Middle East and Africa Decorative Paints Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Water Based and Solvent Based) and Application (Residential and Non-Residential)

Publication Month: Jul 2021 | Report Code: TIPRE00023457 | No. of Pages: 91 | Category: Chemicals and Materials | Status: Published

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The decorative paints market in Middle East & Africa is expected to grow to US$ 8,021.11 million by 2028 from US$ 5,704.76 million in 2020. The market is estimated to grow at a CAGR of 4.4% from 2020 to 2028.

Sustainability has become significant parameter in the advanced manufacturing set-up industry. The increased focus towards environment along with introduction of improved and sustainable form of materials has often been associated with the growth of the market. In paints industry, the potential use of sustainable and environment friendly form of paints is rising tremendously. This has a positive impact on the demand for decorative paints. The use of lead free and minimal Volatile Emission Control based decorative or architectural paints is rising for commercial and residential application bases. To embrace the rising concept, several manufacturers have entered into eco-friendly polymers which can be used in production of decorative paints business. For instance, manufacturers such as Croda International Plc is involved in providing sustainable ingredients to be deployed in decorative paints so as to promote the trend towards more environmentally friendliness, supported by legislation and consumers. The demand for ecofriendly paints is rising ubiquitously with the growing focus upon enhancing the indoor air quality along with strong durability. The surge in demand for low VOC paints in architectural and decorative paints industry is promoted by rising investment in residential and commercial construction activities with stringent government regulations. Besides low and zero VOC based paints, focus is made to develop paints using natural raw materials such as water, plant based oils, raisins, dyes and essential oils which do not impact environment and human health. Thus, all such trends are expected to promote the growth of the market in region
.

 

South Africa has the largest COVID-19 cases in the Middle East and Africa region, and is followed by UAE and Saudi Arabia among others. UAE was the first country in Middle East and Africa to report a confirmed case of coronavirus. The ongoing pandemic has drastically altered the status of the chemical industry and have negatively impacted the growth of the decorative paints market. The COVID-19 outbreak has distorted operational efficiency and disrupted the value chains due to the sudden closure of national and international boundaries, creating revenue loss and damage. In addition, decorative paints are majorly utilized in construction applications thus halt in such activities due to COVID-19 has greatly affected the market growth. The disruptive value chain had a negative impact on raw material supply, which, in turn, is impacting the growth of the decorative paints market. However, as the economies are planning to revive their operations, the demand for decorative paints is expected to rise globally. Although the focus over just in time production is another concerning factor hindering market growth. With the growing focus over developing economy in post-pandemic times, the demand for decorative paints is expected to take huge leaps due to expanding application bases. Further, positive measures undertaken by government along with distributed generations and incorporation of advanced technology is, yet another factor expected to bolster market growth.

 

With the new features and technologies, companies can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the decorative paints market. The Middle East & Africa decorative paints market is expected to grow at a good CAGR during the forecast period.

 
Middle East & Africa Decorative Paints Market

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Middle East & Africa Decorative Paints Market Segmentation

Middle East & Africa Decorative Paints Market – By Type

  • Water based
  • Solvent based

Middle East & Africa Decorative Paints Market – By Application

  • Residential
  • Non-Residential

Middle East & Africa Decorative Paints Market – By Country

  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

Middle East & Africa Decorative Paints Market – Companies Mentioned

  • Akzo Nobel N.V.                                                     
  • BASF SE                                                                     
  • Dow Inc.                                                                    
  • PPG Industries, Inc.                                                 
  • RPM International, Inc.                                          
  • Axalta Coatings Systems                                        
  • Kansai      
  • Nippon Paint                                                             
  • Asian Paints                                                                                                                                

TABLE OF CONTENTS

1.          Introduction

1.1        Study Scope

1.2        The Insight Partners Research Report Guidance

1.3        Market Segmentation

1.3.1        Decorative Paints Market, by Type

1.3.2        Decorative Paints Market, by Application

1.3.3        Middle East & Africa Decorative Paints Market, by Country

2.          Key Takeaways

3.          Research Methodology

3.1        Scope of the Study

3.2        Research Methodology

3.2.1        Data Collection:

3.2.2        Primary Interviews:

3.2.3        Hypothesis formulation:

3.2.4        Macro-economic factor analysis:

3.2.5        Developing base number:

3.2.6        Data Triangulation:

3.2.7        Country level data:

4.          Middle East and Africa Decorative Paints – Market Landscape

4.1        Market Overview

4.2        PEST Analysis

4.3        Expert Opinion

5.          Middle East and Africa Decorative Paints Market – Key Market Dynamics

5.1        Drivers

5.1.1        Progress in the Construction Industry

5.1.2        Raising Demand of Water based Paints

5.2        Market Restraints

5.2.1        Hap-hazardous Effects of Lead in Paints along with Higher cost of Raw Material

5.3        Market Opportunities:

5.3.1        Up-surging focus over sustainability

5.4        Future Trends:

5.4.1        Technological Evolution along with New Product Development

5.5        Impact Analysis of Drivers and Restraints

6.          Middle East and Africa Decorative Paints – Market Analysis

6.1        Decorative Paints Market Overview

6.2        MEA: Decorative Paints Market – Revenue and Forecast to 2028 (US$ Million)

7.          Middle East & Africa Decorative Paints Market Analysis – By Type

7.1        Overview

7.1.1        Middle East & Africa: Decorative Paints Market, by Type

7.2        Water Based Decorative Paints

7.2.1        Overview

7.2.2        Water Based Decorative Paints: Decorative Paints Market – Revenue, and Forecast to 2028 (US$ Million)

7.3        Solvent Based Decorative Paints

7.3.1        Overview

7.3.2        Solvent Based Decorative Paints: Decorative Paints Market – Revenue, and Forecast to 2028 (US$ Million)

8.          Middle East & Africa Decorative Paints Market Analysis – By Application

8.1        Overview

8.1.1        Middle East & Africa: Decorative Paints Market, by Application

8.2        Residential

8.2.1        Overview

8.2.2        Residential: Decorative Paints Market – Revenue, and Forecast to 2028 (US$ Million)

8.3        Non-Residential

8.3.1        Overview

8.3.2        Non-Residential: Decorative Paints Market – Revenue, and Forecast to 2028 (US$ Million)

9.          Middle East and Africa Decorative Paints Market Analysis – Country Analysis

9.1        Overview

9.1.1        Middle East and Africa: Decorative Paints Market, by Key Country

9.1.1.1          South Africa: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1          South Africa: Decorative Paints Market, by Type

9.1.1.1.2          South Africa: Decorative Paints Market, by Application

9.1.1.2          Saudi Arabia: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1          Saudi Arabia: Decorative Paints Market, by Type

9.1.1.2.2          Saudi Arabia: Decorative Paints Market, by Application

9.1.1.3          UAE: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1          UAE: Decorative Paints Market, by Type

9.1.1.3.2          UAE: Decorative Paints Market, by Application

9.1.1.4          Rest of MEA: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Mn)

9.1.1.4.1          Rest of MEA: Decorative Paints Market, by Type

9.1.1.4.2          Rest of MEA: Decorative Paints Market, by Application

10.       Impact of COVID-19 Pandemic on Middle East & Africa Decorative Paints Market

10.1      Impact of COVID-19 on Decorative Paints Market

11.       Company Profiles

11.1      Akzo Nobel N.V.

11.1.1     Key Facts

11.1.2     Business Description

11.1.3     Products and Services

11.1.4     Financial Overview

11.1.5     SWOT Analysis

11.2      BASF SE

11.2.1     Key Facts

11.2.2     Business Description

11.2.3     Products and Services

11.2.4     Financial Overview

11.2.5     SWOT Analysis

11.3      Dow Inc.

11.3.1     Key Facts

11.3.2     Business Description

11.3.3     Products and Services

11.3.4     Financial Overview

11.3.5     SWOT Analysis

11.4      PPG Industries, Inc.

11.4.1     Key Facts

11.4.2     Business Description

11.4.3     Products and Services

11.4.4     Financial Overview

11.4.5     SWOT Analysis

11.5      RPM International, Inc.

11.5.1     Key Facts

11.5.2     Business Description

11.5.3     Products and Services

11.5.4     Financial Overview

11.5.5     SWOT Analysis

11.6      Axalta Coatings Systems

11.6.1     Key Facts

11.6.2     Business Description

11.6.3     Products and Services

11.6.4     Financial Overview

11.6.5     SWOT Analysis

11.6.6     Key Developments

11.7      Nippon Paint

11.7.1     Key Facts

11.7.2     Business Description

11.7.3     Products and Services

11.7.4     Financial Overview

11.7.5     SWOT Analysis

11.7.6     Key Developments

11.8      Asian Paints

11.8.1     Key Facts

11.8.2     Business Description

11.8.3     Products and Services

11.8.4     Financial Overview

11.8.5     SWOT Analysis

11.8.6     Key Developments

11.9      Kansai

11.9.1     Key Facts

11.9.2     Business Description

11.9.3     Products and Services

11.9.4     Financial Overview

11.9.5     SWOT Analysis

11.9.6     Key Developments

12.       Appendix

12.1      About The Insight Partners

12.2      Glossary of Terms

LIST OF TABLES

Table 1.            South Africa Decorative Paints Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 2.            South Africa Decorative Paints Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 3.            Saudi Arabia Decorative Paints Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 4.            Saudi Arabia Decorative Paints Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 5.            UAE Decorative Paints Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 6.            UAE Decorative Paints Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 7.            Rest of MEA Decorative Paints Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 8.            Rest of MEA Decorative Paints Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 9.            Glossary of Terms, Middle East and Africa Decorative Paints Market

LIST OF FIGURES

Figure 1.           Middle East & Africa Decorative Paints Market Segmentation

Figure 2.           Middle East & Africa Decorative Paints Market Segmentation – By Country

Figure 3.           Middle East & Africa Decorative Paints Market Overview

Figure 4.           Residential Segment Held Largest Share of Middle East & Africa Decorative Paints Market

Figure 5.           Rest of MEA Region Held Largest Share of Middle East & Africa Decorative Paints Market

Figure 6.           Middle East & Africa Decorative Paints Market, Industry Landscape

Figure 7.           MEA: PEST Analysis

Figure 8.           Expert Opinion

Figure 9.           Decorative Paints Market Impact Analysis of Drivers and Restraints

Figure 10.        MEA: Decorative Paints Market – Revenue and Forecast to 2028 (US$ Million)

Figure 11.        Middle East & Africa: Decorative Paints Market Revenue Share, by Type (2019 and 2028)

Figure 12.        Water Based Decorative Paints: Decorative Paints Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 13.        Solvent Based Decorative Paints: Decorative Paints Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 14.        Middle East & Africa: Decorative Paints Market Revenue Share, by Application (2019 and 2028)

Figure 15.        Residential: Decorative Paints Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 16.        Non-Residential: Decorative Paints Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 17.        Geographic Overview of Middle East and Africa Decorative Paints Market

Figure 18.        Middle East and Africa: Decorative Paints Market Revenue Share, by Key Country (2019 and 2028)

Figure 19.        South Africa: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Million)

Figure 20.        Saudi Arabia: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Million)

Figure 21.        UAE: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Million)

Figure 22.        Rest of MEA: Decorative Paints Market –Revenue and Forecast to 2028 (US$ Million)

Figure 23.        Impact of COVID-19 Pandemic in Middle East and Africa Country Markets

  1. Akzo Nobel N.V.                                                     
  2. BASF SE                                                                     
  3. Dow Inc.                                                                   
  4. PPG Industries, Inc.                                                 
  5. RPM International, Inc.                                          
  6. Axalta Coatings Systems                                         
  7. Kansai     
  8. Nippon Paint                                                             
  9. Asian Paints                  
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Middle East & Africa decorative paints market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in Middle East & Africa decorative paints market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the decorative paints market as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution  
TIPRE00023457
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