Middle East and Africa Decorative Coatings Market Overview, Growth Rate Forecast 2022-2028

Precision Business Insights published a research report on "Middle East and Africa Decorative Coatings Market: By Resin Type (Acrylic, Alkyd, and Polyurethane), By Product Type (Emulsions, Enamel, and Wood Coatings), By Technology (Water Based, and Solvent Based), By Application (Residential and Non-Residential) - Global/Region/Country Forecast to 2028".

Decorative coatings improve the attractiveness of many surfaces while also providing protection. They are commonly used in both residential and commercial structures. Microbes, UV radiation, and moisture are just a few of the components that these coatings aid to protect surfaces from. Lacquers, enamels, translucent coatings, wood stains, and paints are examples of decorative coatings. Concrete surfaces, walks, pavements, decks, ceilings, buildings, roofs, floors, and other building and construction applications all benefit from these coatings. Renovation and rebuilding operations in the construction sector are likely to contribute to the global decorative coatings market's overall growth in the coming years.

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In the MEA region, the building industry makes a substantial contribution. The construction sector, for example, contributes 8% of the GDP in Saudi Arabia. Saudi Arabia is the largest construction industry in the Middle East and North Africa region. Around USD 800 billion in projects are planned in the Middle East, delivering a significant boost to the construction sector, which in turn is fueling the Paints & Coatings industry. The government also intends to improve the infrastructure, transportation, and energy sectors, all of which will necessitate the use of paint and coatings. Despite the fact that this region has suffered a significant setback as a result of the Covid-19, the region continues to develop, which is helping the building industry. This business was further fueled by an increase in housing demand. In Saudi Arabia, for example, national infrastructure initiatives are assisting in the development of the housing sector. In this region, the automotive industry is also booming. The paints and coatings market will continue to increase as the automobile industry develops.
According to the United Nations World Tourism Organization, approximately 87 million tourists visited the Middle East and North Africa.

On the basis of resin type, the Middle East and Africa Decorative coatings market is segmented into thermoset and thermoplastic. Based on coatings method, the powder coatings market is segmented into electrostatic spray, fluidized bed and others. On the basis of substrate, the Middle East and Africa Decorative coatings market is categorized into metallic and non-metallic. In terms of end-use industry, the Middle East and Africa Decorative coatings market is classified into appliances, aerospace, automotive, architectural, general industrial, buildings and construction, energy, marine, oil and gas, furniture and others.

Owing to the government has undertaken plan for the implementation of social infrastructure, the United Arab Emirates controls the Middle East and Africa powder coatings industry. High demand from the transportation, energy, utility, and construction industries, as well as increased technical breakthroughs, the expansion of rigorous environmental regulations, and rising personal disposable income, are all propelling the market forward.

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Some of the major key players in the Middle East and Africa Decorative Coatings Market are PPG Industries (U.S.) AkzoNobel N.V. (Netherlands) Sherwin-Williams Company (U.S.) Asian Paints (India) Masco Corporation (U.S.) Kansai Paints Co., Ltd. (Japan) DuluxGroup Ltd. (Australia) Jotun A/S (Norway) DAW SE (Germany) Nippon Paint Co., Ltd. (Japan).

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