Market Size of Middle-East and Africa Epoxy Resins Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Epoxy Resin Market Analysis
The Middle East & African epoxy resins market is expected to witness a healthy growth, at an estimated CAGR of over 5%, over the forecast period.The major factors driving the market studied are the strong growth of the construction industry in Middle East & Africa, and the rising demand for electrical and electronic devices.
- Hazardous impact on health is expected to hinder the growth of the market. If epoxy resin is inhaled or absorbed through the skin, the solvent can affect the brain in ways similar to alcohol causing nausea, dizziness, slurred speech, headache, confusion, and loss of consciousness.
- The paints and coatings segment dominated the market, and is expected to witness the highest CAGR during the forecast period.
- Saudi Arabia is expected to dominate the market with the largest share, in terms of volume.
