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Paint, Wallpaper & Supplies - United Arab Emirates

United Arab Emirates
  • In 2024, the Paint, Wallpaper & Supplies market in the United Arab Emirates (UAE) is projected to generate a revenue of US$469.60m.
  • This market is anticipated to experience an annual growth rate of 2.33%, as measured by the compound annual growth rate (CAGR) from 2024 to 2029.
  • When comparing the UAE to other countries globally, it is important to note that United States leads in terms of revenue generation, with a staggering US$52bn in 2024.
  • To gain a perspective on the economic impact of this market segment, it is helpful to consider the per capita revenue.
  • In 2024, the per person revenue for Paint, Wallpaper & Supplies market in the UAE amounts to US$48.96.
  • This figure takes into account the total population of the country.
  • The demand for high-end, luxury paint brands in the United Arab Emirates is on the rise, as consumers increasingly prioritize quality and aesthetic appeal in their home decor.

Definition:

Paints, Wallpaper & Supplies covers a wide-ranged segment of the DIY & Hardware market. Under paint, this includes all types of paint for interior and exterior usage. Wallpaper refers only to wallpaper and does not include wall tiles or wall panels. Supplies include various products which are related to the paint and wallpaper market, focused mainly on cleaning and repairing walls. The segment does not include painting tools, which are included in the Tools & Machines segment instead.

Additional Information:

The market consists of revenue and average revenue per capita data. Per capita figures take into account the whole population. This market includes only B2C (business to consumer) sales. B2B (business to business) sales (e. g., hardware for coffee shops, offices, etc.) are excluded. For more information on the displayed data, click the info button on the right hand side of each box.

In-Scope

  • Paint
  • Wallpapers
  • Paint supplies
  • Wallpaper supplies

Out-Of-Scope

  • Wall tiles
  • Wall panels
  • Painting tools
Paint, Wallpaper & Supplies: market data & analysis - Cover

Market Insights report

Paint, Wallpaper & Supplies: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Notes: Data is shown using current exchange rates. The applied current exchange rates are displayed in the Key Market Indicators below.

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Key Players

    Most recent update: Mar 2024

    Source: Statista Company Insights

    Sales Channels

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Paint, Wallpaper & Supplies Market in the DIY & Hardware Store Market of UAE has seen a modest growth rate, influenced by factors like low consumer confidence, economic instability, and changing consumer preferences towards DIY projects.

    Customer preferences:
    Consumers in the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market in the United Arab Emirates are increasingly turning to eco-friendly and sustainable options. With growing awareness about environmental impact and health concerns, there has been a shift towards natural and VOC-free paint and wallpaper products. This trend is also fueled by the rise in home improvement projects and the DIY culture, where consumers are now prioritizing sustainable materials and products.

    Trends in the market:
    In the United Arab Emirates, the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is experiencing an increase in demand for eco-friendly and sustainable products. This trend is driven by the growing awareness of environmental issues and the government's push for green initiatives. As a result, industry stakeholders are focusing on introducing more environmentally friendly products and promoting them through marketing campaigns. This trend is expected to continue as consumers become more conscious about the impact of the products they use. Additionally, the rise in home renovations and refurbishments during the pandemic has also contributed to the growth of this market.

    Local special circumstances:
    In the United Arab Emirates, the DIY & Hardware Store market faces unique challenges and opportunities in the Paint, Wallpaper & Supplies Market. The country's desert climate and high levels of humidity require specific paint and wallpaper products that can withstand these conditions. Additionally, UAE's strict regulations on imports and use of materials may also impact the market, as local suppliers must adhere to these standards. Furthermore, the country's cultural diversity and preference for luxury and high-end products may drive demand for premium paint and wallpaper options in the DIY & Hardware Store market.

    Underlying macroeconomic factors:
    The Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market in the United Arab Emirates is influenced by various macroeconomic factors. The growth of the market is closely linked to the global economic trends, as fluctuations in the global economy can impact the demand for paint, wallpaper and other supplies. Additionally, the national economic health of the UAE, which boasts a growing construction sector and increasing demand for home renovations, plays a crucial role in shaping the market. Fiscal policies, such as tax cuts and government subsidies, also have a significant impact on market growth. Other relevant indicators such as consumer spending, inflation rates and currency exchange rates also influence market performance.

    Methodology

    Data coverage:

    Data encompasses B2C enterprises. Figures are segmented by product type and consist of the following: Paint, Wallpaper & Supplies, Tools & Machines, Hardware and Building Materials, Lawn & Garden, Heating & Cooling, Bathroom Hardware, and Floor Covering.

    Modeling approach / Market size:

    Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as product value, import value, and export value to determine domestic supply. This data helps us to estimate the market size for each country individually.

    Forecasts:

    In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are turnover indices, GDP per capita, and consumer spending per capita.

    Additional Notes:

    The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

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    Paint, Wallpaper & Supplies: market data & analysis - BackgroundPaint, Wallpaper & Supplies: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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    Paint and coatings industry worldwide - statistics & facts

    The global paint and coatings industry is a major subset of the international chemical industry. Coatings refer broadly to any type of covering that is applied to an object's surface for functional or decorative reasons, or both. Paints are a subset of coatings that are also used as a protective coating or as a decorative, colorful coating. In 2023, the global paint and coatings industry was estimated to be valued at some 179.98 billion U.S. dollars. It is forecast that by 2032 the sector’s market value will surpass 255.59 billion U.S. dollars. Market growth is mainly driven by increasing demand in the construction industry, with the automotive, general industrial, coil, wood, aerospace, railing, and packaging coatings markets also driving demand growth.
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