Middle East & Africa Industrial Coatings Market Size & Outlook
Middle East & Africa industrial coatings market, 2018-2030 (US$M)
MEA industrial coatings market highlights
- The MEA industrial coatings market generated a revenue of USD 3,183.7 million in 2023.
- The market is expected to grow at a CAGR of 2% from 2024 to 2030.
- In terms of segment, acrylic was the largest revenue generating product in 2023.
- Acrylic is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 3,183.7 million |
| Market revenue in 2030 | USD 3,657.8 million |
| Growth rate | 2% (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, Alkyd, Polyurethane, Epoxy, Polyesters, Other |
| Key market players worldwide | Akzo Nobel NV, Axalta Coating Systems Ltd, PPG Industries Inc, Sherwin-Williams Co, Nippon Paint Holdings Co Ltd, NKT A/S |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.5% of the global industrial coatings market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 35,046.1 million by 2030.
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Industrial Coatings Market Scope
Industrial Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa industrial coatings market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial coatings market will help companies and investors design strategic landscapes.
Acrylic was the largest segment with a revenue share of 35.78% in 2023. Horizon Databook has segmented the Middle East & Africa industrial coatings market based on acrylic, alkyd, polyurethane, epoxy, polyesters, other covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & Africa industrial coatings market is anticipated to witness steady growth over the forecast period. The region is the world leader in terms of oil production. The presence of major oilproducing countries such as Saudi Arabia, Kuwait, Oman, Bahrain, Libya, Iraq, Angola, and Iran in the region is expected to create high demand for industrial coatings.
The high demand for solvent-borne coatings in manufacturing industries for corrosion protection is expected to drive the market in the region. Increasing investment in non-oil based sectors is creating lucrative opportunities for automotive and general industry, which, in turn, is expected to positively influence the market growth in the region.
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Our clientele includes a mix of industrial coatings market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa industrial coatings market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa industrial coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA industrial coatings market size, by country, 2018-2030 (US$M)
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