The Middle East & Africa coil coating market is expected to register a CAGR of 4.18% during 2018 to 2023 (the forecast period). UAE is expected to account to around 30% of the total market share, with a planned program for heavy investment, which is expected to augment the growth of the coil coating market in the country.
Market is Driven by Increasing Demand for Transport Vehicles
Coil coatings find their application in manufacturing of typical components, such as sheet and panels for containers, caravan and interior, insulated boxes, trailer bodies, road and railway coaches. Trucks have the highest volume in the Middle Eastern automotive manufacturing industry. The increase in the overall production of automotive is expected to drive the growth of the coil coating market in the region.
Polyester Coil Coating to Continue its Growth during the Forecast Period
By material type, the demand for polyester type coil coating is likely to continue its growth, due to its superior physical and chemical properties, such as high resistance to chemicals and high durability for interior and exterior surface of buildings, and good formability. Polyester coil coatings are formulated for interior or exterior surface, and can be applied as one-coat application, or basecoat, or topcoat, where durability and protection from corrosion are needed.
UAE to Dominate in the Share of the Total Market in the Region
The construction sector in the country is likely to recover, and reach a decent growth rate in the first half of 2018. A large number of infrastructure projects were started in the country, which drive the coil coating market. One such example is, the ongoing current airport expansion project at the Dubai International Airport, which is expected to be completed in 2018.Thus, the construction industry in the UAE holds a huge market potential for the growth of coil coatings in the country.
Key Developments in the Market
Major Players: ALCOA, NOVELIS, RALCO STEEL, UNIVERSAL METAL COATING COMPANY, TATA STEEL amongst others.
Reasons to Purchase this Report
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Market is Driven by Increasing Demand for Transport Vehicles
Coil coatings find their application in manufacturing of typical components, such as sheet and panels for containers, caravan and interior, insulated boxes, trailer bodies, road and railway coaches. Trucks have the highest volume in the Middle Eastern automotive manufacturing industry. The increase in the overall production of automotive is expected to drive the growth of the coil coating market in the region.
Polyester Coil Coating to Continue its Growth during the Forecast Period
By material type, the demand for polyester type coil coating is likely to continue its growth, due to its superior physical and chemical properties, such as high resistance to chemicals and high durability for interior and exterior surface of buildings, and good formability. Polyester coil coatings are formulated for interior or exterior surface, and can be applied as one-coat application, or basecoat, or topcoat, where durability and protection from corrosion are needed.
UAE to Dominate in the Share of the Total Market in the Region
The construction sector in the country is likely to recover, and reach a decent growth rate in the first half of 2018. A large number of infrastructure projects were started in the country, which drive the coil coating market. One such example is, the ongoing current airport expansion project at the Dubai International Airport, which is expected to be completed in 2018.Thus, the construction industry in the UAE holds a huge market potential for the growth of coil coatings in the country.
Key Developments in the Market
- April 2017: Danieli Fata Hunter launched a double-coated continuous coil coating, with capacity of 250,000 metric ton coated steel per annum. This is a 600-fpm (183 mpm) line, with the processing of cold rolled, galvanized, pickled hot band, and Galvalume steel coils.
Major Players: ALCOA, NOVELIS, RALCO STEEL, UNIVERSAL METAL COATING COMPANY, TATA STEEL amongst others.
Reasons to Purchase this Report
- Current and future Middle East & Africa coil coating market outlook in the developed and emerging markets
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- The segment that is expected to dominate the market
- Regions that are expected to witness fastest growth during the forecast period
- Identify the latest developments, market shares and strategies employed by the major market players
- 3 months analyst support, along with the Market Estimate sheet (in excel).
Customization of the Report
This report can be customized to meet your requirements.
This product will be delivered within 2 business days.
Table of Contents
1. Introduction
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis (Market Size, Growth & Forecast)
6. Regional Market Analysis (Market Size, Growth & Forecast)
8. Competitive Landscape
9. Company Profiles (Overview, Financials** Products & Services, Recent Developments and Analyst View)
10. Disclaimer
Companies Mentioned
A selection of companies mentioned in this report includes:
- Alcoa
- Hydro Aluminium
- Ralco Steel
- ThyssenKrupp
- TataSteel
- Universal Metal Coating Company
- Akzo Nobel
- Axalta Coatings System
- BASF
- Beckers
- Kansai Paints
- PPG
- Nippon Paint
- Alumax Industrial
- Arkema
- Bayer
- Chemetall
- Evonik
- Henkel
- Solvay
Methodology
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