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Middle East & Africa Solvent Borne Coatings Market Research Report, 2028

Middle East & Africa Solvent Borne Coatings Market Research Report, 2028

Actual Market Research 15-06-2023 90 Pages Figures : 12 Tables : 15 Region : MEA Category : Chemical & Material Chemical

1. Asian Paints Limited

2. 3M Company

3. Sika AG

4. Basf SE

5. Arkema S.A.

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The Middle East and Africa region boasts a vibrant and dynamic solvent-borne coating industry that plays a pivotal role in various sectors. This industry thrives on a rich heritage of innovation and craftsmanship, coupled with a deep understanding of the region's unique environmental conditions and diverse industrial requirements. With a perfect blend of tradition and modernity, the Middle East and Africa solvent-borne coating industry offers a wide range of high-quality coatings designed to meet the demanding needs of construction, automotive, oil and gas, infrastructure, and other key sectors. The region's strategic location, abundant natural resources, and rapid economic development have positioned it as a hub for both local and international players in the solvent-borne coating market. Companies in this industry continually push the boundaries of technological advancements, delivering coatings that excel in performance, durability, and aesthetics. The Middle East and Africa solvent-borne coating industry stands as a testament to the region's commitment to excellence, innovation, and sustainability, serving as a catalyst for growth and transformation across various sectors and contributing to the overall development and prosperity of the region. The Middle East and Africa solvent-borne coating market is witnessing several technological trends that are shaping the industry and driving innovation. These trends reflect the region's commitment to embracing advanced coating technologies and meeting evolving market demands. Nanotechnology is making an impact in the Middle East and Africa's solvent-borne coating business. Nanomaterial are being used by manufacturers to improve coating qualities such as scratch resistance, corrosion resistance, and self-cleaning capabilities. Furthermore, smart coatings that may respond to environmental stimuli such as temperature or moisture are gaining appeal. These coatings have advanced features such as self-healing, anti-fouling, and antibacterial qualities. The region's diverse industrial landscape necessitates specialised coatings for specific applications. For instance, there is a growing demand for coatings designed to protect infrastructure against corrosion and chemical attacks in the oil and gas sector. Additionally, coatings with fire-retardant properties are in high demand for building and construction projects. Manufacturers are developing tailored solutions to cater to these unique requirements and ensure optimum performance and longevity. According to the research report "Middle East and Africa Solvent Born Coating Market Research Report, 2028," published by Actual Market Research, the Middle East and Africa Solvent Born Coating market is anticipated to reach a USD 4.32 Billion market size by the end of the forecast period. The Middle East and Africa region is witnessing robust infrastructure development across sectors such as transportation, energy, utilities, and commercial construction. This surge in construction activities has created a higher demand for solvent-borne coatings for protective and decorative purposes, driving market growth. The Middle East and Africa solvent-borne coating market has benefited from advancements in coating technologies. Manufacturers are incorporating innovative solutions such as nanotechnology, self-cleaning coatings, and smart coatings to meet specific customer requirements. These technological advancements have expanded the range of applications and increased the appeal of solvent-borne coatings on the market. The Middle East and Africa region is home to various industries, including oil and gas, petrochemicals, manufacturing, and automotive. These industries often require solvent-borne coatings for corrosion protection, fire resistance, and chemical resistance. The expansion of these industries contributes to the increased demand for solvent-borne coatings. Based on the types, the segment includes the one-component and two-component systems of solvent-borne coating. Depending on the application, both one-component and two-component systems are employed in the solvent-borne coating market. It is crucial to note, however, that the use of either system can vary depending on parameters such as substrate type, coating performance requirements, and application method. There is a growing demand for one-component solvent-borne coatings with reduced VOC (volatile organic compound) content. Manufacturers are developing low-VOC and even VOC-free formulations to meet stricter environmental regulations and address health and safety concerns. Efforts are being made to optimise the application process of two-component solvent-borne coatings. This includes the development of user-friendly mixing and dispensing systems, improved pot-life stability, and better application equipment to enhance efficiency and reduce waste. The Middle East and Africa (MEA) region has various rules and regulations governing the solvent-borne coating market. VOC emissions limits are Volatile organic compounds (VOCs) are a significant concern in the coating industry due to their potential adverse effects on air quality and human health. Many countries in the MEA region have set limits on VOC emissions from solvent-borne coatings. These limits restrict the maximum permissible VOC content in coatings, promoting the use of low-VOC or VOC-free formulations. The MEA region has regulations in place to ensure the health and safety of workers involved in the production, handling, and application of solvent-borne coatings. These regulations may include guidelines for personal protective equipment, handling and storage procedures, ventilation requirements, and training programmes to minimise the risks associated with hazardous chemicals. Furthermore, proper labelling of solvent-borne coatings is crucial to providing clear information about their composition, potential hazards, and safe handling practises. Regulations in the MEA region require manufacturers to label their products in accordance with international standards and provide safety data sheets (SDS) that detail the coating's properties, handling precautions, and emergency response procedures. As well, some countries in the MEA region have product registration and certification requirements for solvent-borne coatings. Manufacturers may need to register their products with relevant authorities, provide documentation demonstrating compliance with local regulations, and obtain certifications or approvals before marketing and selling their coatings in the market. Based on the application types segment, automotive solvent-borne coatings, industrial solvent-borne coatings, and printing inks In the Middle East and Africa, the industrial sector is using more solvent-borne coatings due to their excellent protective properties, such as corrosion resistance, chemical resistance, and durability. These coatings are used in various industrial applications to protect equipment, machinery, structures, and surfaces from harsh environmental conditions, corrosive substances, and wear and tear. The industrial sector in the MEA region relies on heavy machinery and equipment for various operations. Solvent coatings are commonly used to protect and extend the lifespan of these assets, enhancing their performance and reducing maintenance costs. Based on the industry vertical, this includes utilities, the oil and gas industry, the manufacturing industry, hospitals, and other industry verticals. The MEA region is home to a thriving oil and gas industry, which demands robust coatings for pipelines, storage tanks, offshore platforms, and other infrastructure. Solvent coatings are preferred in this sector due to their excellent adhesion, corrosion resistance, and resistance to hydrocarbon exposure. Furthermore, the construction sector in the MEA region utilises solvent-borne coatings for infrastructure projects, including buildings, bridges, highways, and airports. These coatings offer protection against weathering, corrosion, and chemical exposure, ensuring the longevity and aesthetic appeal of structures. The Middle East and Africa (MEA) region has several associations and organisations dedicated to the solvent-borne coating industry. These associations play a vital role in promoting industry standards, knowledge exchange, and networking opportunities. Some notable associations in the MEA region include The Middle East Coatings Society (MECS) is a regional association based in Dubai, United Arab Emirates, focused on promoting and advancing the coatings industry in the Middle East. It organises conferences, seminars, and exhibitions to facilitate networking and knowledge sharing among industry professionals. The South African Paint Manufacturers Association (SAPMA) represents paint and coating manufacturers in South Africa and provides a platform for industry collaboration, education, and advocacy. It works closely with government bodies, regulatory agencies, and other industry stakeholders to ensure compliance and promote sustainable practises. The Paints and Coatings Manufacturers Association of Nigeria (PACMAN) is an association that represents the interests of paint and coatings manufacturers in Nigeria. It promotes quality standards, sustainable practises, and industry development through training programmes, seminars, and exhibitions. Furthermore, Coatings Group MENA is an organisation that focuses on the coatings industry in the Middle East and North Africa. It organises industry conferences, exhibitions, and networking events to facilitate business opportunities and knowledge exchange among professionals in the region. Coating show: • 19 - 21 JUNE 2023, Egypt International Exhibition Center, Cairo, With 13 successful editions in Cairo, Middle East Coatings Show Egypt has established itself as the only dedicated event for connecting the coatings industry in Egypt. For three days, the trade exhibition facilitates serious business and networking opportunities for the coatings community. • The 30th edition of the Middle East Coatings Show Dubai, the longest running and largest gathering for the coatings community in the Middle East, will take place from 15-17 April 2024 at the Dubai World Trade Centre. The 30th edition of the Middle East Coatings Show in 2024 will bring together 4,000+ coatings industry professionals from 80+ countries, featuring more than 200 exhibiting brands from over 25 countries. • 19 - 21 JUNE 2024, Sandton Convention Center Johannesburg, South Africa. Interest in Africa’s emerging coatings markets is well-established and South Africa is among the largest and most influential of these markets. Producing around 324,000 litres of paint per year, with a value of approximately US$947M, the country’s thriving paint industry is home to around 320 coatings manufacturers and is dominated by the decorative paint segment, although it is also an attractive market for the automotive and architectural coatings industries. Considered in this report • Geography: Middle East and Africa • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Middle East and Africa Solvent Born Coating market with its value and forecast along with its segments • On-going trends and developments • Top profiled companies • Strategic recommendation Countries covered in the report: • UAE • Saudi Arabia • South Africa By Type: • One Component System Solvent Borne Coating • Two Component System Solvent Borne Coating By Application: • Automotive Solvent Borne Coatings, • Industrial Solvent Borne Coatings, • Printing Inks By Industry Vertical: • Utilities, • Oil & Gas Industry, • Manufacturing Industry, • Hospitals, • Other Industry Verticals The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Smart Lighting industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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