Middle East & Africa Waterborne Coatings Market Size & Outlook
Middle East & Africa waterborne coatings market, 2018-2030 (US$M)
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MEA waterborne coatings market highlights
- The MEA waterborne coatings market generated a revenue of USD 2,073.3 million in 2022.
- The market is expected to grow at a CAGR of 4.6% from 2023 to 2030.
- In terms of segment, architectural was the largest revenue generating application in 2022.
- Automotive OEM 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 2,073.3 million |
| Market revenue in 2030 | USD 2,968.5 million |
| Growth rate | 4.6% (CAGR from 2022 to 2030) |
| Largest segment | Architectural |
| Fastest growing segment | Automotive OEM |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Architectural, General Industries, Automotive OEM, Metal Packaging, Protective Coatings, Automotive Refinish, Industrial Wood, Marine, Coil |
| Key market players worldwide | Akzo Nobel NV, Basf SE, Axalta Coating Systems Ltd, Kansai Paint Co Ltd, Nippon Paint Holdings Co Ltd, PPG Industries Inc, RPM International Inc, Sherwin-Williams Co, Berger Paints, Valspar, Tikkurila Group |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.0% of the global waterborne coatings 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 39,605.9 million by 2030.
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Waterborne Coatings Market Scope
Waterborne Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa waterborne 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 waterborne coatings market will help companies and investors design strategic landscapes.
Architectural was the largest segment with a revenue share of 81.1% in 2022. Horizon Databook has segmented the Middle East & Africa waterborne coatings market based on architectural, general industries, automotive oem, metal packaging, protective coatings, automotive refinish, industrial wood, marine, coil covering the revenue growth of each sub-segment from 2018 to 2030.
The International Monetary Fund suggest that the region is expected to witness a strong economic growth in 2018 and over the next few years. The emerging economies of Ethiopia, Morocco, Libya, and Egypt are expected to drive the overall growth of waterborne coatings in the region.
In addition, strong growth of the construction, telecommunications, and logistics & shipping industries in the region, is expected to impact the demand for waterborne coating used in the aforementioned industries.
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Our clientele includes a mix of waterborne coatings market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa waterborne coatings market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa waterborne coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA waterborne coatings market size, by country, 2018-2030 (US$M)
Middle East & Africa Waterborne Coatings Market Outlook Share, 2022 & 2030 (US$M)
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