Egypt Masterbatch Market to be Dominated by Additive-type Masterbatch Segment Through 2028
Increasing use of plastic
products in various industries such as packaging, automotive, construction, and
electronics to drive the Egypt Masterbatch Market in the forecast
period, 2024-2028
According to the TechSci
Research report, “Egypt Masterbatch Market By Region, Competition
Forecast and Opportunities, 2028,” Egypt Masterbatch Market is
anticipated to grow at a substantial rate in the forecast period. The growing
focus on sustainable manufacturing practices and the use of recycled materials
are the key driving factors for the Egypt masterbatch market growth.. As the
companies opt for recycled plastic, the demand for masterbatch is expected to
increase due to its properties like thermal resistance, stiffness, and
durability.
The major restraints of the
Egypt masterbatch market are regulatory compliance, and competition from
low-cost imports. The masterbatch industry in Egypt needs to comply with
various environmental and safety regulations, such as REACH, RoHS, and GHS,
that aim to reduce the harmful impact of chemicals on human health and the
environment. These regulations may impose additional costs and complexities on
the masterbatch manufacturers and limit their product portfolio and market
access. Moreover, many local and international players are offering similar
products at lower prices. The import of cheap masterbatches from countries like
China, India, and Turkey poses a threat to domestic manufacturers, who have to
invest more in research and development, quality control, and customer service
to maintain their market share and profitability and additional burden to the
revenue earned.
Browse over XX market data
Figures spread through 70 Pages and an
in-depth TOC on the "Egypt Masterbatch Market"
Egypt Masterbatch Market is
segmented based on type, polymer, application, end-user industry, region and
competitive landscape.
Based on the type, the market is
divided into white, black, additive, color, and others. The additive-type
masterbatch segment is expected to hold the largest market share in the
forecast period. The additive-type masterbatch enhances the properties and
performance of polymers by providing UV protection, anti-oxidation, anti-static,
flame resistance, and other benefits. The additive type masterbatch is widely
used in various applications such as film extrusion, injection molding, blow
molding, roto molding, and others while making the product.
Based on the end-user industry,
the market is divided into packaging, building & construction, consumer
goods, automotive, textile, and others. The building & construction segment
is expected to hold the largest market share in the forecast period. The
building & construction sector is one of the major consumers of plastic
products such as pipes, tanks, electrical appliances, etc., which require
masterbatch for coloring and enhancing their properties. According to the
Central Agency for Public Mobilization and Statistics (CAPMAS), around 316,027
residential units were built in2020-21. Moreover, the government has launched
several mega projects such as the New Administrative Capital, New Alamein City,
and New El Alamein City to boost the urban development and economic growth of
the country.
Major companies operating in the
Egypt Masterbatch market are:
- Elsewedy Egyplast Ltd.
- Integrated Color System for Master Batch (ICS)
- El-Taisser Trading & Industry Co
- Perfecto Group For Plastic- Perfecto Plast
- Al Ahram Plastic Co.
- Misr Elhegaz Group
- Gabriel-Chemie GmbH
- El-Mostafa MASTER BATCH
- Indevco Inc (MicroMB)
- Memco Plast
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“Technological advancement has
had a significant impact on the growth of the masterbatch market in Egypt. As
manufacturers continue to adopt new technologies to improve the production
process and meet the evolving needs of the market, the demand for a high-quality
master batch is expected to increase further. With the increasing demand for
high-quality plastic products, manufacturers are adopting new technologies to
improve the production process and meet the evolving needs of the market.
Furthermore, technological advancements are also driving the development of
eco-friendly and sustainable masterbatch, which is expected to become
increasingly important in the upcoming years.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting
firm.
“Egypt Masterbatch Market By
Type (White, Black, Additive, Color, and Others), By Polymer (PP, LDPE/LLDPE,
HDPE, PVC, PET, and Others), By Application (Film Extrusion, Injection Molding,
Blow Molding, Roto Molding, and Others), By End User Industry (Packaging,
Building & Construction, Consumer Goods, Automotive, Textile, Others) By
Region, Competition Forecast & Opportunities, 2018-2028F,” has
evaluated the future growth potential of Egypt masterbatch market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Egypt masterbatch market.”
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