Middle East & Africa Paint Additives Market Size & Outlook
Middle East & Africa paint additives market, 2018-2030 (US$M)
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MEA paint additives market highlights
- The MEA paint additives market generated a revenue of USD 137.0 million in 2022.
- The market is expected to grow at a CAGR of 2.7% from 2023 to 2030.
- In terms of segment, rheology modifiers was the largest revenue generating product in 2022.
- Rheology modifiers 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 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 137.0 million |
| Market revenue in 2030 | USD 169.8 million |
| Growth rate | 2.7% (CAGR from 2022 to 2030) |
| Largest segment | Rheology modifiers |
| Fastest growing segment | Rheology modifiers |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Rheology modifiers, Biocides, Anti-foamers, Wetting & dispersion agents |
| Key market players worldwide | Arkema SA, Basf SE, Dow Inc, Evonik Industries AG, Ashland Inc, Cabot Corp, Daikin Industries Ltd, Eastman Chemical Co, The Lubrizol Corp, AkzoNobel [Dulux Brand], Angus Chemical, Buckman, Elementis PLC, Dynea AS |
Other key industry trends
- In terms of revenue, MEA region accounted for 7.8% of the global paint additives market in 2022.
- 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 925.0 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Paint Additives Market Scope
Paint Additives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa paint additives 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 paint additives market will help companies and investors design strategic landscapes.
Rheology modifiers was the largest segment with a revenue share of 29.85% in 2022. Horizon Databook has segmented the Middle East & Africa paint additives market based on rheology modifiers, biocides, anti-foamers, wetting & dispersion agents covering the revenue growth of each sub-segment from 2018 to 2030.
Iran, Saudi Arabia, and South Africa are leading manufacturers of automobiles and their parts in the Middle East & Africa. The growing automotive industry in the region has fueled the demand for paint additives in the Middle East & Africa. The flourishing oil & gas industry in the Middle East has been increasing the demand for vehicles such as trucks and tankers that use paints.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa paint additives market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa paint additives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA paint additives market size, by country, 2018-2030 (US$M)
Middle East & Africa Paint Additives Market Outlook Share, 2022 & 2030 (US$M)
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