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Press release content from Business Wire. The AP news staff was not involved in its creation.

Middle East & Africa Wood Coatings Market Expected to Rise in Value with a CAGR of 5.10%, 2019-2027 - ResearchAndMarkets.com

January 14, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Jan 14, 2020--

The “Middle East and Africa Wood Coatings Market 2019-2027” report has been added to ResearchAndMarkets.com’s offering.

Market Outlook

As per this Market Research analysis, the Middle East and Africa wood coatings market, is progressing significantly with a CAGR of 5.10% in terms of value and 4.83% in terms of volume for the forecasting years 2019-2027.

The growth in the housing industry, rising disposable incomes, and construction activities drive the wood coatings market in the Middle East and Africa region. Moreover, there is an increase in the willingness of consumers to spend on furnishing and decorating homes. This has increased the demand for wooden furniture, flooring, and joineries, such as chairs, tables, windows, doors, cabinets, and sidings. Wooden items are prone to corrosion and stains. Thus, wood coatings are extensively used to protect the wooden items from such damages and extend their longevity.

The UAE is the fastest-growing country in the wood coatings market in terms of revenue, whereas South Africa and Turkey are expected to hold the highest market share in the wood coatings market during the forecasted period. Increasing urbanization and the rising demand for wooden interior & coatings in various sectors, such as automobiles, housing, and furniture, have been boosting the wood coatings market growth in the region. Wood coatings are applied to the various exterior and interior of homes for protecting it from different environmental conditions such as soaking rain and UV radiation. Due to VOC emissions, the governments have been introducing stringent regulations that hamper the wood coating market. These factors have resulted in the emergence of bio-based coatings like water-borne coatings, which is expected to create lucrative growth opportunities for the wood coatings market.

Key Topics Covered:

1. Middle East and Africa Wood Coatings Market - Summary

2. Industry Outlook

2.1. Market Definition

2.2. Porter’s Five Forces Model

2.2.1. Threat of New Entrants

2.2.2. Threat of Substitute

2.2.3. Bargaining Power of Buyers

2.2.4. Bargaining Power of Suppliers

2.2.5. Threat of Competitive Rivalry

2.3. Value Chain Outlook

2.4. Regulatory Outlook

2.5. Market Position Outlook

2.6. Key Insights

2.7. Market Attractiveness Index

2.8. Market Drivers

2.8.1. Rise in the Disposable Income of Consumers

2.8.2. Growth in the Construction Activities

2.9. Market Restraints

2.9.1. Rise in the Volatile Materials

2.9.2. Changing Raw Material Prices

2.10. Market Opportunities

2.10.1. Opportunities in Radiation Cure Coatings

2.10.2. Technological Advancements

2.11. Market Challenges

2.11.1. Stringent Regulations Related to the Environment

3. Wood Coatings Market Outlook - By Resin Type

3.1. Polyurethane

3.2. Nitrocellulose

3.3. Acrylics

3.4. Unsaturated Polyester

3.5. Other Resin Type

4. Wood Coatings Market Outlook - By Technology

4.1. Water-Borne

4.2. Conventional Solvent-Borne

4.3. High Solid Solvent-Borne

4.4. Powder Coating

4.5. Radiation-Cured

4.6. Other Technology

5. Wood Coatings Market Outlook - By Application

5.1. Furniture

5.2. Joinery

5.3. Flooring

5.4. Other Application

6. Wood Coatings Market - Regional Outlook

6.1. Middle East and Africa

6.1.1. Country Analysis Saudi Arabia Turkey United Arab Emirates South Africa Rest of Middle East & Africa

7. Company Profiles

7.1. Axalta Coating Systems

7.2. Akzo Nobel N.V.

7.3. Benjamin Moore & Co.

7.4. Nippon Paint Holdings Co., Ltd.

7.5. Basf Se

7.6. Rpm International Inc.

7.7. Kapci Coatings

7.8. Eastman Chemical Company

7.9. Helios Coatings Inc

7.10. Dowdupont Inc.

7.11. Ppg Industries Inc.

7.12. the Sherwin-Williams Company

7.13. Ica Gruppen Ab (Ica)

7.14. Kansai Paint Co., Ltd.

7.15. Minwax Company

8. Research Methodology & Scope

8.1. Research Scope & Deliverables

8.1.1. Objectives of Study

8.1.2. Scope of Study

8.2. Sources of Data

8.2.1. Primary Data Sources

8.2.2. Secondary Data Sources

8.3. Research Methodology

8.3.1. Evaluation of Proposed Market

8.3.2. Identification of Data Sources

8.3.3. Assessment of Market Determinants

8.3.4. Data Collection

8.3.5. Data Validation & Analysis

For more information about this report visit https://www.researchandmarkets.com/r/padlmp

View source version on businesswire.com:https://www.businesswire.com/news/home/20200114005398/en/

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SOURCE: Research and Markets

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PUB: 01/14/2020 06:29 AM/DISC: 01/14/2020 06:29 AM