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2021
Egypt Paints & Coatings Market

Egypt Paints & Coatings Market

by Resin Type (Acrylic Resin, Alkyd Resin, Polyurethane Resin, Epoxy Resin, Polyester Resin, and Others), Technology (Water-Based, Solvent-Based, Powder-Based, and Others) and Product Type (Decorative Paints & Coatings and Industrial Paints & Coatings): Opportunity Analysis and Industry Forecast, 2020-2027
Update Available On-Demand

Report Code: A09431
Pages: 178
Feb 2021 | 5999 Views
Author(s) : Saurabh Dixit, Rutuja Danekar , Eswara Prasad
Tables: 58
Charts: 61
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COVID-19

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Egypt Paints & Coatings Market Outlook - 2027

The Egypt paints & coatings market was valued at $2.2 billion in 2019, and is projected to reach $3.6 billion by 2027, growing at a CAGR of 7.9% from 2020 to 2027.

The Egypt paints & coatings market had sluggish impact of the COVID-19 breakdown, as ongoing projects from various industries such as construction, oil & gas, manufacturing, and others are on hold or cancelled.

Paints & coatings are the liquid, solvent, or powder-based products used to applied on various surfaces to give them decorative and protective finishing. Paints & coatings products protect surfaces from corrosion, weathering, mechanical damage, heat, and temperature. Paint products are classified as volatile and non-volatile. Volatile paint products include organic solvents, water and other agents. Where non-volatile paint products include binders, resins, plasticizers, paint additives, dyes, pigments, and extenders.

Egypt-Paints-&-Coatings-Market,-2020-2027

Rise in demand for paints & coatings products from the building & construction industry from the region is expected to fuel the growth of the market during the forecast period. Paints & coatings play major role in interior & exterior coating applications, corrosion protection, decoration and others. This is expected to fuel the demand collectively from decorative and industrial applications in the upcoming years. However, rise in prices of raw materials is projected to hamper the growth of the market during the analyzed time frame.

For the purpose of analysis, the Egypt paints & coatings market is segmented into resin type, technology, and product type. Depending on resin type, the market is categorized into acrylic resin, alkyd resin, polyurethane resin, epoxy resin, polyester resin, and others. On the basis of technology, it is classified into water-based, solvent-based, powder-based and others. The product types covered in the study include decorative paints & coatings and industrial paints & coatings. 

Decorative paints & coatings segment is further sub-segmented into emulsions, enamel paints, distemper, and cement paints (acrylic spray plaster & undercoats). Industrial paints & coatings segment is further sub-classified into powder coating, automotive coating, wood furniture & cabinet coating, coil coating, non-wood furniture and fixture (texture coatings), machinery & equipment, paper & films, and others. The key players operating in the Egypt paints & coatings market are Akzo Nobel N.V., BASF SE, GLC Paints, Jotun A/S, KAPCI Coatings, MIDO Coatings, Orient Paints, PACHIN, PPG Industries, Inc., and SIPES Egypt. 

These key players are adopting various strategies such as product launch, acquisition, business expansion, collaboration, investment, and agreement, to stay competitive in the paints & coatings market. 

For instance, in December 2020, Akzo Nobel N.V. acquired New Nautical Coatings (Yacht Coating Company). Through this acquisition, Akzo Nobel can expand its operations and position in the North America yacht coating market. This has enhanced the position of the company in the North America region.

Other players operating in the Egypt paints & coatings market are SCIB Chemicals S.A.E., ESNA Chemicals, Sigma Paints, Hempel A/S, National Paints Factories Co. Ltd. and others.

The Egypt paints & coatings market is analyzed and estimated in accordance with the impacts of the drivers, restraints, and opportunities. The period studied in this report is 2020–2027. The report includes the study of the Egypt paints & coatings market with respect to the growth prospects and restraints based on the regional analysis. The study includes Porter’s five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth.

Egypt Paints & Coatings Market, by resin type

By resin type, the acrylic resin segment held the largest market share in 2019. This is attributed to rapid growth in building & construction of high-end real estate, tourist and leisure developments, infrastructure projects, and social housing. In addition, increase in demand for acrylic paints & coatings from marine & vessels, electrical, machinery & equipment, metals and other applications is projected to fuel the paints & coatings market growth during the analyzed time frame.

Egypt Paints & Coatings Market
By Resin Type

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Acrylic resin is projected as the most lucrative segment.

Egypt Paints & Coatings Market, by technology

On the basis of technology, the solvent-based technology segment dominated the Egypt paints & coatings market in 2019, in terms of share, owing to increase in demand for solvent-based paints & coatings are used in the applications including doors, trims, cabinets, furniture, industrial machinery & equipment, and steel structure. In addition, solvent-based paints & coatings offer several advantages such as durability, strength, resistance to scratches & abrasions, resistance to severe weather conditions, quick drying and others, which in turn is expected to fuel the demand for this type of paints in the upcoming years.

Egypt Paints & Coatings Market
By Technology

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Solvent-Based technology is projected as the most lucrative segment.

Egypt Paints & Coatings Market, by product type

By product type, the decorative paints & coatings segment dominated the highest share in the Egypt paints & coatings market in 2019, and is expected to maintain the same during the forecast period. This is owing to increase in demand for paints & coatings products used in the applications such as interior wall painting, floor coating, wood & furniture coating, and other decorative purposes, owing to increase in consumer interest toward renovation of existing & old infrastructure. In addition, rapid growth of foreign investment in expanding their manufacturing facilities and government support toward attracting foreign investment are expected to drive the growth of the construction sector in the country.

Egypt Paints & Coatings Market
By Product Type

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Decorative Paints & Coatings segment holds a dominant position in 2019 and would continue to maintain the lead over the forecast period.

COVID-19 impact on the market

Lockdown imposed due to outbreak of the COVID-19 pandemic has resulted in temporary ban on the import and export; thereby, disrupting the supply chain and hampering the paints & coatings market growth in the second and third quarter of 2020. However, the market is expected to recover in the late year or by the first quarter of 2021 as the demand and production of paints & coatings products restarts. 

Key Benefits For Stakeholders

  • The report includes in-depth analysis of different segments and provides market estimations between 2020 and 2027.
  • A comprehensive analysis of the factors that drive and restrict the growth of the Egypt paints & coatings market is provided.
  • Porter’s five forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies.
  • Estimations and forecast are based on factors impacting the Egypt paints & coatings market growth, in terms of value.
  • Key market players are profiled to gain an understanding of the strategies adopted by them.
  • This report provides a detailed analysis of the current Egypt paints & coatings market trends and future estimations from 2020 to 2027, which helps identify the prevailing market opportunities.

Egypt Paints & Coatings Market Report Highlights

Aspects Details
By Resin Type
  • Acrylic Resin
  • Alkyd Resin
  • Polyurethane Resin
  • Epoxy Resin
  • Polyester Resin
  • Other resins
    • Polyether Ether Ketone (PEEK)
    • Polyether Ketone (PEK)
    • Vinyl/Styrene resin
    • Polyaryl Ether Ketone (PAEK)
By Technology
  • Water-based
  • Solvent-based
  • Powder-based
  • Others
    • Radiation Curable
    • High Solid
    • Electron Beam
By Product Type
  • Decorative Paints & Coatings
    • Emulsions
    • Enamel paints
    • Distemper
    • Cement Paints (Acrylic Spray Plaster & Undercoats)
  • Industrial Paints & Coatings
    • Powder coating
    • Automotive coating
    • Wood furniture & cabinet coating
    • Coil coating
    • Non-wood furniture and fixture (texture coatings)
    • Machinery & equipment
    • Paper & films
    • Others
Key Market Players AKZO NOBEL N.V., BASF SE, GERMAN LEBANESE COMPANY (GLC) PAINTS, JOTUN A/S, KAPCI COATINGS, MIDO COATINGS, ORIENT PAINTS, PAINTS & CHEMICAL INDUSTRIES (PACHIN), PPG INDUSTRIES INC., SIPES EGYPT
 

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The Egypt paints & coatings market is witnessing a significant growth in response to significant paints & coatings products from automotive, aerospace, marine, wood & furniture, and other applications across the country. Rise in building & construction activities and infrastructure developments in the Egypt is the key factor driving the growth of the market in the upcoming years.

In addition, increase in demand for paints & coatings products from heat & UV protection applications is anticipated to fuel the growth of the market during the forecast period. Conversely, rise in demand for eco-friendly paints & coatings products is the key factor expected to create opportunity in the Egypt paints & coatings market from 2020 to 2027.

Renowned market leaders such as PPG Industries, Inc., Akzo Nobel N.V., BASF SE, KAPCI Coatings, and Jotun A/S are adopting various key growth strategies to strengthen their market position. Furthermore, these companies are focused on product launch, acquisition, agreement, investment, collaboration, and business expansion to cater to the increasing demand for paints & coatings products.

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FREQUENTLY ASKED QUESTIONS?

A. In terms of revenue growth, the CAGR of the Egypt paints & coatings market is 7.9% by 2027.

A. Significant growth in building & construction activities in the country and rise in demand for heat & UV resistant paints & coatings products are expected to be the key trends in the Egypt paints & coatings market.

A. The potential customers of the Egypt paints & coatings market are building & construction, automotive, aerospace & defense, oil & gas, and others.

A. On the basis of resin type, acrylic segment will drive the Egypt paints & coatings market growth during the forecast period. By technology, solvent-based technology will fuel the Egypt paints & coatings market growth. On the basis of product type, decorative paints & coatings segment will drive the growth of the Egypt paints & coatings market.

A. The applications of the Egypt paints & coatings market are in automotive coating, interior & exterior coating in buildings, wood & furniture coating, coil coating, and others.

A. Top players in the Egypt paints & coatings market are Akzo Nobel N.V., BASF SE, GLC Paints, Jotun A/S, KAPCI Coatings, MIDO Coatings, Orient Paints, PACHIN, PPG Industries, Inc., and SIPES Egypt.

A. In terms of revenue, the market size of the Egypt paints & coatings market is anticipated to reach $ 3.6 billion by 2027, growing at CAGR of 7.9% from 2020 to 2027.

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