Egypt Paint Additives

Egypt Paint Additives Market Research Report: Forecast (2022-2027)

By Formulation (Water, Solvent, Powder Based, Others), By End-User (Automobiles & Transportation, Industrial, Furniture & Woods, Building & Construction), By Product (Rheology Modifiers, Biocides, Ant Read more

  • Chemicals
  • Sep 2022
  • 121
  • CM44013

Market Overview

Additives are low-level ingredients that are added to paints to enhance specific properties like mildew resistance, good flow & leveling, and deforming, among others. With developments in additives, paint can also offer benefits like anti-fungal or algae resistance, greater durability, and rapid drying on surfaces when additives are added.

Backed by the high demand for paints, the use of additives is witnessing a direct influence & plays a crucial role in developing & providing products that could help preserve & protect the surface, starting from small objects to huge infrastructure. In addition, paint additives also bring an aesthetic look to objects or buildings & act as a protective barrier to extend the life of that surface or substrate.

Market Insights

The Egypt Paint Additives Market is projected to grow at a CAGR of around 4.98% during the forecast period, i.e., 2022-27. The market growth attributes primarily to the growing government focus on developing the country's infrastructure, demonstrating an expansive building & construction sector, and augmenting the demand for paint additives. For instance:

  • The construction of a “New Administrative Capital” in Egypt under the country's Vision 2030 plan is a large-scale project that is expected to boost the construction industry astronomically in the coming years. The new city is likely to be approximately 45km (28 miles) to the east of Cairo & equal to the size of Singapore. It is expected to boost construction activities & shall generate significant demand for paint additives in the years to come.
Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR (2022-2027) 4.98%
Region Covered East, West, South, Central
Key Companies Profiled AkzoNobel N.V., Arkema SA, Ashland Inc., BASF SE, BYK-Chemie GMBH, Cabot Corp., Daikin Industries Ltd., Evonik Industries, SIPES EGYPT, PPG Industries, Inc
Unit Denominations USD Million/Billion

 

Besides, with the massive government investments in energy-efficient & eco-friendly infrastructure, and immense expenditure on railways, roadways, ports, power, & utilities, the demand for paint additives shall further elevate and positively influence the industry growth. The same aspect shall also generate lucrative opportunities for the leading players to widen their product portfolio & increase their production & distribution capacities and cater to the burgeoning demands throughout the country. 

Further, each manufactured product requires coatings of paints with appropriate additives for enhanced lifespan & performance of finished products. Additives prevent surfaces from severe conditions by protecting them against abrasion, corrosion, chemicals, moisture, & extreme temperatures. Hence, with the growing awareness among consumers about the benefits of paint additives, the demand is anticipated to accelerate significantly, especially across sectors like automobile & transportation, industrial, & furniture & wood, among others, and stimulate the overall industry growth in the coming years. 

Key Trends in the Egypt Paint Additives Market

  • Shifting Preferences toward Water-based Paints to Reduce VOC emissions

Water-based paints are less-toxic due to the limited use of solvents responsible for Volatile Organic Compound (VOC) emissions & other hazardous air pollutants & lead to smog when released directly into the atmosphere. Hence, numerous paint manufacturers are showing a change in their preferences toward water-based paints and hinting toward a burgeoning demand for these compounds across different industries. 

Moreover, stringent environmental regulations imposed by the government are also propelling the demand for water-based paints, especially in construction activities, to mitigate the effect on human & animal health. Hence, the industry for paint additives is witnessing the emergence of trends like a rising adoption of water-based paints, making a significant contribution to the market growth. 

  • Booming Demand for Multi-Functional Coatings

With growing developments in additives, consumers are demonstrating a rising demand for multi-functional additives and aiding the overall market growth. Traditional coatings & additives offer one or two functions, yet multi-functional provide numerous additional performance benefits like self-healing anticorrosion, high conductivity, surface resistance to mildew, self-healing scratch repair, etc.

When these additives are added to paints, they help achieve the desired properties like gloss finish & high durability & are excellent in cost reduction by minimizing the need for different needs & simplifying the formulating process. It is why the industry is observing a mounting demand for multi-functional coatings & additives in Egypt.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Preface
  3. Executive Summary
  4. Egypt Paint Additives Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Hotspots & Opportunities
  5. Paint Additives Market Trends & Insights
  6. Egypt Paint Additives Market Supply Chain Analysis
  7. Egypt Paint Additives Market Price Trends
  8. Egypt Paint Additives Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues
      2. By Quantity Sold in Kilo Tons
    2. Market Share & Analysis
      1.  By Formulation
        1. Water
        2. Solvent
        3. Powder Based
        4. Others
      2. By End Users
        1. Automobiles & Transportation
        2. Industrial
        3. Furniture & Wood 
        4. Building & Construction
        5. Others
      3. By Product
        1. Rheology modifiers
        2. Biocides
        3. Anti-Foamers
        4. Wetting & Dispersion Agents
        5. Others
      4. By Region
        1. East
        2. West
        3. South
        4. Central
      5. By Competitor
        1. Competition Characteristics
        2. Key Competitor & Their Capabilities
        3. Competitor Factorial Indexing  
  9. Egypt Automobile & Transportation Paint Additives Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues
      2. By Quantity Sold in Kilo Tons
    2. Market Share & Analysis
      1. By Formulation
      2. By Product
      3. By Region
  10. Egypt Industrial Paint Additives Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues
      2. By Quantity Sold in Kilo Tons
    2. Market Share & Analysis
      1. By Formulation
      2. By Product
      3. By Region
  11. Egypt Furniture & Wood Additives Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues
      2. By Quantity Sold in Kilo Tons
    2. Market Share & Analysis
      1. By Formulation
      2. By Product
      3. By Region
  12. Egypt Buildings & Construction Paint Additives Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues
      2. By Quantity Sold in Kilo Tons
    2. Market Share & Analysis
      1. By Formulation
      2. By Product
      3. By Region
  13. Company Profiles
    1. AkzoNobel N.V.
    2. Arkema SA
    3. Ashland Inc.
    4. BASF SE
    5. BYK-Chemie GMBH
    6. Cabot Corp.
    7. Daikin Industries Ltd.
    8. Evonik Industries
    9. SIPES EGYPT
    10. PPG Industries, Inc
  14. Disclaimer
Egypt Paint Additives Market Segmentation
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