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Middle-East and Africa Coil Coatings Market Size (2024 - 2029)

The Middle-East and Africa coil coatings market is projected to experience significant expansion, driven by the rising commercial construction activities in the region. This growth trajectory is supported by the increasing demand for coil coatings in manufacturing components for various applications, including containers and automotive industries. However, the market's expansion may face challenges due to the growing trend of replacing metals with plastics in the automotive sector. Saudi Arabia is anticipated to lead the market, emerging as the fastest-growing area within the region.

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Market Size of Middle-East and Africa Coil Coatings Industry

Middle-East and Africa Coil Coatings Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 4.50 %
Market Concentration High

Major Players

Middle-East and Africa Coil Coatings Market Key players

*Disclaimer: Major Players sorted in no particular order

Middle-East and Africa Coil Coatings Market Analysis

The Middle-East and Africa coil coatings market is estimated to witness a healthy growth, at an estimated CAGR of over 4.5%, over the forecast period. Coil coatings find their application in the manufacturing of typical components, such as sheet and panels for containers, caravan and interior, insulated boxes, trailer bodies, roads, and railway coaches.

  • Booming commercial construction activities in Middle East is augmenting the growth of the market.
  • Increasing replacement of metals by plastics in the automotive industry is likely to hinder the market growth.
  • Saudi Arabia dominated the market and is expected to be the fastest growing market in the region during the forecast period.

Middle-East and Africa Coil Coatings Industry Segmentation

The Middle-East and Africa coil coatings market report includes:

Resin Type
Polyester
Polyvinylidene Fluorides (PVDF)
Polyurethane(PU)
Plastisols
Other Resin Types
End-user Industry
Building and Construction
Industrial and Domestic Appliances
Automotive
Home and Office Furniture
Other End-user Industries
Geography
Saudi Arabia
United Arab Emirates
Qatar
Kuwait
Oman
South Africa
Rest of Middle-East and Africa
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Middle-East and Africa Coil Coatings Market Size Summary

The Middle-East and Africa coil coatings market is poised for robust growth, driven by the burgeoning commercial construction activities in the region. Coil coatings are extensively utilized in manufacturing components such as sheet and panels for various applications, including containers, caravans, and railway coaches. The demand for coil coatings is bolstered by their use in end-user industries like construction, urbanization, and the rise in consumer spending. These coatings, which consist of multi-layer pigments, resins, and primers, are essential for protecting metal sheets like aluminum and steel from harsh environmental conditions and providing corrosion resistance. The construction sector in the Middle East & Africa is expected to offer significant opportunities for digitization and modular design, with Saudi Arabia leading the charge in capital projects, followed by the United Arab Emirates, Egypt, and Kuwait.

Saudi Arabia's market is particularly dynamic, with the country making strides to become a new automotive hub in the Middle East, attracting original equipment manufacturers to establish production plants. The government's expansive infrastructure development plans, supported by substantial investments and foreign direct investment inflows, are set to boost the coil coatings market. The automotive industry in Saudi Arabia is also experiencing growth, with an increase in new car sales anticipated. The coil coatings market is expected to be partially consolidated, with major players like AkzoNobel N.V., Alcoa Corporation, Tata Steel, and PPG Industries, Inc. holding significant market shares. Despite challenges such as the replacement of metals by plastics in the automotive sector, the overall outlook for the coil coatings market in the Middle-East and Africa remains positive, with substantial growth opportunities on the horizon.

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Middle-East and Africa Coil Coatings Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Booming Commercial Construction Activities in Middle East

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Increasing Replacement of Metals by Plastics in the Automotive Industry

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Resin Type

      1. 2.1.1 Polyester

      2. 2.1.2 Polyvinylidene Fluorides (PVDF)

      3. 2.1.3 Polyurethane(PU)

      4. 2.1.4 Plastisols

      5. 2.1.5 Other Resin Types

    2. 2.2 End-user Industry

      1. 2.2.1 Building and Construction

      2. 2.2.2 Industrial and Domestic Appliances

      3. 2.2.3 Automotive

      4. 2.2.4 Home and Office Furniture

      5. 2.2.5 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Saudi Arabia

      2. 2.3.2 United Arab Emirates

      3. 2.3.3 Qatar

      4. 2.3.4 Kuwait

      5. 2.3.5 Oman

      6. 2.3.6 South Africa

      7. 2.3.7 Rest of Middle-East and Africa

Middle-East and Africa Coil Coatings Market Size FAQs

The Middle-East and Africa Coil Coatings Market is projected to register a CAGR of greater than 4.5% during the forecast period (2024-2029)

AkzoNobel N.V., Alcoa Corporation , The Sherwin-Williams Company and PPG Industries, Inc. are the major companies operating in the Middle-East and Africa Coil Coatings Market.

Middle-East and Africa Coil Coatings Market Report Snapshots

Middle-East and Africa Coil Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)