Africa Automotive Refinish Coatings Market Size, Growth Analysis Report, Forecast to 2033

According to Future Market Insights (FMI), Africa’s automotive refinish coatings market size is forecast to reach US$ 108.9 million in 2023. Total sales of automotive refinish coatings across Africa are slated to rise at 4.3% CAGR from 2023 and 2033, generating a market valuation of US$ 165.5 million by the end of 2033.

Booming automotive industry and increasing spending on maintaining the aesthetic appearance of vehicles are key factors driving the Africa automotive refinish coatings market. In recent years, increase in per capita income of people has led to a surge in the sales of passenger cars, especially luxury and executive cars.

Vehicle owners, today, focus on the maintenance of their vehicles, which has led to increased investments in the insurance of vehicles covering refinish coatings and repair costs, etc. People are refurbishing their old cars, which is creating enormous demand for automotive refinish coatings across African countries and the trend is expected to continue during the projection period.

Government initiatives to encourage the adoption of electric vehicles is also contributing to the expansion of the automotive refinish coatings market in Africa. FMI predicts electric vehicle sales to increase rapidly across African countries such as South Africa and Egypt due to growing pollution levels and rising fuel prices. This in turn will create lucrative growth opportunities for automotive refinish coating manufacturers.

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Who is Winning?

New product launches, facility expansions, partnerships, acquisitions, and collaborations are few of the key strategies adopted by automotive refinish coating manufacturers across Africa.

Top companies listed in the report include Nippon Paint Holdings Co., Guangzhou Zhenroumei Chemical Coating Limited, AkzoNobel N.V., James Briggs Limited, Axalta Coating Systems TOA Performance Coating Corporation CO., Ltd., Kansai Paint Co., Ltd., The Sherwin-Williams Company, The Lubrizol Corporation, HMG Paints Ltd., The Dow Chemical Company, Ltd., PPG Industries, Inc., KAPCI Coatings, 3M Company, NOVOL Sp. Z o.o., Sheboygan Paint Company, Cresta Paint Industries Ltd., NOROO Paint, and Coatings Co., Ltd., Reichhold LLC, Yashm Paint and Resin Industries, Allnex Group, and Covestro AG among others.

Africa Automotive Refinish Coatings Market Segmentation

By Material Type:

Polyurethane
Acrylics
Alkyd
Nitrocellulose

By Product Type:

Commercial Tents
Primer
Base Coat
Top Coat
Clear Coat
Fillers

By Technology:

Solvent Borne
Water Borne
UV Care

By Vehicle Type:

Passenger Cars
Commercial Vehicles

End Use:

OEM
Aftermarket

By Countries:

Egypt
South Africa
Algeria
Morocco
Kenya
Ethiopia
Ghana
Nigeria
Tunisia
Democratic Republic of Congo
Uganda
Liberia
Rest of Africa

“Consistently growing demand from the automotive industry, particularly in countries such as Egypt and South Africa, will continue to boost Africa’s automotive refinish coating market during the next ten years,” said an analyst at FMI.

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Industrial Ceramics Market Size, Latest Trends, Regional Insights Dynamics By 2032

The industrial ceramics market is projected to grow at a CAGR of 6.1 percent over the course of the forecast period, from US$ 118.9 billion in 2022 to US$ 218.1 billion in 2032. Industrial Ceramics refers to an umbrella term which is related to ceramic material based products created with scientific & engineering precision for industrial applications.

Industrial Ceramics makes use of the traditional benefits of ceramic materials such as high strength, high temperature capabilities, chemical resistance and other unique physical and chemical properties in industrial applications.

Industrial Ceramics is the modern day application of unique properties of ceramic materials, which are further reinforced in many cases with additional industrial processes and material combinations. Some of the most widely used materials in industrial ceramics are aluminum oxide (known commonly as alumina), Silicon Carbide, Tungsten Carbide, Mullite, Cordierite, Zirconium Dioxide, Silicon Nitride and many others.

Industrial ceramics made of alumina are normally composed of alumina in additions to some other materials such as magnesia or silica. Industrial ceramics are used to make a very wide variety of products ranging from insulation tiles for spaceships to zirconium tubes for nuclear fuel pellets.

Electrical and thermal insulators, pipes, tubes, rods, cutting blades & knives, medical products such as dental implants, electrical &fiber optic connectors, nozzles, filter elements, coatings, various types of formed components and many other such products fall under the purview of industrial ceramics.

Some of the common industrial processes used in the production of industrial ceramics are milling & mixing, pressing (dry and isostatic), extrusion, machining, sintering, grinding, lapping, metallizing, bonding and many others.

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Industrial Ceramics Market: Market Participants

Examples of some of the market participants identified in the Industrial Ceramics market include,

Kyocera
Anderman Industrial Ceramics
Elan Technology
Khyati Ceramics
Industrial Ceramic Products, Inc.
Advanced Industrial Ceramics (AIC)
Carborundum Universal Limited
CM Cera
A&B Industrial Ceramics
Schaefer Industrial Ceramics

Industrial Ceramics Market: Regional Outlook

The demand for Industrial Ceramics is expected to multiply at a very fast pace in the next decade, as demand for its application in various end use industries keeps growing. Asia Pacific region is estimated to be a significant region for Industrial Ceramics market, with its large automotive industry, fast growing energy & power sector, and increasing innovation in the aviation and healthcare.

The region has very high growth rates for all of the key end use industries of industrial ceramics. North America and Europe have traditionally strong markets Industrial Ceramics, with the early materials technology innovations taking place in these regions and industrial end users quickly adopting new and innovative developments.

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