Market Size of Middle-East and Africa Surface Treatment Chemicals 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 | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Surface Treatment Chemicals Market Analysis
The Middle East and Africa surface treatment chemicals market is projected to register a CAGR of over 5% during the forecast period.
The market was negatively impacted during the COVID-19 pandemic, as all the construction activities and automotive production, which are the largest end-user industries for the market studied, were put on hold, thereby negatively affecting the market. However, the market witnessed a steady growth rate in 2021 and 2022, owing to increased building and construction activities and automotive production.
- Over the short term, the demand from the industrial and residential Infrastructures in the Middle East region is the major factor driving the growth of the market studied.
- However, VOC content and health hazards associated with chemicals used are the key factors anticipated to restrain the growth of the market studied over the forecast period.
- Nevertheless, the development of effective eco-friendly chemicals for surface treatment is likely to act as an opportunity for the market in coming years.
- South Africa is estimated to witness significnat growth over the forecast period due to the increasing construction activities in the country.
