Middle-East & Africa Paints & Coatings Market - Segmented by End-user Industry, Technology, Resin Type and Geography - Growth, Trends and Forecast (2018 - 2023)

  • ID: 4515108
  • Report
  • Region: Africa
  • 144 pages
  • Mordor Intelligence
until Dec 31st 2018
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  • Akzo Nobel N.V.
  • Caparol
  • Jotun A/S
  • Ritver Paints & Coatings
  • Terraco UAE Ltd.
  • MORE
The Middle East & Africa paints & coatings market is estimated to register a growth rate of 3.52% during the forecast period (2018 - 2023). Saudi Arabia is estimated to lead the market due to the ongoing growth in the industrial and architectural sectors in the country. Water-based coatings are expected to be the fastest-growing type, by technology.

Booming Commercial Construction Activities

The Middle East construction market is growing gradually despite the economic gloom. Leaving aside the downturn of the real estate sector in Dubai, the overwhelming impetus behind infrastructure and large-scale residential projects across the Middle East indicate that activity is far from over. Furthermore, with crude prices nearing the OPEC target of USD 70 a barrel, the GCC nations are expected to increase their spending on the sector. Saudi Arabia and Qatar are leading the regional boom and both of 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. Middle East Economic Digest (MEED) estimates that around USD 200 billion will be spent on megaprojects in Qatar, in the run up to the 2022 FIFA World Cup. Additionally, a contract of USD 8 billion has been approved, which involves the completion of the first two metro stations by 2019. State-owned Qatari Diar is leading the development of USD 45 billion Lusail City, which is the largest project situated in the coastal suburb to the north of the capital, Doha. The project is expected to accommodate 200,000 people. Oman Tourism Development Company (OMRAN) has launched identity details for the first phase of its Mina Al Sultan Qaboos Waterfront Project. Phase 1 of the development, which will involve investment of USD 390 million and is scheduled to complete by 2020. These factors are expected to increase the construction output, which, in turn, is likely to increase the usage of paints and coatings.

Water-borne Technology - The Fastest Growing Type by Technology

The VOCs released from solvent-borne coatings is the core reason for the manufacturers switching to water-borne coatings. Also, other properties like low odor, more durability, and more block resistance make water-borne coatings more preferable. There are many regulations from several governments, which support water-based coatings. These are usually used in several applications, which include transportation, building and construction, and industrial applications. In recent times, there has been a propensity to seek coatings with high usability, and water clean-up characteristics among the users. Water-borne coatings meet the requirements facilitate low viscosity as well, without the addition of low-molecular weight monomers.

Saudi Arabia to Lead the Market in the Middle East & African Region

Saudi Arabia, an oil-rich country, has an emerging economy that had slowed down in 2017, over 2016, due to low crude oil prices and the country’s regulatory policy. Saudi Arabia’s major initiatives concerning infrastructural development included White Land Tax Initiative and Transport Infrastructure Development plan in Riyadh. Under this, the government is focusing on the construction of 175 km of six-lane road and 85 stations; this is anticipated to complete by the end of 2018. Saudi Arabia is focusing on establishing itself as the automotive hub in the GCC region. Though the country is a large importer of vehicles and auto parts, it is now trying to attract original equipment manufacturers (OEMs) to open their production plants in the country, to develop the domestic auto industry. Furthermore, the country is experiencing steady growth in new car sales, with the market expecting to reach one million units by 2020, growing at a rate of 6.7% per annum. According to the General Authority for Statistics, the automotive sector is expected to witness a growth rate of around 4%-5% every year during the next decade. All these factors are expected to rapidly drive the market for paints & coatings in Saudi Arabia during the forecast period.

Notable Developments in the Market

June 2017: The Sherwin-Williams Company completed the acquisition of The Valspar Corporation and created a global leader in paints & coatings industry

February 2017: Kansai Plascon Africa, a subsidiary of Kansai Paint, had entered into an 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 this 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.
  • Caparol
  • Jotun A/S
  • Ritver Paints & Coatings
  • Terraco UAE Ltd.
  • MORE
1. Introduction
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report

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 Raw Material Analysis

4. Market Dynamics
4.1 Drivers
4.1.1 Increased Focus on Tourism & Construction in the Middle-East Region
4.1.2 Booming Commercial Construction Activities
4.2 Restraints
4.2.1 Rise in Prices of Raw Materials
4.2.2 Shrinkage of Construction Materials in Qatar
4.3 Opportunities
4.3.1 Increase in the Demand for Bio-based & Eco-friendly Paints & Coatings
4.3.2 Plans for New Luxury Real Estate Projects in Qatar

5. Market Segmentation and Analysis (Market Size, Share, and Forecast)
5.1 By End-user Industry
5.1.1 Architectural
5.1.2 Automotive
5.1.3 Wood
5.1.4 Protective Coating
5.1.5 General Industrial
5.1.6 Transportation
5.1.7 Packaging
5.2 By Technology
5.2.1 Water-borne
5.2.2 Solvent-borne
5.2.3 Powder
5.2.4 Radiation Cure
5.3 By Resin Type
5.3.1 Acrylic
5.3.2 Alkyd
5.3.3 Polyurethane
5.3.4 Epoxy
5.3.5 Polyesters
5.3.6 Others

6. Regional Market Analysis (Market Size, Share, and Forecast)
6.1 South Africa
6.2 Saudi Arabia
6.3 Qatar
6.4 Kuwait
6.5 UAE
6.6 Iran
6.7 Iraq
6.8 Rest of Middle East & Africa

7. Competitive Landscape
7.1 Mergers & 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, Recent Developments, and Analyst View)
8.1 AkzoNobel NV
8.2 Al Jazeera Paints
8.4 Beckers Group
8.5 Berger Paints Emirates Ltd (Asian Paints Ltd)
8.6 Caparol
8.7 Jotun A/S
8.8 RPM International Inc.
8.9 PPG Industries Inc.
8.10 Terraco UAE Ltd
8.11 Thermalite Middle East
8.12 Wacker Chemicals Middle-East FZE (Wacker Chemie AG)
8.13 National Paints Factories Co. Ltd
8.14 Hempel Group
8.15 Premier Paints Company Limited (The Sherwin-Williams Company)
8.16 Ritver Paints & Coatings
*List Not Exhaustive

9. Disclaimer
**Subject to availability on public domain
Note: Product cover images may vary from those shown
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4 of 5
  • Akzo Nobel N.V.
  • Al Jazeera Paints
  • Beckers Group
  • Berger Paints Emirates Ltd. (Asian Paints Ltd.)
  • Caparol
  • Jotun A/S
  • RPM International Inc
  • PPG Industries Inc.
  • Terraco UAE Ltd.
  • Thermalite Middle East
  • Wacker Chemicals Middle-East FZE (Wacker Chemie AG)
  • National Paints Factories Co. Ltd.
  • Hempel Group
  • Premier Paints Company Limited (The Sherwin-Williams Company)
  • Ritver Paints & Coatings
Note: Product cover images may vary from those shown
5 of 5
Note: Product cover images may vary from those shown