Market Research Middle-East & Africa Epoxy Powder Coatings Market

The Middle-East & Africa Epoxy Powder Coating market is expected to grow at a moderate rate during
the forecast period, 2018 to 2023. Asia-Pacific region is estimated to lead the market owing to its rapid
growth in the construction and automotive industry. Oil & gas sector is expected to be the fastest
growing type by end-user industry.
Rising Demand from the Building & Construction Industry
The Middle Eastern countries are known for their high-rise buildings and architecture. The regional
market has increased constructional activities for hotel buildings and infrastructural activities for
tourism. Saudi Arabia and Qatar are leading the regional boom and both their construction sectors have
grown at an average rate of over 10% in the past five years. Public sector spending in both the countries
is driven by government initiated plans to develop infrastructure and expansion of cities. Saudi Arabia
has generated large-scale projects worth USD 800 billion to boost its infrastructure in the coming years.
The government has expansive plans for the development of social infrastructure, transportation, and
energy & utility construction in the country. The Dubai Expo 2020, which is set to take place over the six-
month period between October 2020 and April 2021, is estimated to attract more than 25 million
tourists. Additionally, FIFA World-Cup in Qatar (2022) is anticipated to provide significant opportunities
for development of new constructions, which, in turn, is likely to increase the demand for epoxy powder
coatings. Dubai is also focusing on other mega projects, such as the Al Maktoum International Airport
expansion, whose current budget is estimated to be about USD 32 billion, and is planned to
accommodate more than 200 million passengers/year. The other projects include Dubai Holding/Emaar
Properties and Dubai Creek Harbor, which is budgeted at USD 17.7 billion with a timeline of 30-year
horizon.
Get sample copy of this research report at
https://www.marketinsightsreports.com/reports/0417446116/middle-east-africa-epoxy-powder-
coatings-market-segmented-by-end-user-industry-coating-type-and-geography-growth-trends-and-
forecast-2018-2023/inquiry
Oil & Gas - The Fastest Growing Type by End-user Industry
Power generation facilities contain various equipment and buildings. Cooling towers, turbines, and
scrubber vessels are subjected to harsh conditions, such as highly acidic surroundings, high operating
temperatures, abrasive environments, and others. Epoxy powder coatings are extensively used in the
energy sector as they are extremely resistant to abrasion, liquid penetration, heat, corrosion, and
chemical attack. The demand for energy is on a constant rise, with the increase in population and
technological advancements. Saudi Arabia is expected to increase power generation capacity from 77
GW in 2014 to 156 GW by 2040.
Saudi Arabia to Lead the Middle East & African Market
Growth of the construction sector in Saudi Arabia has been largely powered by the massive investments
by the government and increased inflow of FDI. Some of the major construction projects are: Junail II,
Makkah Grand Mosque Redevelopment, Jeddah and Riyadh Metro, King Abdullah Port Expansion, The
Kingdom Tower (Jeddah), King Abdullah Economics City of Rabigh, etc. The growing oil & gas sector in
Saudi Arabia is driving the epoxy powder coatings market, as the sector involves operations, like drilling,
wellhead, and sub-sea equipment, and these equipment require coatings, especially for heat & abrasion