Market Size of Egyptian Protective Coatings Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | > 3.00 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Egyptian Protective Coatings Market Analysis
The Egyptian protective coatings market is estimated to witness a significant growth, at an estimated CAGR of over 3%, over the forecast period. Increasing demand from the oil and gas industry expected to drive the market during the forecast period.
- Regulations related to the VOC emissions are likely to hinder the market's growth.
- Infrastructure segment is expected to dominate the market and is also expected to witness the fastest CAGR during the forecast period.
Egyptian Protective Coatings Industry Segmentation
The Egyptian protective coatings market report includes:
Resin Type | |
Epoxy | |
Polyester | |
Polyurethane | |
Vinyl Ester | |
Other Resin Types |
Technology | |
Water-borne | |
Solvent-borne | |
Powder | |
Other Technologies |
End-user Industry | |
Oil and Gas | |
Mining | |
Power | |
Infrastructure | |
Other End-user Industries |
Egyptian Protective Coatings Market Size Summary
The Egyptian protective coatings market is poised for substantial growth, driven primarily by increasing demand from the oil and gas sector. However, the market faces challenges due to regulations concerning VOC emissions, which could impede its expansion. The infrastructure segment is anticipated to lead the market, experiencing the fastest growth rate during the forecast period. Solvent-based coatings, which are less affected by environmental conditions during the curing phase, continue to be favored despite the environmental concerns associated with VOC emissions. These coatings are widely used in various applications, including metal doors, railings, and industrial equipment. Nonetheless, the rise of eco-friendly water-based coatings is posing a challenge to the solvent-based segment.
The infrastructure sector, encompassing rails, bridges, and roads, represents a significant portion of the Egyptian protective coatings market. As the population grows, infrastructure expansion becomes crucial for socio-economic development. Protective coatings play a vital role in enhancing the durability of structures like flyovers and bridges, particularly during refurbishments, by reducing concrete damage and slowing steel reinforcement corrosion. With Egypt's infrastructure poised for significant transformation, substantial investment is required to meet future demands. This backdrop suggests a promising growth trajectory for the protective coatings market in Egypt, with key players such as PACHIN, Akzo Nobel N.V., Jotun, Sigma Paints Egypt Ltd, and Sipes Egypt actively participating in the market.
Egyptian Protective Coatings Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Demand From the Oil and Gas Industry
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1.1.2 Other Drivers
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1.2 Restraints
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1.2.1 Regulations Related to the VOC Emissions
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Resin Type
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2.1.1 Epoxy
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2.1.2 Polyester
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2.1.3 Polyurethane
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2.1.4 Vinyl Ester
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2.1.5 Other Resin Types
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2.2 Technology
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2.2.1 Water-borne
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2.2.2 Solvent-borne
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2.2.3 Powder
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2.2.4 Other Technologies
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2.3 End-user Industry
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2.3.1 Oil and Gas
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2.3.2 Mining
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2.3.3 Power
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2.3.4 Infrastructure
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2.3.5 Other End-user Industries
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Egyptian Protective Coatings Market Size FAQs
What is the current Egyptian Protective Coatings Market size?
The Egyptian Protective Coatings Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Egyptian Protective Coatings Market?
Akzo Nobel N.V., Jotun, Sigma Paints Egypt Ltd (PPG Industries Inc.) and Sipes Egypt are the major companies operating in the Egyptian Protective Coatings Market.