Press release
Middle East and North Africa Corrosion Protective Coatings & Acid Proof Lining Market worth US$ 3,163.8 Mn by 2026
Market revenue from the MENA corrosion protective coatings and acid proof lining market is estimated to be valued at US$ 1,953.0 Mn by 2016 end, which is expected to increase at a CAGR of 4.9% over the forecast period 2016–2026.
Market Dynamics
Strategic government initiatives to promote non-oil industries in the Middle East and North Africa in recent years is expected to be one of the major factors driving growth of the MENA corrosion protective coatings and acid proof linings market over the forecast period (2016–2026).
Increasing activities in shipping, offshore repair and shipbuilding in the Middle East & North Africa in recent years are factors anticipated to drive demand for corrosion protective coatings in the region over the forecast period. Also, robust growth in end-user industries such as marine, oil & gas and chemicals in MENA is in turn expected to drive growth of the market in the region. On the other hand, major economies and industries in MENA region are still heavily dependent on crude oil production, export and fiscal revenue generated from it. Slump in crude oil prices in recent years has heavily affected the growth of major economies as well as industries in MENA region, in turn affecting the demand for corrosion protective coatings and acid proof linings. Slump in crude oil prices in recent years and the near future is anticipated to be the major restraint for growth of the MENA corrosion protective coatings and acid proof linings market. Key players in the MENA corrosion protective coatings and acid proof linings market focus on developing specialty coatings for rehabilitation of pipelines in order to capitalise on favourable growth opportunities related to the same. This is expected to be a major trend in the market over the next few years.
Request For Sample@ http://www.futuremarketinsights.com/reports/sample/rep-ma-1928
MENA Corrosion Protective Coatings & Acid Proof Linings Market Taxonomy
The corrosion protective coatings & acid proof linings market in MENA is segmented as follows:
By Product Type
By End-user Industry
By Country
By product type, the MENA corrosion protective coatings market is segmented into polymer coatings and rubber linings. Polymer coatings segment is further sub-segmented into epoxy, polyurethane, polyurea, alkyd, acrylic, fluoropolymer and vinyl ester & flake-filled vinyl ester. Polymer coatings segment is anticipated to dominate the market in terms of both volume and value over the forecast period. Rubber linings segment in the MENA corrosion protective coatings market is further sub-segmented into hard rubber lining systems and soft rubber lining systems. By product type, the MENA acid proof linings market is segmented into ceramic & carbon brick lining, tile lining, thermoplastic lining. On the basis of end-user industry, the MENA corrosion protective coatings and acid proof linings market is segmented into marine, oil & gas, power generation, transportation vehicles, chemicals, mining & metallurgy and water treatment.
MENA Corrosion Protective Coatings & Acid Proof Linings Market Analysis by Product Type
Polymer coatings segment is projected to expand at a CAGR of 4.9% over the forecast period. Epoxy and polyurethane are expected to be the most preferred polymer coatings, primarily because of their multi-functionality, technical superiority, ease in availability and application. In terms of value, polyurea sub-segment is expected to witness significant growth, expanding at a CAGR of 5.9% over the forecast period.
Country Analysis
On the basis of country, the MENA corrosion protective coatings and acid proof linings market is segmented into United Arab Emirates (UAE), Saudi Arabia, Qatar, Oman, Kuwait, Bahrain, Iran, Iraq, Morocco, Egypt and Jordan. Saudi Arabia is expected to dominate the market in terms of value and volume over the forecast period.
Send An Enquiry@ http://www.futuremarketinsights.com/askus/rep-ma-1928
Key Players
Key players identified in this report are Cape RB Hilton Saudi Arabia Ltd., Hertel OTC, StonCor Middle East LLC, Kaefer LLC., REMA TIP TOP AG, KCC Corrosion Control Co., StonCor Middle East LLC, Anticorrosion Protective Systems L.L.C., Al Gurg Paints LLC., Ineco Limited, Global Suhaimi, Ocean Rubber Factory LLC, Hajjan Trading & Industrial Services Company Ltd. (HATCON), Rezayat Protective Coating Company Ltd., Al-sabaiea National Gen. Cont. & Gen. Trd. Co., Bahrain Rubber Company W.L.L., DicoTech Limited, General Industries Co., Ltd., FABA Commercial Services W.L.L., Beugin Industrie Sas, GARAY Group, Arcoy Morac SARL, Uniresins Proprietary Limited, GEAS RIVESTIMENTI s.r.l., Al Dobowi Limited, Aderan Dej Co., Ltd., Wisdom Group, Keran Wazin Sanat Co. , Binzagr Factory for Insulation Materials Co., Ltd., International Coatings Iran, Kasra Industrial Lining and Coating Company and Payesh Sanat Pooyesh (PSP) (Corrocoat).
ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
CONTACT:
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Middle East and North Africa Corrosion Protective Coatings & Acid Proof Lining Market worth US$ 3,163.8 Mn by 2026 here
News-ID: 486174 • Views: …
More Releases from Future Market Insights
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,…
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry…
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033.
The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable…
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute…
More Releases for MENA
MENA Commercial Gyms Market Growth | MENA Hotel Fitness Centre Industry | Active …
November 2021 | MENA News
Fitness brands are actively optimizing their existing business models as the industry faces disruption by offering diversified services such as personal training and group exercise
Increase in Prevalence of Chronic Diseases: The prevalence of CVD is 10-15% in Middle East accounting for 34% of all deaths with ~55 Mn adults aged 20-79 years having diabetes in the region. Also, ~1-3% of population are affected with Cancer in…
Market Insighs: Growth of Construction Sector in MENA Region to Bode Well for th …
Researchmoz added Most up-to-date research on "Truck Mounted Concrete Pump Market - MENA Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2024" to its huge collection of research reports.
Truck mounted concrete pump is a construction equipment machine which is used for transporting liquid concrete by pumping. Rising building and construction activities and infrastructure development are the major drivers that drives the growth of truck mounted concrete pump market…
MENA CLOUD ALLIANCE PIONEERS FOUNDATIONS FOR DIGITAL TRANSFORMATION
Dubai, 10 July 2017: The MENA Cloud Alliance, the region’s first industry association focused on cloud computing adoption, is breaking new ground in monitoring, identifying and resolving issues around cloud adoption regionally.
The Alliance, which has a growing membership, provides a neutral platform to address opportunities and issues in the region. It provides a forum to generate dialogue, accelerate cloud computing and develop its impact on MENA’s digital economies.
This…
Digital Transformation Market Growth in MENA
Future Market Insights (FMI), with sharp focus on emerging regions, delivers key insights on the Middle East and North Africa (MENA) digital transformation market in its recent report titled “Digital Transformation Market: MENA Industry Analysis and Opportunity Assessment 2014 - 2020”. The MENA IT market is anticipated to grow at a single-digit CAGR during the forecast period. In contrast, the MENA digital transformation market is expected to expand at a…
Getmo Arabia rebrands to Mondia Media MENA
Hamburg/Dubai, 2nd September 2013 – Middle East and North African region leading digital entertainment provider Getmo Arabia has renamed itself Mondia Media MENA as part of closer alignment with its parent company Mondia Media Group. Building on the experience of delivering cutting-edge digital content services directly to Middle Eastern consumers and through a variety of partnerships over the past four years, Mondia Media MENA will concentrate its product offerings and…
Operators in MENA region ready for convergence
Orga Systems supports growth strategies
Istanbul (Turkey) / Paderborn (Germany), 25th August 2009 - The Middle East region represents one of the world's fastest growing mobile subscription markets, even as the world economy struggles and slows, according to figures from Informa Telecoms & Media. As a consequence of its strategic business development activities in this region, Orga Systems continues to introduce its convergent product portfolio to leading operators.
Operators need to position…
