ÌÇÐÄvlog´«Ã½

MEA Paints and Coatings Market Analysis

The Middle East and Africa Paints and Coatings Market is estimated to register a CAGR of over 3% over the forecast period.

The market was impacted due to the COVID-19 pandemic in 2020. However, the market witnessed growth in 2021 owing to increasing infrastructure demand in various regions. Construction, automotive and transportation, and the wood sectors all employ paints and coatings. They have a significant application in the building and construction business, where they are used to protect structures from external harm. Furthermore, the market is expected to expand in the coming years as governments focus on boosting public spending to undertake new projects.

• A major factor driving the market studied is the increased focus on tourism and construction in the Middle East.
• On the flip side, the slowdown in the automotive sector is expected to hinder the market's growth.
• Architectural coatings dominated the market, and the segment is expected to grow during the forecast period, owing to the increasing construction activities across the region.
• Rising demand for eco-friendly products, growth prospects in Oman, and plans for new luxury real estate projects in Qatar are likely to act as an opportunity for the market studied.

MEA Paints and Coatings Industry Segmentation

Paints and coatings protect the interiors and exteriors of homes from scorching summers, cold winters, soaking rain, and UV radiation, among other things. The market is segmented by resin type, technology, end-user industry, and geography. By resin type, the market is segmented into acrylic, alkyd, polyurethane, epoxy, polyester, and other resin types. By technology, the market is segmented into water-borne, solvent-borne, radiation cure, and other technologies. By end-user industry, the market is segmented into architectural, automotive, wood, industrial, and other end-user industries. The report also covers the market size and forecast for the Middle-east and African paints and coatings market in 13 countries across the region. For each segment, the market sizing and forecasts have been done based on value (USD million).