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Dallas–Fort Worth, TX Press Releases
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(Dallas.CityRegions.Com, May 11, 2018 ) The Middle East & Africa paints and coatings market has been estimated at USD 8,806.6 million in 2017. The market is expected to register a CAGR of 4.68% during the forecast period, 2018 to 2023. One of the major factors driving the growth of the market is the growing demand from construction, automotive, marine, and oil & gas industry.
INCREASING INVESTMENTS IN THE REGION The construction industry in Saudi Arabia contributes around 8% to the country’s GDP and is the largest construction market in the Middle East. The country has generated large-scale projects worth USD 800 billion to boost its infrastructure in the coming years. The government also has expansive plans for the development of social infrastructure, transportation, and energy & utility construction in the country. Also, The South African construction industry has a positive outlook, despite the decline in the market. The rise in demand for housing and growth in new residents in urban areas have increased; the government’s national infrastructural plan is supporting this growth with new projects in the coming future. Automotive is another industry that is growing in the region, owing to rise in sale and production levels, which are expected to increase in the coming years, offering scope for the growth of the paints & coatings market, over the forecast period.
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Key Developments in the Market May 2017: Sherwin-Williams receives regulatory approval to complete its acquisition of Valspar Major Key Players are PPG, AKZONOBEL, SHERWIN WILLIAMS, RPM, NIPPON PAINT, VALSPAR, AXALTA, BASF AND KANSAI and Other Players include HENKEL AG & CO. KGAA, RPM INTERNATIONAL INC., SIKA AG, 3M, ASIAN PAINTS LTD., H.B. FULLER, JOTUN PAINTS, MASCO, HEMPEL, CHUGOKU MARINE PAINTS LIMITED, TIKKURILA OYJ, BECKERS GROUP, BERGER PAINTS INDIA LTD., GUANGDONG CARPOLY CHEMICAL GROUP CO., LTD., DAW SE, Materis Paints (Cromology), SHAWCOR, SK KAKEN CO., LTD., DULUX GROUP LIMITED, KCC CORP, DAI NIPPON TORYO COMPANY, LIMITED, Benjamin Moore & Co. Inc., FUJIKURA KASAI, SHANGHAI COATINGS CO., LTD, NATIONAL PAINTS, and PINTUCO.
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Companies Mentioned: PPG, AKZONOBEL, SHERWIN WILLIAMS VALSPAR, RPM International, NIPPON PAINT, AXALTA, BASF KANSAI Other Players include HENKEL AG & CO. KGAA, RPM INTERNATIONAL INC., SIKA AG, 3M, ASIAN PAINTS LTD., H.B. FULLER, JOTUN PAINTS, MASCO, HEMPEL, CHUGOKU MARINE PAINTS LIMITED, TIKKURILA OYJ, BECKERS GROUP, BERGER PAINTS INDIA LTD., GUANGDONG CARPOLY CHEMICAL GROUP CO., LTD., DAW SE, Materis Paints (Cromology), SHAWCOR, SK KAKEN CO., LTD., DULUX GROUP LIMITED, KCC CORP, DAI NIPPON TORYO COMPANY, LIMITED, Benjamin Moore & Co. Inc., FUJIKURA KASAI, SHANGHAI COATINGS CO., LTD, NATIONAL PAINTS, and PINTUCO.
Table of Content
1. Introduction 1.1 Scope of the Report 1.2 Research Methodology
2. Executive Summary
3. Market Insights 3.1 Raw Material Analysis 3.2 Industry Value-Chain Analysis 3.3 Industry Attractiveness – Porter’s Five Forces Analysis 3.3.1 Bargaining Power of Suppliers 3.3.2 Bargaining Power of Consumers 3.3.3 Threat of New Entrants 3.3.4 Threat of Substitute Products and Services 3.3.5 Degree of Competition
4. Market Dynamics 4.1 Drivers 4.1.1 Accelerating Demand for Eco-Friendly Coatings 4.2 Restraints 4.2.1 Stringent Environmental Regulations and Standards 4.3 Opportunity 4.3.1 Burgeoning Demand Expected from Increasing Usage in Electronics
Continued
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