Egypt Masterbatch Market Research Report: Forecast (2024-2030)

Market Definition

Masterbatch is an additive made through heating procedures and utilized for enhancing the quality & performance of polymers. The application of these cost-effective additives is easy, dirt-free, & stable, which minimizes the safety risks associated with using powder pigments.

Market Insights & Analysis: Egypt Masterbatch Market (2024-30)

The Egypt Masterbatch Market is projected to grow at a CAGR of around 19.99% during the forecast period, i.e., 2024-30. Most of the market expansion can be attributed to the intensifying construction activities for residential buildings, corporate offices, malls, and hotels, among others. According to the Central Agency for Public Mobilization and Statistics (CAPMAS), around 316,027 residential units were built in FY2020-21. Hence, the requirement for storage tanks, pipes, electrical appliances, etc., in the construction of buildings has fueled the demand for masterbatches in the country.

In addition, the surging demand for plastic-made or PVC products due to construction has compelled the PVC leaders, such as EGIC, First Pipe, Neisco, etc., to come up with more such products. According to a recent press release TCI Sanmar Chemicals, a polyvinyl chloride (PVC) manufacturer in Egypt, has witnessed a 30% annual revenue hike during 2021 owing to the increased demand for PVC products. Moreover, the surging production & application of agricultural components such as greenhouse covering, irrigation pipes, vermi beds, etc., would augment the Egypt Masterbatch market during the forecast period. Besides, companies such as Hyma Plastic, Alrowadpipes, and others have been contributing to the growth of revenue of masterbatch through producing & selling irrigation pipes and greenhouse covering.

Furthermore, it is anticipated that the Egypt Masterbatch market, would grow considerably during the forecast period, owing to the growing application of masterbatches in the manufacturing of automobile parts & the expansion of agricultural activities in the country. Another factor augmenting the market growth is the igniting plastic-made consumer goods & packaging materials popularity across the country. Since consumer goods or electronic goods such as air conditioners (AC), television, fans, etc., are mostly made of plastic, such massive adoption of these goods paves the way for increased sales for masterbatch in Egypt. 

Besides, the Packaging industry, aiding the manufacturing of food packaging films, Flexible Intermediate Bulk Containers (FIBC), jabla bags, liners, and protective films, among others, has the prime consumers of plastic packaging materials in the country. Thus, the food & beverage and the cosmetics industry have projected considerable demand for plastics, owing to the surge in demand for such products in Egypt in the past few years. As such, packaging brands like Elif Global, Huhtamaki, Europack, and others are setting up manufacturing plants in the country, which, in turn, reflects the market growth for masterbatches across Egypt in the coming years. 

Egypt Masterbatch Market Driver:

Elevated Construction Activities Exhibiting Substantial Adoption of Masterbatches - The market is likely to be driven by the expansion of residential & non-residential buildings & infrastructures. The prime factors attributing to the growth of construction activities are the growing population & urbanization. Moreover, Egypt recorded a total population of 104.2 million in 2021, which grew by around 1.84% from 2021. Hence, the requirement for plastic-made appliances, such as PVC pipes, cables, and storage tanks, has boosted the market, which further led to the growing demand for masterbatch in the country.

Egypt Masterbatch Market Growth Opportunity:

Soaring Production of Vehicles Across the Country - Masterbatch has been used for manufacturing plastic-made components of automobiles such as dashboards, steering, seat belts, etc. In 2022, Egypt announced the establishment of the joint car manufacturing complex, East Port-Said Automotive Zone (EPAZ), which would manufacture around 75,000 vehicles annually. Thus, the growth in the automobile industry would provide an opportunity for manufacturing automobile parts in the country.

Egypt Masterbatch Market Trend:

Expanding Incorporation of Plastics in Agricultural Components - Agriculture has been one of the prime occupations for the residents of Egypt. According to the Worldbank data in 2019, approximately 24% of the country's population worked in agriculture & 11% of the economy's revenue came from agriculture. The agriculture sector requires various plastic-made appliances such as agricultural pipes, greenhouse poly films, mulch films, Agri low tunnels, etc. Thus, manufacturing these products has augmented the need for masterbatch in the country during the historical period. Further, the surging initiatives & investments by the government for agricultural expansion have necessitated new irrigation techniques & farming methods. This aspect is likely to elevate the demand for agricultural pipes, greenhouse covering, mulch films, etc., facilitating a considerable masterbatch production. For instance,

In 2021, the Egypt government announced to boost agricultural production by 30% by 2024 & increase the gross domestic product contribution of its agriculture sector to 12% by 2024.

Egypt Masterbatch Market (2024-30): Segmentation Analysis

The Egypt Masterbatch Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2024–2030 at the level. Based on the analysis, the market has been further classified as:

Based on Type,

• Black
• White
• Color
• Additive

Among all, Color masterbatches have acquired a sizable share of the Egypt Masterbatch Market. They are being increasingly utilized for manufacturing plastic kitchenware, multilayer bottles, boxes, etc. This adoption can be attributed to their benefits, such as superior color distribution & dispersion, simple usage & handling, and excellent control of the product's transparency & opacity, etc. Besides, color masterbatches are added to plastic kitchenware used massively in homes to make them vivid & attractive, enhance their anti-microbial properties, and protect them from UV radiation. Further, the mounting focus of companies operating in the automotive & consumer goods industries, coupled with those involved in making flexible packaging solutions for food, beverages, & medicines, on enhancing the aesthetic appeal of their product offerings is another contributor to the significantly growing demand for color masterbatches.

Based on End Users,

• Automotive
• Packaging
• Consumer Goods
• Agriculture
• Construction
• Retail

Among all, the Packaging segment is anticipated to lead the market in terms of revenue during the forecast period. Egypt has been a healthy market for utilizing consumer goods such as electrical appliances, cosmetics, furniture, etc. Some of the leading electrical appliances companies, such as El Araby Group, Nouval, Contistahl, etc., have fueled the demand for plastic in Egypt, which ultimately would drive the masterbatch market. Moreover, plastics exhibiting heavier incorporation in manufacturing chairs, tables, buckets, bottles, etc., are likely to augment the demand for masterbatch in the country. Besides, the presence of various plastic packaging companies such as Hyma Plastic, Echem, Egy Mold, Nestle Pure Life, and others bolsters the market expansion. For instance,

• In 2023, Hyma Plastic introduce its largest Geomembrane line in Africa, due to this dvelopment the company also increased its annual production capacity of HYMA Plastic to 68,000 tons.

Egypt Masterbatch Industry Recent Developments 

• In 2021, H.B. Fuller, a leading global adhesive manufacturer, announced to build of a new facility in Cairo, Egypt. The new factory would include manufacturing of packaging, labeling, etc., and would serve the market of Egypt, Turkey, the Middle East & Africa.
• In 2021, Indian plastic packaging manufacturer, Uflex, inaugurated a new production line for manufacturing & exporting high-barrier plastic films with a total investment of around USD100 million.

Gain a Competitive Edge with Our Egypt Masterbatch Market Report

1. Egypt Masterbatch Market Report by Markntel Advisors provides a detailed & thorough analysis of market size, growth rate, competitive landscape, and key players. This comprehensive analysis helps business organizations gain a holistic understanding of market dynamics & make rational decisions.
2. This report also highlights current market trends & future projections, allowing business organizations to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
3. Egypt Masterbatch Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, business organizations can develop strategies to minimize risks & optimize their operations.