Product ID: UCMIR15E2616
Report ID:
UCMIR15E2616 |
Region:
Regional |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The market size of corrosion protection coatings in the Middle East & Africa was approximately USD 3,025.3 million in 2022 and is expected to experience a compound annual growth rate (CAGR) of 4.7% from 2023 to 2030. The expansion of this product market is linked to increased investments in the construction sector and the establishment of manufacturing centers in the region. Corrosion protection coatings (CPCs) are integral in the realm of automotive manufacturing, safeguarding vehicles against corrosion to ensure their robustness and prolonged lifespan. These coatings are administered to the body panels and structures of automobiles to counteract corrosion triggered by exposure to elements such as moisture, road salt, chemicals, and environmental factors. Employing a multi-layer coating system comprising pretreatment, primer, and topcoat, these coatings serve as a barrier, impeding the infiltration of moisture and corrosive agents to the underlying metal surfaces.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Specialty Chemicals by segment aggregation, the contribution of the Specialty Chemicals in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIR15E2616