How Big is the Middle East and Africa Paint Additives Market?
The Middle East & Africa Paint Additives Market is anticipated to grow at a CAGR of around 6% during the forecast period, i.e., 2021-26. The growth of the market attributes primarily to the increasing demand for paint additives from architectural end-use verticals. Strong economic growth in a few African countries like Nigeria is another crucial aspect providing lucrative growth opportunities for the market.
Market Statistics
- Market Growth Rate (CAGR): 6% from 2021-2026
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Middle East and Africa Paint Additives Market Insight:
Driver-
Mounting Demand for Paint Additives for Industrial Uses
The demand for paint additives is increasing dramatically in the industrial sector of the Middle East & Africa, owing to the excellent properties they exhibit. It is used as thickeners, curing catalysts, leveling agents, etc., for many industrial applications since the industrial sector comprises many expensive & huge machinery that require proper maintenance. Applying paints with additives helps protect the surface from corrosion & other damage. Hence, its extensive usage in the industrial sector fuels the overall market growth.
Middle East and Africa Paint Additives Market Segmentation:
The report has segmented the market into the following categories:
By Formulation
-
- Water
- Solvent
- Powder Based
- Others
By End-User
-
- Automobiles & Transportation
- Industrial
- Furniture & Woods
- Building & Construction
- Others
Based on end-users, the building & construction sector dominates the Middle East and Africa Paint Additives Market. Paint additives are widely used in the building & construction industry for specific uses like wall paints, deck finishes, or roof coatings. Additionally, they play a vital role in providing aesthetic looks to the structure, improving durability, and providing protection against damages. These additives are used in commercial applications like constructing shopping malls, office buildings, retail convenience stores, warehouses, & residential buildings.
By Products
-
- Rheology Modifiers
- Biocides
- Anti-Foamers
- Wetting & dispersing agents
- Others
By Region
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- UAE
- Saudi Arabia
- Iraq
- South Africa
- Nigeria
- Morocco
- Algeria
- Tunisia
- Kenya
- Jordon
- Uganda
- Ivory Coast
- Cameroon
- Rest of MEA.
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Competitive Landscape:
- Akzo Nobel
- Arkema S.A
- Asahi Glass Co.Ltd.
- Ashland Inc.
- BASF S.E.
- BYK-Chamie GHBH
- Cabot Corporation
- Cytec Industries
- Daikin Industries
- Dynaa A.S.
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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Key Highlights of the Report:
- Market Performance (2021-2026)
- Strategic Recommendations
- Current, Historical and Future Market Trends
- Market Drivers and Leading Competitor
- SWOT Analysis
- Structure of the Market
- Comprehensive Mapping and Recent Advancement
Other Report:
- https://www.blogger.com/blog/post/edit/1174872584837895911/351148818292347972
- https://www.blogger.com/blog/post/edit/1174872584837895911/2729757542388388357
- https://www.blogger.com/blog/post/edit/1174872584837895911/6618236406292628105
- https://www.blogger.com/blog/post/edit/1174872584837895911/8298093433221844919
- https://www.blogger.com/blog/post/edit/1174872584837895911/2720950425607668098
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