Market Size of Middle-East And Africa Wood Coatings Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 3.48 Billion |
| Market Size (2029) | USD 4.13 Billion |
| CAGR (2024 - 2029) | > 3.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Middle-East And Africa Wood Coatings Market Analysis
The Middle-East And Africa Wood Coatings Market size is estimated at USD 3.48 billion in 2024, and is expected to reach USD 4.13 billion by 2029, growing at a CAGR of greater than 3% during the forecast period (2024-2029).
The COVID-19 pandemic negatively affected the wood coatings market in the Middle East and Africa (MEA). Due to restrictions associated with the pandemic, there was a slowdown in the construction and furniture industries, leading to a decrease in demand for wood coatings. However, as situations improve, the industries are expected to grow and reach pre-pandemic levels, witnessing a sharp increase in the future.
- Over the long term, factors such as the growing construction industry in the Middle Eastern region and growing furniture production are expected to drive market demand.
- However, factors such as rising concerns regarding volatile material emissions are expected to restrain the growth of the market.
- Increasing demand for UV-cured coatings and a shift toward water-borne coatings are expected to offer growth opportunities for the market.
- In the region, Saudi Arabia is expected to dominate the market during the forecast period.
