Africa Paints Market (2020-2026) | Analysis, Size, Share, Revenue, Forecast, Trends, Growth, Industry, Outlook & COVID-19 IMPACT

Market Forecast by Technology (Waterborne, Solvent-borne and Powder), by Resin (Acrylic, Epoxy, Alkyd, Polyurethane and Polyester), by Application (Architectural and Industrial), By countries (South Africa, Kenya, Ghana, Nigeria and rest of Africa) and Competitive Landscape

Product Code: ETC054406 Publication Date: Mar 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 200 No. of Figures: 90 No. of Tables: 30

Latest 2023 Development of the Africa Paints Market

Africa Paints Market is a rapidly evolving market with significant growth potential. The market is majorly driven by the growth of the construction industry, rising disposable income, urbanization, and the rising demand for protective coatings in industrial applications. Many companies are heavily investing in research and development to develop new and innovative products to accomplish the specific needs of the market. The increasing disposable income of African middle class has led to an increase in demand for decorative paints and coatings for residences and other commercial buildings. Moreover, the automotive industry is experiencing significant growth, which is driving the demand for automotive coatings.

The government is also encouraging infrastructure development, which is fuelling the demand for industrial paints and coatings. For instance, the construction of bridges, roads, and other projects. Thus, propelling the overall growth of Africa Paints Industry. Furthermore, investment in the manufacturing sector is also proliferating the demand for protective coatings to protect machinery and equipment from wear and tear. There is a growing awareness of environmental concerns in Africa, which is driving the demand for eco-friendly and sustainable paints. 

Africa Paints Market Synopsis

Africa Paints Market is expected to witness growth over the forecast period due to Africa’s growing population and rising demand for paints and coating. Painting is being done in homes, apartments, buildings and schools which is surging the demand for the market in the region. The increase in the number of house owners, increasing spending capacity and evolving way of life has made the demand for paints rise. Changing the painting preferences of people in Africa has also created a demand for better paints and coating products further raising the demand for paints for production purposes.

According to 6Wresearch, the Africa Paints Market size is anticipated to register growth during 2020-2026. Production of paints products was disturbed due to Covid-19 and the effect could be seen in Africa paints Market as well. However, the rising purchase power of consumers on paints as well as the rising demand for homes due to the rise in population is driving the demand for paints again. Additionally, Urbanization is expected to be very rapid. With the increase in the construction of homes in Africa, the paint market has started to grow. Moreover, Consumers in Africa are moving towards a better lifestyle and new modern-looking paints, increasing the demand for paints and coating products. High demand for Paints for the construction of buildings, houses, and development of industries has driven Africa’s Paints Market and is expected to grow more over the forecasting period.

The market segmentation is based on Products such as Primers, Oil-based and latex house paint, Acrylic paint and Polyester. Furthermore, the market is segmented into distribution channels such as online and offline stores. Based on verticals, government, Hospitality, and business verticals are expected to have the greatest interest over the forecast period owing to the growing construction projects in these sectors due to the rise in population and urbanization.

Africa Paints Market report thoroughly covers the market by resin, technology, application and countries including South Africa, Kenya, Nigeria, Ghana and the rest of Africa. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies accordingly to the current and future market dynamics.

Key Highlights of The Report

  • Africa Paints Market Outlook
  • Africa Paints Market Overview
  • Africa Paints Market Forecast
  • Historical Data for the period 2016-2019 and Market Forecast of Africa Paints Market Revenues until 2026
  • Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Technology
  • Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Resin
  • Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Application
  • Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Countries
  • Historical Data for the period 2016-2019 and Market Forecast until 2026 for South Africa Paints Market
  • Historical Data for the period 2016-2019 and Market Forecast until 2026 for Nigeria Paints Market
  • Historical Data for the period 2016-2019 and Market Forecast until 2026 for Kenya Paints Market
  • Historical Data for the period 2016-2019 and Market Forecast until 2026 for Ghana Paints Market
  • Historical Data for the period 2016-2019 and Market Forecast until 2026 for the rest of Africa Paints Market
  • Market Drivers and Restraints
  • Africa Paints Market Trends
  • Industry Life Cycle
  • Porter’s Five Force Analysis
  • Market Opportunity Assessment
  • Africa Paints Market Share, By Players
  • Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

By Technology:

  • Waterborne
  • Solvent-borne
  • Powder

By Resin:

  • Acrylic
  • Epoxy
  • Alkyd
  • Polyurethane
  • Polyester

By Application:

  • Architectural
  • Industrial

By Countries:

  • South Africa
  • Nigeria
  • Kenya
  • Ghana
  • Rest of Africa
Africa Paints Market: FAQs
Growing population, urbanization, and increasing construction activities in various sectors are the primary drivers of Africa paints market.
Fluctuations in raw material prices and the availability of low-cost imported paints are the major challenges faced by the market.
The COVID-19 pandemic led to a slowdown in construction activities, which negatively impacts market expansion during the pandemic.
The adoption of eco-friendly paints, the increasing use of digital technology for color selection, and the growing trend of using paints for advertising purposes.
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1. Executive Summary
2. Introduction
2.1. Key Highlights of the Report
2.2. Report Description
2.3. Market Scope & Segmentation
2.4. Research Methodology
2.5. Assumptions
3. Africa Paints Market Overview
3.1. Africa Paints Market Revenues, 2019 & 2026F
3.2. Africa Paints Market - Industry Life Cycle
3.3. Africa Paints Market - Porter's Five Forces
3.4. Africa Paints Market Revenue Share, By Resin, 2019 & 2026F
3.5. Africa Paints Market Revenue Share, By Technology, 2019 & 2026F
3.6. Africa Paints Market Revenue Share, By Application, 2019 & 2026F
3.7. Africa Paints Market Revenue Share, By Countries, 2019 & 2026F
4. Africa Paints Market Dynamics
4.1. Impact Analysis
4.2. Market Drivers
4.3. Market Restraints
5. Africa Paints Market Trends
6. Africa Paints Market, By Resin
6.1. Africa Paints Market, By Resin
6.1.1. Overview and Analysis
6.1.2. Africa Paints Market Revenues, By Acrylic, 2016 - 2026F
6.1.3. Africa Paints Market Revenues, By Alkyd, 2016 - 2026F
6.1.4. Africa Paints Market Revenues, By Epoxy, 2016 - 2026F
6.1.5. Africa Paints Market Revenues, By Polyurethane, 2016 - 2026F
6.1.6. Africa Paints Market Revenues, By Powder, 2016 - 2026F
6.1.7. Africa Paints Market Revenues, By Polyester, 2016 - 2026F
7. Africa Paints Market, By Technology
7.1. Africa Paints Market, By Technology
7.1.1. Overview and Analysis
7.1.2. Africa Paints Market Revenues, By Waterborne, 2016 - 2026F
7.1.3. Africa Paints Market Revenues, By Solvent Borne, 2016 - 2026F
8. Africa Paints Market, By Application
8.1. Africa Paints Market, By Application
8.1.1. Overview and Analysis
8.1.2. Africa Paints Market Revenues, By Industrial, 2016 - 2026F
8.1.3. Africa Paints Market Revenues, By Architectural, 2016 - 2026F
9. South Africa Paints Market
9.1. South Africa Paints Market, By Resin
9.2. South Africa Paints Market, By Technology
9.3. South Africa Paints Market, By Application
9.4. South Africa Paints Market, By Countries
10. Kenya Paints Market
10.1. Kenya Paints Market, By Resin
10.2. Kenya Paints Market, By Technology
10.3. Kenya Paints Market, By Application
10.4. Kenya Paints Market, By Countries
11. Ghana Paints Market
11.1. Ghana Paints Market, By Resin
11.2. Ghana Paints Market, By Technology
11.3. Ghana Paints Market, By Application
11.4. Ghana Paints Market, By Countries
12. Nigeria Paints Market
12.1. Nigeria Paints Market, By Resin
12.2. Nigeria Paints Market, By Technology
12.3. Nigeria Paints Market, By Application
12.4. Nigeria Paints Market, By Countries
13. Rest of Africa Paints Market
13.1. Rest of Africa Paints Market Overview
14. Africa Paints Market Import-Export Trade Statistics
14.1. Africa Paints Market Export to Major Countries
14.2. Africa Paints Market Imports from Major Countries
15. Africa Paints Market Key Performance Indicators
16. Africa Paints Market - Opportunity Assessment
16.1. Africa Paints Market Opportunity Assessment, By Technology, 2019 & 2026F
16.2. Africa Paints Market Opportunity Assessment, By Resin, 2019 & 2026F
17. Africa Paints Market - Competitive Landscape
17.1. Africa Paints Market Revenue Share, By Companies, 2019
17.2. Africa Paints Market Competitive Benchmarking, By Operating and Technical Parameters
18. Company Profiles
19. Recommendations
20. Disclaimer

North America Paints Market (2020-2026): Market Forecast By Technology (Waterborne, Solvent Borne And Powder), By Resin (Acrylic, Epoxy, Alkyd, Polyurethane And Polyester), By Application (Architectural And Industrial), By Countries (United States, Canada) And Competitive Landscape

Latin America Paints Market (2020-2026): Market Forecast By Technology (Waterborne, Solvent Borne And Powder), By Resin (Acrylic, Epoxy, Alkyd, Polyurethane And Polyester), By Application (Architectural And Industrial), By Countries (Mexico, Argentina, Chile, Brazil And Rest Of Latin America) And Competitive Landscape

Europe Paints Market (2020-2026): Market Forecast By Technology (Waterborne, Solvent Borne And Powder), By Resin (Acrylic, Epoxy, Alkyd, Polyurethane And Polyester), By Application (Architectural And Industrial), By Countries (Germany, Spain, United Kingdom, Italy And Rest Of Europe) And Competitive Landscape

Asia Pacific (APAC) Paints Market (2020-2026): Market Forecast By Technology (Waterborne, Solvent Borne And Powder), By Resin (Acrylic, Epoxy, Alkyd, Polyurethane And Polyester), By Application (Architectural And Industrial), By Countries (India, Japan, South Korea, China And Rest Of Asia Pacific) And Competitive Landscape

Middle East Paints Market (2020-2026): Market Forecast By Technology (Waterborne, Solvent Borne And Powder), By Resin (Acrylic, Epoxy, Alkyd, Polyurethane And Polyester), By Application (Architectural And Industrial), By Countries (Saudi Arabia, Qatar, Bahrain, UAE And Rest Of Middle East) And Competitive Landscape

Global Paints Market (2020-2026): Market Forecast By Technology (Waterborne, Solvent Borne And Powder), By Resin (Acrylic, Epoxy, Alkyd, Polyurethane And Polyester), By Application (Architectural And Industrial), By Regions (North America, Europe, Middle East, Latin America, Asia Pacific And Africa) And Competitive Landscape

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