AKI Research & Consulting

2022: Middle-East & Africa Paints & Coatings Market Share Competition Analysis The Middle East and Africa region has an emerging growth in the construction sector and has started recovering after the impact of COVID-19.

Corrosion is one of the issues that many industries face challenges while the global cost of corrosion is estimated to value more than USD 3 trillion.

In 2022, the wood coatings market has seen positive growth after recovering from the covid-19 impact, raw materials supply issues, price inflation, etc. Wood-related products such as furniture, cabinets, siding, paneling, flooring, etc.

Changing dynamics with the effect of Covid-19, the Russian-Ukraine war, varying oil prices, environmental concerns, and emerging technologies are the key factors in the volatility of the global automotive sector over the last three years.

The journey from 2021 to 2022 after recovering from the COVID-19 impact on the paints & coatings industry was progressing positively, however, the Ukraine & Russian wars made a negative short-term impact on the paints & coatings industry over.

The powder coatings market has gained momentum in the last few years due to environmental concerns and changing buying behavior of consumers.

AKI Research has recently published a blog that stated: "The Global Paints & Coatings Additives Market is estimated to value USD 8,243.73 million in 2021.

According to AKI Research's recently published blog: "The Global Yacht Coatings Market is estimated to value USD 2,236.20 million in 2021. The market had a declined rate of 7.44% in 2020 from 2019 due to pandemic effects across the global market.

According to AKI Research's recently published blog: "The Global Hull Coatings Market is estimated to value USD 3,493.49 million in 2021. The market had a declined rate of 7.82% in 2020 from 2019 due to pandemic effects across the global market.

According to AKI Research's recently published blog: "The Global Smart Coatings Market is estimated to value USD 2,895.62 million in 2021.