Press Release Description
Increasing Surface Protection & Durability Demands across Industries Driving the Egypt Paint Additives Market
The Egypt Paint Additives Market is projected to grow at a CAGR of XX% in the forecast period of 2022-27, cites MarkNtel Advisors in their recent research report. The market is driven by the rapidly expanding construction industry, massive government investments in infrastructural developments, and the surging number of petrochemical projects across the country, augmenting the demand for pain additives to achieve the optimal performance of different paint products by providing them wetting, dispersion, foam control, stain resistance, thermal insulation, properties.
In construction activities, paint additives are used as leveling agents, deformers, thickeners, dispersants, photo-stabilizers, etc. With corrosion prevention properties, they help increase the durability of substrates of buildings & infrastructures and enhance the shelf life of paints. The growing consumption of paint additives across the construction sector in Egypt is a crucial aspect positively influencing the market growth. Besides, paint additives are also crucial in the automobile industry for both interior & exterior applications to enhance the vehicle's appearance & prevent it from damage. Moreover, rising environmental concerns are creating lucrative growth opportunities for the market players to develop sustainable additives.
However, an unfavorable economy due to the Covid-19 pandemic in 2020 resulted in the temporary shutdown of the major automotive and construction & industrial activities, which significantly hampered the production of paint additives, further states the research report, “Egypt Paint Additives Market Analysis, 2022.”
Extensive Property Enhancing Perks of Rheological Modifiers to Stimulate the Market
Based on Product, Rheological Modifiers account for the largest share of the Egypt Paint Additives Market. These agents are widely used in most industrial applications to adjust viscosity and control non-Newtonian behaviors, including shear thickening or thinning. Besides controlling viscosity, rheology modifiers are beneficial for ensuring shelf stability, texture, and ease of application of paints.
There are numerous rheology modifiers available in the market, and choosing the appropriate rheology modifier according to the formulation is a crucial yet complex task. Hence, the various benefits of rheology modifiers are expected to generate their booming demand and contribute to the overall market growth in the coming years. On the other hand, Biocides, Anti-Foamers, and Wetting & Dispersing agents are other additives with considerably lower demand than rheology modifiers.
Increasing Consumer Inclination toward Vehicle Aesthetics to Drive Paint Additive Demand in Egypt
Based on End-Users, Automobiles & Transportation sector is expected to register the substantial growth in the Egypt Paint Additives Market. This growth attributes to the capabilities of paint additives to enhance a vehicle’s aesthetics and looks and find extensive application in the automobile sector.
They help protect vehicles & their components from various external conditions by providing resistance from temperature & scratches, surface protection, enhanced texture, and corrosion prevention. These properties of paint additives aid its demand from the automobile industry, thereby contributing to the overall market growth.
The increasing consumer preference for a durable & aesthetic finish, the mounting popularity of customized coatings, and the surge in vehicle sales are the prominent aspects expected to accelerate the demand for paint additives in the automobile sector.
The 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, PPG Industries, Inc., SIPES EGYPT.
Key Questions Answered in the Research Report
- What are the current & future trends in the Egypt Paint Additives Market?
- How has the industry been evolving in terms of geography & product adoption?
- How has the competition been shaping across Egypt, followed by their comparative factorial indexing?
- What are the key growth drivers & challenges for the Egypt Paint Additives Market?
- What are the customer orientation, purchase behavior, & expectations from paint additive manufacturers in Egypt?
- By Formulation (Water, Solvent, Powder-Based)
- By End-Users (Automobiles & Transportation, Industrial, Furniture & Wood, Building & Construction)
- By Product (Rheology modifiers, Biocides, Anti-Foamers, Wetting & Dispersion Agents)
- By Region (East, West, South, Central)
Place an order
100% Safe & Secure
Strongest encryption on the website to make your purchase safe and secure