MENA Performance Coating Market (Type - Polyurethane, Silicone, Polyester, Acrylic, and Others; Coating Technology - Solvent-based Coating, Water-based Coating, and Powder-based Coating; Application - Aerospace & Defence, Construction, Automotive & Transportation, Industrial, and Others): MENA Industry Analysis, Trends, Size, Share and Forecasts to 2027

MENA Performance Coating Market (Type - Polyurethane, Silicone, Polyester, Acrylic, and Others; Coating Technology - Solvent-based Coating, Water-based Coating, and Powder-based Coating; Application - Aerospace & Defence, Construction, Automotive & Transportation, Industrial, and Others): MENA Industry Analysis, Trends, Size, Share and Forecasts to 2027

Report Code: MENA003 Region: MENA Published: April, 2022

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.

Market Insight

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.

MENA Performance Coating Market

Segment Covered

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.

Companies Profiled:

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.

Report Highlights:

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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