Middle-East and Africa Wood Coatings Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)
The Middle-East and Africa Wood Coatings market size was estimated at over USD 361.10 million in 2021, and the market is projected to register a CAGR of over 2.5% during the forecast period (2022-2027).
The market witnessed a slight decline in early 2020 due to the COVID-19 outbreak, leading to lockdown and delay in the construction of projects and restricted activities. However, after lifting the lockdown, the industries are expected to witness a sharp increase by the mid-forecast period, which may, in turn, drive the demand for teh market studied in the future.
Key HighlightsThe Middle-East and Africa Wood Coatings market is expected d to be partially consolidated in nature. The key players in the market includes National paints factories Co. Ltd., Ritver, AkzoNobel NV, MAS Paints and PPG Industries Inc. among others
Additional Benefits:1 INTRODUCTION 1.1 Study Assumptions 1.2 Scope of the Study 2 RESEARCH METHODOLOGY 3 EXECUTIVE SUMMARY 4 MARKET DYNAMICS 4.1 Drivers 4.1.1 Growing Construction Activities in Middle-East and Africa 4.1.2 Growing Furniture Production 4.2 Restraints 4.2.1 Rising Concern Toward Volatile Material Emission 4.3 Industry Value Chain Analysis 4.4 Porters Five Forces Analysis 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Consumers 4.4.3 Threat of New Entrants 4.4.4 Threat of Substitute Products and Services 4.4.5 Degree of Competition 5 MARKET SEGMENTATION 5.1 Resin Type 5.1.1 Acrylic 5.1.2 Nitrocellulose 5.1.3 Polyurethane 5.1.4 Polyester 5.1.5 Other Resin Types 5.2 Technology 5.2.1 Waterborne 5.2.2 Solvent-borne 5.2.3 UV-cured 5.2.4 Powder 5.3 Application 5.3.1 Furniture and Fixtures 5.3.2 Doors and Windows 5.3.3 Decks and Cabinets 5.3.4 Other Applications (Including Floors and Moulding Products) 5.4 Country 5.4.1 Saudi Arabia 5.4.2 Egypt 5.4.3 Morocco 5.4.4 Nigeria 5.4.5 Algeria 5.4.6 Kenya 5.4.7 Saudi Arabia 5.4.8 United Arab Emirates 5.4.9 Iran 5.4.10 Rest of Middle-East and Africa 6 COMPETITIVE LANDSCAPE 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements 6.2 Market Share(%)/Ranking Analysis** 6.3 Strategies Adopted by Leading Players 6.4 Company Profiles 6.4.1 Akzo Nobel NV 6.4.2 IVM Chemicals SRL 6.4.3 Jotun 6.4.4 Kansai Paint Co. Ltd 6.4.5 KAPCI Coatings 6.4.6 Nippon Paint Holdings Co. Ltd 6.4.7 PPG Industries Inc. 6.4.8 RPM International Inc. 6.4.9 Sherwin Williams 6.4.10 Crown Paints Kenya PLC 6.4.11 National Paints Factories Co. Ltd 6.4.12 Ritver 6.4.13 MAS Paints 6.4.14 Sipes Egypt 7 MARKET OPPORTUNITIES AND FUTURE TRENDS 7.1 Shift toward Water-borne Coatings 7.2 Supportive Government Policies
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