GCC is expected to one of the fastest growing region in Global Paints & Coatings Market.
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November, 2016: Kansai Paints announced its plan to acquire Saudi Industrial Paint Co. With the acquisition, Kansai paints is looking to expand its presence in the emerging Saudi Arabian Coatings market.
The Middle East & Africa Paints & Coating Market has been estimated to value at USD XX billion in terms of revenue and XX kilotons in terms of volume in 2017 and is projected to reach USD XX billion and XX kilotons by 2022, at a CAGR of X.X% by revenue and X.X% by volume during the forecast period from 2017 to 2022.
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The paints & coatings industry in MEA is an emerging market owing to large-scale construction projects that are currently underway. Most Middle Eastern countries have invested a considerable amount in their construction industries over the last decade.
This is a result of the plan to diversify their economies from oil and oil-related business activities to other industry sectors; tourism has become the major focus. However, due to budget constraints caused by continued low crude oil prices, countries in MEA had cut down their expenditure on infrastructure in 2016, reducing the sales of paints & coatings in the region.
In this report, the MEA market has been categorized into industrial and architectural coatings. The architectural coatings segment occupies a major share of the MEA market, in terms of volume; this segments accounted for nearly XX% of the regional sales in 2016, and it is expected to register a considerable growth rate during the forecast period.
Sales in the industrial coatings segment have been recording slower growth rates, owing to reduced industrial activities caused by reduced crude oil exploration and production activities. The water-borne coatings segment is expected to record the highest growth rate during the forecast period, owing to the increasing use of water-borne adhesives in architectural coatings.
The solvent-borne coatings segment still dominates the industrial coatings segment, as they more efficient than the rest.
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In regional markets, Saudi Arabia accounted for the largest share in 2016. Egypt and Jordon are expected to record the fastest growth rates during the forecast period, owing to the increased spending in construction activities and growing industrial activities in the countries.
Below sample figure signifies the share of each resin type in MEA paints & Coatings market, in 2016:
Opportunities & Major Players
The rise in demand for eco-friendly coatings and the future luxury real estate projects in Qatar will be major opportunities for the market. Some of the major companies dominating this market are:
- AkzoNobel Coatings
- Al-Jazeera Factory for Paints.
- National Paints Factory Co.
Key Deliverables in the Study
- Market analysis for the Middle East & Africa Paints & Coating market, with region specific assessments and competition analysis on regional scales
- Market definition along with the identification of factors instrumental in changing the market scenarios and prospective opportunities
- Extensively researched competitive landscape section with profiles of major companies along with their market shares
- Identification and analysis of the macro and micro factors that affect the Middle East & Africa Paints & Coating market on and regional scales
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
- Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
Table of Content:
1.2 Research Methodology
1.3 Scope of the Report
- Executive Summary
- 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 Regulatory Policies Analysis
3.4 Raw Material Analysis
- Market Dynamics
4.1.1 Increased Focus on Tourism in the Middle-Eastern Region
4.1.2 Growing Automotive Industry in Africa
4.2.1 Shrinkage of Construction market in Saudi Arabia
4.2.2 Decreased Oil Exploration & Production Activities in the Region
4.3.1 Rising Demand for Eco-Friendly Products
4.3.2 Plans for New Luxury Real Estate Projects in Qatar
- Market Segmentation and Analysis
5.1 By Technology
5.2 By Resin Type
5.3 By Application
5.3.1 Architectural and Decorative Applications
188.8.131.52 General Industrial
- Regional Market Analysis
6.1 Saudi Arabia
6.8 South Africa
6.9 Rest of Middle-East and Africa
- Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
7.2 Market Share Analysis
7.3 Strategies Adopted by Leading Players
- Future Market Outlook
- Company Profiles (Overview, Financials**, Products & Services, Recent Developments and Analyst View)
9.2 Al Jazeera Paints Hempel
9.5 Berger Paints Emirates Ltd. (Asian Paints Ltd.)
9.7 Fira Color
9.10 Oasis Ameron Paints Ltd.
9.11 RPM International Inc.
9.12 Sigma Paints (PPG Group)
9.13 Sherwin Williams
9.14 Terraco UAE Ltd.
9.15 Thermalite Middle East
9.16 National Paints Factories Co.
9.17 Wacker Middle East and Africa
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