TAGS: Automotive Coatings Architectural Coatings Powder Coatings Wood Coatings
The major paints and coatings manufacturers in the Middle East launch Middle East Paints & Coatings Association (MEPCA) and received necessary government approvals.
MEPCA’s work will focus on paints and coatings in all segments which are adhesives & sealants, automotive refinish, coil, architectural & decorative, general industrial & OEM, marine, packaging & containers, powder, transportation, machinery and wood.
Engagement with Industry Stakeholders
Founding member companies include AkzoNobel, Altakamol (Sheibani Group), Asian Paints,
Axalta, Caparol Paints, Hempel, Jotun, National Paints,
PPG, RAR Holding and Kaizen Paints Middle East (KPME) with the backing and support from the World Coatings Council and Vincentz Network.
As the voice of the industry, MEPCA will engage with industry stakeholders to facilitate their connection, share knowledge, improve business conditions and contribute to the international dialogue.
Analysts have estimated that the Middle East paints and coatings market is worth around $4,700million and could rise to as much as $7,500million by 2032. Around 75% of the regional demand comes from construction (decorative and protective) and marine coatings with the rest from OEM sector.
The Middle East paints and coatings industry supports region’s economic diversification by producing its products in the region and supplying most of its products to domestic markets.
Regional Growth Strategy
The inaugural chairman of MEPCA is Abubaker Sheibani, CEO of the Sheibani Group. He said, “
There is no shortage of paints and coatings expertise in our region of the world and MEPCA will play an instrumental role in taking forward our future success.”
“
We will work closely with regulators, producers and industry experts to ensure our growth, continued business success and the long-term sustainable development of our industry, starting a new era of cooperation. I am thrilled and proud to be its founding Chairman as we embark on this next stage of our journey,” added Sheibani.
MEPCA team also include Mr. Martin Rosocha, the managing director of Caparol Paints and vice chairman of MEPCA, and Jasbir Gill, the regional director of Akzo Nobel and treasurer of MEPCA.
Source: MEPCA