MEA Paint And Coatings Market Share will Witness a YOY Growth Rate of 3.80% in 2022

The paint and coatings market share in MEA is expected to increase by USD 2.55 billion, accelerating at a CAGR of 4.13% during the forecast period. The market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Some of the major paint and coatings market vendors in MEA  are:

• Akzo Nobel NV
• Asian Paints Ltd.
• BASF SE
• Jazeera Paints Co.
• Jotun AS
• National Paints Factories Co. Ltd
• PPG Industries Inc.
• RAR Holding Group.
• RPM International Inc.
• The Sherwin-Williams Co.

The growth in the real estate and construction industry is notably driving market growth. In addition, the implementation of solar reflective coatings is the major paint and coatings market trend in MEA which will positively influence the market growth. However, the increasing use of glass in buildings is hindering the paint and coatings market growth in MEA.

Technavio's research provides an in-depth analysis of the market over recent years with a purview of the prevalent market scenario. It offers a thorough analysis of all the trends, drivers, and challenges that are likely to impact the market during the forecast period. Unlock Free Sample Analysis Report

Paint And Coatings Market in MEA: Rest of MEA to lead market growth during the forecast period

• The paint and coatings market in MEA is segmented by application (architecture, packaging, wood, transport, and others) and geography (Saudi Arabia, Egypt (Arab Republic of Egypt), UAE, South Africa, and Rest of MEA).
• The paint and coatings market growth in MEA by the architecture segment will be significant during the forecast period. The growth of the segment is attributed to the demand for modern infrastructure to grow the tourism industry. 
• 37% of the market growth will originate from Rest of MEA during the forecast period. Most of the residential and non-residential projects require coatings with advanced features such as heat shielding and weather resistance which will facilitate market growth in the region. Saudi Arabia, Egypt (Arab Republic of Egypt), UAE, and South Africa are the key markets for the paint and coatings market in MEA.
• The report provides an accurate prediction of the contribution of all the geographic segments to the growth of the paint and coatings market size in MEA.

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The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market will accelerate at a CAGR of 4.13%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 2.55 bn through 2022-2026.
    
3. What is a key factor driving this market?
   Growth in the real estate and construction industry will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   Saudi Arabia, Egypt (Arab Republic of Egypt), UAE, South Africa, and Rest of MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   37% growth will originate from Rest of MEA
    
6. Who are the leading market vendors?
   The leading vendors in this market are Akzo Nobel NV, Asian Paints Ltd., BASF SE, Jazeera Paints Co., Jotun AS, National Paints Factories Co. Ltd, PPG Industries Inc., RAR Holding Group., RPM International Inc., and The Sherwin-Williams Co.
    
7. What are the market segments covered in this report?
   The market is segmented by Application (Architecture, Packaging, Wood, Transport, and Others) and Geography (Saudi Arabia, Egypt (Arab Republic of Egypt), UAE, South Africa, and Rest of MEA).

Market Segmentation by Application

• • Paint And Coatings Market in MEA Split by Application
    • Architecture
    • Packaging
    • Wood
    • Transport
    • Others
  • Paint And Coatings Market in MEA Split by Geography
    • Saudi Arabia
    • Egypt (Arab Republic of Egypt)
    • UAE
    • South Africa
    • Rest of MEA

Customer landscape

• Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2020-2025
• MEA - Market size and forecast 2020-2025
• Europe - Market size and forecast 2020-2025
• North America - Market size and forecast 2020-2025
• South America - Market size and forecast 2020-2025
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Competitive scenario
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Akzo Nobel NV
• Asian Paints Ltd.
• BASF SE
• Jazeera Paints Co.
• Jotun AS
• National Paints Factories Co. Ltd
• PPG Industries Inc.
• RAR Holding Group.
• RPM International Inc.
• The Sherwin-Williams Co.