Egypt Premix Plaster Market

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. 

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. 

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.

Egypt Premix Plaster Market, By Binding 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. 

Egypt Premix Plaster Market, By End-User

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

• The Egypt premix plaster market had immediate impact of the COVID-19 breakdown. The industry has been persistently challenged by huge number of labor shortage. 
• In addition, contractors are expected to witness significant challenges, owing to operational uncertainties. Nation wise lockdown and social distancing norms negatively impacted the transportation sector, which is vital for premix plaster service. Furthermore, restrictions on cross border import, disrupted the Egypt premix plaster supply chain. 
• The delay in upstream and downstream activities led to increase in inventory carrying cost, which further impacted overall project cost.
• Moreover, discretionary spending on non-essential home items is pressurized for last six to eight months, which further restricted the demand for plastering services.
• However, implementation of IoT and automation may improve the market scenario reducing the need of labors wherever possible.

Key benefits for stakeholders

• The Egypt Premix Plaster market analysis covers in-depth information of major industry participants.
• Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
• Major countries have been mapped according to their individual revenue contribution to the regional market.
• The report provides in-depth analysis of the Egypt Premix Plaster market forecast for the period 2020–2027.
• The report outlines the current Egypt Premix Plaster market trends and future estimations of the market from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets. 
• The key drivers, restraints, & market opportunity and their detailed impact analysis are explained in the study.

 Egypt Premix Plaster Market Report Highlights