Middle-East and Africa Paints and Coatings Market Shares SWOT Analysis, Key Development Strategies and Forecasts Till 2026

The Middle-East and Africa Paints and Coatings Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Middle-East and Africa Paints and Coatings market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Middle-East and Africa Paints and Coatings market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Middle-East and Africa Paints and Coatings market.

The Middle-East and Africa paints and coatings market is estimated to witness a significant growth, at an estimated CAGR of over 3%, over the forecast period. 

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Top Leading Companies of Middle-East and Africa Paints and Coatings Market are - Akzo Nobel N.V., Al-Tabieaa Company, Asian Paints BERGER, ATLAS Peintures, Basco Paints, BASF SE, Beckers Group, Crown Paints Kenya PLC, DAW SE (Caparol), Hempel A/S, Jazeera Paints, Jotun, Kansai Paint Co. and others.

Key Market Trends:

Increasing Demand from the Architectural Industry

- Architectural paints and coatings is by far the largest segment in the whole paints and coatings industry. Architectural coatings are meant to protect and decorate the surface features. These are used to coat buildings and homes. Most are designated for specific uses such as roof coatings, wall paints, or deck finishes. No matter its use, each architectural coating must provide certain decorative, durable, and protective functions.
- Architectural coatings are used in the applications from commercial purposes, such as office buildings, warehouses, retail convenience stores, and shopping malls to residential buildings. Such coatings can be applied on the outer surfaces as well as inner surfaces and include sealers, or specialty products. The architectural coatings can be mainly divided into interior and exterior coatings.

Egypt to Drive the Market Growth

- The real GDP growth increased in Egypt to 5.6% in 2019 (ending June 30, 2019), as compared to 4.6% in the previous three years. This robust performance was sustained throughout the first half of 2020, driven mainly by investments. Due to the impact of COVID-19, the government reduced its GDP growth forecast for the fiscal year ending in June 2020 to 5.1%, from 5.6%, as the COVID-19 outbreak took a toll on the global economy. The government projected the country’s GDP to grow at an annual clip of at least 5.5% over the next few years.
- Egypt has the largest construction industry in the African region. Furthermore, the construction industry is expected to witness significant growth, owing to the increasing foreign investments in several construction projects. The construction industry in Egypt has been among the fastest-growing in the world, expanding by an average of over 9% in the past few years. The country’s construction projects accounted for about 10% of the total number of construction projects in Africa.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Middle-East and Africa Paints and Coatings Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Middle-East and Africa Paints and Coatings Market (%),2016 - 2026
- Middle-East and Africa Paints and Coatings Market Share, By Brand
- Middle-East and Africa Paints and Coatings Market Share, By Company
- Middle-East and Africa Paints and Coatings Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Middle-East and Africa Paints and Coatings Market Value Analysis & Forecast
- Promising Middle-East and Africa Paints and Coatings Development by Major Companies
- Detailed Middle-East and Africa Paints and Coatings Portfolio of the Major Companies
- Major Deals in the Middle-East and Africa Paints and Coatings Market
- Major Companies Analysis

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This release was published on openPR.