Middle East and Africa Industrial Coatings Market Size (2024-2030)

The Middle East and Africa Industrial Coatings Market was valued at USD 1.17 billion in 2023 and is projected to reach a market size of USD 1.5 billion by 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 3.6%.

In the Middle East and Africa, industrial coatings are speciality paints made for hard conditions and demanding uses in a range of sectors. These coatings are not your average home paint; rather, they are designed for extraordinary performance and endurance. They are resistant to corrosion, chemicals, normal wear and tear, and even the region's sometimes severe weather. This translates to coatings made for purposes, such as shielding food processing facilities from contamination or oil rigs from seawater. Strong protection for structures and equipment is necessary due to reasons including expanding infrastructure projects, quick industrial expansion, and rising urbanisation, all of which are driving this region's market growth.

Key Market Insights:

• The industrial coatings market in the Middle East and Africa is projected to increase steadily at a compound annual growth rate (CAGR) of 3.6%, from its present value of USD 1.17 billion in 2024 to USD 1.4 billion by 2029.
• Significant infrastructural development throughout the region is the main driver of this expansion. The need for long-lasting coatings to safeguard these buildings grows as nations spend on constructing highways, bridges, and other infrastructure projects.
• In the Middle East and Africa, the automotive, transportation, and industrial industries are flourishing. As a result, there is an increasing requirement for high-performance coatings to safeguard their machinery and goods.
• Another important element is the region's rapid urbanisation. The need for durable coatings to withstand wear and tear on buildings and other structures is growing as cities develop.

Middle East and Africa Industrial Coatings Market Drivers:

The Middle East and Africa's Industrial Boom is Increasing Demand for Specialised Coatings in a Range of Industries

Strong demand for more specialised industrial coatings is being driven by the industrial expansion in the Middle East and Africa. Protecting their goods and machinery becomes more important as the automotive, transportation, and industrial industries grow. Imagine the sweltering sun and sand in auto plants; in these conditions, cars must be protected from intense heat and still look good with high-performance coatings. A distinct problem arises in food processing facilities, where non-toxic coatings are essential to maintaining hygienic standards and preventing contamination. The Middle East and Africa's industrial coatings market is expanding due in large part to the diversity of demands across industries, which range from preserving the sterility of food manufacturing facilities to guaranteeing the durability of cars.

Middle Eastern and African Urban Sprawl Creates a Profitable Market for Durable Industrial Coatings

The Middle East and Africa are seeing a tremendous urbanisation wave, which is driving up demand for durable industrial coatings. As cities grow larger and more expansive, it is important to make sure that structures like bridges and other vital infrastructure last a long time. These buildings are subject to severe weather conditions, air pollution, and general wear and tear associated with crowded locations. In this case, industrial coatings that are designed for extraordinary endurance become essential. Consider a high-rise residential block in Dubai that is subjected to sandstorms and intense sunlight; to protect the outside from erosion and UV damage, specialised coatings are required. Heavy-duty coatings are necessary for congested traffic arteries in Lagos to shield bridges and roadways from ongoing deterioration. The Middle East and Africa are witnessing a substantial growth in the industrial coatings market due to the increasing need for durable protection in urban infrastructure.

Middle East and Africa Industrial Coatings Market Restraints and Challenges:

The industrial coatings industry in the Middle East and Africa has several challenges, despite its potential for expansion. The primary drivers of this sector, infrastructural and industrial projects, might be discouraged by economic instability and currency changes, especially in Africa. Furthermore, certain nations could not have access to the most recent developments in industrial coatings technology, which would impair advantages to the environment and performance. Even good things like more stringent environmental laws might provide difficulties. To comply with these changing regulations, manufacturers must modify their production techniques, which can be expensive and necessitate reformulating already-existing coatings. Furthermore, project timeliness and overall effectiveness may be hampered by a shortage of experienced labour for applying these sophisticated coatings. The worldwide market is dominated by well-established multinational businesses, which makes it difficult for local and regional producers to compete on pricing, brand recognition, and availability of cutting-edge technology.

Middle East and Africa Industrial Coatings Market Opportunities:

Demand for eco-friendly coatings is rising as environmental sustainability becomes more and more of a priority, offering manufacturers who can provide high-performing, sustainable solutions a great opportunity. The region's sustained infrastructure expansion brings opportunities for vendors with expertise in coatings for power plants, bridges, and other buildings. Moreover, keeping up with technological developments in industrial coatings, such as improved durability, resistance to corrosion, and self-cleaning qualities, may be quite beneficial. Additionally, there's a chance to locate and serve specialised markets in the area. Consider creating specialised coatings for offshore constructions that can endure the corrosive environments of the sea or the Sahara Desert. Promoting investment in area manufacturing facilities can serve specific regional requirements, lessen reliance on imports, generate jobs, and advance industrial growth overall. Collaboration between foreign and local enterprises may yield positive outcomes as well, as local players can provide valuable insights into market trends and regional requirements while multinational companies can share their knowledge.

MIDDLE EAST AND AFRICA INDUSTRIAL COATINGS MARKET REPORT COVERAGE:

Middle East and Africa Industrial Coatings Market Segmentation:

Middle East and Africa Industrial Coatings Market Segmentation: By Resin Type:

• Acrylic
• Alkyd
• Polyurethane (PU)
• Epoxy
• Polyester
• Other Resins

Because acrylic coatings are so widely applicable and reasonably priced, they are probably the largest category. Because of the tough climate and environmental constraints in the area, high-performance alternatives like PU and epoxy are viable prospects, as are eco-friendly options like water-borne coatings, which are the fastest-growing. Additional research on segment leadership and growth rates may be obtained from market research companies such as Market Data Forecast or Mordor Intelligence.

Middle East and Africa Industrial Coatings Market Segmentation: By Technology

• Solvent-borne
• Water-borne
• Powder Coatings
• Radiation-cured Coatings
• Other Technologies

Water-borne coatings are expected to increase at the quickest rate, although solvent-borne coatings probably have the most market share in the Middle East and Africa due to their long history of use. Stricter environmental laws and an increased emphasis on sustainability are the main causes of this. But powder coatings are also becoming quite popular because of their strength and environmental friendliness, thus which category is fastest growing may vary on the data source and period. A fuller view of sector leadership and growth rates may be obtained by consulting reputable market research papers from sources like Market Data Forecast or Mordor Intelligence.

Middle East and Africa Industrial Coatings Market Segmentation: By End-User Industry

• Construction
• Oil and Gas
• Automotive and Transportation
• General Industrial
• Wood

Because of the enormous infrastructure development, the Middle East and Africa's industrial coatings industry is probably dominated by the construction sector. Oil and gas, driven by specialised demands, and infrastructure development (excluding oil and gas), pushed by the region's larger building frenzy, are in a close battle to be the fastest-growing industry. Check our market research studies from Mordor Intelligence or Market Data Forecast for a breakdown of segment sizes and growth rates by End-User Industry to end this race and obtain the most accurate picture.

Middle East and Africa Industrial Coatings Market Segmentation: By Region:

• United Arab Emirates
• Saudi Arabi
• South Africa
• Egypt
• Israel
• Qatar
• Nigeria
• Kenya
• Rest of MEA

With their emphasis on oil and gas and their expanding infrastructure projects, Saudi Arabia and the United Arab Emirates are formidable competitors. But there's also a lot of promise in the Rest of the MEA area, which includes a few rapidly industrialising and urbanising nations. With a dominating 25% market share, Saudi Arabia is the market leader in the Middle East and Africa Industrial Coatings Market.

COVID-19 Impact Analysis on the Middle East and Africa Industrial Coatings Market:

The industrial coatings market in the Middle East and Africa was caught off guard by the COVID-19 outbreak. Lockdowns and travel restrictions disrupted supply networks, which resulted in shortages of raw materials and price increases. Moreover, the suspension of industrial operations and infrastructure projects resulted in a sharp decline in the market for coatings. The pandemic-induced economic slowdown resulted in firms cutting costs, which in turn affected industrial and infrastructure projects and decreased investment. This, in turn, decreased demand for coatings. There could be a bright side, though. After the pandemic, there may be a greater emphasis on hygiene, which might increase demand for specialised anti-microbial coatings in industries like food processing and healthcare. The need for industrial coatings is anticipated to increase as infrastructure projects and economies recover. Long-term factors supporting this industry, such industrial growth and urbanisation, are still robust and point to a promising future.

Recent Trends and Developments in the Middle East and Africa Industrial Coatings Market:

The industrial coatings industry in the Middle East and Africa is going through an exciting time of change. As a result of tighter environmental laws, producers are creating bio-based and water-borne coatings and other eco-friendly solutions. High-performance is required due to the region's severe environment and demanding industrial uses, therefore breakthroughs in corrosion resistance, durability, and even self-cleaning qualities should be expected. Technology is also a factor; effective powder coatings and UV coatings with quicker drying times are becoming more popular. Local manufacturing facilities are being pushed to fulfil regional demands and lessen dependency on imports. International and local players are forming strong strategic alliances that capitalise on each other's knowledge and local perspectives. Lastly, digitization is starting to permeate the market, with digital tools simplifying project administration and monitoring and online marketplaces bringing buyers and sellers together.

Key Players:

1. 1. AkzoNobel N.V.
   2. Basco Paints
   3. Jazeera Paints
   4. Jotun
   5. Kansai Paint Co. Ltd.
   6. National Paints Factories Co. Ltd.
   7. PPG Industries, Inc.
   8. The Sherwin-Williams Company