Middle-East & Africa Epoxy Powder Coatings Market - Segmented by End-user Industry, Coating Type, and Geography - Growth, Trends and Forecast (2018 - 2023)

  • ID: 4514863
  • Report
  • Region: Africa
  • 104 pages
  • Mordor Intelligence
1 of 5


  • Akzo Nobel N.V
  • Axalta Coating Systems
  • Beckers Group
  • Evonik
  • Jotun
  • Nippon paint
  • MORE
The Middle-East & Africa Epoxy Powder Coating market is expected to grow at a moderate rate during the forecast period, 2018 to 2023. Asia-Pacific region is estimated to lead the market owing to its rapid growth in the construction and automotive industry. Oil & gas sector is expected to be the fastest growing type by end-user industry.

Rising Demand from the Building & Construction Industry

The Middle Eastern countries are known for their high-rise buildings and architecture. The regional market has increased constructional activities for hotel buildings and infrastructural activities for tourism. Saudi Arabia and Qatar are leading the regional boom and both their construction sectors have grown at an average rate of over 10% in the past five years. Public sector spending in both the countries is driven by government initiated plans to develop infrastructure and expansion of cities. Saudi Arabia has generated large-scale projects worth USD 800 billion to boost its infrastructure in the coming years. The government has expansive plans for the development of social infrastructure, transportation, and energy & utility construction in the country. The Dubai Expo 2020, which is set to take place over the six-month period between October 2020 and April 2021, is estimated to attract more than 25 million tourists. Additionally, FIFA World-Cup in Qatar (2022) is anticipated to provide significant opportunities for development of new constructions, which, in turn, is likely to increase the demand for epoxy powder coatings. Dubai is also focusing on other mega projects, such as the Al Maktoum International Airport expansion, whose current budget is estimated to be about USD 32 billion, and is planned to accommodate more than 200 million passengers/year. The other projects include Dubai Holding/Emaar Properties and Dubai Creek Harbor, which is budgeted at USD 17.7 billion with a timeline of 30-year horizon.

Oil & Gas - The Fastest Growing Type by End-user Industry

Power generation facilities contain various equipment and buildings. Cooling towers, turbines, and scrubber vessels are subjected to harsh conditions, such as highly acidic surroundings, high operating temperatures, abrasive environments, and others. Epoxy powder coatings are extensively used in the energy sector as they are extremely resistant to abrasion, liquid penetration, heat, corrosion, and chemical attack. The demand for energy is on a constant rise, with the increase in population and technological advancements. Saudi Arabia is expected to increase power generation capacity from 77 GW in 2014 to 156 GW by 2040.

Saudi Arabia to Lead the Middle East & African Market

Growth of the construction sector in Saudi Arabia has been largely powered by the massive investments by the government and increased inflow of FDI. Some of the major construction projects are: Junail II, Makkah Grand Mosque Redevelopment, Jeddah and Riyadh Metro, King Abdullah Port Expansion, The Kingdom Tower (Jeddah), King Abdullah Economics City of Rabigh, etc. The growing oil & gas sector in Saudi Arabia is driving the epoxy powder coatings market, as the sector involves operations, like drilling, wellhead, and sub-sea equipment, and these equipment require coatings, especially for heat & abrasion resistance, and for long component life. The Kingdom of Saudi Arabia has the second-largest oil reserve in the world, accounting for almost 266 billion barrels. The Saudi Aramco company has announced its plans to boost oil production at its Marjan offshore oilfield, by 300,000 bpd, and in Abqaiq (which is the company’s largest oil processing facility). Also, the company has announced its plans to expand production from its Zuluf and Safaniya offshore oilfields. Over the next decade, the company aims to double its gas production to 23 billion standard cubic feet per day (scf/day). During its early phase, Fadhili gas plant is expected to process 2.5 billion scf/day from onshore. In addition, more offshore exploration is expected underway. The company has allocated USD 8 billion for the development of six offshore facilities. Also, in May 2017 the company had signed two agreements with major US companies, which would increase private investment in the oil & gas sector, driving the epoxy powder coatings market. All these factors would rapidly drive the market for epoxy powder coatings in Saudi Arabia during the forecast period.

Notable Developments in the Market

February 2017: Kansai Plascon Africa, a subsidiary of Kansai Paint, had entered into agreement to acquire 100% of the operations of Sadolin Paints in Kenya, Tanzania, Zanzibar and Burundi.

Major Players: AkzoNobel, National Paints Factory, Jotun A/S, Al Jazeera Paints Co. Hempel A/S, and PPG, amongst others.

Reasons to Purchase the Report

To understand the impact of end-user applications on the market

Analyzing various perspectives of the market with the help of Porter’s five forces analysis

To understand the dominating technology in the market

Countries expected to witness the fastest growth during the forecast period

Identify the latest developments, market shares, and strategies employed by the major market players

3-month analyst support, along with the Market Estimate sheet (in excel)

Customization of the Report

This report can be customized to meet your requirements.
Note: Product cover images may vary from those shown
2 of 5


  • Akzo Nobel N.V
  • Axalta Coating Systems
  • Beckers Group
  • Evonik
  • Jotun
  • Nippon paint
  • MORE
1. Introduction
1.1 Research Phases
1.2 Scope of the Market
1.3 Study Deliverables

2. Executive Summary

3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter's Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Price Analysis

4. Market Dynamics
4.1 Drivers
4.1.1 Rising Demand from the Building & Construction Industry
4.1.2 Growing Oil & Gas Sector
4.1.3 Soaring Demand for Eco-friendly Coatings
4.2 Restraints
4.2.1 Regulations on the Usage of BisPhenol A
4.2.2 Other Restraints
4.3 Opportunities
4.3.1 Upcoming Infrastructure Projects to Boost the Demand
4.3.2 Increasing Applications of Epoxy Powder Coatings

5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By End-user Industry
5.1.1 Aerospace
5.1.2 Automotive
5.1.3 Building & Construction
5.1.4 Energy
5.1.5 Marine
5.1.6 Oil & Gas
5.2 By Coating Type
5.2.1 Protective Coatings
5.2.2 Others

6. Regional Market Analysis
6.1 Middle East & Africa
6.1.1 South Africa
6.1.2 Saudi Arabia
6.1.3 Qatar
6.1.4 Kuwait
6.1.5 UAE
6.1.6 Iran
6.1.7 Iraq
6.1.8 Rest of Middle East & Africa

7. Competitive Landscape
7.1 Mergers and Acquisitions, Joint Ventures, Collaborations and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players

8. Company Profiles (Overview, Financials**, Products & Services and Recent Developments)
8.1 AkzoNobel N.V
8.2 Al Jazeera Paints
8.3 Axalta Coating Systems
8.5 Beckers Group
8.6 Berger Paints Emirates Ltd. (Asian Paints Ltd)
8.7 Carpoly
8.8 Evonik Industries
8.9 Hempel
8.10 Jotun
8.11 KCC Corporation
8.12 National Paints Factories Co. Ltd
8.14 PPG Industries Inc.
8.15 Premier Paints Company Limited (The Sherwin-Williams Company)
8.16 Rohm & Haas
8.17 Terraco UAE Ltd
8.18 Wacker Chemicals Middle-East FZE (Wacker Chemie AG)
*List Not Exhaustive

9. Disclaimer
**Subject to availability on public domain
Note: Product cover images may vary from those shown
3 of 5


4 of 5
  • Akzo Nobel N.V
  • Al Jazeera Paints
  • Axalta Coating Systems
  • Beckers Group
  • Berger Paints Emirates Ltd. (Asian Paints Ltd.)
  • Carpoly
  • Evonik
  • Hempel
  • Jotun
  • KCC Corporation
  • National Paints Factories Co. Ltd.
  • Nippon paint
  • PPG Industries Inc.
  • Premier Paints Company Limited (The Sherwin-Williams Company)
  • Rohm & Haas
  • Terraco UAE Ltd.
  • Wacker Chemicals Middle-East FZE (Wacker Chemie AG)
Note: Product cover images may vary from those shown
5 of 5
Note: Product cover images may vary from those shown