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Middle Eastern and North African Paint and Coating Market to 2027: Trends, Forecast and Competitive Analysis

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    Report

  • 129 Pages
  • June 2022
  • Region: Africa, Middle East
  • Lucintel
  • ID: 5691836

The future of the paint and coating market looks promising with opportunities in the architectural, automotive, wood, industrial, transportation, and packaging industries. The Middle Eastern and North African (MENA) paint and coating market is expected to reach an estimated $12.4 billion by 2027 with a CAGR of 6.9% from 2021 to 2027. The major drivers for this market are growth in automotive production, increasing building and construction activities, and rising demand for eco-friendly paint and coatings.

Emerging Trends in the Middle Eastern and North African (MENA) Paint and Coating Market

Emerging trends, which have a direct impact on the dynamics of the industry, include development of powder coating for non-metal substrates as well as powder coating with low temperature cure, development of UV cured powder coating and LED curing technology, and favorable government regulations for bio based solvents.

Middle Eastern and North African (MENA) Paint and Coating Market by Segment

The study includes trends and forecast for the global Middle Eastern and North African (MENA) paint and coating market by application, technology, and resin as follows:

Middle Eastern and North African (MENA) Paint and Coating Market by Application [Value ($ Million) and Volume (M lbs) for 2016-2027]:

  • Architectural
  • Automotive
  • Wood
  • Industrial
  • Transportation
  • Packaging
  • Others

Middle Eastern and North African (MENA) Paint and Coating Market by Technology [Value ($ Million) for 2016-2027]:

  • Water based
  • Solvent based
  • Powder
  • Others

Middle Eastern and North African (MENA) Paint and Coating Market by Resin [Value ($ Million) and Volume (M lbs) for 2016-2027]:

  • Acrylic
  • Alkyd
  • Polyester
  • Epoxy
  • Polyurethane
  • Others

List of Middle Eastern and North African (MENA) Paint and Coating Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies Middle Eastern and North African (MENA) paint and coating companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the Middle Eastern and North African (MENA) paint and coating companies profiled in this report includes.

  • Jazeera Paints
  • Jotun
  • PPG Industries
  • National Paints Factories Co. Ltd.
  • AkzoNobel
  • Kansai Paints
  • Asian Paints

Middle Eastern and North African (MENA) Paint and Coating Market Insight

  • The analyst forecasts that architectural will remain the largest end use segment over the forecast period due to increasing building and construction activities in the MENA region.
  • Water based paint and coating will remain the largest segment over the forecast period due to growing awareness about environment friendly coatings and it’s corrosion and chemical resistance properties.

Features of Middle Eastern and North African (MENA) Paint and Coating Market

  • Market Size Estimates: MENA paint and coating market size estimation in terms of value ($M) and volume (M lbs)
  • Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
  • Segmentation Analysis: Market size by application, technology, and resin
  • Regional Analysis: Middle Eastern and North African (MENA) market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different application, technology, and resin for the Middle Eastern and North African (MENA) paint and coating market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the Middle Eastern and North African (MENA) paint and coating market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQS

Q1. What is the Middle Eastern and North African (MENA) paint and coating market size?
Answer:The global Middle Eastern and North African (MENA) paint and coating market is expected to reach an estimated $12.4 billion by 2027.
Q2. What is the growth forecast for Middle Eastern and North African (MENA) paint and coating market?
Answer:The Middle Eastern and North African (MENA) paint and coating market is expected to grow at a CAGR of 6.9% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the Middle Eastern and North African (MENA) paint and coating market?
Answer: The major drivers for this market are growth in automotive production, increasing building and construction activities, and rising demand for eco-friendly paint and coatings.
Q4. What are the major applications or end use industries for MENA paint and coating?
Answer:Architectural and automotive are the major end use industries for MENA paint and coating.
Q5. What are the emerging trends in Middle Eastern and North African (MENA) paint and coating market?
Answer:Emerging trends, which have a direct impact on the dynamics of the industry, include development of powder coating for non-metal substrates as well as powder coating with low temperature cure, development of UV cured powder coating and LED curing technology, and favorable government regulations for bio based solvents.
Q6. Who are the key Middle Eastern and North African (MENA) paint and coating companies?
Answer: Some of the key Middle Eastern and North African (MENA) paint and coating companies are as follows:

  • Jazeera Paints
  • Jotun
  • National Paints Factories Co. Ltd.
  • AkzoNobel
  • Kansai Paints
  • Asian Paints

Q7. Which Middle Eastern and North African (MENA) paint and coating product segment will be the largest in future?
Answer: The analyst forecasts that water based paint and coating will remain the largest segment over the forecast period due to growing awareness about environment friendly coatings and it’s corrosion and chemical resistance properties.
Q8. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% customization without any additional cost.

This report answers the following 11 key questions

Q.1 What are some of the most promising potential, high growth opportunities for the Middle Eastern and North African (MENA) paint and coating market by application (architectural, automotive, wood, industrial, transportation, packaging, and others), technology (water based, solvent based, powder, and others), and resin (acrylic, alkyd, polyester, epoxy, polyurethane, and others)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.4 What are the business risks and threats to the market?
Q.5 What are the emerging trends in this market and the reasons behind them?
Q.6 What are the changing demands of customers in the market?
Q.7 What are the new developments in the market? Which companies are leading these developments?
Q.8 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.9 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.10 What M&A activities have taken place in the last 5 years in this market?



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Table of Contents

1. Executive Summary
2. Paint and Coating Market Background and Classifications
2.1: Introduction
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2016 to 2027
3.1: Macroeconomic Trends and Forecasts
3.2: Middle Eastern and North African Paint and Coating Market Trends and Forecast
3.3: Middle Eastern and North African Paint and Coating Market by Application
3.3.1: Architectural
3.3.2: Automotive
3.3.3: Wood
3.3.4: Industrial
3.3.5: Transportation
3.3.6: Packaging
3.3.7: Others
3.4: Middle Eastern and North African Paint and Coating Market by Technology
3.4.1: Water based
3.4.2: Solvent based
3.4.3: Powder
3.4.4: Others
3.5: Middle Eastern and North African Paint and Coating Market by Resin
3.5.1: Acrylic
3.5.2: Alkyd
3.5.3: Polyester
3.5.4: Epoxy
3.5.5: Polyurethane
3.5.6: Others
4. Competitor Analysis
4.1: Product Portfolio Analysis
4.2: Market Share Analysis
4.3: Operational Integration
4.4: Geographical Reach
4.5: Porter’s Five Forces Analysis
5. Growth Opportunities and Strategic Analysis
5.1: Growth Opportunity Analysis
5.1.1: Growth Opportunities for the Middle Eastern and North African Paint and Coating Market by Application
5.1.2: Growth Opportunities for the Middle Eastern and North African Paint and Coating Market by Technology
5.1.3: Growth Opportunities for the Middle Eastern and North African Paint and Coating Market by Resin
5.2: Emerging Trends in the Middle Eastern and North African Paint and Coating Market
5.3: Strategic Analysis
5.3.1: New Technological Development
5.3.2: Merger, Acquisition, and Joint Venture in the Middle Eastern and North African Paint and Coating Market
5.3.3: Capacity Expansion of the Middle Eastern and North African Paint and Coating Market
5.3.4: Certification and Licensing
6. Company Profiles of Leading Players
6.1: Jazeera Paints
6.2: Jotun
6.3: PPG Industries Inc.
6.4: National Paints Factories Co. Ltd.
6.5: AkzoNobel
6.6: Kansai Paint Co. Ltd.
6.7: Asian Paints

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Jazeera Paints
  • Jotun
  • PPG Industries Inc.
  • National Paints Factories Co. Ltd.
  • AkzoNobel
  • Kansai Paint Co. Ltd.
  • Asian Paints

Methodology

The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:

  • In-depth interviews of the major players in the market
  • Detailed secondary research from competitors’ financial statements and published data
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.

Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.

Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.

 

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