Middle East & Africa Automotive Refinish Coatings Market Size & Outlook
The automotive refinish coatings market in Middle East & Africa is expected to reach a projected revenue of US$ 980.6 million by 2030. A compound annual growth rate of 6.8% is expected of Middle East & Africa automotive refinish coatings market from 2024 to 2030.
Revenue, 2023 (US$M)
$620.5
Forecast, 2030 (US$M)
$980.6
CAGR, 2024 - 2030
6.8%
Report Coverage
Middle East & Africa
Middle East & Africa automotive refinish coatings market, 2018-2030 (US$M)
MEA automotive refinish coatings market highlights
- The MEA automotive refinish coatings market generated a revenue of USD 620.5 million in 2023.
- The market is expected to grow at a CAGR of 6.8% from 2024 to 2030.
- In terms of segment, acrylic was the largest revenue generating resin in 2023.
- Acrylic is the most lucrative resin segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 620.5 million |
| Market revenue in 2030 | USD 980.6 million |
| Growth rate | 6.8% (CAGR from 2023 to 2030) |
| Largest segment | Acrylic |
| Fastest growing segment | Acrylic |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Acrylic |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.1% of the global automotive refinish coatings market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 8,728.7 million by 2030.
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Automotive Refinish Coatings Market Scope
Automotive refinish coatings market segmentation & scope
Technology
Solvent-borne
Water-borne
Others
Product
Primer
Basecoat
Topcoat
Fillers
Others
Vehicle Age
<5
5 to 10
>10
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Belgium
Russia
China
Japan
India
South Korea
Argentina
Brazil
Saudi Arabia
South Africa
Automotive Refinish Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa automotive refinish coatings market
Related regional statistics
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