Morocco Paints and Coatings Market 2022 Global Competition and Business Outlook - AkzoNobel NV (Astral), ATLAS Peintures, Colorado, Cromology, FACOP

Market Insights Reports has added new statistical data to its repository titled as, Global Morocco Paints and Coatings Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. The Morocco Paints and Coatings market report covers the post-COVID-19 impact on various regions and major countries and on the future development of the industry is pointed out.

The morocco paints and coatings market is expected to grow at a CAGR of over 3% during the forecast period.

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Top Key Players in the Global Morocco Paints and Coatings Market is AkzoNobel NV (Astral), ATLAS Peintures, Colorado, Cromology, FACOP, Kansai Paint, ODASSIA Peintures, PPG Industries, Inc., and others. 

Key Market Trends:

Acrylic Resins to Dominate the Market

- Acrylic resins have properties, such as transparency, high color ability, and UV resistance, in coating solutions. They are used in water-borne systems very often, which result in low VOC emission.
- The application of acrylic coatings leads to high surface hardness. In certain applications, such as walls, decks, and roofing, acrylic coatings provide elastomeric finishes to improve the UV resistance of the surface, if employed with some fluids.
- Application of acrylic coatings is primarily found in the construction industry, for high-end finishing in roofs, decks, bridges, floors, and other applications. Water-based acrylic coatings are high in demand, owing to the environmental concerns, like the negative impact of VOCs affecting the air quality in the environment.
- Some additional applications of acrylic paints and coatings are found in marine vessels and structures, automotive, electrical products, machinery, and various metal product, among others
- Owing to the above mentioned factors demand of paints and coatings of acrylic resin type is likely to dominate the market studied over the coming years.

Architectural Coatings to Dominate the Market

- Paints and coatings are not only used in the interiors of houses to add colors or decorative purposes, but also to perform a wide range of functions. Their functions vary depending on the type of environment and room that they are used on.
- Paints and coatings are applied on the exterior of the house to not only to give them a new look, but also to protect them from blistering summers, freezing winters, soaking rain, and the daily bombardment of UV radiation without fading, peeling away, and cracking.
- The modern advancements in paint technology, specifically in the acrylic formulations, have offered a wide range of weatherproof coatings.
- The number of tourists visiting Morocco increased 5.2 percent year-on-year to a record 13 million in 2019. Foreign tourists' arrivals increased by 5.4 percent, while those of Moroccan expatriates rose by 5 percent in the same period.
- Decrease in tourism and delays in commercial projects due to spread of COVID-19 is likely to hamper the growth of architectural sector. However in the long run market is forecasted to recover at a steady state.

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This Global Morocco Paints and Coatings Market report addresses:

- The Market size from 2016-2021

- Expected market growth until 2025

- Forecast of how market drivers, restraints, and future opportunities will affect

- Segment and regions that will drive or lead the market growth and why

- Comprehensive mapping of the competitive landscape

- In-depth analysis of key sustainability strategies adopted by market place.                              

Frequently Asked Questions about Global Morocco Paints and Coatings market:

- What are the recent developments and government policies?
- Why might we forecast a downturn in a particular economy next year?
- Why do we say the currency is set to appreciate?
- What countries and sectors offer the highest potential?
- Where are the greatest dangers?              

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides Global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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