Middle East & Africa Paints And Coatings Market Size & Outlook
Middle East & Africa paints and coatings market, 2018-2030 (US$M)
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MEA paints and coatings market highlights
- The MEA paints and coatings market generated a revenue of USD 13,494,083.4 million in 2023.
- The market is expected to grow at a CAGR of 4.4% from 2024 to 2030.
- In terms of segment, radiation cured coatings was the largest revenue generating product in 2023.
- Waterborne coatings is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 13,494,083.4 million |
| Market revenue in 2030 | USD 18,279,423.6 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Radiation cured coatings |
| Fastest growing segment | Waterborne coatings |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Radiation cured coatings, Powder coatings, Waterborne coatings, Solvent-borne coatings |
Other key industry trends
- In terms of revenue, MEA region accounted for 6.7% of the global paints and 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 104,128,986.2 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Paints and Coatings Market Scope
Paints and Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa paints and 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 paints and coatings market will help companies and investors design strategic landscapes.
Radiation cured coatings was the largest segment with a revenue share of 43.33% in 2023. Horizon Databook has segmented the Middle East & Africa paints and coatings market based on radiation cured coatings, powder coatings, waterborne coatings, solvent-borne coatings covering the revenue growth of each sub-segment from 2018 to 2030.
The market in this region is likely to be driven by the expanding oil & gas industry and rising healthcare expenditure in the region. The Middle East oil & gas industry has been witnessing a major shift since recent years with rising investment in more diverse range of projects including technical offshore and LNG projects.
This trend is expected to continue in the coming years as major players in the market are expanding their presence in the region and are engaged in long-term projects such as Upper Zakum, a production capacity enhancement project in the UAE; Zubair Oil Field - Rehabilitation Phase and Enhanced Re-Development Phase in Iraq; and Yanbu, a crude oil-to-chemicals complex project in Saudi Arabia.
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Target buyers of Middle East & Africa paints and coatings market databook
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Our clientele includes a mix of paints and coatings market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa paints and coatings market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa paints and coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA paints and coatings market size, by country, 2018-2030 (US$M)
Middle East & Africa Paints and Coatings Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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