EGYPT PAINTS & COATINGS MARKET

Egypt paint & coating market is projected to grow at CAGR of 4.5% throughout the forecast period owing to increase demand from construction industry.

Major Egypt Paints & Coating Market Drivers

Major factors such as technological enhancement and continued research and developments can further propel the market’s growth in Egypt. In addition, a growing expandable income impacts the improving standard of living and thus boosts the demand of decorative and low-odor interior paints, which will further fuel the market growth. Increasing investments in the residential and petrochemical sectors and the increased construction activities in the region are also spurring the growth of the market.

There has been a rapid technological enhancement in paint and coatings technology. That includes anti-microbial and self-cleaning activity, corrosion resistance, as well as improved scratch and UV resistance. A review has also been undertaken regarding nanostructured coatings for superhydrophobic surfaces and other applications. Massive research and development to improve its performance and durability is also fostering the growth of the market in Egypt.

As the initial barrier separating environment and the facility, coatings and paints are playing a crucial role to protect surfaces from harmful effects. Choosing the right coatings is a key strategy to protect and prevent the facilities and infrastructure from corrosion. Ensuring proper surface preparation and well application is also important to avoid coating system failures.

There are three basic components of organic coatings, like the solvent, the resin or binder, and the pigment. There can be an additional component, which is additives, to improve processing or performance in specific properties.

Paint can be classified into architectural or trade sales, industrial or maintenance, and specialty. Architectural and trade sales include latex and alkyd paints. Industrial or maintenance includes anti-corrosive primers, machinery, and industrial enamels. Meanwhile specialty is specific in their applications, such as for plastic or coil coatings.

Before applying paints and coatings, there are typical environmental conditions that need to be evaluated. That includes ultraviolet (UV) light, soil, atmospheric, stray currents, pipes and tanks’ internal condition, and biological factors like mold and mildew.

As products made from petrochemicals are gaining popularity, investment in industry is on the rise, thereby promoting the growth of paints and coating market.

Interior and exterior paints and coatings are needed on residential buildings. Therefore, as there is an increased in the residential sectors and construction activities in the region, there will be a growing demand for paints and coating products among consumers in Egypt.

Despite its rapid growth, Egypt paints and coating market has seen some challenges that hamper its growth. Since the covid outbreak, growth rate of industries has seen a decline, whether it is in the automotive, transportation, oil and gas, and other sectors across the Middle East. Many projects have to face cancellation or stagnation.

However, there has been a rising demand for UV and heat-resistant coating products. It is due to the growth of the automotive industry and the use of this coating in the construction and building industry. It can be a prospect for the market to bounce back and thrive. With the rising environmental challenges, there is also a demand for more sustainable products. It serves as an opportunity for this industry to expand its market.

Another opportunity can be manifested in the enhancement of smart coating technologies. It includes the capability of super-hydrophobic, anti-corrosion, and anti-bacterial coatings. This emerging trend offers a possibility for Egypt paints and coating market to escalate its growth.

There are various notable players operating in the Egypt paints and coating market. That includes Sipes Egypt, MIDO Coatings, PACHIN, GLC Paints, among others.

Acrylic Resin is anticipated to become the market leader based on the Resin Type, as it is widely used in the manufacture of coating and painting solutions. This is as a result of their durability and adhesion to various surfaces. Acrylic coatings are commonly used for high-end finishing in floors, decks, roofs, bridges, and others. Meanwhile, Waterborne will dominate the market based on the technology and Architectural will hold the largest share based on the end-user.

Segments covered in the Report:

The Egypt Paints & Coating Market has been segmented on the basis of resin type, end-user and technology. Based on the resin type, the market is segmented into acrylic, polyester, polyurethane, epoxy, alkyd, bituminous, others. Based on the end-user, the market is segmented into automotive, architectural, wood, protective coating, general industrial, others. Based on the technology, the market is segmented into waterborne coatings, solvent-borne coatings, powder coatings.

Report Coverage	Details
Market Revenues (2022)	USD Million
Market Base Year	2022
Market Forecast Period	2023-2030
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Resin Type, By End-User, By Technology
Regional Coverage	Egypt
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Egypt Paints & Coating Market by Resin Type

• • Acrylic
  • Polyester
  • Polyurethane
  • Epoxy
  • Alkyd
  • Bituminous
  • Others

Egypt Paints & Coating Market by End-User

• • Automotive
  • Architectural
  • Wood
  • Protective Coating
  • General Industrial
  • Others

Egypt Paints & Coating Market by Technology

• • Waterborne Coatings
  • Solvent-borne Coatings
  • Powder Coatings