(MENAFN- The Express Wire) Middle East & Africa Paints and Coatings Market Size, Share Global Statistics and Growth, Competitors Strategy, Industry Trends, Segments, Regional Analysis, Review, Key Players Profile to 2024 Analysis
Posted on Nov 25 2020 6:56 AM
"Global Middle East & Africa Paints and Coatings Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of global counties along with current trend and opportunities prevailing in the region.
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Global Middle East & Africa Paints and Coatings Market research report covers complete data of the various segments in the Middle East & Africa Paints and Coatings market study. The assessment contains the descriptions of the market dynamics, environmental analysis, industry prospects, value chain, market volume, status, and technological upgrades.The report covers the market landscape and its growth prospects over the coming years. This Middle East & Africa Paints and Coatings Market report analyzes the comprehensive overview of the market comprising an executive summary that covers core trends evolving in the market.
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The region-wise analysis of Middle East & Africa Paints and Coatings market is done in the report that covers revenue, volume, size, value and such valuable data. The Middle East & Africa Paints and Coatings Market report provides objective, evenhanded evaluation, and assessment of opportunities in the Middle East & Africa Paints and Coatings market with a methodical market research report including numerous other market-associated fundamental factors.Our experienced industry analysts estimate the growth opportunities, cost, market sizing, technologies, applications, supply chains, companies, import & export, market share, and so on, with the exclusive endeavor of helping our customers to make well-informed business decisions.
Middle East & Africa Paints and Coatings Market Report Overview includes major players of the global Middle East & Africa Paints and Coatings Market covered in the research study, research scope, Market segments by type, Market segments by application, years considered for the research study, and objectives of the report.Global Middle East & Africa Paints and Coatings Market Growth Trends section focuses on industry trends where Market drivers and top Market trends are shed light upon. It also provides growth rates of key producers operating in the global Middle East & Africa Paints and Coatings Market. Furthermore, it offers production and capacity analysis where Marketing pricing trends, capacity, production, and production value of the global Middle East & Africa Paints and Coatings Market are discussed.
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The Middle East & Africa paints and coatings market has been estimated at USD 8,806.6 million in 2017. The market is expected to register a CAGR of 4.68% during the forecast period, 2018 to 2023. One of the major factors driving the growth of the market is the growing demand from construction, automotive, marine, and oil & gas industry.
INCREASING INVESTMENTS IN THE REGION
The construction industry in Saudi Arabia contributes around 8% to the country’s GDP and is the largest construction market in the Middle East. The country has generated large-scale projects worth USD 800 billion to boost its infrastructure in the coming years. The government also has expansive plans for the development of social infrastructure, transportation, and energy & utility construction in the country. Also, The South African construction industry has a positive outlook, despite the decline in the market. The rise in demand for housing and growth in new residents in urban areas have increased; the government’s national infrastructural plan is supporting this growth with new projects in the coming future.
Automotive is another industry that is growing in the region, owing to rise in sale and production levels, which are expected to increase in the coming years, offering scope for the growth of the paints & coatings market, over the forecast period.
Rest of Middle East & Africa Dominates the Market
Rest of Middle East & Africa has the highest share in the market, accounting for nearly 61% of the market share in 2017. Rest of Middle East & Africa includes countries, such as Kuwait, Qatar, Egypt, Jordan, Nigeria, Iran, Oman, Bahrain, Morocco, and Algeria, among others. The Nigerian paints & coatings market is growing rapidly, with the increasing government spending on construction and infrastructure. In addition, the FDI inflow into the sector and private investment has increased, which is expected to augment the country’s paints & coatings market. In Jordan, upcoming infrastructure and few other residential constructions, along with growth in the automotive sector, is expected to augment the growth of the Jordan paints & coatings market. In addition, automotive is another major industry that is expected to grow in countries, such as Morocco and Algeria, owing to the presence of many multinational OEM manufacturers who are keen to invest and start their production plants in these countries. Therefore, the rest of Middle East & Africa paints & coatings market holds growth potential for the forecast period.
Key Developments in the Market
May 2017: Sherwin-Williams receives regulatory approval to complete its acquisition of Valspar
Major Key Players are PPG, AKZONOBEL, SHERWIN WILLIAMS, RPM, NIPPON PAINT, VALSPAR, AXALTA, BASF AND KANSAI and Other Players include HENKEL AG & CO. KGAA, RPM INTERNATIONAL INC., SIKA AG, 3M, ASIAN PAINTS LTD., H.B. FULLER, JOTUN PAINTS, MASCO, HEMPEL, CHUGOKU MARINE PAINTS LIMITED, TIKKURILA OYJ, BECKERS GROUP, BERGER PAINTS INDIA LTD., GUANGDONG CARPOLY CHEMICAL GROUP CO., LTD., DAW SE, Materis Paints (Cromology), SHAWCOR, SK KAKEN CO., LTD., DULUX GROUP LIMITED, KCC CORP, DAI NIPPON TORYO COMPANY, LIMITED, Benjamin Moore & Co. Inc., FUJIKURA KASAI, SHANGHAI COATINGS CO., LTD, NATIONAL PAINTS, and PINTUCO.
Reasons to Purchase this Report
Market definition, along with the identification of factors instrumental in changing the market scenario and prospective opportunities
Various market perspectives, with the help of Porter’s five forces analysis
Regions or countries that are expected to witness the fastest growth during the forecast period
Product segment, which is going to dominate the market over the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
3 months analyst support along with the Market Estimation sheet in excel.
Customization of the Report
This report can be customized to meet your requirements.
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Covered in this report
The Report Covers the Present Scenario and the Growth Prospects of the Global Middle East & Africa Paints and Coatings Market for 2020-2024. To calculate the market size, the report considers new installations or sales and subscription payments of Middle East & Africa Paints and Coatings.
The market is divided into the following segments based on geography:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- Germany
Global Middle East & Africa Paints and Coatings Market 2020-2024, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Market Trend
- Growing research activities coupled with new product launches.
- For a full, detailed list, view our report
Market Driver
- High Opportunity in the Industry
- For a full, detailed list, view our report
Market Challenge
- Complications associated with Middle East & Africa Paints and Coatings procedures.
- For a full, detailed list, view our report
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Key questions answered in this report
- What will the market size be in 2024 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Some Major Points from Toc :-
1. Introduction
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness Porter's Five Forces Analysis
3.2.5 Degree of Competition
3.3 Price Analysis
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
5. Market Segmentation and Analysis (Market Size, Growth & Forecast)
5.1 By Product Type
5.2 By Application
5.3 By End-user Industry
6. Regional Market Analysis
6.1 Production Analysis
6.1.1 Australia
6.1.2 Bolivia
6.1.3 Brazil
6.1.4 Democratic Republic of Congo
6.1.5 Indonesia
6.1.6 Malaysia
6.1.7 Myanmar
6.1.8 Peru
6.1.9 Russia
6.1.10 Thailand
6.1.11 Vietnam
6.1.12 Others
6.2 Consumption Analysis (Market Size, Growth and Forecast)
6.2.1 Asia-Pacific
6.2.1.1 India
6.2.1.2 China
6.2.1.3 Japan
6.2.1.4 South Korea
6.2.1.5 Rest of Asia-Pacific
6.2.2 North America
6.2.2.1 United States
6.2.2.2 Canada
6.2.2.3 Mexico
6.2.2.4 Rest of North America
6.2.3 Europe
6.2.3.1 Germany
6.2.3.2 United Kingdom
6.2.3.3 France
6.2.3.4 Italy
6.2.3.5 Austria
6.2.3.6 Rest of Europe
6.2.4 South America
6.2.4.1 Brazil
6.2.4.2 Argentina
6.2.4.3 Rest of South America
6.2.5 Middle East & Africa
6.2.5.1 UAE
6.2.5.2 South Africa
6.2.5.3 Rest of Middle East & Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
10. Disclaimer
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