Middle East & Africa Paints And Coatings Market Size, Share, Growth, Trends, And Industry Report: By Component, By Formulation, By Resin Type, By Application, and Country Forecast 2020-2031.
Middle East & Africa Paints and Coatings Market size was valued at US$ 14,087.7 million in 2024 and is expected to reach US$ 19,043.4 million by 2031, growing at a significant CAGR of 4.4% from 2025-2031. The market report gives a comprehensive outlook on Paints and Coatings across the globe with special emphasis on key regions such as Gulf Cooperation Council (GCC) Countries, Israel, South Africa, and the Rest of MEA. The market report gives historical, current, and future market sizes (US$ Mn) on the basis of component, formulation, resin type, application, and region. This report studies market dynamics elaborately to identify the current trends & drivers, future opportunities, and possible challenges to the key stakeholders operating in the market. market report includes human demographics; regulatory scenario, and competition analysis with a vividly illustrated competition dashboard to assess the market competition.
Moreover, PBI analyzed the 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 market report include suppliers, manufacturers, marketers, policymakers, and healthcare service providers engaged in Middle East & Africa Paints and Coatings products. The Middle Eastern countries are known for their high-rise buildings and architecture. The regional market has bolstered construction activities for hotel buildings and infrastructural activities for tourism. With the increase in construction of hotels and restaurants, re-paints of old hotels and maintenance of architectural and decorative infrastructure (to attract tourists), the market studied is expected to grow.
The Middle Eastern countries are known for their high-rise buildings and architecture. The regional market has bolstered constructional activities for hotel buildings and infrastructural activities for tourism. With the increase in construction of hotels and restaurants, re-paints of old hotels and maintenance of architectural and decorative infrastructure (to attract the tourists), the market studied is expected to grow.
South Africa accounted for larger revenue share in market with considerable CAGR. The South African construction industry has a positive outlook. The rise in demand for housing and growth in new residents in urban areas have increased; the governments national infrastructural plan is supporting this growth with new projects in the coming future.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Market Size in 2024 |
US$ 14,087.7 million |
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Market Size in 2031 |
US$ 19,043.4 million |
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By Formulation |
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By Component |
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By Resin |
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By Application |
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The Middle East & Africa paints and coatings market size was valued at US$ 14,087.7 million in 2024 and is expected to reach US$ 19,043.4 million by 2031, growing at a significant CAGR of 4.4% from 2025-2031
The market report data: (GCC Countries, South Africa Rest of MEA)
The market key players are: AkzoNobel N.V. (Netherlands) Axalta Coating Systems LLC (United States) BASF S.E. (Germany) Jotun Group (Norway) Kansai Paint Co. Ltd. (Japan) Nippon Paint Holdings Co. Ltd. (Japan) PPG Industries (United States) RPM International Inc. (United States) Sherwin-Williams (United States)
| 1.Executive Summary |
| 2.Global Middle East & Africa Paints and Coatings Market Introduction |
| 2.1.Global Middle East & Africa Paints and Coatings Market - Taxonomy |
| 2.2.Global Middle East & Africa Paints and Coatings Market - Definitions |
| 2.2.1.Formulation |
| 2.2.2.Component |
| 2.2.3.Resin |
| 2.2.4.Application |
| 3.Global Middle East & Africa Paints and Coatings Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Middle East & Africa Paints and Coatings Market Analysis, 2020 - 2024 and Forecast 2025 - 2031 |
| 4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Middle East & Africa Paints and Coatings Market By Formulation, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 5.1. Water Borne |
| 5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Solvent Borne |
| 5.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Powder Based |
| 5.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. High Solids |
| 5.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Other Formulations |
| 5.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6.Global Middle East & Africa Paints and Coatings Market By Component, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 6.1. One Component |
| 6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Two Component |
| 6.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Other Components |
| 6.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7.Global Middle East & Africa Paints and Coatings Market By Resin, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 7.1. Alkyd |
| 7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Epoxy |
| 7.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Acrylic |
| 7.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Polyurethane |
| 7.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Polyester |
| 7.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Vinyl |
| 7.6.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.6.3. Market Opportunity Analysis |
| 7.7. Other Resins |
| 7.7.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.7.3. Market Opportunity Analysis |
| 8.Global Middle East & Africa Paints and Coatings Market By Application, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 8.1. Architectural Application |
| 8.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Industrial Application |
| 8.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 9.Middle East and Africa (MEA) Middle East & Africa Paints and Coatings Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 9.1. Formulation Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Water Borne |
| 9.1.2.Solvent Borne |
| 9.1.3.Powder Based |
| 9.1.4.High Solids |
| 9.1.5.Other Formulations |
| 9.2. Component Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.One Component |
| 9.2.2.Two Component |
| 9.2.3.Other Components |
| 9.3. Resin Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Alkyd |
| 9.3.2.Epoxy |
| 9.3.3.Acrylic |
| 9.3.4.Polyurethane |
| 9.3.5.Polyester |
| 9.3.6.Vinyl |
| 9.3.7.Other Resins |
| 9.4. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.Architectural Application |
| 9.4.2.Industrial Application |
| 10. Competition Landscape |
| 10.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 10.2.1.AkzoNobel N.V. (Netherlands) |
| 10.2.2.Axalta Coating Systems LLC (United States) |
| 10.2.3.BASF S.E. (Germany) |
| 10.2.4.Jotun Group (Norway) |
| 10.2.5.Kansai Paint Co. Ltd. (Japan) |
| 10.2.6.Nippon Paint Holdings Co. Ltd. (Japan) |
| 10.2.7.PPG Industries (United States) |
| 10.2.8.RPM International Inc. (United States) |
| 10.2.9.Sherwin-Williams (United States) |
| 11. Research Methodology |
| 12. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.
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