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Egypt Paints and Coatings - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029

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  • 110 Pages
  • February 2024
  • Region: Egypt
  • Mordor Intelligence
  • ID: 5178496
The Egypt Paints and Coatings Market size is estimated at USD 0.98 billion in 2024, and is expected to reach USD 1.24 billion by 2029, growing at a CAGR of 4.84% during the forecast period (2024-2029).

Key Highlights

  • The primary factor driving the market is increasing investments in the petrochemical and residential sectors.
  • Numerous power plant projects in the pipeline are likely to act as an opportunity for the market studied.
  • By end user, the architectural segment is expected to dominate the market due to an increase in construction activities in the region.

Egypt Paints and Coatings Market Trends

Acrylic Resin Type to Dominate the Market

  • Acrylic resins are the most widely used polymers in the paints and coatings industry. Most acrylic paints are water- or solvent-based and are available as emulsions (latices), lacquers (lower volume solids), enamels (higher volume solids), and powders (100% solids).
  • Common acrylic polymers come in a wide variety of types and combinations, such as methyl and butyl methacrylate.
  • The two principal forms of acrylic used are thermoplastic and thermoset. Thermoplastics acrylic resins are synthetic resins achieved by the polymerization of different acrylic monomers. Thermosets are cured at elevated temperatures by reacting with other polymers.
  • Acrylic resin has major performance advantages, such as gloss, exterior durability, corrosion resistance, chemical resistance, solvent resistance, and hardness.
  • Application of acrylic coatings is primarily found in the construction industry for high-end finishing in roofs, decks, bridges, floors, and other applications. Water-based acrylic coatings are high in demand due to the environmental concerns, like the negative impact of VOCs affecting the air quality.

Increasing Demand from Architectural Segment

  • Architectural paints and coatings are by far the largest segment in the whole paints and coatings industry. Architectural coatings are meant to protect and decorate the surface features.
  • These are used to coat buildings, homes, commercial applications, such as office buildings, warehouses, retail convenience stores, and shopping malls, and residential buildings.
  • The construction industry in Egypt has been among the fastest-growing in the world, expanding by an average of over 9% in the past few years. The country's construction projects accounted for about 10% of the total number of construction projects in Africa.
  • The market witnessed recovery in 2021, with the increasing demand from the architectural industry, growing urbanization, and rising demand for eco-friendly coatings with new project announcements (such as the Green Cities Program, the Noor City Project in East Cairo, and skyscrapers at New Alamein Egypt).
  • Egypt has around 1,400 development projects, of which almost 70% of the ventures are in the advance stage and the remaining in the initial stage. There are upcoming projects in Mountain View iCityin New Cairo. Such factors are fuelling the demand for architetcural coatings in the country.

Egypt Paints and Coatings Industry Overview

The Egyptian paints and coatings market is consolidated in nature, with the top five players accounting for over 70% of the market share. Some of the key companies in the market include (not in any particular order) Scib Paints (Asian Paints), MIDO Coatings, PACHIN, Akzonobel NV, GLC Paints, and Sipes Egypt.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

This product will be delivered within 2 business days.

Table of Contents

1.1 Study Assumptions
1.2 Scope of the Study
4.1 Drivers
4.1.1 Increasing Petrochemical (Oil and Gas) Projects in the Country
4.1.2 Growing Demand from Residential Sector
4.2 Restraints
4.2.1 Slowdown in Automotive Industry
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5 MARKET SEGMENTATION (Market Size in Value)
5.1 Resin Type
5.1.1 Acrylic
5.1.2 Alkyd
5.1.3 Polyurethane
5.1.4 Epoxy
5.1.5 Polyester
5.1.6 Other Resin Types
5.2 Technology
5.2.1 Waterborne
5.2.2 Solvent-borne
5.2.3 Other Technologies
5.3 End User
5.3.1 Architectural
5.3.2 Automotive
5.3.3 Wood
5.3.4 Protective Coating
5.3.5 General Industrial
5.3.6 Other End Users
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Akzo Nobel NV
6.4.2 GLC Paints
6.4.3 Hempel AS
6.4.4 Jotun
6.4.5 KAPCI Paints
6.4.6 MIDO Coatings
6.4.7 National Paints Factories Co. Ltd
6.4.9 Pachin
6.4.10 Scib Paints (Asian Paints)
6.4.11 SIGMA Paints
6.4.12 Sipes Egypt

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Akzo Nobel NV
  • GLC Paints
  • Hempel AS
  • Jotun
  • KAPCI Paints
  • MIDO Coatings
  • National Paints Factories Co. Ltd
  • Pachin
  • Scib Paints (Asian Paints)
  • SIGMA Paints
  • Sipes Egypt