Keywords
Citation
(2005), "Report offers analysis, forecasts for coatings market in Middle East, Africa", Pigment & Resin Technology, Vol. 34 No. 1. https://doi.org/10.1108/prt.2005.12934aac.004
Publisher
:Emerald Group Publishing Limited
Copyright © 2005, Emerald Group Publishing Limited
Report offers analysis, forecasts for coatings market in Middle East, Africa
Report offers analysis, forecasts for coatings market in Middle East, Africa
Keywords: Coatings technology, Markets, Middle East, Africa
The coatings market in the Middle East is experiencing strong demand growth for products used in the construction, protective and marine segments, according to a new market report from Information Research Ltd, London. Coatings markets in Africa, meanwhile, are considered mature, with the South African market still recovering from a “crash” in the architectural sector in 1997, the report says.
“A Profile of the Middle Eastern and African Paint Industry” suggests that the rebuilding of Iraq will fuel coatings demand growth, with strong demand seen for low-cost insulation coatings designed to withstand the Iraqi climate. The report says the fastest-growing national coatings market in the Middle East is Qatar, where infrastructure activities are under way in preparation for the Asian Games in 2006.
Africas major coatings markets are led by South Africa, followed by Algeria, Egypt, Morocco, and Tunisia. The emergence of the black middle class in South Africa is generating increased spending and spurring growth in demand for architectural and product-finishes coatings, although the architectural segment accounts for approximately 65 per cent of the total coatings market, the report says.
The report includes an industry overview; paint-market reviews by country; a market forecast to 2008; directories of coatings manufacturers; and commentary on potential growth in the regions. For more information, visit the Web site: www.informationresearch.co.uk