The pigments in UAE has shown promising growth over the past few years and is expected to grow further in the coming years. Pigments are coloring agents that are used to add color to products like paints, coatings, plastic, rubber, etc.
Growth of Construction Driving Demand
The construction in UAE has witnessed strong growth on the back of ambitious infrastructure projects and rising investments in real estate sector. Various new mega projects related to real estate, tourism, transportation are consistently driving the demand for paints and coatings, which in turn is increasing the consumption of pigments. The ongoing construction of Expo 2020 sites, Al Maktoum International Airport, expansion of Dubai metro etc. require huge quantities of paints and coatings and thus boosting pigments.
Inorganic Pigments Dominate the UAE Pigment
Inorganic pigments such as iron oxide red, chrome yellow, carbon black constitute a major share of the total pigments consumed in UAE. They are widely used in manufacturing of paints, coatings, plastic and other applications due to properties like weather fastness, opacity, tinting strength. With growing infrastructure and construction activities, the demand for various inorganic pigments is rising steadily.
Opportunities in Paints and Coatings Sector
Paints and coatings is one of the biggest end-user of pigments in UAE. Strong growth prospects of infrastructure, real estate, automobile sectors indicate rising requirement of paints and coatings in coming years. This offers opportunities for pigments manufacturers and suppliers to cater to the demands of rapidly expanding paints and coatings in UAE. The demand for high performance pigments is also increasing due to their enhanced properties.
UAE Pigment Regulations Supporting Local Production
The UAE government has implemented policies encouraging local manufacturing and import substitution. New regulations on customs duties and import restrictions on some pigment grades are promoting local production of pigments. This is attracting investments from international pigment companies looking to establish production facilities in UAE. The locally manufactured pigments will get an edge over imports in terms of delivery time and consistent supply.
Outlook
Overall, the UAE pigment is projected to grow at a moderate pace in sync with the growth momentum of key end-user like construction, paints and coatings. However, rising environmental concerns and implementation of strict quality standards can affect pigments to some extent. But successful local production of pigments and partnerships with global pigment leaders will help the maintain its positive growth path in the long run.
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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 )
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
