Middle-East And Africa Wood Coatings Market Size (2024 - 2029)

The Middle-East and Africa wood coatings market is projected to experience growth over the forecast period, driven by the expanding construction and furniture industries in the region. Despite the initial negative impact of the COVID-19 pandemic, which led to a decline in demand due to industry slowdowns, the market is expected to recover as these sectors rebound. The market's expansion is anticipated to be supported by increasing demand for UV-cured and water-borne coatings, although concerns over volatile material emissions may pose challenges. Saudi Arabia is expected to lead the market in this region.

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Market Size of Middle-East And Africa Wood Coatings Industry

Middle-East and Africa Wood Coatings Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 3.48 Billion
Market Size (2029) USD 4.13 Billion
CAGR (2024 - 2029) 3.00 %
Market Concentration Medium

Major Players

Middle-East And Africa Wood Coatings Market Major Players

*Disclaimer: Major Players sorted in no particular order

Middle-East And Africa Wood Coatings Market Analysis

The Middle-East And Africa Wood Coatings Market size is estimated at USD 3.48 billion in 2024, and is expected to reach USD 4.13 billion by 2029, growing at a CAGR of greater than 3% during the forecast period (2024-2029).

The COVID-19 pandemic negatively affected the wood coatings market in the Middle East and Africa (MEA). Due to restrictions associated with the pandemic, there was a slowdown in the construction and furniture industries, leading to a decrease in demand for wood coatings. However, as situations improve, the industries are expected to grow and reach pre-pandemic levels, witnessing a sharp increase in the future.

  • Over the long term, factors such as the growing construction industry in the Middle Eastern region and growing furniture production are expected to drive market demand.
  • However, factors such as rising concerns regarding volatile material emissions are expected to restrain the growth of the market.
  • Increasing demand for UV-cured coatings and a shift toward water-borne coatings are expected to offer growth opportunities for the market.
  • In the region, Saudi Arabia is expected to dominate the market during the forecast period.

Middle-East And Africa Wood Coatings Industry Segmentation

Wood coatings are mainly used in furniture and fixtures. These coatings help in protecting the furniture and cabinets from termites and fungal infections.

The wood coatings market in the Middle East and Africa is segmented by resin type, technology, application, and geography. By resin type, the market is segmented into acrylic, nitrocellulose, polyester, polyurethane, and other resin types (alkyd, vinyl resins, epoxy, etc.). By technology, the market is segmented into water-borne, solvent-borne, and UV-cured and powder. By application, the market is segmented into furniture and fixtures, doors and windows, decks and cabinets, and other applications (including floors and molding products). The report also covers the sizes and forecasts for the market in nine countries. For each segment, the market sizing and forecasts were made on the basis of revenue (USD).

Resin Type
Acrylic
Nitrocellulose
Polyurethane
Polyester
Other Resin Types (Alkyd, Vinyl Resins, Epoxy, etc.)
Technology
Waterborne
Solvent-borne
UV-cured
Powder
Application
Furniture and Fixtures
Doors and Windows
Decks and Cabinets
Other Applications (including Floors and Molding Products)
Country
Saudi Arabia
Egypt
Morocco
Nigeria
Algeria
Kenya
Saudi Arabia
United Arab Emirates
Iran
Rest of Middle East and Africa
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Middle-East And Africa Wood Coatings Market Size Summary

The Middle-East and Africa wood coatings market is poised for growth, driven by the resurgence of the construction and furniture industries following the setbacks caused by the COVID-19 pandemic. The market is expected to expand steadily over the forecast period, supported by the increasing demand for wood-based products that require durable and aesthetically pleasing coatings. Wood coatings are essential for protecting furniture and fixtures from environmental factors such as moisture, mold, and pests, while also enhancing their visual appeal. The shift towards UV-cured and water-borne coatings presents new opportunities for market expansion. However, concerns regarding volatile organic compound emissions may pose challenges to market growth.

Saudi Arabia is anticipated to lead the market in the region, fueled by significant investments in infrastructure and commercial construction projects. The country's economic strategy, aimed at reducing oil dependency and increasing home ownership, is expected to drive demand for wood-based furniture and fixtures. The furniture industry in the United Arab Emirates and Egypt also contributes significantly to the market, with a growing number of manufacturers and increasing demand for home and office furniture. The rise of online retailing and the expansion of multinational corporations further bolster the market's growth prospects. Key players in the market include NATIONAL PAINTS FACTORIES CO. LTD, Ritver, Akzo Nobel NV, MAS Paints, and PPG Industries Inc., who are actively shaping the competitive landscape.

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Middle-East And Africa Wood Coatings Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Construction Activities in the Middle East and Africa

      2. 1.1.2 Growing Furniture Production

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Rising Concern Toward Volatile Material Emission

      2. 1.2.2 Other 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 Resin Type

      1. 2.1.1 Acrylic

      2. 2.1.2 Nitrocellulose

      3. 2.1.3 Polyurethane

      4. 2.1.4 Polyester

      5. 2.1.5 Other Resin Types (Alkyd, Vinyl Resins, Epoxy, etc.)

    2. 2.2 Technology

      1. 2.2.1 Waterborne

      2. 2.2.2 Solvent-borne

      3. 2.2.3 UV-cured

      4. 2.2.4 Powder

    3. 2.3 Application

      1. 2.3.1 Furniture and Fixtures

      2. 2.3.2 Doors and Windows

      3. 2.3.3 Decks and Cabinets

      4. 2.3.4 Other Applications (including Floors and Molding Products)

    4. 2.4 Country

      1. 2.4.1 Saudi Arabia

      2. 2.4.2 Egypt

      3. 2.4.3 Morocco

      4. 2.4.4 Nigeria

      5. 2.4.5 Algeria

      6. 2.4.6 Kenya

      7. 2.4.7 Saudi Arabia

      8. 2.4.8 United Arab Emirates

      9. 2.4.9 Iran

      10. 2.4.10 Rest of Middle East and Africa

Middle-East And Africa Wood Coatings Market Size FAQs

The Middle-East And Africa Wood Coatings Market size is expected to reach USD 3.48 billion in 2024 and grow at a CAGR of greater than 3% to reach USD 4.13 billion by 2029.

In 2024, the Middle-East And Africa Wood Coatings Market size is expected to reach USD 3.48 billion.

Middle-East And Africa Wood Coatings Market Report Snapshots

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