Please Wait.....
Report
Nigeria Protective Coatings - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2030)
Market Report I 2025-04-28 I 120 Pages I Mordor Intelligence
The Nigeria Protective Coatings Market is expected to register a CAGR of greater than 4% during the forecast period.
The COVID-19 pandemic negatively impacted the market in 2021. Due to COVID-19, the supply and production of major end-user segments were harmed, which decreased the consumption of protective coatings in Nigeria. However, as the lockdowns were lifted, these end-user sectors started to snowball to reach the pre-COVID level, which is expected to enhance demand for the market studied through the years to come.
Key Highlights
- Over the short term, growing infrastructure activities with government support will likely drive the market's growth.
- On the flip side, regulations related to VOC emissions are expected to restrain the growth of the protective coatings market in Nigeria during the forecast period.
- Potential replacement by powder coatings is likely to act as an opportunity for the market over the forecast period.
Nigeria Protective Coatings Market Trends
Oil and Gas End-user Industry to dominate the market
- The oil and gas (including the chemical industry) sector is one of the major end-user segments of protective coatings. The sector requires chemical resistance due to a high-temperature environment in its business operations.
- In addition, apart from high temperature, the coating is used to prevent metal and steel structures from corrosion and chemicals, as they are exposed to moist and damp climatic conditions. It is used for the oil and gas industry's tanks, pipes, valves, and pumps.
- Nigeria is one of the largest and oldest oil producers in Africa. The oil and gas sector is one of the most important sectors in the country's economy, accounting for more than 90% of the country's exports and 80% of the federal government's revenue.
- Moreover, the country is investing heavily in LNG facilities, gas processing facilities, and gas pipeline projects. The expansion at the Bonny LNG plant by introducing train 7 alone is expected to add 35% more LNG capacity to the country. With this, Nigeria Liquefied Natural Gas (NLNG) Limited plans to invest USD 7 billion in the Train-7 project, which would expand its production capacity to 30 mtpa, making Nigeria the 3rd largest gas exporter in the world after Qatar and Australia. The Bonny LNG expansion site is expected to come on stream in 2024.
- According to the National Bureau of Statistics, Nigeria, the oil and natural gas sector accounted for more than 7% of the country's gross domestic product (GDP) in the second and third quarters of 2021, a 2% decrease from the first quarter of 2021.
- Therefore, the growing investments in the oil and gas sector are expected to drive the country's protective coatings market during the forecast period.
Epoxy resin based Protective Coatings to Dominate the Market
- The epoxy resins are reinforced polymer composites derived from petroleum sources after a reaction process involving epoxide units. These resins help in the development of several properties in coatings, which include strength, durability, and chemical resistance.
- The fast drying, toughness, outstanding adhesion, resistance to water, and good curing make these resins suitable to protect metals and other surfaces. Conversely, the coatings derived from epoxy-based resins have limited gloss retention. They can also be used as binders for coating applications to enhance the durability of coating for floor and metal applications.
- Epoxy-based protective coatings offer protection against acids, alkalis, solvents, fuels, fatty acids, salt or sugar solutions, chemical cleaning agents, and much more. It is suitable for heavily loaded industrial floors.
- Epoxy-resin-based coatings find numerous industrial applications, such as in steel pipes and tanks in the oil and gas industry and water treatment plants for flooring.
- Epoxy-resin-based coatings are primarily used for protective purposes in infrastructure due to its properties (abrasion resistance, chemical resistance, and corrosion protection), which increases its consumption in the infrastructure sector. According to the World Bank, Nigeria would need to invest USD 3 trillion in infrastructure. Following this, the Nigerian government launched a 30-year infrastructure plan with a target date of 2043, with the goal of increasing Nigeria's infrastructure stock to 70% of GDP.
- Epoxy resin based protective coating is used in mining sector for the protection of metal equipment. Furthemore, According to the National Bureau of Statistics, Nigeria, the mining and quarrying sector contributed around 6% of Nigeria's GDP in 2021. This trend is projected to benefit the studied market.
- Therefore, owing to the aforementioned factors, the demand for epoxy-based Protective coatings is expected to increase during the forecast period.
Nigeria Protective Coatings Industry Overview
The Nigerian protective coatings market is fragmented in nature. Some of the major market players (in no particular order) include Akzo Nobel NV, PCMN PLC, PPG Industries Inc., Meyer PLC, and CAP Plc., among others.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Growing Infrastructure Activities with Government Support
4.1.2 Increase in off-shore oil drilling activities
4.2 Restraints
4.2.1 Regulations Related to the VOC Emissions
4.3 Industry Value Chain Analysis
4.4 Porter Five Forces
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5 MARKET SEGMENTATION (Market Size in Value)
5.1 Product Type
5.1.1 Epoxy Resin
5.1.2 Polyurethane Resin
5.1.3 Polyester Resin
5.1.4 Vinyl Ester Resin
5.1.5 Other Product Types (Phenolic, PTFE, Phosphate)
5.2 Technology
5.2.1 Water-based
5.2.2 Solvent-based
5.2.3 Powder-based
5.3 End-user Industry
5.3.1 Oil and Gas
5.3.2 Mining
5.3.3 Power
5.3.4 Infrastructure
5.3.5 Other End-user Industries (Waste treatment, Pulp and Paper)
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share(%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Akzo Nobel NV
6.4.2 Apex Paints Limited
6.4.3 Berger Paints Nigeria Plc
6.4.4 CAP Plc.
6.4.5 Chemstar Groups
6.4.6 Eagle Paints
6.4.7 Meyer Plc.
6.4.8 PCMN PLC
6.4.9 PPG Industries
6.4.10 Premier Paints Plc.
6.4.11 President Paints Nigeria
6.4.12 Prestige Paints Company Limited
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Potential Replacement by Powder Coatings
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security