Egyptian Protective Coatings Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 3.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Egyptian Protective Coatings Market Analysis
The Egyptian protective coatings market is estimated to witness a significant growth, at an estimated CAGR of over 3%, over the forecast period. Increasing demand from the oil and gas industry expected to drive the market during the forecast period.
- Regulations related to the VOC emissions are likely to hinder the market's growth.
- Infrastructure segment is expected to dominate the market and is also expected to witness the fastest CAGR during the forecast period.
Egyptian Protective Coatings Market Trends
This section covers the major market trends shaping the Egyptian Protective Coatings Market according to our research experts:
Increasing Demand for Solvent-borne Coatings
- Solvent-based paints are made using liquefying agents that evaporate during a chemical reaction with oxygen. The moving air surrounding a solvent-based coating also helps quicken the reaction, thus reducing drying time.
- The major advantage that solvent-based coatings offer over water-based coatings is that they are less susceptible to environmental conditions, such as temperature and humidity, during the curing phase. In water-based coatings, humidity can prevent the water from evaporating, thereby, making the use of such coatings impractical in many settings.
- The function of organic solvents in a coating is based on the properties they offer. I.e. facilitating the coating's application, drying, and the formation of a regular coating film. Solvents evaporate during application and drying. Ideally, a dry coating film no longer contains a solvent. However, when the film evaporates, these solvents release VOCs into the atmosphere, which have a toxic impact on the environment.
- The solvent-based coatings market is driven by its growing applications (as coatings for doors, cabinet and furniture, metal doors and railings, industrial equipment and maintenance of steel structures). However, owing to environmental regulations over VOC emissions, attempts are being made to reduce the use of solvent-based coatings. Additionally, the presence of eco-friendly substitutes in the form of water-based coatings has hampered the solvent-based coatings market.
Rising Demand from Infrastructure Segment
- Infrastructure accounts for the one of the largest shares of the Egyptian protective coatings market. Rails, bridges, and roads constitute major segments within the infrastructure sector. With the increase in population, expansions in infrastructure have become an inevitable part of socio-economic development.
- Protective coatings are used in overhead structures, like flyovers and bridges, particularly in refurbishment situations, in order to improve the durability and to delay the replacement in structures. They are used to reduce the damage on the concrete surfaces and to stop or significantly reduce the rate of steel reinforcement corrosion.
- The Egyptian infrastructure is on the verge of a huge changeover. According to the G20's Global Infrastructure Outlook, Egypt requires about USD 675 billion of additional investment, over the coming 20 years, to meet its rapidly growing infrastructural needs.
- Owing to all the aforementioned factors, the market for protective coatings in the region is projected to grow during the forecast period.
Egyptian Protective Coatings Industry Overview
The Egyptian protective coatings market is partially consolidated. Key players in the market include PACHIN, Akzo Nobel N.V., Jotun, Sigma Paints Egypt Ltd (PPG Industries Inc.), and Sipes Egypt, among others.
Egyptian Protective Coatings Market Leaders
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Akzo Nobel N.V.
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Jotun
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Sigma Paints Egypt Ltd (PPG Industries Inc.)
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Sipes Egypt
*Disclaimer: Major Players sorted in no particular order
Egyptian Protective Coatings Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Increasing Demand From the Oil and Gas Industry
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4.1.2 Other Drivers
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4.2 Restraints
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4.2.1 Regulations Related to the VOC Emissions
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4.2.2 Other Restraints
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4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Resin Type
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5.1.1 Epoxy
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5.1.2 Polyester
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5.1.3 Polyurethane
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5.1.4 Vinyl Ester
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5.1.5 Other Resin Types
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5.2 Technology
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5.2.1 Water-borne
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5.2.2 Solvent-borne
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5.2.3 Powder
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5.2.4 Other Technologies
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5.3 End-user Industry
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5.3.1 Oil and Gas
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5.3.2 Mining
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5.3.3 Power
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5.3.4 Infrastructure
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5.3.5 Other End-user Industries
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 Akzo Nobel N.V.
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6.4.2 CMB
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6.4.3 Colorama Coatings
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6.4.4 CORROCOAT EGYPT
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6.4.5 Hempel A/S
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6.4.6 Jotun
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6.4.7 PACHIN
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6.4.8 PROTECH
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6.4.9 Sigma Paints Egypt Ltd (PPG Industries Inc.)
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6.4.10 Sipes Egypt
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Egyptian Protective Coatings Industry Segmentation
The Egyptian protective coatings market report includes:
| Resin Type | |
| Epoxy | |
| Polyester | |
| Polyurethane | |
| Vinyl Ester | |
| Other Resin Types |
| Technology | |
| Water-borne | |
| Solvent-borne | |
| Powder | |
| Other Technologies |
| End-user Industry | |
| Oil and Gas | |
| Mining | |
| Power | |
| Infrastructure | |
| Other End-user Industries |
Egyptian Protective Coatings Market Research FAQs
What is the current Egyptian Protective Coatings Market size?
The Egyptian Protective Coatings Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Egyptian Protective Coatings Market?
Akzo Nobel N.V., Jotun, Sigma Paints Egypt Ltd (PPG Industries Inc.) and Sipes Egypt are the major companies operating in the Egyptian Protective Coatings Market.
What years does this Egyptian Protective Coatings Market cover?
The report covers the Egyptian Protective Coatings Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Egyptian Protective Coatings Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Egyptian Protective Coatings Industry Report
Statistics for the 2024 Egyptian Protective Coatings market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Egyptian Protective Coatings analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
