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Middle East and Africa Paints and Coatings Market 2018- Segmented by Application, Technology, Product Type, and Geography-Growth, Trends and Forecasts to 2023

The Middle East & Africa Paints and Coatings Market has been estimated at USD 8,806.6 million in 2017. The market is expected to register a CAGR of 4.68% during the forecast period, 2018 to 2023. One of the major factors driving the growth of the market is the growing demand from construction, automotive, marine, and oil & gas industry.

 

INCREASING INVESTMENTS IN THE REGION

The construction industry in Saudi Arabia contributes around 8% to the country’s GDP and is the largest construction market in the Middle East. The country has generated large-scale projects worth USD 800 billion to boost its infrastructure in the coming years. The government also has expansive plans for the development of social infrastructure, transportation, and energy & utility construction in the country. Also, The South African construction industry has a positive outlook, despite the decline in the market. The rise in demand for housing and growth in new residents in urban areas have increased; the government’s national infrastructural plan is supporting this growth with new projects in the coming future.

 

Automotive is another industry that is growing in the region, owing to rise in sale and production levels, which are expected to increase in the coming years, offering scope for the growth of the paints & coatings market, over the forecast period.

 

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Rest of Middle East & Africa Dominates the Market

Rest of Middle East & Africa has the highest share in the market, accounting for nearly 61% of the market share in 2017. Rest of Middle East & Africa includes countries, such as Kuwait, Qatar, Egypt, Jordan, Nigeria, Iran, Oman, Bahrain, Morocco, and Algeria, among others. The Nigerian paints & coatings market is growing rapidly, with the increasing government spending on construction and infrastructure. In addition, the FDI inflow into the sector and private investment has increased, which is expected to augment the country’s paints & coatings market. In Jordan, upcoming infrastructure and few other residential constructions, along with growth in the automotive sector, is expected to augment the growth of the Jordan paints & coatings market. In addition, automotive is another major industry that is expected to grow in countries, such as Morocco and Algeria, owing to the presence of many multinational OEM manufacturers who are keen to invest and start their production plants in these countries. Therefore, the rest of Middle East & Africa paints & coatings market holds growth potential for the forecast period.

 

Key Developments in the Market

  • May 2017: Sherwin-Williams receives regulatory approval to complete its acquisition of Valspar

 

Companies Mentioned:

  • PPG,
  • AKZONOBEL,
  • SHERWIN WILLIAMS VALSPAR,
  • RPM International,
  • NIPPON PAINT,
  • AXALTA,
  • BASF
  • KANSAI

 

Other Players include

 

HENKEL AG & CO. KGAA, RPM INTERNATIONAL INC., SIKA AG, 3M, ASIAN PAINTS LTD., H.B. FULLER, JOTUN PAINTS, MASCO, HEMPEL, CHUGOKU MARINE PAINTS LIMITED, TIKKURILA OYJ, BECKERS GROUP, BERGER PAINTS INDIA LTD., GUANGDONG CARPOLY CHEMICAL GROUP CO., LTD., DAW SE, Materis Paints (Cromology), SHAWCOR, SK KAKEN CO., LTD., DULUX GROUP LIMITED, KCC CORP, DAI NIPPON TORYO COMPANY, LIMITED, Benjamin Moore & Co. Inc., FUJIKURA KASAI, SHANGHAI COATINGS CO., LTD, NATIONAL PAINTS, and PINTUCO.

 

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Reasons to Purchase this Report

  • Market definition, along with the identification of factors instrumental in changing the market scenario and prospective opportunities
  • Various market perspectives, with the help of Porter’s five forces analysis
  • Regions or countries that are expected to witness the fastest growth during the forecast period
  • Product segment, which is going to dominate the market over the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players
  • 3 months analyst support along with the Market Estimation sheet in excel.

 

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Table of Content:         

  1. Introduction

1.1 Scope of the Report

1.2 Research Methodology

 

  1. Executive Summary

 

  1. Market Insights

3.1 Raw Material Analysis

3.2 Industry Value-Chain Analysis

3.3 Industry Attractiveness – Porter’s Five Forces Analysis

3.3.1 Bargaining Power of Suppliers

3.3.2 Bargaining Power of Consumers

3.3.3 Threat of New Entrants

3.3.4 Threat of Substitute Products and Services

3.3.5 Degree of Competition

 

  1. Market Dynamics

4.1 Drivers

4.1.1 Accelerating Demand for Eco-Friendly Coatings

4.2 Restraints

4.2.1 Stringent Environmental Regulations and Standards

4.3 Opportunity

4.3.1 Burgeoning Demand Expected from Increasing Usage in Electronics

 

  1. Market Segmentation and Analysis

5.1 By Application

5.1.1 Architectural and Decorative Applications

5.1.2 Non-Architectural

5.1.2.1 Automotive

5.1.2.2 Wood

5.1.2.3 General Industrial

5.1.2.4 Marine

5.1.2.5 Protective

5.1.2.6 Others

5.2 By Technology

5.2.1 Powder Coatings

5.2.2 Water-Borne Coatings

5.2.3 Solvent-Borne Coatings

5.2.4 Others

5.3 By Product Type

5.3.1 Acrylic

5.3.2 Alkyd

5.3.3 Polyurethane

5.3.4 Epoxy

5.3.5 Polyesters

5.3.6 Others

 

  1. Regional Market Analysis

6.1 Saudi Arabia

6.2 South Africa

6.3 UAE

6.4 Rest of Middle East & Africa

 

  1. Future of the Market

 

  1. Competitive Landscape

8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

8.2 Market Share Analysis*

8.3 Strategies Adopted by Leading Players

 

  1. Company Profiles (Overview, Financials*, Products & Services, Recent Developments, and Analyst View)

9.1 AKZONOBEL

9.2 PPG INDUSTRIES, INC

9.3 HENKEL AG & CO. KGAA

9.4 THE SHERWIN-WILLIAMS COMPANY

9.5 AXALTA COATING SYSTEMS LTD, LLC

9.6 RPM INTERNATIONAL INC.

9.7 THE VALSPAR CORPORATION

9.8 BASF SE

9.9 KANSAI PAINTS CO. LTD.

9.10 SIKA AG

9.11 3M

9.12 NIPPON PAINT CO. LTD. (NIPSEA GROUP)

9.13 ASIAN PAINTS LTD.

9.14 H.B. FULLER

9.15 JOTUN PAINTS

9.16 MASCO

9.17 HEMPEL

9.18 CHUGOKU MARINE PAINTS LIMITED

9.19 TIKKURILA OYJ

9.20 BECKERS GROUP

9.21 BERGER PAINTS INDIA LTD.

9.22 GUANGDONG CARPOLY CHEMICAL GROUP CO., LTD.

9.23 DAW SE

9.24 Materis Paints (Cromology)

9.25 SHAWCOR

9.26 SK KAKEN CO., LTD., Continued…

 

  1. Disclaimer

 

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