Market Forecast By Type (Methyl Acrylate, Ethyl Acrylate, Butyl Acrylate, 2-EH Acrylate, Others), By Application (Surface Coatings, Adhesives and Sealants, Plastic additives, Detergents, Textiles) And Competitive Landscape
Product Code: ETC103691 | Publication Date: Jun 2021 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Egypt Acrylic Ester Market |
Forecast period | 2025-2031 |
CAGR | 4.3% |
Growing Sector | Automotive |
Egypt Acrylic Ester Market report thoroughly covers the market by type and by application. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The acrylic ester market in Egypt has been growing at a rapid pace, due to the increasing demand for high-performance coatings in various industries. The report further highlights that the booming construction sector, along with the increasing automotive production, is driving the demand for acrylic ester in the country.
According to 6Wresearch, the Egypt Acrylic Ester Market size is estimated to grow at a CAGR of 4.3% during the forecast period 2025-2031. The increasing disposable income of Egypt's middle class and the rising demand for consumer goods are significant drivers of the acrylic ester market. With the growth of the construction sector in the country, there has been a rising need for coatings and adhesives that use these chemicals. Additionally, the growing demand for polymer dispersions in the packaging industry has propelled the growth of the acrylic ester market. Despite the growth trajectory, the Egypt Acrylic Ester industry also faces significant challenges. The shortage of raw materials, volatility of oil prices, and stringent environmental regulations pose major challenges to the market growth. However, the market presents ample opportunities for innovations and collaborations, with the rising demand for sustainable and bio-based materials. Additionally, the growing transition towards innovative and eco-friendly products. Manufacturers are increasingly looking for alternatives to traditional acrylic esters that have fewer environmental concerns. Additionally, the emergence of advanced technology in the industry is driving the demand for higher quality and reliable coatings, adhesives and sealants products that are expected to meet different market needs.
The Egyptian government has been supportive of the chemical industry and shown interest in providing specialized industrial zones (parks) focused on chemical manufacturing. The aim of these parks is to increase investment in new chemical projects, boost local production, and reduce the country's reliance on imports. Additionally, the government is also offering tax incentives and exemption from custom duties on raw materials to attract more investors to the sector.
Some of the prominent players in the market include Arkema Group, BASF SE, Celanese Corporation, Dow Inc, and LG Chem Ltd. These players are focusing on expanding their product portfolio, collaborating with local players, and investing in R&D to remain competitive in the market.
The rising demand for high-quality paints, coatings, and adhesives, along with the growth of the packaging industry, presents significant opportunities for the acrylic ester market in Egypt. With favourable government initiatives to build a diversified economy and attract foreign investments, several multinational players have invested in the country to capitalize on the growing opportunities in the country.
According to Dhaval, Research Manager, 6Wresearch, Ethyl Acrylate is the only fast-growing type of Acrylic Ester in the Egyptian market. The high thermal stability, better water and weather resistance properties of Ethyl Acrylate make it a suitable option for various industries.
Based on the application, plastic additives are growing in the market due to the booming plastic industry in Egypt has led to an increase in demand for plastic additives, and acrylic esters' application has seen rapid growth in response. The versatility and effectiveness of acrylic esters continue to make it a popular choice for manufacturers in various fields, including surface coatings, adhesives and sealants, detergents, and textiles.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Egypt Acrylic ester Market Overview |
3.1 Egypt Country Macro Economic Indicators |
3.2 Egypt Acrylic ester Market Revenues & Volume, 2021 & 2031F |
3.3 Egypt Acrylic ester Market - Industry Life Cycle |
3.4 Egypt Acrylic ester Market - Porter's Five Forces |
3.5 Egypt Acrylic ester Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Egypt Acrylic ester Market Revenues & Volume Share, By Form, 2021 & 2031F |
4 Egypt Acrylic ester Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Egypt Acrylic ester Market Trends |
6 Egypt Acrylic ester Market, By Types |
6.1 Egypt Acrylic ester Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Egypt Acrylic ester Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Egypt Acrylic ester Market Revenues & Volume, By Methyl Acrylate, 2021 - 2031F |
6.1.4 Egypt Acrylic ester Market Revenues & Volume, By Ethyl Acrylate, 2021 - 2031F |
6.1.5 Egypt Acrylic ester Market Revenues & Volume, By Butyl Acrylate, 2021 - 2031F |
6.1.6 Egypt Acrylic ester Market Revenues & Volume, By 2-EH Acrylate, 2021 - 2031F |
6.1.7 Egypt Acrylic ester Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Egypt Acrylic ester Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Egypt Acrylic ester Market Revenues & Volume, By Surface Coatings, 2021 - 2031F |
6.2.3 Egypt Acrylic ester Market Revenues & Volume, By Adhesives and Sealants, 2021 - 2031F |
6.2.4 Egypt Acrylic ester Market Revenues & Volume, By Plastic additives, 2021 - 2031F |
6.2.5 Egypt Acrylic ester Market Revenues & Volume, By Detergents, 2021 - 2031F |
6.2.6 Egypt Acrylic ester Market Revenues & Volume, By Textiles, 2021 - 2031F |
7 Egypt Acrylic ester Market Import-Export Trade Statistics |
7.1 Egypt Acrylic ester Market Export to Major Countries |
7.2 Egypt Acrylic ester Market Imports from Major Countries |
8 Egypt Acrylic ester Market Key Performance Indicators |
9 Egypt Acrylic ester Market - Opportunity Assessment |
9.1 Egypt Acrylic ester Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Egypt Acrylic ester Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Egypt Acrylic ester Market - Competitive Landscape |
10.1 Egypt Acrylic ester Market Revenue Share, By Companies, 2024 |
10.2 Egypt Acrylic ester Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |