Market by Product Type, Coat Type, Vehicle Type, End-users, and Country | Forecast 2022-2028
Triton Market Research’s report insinuates that the Middle East and Africa automotive paints and coatings market is likely to register a CAGR of 5.06% over the forecasted years 2022-2028.
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The
countries studied in this region include:
•
United Arab Emirates
•
Saudi Arabia
•
Turkey
•
South Africa
•
Rest of Middle East & Africa
In the Middle East and Africa, Turkey
has a hold over the majority of the market share. The automotive sector is led by
countries such as Iran, Turkey, Saudi Arabia, and Israel in the region. Saudi
Arabia, for instance, has the highest sales of commercial vehicles. The
proactive government policies in support of the automotive sector have surged
the demand for automotive paints and coatings. Besides, the growing investments
by topmost automobile manufacturers in Africa drive the automotive paints and
coatings market’s development on a large scale.
Turkey
is a major production and engineering center for the global automotive
industry. As per the Automotive Distributors Association statistics, sales of
passenger and light commercial vehicles have surged significantly over the past
few years. Besides, the country hosts various automotive giants, including Daimler
AG, Fiat, Ford, and Toyota. The country has over nine research and development
facilities that support domestic and international operations. Therefore, the
increasing sale of passenger and light commercial vehicles contributes to the growth
of the automotive paints and coatings market.
Similarly,
Saudi Arabia hosts the largest new car sales and auto parts market in the
region, accounting for almost 40% of all automobiles sold in the region.
Further, the country imports various automobiles, including passenger, light
trucks, and commercial vehicles. The country’s Vision 2030 also emphasizes the
growth of consumer product trade, presenting opportunities for the automotive
industry. Thus, these factors are expected to open new avenues for the
automotive paints and coatings market.
Passenger
vehicles are manufactured to transport people, having no more than eight seats.
Companies like Berger Paints and KCC Corporation offer automotive paints for
passenger cars. Here, acrylic paint is among the widely used paints for
passenger cars. The market’s revenue is
examined based on passenger type, coat type, vehicle type, and end-users.
The passenger type segment is divided into passenger, light commercial, and
heavy commercial vehicles.
The
well-known companies in the market comprise Kapci Coatings, Red Spot Paint, RPM
International Inc, Sherwin Williams, National Paints Factories Inc, and KCC
Corporation.
Sherwin
Williams is involved in the manufacturing and distributing of paints, coatings,
and related products to industrial, commercial, and retail customers. Its
business segments include consumer brands group and performance coatings group.
The performance coatings group provides coatings for wood finishing, automotive
refinish products, and performance-based resins, among others. Sherwin Williams
has operations across multiple regions, including the Middle East and Africa.
Key deliverables of the report:
· Market CAGR during the forecasting
years 2022-2028
· Detailed data highlighting key
insights, industry components, and market strategies
· Comprehensive information and
estimation of the automotive paints and coatings market revenue growth in the
Middle East and Africa and its influence on the parent market
· In-depth study of forthcoming trends
in consumer behavioral patterns
· A meticulous analysis of the
competitive landscape, vendor scorecard, and Porter’s Five Forces
· A wide-ranging study of factors that
will challenge the Middle East and Africa automotive paints and coatings
market’s growth during the upcoming years
Want
to get specific insights? Our team of analysts can customize this report based
on your preferences. Connect with us here.
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VIEW REPORT1. MIDDLE
EAST AND AFRICA AUTOMOTIVE PAINTS AND COATINGS MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON AUTOMOTIVE PAINTS AND COATINGS MARKET
2.2. KEY
INSIGHTS
2.2.1. INTRODUCTION
OF NEW COLORS FOR CAR EXTERIORS
2.2.2. NEW
RESIN AND ADDITIVE TECHNOLOGIES DEVELOPMENT METHODS
2.2.3. SHIFTING
PREFERENCES IN CAR COLORS
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. KEY
MARKET STRATEGIES
2.6.1. MERGERS
& ACQUISITIONS
2.6.2. CONTRACTS
& AGREEMENTS
2.6.3. EXPANSIONS
2.7. MARKET
DRIVERS
2.7.1. TECHNOLOGICAL
INNOVATIONS IN METALLIC PIGMENTS
2.7.2. GROWING
DEMAND FOR SANITARY CAR INTERIORS
2.7.3. STRONG
GOVERNMENT ASSISTANCE
2.7.4. INCREASED
DEMAND FOR PASSENGER VEHICLES
2.8. MARKET
CHALLENGES
2.8.1. ELEVATED
COATINGS COSTS AND RAW MATERIAL SHORTFALLS
2.8.2. REGULATIONS
AND FORMULATOR REGISTRATION REQUIREMENTS
2.9. MARKET
OPPORTUNITIES
2.9.1. NEW
DEVELOPMENTS IN COATINGS
2.9.2. SPECIALLY
DESIGNED COATINGS FOR ELECTRIC VEHICLES
3. MIDDLE
EAST AND AFRICA AUTOMOTIVE PAINTS AND COATINGS MARKET OUTLOOK - BY PRODUCT TYPE
3.1. SOLVENT-BORNE
3.2. WATERBORNE
3.3. OTHER
COATINGS (POWDER COATINGS, ETC)
4. MIDDLE
EAST AND AFRICA AUTOMOTIVE PAINTS AND COATINGS MARKET OUTLOOK - BY COAT TYPE
4.1. BASE
COAT
4.2. ELECTRO
COAT
4.3. CLEAR
COAT
4.4. PRIMER
5. MIDDLE
EAST AND AFRICA AUTOMOTIVE PAINTS AND COATINGS MARKET OUTLOOK - BY VEHICLE TYPE
5.1. PASSENGER
VEHICLES
5.2. LIGHT
COMMERCIAL VEHICLES
5.3. HEAVY
COMMERCIAL VEHICLES
6. MIDDLE
EAST AND AFRICA AUTOMOTIVE PAINTS AND COATINGS MARKET OUTLOOK - BY END-USERS
6.1. ORIGINAL
EQUIPMENT MANUFACTURERS (OEM)
6.2. AUTOMOTIVE
REFINISH
7. MIDDLE
EAST AND AFRICA AUTOMOTIVE PAINTS AND COATINGS MARKET – REGIONAL OUTLOOK
7.1. UNITED
ARAB EMIRATES
7.2. SAUDI
ARABIA
7.3. TURKEY
7.4. SOUTH
AFRICA
7.5. REST
OF MIDDLE EAST & AFRICA
8. COMPETITIVE
LANDSCAPE
8.1. AKZO
NOBEL NV
8.2. AXALTA
COATING SYSTEMS
8.3. BASF
SE
8.4. BERGER
PAINTS LTD
8.5. CONCEPT
PAINTS
8.6. HMG
PAINTS LTD
8.7. KANSAI
PAINT CO LTD
8.8. KAPCI
COATINGS
8.9. KCC
CORPORATION
8.10. NATIONAL
PAINTS FACTORIES CO LTD
8.11. PPG
INDUSTRIES INC
8.12. RED
SPOT PAINT
8.13. RPM
INTERNATIONAL INC
8.14. SHERWIN
WILLIAMS
8.15. VALSPAR
CORPORATION
9. RESEARCH
METHODOLOGY & SCOPE
9.1. RESEARCH
SCOPE & DELIVERABLES
9.2. SOURCES
OF DATA
9.3. RESEARCH
METHODOLOGY
TABLE 1: MIDDLE EAST AND
AFRICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY COUNTRY, 2022-2028 (IN $
MILLION)
TABLE 2: VENDOR
SCORECARD
TABLE 3: NEW PASSENGER
CAR REGISTRATIONS IN TOP COUNTRIES IN 2020
TABLE 4: MIDDLE EAST AND
AFRICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY PRODUCT TYPE, 2022-2028 (IN $
MILLION)
TABLE 5: MIDDLE EAST AND
AFRICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY COAT TYPE, 2022-2028 (IN $
MILLION)
TABLE 6: MIDDLE EAST AND
AFRICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY VEHICLE TYPE, 2022-2028 (IN $
MILLION)
TABLE 7: MIDDLE EAST AND
AFRICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY END-USERS, 2022-2028 (IN $
MILLION)
TABLE 8: MIDDLE EAST AND
AFRICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN
$ MILLION)
TABLE 9: PRODUCTION AND
SALES OF AUTOMOBILES IN THE UNITED ARAB EMIRATES (2016-2020)
TABLE 10: PRODUCTION AND
SALES OF AUTOMOBILES IN SAUDI ARABIA (2016-2020)
TABLE 11: PRODUCTION AND
SALES OF AUTOMOBILES IN SOUTH AFRICA (2016-2020)
FIGURE 1: MARKET
ATTRACTIVENESS INDEX
FIGURE 2: MIDDLE EAST AND
AFRICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY PRODUCT TYPE, 2021 & 2028
(IN %)
FIGURE 3: MIDDLE EAST AND
AFRICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY SOLVENT-BORNE, 2022-2028 (IN $
MILLION)
FIGURE 4: MIDDLE EAST AND
AFRICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY WATERBORNE, 2022-2028 (IN $
MILLION)
FIGURE 5: MIDDLE EAST AND
AFRICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY OTHER COATINGS (POWDER
COATINGS, ETC), 2022-2028 (IN $ MILLION)
FIGURE 6: MIDDLE EAST AND
AFRICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY COAT TYPE, 2021 & 2028 (IN
%)
FIGURE 7: MIDDLE EAST AND
AFRICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY BASE COAT, 2022-2028 (IN $
MILLION)
FIGURE 8: MIDDLE EAST AND
AFRICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY ELECTRO COAT, 2022-2028 (IN $
MILLION)
FIGURE 9: MIDDLE EAST AND
AFRICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY CLEAR COAT, 2022-2028 (IN $
MILLION)
FIGURE 10: MIDDLE EAST AND
AFRICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY PRIMER, 2022-2028 (IN $
MILLION)
FIGURE 11: MIDDLE EAST AND
AFRICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY VEHICLE TYPE, 2021 & 2028
(IN %)
FIGURE 12: MIDDLE EAST AND
AFRICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY PASSENGER VEHICLES, 2022-2028
(IN $ MILLION)
FIGURE 13: MIDDLE EAST AND
AFRICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY LIGHT COMMERCIAL VEHICLES,
2022-2028 (IN $ MILLION)
FIGURE 14: MIDDLE EAST AND
AFRICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY HEAVY COMMERCIAL VEHICLES,
2022-2028 (IN $ MILLION)
FIGURE 15: MIDDLE EAST AND
AFRICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY END-USERS, 2021 & 2028 (IN
%)
FIGURE 16: MIDDLE EAST AND
AFRICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY ORIGINAL EQUIPMENT
MANUFACTURERS (OEM), 2022-2028 (IN $ MILLION)
FIGURE 17: MIDDLE EAST AND
AFRICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY AUTOMOTIVE REFINISH, 2022-2028
(IN $ MILLION)
FIGURE 18: MIDDLE EAST AND
AFRICA AUTOMOTIVE PAINTS AND COATINGS MARKET, REGIONAL OUTLOOK, 2021 & 2028
(IN %)
FIGURE 19: UNITED ARAB
EMIRATES AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)
FIGURE 20: SAUDI ARABIA
AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)
FIGURE 21: TURKEY AUTOMOTIVE
PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)
FIGURE 22: SOUTH AFRICA
AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)
FIGURE 23: REST OF
MIDDLE EAST & AFRICA AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $
MILLION)