PAINT MANUFACTURERS MIDDLE EAST
MIDDLE-EAST PAINTS AND COATINGS MARKET – GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS (2022 – 2027)
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PAINT MANUFACTURERS MIDDLE EAST-The Middle-East Paints and Coatings Market is Segmented by Resin Type (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Other Resin Types), Technology (Water-borne, Solvent-borne, Radiation Cure, and Other Technologies), End-user Industry (Architectural, Automotive, Wood, General Industrial Coating, Transportation, and Other End-user Industries), and Geography (Saudi Arabia, Qatar, Kuwait, UAE, Iran, Iraq, Oman, Bahrain, and Rest of the Middle-East). The report offers size and forecasts for all the above segments in revenue (USD million).
Market Overview
The Middle-East paints and coatings market was estimated to be valued at over USD 3 billion in 2021, and the market is projected to register a CAGR of over 3% during the forecast period 2022-2027. Paints and coatings are used in construction, automobile and transportation, and the wood industry. They play an important role in the building and construction industry, as they are utilized to protect structures from natural elements. In 2021, the market developed because of an increase in infrastructural items in various nations across the region. Over the following years, the industry is expected to grow as governments increase public investments to fund new projects. · Over the short term, construction of hotels and restaurants, re-painting historic hotels, and maintaining architectural and ornamental infrastructure (to attract visitors) are likely to strengthen the market studied. · The growing demand for eco-friendly products is expected to offer various opportunities for the market’s growth over the forecast period. · These concerns have encouraged the emergence of bio-based paints and coatings, which are eco-friendly.
PAINT MANUFACTURERS MIDDLE EAST-Scope of the Report
The market is segmented by resin type, technologies, end-user industries, and geography. By resin type, the market is segmented into acrylic, alkyd, polyurethane, epoxy, polyester, and other resin types. By technology, the market is segmented into water-borne, solvent-borne, radiation cure, and other technologies. By end-user industry, the market is segmented into architectural, automotive, wood, industrial, transportation, and packaging. The report also covers the size and forecasts for the Middle-East paints and coatings market in major countries across the region. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million). Read More………. https://www.mordorintelligence.com/industry-reports/middle-east-paints-and-coatings-market
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