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

The Middle-East and Africa Floor Coatings Market is projected to experience growth driven by increased construction activities, particularly in residential and commercial sectors in Saudi Arabia and the UAE. Despite challenges posed by strict VOC regulations, the market is expected to expand, with polyaspartic coatings in industrial construction presenting new opportunities. Saudi Arabia is anticipated to lead the market growth, supported by government initiatives in infrastructure and various sectors for economic development.

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Market Size of Middle-East and Africa Floor Coatings Industry

Middle East and Africa Floor Coatings Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 1.15 Billion
Market Size (2029) USD 1.37 Billion
CAGR (2024 - 2029) 3.59 %
Market Concentration Low

Major Players

Middle East and Africa Floor Coatings Market Major Players

*Disclaimer: Major Players sorted in no particular order

MEA Floor Coatings Market Analysis

The Middle-East and Africa Floor Coatings Market size is estimated at USD 1.15 billion in 2024, and is expected to reach USD 1.37 billion by 2029, growing at a CAGR of 3.59% during the forecast period (2024-2029).

In 2020, COVID-19 impacted the construction industry across the Middle East region. However, the upsurge in construction activities post-pandemic has propelled the consumption of floor coatings.

  • In the short term, the residential and commercial construction activities in Saudi Arabia and UAE will likely drive the market.
  • On the flip side, strict regulations on VOCs released from floor coatings may restrain industry growth.
  • The rising application of polyaspartic coatings in industrial construction will likely offer new avenues to the floor coatings market.
  • Saudi Arabia dominates the market and is expected to witness the highest CAGR during the forecast period. The Saudi government is focusing on developing infrastructure, education, industrial, and healthcare sectors for economic expansion.

MEA Floor Coatings Industry Segmentation

Floor coatings are durable, protective layers applied to surfaces subjected to extreme wear or corrosion. Warehouses, chemical plants, and production floors are examples of typical applications. The market is segmented by product type, floor material, end-user industry, construction type, and geography. By product type, the market is segmented into epoxy, polyaspartics, acrylic, polyurethane, and other product types. The market is segmented by wood, concrete, and other floor materials. By end-user industry, the market is segmented into residential, commercial, and industrial. By construction type, the market is segmented into new construction repair & refurbishing/rehabilitation. The report also covers the market sizes and forecasts for the floor coatings market in two regional countries. For each segment, the market sizing and forecasts have been done on the basis of value (USD million).

Product Type
Epoxy
Polyaspartics
Acrylic
Polyurethane
Other Product Types
Floor Material
Wood
Concrete
Other Floor Materials
End-user Industry
Residential
Commercial
Industrial
Construction Type
New Construction
Repair & Refurbishing/Rehabilitation
Geography
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Middle-East and Africa Floor Coatings Market Size Summary

The Middle-East and Africa floor coatings market is poised for growth, driven by a resurgence in construction activities post-pandemic, particularly in Saudi Arabia and the UAE. The market is characterized by a diverse application range, with the industrial sector being a significant consumer, especially in industries such as chemical, automotive, and manufacturing. Epoxy floor coatings are particularly favored for their durability and safety features, making them ideal for industrial environments. The automotive industry's expansion, including new assembly plants and increased vehicle production, further fuels the demand for floor coatings. However, regulatory challenges concerning VOC emissions from floor coatings may pose constraints on market growth.

Saudi Arabia stands out as a dominant player in the region's floor coatings market, supported by its Vision 2030 initiative, which encompasses extensive infrastructure and real estate projects. The country's focus on enhancing residential and commercial construction activities drives the demand for high-performance flooring solutions like epoxy coatings. The market is fragmented, with key players such as Akzo Nobel NV, Jotun, PPG Industries Inc., Sika AG, and Asian Paints actively participating. Recent developments, such as the opening of new showrooms and the showcasing of sustainable building solutions, highlight the ongoing efforts to expand market reach and promote eco-friendly products. These factors collectively indicate a robust growth trajectory for the floor coatings market in the Middle-East and Africa over the forecast period.

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

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

      1. 1.1.1 Increasing Construction Activities in Saudi Arabia

      2. 1.1.2 Strong Demand for Floor Coatings in Industrial Sector

    2. 1.2 Market Restraints

      1. 1.2.1 Strict Regulations on VOCs Released for Floor Coatings

      2. 1.2.2 Other Market Restraints

    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 Size in Value)

    1. 2.1 Product Type

      1. 2.1.1 Epoxy

      2. 2.1.2 Polyaspartics

      3. 2.1.3 Acrylic

      4. 2.1.4 Polyurethane

      5. 2.1.5 Other Product Types

    2. 2.2 Floor Material

      1. 2.2.1 Wood

      2. 2.2.2 Concrete

      3. 2.2.3 Other Floor Materials

    3. 2.3 End-user Industry

      1. 2.3.1 Residential

      2. 2.3.2 Commercial

      3. 2.3.3 Industrial

    4. 2.4 Construction Type

      1. 2.4.1 New Construction

      2. 2.4.2 Repair & Refurbishing/Rehabilitation

    5. 2.5 Geography

      1. 2.5.1 Saudi Arabia

      2. 2.5.2 South Africa

      3. 2.5.3 Rest of Middle-East and Africa

Middle-East and Africa Floor Coatings Market Size FAQs

The Middle-East and Africa Floor Coatings Market size is expected to reach USD 1.15 billion in 2024 and grow at a CAGR of 3.59% to reach USD 1.37 billion by 2029.

In 2024, the Middle-East and Africa Floor Coatings Market size is expected to reach USD 1.15 billion.

Middle-East and Africa Floor Coatings Report Snapshots

Middle-East and Africa Floor Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)