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Report
MEA Alkyd Resin Market - Industry Trends and Forecast to 2030
Market Report I 2023-05-01 I 185 Pages I Data Bridge Market Research
Middle East and Africa alkyd resin market is expected to reach USD 5,341.71 million by 2030 from USD 3,914.60 million in 2022, growing at a CAGR of 4.1% during the forecast period of 2023 to 2030.
Market Segmentation:
Middle East and Africa Alkyd Resin Market, By Resin Type (Non-Drying Alkyd Resin, Drying Alkyd Resin, and Semi-Drying Alkyd Resin), By Process Type (Fatty Acid Process and Glyceride Process), Class (Long Alkyd Resin, Medium Alkyd Resin, and Short Alkyd Resin), Formulation Type (Modifying Alkyds, Waterborne Alkyds, Solvent Borne Coatings, High-Solids Alkyds, Powder Coatings, and Others), Application (Building & Construction, Automotive OEM Coatings, Electrical Equipment, Furniture & Decor, Metal Coatings, Automotive Refinish Coatings, Coil Coatings, and Packaging), End Use Industry (Construction & Architecture Industry, Automotive Industry, Electronics Industry, Aerospace Industry, Marine Industry, and Others), Country (Saudi Arabia, United Arab Emirates, Egypt, South Africa, Israel, Kuwait, Oman, Qatar, Bahrain, and rest of Middle East and Africa) - Industry Trends and Forecast to 2030
Overview of Middle East & Africa Alkyd Resin Market Dynamics:
Driver
- Growing disposable income and lifestyle of consumers
Restrain
- Growing awareness of towards harmful impact of alkyd resins
Opportunity
- Growing demand for sustainable coating in the market
Market Players:
Some of the key players operating in the Middle East and Africa alkyd resin market are:
- Covestro AG
- Synthopol
- Arkema
- BASF SE
- Allnex GMBH
- Hempel A/S
- Krishna Resins & Pigments Pvt. Ltd.
- MACRO POLYMERS
TABLE OF CONTENTS
1 INTRODUCTION 39
1.1 OBJECTIVES OF THE STUDY 39
1.2 MARKET DEFINITION 39
1.3 OVERVIEW OF THE MIDDLE EAST & AFRICA ALKYD RESIN MARKET 39
1.4 CURRENCY AND PRICING 41
1.5 LIMITATIONS 41
1.6 MARKETS COVERED 41
2 MARKET SEGMENTATION 44
2.1 MARKETS COVERED 44
2.2 GEOGRAPHICAL SCOPE 45
2.3 YEARS CONSIDERED FOR THE STUDY 46
2.4 CURRENCY AND PRICING 46
2.5 DBMR TRIPOD DATA VALIDATION MODEL 47
2.6 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 50
2.7 DBMR MARKET POSITION GRID 51
2.8 MULTIVARIATE MODELLING 52
2.9 CATEGORY LIFELINE CURVE 53
2.10 MARKET APPLICATION COVERAGE GRID 54
2.11 VENDOR SHARE ANALYSIS 55
2.12 SECONDARY SOURCES 56
2.13 ASSUMPTIONS 56
3 EXECUTIVE SUMMARY 57
4 PREMIUM INSIGHTS 60
4.1 PESTLE ANALYSIS 61
4.1.1 POLITICAL FACTORS 61
4.1.2 ECONOMIC FACTORS 62
4.1.3 SOCIAL FACTORS 62
4.1.4 TECHNOLOGICAL FACTORS 62
4.1.5 LEGAL FACTORS 62
4.1.6 ENVIRONMENTAL FACTORS 63
4.2 PORTER'S FIVE FORCES: 64
4.2.1 THREAT OF NEW ENTRANTS 64
4.2.2 THREAT OF SUBSTITUTES 65
4.2.3 CUSTOMER BARGAINING POWER 66
4.2.4 SUPPLIER BARGAINING POWER 66
4.2.5 INTERNAL COMPETITION (RIVALRY) 67
4.3 CLIMATE CHANGE SCENARIO 68
4.3.1 ENVIRONMENTAL CONCERNS 68
4.3.2 INDUSTRY RESPONSE 68
4.3.3 GOVERNMENT'S ROLE 68
4.3.4 ANALYST RECOMMENDATION 68
4.4 IMPORT-EXPORT ANALYSIS 69
4.5 SUPPLY CHAIN ANALYSIS 71
4.5.1 OVERVIEW 71
4.5.2 LOGISTIC COST SCENARIO 71
4.5.3 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS 72
4.6 TECHNOLOGICAL INNOVATION 73
4.7 VENDOR SELECTION CRITERIA 74
4.8 PRICE ANALYSIS 76
4.9 PRODUCTION CAPACITY OUTLOOK 77
4.10 PRODUCTION CONSUMPTION ANALYSIS 78
4.11 RAW MATERIAL COVERAGE 79
5 REGULATION COVERAGE 80
6 MARKET OVERVIEW 82
6.1 DRIVERS 84
6.1.1 RISING DEMAND IN THE PAINT AND COATING INDUSTRY 84
6.1.2 GROWING DISPOSABLE INCOME AND LIFESTYLE OF CONSUMERS 84
6.1.3 HIGH-QUALITY PROPERTIES AND COMPATIBILITY OF THE ALKYD RESIN WITH A WIDE RANGE OF POLYMERS 85
6.1.4 GROWING URBANIZATION IN THE DEVELOPING COUNTRIES 86
6.2 RESTRAINTS 86
6.2.1 GROWING AWARENESS OF THE HARMFUL IMPACT OF ALKYD RESINS 86
6.2.2 AVAILABILITY OF SUBSTITUTES 87
6.3 OPPORTUNITIES 88
6.3.1 GROWING DEMAND FOR SUSTAINABLE COATING IN THE MARKET 88
6.3.2 THE CONTINUOUS PRODUCT LAUNCHES BY COMPANIES BOOST THE MARKET GROWTH 88
6.4 CHALLENGE 89
6.4.1 THE FLUCTUATING PRICE OF RAW MATERIALS LEADS TO CHANGES IN THE MANUFACTURING COST OF ALKYD RESINS 89
7 MIDDLE EAST & AFRICA ALKYD RESIN MARKET, BY REGION 90
7.1 MIDDLE EAST AND AFRICA 91
7.1.1 SAUDI ARABIA 99
7.1.2 UNITED ARAB EMIRATES 102
7.1.3 EGYPT 106
7.1.4 SOUTH AFRICA 109
7.1.5 ISRAEL 112
7.1.6 KUWAIT 115
7.1.7 OMAN 118
7.1.8 QATAR 121
7.1.9 BAHRAIN 124
7.1.10 REST OF MIDDLE EAST AND AFRICA 128
8 MIDDLE EAST & AFRICA ALKYD RESIN MARKET, COMPANY LANDSCAPE 129
8.1 COMPANY SHARE ANALYSIS: MIDDLE EAST & AFRICA 129
8.2 ACQUISITION 130
8.3 NEW LAUNCHES 130
8.4 RECOGNITION 130
8.5 NEW PLANT 131
9 COMPANY PROFILES 132
9.1 ARKEMA 132
9.1.1 COMPANY SNAPSHOT 132
9.1.2 REVENUE ANALYSIS 132
9.1.3 COMPANY SHARE ANALYSIS 133
9.1.4 PRODUCT PORTFOLIO 133
9.1.5 SWOT 134
9.1.6 RECENT DEVELOPMENTS 135
9.2 BASF SE (2022) 136
9.2.1 COMPANY SNAPSHOT 136
9.2.2 REVENUE ANALYSIS 136
9.2.3 COMPANY SHARE ANALYSIS 137
9.2.4 PRODUCT PORTFOLIO 137
9.2.5 SWOT 138
9.2.6 RECENT DEVELOPMENTS 138
9.3 ALLNEX GMBH 139
9.3.1 COMPANY SNAPSHOT 139
9.3.2 COMPANY SHARE ANALYSIS 139
9.3.3 PRODUCT PORTFOLIO 140
9.3.4 SWOT 140
9.3.5 RECENT DEVELOPMENTS 140
9.4 ETERNAL MATERIALS CO.,LTD. (2022) 141
9.4.1 COMPANY SNAPSHOT 141
9.4.2 REVENUE ANALYSIS 141
9.4.3 COMPANY SHARE ANALYSIS 142
9.4.4 PRODUCT PORTFOLIO 142
9.4.5 SWOT 143
9.4.6 RECENT DEVELOPMENT 143
9.5 OPC POLYMERS 144
9.5.1 COMPANY SNAPSHOT 144
9.5.2 COMPANY SHARE ANALYSIS 144
9.5.3 PRODUCT PORTFOLIO 145
9.5.4 SWOT ANALYSIS 146
9.5.5 RECENT DEVELOPMENTS 146
9.6 ARAKAWA CHEMICAL INDUSTRIES,LTD. (2022) 147
9.6.1 COMPANY SNAPSHOT 147
9.6.2 REVENUE ANALYSIS 147
9.6.3 PRODUCT PORTFOLIO 148
9.6.4 SWOT 149
9.6.5 RECENT DEVELOPMENTS 149
9.7 COVESTRO AG 150
9.7.1 COMPANY SNAPSHOT 150
9.7.2 REVENUE ANALYSIS 150
9.7.3 COMPANY SHARE ANALYSIS 151
9.7.4 PRODUCT PORTFOLIO 151
9.7.5 SWOT ANALYSIS 152
9.7.6 RECENT DEVELOPMENT 152
9.8 D.S.V CHEMCIALS PVT LTD 153
9.8.1 COMPANY SNAPSHOT 153
9.8.2 PRODUCT PORTFOLIO 153
9.8.3 SWOT 154
9.8.4 RECENT DEVELOPMENTS 154
9.9 GIRDHARI CHEMICALS & RESINS PVT.LTD. 155
9.9.1 COMPANY SNAPSHOT 155
9.9.2 PRODUCT PORTFOLIO 155
9.9.3 SWOT 156
9.9.4 RECENT DEVELOPMENTS 156
9.10 HEMPEL A/S 157
9.10.1 COMPANY SNAPSHOT 157
9.10.2 PRODUCT PORTFOLIO 157
9.10.3 SWOT ANALYSIS 158
9.10.4 RECENT DEVELOPMENT 158
9.11 KRISHNA RESINS & PIGMENTS PVT. LTD. 159
9.11.1 COMPANY SNAPSHOT 159
9.11.2 PRODUCT PORTFOLIO 159
9.11.3 SWOT 160
9.11.4 RECENT DEVELOPMENTS 160
9.12 MACRO POLYMERS 161
9.12.1 COMPANY SNAPSHOT 161
9.12.2 PRODUCT PORTFOLIO 161
9.12.3 SWOT 162
9.12.4 RECENT DEVELOPMENTS 162
9.13 MANCUSO CHEMICALS LIMITED 163
9.13.1 COMPANY SNAPSHOT 163
9.13.2 PRODUCT PORTFOLIO 163
9.13.3 SWOT 164
9.13.4 RECENT DEVELOPMENT 164
9.14 NEO-PACK PLAST 165
9.14.1 COMPANY SNAPSHOT 165
9.14.2 PRODUCT PORTFOLIO 165
9.14.3 SWOT ANALYSIS 166
9.14.4 RECENT DEVELOPMENTS 166
9.15 NORD COMPOSITES ITALIA SRL 167
9.15.1 COMPANY SNAPSHOT 167
9.15.2 PRODUCT PORTFOLIO 167
9.15.3 SWOT 168
9.15.4 RECENT DEVELOPMENTS 168
9.16 POLYNT SPA 169
9.16.1 COMPANY SNAPSHOT 169
9.16.2 PRODUCT PORTFOLIO 169
9.16.3 SWOT ANALYSIS 171
9.16.4 RECENT DEVELOPMENT 171
9.17 RATNAKA RESINS PVT.LTD. 172
9.17.1 COMPANY SNAPSHOT 172
9.17.2 PRODUCT PORTFOLIO 172
9.17.3 SWOT ANALYSIS 173
9.17.4 RECENT DEVELOPMENTS 173
9.18 SPOLEK PRO CHEMICKOU A HUTNI VYROBU, AKCIOVA SPOLECNOST 174
9.18.1 COMPANY SNAPSHOT 174
9.18.2 PRODUCT PORTFOLIO 174
9.18.3 SWOT 175
9.18.4 RECENT DEVELOPMENTT 175
9.19 SYNTHOPOL 176
9.19.1 COMPANY SNAPSHOT 176
9.19.2 PRODUCT PORTFOLIO 176
9.19.3 SWOT ANALYSIS 177
9.19.4 RECENT DEVELOPMENT 177
9.20 UNIFORM SYNTHETICS 178
9.20.1 COMPANY SNAPSHOT 178
9.20.2 PRODUCT PORTFOLIO 178
9.20.3 SWOT ANALYSIS 179
9.20.4 RECENT DEVELOPMENTS 179
9.21 US POLYMERS-ACCUREZ, LLC 180
9.21.1 COMPANY SNAPSHOT 180
9.21.2 PRODUCT PORTFOLIO 180
9.21.3 SWOT 181
9.21.4 RECENT DEVELOPMENT 181
10 QUESTIONNAIRE 182
11 RELATED REPORTS 185
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