Market Research Middle-East & Africa Epoxy Powder Coatings Market | Page 2

resistance, and for long component life. The Kingdom of Saudi Arabia has the second-largest oil reserve
in the world, accounting for almost 266 billion barrels. The Saudi Aramco company has announced its
plans to boost oil production at its Marjan offshore oilfield, by 300,000 bpd, and in Abqaiq (which is the
companys largest oil processing facility). Also, the company has announced its plans to expand
production from its Zuluf and Safaniya offshore oilfields. Over the next decade, the company aims to
double its gas production to 23 billion standard cubic feet per day (scf/day). During its early phase,
Fadhili gas plant is expected to process 2.5 billion scf/day from onshore. In addition, more offshore
exploration is expected underway. The company has allocated USD 8 billion for the development of six
offshore facilities. Also, in May 2017 the company had signed two agreements with major US
companies, which would increase private investment in the oil & gas sector, driving the epoxy powder
coatings market. All these factors would rapidly drive the market for epoxy powder coatings in Saudi
Arabia during the forecast period.
Notable Developments in the Market
February 2017: Kansai Plascon Africa, a subsidiary of Kansai Paint, had entered into agreement to
acquire 100% of the operations of Sadolin Paints in Kenya, Tanzania, Zanzibar and Burundi.
Major Players: AkzoNobel, National Paints Factory, Jotun A/S, Al Jazeera Paints Co. Hempel A/S, and
PPG, amongst others.
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coatings-market-segmented-by-end-user-industry-coating-type-and-geography-growth-trends-and-
forecast-2018-2023
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