Location
Middle East & Africa Anti-corrosion Coating Market Report Description:
Middle East & Africa Anti-corrosion Coating market report gives comprehensive outlook on Anti-corrosion Coating across the globe with special emphasis on key countries such as Gulf Cooperation Council (GCC) Countries, Israel, South Africa and Rest of MEA. The report on Middle East & Africa market gives historical, current, and future market sizes (US$ Mn) on the basis of Solvent, Binders, Technology, Resin Type, Pigment and region. This report studies Middle East & Africa market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, Middle East & Africa market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed Middle East & Africa market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the Middle East & Africa market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in Middle East & Africa Anti-corrosion Coating products.
The Middle East & Africa Anti-corrosion Coating market estimated to be valued US$ XX Mn in 2018 and poised to grow at significant CAGR over 2019-2025. Modernization of infrastructure, demand for high-efficiency anti-corrosion coatings, increased demand in construction and automotive industries, rapid industrialization in emerging economies and large number of applications in various industries are some of the key factors fostering the market growth. Moreover, growing R&D activities to produce better quality of coatings provides huge growth opportunity for the market. In addition, The Middle East & Africa market is expected to perceive a considerable market growth during the assessment period due to the existence of abundant oil & gas reserves and petrochemical resources.
Growth in Marine Industry
Anti-corrosion coatings are widely used in the marine industry and are regularly used for commercial ships and vessels such as yachts, cruise ships, freight carriers, tows, and boats. These coatings protect hulls and yachts from deterioration or corrosion caused by extremely harsh conditions such as high temperature, varying pressure, high content of salt in water, and organic development caused by moisture. Naval and fleet ownership, commercial shipping, and shipbuilding are the key sectors that will exhibit growth. The marine industry is registering growth and is further likely to grow at a rapid pace. The growing market will drive the demand for anti-corrosion coatings across the globe. The industry will grow at an extraordinary rate because of the involvement of large and growing economies in the world.
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Fluctuating Raw Material Costs
Key raw materials used in the anti-corrosion coatings manufacturing are obtained mainly from petrochemical derivatives such as benzene, toluene, ethylene, and naphthalene, oscillating raw material prices on account of the intermittent rise and fall of crude oil and natural gas prices may hamper anti-corrosion coatings price trends over the forecast timeframe.
South Africa Accounts for Larger Market Revenue Share in Market
South Africa accounted for larger revenue share in Middle East & Africa Anti-corrosion Coating market with considerable CAGR. Government rules and regulations are expected to encourage the utilization of anti-corrosion coatings in several industries. The need for high-quality infrastructure in driving the market in the recent years in this country.
Competition Assessment
Middle East & Africa Anti-corrosion Coating market is surging owing to frequent acquisitions and launchings by the market players. For Instance, AkzoNobel merged with Axalta Coating Systems
Key Findings of the Report:
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Detailed Segmentation
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By Solvent
By Binders
By Technology
By ApplicationÂ
By Resin Type
By Pigment
Geography
Middle East and Africa (MEA)Key Features of the Report:
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Location
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
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