3rd Middle East & Africa Coatings
14-15 Nov, 2016 - Dubai, U A E
Radisson Blu Hotel, Dubai Deira Creek
3rd Middle East & Africa Coatings
Radisson Blu Hotel, Dubai Deira Creek
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"Middle East & Africa Coatings Growth Outlook against a Slow Global Economy" |
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With an influx of foreign investment in the MEA regions, construction has reached new heights. The coating market will also reflect the effect of such move by becoming more dynamic. – Falak Consulting
The global powder coatings market is expected to grow at a CAGR of 6.8% from 2016 to 2020, to over $11 billion in value. The Middle East & Africa region continues to be a strong market. – Chemical Engineering
With extensive large scale infrastructure and construction projects undertaken across the Middle East to North Africa and soon into Africa the coatings sector is riding the challenge.
According to IRL, three years ago the total market for paints and coatings in the Middle East was about two million tons. By 2018 this will rise to over 2.5 million tons with an average annual growth rate of 3.6 percent. Increasing urbanization, infrastructure development, public and private sector investments are driving the coating markets in the wealthy Middle East.
Whilst in Africa the continent’s emerging middle income consumers are expected to drive new demand for housing, expansions in the manufacturing sectors and infrastructure investments are fueling higher frequencies of paint use. Despite political uncertainty in some countries overall Africa is more stable than decade ago. Foreign investments which are set to increase, are influential in the coatings market growth with regional and local producers gaining more presence. Coatings are required to achieve the goals of Africa’s development plans. |
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CMT’s 3rd Middle East & Africa Coatings brings together panel of industry leaders to ensure you gain insight on the demand supply balance of the various coatings sectors. Attend to strengthen your strategy and grow your market share within these regions. Register with your team today to enjoy group discount! For more information, contact huiyan@cmtsp.com.sg.
Key Sessions:
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"It is the only MENA regional event that addresses market issues. Its inherent importance stems from the fact that there is no available published data about the coatings market in the MENA region. Thus this conference is an excellent platform to exchange and challenge information and data in order to `paint' a more realistic and accurate picture of the coatings market." |
| Be a Sponsor or Exhibitor! |
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This event is an excellent platform to promote your organization to influential players and investors in the industry. Sponsorship opportunities available include Corporate, Exclusive luncheon & Cocktail sponsor.
Exhibition / catalogue display can be arranged upon request. Contact fiona@cmtsp.com.sg or (65) 6346 9138 |
Kansai Paints is planning to expand into the emerging Saudi Arabian coatings market. It plans to acquire Saudi Industrial Paint Co., a supplier of protective coatings to Saudi Arabian Oil Co. The acquisition is expected to help Kansai tap the Persian Gulf countries’ energy and infrastructure industries.
The deal is being negotiated currently and a final outcome is expected around Q4 of this year.
Kansai mainly caters to the Japanese auto industry. But the paints major is also looking at decorative paints and industrial coatings markets outside of Japan.
Although fall in oil prices have affected the GCC, countries such as Qatar, Kuwait and the United Arab Emirates are still going ahead with its infrastructure upgrades, opening opportunities for coatings players like Kansai.
In fact, GCC along with India are said to be the fastest-growing regions for the next five years.
Kansai expects to expand 10 percent per year in these markets. The SIPCO acquisition will allow Kansai to have operational presence in the Middle East, particularly in Saudi Arabia, allowing it to tap the business opportunities for protective coatings in the oil and gas industry.
Besides the Middle East, Kansai is also looking at Iran – where it restarted a factory this year and is waiting to capture the market once the country has a better economic system. Also on its expansion agenda are markets in in Kenya and Tanzania – where Kansai is looking at potential acquisitions.
More on paints and coatings market trends will be discussed at 3rd Middle East & Africa Coatings on 14-15 November, 2016 in Dubai.
Contact Ms. Huiyan huiyan@cmtsp.com.sg or call +65 6346 9113 for more information.
14 Oct, 2016
The Middle East & Africa region continues to be a strong market for the Coatings industry.
According to industry reports, the global powder coatings market is expected to grow at CAGR of 6.8 percent from 2016 to 2020, to over EUR9.99 billion in value. Both volume and revenues are projected to grow, led by robust demand from the packaging, automotive, consumer goods, general industry, architectural and other sectors.
Akzo Nobel is strengthening its footprint across the Middle East and North Africa region, with new joint ventures and recording double digit growth in the region. The company recently opened a new powder coatings plant to add to the EUR9.10 million facility opened in Dubai in 2014. This year in April, AkzoNobel and Al Mehwar Company for Construction and Development SPC (Al Mehwar) announced the formation of Akzo Nobel LLC, to boost its presence in the Qatar paints and coatings markets.
The newly created joint venture between the two partners is to distribute and sell the full range of AkzoNobel products in Qatar. Previously, a sister company of Al Mehwar was the distributor of Marine and Protective coatings product ranges. In raising its stake in Akzo Nobel Powder Coatings SAE in Egypt from 60 percent to 100 percent, the company is further accelerating its growth strategy in the region.
On the 14-15 of November, details on Coatings market trends and investment outlook in the MidEast & Africa as well as Growth prospects in Architecture/DIY, coil, powder, wood & automotive refinish markets will be anlayzed at CMT’s 3rd MEA Coatings held in Dubai.
Contact Ms. Huiyan huiyan@cmtsp.com.sg or call +65 6346 9113 for more information.
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22 Sep, 2016
