Middle East and Africa Powder Coatings Market, By Resin Type (Thermoset, Thermoplastic), Coatings Method (Electrostatic Spray, Fluidized Bed, Others), Substrate (Metallic, Non-Metallic), End-Use Industry (Aerospace, Appliances, Automotive, General Industrial, Architectural, Buildings and Construction, Energy, Marine, Oil and Gas, Furniture, Others), Country (U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Middle East and Africa Powder Coatings Market
Data Bridge Market Research analyses that the powder coatings market will witness a CAGR of 4.13% for the forecast period of 2022-2029.
Powder coating protects the machinery and even the household items against the external harmful factors. It provides a more sturdy finish than liquid paints can offer coupled with providing a beautiful finish.
The increased consumer spending, rising per capita income and advancement in the technology are the major factors accelerating the growth of the powder coatings market in the forecast period of 2022-2029. Socio-economic development alongside rising number of housing subsidies will positively impact the architectural and ornamental sector, indirectly supporting the powder coatings industry growth. Furthermore, rising building and construction activities in the developing economies is also expected to drive the growth of the powder coatings market in the forecast period of 2022-2029. However, dearth of awareness in the backward areas will restrain the growth of the powder coatings market. Also, stringent environmental regulations coupled with increasing focus on the meeting state and local regulations regarding wastewater discharge will challenge market growth in the above mentioned forecast period.
In addition, higher utilization rate as compared to the liquid forms will create ample opportunities for the powder coatings market in the above mentioned forecast period.
This powder coatings market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on powder coatings market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Middle East and Africa Powder Coatings Market Scope and Market Size
The powder coatings market is segmented on the basis of resin type, coatings method, substrate and end use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- Based on resin type, the powder coatings market is segmented into thermoset and thermoplastic.
- Based on coatings method, the powder coatings market is segmented into electrostatic spray, fluidized bed and others.
- Based on substrate, the powder coatings market is segmented into metallic and non-metallic.
- Based on end-use industry, the powder coatings market is segmented into aerospace, appliances, automotive, general industrial, architectural, buildings and construction, energy, marine, oil and gas, furniture and others.
Powder Coatings Market Country Level Analysis
The powder coatings market is analysed and market size, volume information is provided by country, resin type, coatings method, substrate and end use industry as referenced above.
The countries covered in the powder coatings market report are U.A.E, Saudi Arabia, Egypt, South Africa, Israel and Rest of Middle East and Africa.
U.A.E dominates the Middle East and Africa powder coatings market as the government has implemented plans for the development of social infrastructure. Also, high demand from the transportation, energy and utility and construction industries, increasing technological advancements, growth of stringent environment regulations and rising personal disposable income are driving the market.
The country section of the powder coatings market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Powder Coatings Market Share Analysis
The powder coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to powder coatings market.
Some of the major players operating in the powder coatings market are Asian Paints, Jotun, Evonik Industries AG, PPG Industries, Inc., Valspar Corporation, RPM International, Inc., The Sherwin-Williams Company, Akzo Nobel N.V., DSM, Arkema, DuPont, , TCI Powder, Kansai Paint Co., Ltd, and Axalta Coatings System LLC among others.
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