According to MarkNtel Advisors’ research report, “Egypt Paint Additives Market Analysis, 2021,” the market is likely to witness around 4.98% CAGR during 2021-26. The market growth primarily attributes to the extensive application of the paint additives across several end-user verticals. Moreover, rising environmental concerns have boosted the investment in R&D activities and provide a lucrative opportunity for market players to develop eco-friendly paint additives. However, lack of access to various inputs, including skills & technology, and difficult access to finance might act as restraining factors for the market growth.
Key Questions Answered in the Study
Rheology Modifiers Captured Largest Market Share
Based on Product, the market bifurcates into Rheology Modifiers, Biocides, Anti-Foamers, and Wetting & Dispersing agents. Of them all, Rheology Modifiers accounted for around 28% share in the Egypt Paint Additives Market. The water-based rheology modifiers comprise cellulose, polyacrylates, associative thickener & clay. On the contrary, solvent-based rheology modifiers include organoclays, hydrogenated castor oil, polyamides, and sulphonates.
Rheology modifiers help improve the overall functionality and physical properties of paints. They further offer various benefits, such as ease of application, ensuring their shelf stability, and providing proper finishing to the surface. Hence, all the factors mentioned above are likely to favor the segment growth in the forecast period.
“Egypt Paint Additives Market Analysis, 2021” provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Paint Additives providers across Egypt. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.
Industrial Segment to Witness Considerable Growth during the forecast period of 2021-26
Based on End-User, the market bifurcates into Automobiles & Transportation, Industrial, Furniture & Woods, and Building & Construction sectors. Of these segments, the Industrial sector is more likely to grow substantially during the forecast period. Egypt is witnessing a significant surge in construction activities to promote the private sector, thereby accelerating the demand for paint additives in the country. Hence, with these aspects, the industrial sector shall witness the booming demand and fuel the overall market growth in the forecast period, reveals MarkNtel Advisors in their research report, “Egypt Paint Additives Market Analysis, 2021.”
According to MarkNtel Advisors, the major leading players in the Egypt Paint Additives Market are AkzoNobel N.V., Arkema SA, Ashland Inc., BASF SE, BYK-Chemie GMBH, Cabot Corp., Daikin Industries Ltd., Evonik Industries, and SIPES EGYPT.