Market Forecast By Resin (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester), By Technology (Waterborne, Solventborne, Powder), By Application (Architectural, Industrial) And Competitive Landscape
Product Code: ETC017592 | Publication Date: Jun 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Egypt Paints market currently, in 2023, has witnessed an HHI of 1094, Which has decreased slightly as compared to the HHI of 1300 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Egypt Paints Market report thoroughly covers the market by Resin, Technology, and Application. The market 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 Egypt Paints Market has witnessed growth over the years, driven by various factors including population growth, urbanisation, industrialisation, government initiatives, and infrastructural development. The market is expected to grow at a steady rate in the coming years.
According to 6Wresearch, the Egypt Paints Market size is expected to grow at a significant CAGR of 5.9% during 2025-2031. One of the major drivers of the paints market in Egypt is the rapid increase in population. The increased population led to an increased demand for housing, commercial buildings, and other construction projects, thus creating a steady demand for paints. Moreover, the rapid urbanization and industrialization in Egypt have increased the number of commercial and industrial buildings, creating a higher demand for paints used in these sectors. Additionally, with the government's focus on developing various industries such as construction, automotive and manufacturing, there is an increasing need for high-quality paints to meet industry standards. Furthermore, the government's efforts towards infrastructure development have also contributed to the growth of the paint market.
One of the major challenges is the volatility of raw material prices. Another challenge faced by the industry is the increasing competition from low-quality, imported paints. Moreover, environmental concerns and regulations is a significant challenge for the paint industry in Egypt.
The paints market in Egypt is dominated by leading multinational companies such as AkzoNobel, Sherwin-Williams, PPG Industries, and BASF. These companies have a strong presence in the country with their wide range of products catering to various industries like construction, automotive, industrial coatings, and marine coatings.
One of the major initiatives is the implementation of import substitution policies that promote locally manufactured paints over imported ones. Additionally, the government has also invested in infrastructure projects that require large amounts of paint such as construction and maintenance of public buildings, roads, and bridges. Moreover, the government has implemented regulations and standards for paint products to ensure their quality and safety for consumers. Furthermore, the government has also launched initiatives to promote eco-friendly and sustainable paints, in line with global trends towards greener solutions.
Egypt's paint market is expected to experience significant growth in the coming years due to various factors such as rapid urbanization, infrastructure development, and increasing demand in various industries. The country's growing population and rising disposable income are also likely to contribute to the market's growth. With advancements in technology and materials used for manufacturing paints, there will be a shift towards more eco-friendly and sustainable solutions. Furthermore, government initiatives promoting sustainability and green building practices are expected to drive the demand for environmentally friendly paints.
According to Ravi Bhandari, Research Head, 6Wresearch, the acrylic resin segment is experiencing significant growth in the Egypt paints market. This can be attributed to its various properties such as durability, colour retention, and cost-effectiveness.
The waterborne technology segment is witnessing growth in the market as it is eco-friendly and has low VOC emissions, making it a favourable choice for both consumers and government regulations.
In terms of application, the architectural segment is dominant in the Egypt paints market due to the increasing construction activities in residential and commercial sectors.
The report provides a detailed analysis of the following 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 Paints Market Overview |
3.1 Egypt Country Macro Economic Indicators |
3.2 Egypt Paints Market Revenues & Volume, 2021 & 2031F |
3.3 Egypt Paints Market - Industry Life Cycle |
3.4 Egypt Paints Market - Porter's Five Forces |
3.5 Egypt Paints Market Revenues & Volume Share, By Resin, 2021 & 2031F |
3.6 Egypt Paints Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Egypt Paints Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Egypt Paints Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Egypt Paints Market Trends |
6 Egypt Paints Market, By Types |
6.1 Egypt Paints Market, By Resin |
6.1.1 Overview and Analysis |
6.1.2 Egypt Paints Market Revenues & Volume, By Resin, 2021-2031F |
6.1.3 Egypt Paints Market Revenues & Volume, By Acrylic, 2021-2031F |
6.1.4 Egypt Paints Market Revenues & Volume, By Alkyd, 2021-2031F |
6.1.5 Egypt Paints Market Revenues & Volume, By Epoxy, 2021-2031F |
6.1.6 Egypt Paints Market Revenues & Volume, By Polyurethane, 2021-2031F |
6.1.7 Egypt Paints Market Revenues & Volume, By Polyester, 2021-2031F |
6.2 Egypt Paints Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Egypt Paints Market Revenues & Volume, By Waterborne, 2021-2031F |
6.2.3 Egypt Paints Market Revenues & Volume, By Solventborne, 2021-2031F |
6.2.4 Egypt Paints Market Revenues & Volume, By Powder, 2021-2031F |
6.3 Egypt Paints Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Egypt Paints Market Revenues & Volume, By Architectural, 2021-2031F |
6.3.3 Egypt Paints Market Revenues & Volume, By Industrial, 2021-2031F |
7 Egypt Paints Market Import-Export Trade Statistics |
7.1 Egypt Paints Market Export to Major Countries |
7.2 Egypt Paints Market Imports from Major Countries |
8 Egypt Paints Market Key Performance Indicators |
9 Egypt Paints Market - Opportunity Assessment |
9.1 Egypt Paints Market Opportunity Assessment, By Resin, 2021 & 2031F |
9.2 Egypt Paints Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Egypt Paints Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Egypt Paints Market - Competitive Landscape |
10.1 Egypt Paints Market Revenue Share, By Companies, 2024 |
10.2 Egypt Paints Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |