X-ray imaging, which uses ionizing radiation to generate images of the body. Ionizing radiation is a form of radiation that has enough energy to potentially cause damage to DNA. Risks from exposure to ionizing X-ray radiations also includes development of cancer in later life, which will restrain the growth of the overall diagnostic imaging market in future.
Browse over xx market data Figures spread through 70 Pages and an in-depth TOC on "Saudi Arabia Diagnostic Imaging Market"
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The Saudi Arabia diagnostic imaging market can be segmented by type, mobility, source, application, end user, region, and company. Based on type, the market can be categorized into x-ray imaging solutions, ultrasound systems, MRI systems, CT scanners, nuclear imaging solutions, mammography, and others. The X-Ray imaging solutions is expected to dominate the market through 2026 on account of the growing incidences of injuries & accidents, rising geriatric population, among others. Additionally, the growing demand for portable X-Ray systems is further expected to fuel the market growth over the next few years. The CT Scanners market is expected to grow at a formidable rate during the forecast period on account of the widespread use of CT scanners in scanning various heart problems.
Additionally, growing adoption of CT scanners in various neurological disorders especially in case of those patients on which MRI cannot be used is expected to create lucrative opportunities for the market growth during the forecast period. Besides, CT scanners offer high quality and detailed images of the body with low radiation exposure to the patients. This in turn fuels the market growth. Also, increasing healthcare expenditure by the government is Saudi Arabia is further expected to drive the market growth over the next few years.
The major companies operating in Saudi Arabia diagnostic imaging market includes GE Healthcare, Siemens Ltd., Saudi Arabia, Philips Healthcare Saudi Arabia Ltd, Hitachi Medical Systems Saudi Arabia, Shimadzu Middle East & Africa FZE, Fujifilm-Middle East, Medtronic Saudi Arabia Co., Johnson & Johnson Medical Saudi Arabia Limited, Abbott Saudi Arabia Trading LLC, Becton, Dickinson, and Company Saudi Arabia, Baxter Company Limited, Canon Medical Middle East, among others.
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“Saudi Arabia diagnostic imaging market is expected to witness significant growth during the forecast period on account of the rising focus of healthcare companies to expand to the Middle East region, especially in Saudi Arabia. Additionally, growing prevalence of diseases and rise in patient population is expected to fuel the market growth through 2026,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Saudi Arabia Diagnostic Imaging Market By Type (X-Ray Imaging Solutions, Ultrasound Systems, MRI Systems, CT Scanners, Nuclear Imaging Solutions, Mammography, Others), By Mobility (Portable v/s Standalone), By Source (Domestic v/s Import), By Application (Cardiology, Oncology, Neurology, Orthopaedics, Gastroenterology, Gynaecology, Others), By End User (Hospitals & Clinics, Diagnostic Centers, Ambulatory Care Centers, Others), By Region, Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of Saudi Arabia diagnostic imaging market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia diagnostic imaging market.
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According to #TechSci Research report, India Fabric Wash and Care Market was valued at USD3926.28 million in FY2021 and is expected to reach USD5309.18 million by FY2027, growing at a CAGR of over 5.49%.
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According to TechSci Research report, “Vietnam Telecom Market” is expected to grow at a steady CAGR in the forecast period, 2022-2026. The growing demand for smart grid, telemedicine, industrial automation, and connected cars due to advanced technologies is expected to create huge potential for the Vietnam Telecom market growth. The growing population and the high adoption of mobile phone services are fueling the development of the Telecom market. The rise in the initiatives taken by the government to boost the digital economy and bring the fourth industrial revolution in the country is expected to propel the Telecom market. The upcoming plans for developing smart cities, start-ups, and the National Innovation Network Program using advanced technologies such as the internet of things are expected to contribute to the Vietnam Telecom market growth. Development of smart cities in Vietnam such as Dragon Smart City in the central coastal city of Da Nang, BRG Smart City in Hanoi, Ecopark Smart City in the northern province of Hung Yen boasting of increased convenience, safety, and availability of integrated services to residents is expected to fuel the economy of the country. The government is encouraging foreign investments to upgrade the 5G network and provide equipment and infrastructure for the value-added services. Foreign exporters are also encouraged to partner with established network operators to offer 3G,4G, and 5G internet services. Market players are indulging in the development of wireless technology and alternative broadband technologies. Leading authorities aim to provide an e-governance platform to its residents to efficiently serve citizens' and enterprises' needs. The growing awareness among the consumers of the benefits of using digital technology and the increase in transparency in government work is contributing to the surge in the growth of the Telecom market in the country.
However, dependence on foreign investment and technology and lack of presence of skilled workforce may restrain the growth of the Vietnam Telecom market for the forecast period.
Browse XX Figures spread through 70 Pages and an in-depth TOC on "Vietnam Telecom Market”.
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Vietnam Telecom market is segmented into type, service type, equipment, deployment, application, regional distribution, and company. Based on type, the market is divided into wireless Telecommunication carriers, wired Telecommunication carriers, communication hardware, satellite, and Telecommunication resellers. The wireless Telecommunication carriers segment is expected to witness growth in the forecast period, 2022-2026. The growing trend of adoption of wireless communication technologies such as Wi-Fi, 4G, and 5G networks is driving the growth of the segment as they are more affordable and faster than their counterparts.
AT&T, EVNTelecom, Viettel Group, Vietnam Mobile Telecom Services, Vinaphone, Vietnam Posts and Telecommunications Group, GTel Mobile JSC, FPT Corporation, NamVietNet Telecommunication Service Joint Stock Company, Saigon Post and Telecommunications Services Corporation, SaoBacDau Technologies, NetNam, VMG Media JSC, VTC Telecommunications JSC, METUB Network are the leading players operating in Vietnam Telecom market. Service providers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several Telecom service providers are coming up with their technologically advanced offerings.
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“The change in customer preference to view Over-The-Top (OTT) channels which they choose according to the price and number of viewing options provided by the service providers. Most popular viewed OTT platforms such as Netflix, Amazon Prime, FPT Play, On TV, and others allow subscribers to watch their favorite shows according to their convenience. The growing expenditure capacity of the customers and the influence of social media platforms along with super-fast internet protocol networks, open-source platforms, and other innovations is expected to propel the Vietnam Telecom market growth till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
We cover following topics in this Report
· Telecom Market
· Vietnam Telecom Market Size
· Vietnam Telecom Market Share
· Vietnam Telecom Market Growth
· Vietnam Telecom Market Forecast
· Wireless Telecommunication Carriers
· Wired Telecommunication Carriers
· Communication Hardware
· Satellite and Telecommunication Resellers
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