Middle East & Africa Thermal Spray Coatings Market Size & Outlook
Middle East & Africa thermal spray coatings market, 2018-2030 (US$M)
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MEA thermal spray coatings market highlights
- The MEA thermal spray coatings market generated a revenue of USD 884.8 million in 2023.
- The market is expected to grow at a CAGR of 3.2% from 2024 to 2030.
- In terms of segment, ceramics was the largest revenue generating material in 2023.
- Ceramics is the most lucrative material 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 884.8 million |
| Market revenue in 2030 | USD 1,105.0 million |
| Growth rate | 3.2% (CAGR from 2023 to 2030) |
| Largest segment | Ceramics |
| Fastest growing segment | Ceramics |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Metals, Ceramics, Intermetallics, Polymers, Carbides, Abradables |
| Key market players worldwide | Compagnie de Saint-Gobain SA, Carpenter Technology Corp, Fujimi Inc, Powder Alloy Corporation, GTV Wear Protection, Praxair Surface Technologies, Hoganas, H.C. Starck Ceramics, Castolin Eutectic, Wall Colmonoy, Kennametal Stellite, Oerlikon |
Other key industry trends
- In terms of revenue, MEA region accounted for 8.5% of the global thermal spray coatings market in 2023.
- Globally, North America 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 3,746.9 million by 2030.
Ceramics was the largest segment with a revenue share of 32.65% in 2023. Horizon Databook has segmented the Middle East & Africa thermal spray coatings market based on metals, ceramics, intermetallics, polymers, carbides, abradables covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & Africa is the world leader in terms of oil production. The presence of major oil producing countries such as Saudi Arabia, Kuwait, Oman, Bahrain, Libya, Iraq, Angola, and Iran in the region is expected to create a high demand for thermal spray coatings in oil & gas industry.
In addition, the improving healthcare sector, majorly in GCC countries, is anticipated to further fuel the demand for medical devices, which, in turn, is expected to create lucrative opportunities for the thermal spray coatings market in the region. Moreover, Dubai, Qatar, Abu Dhabi, and Saudi Arabia have witnessed growth in aerospace industry.
These countries along with Bahrain, Oman, Egypt, Sharjah, Jordan, and Egypt have been investing in new airports construction. For instance, in June 2023, the government of Dubai announced plans to build a new airport at the Al Maktoum Airport with a capacity of up to 150 million passengers. These investments are expected to impact the demand for thermal spray coatings used in aerospace industry.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Thermal Spray Coatings Market Scope
Thermal Spray Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
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MEA thermal spray coatings market size, by country, 2018-2030 (US$M)
Middle East & Africa Thermal Spray Coatings Market Outlook Share, 2023 & 2030 (US$M)
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