ALGERIA PAINTS AND COATINGS MARKET

Algeria paints and coatings market is estimated to grow at a rapid CAGR of 4.1% during forecast period between 2025-2032, due to the surge in construction activities and growing automotive sector in the country.

Major Market Drivers and Emerging Trends

The market is growing rapidly as Algeria focuses on expansive housing and infrastructure initiatives with new cities rising and transforming the urban environment. The government is making efforts to promote housing development and facilitate home purchases for less wealthy citizens. For housing construction, the government allocated USD 2.34 billion in 2023. Under a program initiated by President Abdelmadjid Tebboune, 842,823 houses have been completed since 2021 with plans to build one million units. The project encourages utilizing local materials in construction while offering guidance and support to young business owners. The initiative by the government to provide affordable housing is thereby leading to a surge in opportunities within the real estate sector and thus driving market growth.

Construction is also underway for the upcoming Boughezoul city project located 170 kilometers to the south of the capital Algiers which will eventually house about 400,000 people. This visionary urban development which spans residential and commercial zones was initiated in a strategically located area at the intersection of the East-West and North-South routes. Algeria has made it a priority to eliminate slums and neglected housing. New residential projects are subsequently being built in the Saharan areas to ensure regional balance. The government is also addressing congestion in major cities by offering affordable housing with interest-free loans in satellite districts. These large-scale development projects will significantly increase the need for paints and coatings in the construction sector.

Another factor that drives Algeria paints and coatings market size growth is the growing automotive sector. The automotive market in Algeria is among the fastest growing in the region due to factors like skilled labor force along with research and development initiatives. It is also driven by strategic geographic location and strong government backing. Automotive sales within the country are further expected to experience significant growth with a favorable economic forecast and increased purchasing power. The surge in the automotive market drives the need for durable paints and coatings to protect vehicle exteriors and maintain their aesthetic quality under tough conditions.

Based on resin type, acrylic resins observe significant growth. Acrylic resins are favored in automotive and architectural coatings driven by their remarkable durability along with ability to withstand various weather conditions. They are often used in inks and coatings owing to the remarkable transparency along with the product gloss they create. These attributes help in producing premium decorative coatings and paints with high quality.

Based on technology, waterborne coatings are gaining popularity in the market. Waterborne solutions utilize water as the medium for carrying the resin rather than relying on chemical solvents. The difference makes them safer and more eco-friendly as they emit less VOCs compared to traditional options. They also offer high performance and affordable products with a strong emphasis on lifecycle considerations.

Based on end-use industry, the market in Algeria can be segmented into architectural and industrial segments. The architectural segment is experiencing significant growth as it encompasses exterior and interior paints for structures. Given the expansive and ambitious construction projects in the country, Algeria is set to see a significant increase in the demand for architectural coatings. Meanwhile, industrial coatings are applied to various manufactured goods including cars and electrical equipment.

Top Market Players

Several leading players in the market include PPG Industries, Jotun, Akzo Nobel, Nippon Paint, among others.

Key Development

• • In 2022, Med Investment Holding Spa and Jotun Group established a partnership to produce Jotun paints and coatings within Algeria by forming a business alliance with Technover P. This move demonstrates Jotun’s dedication to the Algerian market as it aligns with its strategic vision and values while leveraging Med Investment’s deep industrial knowledge in the country.

Segments covered in the Report:

The Algeria Paints and Coatings Market has been segmented on the basis of resin type, technology, and end-use industry. Based on the resin type, the market is segmented into acrylic, alkyd, epoxy, polyester, polyurethane, and others. Based on the technology, the market is segmented into water-borne coatings, solvent-borne coatings, powder-based, and others. Based on the end-use industry, the market is segmented into architectural and industrial. The Architectural segment is further segmented into residential and non-residential. The Industrial segment is further segmented into general industrial, protective, automotive, wood, marine, packaging, and others.

Market Segmentation

Algeria Paints and Coatings Market by Resin Type

• • Acrylic
  • Alkyd
  • Epoxy
  • Polyester
  • Polyurethane
  • Others

Algeria Paints and Coatings Market by Technology

• • Water-borne Coatings
  • Solvent-borne Coatings
  • Powder-based
  • Others

Algeria Paints and Coatings Market by End-Use Industry

• • Architectural
    • Residential
    • Non-Residential
  • Industrial
    • General Industrial
    • Protective
    • Automotive
    • Wood
    • Marine
    • Packaging
    • Others

Algeria Paints and Coatings Market Leading players (Option 1: Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • PPG Industries
  • Jotun
  • Akzo Nobel
  • Nippon Paint