Middle East and Africa Coil Coatings Market Size, Share & Trends 2031
Middle East and Africa Coil Coatings Market Size, Share & Trends 2031
Segments - Middle East and Africa Coil Coatings Market by Resin Type (Polyester, Polyvinylidene Fluorides, Polyurethane, Plastisols, and Others), End-user Industry (Building and Construction, Industrial and Domestic Appliances, Transportation, Home and Office Furniture, and Others), and Geography (Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman, South Africa, and Rest of Middle-East and Africa) -Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :MC-1910
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Report Description
Middle East and Africa Coil Coatings Market Outlook 2031
The Middle East and Africa Coil Coatings Market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 4.7% during the forecast period, 2023–2031.
The growth of the market is attributed to its application in the manufacturing of several components, such as caravan and interior, sheet and panels for containers, trailer bodies, insulated boxes, roads, and railway coaches and the upsurge demand by the end-user industries for building and construction, appliance, automotive, and others.
Coil coating refers to a multi-layer coating of resins, pigments, and primers that are used to coat metal sheets, such as steel and aluminum. It is used to protect the material against harsh environmental conditions and also provide corrosion resistance.
The Covid-19 pandemic had an adverse impact on the Middle-East and Africa coil coatings market. The production and supply of coil coatings in the market has been on halt owing to lockdown; however, the government’s steps and strategies have helped to neutralised the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.
Coil Coatings Market Trends, Drivers, Restraints, and Opportunities
- Enormous properties of coil coatings such as stain resistance, hardness, flexibility, and corrosion resistance are likely to drive the market growth during the forecast period.
- Increase in per capita income, urbanization and increasing competitiveness of leading coil coating manufacturers are projected to spur the market expansion of Middle-East and Africa coil coatings in near future.
- Booming construction and automotive industry coupled with growing demand from downstream industries are estimated to propel the Middle-East and Africa coil coatings market
- Growing environmental compliance and stringent government regulations are anticipated to fuel the market growth in coming years
- Rising replacement of metals by plastics in the automotive industry is likely to hinder the market growth.
- R&D investment and technological advancement in Middle-East and Africa coil coatings market are expected to offer lucrative opportunities for the market players.
Scope of Middle East and Africa Coil Coatings Market Report
The report on Middle-East and Africa coil coatings market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Middle-East and Africa Coil Coatings Market –Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Resin Type (Polyester, Polyvinylidene Fluorides, Polyurethane, Plastisols, and Other Resin Types), End-user Industry (Building and Construction, Industrial and Domestic Appliances, Transportation, Home and Office Furniture, and Other End-user Industries) |
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Geography |
(Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman, South Africa, and Rest of Middle-East and Africa) |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
AkzoNobel N.V, Alcoa Corporation, The Sherwin-Williams Company and PPG Industries, Inc. |
Middle East and Africa Coil Coatings Market Segment insights
The polyester segment is projected to constitute a large market share
Based on resin type, the Middle-East and Africa coil coatings market is segregated into polyester, polyvinylidene fluorides, polyurethane, plastisols, and other Resin Type. The polyerter segment is expected to account for a key share of the market during the forecast period owing to its availability and application in the construction industry.
The building and construction segment is expected to register a substantial CAGR
Based on end-user industries, the Middle-East and Africa coil coatings market is divided into building and construction, industrial and domestic appliances, transportation, home and office furniture, and other end-user industries.
The building and construction segment accounts for a key share of the market and is estimated to propel even further over the forecast period owing to swift industry development, urbanization, and increase in per capita income, coupled with rise in consumer requirements and spending. Roofs, wood panels, metal sheets are some of the products, which are using in coating material for the construction industry.
These products are further providing artistic appeal to residential and commercial buildings. Furthermore, rising non-residential construction activities, including manufacturing industries, commercial building, and factories, have fueled the demand for coil coatings to sustain in harsh weather conditions.
Saudi Arabia is expected to dominate the market
In terms of geography, the market is broadly classified into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman, South Africa, and Rest of Middle-East and Africa. The market in Saudi Arabia is anticipated to expand at a robust CAGR during the forecast period. Government strategies for the development of social infrastructure, transportation, and energy and utility construction with investments in diversified sectors and an increased inflow of FDI is expected to drive the market growth in near future.
Furthermore, Saudi Arabia is aiming to establish itself as the new automotive hub in the Middle East. The country is trying to attract original equipment manufacturers (OEMs) to open their production plants in the country, to develop the domestic auto industry. Moreover, the country is experiencing a steady growth in new car sales in the market, which is expected to reach one million units by 2020, growing at a rate of 6.7% per annum.
Segments
The Middle-East and Africa coil coatings market has been segmented on the basis of:-
Resin Type
- Polyester
- Polyvinylidene Fluorides
- Polyurethane
- Plastisols
- Others
End-user Industry
- Building and Construction
- Industrial and Domestic Appliances
- Transportation
- Home and Office Furniture
- Others
Geography
- Saudi Arabia
- United Arab Emirates
- Qatar, Kuwait
- Oman
- South Africa
- Rest of Middle-East and Africa
Key Companies
- AkzoNobel N.V
- Alcoa Corporation
- The Sherwin-Williams Company
- PPG Industries, Inc.
Competitive Landscape
Key players competing in the Middle-East and Africa coil coatings market include AkzoNobel N.V, Alcoa Corporation, The Sherwin-Williams Company and PPG Industries, Inc.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
Frequently Asked Questions
Opportunities for growth include increased R&D investment, technological advancements, and expanding applications in emerging sectors such as transportation and infrastructure development.
Challenges include the rising replacement of metals by plastics in the automotive industry and the need to comply with stringent environmental regulations.
Key players in the market include AkzoNobel N.V, Alcoa Corporation, The Sherwin-Williams Company, and PPG Industries, Inc.
Major markets include Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman, South Africa, and the rest of the Middle East and Africa. Saudi Arabia is expected to dominate the market due to government investments and the growth of the automotive and construction sectors.
Key trends and drivers include the superior properties of coil coatings such as stain resistance and corrosion protection, increasing urbanization, growth in the construction and automotive sectors, and stricter environmental regulations.
The Covid-19 pandemic negatively affected the market due to production and supply chain disruptions caused by lockdowns. However, government strategies and the adoption of advanced technologies by key players have helped the market recover and continue growing.
The building and construction segment is the leading end-user industry, driven by rapid urbanization, increased per capita income, and rising demand for coated materials in residential and commercial buildings.
The polyester segment is expected to hold the largest market share due to its wide availability and extensive application in the construction industry.
Coil coatings are multi-layer coatings made of resins, pigments, and primers applied to metal sheets such as steel and aluminum. They are used to protect materials from harsh environmental conditions and provide corrosion resistance, with applications in building and construction, appliances, automotive, and transportation industries.
The Middle East and Africa coil coatings market was valued at USD XX Billion in 2022 and is projected to reach USD XX Billion by 2031, expanding at a CAGR of 4.7% during the forecast period from 2023 to 2031.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Coil Coatings Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Coil Coatings Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Coil Coatings Market - Supply Chain
4.5. Global Coil Coatings Market Forecast
4.5.1. Coil Coatings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Coil Coatings Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Coil Coatings Market Absolute $ Opportunity
5. Global Coil Coatings Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Coil Coatings Market Size and Volume Forecast by Types
5.3.1. Polyester
5.3.2. Polyvinylidene Fluorides
5.3.3. Polyurethane
5.3.4. Plastisols
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Coil Coatings Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Coil Coatings Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Coil Coatings Demand Share Forecast, 2019-2026
7. North America Coil Coatings Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Coil Coatings Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Coil Coatings Market Size and Volume Forecast by Types
7.4.1. Polyester
7.4.2. Polyvinylidene Fluorides
7.4.3. Polyurethane
7.4.4. Plastisols
7.4.5. Others
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Coil Coatings Demand Share Forecast, 2019-2026
8. Latin America Coil Coatings Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Coil Coatings Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Coil Coatings Market Size and Volume Forecast by Types
8.4.1. Polyester
8.4.2. Polyvinylidene Fluorides
8.4.3. Polyurethane
8.4.4. Plastisols
8.4.5. Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Coil Coatings Demand Share Forecast, 2019-2026
9. Europe Coil Coatings Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Coil Coatings Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Coil Coatings Market Size and Volume Forecast by Types
9.4.1. Polyester
9.4.2. Polyvinylidene Fluorides
9.4.3. Polyurethane
9.4.4. Plastisols
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Coil Coatings Demand Share Forecast, 2019-2026
10. Asia Pacific Coil Coatings Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Coil Coatings Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Coil Coatings Market Size and Volume Forecast by Types
10.4.1. Polyester
10.4.2. Polyvinylidene Fluorides
10.4.3. Polyurethane
10.4.4. Plastisols
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Coil Coatings Demand Share Forecast, 2019-2026
11. Middle East & Africa Coil Coatings Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Coil Coatings Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Coil Coatings Market Size and Volume Forecast by Types
11.4.1. Polyester
11.4.2. Polyvinylidene Fluorides
11.4.3. Polyurethane
11.4.4. Plastisols
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Coil Coatings Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Coil Coatings Market: Market Share Analysis
12.2. Coil Coatings Distributors and Customers
12.3. Coil Coatings Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. AkzoNobel N.V
12.4.2. Alcoa Corporation
12.4.3. The Sherwin-Williams Company
12.4.4. PPG Industries, Inc.
Methodology
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