Middle East Anticorrosion Coatings Market

Historic Data: 2020-2021   |   Base Year: 2022   |   Forecast Period: 2023-2030

Share, Trend, and Growth Opportunity Analysis Report Coverage: By Resin Type (Epoxy, Polyurethane, Acrylic, Alkyd, Vinyl Ester, and Others), Technology (Solvent-Borne, Water-Borne, and Others), End Use (Marine, Oil and Gas, Power, Automotive, Building and Construction, Aerospace and Defense, and Others)


No. of Pages: 172    |    Report Code: BMIRE00029921    |    Category: Chemicals and Materials

Middle East Anticorrosion Coatings Market
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The Middle East anticorrosion coatings market size was valued at US$ 953.12 million in 2022 and is expected to reach US$ 1,470.49 million by 2030; it is estimated to register a CAGR of 5.6% from 2022 to 2030.

The Middle East anticorrosion coatings market is experiencing significant growth due to the increasing demand for corrosion protection in various industries such as oil and gas, petrochemicals, power generation, water and wastewater treatment, and marine. Corrosion is a major concern in the region due to the harsh environmental conditions, including high temperatures, humidity, and exposure to saltwater. The oil and gas industry is one of the major drivers of the anticorrosion coatings market in the Middle East. The region is home to some of the largest oil and gas reserves in the world, and the infrastructure required for exploration, production, refining, and transportation of oil and gas is prone to corrosion.

Based on resin type, the market is segmented into epoxy, polyurethane, acrylic, alkyd, vinyl ester, and others. The epoxy segment accounted for the largest Middle East anticorrosion coatings market share in 2022. Epoxy anticorrosion coatings, formulated with epoxy resins as their primary constituents, belong to the class of thermosetting polymers, imparting robustness and durability to the protective layer they create. Deployed across diverse industries such as oil & gas, maritime, automotive, and infrastructure, epoxy anticorrosion coatings serve as a frontline defense mechanism for metal surfaces. The application process involves the precise amalgamation of epoxy resins with curing agents, resulting in a chemically resistant and adhesive compound. Upon application, these coatings solidify into a tough, impermeable barrier that shields metal surfaces from corrosive agents, preventing oxidation and deterioration over extended periods. Based on technology, the anticorrosion coatings market is segmented into solvent-borne, water-borne, and others. Solvent-borne anticorrosion coatings are sophisticated formulations engineered to provide robust protection against the detrimental effects of corrosion, particularly on metallic surfaces.

In 2022, the Saudi Arabia dominated the Middle East anticorrosion coatings market. Saudi Arabia's position as a key player in the global oil & gas sector has been a significant driver for the heightened demand for advanced anticorrosion coatings. With an extensive network of pipelines, refineries, and petrochemical facilities, the need to protect these critical assets from corrosion is paramount. The harsh environmental conditions, including high temperatures and humidity, further underscore the need for robust anticorrosion solutions. According to the Organization of the Petroleum Exporting Countries, Saudi Arabia possesses ~17% of the world's proven petroleum reserves. It is the largest exporter of crude oil globally. Saudi Arabia holds the world's largest crude oil production capacity at ~12 million barrels per day, including capacity from the Neutral Zone shared with Kuwait. The country's oil & gas sector accounts for ~50% of the GDP and 70% of export earnings.

RPM International Inc, The Sherwin-Williams Co, Akzo Nobel NV, Jotun AS, PPG Industries Inc, 3M Co, The Progressive Center Co for Construction Chemicals Ltd, Nippon Paint Holdings Co Ltd, BASF SE, and HB Fuller Co are key players operating in the Middle East anticorrosion coatings market. Market players focus on providing high-quality products to fulfill customer demand. They are also adopting strategies such as investments in research and development activities and new product launches.



The overall Middle East anticorrosion coatings market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Middle East anticorrosion coatings market.

Middle East Anticorrosion Coatings Strategic Insights

Strategic insights for the Middle East Anticorrosion Coatings provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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Middle East Anticorrosion Coatings Report Scope

Report Attribute Details
Market size in 2022 US$ 953.12 Million
Market Size by 2030 US$ 1,470.49 Million
Global CAGR (2022 - 2030) 5.6%
Historical Data 2020-2021
Forecast period 2023-2030
Segments Covered By Resin Type
  • Epoxy
  • Polyurethane
  • Acrylic
  • Alkyd
  • Vinyl Ester
By Technology
  • Solvent-Borne
  • Water-Borne
By End Use
  • Marine
  • Oil and Gas
  • Power
  • Automotive
  • Building and Construction
  • Aerospace and Defense
Regions and Countries Covered Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • RPM International Inc
  • The Sherwin-Williams Co
  • Akzo Nobel NV
  • Jotun AS
  • PPG Industries Inc
  • 3M Co
  • The Progressive Center Co for Construction Chemicals Ltd
  • Nippon Paint Holdings Co Ltd
  • BASF SE
  • HB Fuller Co
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    Middle East Anticorrosion Coatings Regional Insights

    The geographic scope of the Middle East Anticorrosion Coatings refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    The List of Companies - Middle East Anticorrosion Coatings Market

    The List of Companies - Middle East Anticorrosion Coatings Market

  • RPM International Inc

  • The Sherwin-Williams Co

  • Akzo Nobel NV

  • Jotun AS

  • PPG Industries Inc

  • 3M Co

  • The Progressive Center Co for Construction Chemicals Ltd

  • Nippon Paint Holdings Co Ltd

  • BASF SE

  • HB Fuller Co
  • Frequently Asked Questions
    How big is the Middle East Anticorrosion Coatings Market?

    The Middle East Anticorrosion Coatings Market is valued at US$ 953.12 Million in 2022, it is projected to reach US$ 1,470.49 Million by 2030.

    What is the CAGR for Middle East Anticorrosion Coatings Market by (2022 - 2030)?

    As per our report Middle East Anticorrosion Coatings Market, the market size is valued at US$ 953.12 Million in 2022, projecting it to reach US$ 1,470.49 Million by 2030. This translates to a CAGR of approximately 5.6% during the forecast period.

    What segments are covered in this report?

    The Middle East Anticorrosion Coatings Market report typically cover these key segments-

    • Resin Type (Epoxy, Polyurethane, Acrylic, Alkyd, Vinyl Ester)
    • Technology (Solvent-Borne, Water-Borne)
    • End Use (Marine, Oil and Gas, Power, Automotive, Building and Construction, Aerospace and Defense)

    What is the historic period, base year, and forecast period taken for Middle East Anticorrosion Coatings Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East Anticorrosion Coatings Market report:

  • Historic Period : 2020-2021
  • Base Year : 2022
  • Forecast Period : 2023-2030
  • Who are the major players in Middle East Anticorrosion Coatings Market?

    The Middle East Anticorrosion Coatings Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • RPM International Inc
  • The Sherwin-Williams Co
  • Akzo Nobel NV
  • Jotun AS
  • PPG Industries Inc
  • 3M Co
  • The Progressive Center Co for Construction Chemicals Ltd
  • Nippon Paint Holdings Co Ltd
  • BASF SE
  • HB Fuller Co
  • Who should buy this report?

    The Middle East Anticorrosion Coatings Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Middle East Anticorrosion Coatings Market value chain can benefit from the information contained in a comprehensive market report.

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