Egypt Masterbatch

Egypt Masterbatch Market Research Report: Forecast (2023-2028)

By Type (Black, White, Colour, Additive), By Application (Film Extrusion, Injection Moulding, Blow Moulding, Roto Moulding, Others (Pipe extrusion, multifilament etc.)), By End Users (Automotive, Pack Read more

  • Chemicals
  • Nov 2022
  • 95
  • CM24675

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

The Egypt Masterbatch Market is projected to grow at a CAGR of around 19.99% during the forecast period, i.e., 2023-28. 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.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 19.99%
Region Covered East, West
Key Companies Profiled Ascom Carbonate and Chemicals Manufacturing (ACCM), El-Mostafa Master Batch, Integrated Color System for Master Batch (ICS), Gabriel-Chemie Group, New Delta Plastic, Elsewedy Egyplast, Perfecto Plast, MicroMB (INDEVCO Group), Sacom Plast, Memco Plast, Others.
Unit Denominations USD Million/Billion

 

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. For instance,

  • In 2019, Egyptian German Industrial Corporate (EGIC) expanded its plastic pipes & drains production by expanding its product range – KESSEL new shower drains & smart home accessories in the country.

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. For instance:

  • In 2019, Huhtamaki opened a brand-new, cutting-edge flexible packaging facility in Egypt. The greenfield, situated in the greater Cairo area, provides flexible packaging to Huhtamaki's Egyptian customers, as well as exports its goods to Europe & other African nations.

Key Trends in the Market

  • 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 23% 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.

Market Segmentation

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 2019, Hyma Plastic launched 5 layers of European Heavy Duty Bags & the FFS line. The company also increased its annual production capacity of HYMA Plastic to 45000 tons.

Recent Developments in the Egypt Masterbatch Market

  • 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.

Market Dynamics

Key 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.

Growth Opportunities: 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.

Key Questions Answered in the Market Research Report:

  1. What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the Egypt Masterbatch Market?
  2. What are the region-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Egypt Masterbatch Market?
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Egypt Masterbatch Market based on the competitive benchmarking matrix?
  5. What are the key results derived from surveys conducted during the Egypt Masterbatch Market study?

Frequently Asked Questions

A. The Egypt Masterbatch Market is projected to grow at a CAGR of around 19.99% during 2023-28.

A. Elevated construction activities call for wide adoption of masterbatches, and in turn, drives the Egypt Masterbatch Market during 2023-28.

A. The leading players in the market are Ascom Carbonate and Chemicals Manufacturing (ACCM), El-Mostafa Master Batch, Integrated Color System for Master Batch (ICS), Gabriel-Chemie Group, New Delta Plastic, Elsewedy Egyplast, Perfecto Plast, MicroMB (INDEVCO Group), Sacom Plast, Memco Plast, Others.

A. Color masterbatch segment is anticipated to emerge as an area of remunerative opportunities for the leading players in the Egypt Masterbatch Market during the forecast period.

A. Expanding incorporation of plastics in agricultural components is shaping the growth of the Egypt Masterbatch Market during 2023-28.

A. Soaring production of vehicles across the country emerges as an area of remunerative opportunity for the market players.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Impact of COVID-19 on Egypt Masterbatch Market
  5. Egypt Masterbatch Market Trends & Insights
  6. Egypt Masterbatch Market Dynamics
    1. Growth Drivers
    2. Challenges
  7. Egypt Masterbatch Market Policies, Regulations, Product Standards  
  8. Egypt Masterbatch Market- Supply Chain Analysis
  9. Egypt Masterbatch Market Hotspot & Opportunities
  10. Egypt Masterbatch Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1.  By Revenues (USD Million)
      2.  By Quantity Sold (Thousand Tons)
    2. Market Share & Analysis
      1. By Type
        1. Black
        2. White
        3. Colour
        4. Additive
      2. By Application
        1. Film Extrusion
        2. Injection Moulding
        3. Blow Moulding
        4. Roto Moulding
        5. Others (Pipe extrusion, multifilament etc.)
      3.  By End Users
        1. Automotive
        2. Packaging
        3. Consumer Goods
        4. Agriculture
        5. Construction
        6. Retail
      4. By Process
        1. Extrusion
        2. Modelling
      5. By Resins
        1. Polyethylene
        2. Polystyrene
        3. Others (Polypropylene, Polycarbonate etc.)
      6. By Region
        1. East
        2. West
      7. By Companies
        1. Competition Characteristics
        2. Market Share of Top Companies
  11. Egypt Black Masterbatch Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1.  By Revenues (USD Million)
      2.  By Quantity Sold (Thousand Tons)
    2. Market Share & Analysis
      1. By Application
      2. By End Users
      3. By Resins
      4. By Region
  12. Egypt White Masterbatch Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1.  By Revenues (USD Million)
      2.  By Quantity Sold (Thousand Tons)
    2. Market Share & Analysis
      1. By Application
      2. By End Users
      3. By Resins
      4. By Region
  13. Egypt Color Masterbatch Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1.  By Revenues (USD Million)
      2.  By Quantity Sold (Thousand Tons)
    2. Market Share & Analysis
      1. By Application
      2. By End Users
      3. By Resins
      4. By Region
  14. Egypt Additives Masterbatch Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1.  By Revenues (USD Million)
      2.  By Quantity Sold (Thousand Tons)
    2. Market Share & Analysis
      1. By Type
        1. Antimicrobial Masterbatch
        2. UV Stabilizer Masterbatch
        3. Anti-block Masterbatch
        4. Anti-Slip Masterbatch
        5. Antioxidant Masterbatch
        6. Anti-fog Masterbatch
        7. Others (Antistatic, Optical brightener masterbatch etc.)
      2. By Application
      3. By End Users
      4. By Resins
      5. By Region
  15. Egypt Masterbatch Market Key Strategic Imperatives for Success & Growth
  16. Competition Outlook
    1. Competition Matrix
      1. Product Portfolio
      2. Target Markets
      3. Research & Development
      4. Strategic Alliances
      5. Strategic Initiatives
    2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Ascom Carbonate and Chemicals Manufacturing (ACCM)
      2. El-Mostafa Master Batch
      3. Elsewedy Egyplast
      4. Gabriel-Chemie Group
      5. Integrated Color System for Master Batch (ICS)
      6. Memco Plast
      7. MicroMB (INDEVCO Group)
      8. New Delta Plastic
      9. Perfecto Plast
      10. Sacom Plast
  17. Disclaimer
Egypt Masterbatch Market - Segmentation