Middle-East and Africa Paints and Coatings Market Size (2024 - 2029)

The Middle East and Africa Paints and Coatings Market is poised for growth, driven by increased infrastructure demand and a focus on tourism and construction in the region. Despite challenges posed by a slowdown in the automotive sector, the market is expected to expand, supported by government initiatives to boost public spending on new projects. Architectural coatings lead the market, with growth anticipated due to rising construction activities. Opportunities are also present in the demand for eco-friendly products and new luxury real estate developments.

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Market Size of Middle-East and Africa Paints and Coatings Industry

MEA Paints and Coatings Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 3.00 %
Market Concentration Low

Major Players

MEA Paints and Coatings Market Major Players

*Disclaimer: Major Players sorted in no particular order

MEA Paints and Coatings Market Analysis

The Middle East and Africa Paints and Coatings Market is estimated to register a CAGR of over 3% over the forecast period.

The market was impacted due to the COVID-19 pandemic in 2020. However, the market witnessed growth in 2021 owing to increasing infrastructure demand in various regions. Construction, automotive and transportation, and the wood sectors all employ paints and coatings. They have a significant application in the building and construction business, where they are used to protect structures from external harm. Furthermore, the market is expected to expand in the coming years as governments focus on boosting public spending to undertake new projects.

  • A major factor driving the market studied is the increased focus on tourism and construction in the Middle East.
  • On the flip side, the slowdown in the automotive sector is expected to hinder the market's growth.
  • Architectural coatings dominated the market, and the segment is expected to grow during the forecast period, owing to the increasing construction activities across the region.
  • Rising demand for eco-friendly products, growth prospects in Oman, and plans for new luxury real estate projects in Qatar are likely to act as an opportunity for the market studied.

MEA Paints and Coatings Industry Segmentation

Paints and coatings protect the interiors and exteriors of homes from scorching summers, cold winters, soaking rain, and UV radiation, among other things. The market is segmented by resin type, technology, end-user industry, and geography. By resin type, the market is segmented into acrylic, alkyd, polyurethane, epoxy, polyester, and other resin types. By technology, the market is segmented into water-borne, solvent-borne, radiation cure, and other technologies. By end-user industry, the market is segmented into architectural, automotive, wood, industrial, and other end-user industries. The report also covers the market size and forecast for the Middle-east and African paints and coatings market in 13 countries across the region. For each segment, the market sizing and forecasts have been done based on value (USD million).

Resin Type
Acrylic
Alkyd
Polyurethane
Epoxy
Polyester
Other Resin Types
Technology
Water-borne
Solvent-borne
Radiation Cure
Other Technologies
End-user Industry
Architectural
Automotive
Wood
Industrial
Other End-user Industries
Geography
Saudi Arabia
Qatar
Kuwait
United Arab Emirates
Iran
Iraq
Nigeria
South Africa
Turkey
Tanzania
Kenya
Algeria
Morocco
Egypt
Rest of Middle-East and Africa
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Middle-East and Africa Paints and Coatings Market Size Summary

The Middle East and Africa paints and coatings market is poised for steady growth, driven by increasing infrastructure demands and a focus on tourism and construction, particularly in the Middle East. The market, which experienced a setback due to the COVID-19 pandemic, rebounded in 2021 as sectors such as construction, automotive, transportation, and wood industries began to recover. Architectural coatings dominate the market, with significant applications in protecting and enhancing buildings. The region's construction boom, fueled by government initiatives and mega-projects like those in the UAE and Saudi Arabia, is a key factor propelling market expansion. However, challenges such as a slowdown in the automotive sector may impede growth. Opportunities are emerging from the rising demand for eco-friendly products and new luxury real estate projects in countries like Oman and Qatar.

In Africa, Egypt stands out with its rapidly developing construction sector, which significantly contributes to the country's GDP. The New Administrative Capital project exemplifies the country's ambitious infrastructure plans, attracting foreign investments and boosting the paints and coatings market. The automotive industry in Egypt, supported by global manufacturers, is also expected to drive demand for paints and coatings. The market is characterized by fragmentation, with key players such as Akzo Nobel NV, Jazeera Paints, Jotun, PPG Industries Inc., and National Paints Factories Co. Ltd. actively participating. Recent strategic moves, like Jazeera Paints' expansion in Iraq and PPG's acquisition of Arsonsisi's Powder Coatings Manufacturing Business, highlight the dynamic nature of the market and its potential for further growth in the coming years.

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Middle-East and Africa Paints and Coatings Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increased Focus on Tourism and Construction in the Middle-East

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Slowdown in Automotive Sector

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Sixr

    1. 2.1 Resin Type

      1. 2.1.1 Acrylic

      2. 2.1.2 Alkyd

      3. 2.1.3 Polyurethane

      4. 2.1.4 Epoxy

      5. 2.1.5 Polyester

      6. 2.1.6 Other Resin Types

    2. 2.2 Technology

      1. 2.2.1 Water-borne

      2. 2.2.2 Solvent-borne

      3. 2.2.3 Radiation Cure

      4. 2.2.4 Other Technologies

    3. 2.3 End-user Industry

      1. 2.3.1 Architectural

      2. 2.3.2 Automotive

      3. 2.3.3 Wood

      4. 2.3.4 Industrial

      5. 2.3.5 Other End-user Industries

    4. 2.4 Geography

      1. 2.4.1 Saudi Arabia

      2. 2.4.2 Qatar

      3. 2.4.3 Kuwait

      4. 2.4.4 United Arab Emirates

      5. 2.4.5 Iran

      6. 2.4.6 Iraq

      7. 2.4.7 Nigeria

      8. 2.4.8 South Africa

      9. 2.4.9 Turkey

      10. 2.4.10 Tanzania

      11. 2.4.11 Kenya

      12. 2.4.12 Algeria

      13. 2.4.13 Morocco

      14. 2.4.14 Egypt

      15. 2.4.15 Rest of Middle-East and Africa

Middle-East and Africa Paints and Coatings Market Size FAQs

The Middle-East and Africa Paints and Coatings Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)

Akzo Nobel N.V., Jotun, Jazeera Paints, PPG Industries, Inc. and National Paints Factories Co. Ltd are the major companies operating in the Middle-East and Africa Paints and Coatings Market.

MEA Paints and Coatings Market Report Snapshots

MEA Paints and Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)