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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Definition of Market/Industry:

Corrosion protective coatings is applied on the surface in order to prevent degradation from oxidation, chemical, and moisture. It create a barrier between the environmental factors and surface of the product that inhibit the corrosion of the surface. Zinc and titanium dioxide is commonly used for corrosion protective coatings. Acid proof lining provide resistance to chemical, mechanical, and thermal stresses. Moreover, acid proof linings are also used in the transition areas such as dry or wet and hot or cold.

The MENA Corrosion Protective Coatings & Acid Proof Lining market is estimated to be valued at US$ 2,445.5 million in 2021 and is expected to exhibit a CAGR of 5.1 % over the forecast period (2021-2028).

Recent Developments:

  • January 1, 2020. Al Gurg Paints has signed an exclusive distribution agreement with Al Gurg Paints for their Viero brand in order to increase its presence in the UAE market. The agreement was signed by Stefano Deri, Export Director Cromology and Easa F. Al Gurg, Chief Executive Officer, Easa Saleh Al Gurg Commercial & Industrial Group.
  • On 27 November 2020, DicoTech received the appreciation Letter for the Successful Completion of ORYX GTL Shutdown– 2020 on Fireproofing Scope
  • In November 2019, Ashland launched two new foam control agents for the water-based industrial coatings market. Drewplus L- 3500 and L-3510 foam control agents are the new standard in controlling macro – and microfoam in high shear spray applied coatings, providing an excellent balance between activity and compatibility.

Figure 1. MENA Corrosion Protective Coatings & Acid Proof Lining Market Value (US$ Mn), by Country, 2020

MENA Corrosion Protective Coatings & Acid Proof Lining  | Coherent Market Insights

Saudi Arabia held dominant position in the MENA Corrosion Protective Coatings & Acid Proof Lining market in 2020, accounting for 31.80% share in terms of volume, followed by U.A.E. and Qatar, respectively. Rising demand for protective coatings from the mining industry is expected to augment the market growth of the Saudi Arabia corrosion protective coatings & acid proof lining.

Drivers:

Growing focus of the government and consumer in the MENA region to promote non-oil industries is expected to serve as a major driver factor to the market of MENA corrosion protective coatings & acid proof lining. Growth in the major investment in the development of public infrastructure and manufacturing sectors by regional bodies for the growth of the economy is further projected to accelerate the market growth of the MENA corrosion protective coatings & acid proof lining.

Increasing steel production in the MENA region is expected to propel the market growth of the corrosion protective coatings & acid proof lining. According to the World Steel Association, the Middle East produced 38.5 Mt of crude steel in 2018, an increase of 11.7% in 2017. Iran produced 25.0 Mt in 2018, up 17.7% in 2017. Therefore, growth in steel production in the MENA region is projected to accelerate the market growth of the corrosion protective coatings & acid proof lining.

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MENA Corrosion Protective Coatings & Acid Proof Lining Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2021: US$ 2,330.5 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 5.1% 2028 Value Projection: US$ 3,464.07 Mn
Geographies covered:
  • Regions: United Arab Emirates (UAE), Saudi Arabia, Qatar, Oman, Kuwait, Bahrain, Iran, Iraq, Morocco, Egypt, Jordan
Segments covered:
  • By Product Type: Polymer Coatings, Rubber Lining Systems, and Acid Proof Lining
  • By End-use: Marine, Transportation, Chemicals, Water Treatment, Mining, Oil & Gas, Power Generation, and Others
Companies covered:

Hajjan Trading & Industrial Services Company Ltd. (HATCON), KCC Corrosion Control Co. Ltd., Al-sabaiea National Gen. Cont. & Gen. Trd. Co., Rezayat Protective Coating Company Ltd., Bahrain Rubber Company W.L.L., Anticorrosion Protective Systems L.L.C., Al Gurg Paints LLC., DicoTech Limited, REMA TIP TOP AG (TIP TOP Oberflächenschutz Elbe GmbH), General Industries Co. Ltd, and FABA Commercial Services W.L.L., Ashland 

Growth Drivers:
  • Growing non-oil industries
  • Increasing steel production 
Restraints & Challenges:
  • Complications associated with the inventory management
  • High dependency on import 

Market Opportunities

Growing demand for industrial coatings due to the increasing number of manufacturing facilities is expected to open new avenues to the market of MENA corrosion protective coatings & acid proof lining. A growing number of manufacturing industries across the major MEA economies such as Israel, Iran, South Africa, Egypt, Nigeria, Saudi Arabia, Algeria, UAE, and Qatar as they contribute around 70% of regional GDP and a present large number of regional coatings market are expected to propel the market growth.

Growth in the chemical sector in the region is projected to provide lucrative growth opportunities to the market of MENA corrosion protective coatings & acid proof lining. According to the Hydrocarbon Engineering GCC chemical industry achieved a revenue of US$84.1 billion in 2018, with production capacity reaching 174.8 million t, signaling an increase of 2.8% in terms of contribution to the regional GDP. Oman’s chemical sector has the highest contribution to GDP among the GCC countries, with 5.1% in 2018. 

Market Trends

Specialty coatings are gaining popularity for pipeline corrosion applications across various industries is expected to be a major trend in the market. Specialty coatings ensure the smooth and proper functioning of the operations across various industries. In MENA region where pipelines are highly exposed to harsh environments and adverse operating conditions, and thus maintenance of the pipeline is utmost importance in the region.

The corrosion protective coatings market in the MENA region is experiencing a swift shift from industry-defined products and pre-formulated and to customized and industry-specific product launches. This trend is highly prevalent in the oil & gas and petrochemicals industry. This ongoing trend is expected to foster market growth over the forecast period.

Figure 2. MENA Corrosion Protective Coatings & Acid Proof Lining Market Share, By Product Type, 2020

MENA Corrosion Protective Coatings & Acid Proof Lining  | Coherent Market Insights

Key Takeaways of the Graph:

  • The polymer coatings type held dominant position in the market and accounted for 65% share in the MENA Corrosion Protective Coatings & Acid Proof Lining market in 2020. The segment is expected to reach US$ 2251.64 million in 2028. Rising demand for polymer coatings from the mining industry is expected to augment the market growth of this segment.

Market Restraints

High dependence on the import, challenges associated with the maintaining of the inventory, and high cost of the imports is projected to hamper the market growth of the corrosion protective coatings & acid proof lining. All these factors result in higher operational costs and lower return of investment.

Lack of manufacturing facility for the production of the corrosion coatings in the Middle East is expected to hinder the market growth of the corrosion protective coatings & acid proof lining. Most of the demand for corrosion protective coatings is met through import from North Africa regions have a large number of manufacturing facilities. This factor is expected to restrict market growth.

Competitive Section:

Company Names 

  1. Hajjan Trading & Industrial Services Company Ltd. (HATCON
  2. KCC Corrosion Control Co. Ltd.
  3. Al-sabaiea National Gen. Cont. & Gen. Trd. Co.
  4. Rezayat Protective Coating Company Ltd.
  5. Bahrain Rubber Company W.L.L.
  6. Anticorrosion Protective Systems L.L.C.
  7. Al Gurg Paints LLC.
  8. DicoTech Limited
  9. REMA TIP TOP AG (TIP TOP Oberflächenschutz Elbe GmbH)
  10. General Industries Co. Ltd
  11. FABA Commercial Services W.L.L.
  12. Ashland

Corrosion protective coatings is a special type of Polyurethane coating available for many industrial products. As with other similar products, it is primarily used in the aerospace industry where extreme temperatures are a part of everyday operations. It is a thin layer on a metal part, designed to be applied at very high temperatures (or even sprayed at high temperatures) and then allowed to cool and harden, creating a strong barrier that prevents further corrosion. Common applications of this protective coating include bulletproof vests, water tanks, generator mufflers, and many more.

Market Dynamics:

Rapid growth in the non-oil industry and increasing production of steel in the region is driving growth of the MENA Corrosion Protective Coatings & Acid Proof Lining market. According to Worldsteel data, Middle East crude steel production increased by 11.80% in 2017, with a total output of 32.45 million tonnes, compared with 29.03 million tonnes in 2016. The countries in the total include the United Arab Emirates (UAE), Iran, Saudi Arabia and Qatar.  

On the other hand, lack of manufacturing facility for corrosion protective coatings and high dependency on import is expected to hamper growth of the market.

Key features of the study:

  • This report provides in-depth analysis of the MENA Corrosion Protective Coatings & Acid Proof Lining Market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the MENA Corrosion Protective Coatings & Acid Proof Lining Market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Hajjan Trading & Industrial Services Company Ltd. (HATCON), KCC Corrosion Control Co. Ltd., Al-sabaiea National Gen. Cont. & Gen. Trd. Co., Rezayat Protective Coating Company Ltd., Bahrain Rubber Company W.L.L., Anticorrosion Protective Systems L.L.C., Al Gurg Paints LLC., DicoTech Limited, REMA TIP TOP AG (TIP TOP Oberflächenschutz Elbe GmbH), General Industries Co. Ltd, and FABA Commercial Services W.L.L.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The MENA Corrosion Protective Coatings & Acid Proof Lining Market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the MENA Corrosion Protective Coatings & Acid Proof Lining Market

Detailed Segmentation:

  • MENA Corrosion Protective Coatings & Acid Proof Lining Market, By Product Type:
    • Polymer Coatings
    • Rubber Lining Systems
    • Acid Proof Lining
  • MENA Corrosion Protective Coatings & Acid Proof Lining Market, By End-Use
    • Marine
    • Transportation
    • Chemicals
    • Water Treatment
    • Mining
    • Oil & Gas
    • Power Generation
    • Others
  • MENA Corrosion Protective Coatings & Acid Proof Lining Market, By Region:
    • MENA
      • United Arab Emirates (UAE)
        • By Product Type:
          • Polymer Coatings
          • Rubber Lining Systems
          • Acid Proof Lining
        • By End-Use
          • Marine
          • Transportation
          • Chemicals
          • Water Treatment
          • Mining
          • Oil & Gas
          • Power Generation
          • Others
      • Saudi Arabia
        • By Product Type:
          • Polymer Coatings
          • Rubber Lining Systems
          • Acid Proof Lining
        • By End-Use
          • Marine
          • Transportation
          • Chemicals
          • Water Treatment
          • Mining
          • Oil & Gas
          • Power Generation
          • Others
      • Qatar
        • By Product Type:
          • Polymer Coatings
          • Rubber Lining Systems
          • Acid Proof Lining
        • By End-Use
          • Marine
          • Transportation
          • Chemicals
          • Water Treatment
          • Mining
          • Oil & Gas
          • Power Generation
          • Others
      • Oman
        • By Product Type:
          • Polymer Coatings
          • Rubber Lining Systems
          • Acid Proof Lining
        • By End-Use
          • Marine
          • Transportation
          • Chemicals
          • Water Treatment
          • Mining
          • Oil & Gas
          • Power Generation
          • Others
      • Kuwait
        • By Product Type:
          • Polymer Coatings
          • Rubber Lining Systems
          • Acid Proof Lining
        • By End-Use
          • Marine
          • Transportation
          • Chemicals
          • Water Treatment
          • Mining
          • Oil & Gas
          • Power Generation
          • Others
      • Bahrain
        • By Product Type:
          • Polymer Coatings
          • Rubber Lining Systems
          • Acid Proof Lining
        • By End-Use
          • Marine
          • Transportation
          • Chemicals
          • Water Treatment
          • Mining
          • Oil & Gas
          • Power Generation
          • Others
      • Iran
        • By Product Type:
          • Polymer Coatings
          • Rubber Lining Systems
          • Acid Proof Lining
        • By End-Use
          • Marine
          • Transportation
          • Chemicals
          • Water Treatment
          • Mining
          • Oil & Gas
          • Power Generation
          • Others
      • Iraq
        • By Product Type:
          • Polymer Coatings
          • Rubber Lining Systems
          • Acid Proof Lining
        • By End-Use
          • Marine
          • Transportation
          • Chemicals
          • Water Treatment
          • Mining
          • Oil & Gas
          • Power Generation
          • Others
      • Morocco
        • By Product Type:
          • Polymer Coatings
          • Rubber Lining Systems
          • Acid Proof Lining
        • By End-Use
          • Marine
          • Transportation
          • Chemicals
          • Water Treatment
          • Mining
          • Oil & Gas
          • Power Generation
          • Others
      • Egypt
        • By Product Type:
          • Polymer Coatings
          • Rubber Lining Systems
          • Acid Proof Lining
        • By End-Use
          • Marine
          • Transportation
          • Chemicals
          • Water Treatment
          • Mining
          • Oil & Gas
          • Power Generation
          • Others
      • Kuwait
        • By Product Type:
          • Polymer Coatings
          • Rubber Lining Systems
          • Acid Proof Lining
        • By End-Use
          • Marine
          • Transportation
          • Chemicals
          • Water Treatment
          • Mining
          • Oil & Gas
          • Power Generation
          • Others
          • Others
      • Jordan
        • By Product Type:
          • Polymer Coatings
          • Rubber Lining Systems
          • Acid Proof Lining
        • By End-Use
          • Marine
          • Transportation
          • Chemicals
          • Water Treatment
          • Mining
          • Oil & Gas
          • Power Generation
          • Others
  • Company Profiles
    • Hajjan Trading & Industrial Services Company Ltd. (HATCON) *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • KCC Corrosion Control Co. Ltd
    • Al-sabaiea National Gen. Cont. & Gen. Trd. Co.
    • Rezayat Protective Coating Company Ltd.
    • Bahrain Rubber Company W.L.L.
    • Anticorrosion Protective Systems L.L.C.
    • Al Gurg Paints LLC.
    • DicoTech Limited, REMA TIP TOP AG (TIP TOP Oberflächenschutz Elbe GmbH)
    • General Industries Co. Ltd
    • FABA Commercial Services W.L.L
    • Ashland

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By End-Use
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
      • PORTER’s Five Forces Analysis
      • PEST Analysis
      • Key Developments
      • Market Attractiveness Analysis
  4. MENA Corrosion Protective Coatings & Acid Proof Lining Market - Impact of Coronavirus (COVID-19) Pandemic
    • Overview
    • Factors Affecting Global Feed Acid Market – COVID-19
    • Impact Analysis
  5. MENA Corrosion Protective Coatings & Acid Proof Lining , By Product Type, 2017- 2028 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019, 2022, and 2028 (%)
      • Y-o-Y Growth Analysis, 2020 - 2028
      • Segment Trends
    • Polymer Coatings
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2028, (US$ Mn)
    • Rubber Lining Systems
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2028, (US$ Mn)
    • Acid Proof Lining
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2028, (US$ Mn)
  6. MENA Corrosion Protective Coatings & Acid Proof Lining Market, By End-Use, 2017- 2028 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019, 2022, and 2028 (%)
      • Y-o-Y Growth Analysis, 2020 - 2028
      • Segment Trends
    • Marine
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2028, (US$ Mn)
    • Transportation
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2028, (US$ Mn)
    • Chemicals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2028, (US$ Mn)
    • Water Treatment
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2028, (US$ Mn)
    • Mining
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2028, (US$ Mn)
    • Oil & Gas
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2028, (US$ Mn)
    • Power Generation
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2028, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2028, (US$ Mn)
  7. MENA Corrosion Protective Coatings & Acid Proof Lining Market, By Country, 2017- 2028 (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2019, 2022, and 2028 (%)
      • Y-o-Y Growth Analysis, For Regions, 2020 - 2028
        • United Arab Emirates (UAE)
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2028 (US$ Mn)
          • Market Size and Forecast, By End-Use, 2017- 2028 (US$ Mn)
        • Saudi Arabia
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2028 (US$ Mn)
        • Qatar
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2028 (US$ Mn)
          • Market Size and Forecast, By End-Use, 2017- 2028 (US$ Mn)
        • Oman
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2028 (US$ Mn)
          • Market Size and Forecast, By End-Use, 2017- 2028 (US$ Mn)
        • Kuwait
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2028 (US$ Mn)
          • Market Size and Forecast, By End-Use, 2017- 2028 (US$ Mn)
        • Bahrain
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2028 (US$ Mn)
          • Market Size and Forecast, By End-Use, 2017- 2028 (US$ Mn)
        • Iran
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2028 (US$ Mn)
          • Market Size and Forecast, By End-Use, 2017- 2028 (US$ Mn)
        • Iraq
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2028 (US$ Mn)
          • Market Size and Forecast, By End-Use, 2017- 2028 (US$ Mn)
        • Morocco
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2028 (US$ Mn)
          • Market Size and Forecast, By End-Use, 2017- 2028 (US$ Mn)
        • Egypt
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2028 (US$ Mn)
          • Market Size and Forecast, By End-Use, 2017- 2028 (US$ Mn)
        • Jordan
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2028 (US$ Mn)
          • Market Size and Forecast, By End-Use, 2017- 2028 (US$ Mn)
  8. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • Hajjan Trading & Industrial Services Company Ltd. (HATCON)
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • KCC Corrosion Control Co. Ltd
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      •  Al-sabaiea National Gen. Cont. & Gen. Trd. Co.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Rezayat Protective Coating Company Ltd
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Bahrain Rubber Company W.L.L
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Anticorrosion Protective Systems L.L.C.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Al Gurg Paints LLC
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • DicoTech Limited, REMA TIP TOP AG (TIP TOP Oberflächenschutz Elbe GmbH)
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • General Industries Co. Ltd
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • FABA Commercial Services W.L.L
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Ashland
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 25 market data tables* and 20 figures* on MENA Corrosion Protective Coatings & Acid Proof Lining Market” - Global forecast to 2028.

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Frequently Asked Questions

The MENA Corrosion Protective Coatings & Acid Proof Lining market size is estimated to be valued at US$ 2,445.5 Million in 2021 and is expected to exhibit a CAGR of 5.1% between 2021 and 2028.
Growing non-oil industries and increasing steel production are the factors fuelling growth of market.
The Polymer coatings segment is the leading component segment in the market.
Lack of manufacturing facility and high dependency on imports is expected to hinder growth of the market.
Major players operating in the market include, Hajjan Trading & Industrial Services Company Ltd. (HATCON), KCC Corrosion Control Co. Ltd., Al-sabaiea National Gen. Cont. & Gen. Trd. Co., Rezayat Protective Coating Company Ltd., Bahrain Rubber Company W.L.L., Anticorrosion Protective Systems L.L.C., Al Gurg Paints LLC., DicoTech Limited, REMA TIP TOP AG (TIP TOP Oberflächenschutz Elbe GmbH), General Industries Co. Ltd, and FABA Commercial Services W.L.L.
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