Middle East & Africa Powder Coating Market Size & Outlook
Middle East & Africa powder coating market, 2018-2030 (US$M)
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MEA powder coating market highlights
- The MEA powder coating market generated a revenue of USD 1,766.6 million in 2022.
- The market is expected to grow at a CAGR of 4.2% from 2023 to 2030.
- In terms of segment, consumer goods was the largest revenue generating application in 2022.
- Automotive is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 1,766.6 million |
| Market revenue in 2030 | USD 2,450.2 million |
| Growth rate | 4.2% (CAGR from 2022 to 2030) |
| Largest segment | Consumer goods |
| Fastest growing segment | Automotive |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumer Goods, Architectural, Automotive, General Industries, Furniture |
| Key market players worldwide | Nordson Corp, Graco Inc, Carlisle Companies Inc, Statfield Equipments, Reliant Finishing Systems, Pittsburgh Spray Equipment, Reinhardt-Technik, Anest Iwata, SAMES KREMLIN, Hangzhou Color Powder Coating Equipment Co., Mitsuba Systems ( I ) P.Ltd, The Eastwood Company, Parker Ionics, Redline Industries |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.1% of the global powder coating 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 20,813.7 million by 2030.
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Powder Coating Market Scope
Powder Coating Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa powder coating 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 powder coating market will help companies and investors design strategic landscapes.
Consumer goods was the largest segment with a revenue share of 23.7% in 2022. Horizon Databook has segmented the Middle East & Africa powder coating market based on consumer goods, architectural, automotive, general industries, furniture covering the revenue growth of each sub-segment from 2018 to 2030.
The growing Middle East and Africa construction industry is driving the demand for powder coatings. In addition, rising investments in public infrastructure and industrial and commercial projects are fueling the growth of the construction industry in the region, which, in turn, is expected to propel the demand for powder coatings over the forecast period.
Saudi Arabia’s construction market is expected to grow substantially and present promising opportunities owing to ongoing reforms, such as Vision 2030 and NTP 2020, aimed at diversifying the economy away from oil.
Such initiatives drive the demand for high-quality construction materials and technologies, positioning powder coatings as a valuable solution to enhance the durability and color retention of construction materials in Saudi Arabia.
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Target buyers of Middle East & Africa powder coating market databook
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Our clientele includes a mix of powder coating 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa powder coating market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa powder coating market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA powder coating market size, by country, 2018-2030 (US$M)
Middle East & Africa Powder Coating Market Outlook Share, 2022 & 2030 (US$M)
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