Middle East and Africa Surface Treatment Chemicals Market Size Expand at CAGR of 5% to Surpass USD 789 Million and 56,000 Tons by 2030
Published | 22 March 2024
Middle East and Africa Surface Treatment Chemicals Market is flourishing due to the increasing demand from end use industries, growing number of large infrastructure development projects, and a focus on complying with stringent environmental regulations.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Middle East and Africa Surface Treatment Chemicals Market size by value at USD 632.21 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Middle East and Africa Surface Treatment Chemicals Market size to expand at a CAGR of 4.99% reaching a value of USD 789.19 million by 2030. Surface Treatment Chemicals Market in UAE is propelled by the increasing demand from industrial and residential infrastructures and rising issue of corrosion in metals within the region. Notably, there is a rising demand for low-density durable materials and metals across various emerging industries such as automotive, transport, and construction. The increased sales of passenger cars, driven by a rise in per capita expenditure on luxury vehicles, are expected to create lucrative opportunities for the players in the market. The ongoing rapid industrialization in various Middle East and African countries, coupled with the growth of international trade, is contributing to opportunities in the transportation sector. Additionally, the expansion of commercial and residential infrastructure in the construction industry is projected to drive the demand for metal cleaning chemicals in the next decade. Also, prominent end use sectors, including marine, defense, and aerospace, are anticipated to further increase the demand for metals, consequently boosting sales of surface treatment chemicals.
By volume, BlueWeave estimated the Middle East and Africa Surface Treatment Chemicals Market size at 48.2 thousand tons in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Middle East and Africa Surface Treatment Chemicals Market size by volume is projected to grow at a CAGR of 5.03% reaching the volume of 56.7 thousand tons by 2030.
Impact of Geopolitical Tensions on Middle East and Africa Surface Treatment Chemicals Market
Geopolitical tensions in the Middle East and Africa have a pronounced impact on the Surface Treatment Chemicals Market. Owing to the intensifying geopolitical instability in the region, supply chain disruptions, regulatory uncertainties, and trade restrictions become prevalent, influencing the production and distribution of surface treatment chemicals. These tensions often result in fluctuations in raw material prices, hindering market growth. Additionally, heightened geopolitical risks can deter foreign investments, affecting the overall economic landscape and industrial activities. Businesses in the surface treatment sector face challenges in maintaining operational continuity and strategic planning amid the unpredictable geopolitical environment, making it imperative for stakeholders to adapt resilient strategies to navigate these complexities and sustain market stability.
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Middle East and Africa Surface Treatment Chemicals Market
Segmental Information
Middle East and Africa Surface Treatment Chemicals Market – By End Use Industry
By end use industry, the Middle East and Africa Surface Treatment Chemicals Market is divided into Automotive & Transportation, Construction, Electronics, and Industrial Machinery segments. The automotive & transportation segment holds the highest share in the Middle East and Africa Surface Treatment Chemicals Market by end use industry. The enhancement of road infrastructure and continuous urban development is expected to result in a rising global population of personal vehicles. The automotive industry holds a crucial position in the economic landscape of any nation. Notably, the substantial growth in the production of electric vehicles (EVs) in recent years is expected to further amplify the overall expansion of the automotive sector. Consequently, the escalating worldwide production of vehicles is projected to drive the demand for chemical surface treatment products. This underscores the interconnected growth of the automotive industry and the market for surface treatment chemicals.
Middle East and Africa Surface Treatment Chemicals Market – By Country
The in-depth research report on the Middle East and Africa Surface Treatment Chemicals Market covers the market in the region’s major countries including Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, and Rest of MEA. The UAE region holds the highest share in the Middle East and Africa Surface Treatment Chemicals Market and is expected to maintain its dominance during the forecast period. The growth is fueled by the escalating use of cleaning chemicals in diverse industries like transportation, industrial machinery, and aerospace, leveraging surface treatment properties such as corrosion and wear resistance. Additionally, the demand for non-electrolytic chemicals and a focus on eco-friendly innovations contribute to the UAE's market prominence. Factors including robust demand from the metalworking industry, infrastructure development, industrialization, and residential construction activities are expected to further augment the UAE Surface Treatment Chemical Market growth over the forecast period.
Competitive Landscape
The Middle East and Africa Surface Treatment Chemicals Market is fragmented, with numerous players serving the market. The key players dominating the Middle East and Africa Surface Treatment Chemicals Market include Akzo Nobel N.V., ASCO Ltd, Axalta Coating Systems, BASF SE (Chemetall), Bodycote, COVENTYA International, Dow, DuPont, DynaChem South Africa (Pty) Ltd, and Henkel Jebel Ali FZCO. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and the Middle East and Africa Surface Treatment Chemicals Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Middle East and Africa Surface Treatment Chemicals Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
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