South Africa Paints And Coatings Market Size & Outlook
South Africa paints and coatings market, 2018-2030 (US$M)
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South Africa paints and coatings market highlights
- The South Africa paints and coatings market generated a revenue of USD 653,422.8 million in 2023 and is expected to reach USD 886,749.0 million by 2030.
- The South Africa market is expected to grow at a CAGR of 4.5% from 2024 to 2030.
- In terms of segment, radiation cured coatings was the largest revenue generating product in 2023.
- Powder coatings is the most lucrative product segment registering the fastest growth during the forecast period.
Paints and coatings market data book summary
| Market revenue in 2023 | USD 653,422.8 million |
| Market revenue in 2030 | USD 886,749.0 million |
| Growth rate | 4.5% (CAGR from 2023 to 2030) |
| Largest segment | Radiation cured coatings |
| Fastest growing segment | Powder coatings |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, South Africa accounted for 0.3% of the global paints and coatings market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia paints and coatings market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 5,092,155.1 million by 2030.
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Paints and Coatings Market Scope
Paints and Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South 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 43.03% in 2023. Horizon Databook has segmented the South 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.
South Africa is a center to sub-Saharan Africa’s largest defense and military sector with the presence of a number of commercial aerospace and military equipment manufacturers. The country is the largest market for business aircraft in Africa with a fleet of more than 400 aircraft.
In the past few years, commercial and general aviation sectors in the country have witnessed sluggish growth owing to the high operating costs and slow economic growth. However, with the introduction of new government initiatives the aviation and defense industry started to witness growth over the period.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa paints and coatings market , including forecasts for subscribers. This country databook contains high-level insights into South Africa paints and coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa paints and coatings market size, by product, 2018-2030 (US$M)
South Africa Paints and Coatings Market Outlook Share, 2023 & 2030 (US$M)
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