Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report ongoing by
Infinium Global Research on MENA performance coating market provides in-depth
analysis of segments and sub-segments in the MENA as well as regional performance
coating market. The study also highlights the impact of drivers, restraints,
and macro indicators on the MENA and regional performance coating market over
the short term as well as long term. The report is a comprehensive presentation
of trends, forecast and dollar values of the MENA performance coating market.
According to the report, the MENA performance coating market is projected to
grow at a significant CAGR over the forecast period of 2021-2027.
Performance coatings are varnishes
utilized to enhance the performance of surfaces and are resistant to high
temperatures, corrosion, and abrasion. A performance coating is an inexpensive
option for delivering cosmetically engaging, durable finishes to a product.
Paints and coatings are utilized in construction, automobile, transportation,
and also the wood industry. They play a vital role within the building and
housing industry, as they're utilized to guard structures from natural
elements. In 2021, the market developed due to a rise in infrastructural items
in various nations across the region. Performance coatings have a decent record
of adjusting to surfaces. Its end-use includes application on large and tiny
equipment, components, repair & refurbishment, and in the lightest and
heavy industrial segments. They're compatible with different materials like
wood, aluminum, steel, metal, masonry, drywall, concrete and galvanized metal
surfaces, etc.
Growth within the volume of
residential and commercial building construction activities, and growing demand
for architectural and ornamental coatings for consumer and professional uses
will propel the market growth within the MENA region. Paints and coatings are
extensively used for both interior and exterior applications within the
architectural sector still as in domestic houses and other construction
projects. They're useful on the house’s exterior to provide it a brand new look
and protect it from freezing winters, blistering summers, daily exposure to UV
radiation, and soaking rain. The demand within the Near East & Africa
corrosion protection coating market is increasing because of the high demand
for strength and sturdiness provided by epoxy-based coatings. Moreover,
increasing investments in manufacturing hubs that develop products for
export-oriented industries, like oil and oil products, food and beverages, and
assembled machinery, are projected to spice up demand within the global Near
East & Africa corrosion protection coating market. UAE and Saudi Arabia
cover nearly half the full demand for coating within the Middle East and
geographical region countries as construction activity in these countries is
rapidly increasing. It will be harmful to breathe the smell of performance
coatings they require ventilation all the time. this is often expected to
restrain the expansion of the performance coatings market within the Middle
East and North African region during the forecast period.
In terms of region, the MENA
performance coating market is segmented into Algeria, Jordan, Qatar, Bahrain,
Kuwait, Saudi Arabia, Egypt, Lebanon, Syria, Iran, Libya, Tunisia, Iraq,
Morocco, United Arab Emirates, Israel, Oman, Yemen, and others. Saudi Arabia
holds a major market share, due to the rising urbanization, and booming manufacturing
sector within the region. Moreover, the rising utilization of coating solutions
for defense in Bahrain thanks to its high durability will drive the expansion
of the MENA region. The United Arab Emirates is predicted to dominate the
market during the forecast period because it is the largest marketplace for
infrastructure coating. Increasing presence and investment in Research and
Development from major players in this sector will enhance the market growth
within the MENA region. The rising expedition of the United Arab Emirates is
building a number of the most important, tallest, and largest structures that
are additionally projected to propel growth in coating products within the
forecast period.
The report on MENA performance coating
market covers segments such as type, coating technology, and application. On
the basis of type, the sub-markets include polyurethane, silicone, polyester,
acrylic, and others. On the basis of coating technology, the sub-markets
include solvent-based coating, water-based coating, and powder-based coating.
On the basis of application, the sub-markets include aerospace & defence,
construction, automotive & transportation, industrial, and others.
The report provides profiles of
the companies in the market such as AkzoNobel N.V., Jotun A/S, Jazeera Paints,
Berger Paints Emirates Ltd, Beckers Group, Axalta Coating Systems, Ltd., BASF
SE, Nippon Paint Holdings Co., Ltd., PPG Industries, Inc., and National Paints
Factory.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the MENA performance coating market. Moreover, the study highlights
current market trends and provides forecast from 2021-2027. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.
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