Iraq Paints and Coatings Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Iraq paints and coatings market was valued at USD 222.36 million in 2021, and it is projected to witness a CAGR of greater than 3.7% during the forecast period (2022-2027).
The primary factor driving the market studied is the increasing investments in the oil and gas and construction sectors. The fluctuation of oil and raw materials prices, political insecurity, and the outbreak of COVID-19 are likely to hinder the market's growth.
Key HighlightsThe Iraq paints and coatings market is majorly dominated by international players like Mido Coatings, Berger Paints, Akzo Nobel, Asia Paints Company, Mido Coatings, Hempel, etc., along with the only major local player Al-Tabieaa Company. Al-Tabieaa Company is the leading player in the market studied, with an extensive product portfolio of coatings in the architectural, wood finishes, and industrial segments.
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