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.
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:
|Study Period||Historical Data: 2017-20|
|Base Year: 2021|
|Forecast Period: 2022-27|
|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
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.
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.
Based on Product:
Here, Rheology Modifiers is anticipated to dominate the Egypt Paint Additives Market with the largest share during the forecast period. Rheology refers to the study of the flow of materials when exposed to stress. In the paint industry, flow property is the most essential property and holds prime importance. The need to have proper control over the flow of the paint is important for its production, storage, and application.
Hence, Rheology modifiers are considered the most prominent additives required in almost every paint to control its specific characteristics and attain desired rheological properties for a particular application. They modify the thickness of paints and prevent sagging & sedimentation.
Besides, they enable paints to spatter in all directions and attain a better shelf life. Moreover, their use in formulators helps achieve improved viscosity by regulating the flow of paints. These agents are experiencing surging application in construction, wood, automotive, & industrial sectors, which shall create promising growth opportunities for the overall market in the coming years.
Further, wetting & dispersing agents are other prominent additives that shall also make significant contributions to the market growth in the coming years. This growth is driven by the properties of these additives to enable the pigments in paints to adequately disperse & evenly suspend on the surface. Proper selection of such agents is beneficial in decreasing the viscosity of paint and ensuring the stabilization of dispersed particles over time.
On the other hand, Anti-Foamers are crucial for removing foam from paints during their application. However, they can cause certain defects too, such as cratering, fisheyes, and popping. Hence, adding an appropriate amount of anti-foamers to paints is critical to ensure defect-free application.
Based on End-User:
Here, Automobiles & Transportation industry is anticipated to demonstrate a substantial growth of the Egypt Paint Additives Market during the forecast period. It owes principally to the mounting demand for paint additives due to the cutting-edge competition among automotive companies to engage a large consumer base by offering products with unique looks. It, in turn, is infusing the demand for paint additives to achieve an aesthetic appearance in automobiles.
Besides appearance, paint additives also offer surface protection, scratch resistance, texture enhancement, increased durability, and prevention against corrosion. They further provide a glossy finish to the vehicles' exterior & interior components. Hence, these benefits of paint additives make them a crucial material for the automobile industry, and thus, their demand from this industry is increasing dramatically.
Further, paint additives are used extensively in the building & construction industry due to their favorable properties, including mold resistance, improved finishing, and ease of application of paint additives. The increasing number of construction activities in the country is very likely to boost the demand for paint additives to offer surface protection to buildings & enhance their aesthetics.
Also, paints additives have a wide range of industrial applications, like when paints are applied on metal equipment & machinery to protect them from damage & improve their lifecycle. Hence, the industrial use of paint additives also contributes to the overall market growth.
Recent Developments in the Egypt Paint Additives Market
In October 2021, prominent player PPG Industries, Inc. incorporated with Corning Inc. to develop a paint product that mitigates coronavirus. The latter's new glass-ceramic technology potentially kills more than 99.9% of the virus, including Covid-19, and also underwent EPA-approved tests to exemplify the antimicrobial properties.
PPG Industries also revealed several products like PPG SANISHIELDTM, a 3000/5000 two-part polyurea coating system for areas where easy maintenance & quick installation is vital. This product fills minor cracks & improves surface durability & integrity while retaining gloss for a brighter surface. On the other hand, PPG AQUACOVER is a waterborne coating system that offers build quality & anti-corrosion properties for surfaces like shipping containers.
Paint additives can effectively enhance the properties of paints with features like abrasion resistance, excellent chemical resistance, corrosion protection, and extreme strength & durability while also contributing to aesthetics. With the growing requirements for superior coatings, the demand for high-performance additives is also increasing among end-users.
Moreover, with the favorable properties of paint additives, they are used extensively in tank exteriors, industrial piping, etc., and also across high-end industries like the aerospace & marine sector for coatings on weapons & equipment to improve their life. Hence, the mounting demand for high-quality coatings is anticipated to boost the overall growth of the Egypt Paint Additives Market in the coming years.
Paint additives tend to release Volatile Organic Compounds (VOCs) during their application & drying process. These VOCs, when released into the atmosphere, contribute to ozone formation. They react with oxygen in the presence of sunlight & nitrogen oxides to form ozone, which is a highly toxic pollutant known as smog (ground-level ozone). It can cause serious health issues like allergies, headaches, asthmatic reactions, and skin & eyes irritation.
Ozone can also increase stress on organs like the heart & lung tissues. So, the mounting health awareness and stringent norms on VOC emissions have forced paint additive manufacturers to reduce the content of VOCs in paints. Hence, this fact might decrease the use of solvent-based products, which, in turn, will hamper the market growth in the coming years.
Key Questions Answered in the Market Research Report:
Frequently Asked Questions
A. The Egypt Paint Additives Market is projected to grow at a CAGR of around 4.98% during 2022-27.
A. Rapidly increasing demand for high-performing coatings is a key aspect driving the Egypt Paint Additives Market. On the other hand, escalating health & environmental concerns due to the excessive usage of paint additives might restrain the fledged market growth in the coming years.
A. The shifting consumer preferences toward water-based paints to reduce VOC emissions and booming demand for multi-functional coatings are key trends in the Egypt Paint Additives Market.
A. Automobiles & Transportation is anticipated to emerge as an area of remunerative opportunities for the leading players in the Egypt Paint Additives Market during the forecast period.