Middle East and Africa Paint Additives Market Research Report: Forecast (2021-2026)

Paint additives are induced in paints to improve their quality and performance. They are beneficial for the enhancement of product properties. They are generally used in small quantities but have a significant impact on the coating surface.
According to the The publisher ’ research report, “Middle East & Africa Paint Additives Market Analysis, 2021.” the market is likely to grow at a CAGR of around 6% during 2021-26. The market growth attributes to the surging demand for paint additives from various end-user sectors, including architectural and industrial verticals.
Further, in the past few years, it has been witnessed that the demand for paint additives is astronomically increasing in the automotive and construction industries owing to its favorable solvent properties. In addition to this, mounting expenditure on the infrastructure sector and rising sales of automobiles, especially in developing countries, are likely to fuel the demand for paint additives, thereby propelling the market growth.

Impact of COVID-19

The sudden outbreak of the COVID-19 pandemic has negatively impacted the Middle East & Africa Paint Additives Market due to a significant decline in the demand due to lockdown imposition. Further, the lockdown led to the temporary shutdown of manufacturing units and brought all the construction activities to a standstill position.
However, as the government has started relaxing the restrictions for resuming business activities, the market is likely to witness significant growth in the coming future.

Market Segmentation

Rheology Modifiers Accounted for the Largest Market Share
Based on the products, the market bifurcates into Rheology Modifiers, Biocides, Anti-Foamers, and Wetting & dispersing agents. Among these segments, Rheology Modifiers captured a significant share in the Middle East & Africa Paint Additives Market in the previous few years. Rheology Modifiers can help reduce the dripping & splattering of liquid products while applying.
Moreover, Rheology Modifiers are also beneficial for imparting optimal fluidity and functionality to the surface. In addition to this, it offers better finishing to the surface. Therefore, due to these aspects, the Rheology Modifiers segment has gained immense popularity and is likely to contribute to the overall growth of the market in the forecast period, cites The publisher in their research report, “Middle East & Africa Paint Additives Market Analysis, 2021.”
Building & Construction Sector Dominated the Market
Within the End-User segment, the Middle East & Africa Paint Additives Market classifies into Automobiles & Transportation, Industrial, Furniture & Woods, and Building & Construction. Of these segments, the Building & Construction sector acquired the largest market share in the past few years due to the surging demand for paint additives for commercial purposes, including office buildings, warehouses, shopping malls, and residential buildings. In addition to this, paint additives are beneficial for enhancing surface properties and stabilizing pigment, thereby increasing the strength and durability of the surface.
Further, the burgeoning demand for additives for decorative purposes in houses to offer enhanced aesthetics is another crucial factor likely to bolster the demand for paint additives in Building & Construction Sector at a significant rate in the forecast period.

Regional Landscape

Saudi Arabia Attained the Highest Market Share
Region-wise, Saudi Arabia held the largest share in the Middle East & Africa Paint Additives Market in the previous few years due to the massive expenditure toward making some of the tallest, largest, and enormous structures in Saudi Arabia. Further, due to astronomically growing construction activities, especially in the industrial and commercial sectors, the demand for paint additive will increase tremendously in the coming future.

Market Driver

Growing Demand for Additives for Industrial Use
The paint additives are being extensively used by industries for their use owing to their properties. Paint additives used as thickeners, curing catalysts, leveling agents, and others for many more industrial applications, are beneficial for protecting the surface from corrosion and other damage. Thus, its wide-range application results in increased demand for paint additives, thereby fueling the market growth.

Competitive Landscape

According to The publisher , the major leading players in the Middle East & Africa Paint Additives market are Akzo Nobel, Arkema S.A, Asahi Glass Co.Ltd., Ashland Inc., BASF S.E., BYK-Chamie GHBH, Cabot Corporation, Cytec Industries, Daikin Industries, and Dynaa A.S.

Key Questions Answered in the Market Research Report:

1. What are the overall market statistics or estimates (Market Overview, Market Size- by Value, Forecast Numbers, Market Segmentation, and Market Shares) of the Middle East & Africa Paint Additives Market?
2. What is the region-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Middle East & Africa Paint Additives Market?
4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Middle East & Africa Paint Additives Market based on a competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the Middle East & Africa Paint Additives Market study?
Market Outlook, Segmentation and Statistics
1) Impact of COVID-19 on Middle East & Africa Paint Additives Market
2) Market Size & Analysis
a) By Value
b) By Volume
3) Market Share & Analysis
a) By Formulation
i) Water
ii) Solvent
iii) Powder Based
iv) Others
b) By End-User
i) Automobiles & Transportation
ii) Industrial
iii) Furniture & Woods
iv) Building & Construction
v) Others
c) By Products
i) Rheology Modifiers
ii) Biocides
iii) Anti-Foamers
iv) Wetting & dispersing agents
v) Others
d) By Region
i) UAE
ii) Saudi Arabia
iii) Iraq
iv) South Africa
v) Nigeria
vi) Morocco
vii) Algeria
viii) Tunisia
ix) Kenya
x) Jordon
xi) Uganda
xii) Ivory Coast
xiii) Cameroon
xiv) Rest of MEA
e) By Competitors
i) Competition Characteristics
ii) Market Share & Analysis
iii) Competitive Matrix
4) Middle East & Africa Paint Additives Market Hotspots & Opportunities
5) Middle East & Africa Paint Additives Market Regulations & Policy
6) Key Strategic Imperatives for Success and Growth
7) Global Competition Outlook
a) Competition Matrix
b) Company Profile