Middle East & Africa High Temperature Coatings Market Report Description: Middle East & Africa High Temperature Coatings market report gives comprehensive outlook on High Temperature Coatings 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 High Temperature Coatings market gives historical, current, and future market sizes (US$ Mn) on the basis of Coating Technology, Resin Type, End User and region. This report studies Middle East & Africa High Temperature Coatings 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 High Temperature Coatings market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. The report also includes the total revenue and volume of each segment of the market. Moreover, PBI analyzed Middle East & Africa High Temperature Coatings 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 High Temperature Coatings market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in Middle East & Africa High Temperature Coatings products. Middle East & Africa High Temperature Coatings Market: The Middle East & Africa High Temperature Coatings market estimated to be valued US$ XX Mn in 2018 and poised to grow at significant CAGR over 2019-2025. Some of the key factors that are responsible for market growth include increasing demand for high temperature coatings in developing countries, rising application of these coatings in automotive, technological improvements and substantial R&D spending. In addition, the opportunities for the high temperature coatings industry are leveraging technology requirements and rules in higher value sectors and targeting current as well as possible markets where high temperature coatings can be used. Moreover, the Middle East & Africa is anticipated to witness a higher growth in the market due to increasing demand for high temperature coatings in oil & gas, petrochemical, energy and aviation sectors. Hence, market in countries of the Middle East and Africa are growing. Increasing Demand for Water-Borne High-Temperature Coatings There is a growing demand for water-borne high-temperature coatings chiefly due to their compliance with severe VOC emission control guidelines. The water-borne high-temperature coatings emit low levels of VOC and other hazardous air pollutants (HAPs). Furthermore, they provide better aesthetics and longer lifespan. In water-borne coatings, water is used to disperse the resin. This makes them environment-friendly and easy to apply. They generally contain 80% water, and the rest is composed of solvents such as glycol ethers. The manufacturers of water-borne high-temperature coatings are required to adhere to regulatory bodies in the US and Europe. As per the strict guidelines, water-borne coatings should only have VOC content less than 3.5 pounds per gallon of water. The increasing demand for acrylic based water-borne coatings is additional key trend in the market as they provide better performance, easy handling, and low VOC emission. The increase in the popularity of this product is due to certain advantages such as excellent aesthetic maintenance, high processability, and better productivity. The increasing popularity and demand for water-borne high-temperature coatings will present immense growth opportunities for the Middle East & Africa high-temperature coatings market Volatility in Raw Material Prices The restraints for the market include volatility in raw material prices and legislations curbing the use of hazardous chemicals. Epoxy, acrylic, Polyethersulfone, Polyester, and Alkydare some of the raw materials. Most of these raw materials are the downstream/byproducts of crude oil. Hence, high crude oil prices are expected to affect the prices of these raw materials. South Africa Accounts for Larger Market Revenue Share in Middle East & Africa High Temperature Coatings Market South Africa accounted for larger revenue share in Middle East & Africa High Temperature Coatings market with considerable CAGR. Africa are consolidated regions for oil and gas and petrochemicals. A return to political stability is having crucial advantage in the growth of the HTC market. Competition Assessment Key playerâ€™s profiles in the Middle East & Africa High Temperature Coatings market include:
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.
Table of Content
The above mentioned segmentation is tentative; it is changed according to clientâ€™s requirement, or research feasibility.