Middle East and Africa Aerosol Paints Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Raw Material (Acrylic, Alkyd, Epoxy, Polyurethane, and Others), Technology (Solvent-Borne, Water-Borne, and Others), and Application (Construction Industry, Automotive and Transportation, Wood and Furniture Industry, Packaging, and Others)
Market Introduction
The aerosol paints market in the Middle East & Africa is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The region is expected to witness an increasing urbanization and rapidly growing populations, which would further fuel the construction sectors in the region in coming years. The Gulf countries are economically developed, whereas the African countries are yet to match up to the economic conditions of the Gulf countries and lag far behind. The harsh weather conditions of the desert, lack of skilled labor, and high wages of labor hinder the development of the region. However, urbanization in the Middle East is transforming the outlook of countries. Middle Eastern countries look ahead for the adoption of advanced technologies and stand amongst the most-highly urbanized regions. Responding toward a shift occurring in the global economic power has positioned the Middle East as one of the significant world’s fastest-growing market, including Dubai and Abu Dhabi, with an aim to turn into global hubs. Therefore, construction and automotive industries are offering a huge number of products and utilizing the aerosol paints in the product manufacturing. These factors boost demand for aerosol paints in the Middle East.
Turkey has the highest number of COVID-19 cases in the Middle East and Africa, followed by South Africa and the UAE, among others. The UAE was the first country in the Middle East and Africa to report a confirmed case of COVID-19. The pandemic has had the most influence on the production, logistics, and tourism & travel industries. The virus outbreak propelled the governments of numerous countries to impose a lockdown to decrease the spread of the virus. Due to lockdown in the Middle East and African countries, various chemicals and materials companies remain closed which led to the reduction in the sale of various products which has negatively impacted the market for aerosol paints market in the region.
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Market Overview and Dynamics
The aerosol paints market in Middle East & Africa is expected to grow from US$ 307.26 million in 2021 to US$ 378.22 million by 2028; it is estimated to grow at a CAGR of 3.0% from 2021 to 2028. In the automotive industry, aerosol paints are used in the manufacturing and after-sales refinishing of vehicles. In the industry, these paints are an ideal solution for touch-ups, and reconditioning and repairing of the different parts of vehicles. The aerosol paints helps improve the overall look of a car by changing different panels to a contrasting color and providing a customized and personalized feel to the customers. The aerosol paints provide a high-quality finish, film hardness, gasoline resistance, and UV protection that make them suitable for the interiors and exteriors of a vehicle. The automotive industry is growing across the world. The growing production and sales of vehicles propel the demand for aerosol paints in the automotive industry. However, due to the COVID-19 outbreak pandemic, automotive and major manufacturing industries have suffered setbacks. The manufacturing industry is expected to recover soon as many countries are returning to normal owing to the increasing vaccination rates and changing consumer habits.
Key Market Segments
In terms of raw material, the Alkyd accounted for the largest share of the Middle East & Africa aerosol paints market in 2020. In term of technology, Solvent-Borne held a larger market share of the aerosol paints market in 2020. Further, in term of application, the Construction Industry held a larger market share of the aerosol paints market in 2020
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the aerosol paints market in Middle East & Africa are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are The Sherwin-Williams Company; Kobra Paint - Spray Art Technologies; Montana Colors S.L.; Nippon Paint Holdings Co., Ltd; PPG Industries Inc.; and Rust Oleum among others.
Reasons to buy report
- To understand the Middle East & Africa aerosol paints market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Middle East & Africa aerosol paints market
- Efficiently plan M&A and partnership deals in Middle East & Africa aerosol paints market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Middle East & Africa aerosol paints market
- Obtain market revenue forecast for market by various segments from 2021-2028 in Middle East & Africa region.
Middle East & Africa Aerosol Paints Market Segmentation
Middle East & Africa Aerosol Paints Market – By Raw Material
- Acrylic
- Alkyd
- Epoxy
- Polyurethane
- Others
Middle East & Africa Aerosol Paints Market – By Technology
- Solvent-Borne
- Water-Borne
- Others
Middle East & Africa Aerosol Paints Market – By Application
- Construction Industry
- Automotive and Transportation
- Wood and Furniture Industry
- Packaging
- Others
Middle East & Africa Aerosol Paints Market – By Country
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Middle East & Africa Aerosol Paints Market – Companies Mentioned
- The Sherwin-Williams Company
- Kobra Paint - Spray Art Technologies
- Montana Colors S.L.
- Nippon Paint Holdings Co., Ltd
- PPG Industries Inc.
- Rust Oleum
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Middle East & Africa Aerosol Paints – Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Expert Opinion
5. Middle East & Africa Aerosol Paints Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Use of Aerosol Paint in DIY Activities
5.1.2 Burgeoning Demand from Automotive Industry
5.2 Restraints
5.2.1 Forcible Regulations Pertaining to Use of Aerosol Paints
5.3 Market Opportunities
5.3.1 Ramping Innovations for Packaging of Aerosol Paints
5.4 Future Trend
5.4.1 Expanding Focus Towards Sustainable Aerosol Paint Solutions
5.5 Impact Analysis of Drivers and Restraints
6. Middle East & Africa Aerosol Paints – Market Analysis
6.1 Overview
6.2 Middle East & Africa Aerosol Paints Market –Revenue and Forecast to 2028 (US$ Million)
7. Middle East & Africa Aerosol Paints Market Analysis – By Raw Material
7.1 Overview
7.2 Middle East and Africa Aerosol Paints Market Breakdown, by Raw Material
7.3 Acrylic
7.3.1 Overview
7.3.2 Acrylic: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Alkyd
7.4.1 Overview
7.4.2 Alkyd: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Epoxy
7.5.1 Overview
7.5.2 Epoxy: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Polyurethane
7.6.1 Overview
7.6.2 Polyurethane: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)
8. Middle East & Africa Aerosol Paints Market Analysis – By Technology
8.1 Overview
8.2 Middle East & Africa Aerosol Paints Market Breakdown, by Technology
8.3 Solvent-Borne
8.3.1 Overview
8.3.2 Solvent-Borne: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Water-Borne
8.4.1 Overview
8.4.2 Water-Borne: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)
9. Middle East & Africa Aerosol Paints Market Analysis – By Application
9.1 Overview
9.2 Middle East & Africa Aerosol Paints Market Breakdown, by Application
9.3 Construction Industry
9.3.1 Overview
9.3.2 Construction Industry: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Automotive and Transportation
9.4.1 Overview
9.4.2 Automotive and Transportation: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Wood and Furniture Industry
9.5.1 Overview
9.5.2 Wood and Furniture Industry: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Packaging
9.6.1 Overview
9.6.2 Packaging: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)
10. Middle East & Africa Aerosol Paints Market – Country Analysis
10.1 Overview
10.1.1 Middle East and Africa Aerosol Paints Market Breakdown, by Country
10.1.1.1 South Africa Aerosol Paints Market Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 South Africa Aerosol Paints Market Breakdown, by Raw Material
10.1.1.1.2 South Africa Aerosol Paints Market Breakdown, by Technology
10.1.1.1.3 South Africa Aerosol Paints Market Breakdown, by Application
10.1.1.2 Saudi Arabia Aerosol Paints Market Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Saudi Arabia Aerosol Paints Market Breakdown, by Raw Material
10.1.1.2.2 Saudi Arabia Aerosol Paints Market Breakdown, by Technology
10.1.1.2.3 Saudi Arabia Aerosol Paints Market Breakdown, by Application
10.1.1.3 UAE Aerosol Paints Market Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 UAE Aerosol Paints Market Breakdown, by Raw Material
10.1.1.3.2 UAE Aerosol Paints Market Breakdown, by Technology
10.1.1.3.3 UAE Aerosol Paints Market Breakdown, by Application
10.1.1.4 Rest of Middle East & Africa Aerosol Paints Market Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Rest of Middle East & Africa Aerosol Paints Market Breakdown, by Raw Material
10.1.1.4.2 Rest of Middle East & Africa Aerosol Paints Market Breakdown, by Technology
10.1.1.4.3 Rest of Middle East & Africa Aerosol Paints Market Breakdown, by Application
11. Middle East & Africa Aerosol Paint Market – Impact of Covid-19
11.1 Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Product Launch
12.2 Merger & Acquisition
12.3 Partnership
12.4 Collaboration
13. Company Profiles
13.1 The Sherwin-Williams Company
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Kobra Paint - Spray Art Technologies
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Montana Colors S.L.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Nippon Paint Holdings Co., Ltd.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 PPG Industries Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Rust Oleum
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. Middle East & Africa Aerosol Paints Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. South Africa Aerosol Paints Market Revenue and Forecasts to 2028 – By Raw Material (US$ Million)
Table 3. South Africa Aerosol Paints Market Revenue and Forecasts to 2028 – By Technology (US$ Million)
Table 4. South Africa Aerosol Paints Market Revenue and Forecasts to 2028 – By Application (US$ Million)
Table 5. Saudi Arabia Aerosol Paints Market Revenue and Forecasts to 2028 – By Raw Material (US$ Million)
Table 6. Saudi Arabia Aerosol Paints Market Revenue and Forecasts to 2028 – By Technology (US$ Million)
Table 7. Saudi Arabia Aerosol Paints Market Revenue and Forecasts to 2028 – By Application (US$ Million)
Table 8. UAE Aerosol Paints Market Revenue and Forecasts to 2028 – By Raw Material (US$ Million)
Table 9. UAE Aerosol Paints Market Revenue and Forecasts to 2028 – By Technology (US$ Million)
Table 10. UAE Aerosol Paints Market Revenue and Forecasts to 2028 – By Application (US$ Million)
Table 11. Rest of Middle East & Africa Aerosol Paints Market Revenue and Forecasts to 2028 – By Raw Material (US$ Million)
Table 12. Rest of Middle East & Africa Aerosol Paints Market Revenue and Forecasts to 2028 – By Technology (US$ Million)
Table 13. Rest of Middle East & Africa Aerosol Paints Market Revenue and Forecasts to 2028 – By Application (US$ Million)
Table 14. Glossary of Terms, Aerosol Paints Market
LIST OF FIGURES
Figure 1. Middle East & Africa Aerosol Paints Market Segmentation
Figure 2. Middle East & Africa Aerosol Paints Market Segmentation – By Country
Figure 3. Middle East & Africa Aerosol Paints Market Overview
Figure 4. Alkyd Segment Held Largest Share of Market
Figure 5. Solvent-Borne Segment Held Largest Share of Market
Figure 6. Construction Industry Segment Held Largest Share of Market
Figure 7. Rest of MEA Region Held Largest Share of Market
Figure 8. Middle East & Africa Aerosol Paints Market, Key Market Players
Figure 9. Middle East & Africa: PEST Analysis
Figure 10. Expert Opinion
Figure 11. Middle East & Africa Aerosol Paints Market Impact Analysis of Drivers and Restraints
Figure 12. Middle East & Africa: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Middle East and Africa Aerosol Paints Market Breakdown, By Raw Material, 2020 & 2028 (%)
Figure 14. Acrylic: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Alkyd: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Epoxy: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Polyurethane: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Others: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Middle East & Africa Aerosol Paints Market Breakdown, by Technology, 2020 & 2028 (%)
Figure 20. Solvent-Borne: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Water-Borne: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Others: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Middle East & Africa Aerosol Paints Market Breakdown, by Application, 2020 & 2028 (%)
Figure 24. Construction Industry: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Automotive and Transportation: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Wood and Furniture Industry: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Packaging: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Others: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Geographic Overview of Middle East & Africa Aerosol Paints Market
Figure 30. Middle East and Africa Aerosol Paints Market Breakdown, by Country, 2020 & 2028 (%)
Figure 31. South Africa Aerosol Paints Market Forecasts to 2028 (US$ Million)
Figure 32. Saudi Arabia Aerosol Paints Market Forecasts to 2028 (US$ Million)
Figure 33. UAE Aerosol Paints Market Forecasts to 2028 (US$ Million)
Figure 34. Rest of Middle East & Africa Aerosol Paints Market Forecasts to 2028 (US$ Million)
Figure 35. Impact of COVID-19 Pandemic on Aerosol Paints Market in the Middle East and Africa
- The Sherwin-Williams Company
- Kobra Paint - Spray Art Technologies
- Montana Colors S.L.
- Nippon Paint Holdings Co., Ltd.
- PPG Industries Inc.
- Rust Oleum
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Middle East & Africa aerosol paints market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa aerosol paints market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the aerosol paints market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution