Middle East & Africa Corrosion Protective Coatings Market Size & Outlook
The corrosion protective coatings market in Middle East & Africa is expected to reach a projected revenue of US$ 1,229.2 million by 2030. A compound annual growth rate of 6.5% is expected of Middle East & Africa corrosion protective coatings market from 2024 to 2030.
Revenue, 2023 (US$M)
$792.5
Forecast, 2030 (US$M)
$1,229.2
CAGR, 2024 - 2030
6.5%
Report Coverage
Middle East & Africa
Middle East & Africa corrosion protective coatings market, 2018-2030 (US$M)
MEA corrosion protective coatings market highlights
- The MEA corrosion protective coatings market generated a revenue of USD 792.5 million in 2023.
- The market is expected to grow at a CAGR of 6.5% from 2024 to 2030.
- In terms of segment, solvent-borne was the largest revenue generating product in 2023.
- Solvent-borne is the most lucrative product segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 792.5 million |
| Market revenue in 2030 | USD 1,229.2 million |
| Growth rate | 6.5% (CAGR from 2023 to 2030) |
| Largest segment | Solvent-borne |
| Fastest growing segment | Solvent-borne |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solvent-borne |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.8% of the global corrosion protective 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 16,367.3 million by 2030.
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Corrosion Protective Coatings Market Scope
Corrosion protective coatings market segmentation & scope
Material
Alkyd
Acrylic
Epoxy
Polyurethane
Zinc
Others
Application
Marine
Oil & Gas
Construction
Industrial
Automotive
Others
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
China
India
Japan
South Korea
Brazil
Argentina
Saudi Arabia
UAE
Oman
Kuwait
Qatar
Corrosion Protective Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa corrosion protective coatings market
Related regional statistics
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