Report Code: A09462 | Pages: 98 | Jan 2021 | 3418 Views | ||
Author(s) : Rutuja D, Sagnik C , Eswara P | Tables: 43 | Charts: 30 |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Egypt Premix Plaster Market
Request Now !The Egypt Premix Plaster market size was valued at $1.5 billion in 2019, and is projected to reach $2.4 billion by 2027, growing at a CAGR of 7.1% from 2020 to 2027.
The Egypt premix plaster market had immediate impact of the COVID-19 breakdown, where the market has been persistently challenged by huge number of labor shortage.
Premix plaster is used on building material surface to hold bricks or stones together in internal or external plastering. However, some of the plasters, such as lime and gypsum based plasters, are only used for internal plastering. The application of premix plaster can reduce labor cost of mixing and processing on construction site. Moreover, it does not require materials like sand, aggregates, cement, and water, which further reduces the cost of finding new vendors.Â
Rapid urbanization and increase in disposable income led to large number of new construction projects in the residential and commercial sector, which will further influence the Egypt Premix Plaster Market growth. For instance, in 2018, Saudi Arabia and Egypt made a joint venture to build a megacity in southern Sinai Peninsula. In addition, increase in foreign direct investment and rise in trading activities is expected to positively influence the market growth. Egypt adopted a number of polices and reforms, including tax concession and rebates, 100% ownership of companies, which is expected to bring new investment opportunities from foreign investors. In addition, the government mandated a portion of bank portfolio (around 20%) for small and medium sized organizations; thus, promoting new investment opportunities for domestic construction sector. Furthermore, premix plaster is expected to gain traction in large and medium sized projects, owing to easy application and reduced labor cost. Moreover, premix plaster used in construction projects does not require large number of vendors for cement, sand, and aggregates, which eliminates the constraint of finding cost-effective vendors.
The Egypt premix plaster market is segmented on the basis of binding material and end user. On the basis of binding material, it is divided into cement, lime, gypsum, and others (gauged, aerated cement, and burnt bricks). Based on end user, it is categorized into residential, commercial, and industrial end user.Â
Major players have adopted product launch and agreements to sustain the intense market competition. For instance, in November 2020, Hassan Allam Holding signed an agreement for National Egyptian Company for Railroad Industries (NERIC), a joint venture between Hassan Allam Holding and a group of Egyptian companies. This will strengthen company’s market presence in railway and transport sector. The key players profiled in the report include Lafarge Egypt, Saint-Gobain Gyproc Egypt, United Paints and Chemicals Drymix S.A.E, CEMEX S.A.B. de C.V., Hassan Allam Holding, Saveto Egypt, and Araco Admixture and Construction Material.
The cement-based premix plaster accounted for significant market share, owing to the high water retention of cement based ready mix plaster, which reduces long curing period, unlike conventional plasters.Â
The residential segment emerged as the market leader, owing to increase in investment and development in the construction sector. The ready mix concrete is widely used in single and double-story extension, reinforced and un-reinforced foundations, reinforced and unreinforced house floors, garage and septic tank bedding.
COVID-19 scenario analysis
Key benefits for stakeholders
Egypt Premix Plaster Market Report Highlights
Aspects | Details |
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By Binding Material |
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By End User |
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Key Market Players | LAFARGE EGYPT, SAINT-GOBAIN GYPROC EGYPT, UNITED PAINTS AND CHEMICALS DRYMIX S.A.E, CEMEX S.A.B. de C.V., AL AMAL, AL BORG READY MIX CONCRETE COMPANY, ARACO ADMIXTURE AND CONSTRUCTION MATERIAL, EURO BETON INDUSTRIES COMPLEX AND CONTRACTING, SAVETO EGYPT, HASSAN ALLAM HOLDING |
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According to the opinions of various CXOs of leading companies, the Egypt premix plaster market is expected to witness steady growth. This is attributed to a significant surge in demand from residential and commercial end users. Premix plaster is often used in residential buildings, swimming pools, hotels, restaurants, and office buildings for interior and exterior walls, ceilings, and all types of reinforced cement concrete.Â
In addition, growing disposable income of consumers and changing government policies to attract foreign investors in construction business is expected to drive the market growth. However, high initial capital investment and limited application in small projects may restrict the market growth.
A. Increase in demand from the construction industry, robust investment in building and construction sector are the factors that drive Egypt Premix Plaster Market growth.
A. Acquisition, new product launch, and agreements are the key growth strategies of Egypt Premix Plaster Market players.
A. Lafarge Egypt, Saint-Gobain Gyproc Egypt, United Paints and Chemicals Drymix S.A.E, CEMEX S.A.B. de C.V., Hassan Allam Holding, Saveto Egypt, and Araco Admixture and Construction Material are some of the key players in the market
A. Cement premix plaster holds the maximum share of the Egypt Premix Plaster Market
A. Residential end-user holds the maximum share of the Egypt Premix Plaster Market
A. The Egypt Premix Plaster Market is expected to reach $2.4 billion by 2027.
A. Construction and building companies are the potential customers of Egypt Premix Plaster industry.
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