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Middle East and Africa Decorative Paints Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Water Based and Solvent Based) and Application (Residential and Non-Residential)

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    Report

  • 91 Pages
  • July 2021
  • Region: Africa, Middle East
  • The Insight Partners
  • ID: 5416155
UP TO OFF until Dec 31st 2024
Residential to be the fastest growing segment in the Middle East & Africa Decorative Paints Market during 2020-2028.

According to a new market research study on “Middle East & Africa Decorative Paints Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Deployment and Application,” is expected to reach US$ 8,021.11 million by 2028 from US$ 5,704.76 million in 2020. The market is estimated to grow at a CAGR of 4.4% from 2020 to 2028. The report provides trends prevailing in the Middle East & Africa decorative paints market along with the drivers and restraints pertaining to the market growth. Technological evolution along with new product development, up-surging focus over sustainability, and raising demand of water based paints are the major factor driving the growth of the decorative paints market. However, hap-hazardous effects of lead in paints along with higher cost of raw material hinder the growth of decorative paints market.

South Africa has the largest COVID-19 cases in the Middle East and Africa region, and is followed by UAE and Saudi Arabia among others. UAE was the first country in Middle East and Africa to report a confirmed case of coronavirus. The ongoing pandemic has drastically altered the status of the chemical industry and have negatively impacted the growth of the decorative paints market. The COVID-19 outbreak has distorted operational efficiency and disrupted the value chains due to the sudden closure of national and international boundaries, creating revenue loss and damage. In addition, decorative paints are majorly utilized in construction applications thus halt in such activities due to COVID-19 has greatly affected the market growth. The disruptive value chain had a negative impact on raw material supply, which, in turn, is impacting the growth of the decorative paints market. However, as the economies are planning to revive their operations, the demand for decorative paints is expected to rise globally. Although the focus over just in time production is another concerning factor hindering market growth. With the growing focus over developing economy in post-pandemic times, the demand for decorative paints is expected to take huge leaps due to expanding application bases. Further, positive measures undertaken by government along with distributed generations and incorporation of advanced technology is, yet another factor expected to bolster market growth.

Middle East & Africa decorative paints market is segmented based on type and application. The Middle East & Africa decorative paints market based on type is segmented into water based and solvent based. Water based segment accounted for the highest share in the market in 2019 and is expected to be fastest growing during forecast period. Based on application, is segmented into residential and non-residential. Residential segment accounted for the highest share in 2019 and non-residential segment is expected to be the fastest growing during forecast period.

Nippon Paint; Akzo Nobel N.V.; BASF SE; Dow Inc.; Axalta Coating Systems; Asian Paints; PPG Industries Inc.; RPM International Inc.; and Kansai are among some of the leading companies in the Middle East & Africa decorative paints market. The market players focus on new product innovations and developments in order to achieve sustainable growth and to distinguish themselves among competitors present in the highly competitive decorative paints market.

The report segments the Middle East & Africa Decorative Paints Market as follows:


Middle East & Africa Decorative Paints Market - By Type

  • Water based
  • Solvent based

Middle East & Africa Decorative Paints Market - By Application

  • Residential
  • Non-Residential

Middle East & Africa Decorative Paints Market - By Country

  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

Reasons to buy:

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Middle East & Africa decorative paints market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in Middle East & Africa decorative paints market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the decorative paints market as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Decorative Paints Market, by Type
1.3.2 Decorative Paints Market, by Application
1.3.3 Middle East & Africa Decorative Paints Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis formulation
3.2.4 Macro-economic factor analysis
3.2.5 Developing base number
3.2.6 Data Triangulation
3.2.7 Country level data
4. Middle East and Africa Decorative Paints - Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Expert Opinion
5. Middle East and Africa Decorative Paints Market - Key Market Dynamics
5.1 Drivers
5.1.1 Progress in the Construction Industry
5.1.2 Raising Demand of Water based Paints
5.2 Market Restraints
5.2.1 Hap-hazardous Effects of Lead in Paints along with Higher cost of Raw Material
5.3 Market Opportunities
5.3.1 Up-surging focus over sustainability
5.4 Future Trends
5.4.1 Technological Evolution along with New Product Development
5.5 Impact Analysis of Drivers and Restraints
6. Middle East and Africa Decorative Paints - Market Analysis
6.1 Decorative Paints Market Overview
6.2 MEA: Decorative Paints Market - Revenue and Forecast to 2028 (US$ Million)
7. Middle East & Africa Decorative Paints Market Analysis - By Type
7.1 Overview
7.1.1 Middle East & Africa: Decorative Paints Market, by Type
7.2 Water Based Decorative Paints
7.2.1 Overview
7.2.2 Water Based Decorative Paints: Decorative Paints Market - Revenue, and Forecast to 2028 (US$ Million)
7.3 Solvent Based Decorative Paints
7.3.1 Overview
7.3.2 Solvent Based Decorative Paints: Decorative Paints Market - Revenue, and Forecast to 2028 (US$ Million)
8. Middle East & Africa Decorative Paints Market Analysis - By Application
8.1 Overview
8.1.1 Middle East & Africa: Decorative Paints Market, by Application
8.2 Residential
8.2.1 Overview
8.2.2 Residential: Decorative Paints Market - Revenue, and Forecast to 2028 (US$ Million)
8.3 Non-Residential
8.3.1 Overview
8.3.2 Non-Residential: Decorative Paints Market - Revenue, and Forecast to 2028 (US$ Million)
9. Middle East and Africa Decorative Paints Market Analysis - Country Analysis
9.1 Overview
9.1.1 Middle East and Africa: Decorative Paints Market, by Key Country
9.1.1.1 South Africa: Decorative Paints Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 South Africa: Decorative Paints Market, by Type
9.1.1.1.2 South Africa: Decorative Paints Market, by Application
9.1.1.2 Saudi Arabia: Decorative Paints Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Saudi Arabia: Decorative Paints Market, by Type
9.1.1.2.2 Saudi Arabia: Decorative Paints Market, by Application
9.1.1.3 UAE: Decorative Paints Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 UAE: Decorative Paints Market, by Type
9.1.1.3.2 UAE: Decorative Paints Market, by Application
9.1.1.4 Rest of MEA: Decorative Paints Market -Revenue and Forecast to 2028 (US$ Mn)
9.1.1.4.1 Rest of MEA: Decorative Paints Market, by Type
9.1.1.4.2 Rest of MEA: Decorative Paints Market, by Application
10. Impact of COVID-19 Pandemic on Middle East & Africa Decorative Paints Market
10.1 Impact of COVID-19 on Decorative Paints Market
11. Company Profiles
11.1 Akzo Nobel N.V.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.2 BASF SE
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.3 Dow Inc.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.4 PPG Industries, Inc.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.5 RPM International, Inc.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.6 Axalta Coatings Systems
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Nippon Paint
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Asian Paints
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Kansai
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About
12.2 Glossary of Terms
List of Tables
Table 1. South Africa Decorative Paints Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 2. South Africa Decorative Paints Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 3. Saudi Arabia Decorative Paints Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 4. Saudi Arabia Decorative Paints Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 5. UAE Decorative Paints Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 6. UAE Decorative Paints Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 7. Rest of MEA Decorative Paints Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of MEA Decorative Paints Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 9. Glossary of Terms, Middle East and Africa Decorative Paints Market
List of Figures
Figure 1. Middle East & Africa Decorative Paints Market Segmentation
Figure 2. Middle East & Africa Decorative Paints Market Segmentation - By Country
Figure 3. Middle East & Africa Decorative Paints Market Overview
Figure 4. Residential Segment Held Largest Share of Middle East & Africa Decorative Paints Market
Figure 5. Rest of MEA Region Held Largest Share of Middle East & Africa Decorative Paints Market
Figure 6. Middle East & Africa Decorative Paints Market, Industry Landscape
Figure 7. MEA: PEST Analysis
Figure 8. Expert Opinion
Figure 9. Decorative Paints Market Impact Analysis of Drivers and Restraints
Figure 10. MEA: Decorative Paints Market - Revenue and Forecast to 2028 (US$ Million)
Figure 11. Middle East & Africa: Decorative Paints Market Revenue Share, by Type (2019 and 2028)
Figure 12. Water Based Decorative Paints: Decorative Paints Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 13. Solvent Based Decorative Paints: Decorative Paints Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 14. Middle East & Africa: Decorative Paints Market Revenue Share, by Application (2019 and 2028)
Figure 15. Residential: Decorative Paints Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 16. Non-Residential: Decorative Paints Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 17. Geographic Overview of Middle East and Africa Decorative Paints Market
Figure 18. Middle East and Africa: Decorative Paints Market Revenue Share, by Key Country (2019 and 2028)
Figure 19. South Africa: Decorative Paints Market - Revenue and Forecast to 2028 (US$ Million)
Figure 20. Saudi Arabia: Decorative Paints Market - Revenue and Forecast to 2028 (US$ Million)
Figure 21. UAE: Decorative Paints Market - Revenue and Forecast to 2028 (US$ Million)
Figure 22. Rest of MEA: Decorative Paints Market - Revenue and Forecast to 2028 (US$ Million)
Figure 23. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets

Companies Mentioned

  • Akzo Nobel N.V.
  • BASF SE
  • Dow Inc.
  • PPG Industries, Inc.
  • RPM International, Inc.
  • Axalta Coatings Systems
  • Kansai
  • Nippon Paint
  • Asian Paints

Table Information