MIDDLE EAST AND AFRICA WOOD COATINGS MARKET 2024-2032

Building & Construction | Construction Materials

MIDDLE EAST AND AFRICA WOOD COATINGS MARKET 2024-2032

Market by Resin Type, Technology, Application, and Country Outlook | Forecast 2024-2032

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According to Triton’s research report, the Middle East and Africa wood coatings market is anticipated to advance with a compound annual growth rate of 3.92% over the forecasting phase 2024-2032.


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The countries evaluated in this region include:

•        United Arab Emirates

•        Israel 

•        Saudi Arabia

•        South Africa

•        Rest of the Middle East & Africa

The wood coatings market in the Middle East and Africa has witnessed remarkable growth in recent years, driven by a surge in construction and infrastructure projects across the region. As urbanization and industrialization continue to expand, the demand for high-quality wood coatings for residential and commercial applications has soared. Additionally, a heightened awareness of environmental sustainability has led to the adoption of eco-friendly coatings, further propelling market growth. 

With advancements in technology and innovation, manufacturers are offering a diverse range of products tailored to meet the specific needs of consumers. The growing furniture and automotive sectors have also contributed significantly to the expansion of the wood coatings market in the Middle East and Africa. 

The wood coatings market in the UAE exhibits a dynamic landscape shaped by growing construction activities. With an increasing emphasis on sustainable practices, there is a noticeable shift towards eco-friendly coatings, driven by stringent regulations and heightened environmental awareness. High-performance coatings designed to withstand the region’s harsh climatic conditions are in high demand, catering to both residential and commercial sectors. 

Wood coatings are applied to both interior and exterior wood flooring panels, including surfaces like patios and areas around swimming pools. These coatings are designed to be water-resistant, offer enhanced scratch resistance, and deter termite damage. Wood flooring provides slip resistance and facilitates smooth movement. The market is broadly sectioned into application, resin type, and technology. Based on application, it is divided into floor, cabinet, furniture and fixtures, doors and windows, and deck. 

The well-known companies in the market include RPM International Inc, Axalta Coating Systems LLC, Diamond Paints, and BASF SE. 

RPM International Inc is a leading manufacturer specializing in a diverse range of chemical products. These include premium paints, roofing systems, protective coatings, sealants, and adhesives. Its clientele spans from mass merchandisers to smaller outlets like paint and craft stores, catering to a wide array of consumer needs. Under several prominent brand names, RPM markets its products across continents, including the Middle East and Africa. 


KEY DELIVERABLES OF THE REPORT: 

  • Market CAGR during the forecasting years 2024-2032

  • Detailed data highlighting key insights, industry components, and market strategies

  • Comprehensive information and estimation of the wood 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 and Porter’s Five Forces

  • A wide-ranging study of factors that will challenge the Middle East and Africa wood 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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Table of Content

1. MIDDLE EAST AND AFRICA WOOD COATINGS MARKET – SUMMARY

2. INDUSTRY OUTLOOK

2.1. PORTER’S FIVE FORCES ANALYSIS

2.1.1. THREAT OF NEW ENTRANTS

2.1.2. THREAT OF SUBSTITUTES

2.1.3. BARGAINING POWER OF BUYERS

2.1.4. BARGAINING POWER OF SUPPLIERS

2.1.5. THREAT OF COMPETITIVE RIVALRY

2.2. MARKET MATURITY ANALYSIS

2.3. SUPPLY CHAIN ANALYSIS

2.3.1. RAW MATERIAL SOURCING AND PROCESSING

2.3.2. PRODUCT INNOVATION AND TECHNOLOGY DEVELOPMENT

2.3.3. SUPPLY CHAIN MANAGEMENT AND MARKET DISTRIBUTION

2.3.4. CUSTOMER SUPPORT AND MAINTENANCE SERVICES

2.4. REGULATORY FRAMEWORK

2.5. KEY BUYING IMPACT ANALYSIS

2.5.1. COATING PERFORMANCE AND WOOD COMPATIBILITY

2.5.2. COST-EFFECTIVENESS AND VALUE ALIGNMENT FOR WOOD SURFACE APPLICATIONS

2.5.3. RELIABILITY AND LONGEVITY OF COATINGS ON WOOD SURFACES

2.5.4. SUPPLIER TRACK RECORD AND WOOD COATING EXPERTISE

2.6. KEY MARKET STRATEGIES

2.6.1. COLLABORATIONS

2.6.2. PRODUCT LAUNCHES

2.6.3. ACQUISITIONS

2.6.4. BUSINESS DIVESTITURES & EXPANSIONS

2.7. MARKET DRIVERS

2.7.1. INCREASING DEMAND FROM THE BUILDING AND CONSTRUCTION SECTOR

2.7.2. UPTICK IN SPENDING ON HOME ENHANCEMENTS DUE TO RISE IN INCOME

2.7.3. RISING DEMAND FOR ECO-FRIENDLY PRODUCTS SOURCED FROM RENEWABLES

2.8. MARKET CHALLENGES

2.8.1. VARIABLE RAW MATERIAL COSTS IMPACT PRODUCTION EXPENSES

2.8.2. ENVIRONMENTAL REGULATIONS LIMIT SPECIFIC CHEMICALS

2.8.3. COMPETITION FROM COMPOSITE MATERIALS AND PLASTICS

2.9. MARKET OPPORTUNITIES

2.9.1. TAILORED SOLUTIONS FOR APPLICATIONS SUCH AS FLOORING AND FURNITURE

2.9.2. EMERGENCE OF SMART COATINGS WITH SELF-HEALING AND ANTIMICROBIAL PROPERTIES

2.9.3. IMPROVED COATING PERFORMANCE THROUGH NANOTECHNOLOGY

2.10. ANALYST PERSPECTIVE

3. MIDDLE EAST AND AFRICA WOOD COATINGS MARKET – BY RESIN TYPE

3.1. NITROCELLULOSE

3.2. POLYURETHANE

3.3. ACRYLIC    

3.4. OTHER RESIN TYPES

4. MIDDLE EAST AND AFRICA WOOD COATINGS MARKET – BY TECHNOLOGY

4.1. POWDER COATINGS

4.2. WATER-BORNE

4.3. UV-CURED

4.4. SOLVENT-BORNE

5. MIDDLE EAST AND AFRICA WOOD COATINGS MARKET – BY APPLICATION

5.1. FURNITURE AND FIXTURE

5.2. CABINET

5.3. FLOORING

5.4. DOORS AND WINDOW

5.5. DECK

6. MIDDLE EAST AND AFRICA WOOD COATINGS MARKET – BY COUNTRY OUTLOOK

6.1. UNITED ARAB EMIRATES

6.1.1. UNITED ARAB EMIRATES WOOD COATINGS MARKET FORECAST & PROSPECTS

6.2. SAUDI ARABIA

6.2.1. SAUDI ARABIA WOOD COATINGS MARKET FORECAST & PROSPECTS

6.3. ISRAEL

6.3.1. ISRAEL WOOD COATINGS MARKET FORECAST & PROSPECTS

6.4. SOUTH AFRICA

6.4.1. SOUTH AFRICA WOOD COATINGS MARKET FORECAST & PROSPECTS

6.5. REST OF MIDDLE EAST & AFRICA

6.5.1. REST OF MIDDLE EAST & AFRICA WOOD COATINGS MARKET FORECAST & PROSPECTS

7. COMPETITIVE LANDSCAPE

7.1. PPG INDUSTRIES INC

7.1.1. OVERVIEW

7.1.2. PRODUCT PORTFOLIO

7.1.3. KEY STRENGTH

7.1.4. KEY CHALLENGE

7.2. NIPPON PAINT HOLDINGS CO LTD

7.2.1. OVERVIEW

7.2.2. PRODUCT PORTFOLIO

7.2.3. KEY STRENGTHS

7.2.4. KEY CHALLENGE

7.3. ASIAN PAINTS

7.3.1. OVERVIEW

7.3.2. PRODUCT PORTFOLIO

7.3.3. KEY STRENGTH

7.3.4. KEY CHALLENGE

7.4. THE SHERWIN-WILLIAMS COMPANY

7.4.1. OVERVIEW

7.4.2. PRODUCT PORTFOLIO

7.4.3. KEY STRENGTHS

7.4.4. KEY CHALLENGE

7.5. RPM INTERNATIONAL INC

7.5.1. OVERVIEW

7.5.2. PRODUCT PORTFOLIO

7.5.3. KEY STRENGTHS

7.5.4. KEY CHALLENGES

7.6. DIAMOND PAINTS

7.6.1. OVERVIEW

7.6.2. PRODUCT PORTFOLIO

7.6.3. KEY STRENGTHS

7.6.4. KEY CHALLENGE

7.7. AXALTA COATING SYSTEMS LLC

7.7.1. OVERVIEW

7.7.2. PRODUCT PORTFOLIO

7.7.3. KEY STRENGTHS

7.7.4. KEY CHALLENGE

7.8. BASF SE

7.8.1. OVERVIEW

7.8.2. PRODUCT PORTFOLIO

7.8.3. KEY STRENGTHS

7.8.4. KEY CHALLENGES

7.9. KANSAI HELIOS

7.9.1. OVERVIEW

7.9.2. PRODUCT PORTFOLIO

7.9.3. KEY STRENGTHS

7.9.4. KEY CHALLENGES

7.10. AKZO NOBEL NV

7.10.1. OVERVIEW

7.10.2. PRODUCT PORTFOLIO

7.10.3. KEY STRENGTHS

7.10.4. KEY CHALLENGES

8. RESEARCH METHODOLOGY & SCOPE

8.1. RESEARCH SCOPE & DELIVERABLES

8.2. SOURCES OF DATA

8.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: MIDDLE EAST AND AFRICA WOOD COATINGS MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $ MILLION)

TABLE 2: REGULATORY FRAMEWORK

TABLE 3: LIST OF COLLABORATIONS

TABLE 4: LIST OF PRODUCT LAUNCHES

TABLE 5: LIST OF ACQUISITIONS

TABLE 6: LIST OF BUSINESS DIVESTITURES & EXPANSIONS

TABLE 7: MIDDLE EAST AND AFRICA WOOD COATINGS MARKET, BY RESIN TYPE, 2024-2032 (IN $ MILLION)

TABLE 8: MIDDLE EAST AND AFRICA WOOD COATINGS MARKET, BY TECHNOLOGY, 2024-2032 (IN $ MILLION)

TABLE 9: MIDDLE EAST AND AFRICA WOOD COATINGS MARKET, BY APPLICATION, 2024-2032 (IN $ MILLION)

TABLE 10: MIDDLE EAST AND AFRICA WOOD COATINGS MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $ MILLION)

List of Figures

FIGURE 1: MARKET MATURITY ANALYSIS

FIGURE 2: SUPPLY CHAIN ANALYSIS

FIGURE 3: KEY BUYING IMPACT ANALYSIS

FIGURE 4: MIDDLE EAST AND AFRICA WOOD COATINGS MARKET, BY RESIN TYPE, 2023 & 2032 (IN %)

FIGURE 5: MIDDLE EAST AND AFRICA WOOD COATINGS MARKET, BY NITROCELLULOSE, 2024-2032 (IN $ MILLION)

FIGURE 6: MIDDLE EAST AND AFRICA WOOD COATINGS MARKET, BY POLYURETHANE, 2024-2032 (IN $ MILLION)

FIGURE 7: MIDDLE EAST AND AFRICA WOOD COATINGS MARKET, BY ACRYLIC, 2024-2032 (IN $ MILLION)

FIGURE 8: MIDDLE EAST AND AFRICA WOOD COATINGS MARKET, BY OTHER RESIN TYPES, 2024-2032 (IN $ MILLION)

FIGURE 9: MIDDLE EAST AND AFRICA WOOD COATINGS MARKET, BY TECHNOLOGY, 2023 & 2032 (IN %)

FIGURE 10: MIDDLE EAST AND AFRICA WOOD COATINGS MARKET, BY UV-CURED, 2024-2032 (IN $ MILLION)

FIGURE 11: MIDDLE EAST AND AFRICA WOOD COATINGS MARKET, BY WATER-BORNE, 2024-2032 (IN $ MILLION)

FIGURE 12: MIDDLE EAST AND AFRICA WOOD COATINGS MARKET, BY POWDER COATINGS, 2024-2032 (IN $ MILLION)

FIGURE 13: MIDDLE EAST AND AFRICA WOOD COATINGS MARKET, BY SOLVENT-BORNE, 2024-2032 (IN $ MILLION)

FIGURE 14: MIDDLE EAST AND AFRICA WOOD COATINGS MARKET, BY APPLICATION, 2023 & 2032 (IN %)

FIGURE 15: MIDDLE EAST AND AFRICA WOOD COATINGS MARKET, BY DOORS AND WINDOW, 2024-2032 (IN $ MILLION)

FIGURE 16: MIDDLE EAST AND AFRICA WOOD COATINGS MARKET, BY FURNITURE AND FIXTURE, 2024-2032 (IN $ MILLION)

FIGURE 17: MIDDLE EAST AND AFRICA WOOD COATINGS MARKET, BY CABINET, 2024-2032 (IN $ MILLION)

FIGURE 18: MIDDLE EAST AND AFRICA WOOD COATINGS MARKET, BY FLOORING, 2024-2032 (IN $ MILLION)

FIGURE 19: MIDDLE EAST AND AFRICA WOOD COATINGS MARKET, BY DECK, 2024-2032 (IN $ MILLION)

FIGURE 20: MIDDLE EAST AND AFRICA WOOD COATINGS MARKET, BY COUNTRY OUTLOOK, 2023 & 2032 (IN %)

FIGURE 21: UNITED ARAB EMIRATES WOOD COATINGS MARKET 2024-2032 (IN $ MILLION)

FIGURE 22: SAUDI ARABIA WOOD COATINGS MARKET 2024-2032 (IN $ MILLION)

FIGURE 23: ISRAEL WOOD COATINGS MARKET 2024-2032 (IN $ MILLION)

FIGURE 24: SOUTH AFRICA WOOD COATINGS MARKET 2024-2032 (IN $ MILLION)

FIGURE 25: REST OF MIDDLE EAST & AFRICA WOOD COATINGS MARKET 2024-2032 (IN $ MILLION)

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