Middle East & Africa Industrial Coatings Market Size & Outlook

The industrial coatings market in Middle East & Africa is expected to reach a projected revenue of US$ 3,657.8 million by 2030. A compound annual growth rate of 2% is expected of Middle East & Africa industrial coatings market from 2024 to 2030.
Revenue, 2023 (US$M)
$3,183.7
Forecast, 2030 (US$M)
$3,657.8
CAGR, 2024 - 2030
2%
Report Coverage
Middle East & Africa

MEA industrial coatings market highlights

  • The MEA industrial coatings market generated a revenue of USD 4,286.9 million in 2023.
  • The market is expected to grow at a CAGR of 2.6% from 2024 to 2027.
  • 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, UAE is expected to register the highest CAGR from 2024 to 2027.


MEA data book summary

Market revenue in 2023USD 4,286.9 million
Market revenue in 2027USD 4,742.5 million
Growth rate2.6% (CAGR from 2023 to 2027)
Largest segmentAcrylic
Fastest growing segmentAcrylic
Historical data covered2016 - 2022
Base year for estimation2023
Forecast period covered2024 - 2027
Quantitative unitsRevenue in USD million
Market segmentationAcrylic, Alkyd, Polyurethane, Epoxy, Polyesters, Other
Key market players worldwideAkzo 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 4.8% of the global industrial coatings market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2027.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 47,425.4 million by 2027.

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Industrial Coatings Market Companies

Name Profile # Employees HQ Website

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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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)

Middle East & Africa Industrial Coatings Market Outlook Share, 2023 & 2030 (US$M)

MEA industrial coatings market size, by country, 2018-2030 (US$M)

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