Market Research Middle-East & Africa Paints & Coatings Market | Page 2

six-lane road and 85 stations; this is anticipated to complete by the end of 2018. Saudi Arabia is focusing on establishing itself as the automotive hub in the GCC region. Though the country is a large importer of vehicles and auto parts, it is now trying to attract original equipment manufacturers (OEMs) to open their production plants in the country, to develop the domestic auto industry. Furthermore, the country is experiencing steady growth in new car sales, with the market expecting to reach one million units by 2020, growing at a rate of 6.7% per annum. According to the General Authority for Statistics, the automotive sector is expected to witness a growth rate of around 4%-5% every year during the next decade. All these factors are expected to rapidly drive the market for paints & coatings in Saudi Arabia during the forecast period. Notable Developments in the Market June 2017: The Sherwin-Williams Company completed the acquisition of The Valspar Corporation and created a global leader in paints & coatings industry February 2017: Kansai Plascon Africa, a subsidiary of Kansai Paint, had entered into an 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, among st others. Get full access to this report at https://www.marketinsightsreports.com/reports/0417446117/middle-east-africa-paints-coatings- market-segmented-by-end-user-industry-technology-resin-type-and-geography-growth-trends-and- forecast-2018-2023 Reasons to Purchase this Report To understand the impact of end-user applications on the market Analyzing various perspectives of the market with the help of Porters five forces analysis To understand the dominating technology in the market Countries expected to witness the fastest growth during the forecast period Identify the latest developments, market shares, and strategies employed by the major market players 3-month analyst support, along with the Market Estimate sheet (in excel) Customization of the Report This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs. About Us:- MarketInsightsReports provides syndicated market research reports to industries, organizations or even individuals with an aim of helping them in their decision making process. MarketInsightsReports is your single point market research source for all industries including pharmaceutical, chemicals and materials, energy resource, automobile, IT, technology and media, food and beverages, and consumer goods, among others. Contact us: [phone] | [email protected]