January 23, 2017 - 7:23 AM EST
Print Email Article Font Down Font Up
$1.95 Billion Corrosion Protective Coatings & Acid Proof Lining Market: Middle East and North Africa Industry Analysis and Opportunity Assessment, 2016-2026 - Research and Markets

Research and Markets has announced the addition of the "Corrosion Protective Coatings & Acid Proof Lining Market: Middle East and North Africa Industry Analysis and Opportunity Assessment, 2016-2026" report to their offering.

Market revenue from the MENA corrosion protective coatings and acid proof lining market is estimated to be valued at US$ 1,953.0 Mn by 2016 end, which is expected to increase at a CAGR of 4.9% over the forecast period 2016-2026.

Strategic government initiatives to promote non-oil industries in the Middle East and North Africa in recent years is expected to be one of the major factors driving growth of the MENA corrosion protective coatings and acid proof linings market over the forecast period (2016-2026).

Increasing activities in shipping, offshore repair and shipbuilding in the Middle East & North Africa in recent years are factors anticipated to drive demand for corrosion protective coatings in the region over the forecast period. Also, robust growth in end-user industries such as marine, oil & gas and chemicals in MENA is in turn expected to drive growth of the market in the region. On the other hand, major economies and industries in MENA region are still heavily dependent on crude oil production, export and fiscal revenue generated from it.

Slump in crude oil prices in recent years has heavily affected the growth of major economies as well as industries in MENA region, in turn affecting the demand for corrosion protective coatings and acid proof linings. Slump in crude oil prices in recent years and the near future is anticipated to be the major restraint for growth of the MENA corrosion protective coatings and acid proof linings market.

Key players in the MENA corrosion protective coatings and acid proof linings market focus on developing specialty coatings for rehabilitation of pipelines in order to capitalise on favourable growth opportunities related to the same. This is expected to be a major trend in the market over the next few years.

Key players identified in this report are

  • Cape RB Hilton Saudi Arabia Ltd.
  • Hertel OTC
  • StonCor Middle East LLC
  • Kaefer LLC.
  • REMA TIP TOP AG
  • KCC Corrosion Control Co.
  • StonCor Middle East LLC
  • Anticorrosion Protective Systems L.L.C.
  • Al Gurg Paints LLC.
  • Ineco Limited
  • Global Suhaimi
  • Ocean Rubber Factory LLC
  • Hajjan Trading & Industrial Services Company Ltd. (HATCON)
  • Rezayat Protective Coating Company Ltd.
  • Al-sabaiea National Gen. Cont. & Gen. Trd. Co.
  • Bahrain Rubber Company W.L.L.
  • DicoTech Limited
  • General Industries Co. Ltd.
  • FABA Commercial Services W.L.L.
  • Beugin Industrie Sas
  • GARAY Group
  • Arcoy Morac SARL
  • Uniresins Proprietary Limited
  • GEAS RIVESTIMENTI s.r.l.
  • Al Dobowi Limited
  • Aderan Dej Co. Ltd.
  • Wisdom Group
  • Keran Wazin Sanat Co.
  • Binzagr Factory for Insulation Materials Co. Ltd.
  • International Coatings Iran
  • Kasra Industrial Lining and Coating Company
  • Payesh Sanat Pooyesh (PSP) (Corrocoat).

For more information about this report visit http://www.researchandmarkets.com/research/5pxg2r/corrosion

Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Paints and Coatings, Paints and Coatings


Source: Business Wire (January 23, 2017 - 7:23 AM EST)

News by QuoteMedia
www.quotemedia.com

Legal Notice