Egypt
Bulk Chemicals market is expected to increase at a notable rate during the
forecast period, 2024-28. Growing demand from various industries such as
healthcare, food & beverage, automotive, construction, agriculture, and
almost every sector where the chemical is required at a mass level are driving
the demand for bulk chemicals in the region. As the commodities market has
diverse and humongous application, the market is led by prominent players with
expanded portfolios having refined and modern management approach.
The
Egypt bulk chemicals market refers to the production and distribution of large
quantities of chemicals used in various industries, such as pharmaceuticals,
agriculture, construction, and manufacturing. Moreover, Egypt is a prominent producer
of chemicals in the Middle East and Africa region. The country has a
well-established chemical industry, with a significant number of local and
multinational companies operating in the market. Some of the major players in
the Egypt bulk chemicals market include Sidi Kerir Petrochemicals Company
(SIDPEC), Egyptian Petrochemicals Company (EPC), and Abu Qir Fertilizers and
Chemicals Industries Company (AFC).
The
market for bulk chemicals in Egypt is driven by several factors, including the
country's large population, growing industrialization, and increasing demand
from end-user industries. The government's efforts to promote foreign
investment and boost local production are also expected to drive the growth of
the bulk chemicals market in Egypt. The key products in the Egypt bulk
chemicals market include ammonia, methanol, urea, sulfuric acid, and other
fertilizers and chemical products. These products are used in various
industries, such as agriculture, textile, construction, and healthcare.
Rising
Demand for Construction Activities in the Region is Driving the Market Growth
The
construction industry in Egypt is rapidly growing, and this has led to an
increased demand for bulk chemicals used in the industry. The Egyptian
government has been implementing policies to support the growth of the
construction sector, which has led to an increase in construction activities
across the country. The construction industry in Egypt has been expanding at a
rapid pace, driven by several factors such as the country's growing population,
urbanization, and increasing demand for housing and infrastructure. According
to the Central Agency for Public Mobilization and Statistics (CAPMAS), the
construction sectors contribute almost 6.3% to the country's Gross Domestic
Product (GDP).
The
demand for bulk chemicals in the construction industry is significant, as these
chemicals play a vital role in enhancing the durability, strength, and safety
of structures. Bulk chemicals such as cement additives, coatings, and concrete
admixtures are widely used in the construction industry to improve the quality
of construction materials and ensure their longevity.
The
Egyptian government has been implementing policies to support the growth of the
construction sector, which has led to an increase in construction activities
across the country. In 2019, the government launched the "New Urban
Communities Authority" program, which aims to develop new urban
communities across Egypt. This program is expected to lead to an increase
in the construction of residential and commercial buildings, as well as
infrastructure projects. The government has also been investing in large-scale
infrastructure projects, such as the New Administrative Capital and the Suez
Canal Economic Zone, which are expected to create more demand for bulk
chemicals used in construction.
To
support the growth of the construction industry and the demand for bulk
chemicals, the Egyptian government has been implementing several initiatives.
For example, the government reduced customs duties on construction materials,
including bulk chemicals, to encourage investment in the sector. Additionally,
the government launched the "Egypt Vision 2030" program, which aims
to improve the country's infrastructure and support economic growth. Therefore,
all these efforts & rising demand for construction of infrastructure
projects are expected to propel the Egypt bulk chemical market growth.
Expanding
Agricultural Activities & Sector are expected to Propel the Market Growth
The
agricultural sector in Egypt has been expanding in recent years, driven by
several factors such as the country's fertile soil, favorable climate, and the
government's focus on supporting the sector. According to the Central Agency
for Public Mobilization and Statistics (CAPMAS), the agricultural sector's
contribution to the country's Gross Domestic Product (GDP) that amounted to be
12.1% in 2020.
The
use of bulk chemicals for manufacturing agrochemical such as fertilizers,
pesticides, and herbicides are essential in the agricultural sector to improve
crop yields and quality. The expansion of the agricultural sector in Egypt has
led to an increase in the demand for these chemicals, making it an attractive
destination for local and foreign investors in the bulk chemical market.
The
Egyptian government has been implementing several initiatives to support the
expansion of the agricultural sector and the demand for bulk chemicals. For
example, the government has been investing in irrigation projects to improve
water supply to farmland, which has led to an increase in agricultural
productivity. The government has also been supporting the adoption of modern
farming techniques, such as precision agriculture and vertical farming, which
require the use of bulk chemicals.
To
encourage investment in the agricultural sector and the bulk chemical market,
the government reduced custom duties on agricultural inputs, including bulk
chemicals. Additionally, in "Egypt Vision 2030" program, government
has provided significant importance to agriculture sector, which aims to
support the development of the agricultural sector and improve food security in
the country.
Hence,
the expansion of the agricultural sector in Egypt is driving the demand for
bulk chemicals used in agriculture, such as fertilizers, pesticides, and
herbicides. The government's efforts to support the sector are expected to
create more opportunities for the Egypt bulk chemical market, making it an
attractive destination for local and foreign investors.
Growing
Manufacturing Activities are Key factors That Drive the Market Growth
The
manufacturing industry is an essential part of Egypt's economy, contributing
significantly to the country's Gross Domestic Product (GDP) and providing
employment opportunities to the population. The growing manufacturing
activities in Egypt have had a positive impact on the bulk chemical market, as
these chemicals are crucial for the production of a wide range of products.
The
manufacturing industry in Egypt has been growing rapidly in current years,
driven by several factors such as the country's strategic location,
availability of skilled labor, and the government's focus on supporting the
sector. According to the Central Agency for Public Mobilization and Statistics
(CAPMAS), the manufacturing sector's contribution to the country's GDP
increased from 16.8% in 2020.
Bulk
chemicals such as adhesives, coatings, and solvents are essential for the
manufacturing industry, as they are used in the production of various products
such as automobiles, electronics, and textiles. The growing manufacturing
activities in Egypt have led to an increase in the demand for these chemicals,
making it an attractive destination for local and foreign investors in the bulk
chemical market.
The
Egyptian government has been implementing several initiatives to support the
growth of the manufacturing industry and the demand for bulk chemicals. For
example, the government launched the "Industrial Modernization
Program," which aims to modernize the country's manufacturing sector and
improve its competitiveness. The government has also been investing in
infrastructure projects, such as the development of industrial parks and
special economic zones, to attract more investment in the sector.
To
encourage investment in the manufacturing industry and the bulk chemical
market, the government reduced customs duties on industrial inputs, including
bulk chemicals. Additionally, the government is providing significant support
to the "Egypt Vision 2030" program, which aims to support the
development of the manufacturing sector and increase the country's exports.
Therefore, the growing manufacturing activities has significant impact on the
bulk chemical market and is expected to rise during the forecast period.
Recent
Development
- In
2019, the Egyptian Petrochemicals Company (EPC), which produces a wide
range of basic chemicals, including methanol, formaldehyde, and urea. The
company has been investing heavily in its production facilities, with a
recent project to increase its methanol production capacity by 40%. The
expansion is expected to meet the growing demand for methanol in Egypt and
the wider Middle East region.
- In
2020, the representative of Ministry of Petroleum, Mining, and Mineral
Resources in Egypt stated that they are going to establish two production
plant that produce polyacetal, and another plant that produce melamine in
Damietta, After the completion of the projects the plant will annually
produce 50,000 tons of chemicals and later expand the annual capacity to
60,000 tons.
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Market
Segmentation
Egypt
Bulk Chemicals market is segmented based on type and end user industries. Based
on type, the market is further bifurcated into organic and inorganic. Based on
end user industries, the market is further divided into healthcare, food &
beverage, automotive, construction, agriculture, and others.
Market
Players
BASF
SE Middle East, Chemical Industries Holding Company, Abu Qir Fertilizers and
Chemicals Industries Company (ABUK), Egyptian Petrochemicals Company (EPC),
Delta Fertilizers and Chemicals Company (DFC), Alexandria Mineral Oils Company
(AMOC), National Company for Chemical Industries (NCCI), Arab Fertilizers and
Chemicals Industries Ltd, AkzoNobel NV, and Solvay SA are the key players
operating in the Egypt bulk chemicals market.
Attribute
|
Details
|
Base
Year
|
2022
|
Historic
Data
|
2018 – 2022
|
Estimated
Year
|
2023
|
Forecast
Period
|
2023 – 2028
|
Quantitative
Units
|
Revenue
in USD Million, Volume in metric ton, and CAGR for 2018-2022 and 2024-2028
|
Report
coverage
|
Revenue forecast,
volume forecast, company share, competitive landscape, growth factors, and
trends
|
Segments
covered
|
By Type
By End User Industries
|
Regional
scope
|
Cairo,
Alexandria, Giza, Qalyubia, Port Said, Suez, and Rest of Egypt
|
Key
companies profiled
|
BASF
SE Middle East, Chemical Industries Holding Company, Abu Qir Fertilizers and
Chemicals Industries Company (ABUK), Egyptian Petrochemicals Company (EPC),
Delta Fertilizers and Chemicals Company (DFC), Alexandria Mineral Oils Company
(AMOC), National Company for Chemical Industries (NCCI), Arab Fertilizers and
Chemicals Industries Ltd, AkzoNobel NV, and Solvay SA.
|
Customization
scope
|
10% free
report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
Pricing
and purchase options
|
Avail
customized purchase options to meet your exact research needs.
|
Delivery
Format
|
PDF and Excel through
Email (We can also provide the editable version of the report in PPT/Word
format on special request)
|
Report
Scope:
In this report,
Egypt Bulk Chemicals market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- Egypt Bulk Chemicals Market, By
Type:
- Egypt Bulk Chemicals Market, By End
User Industries:
- Healthcare
- Food & Beverage
- Automotive
- Construction
- Agriculture
- Others
- Egypt Bulk Chemicals Market, by
Region
- Cairo
- Alexandria
- Giza
- Qalyubia
- Port Said
- Suez
- Rest of Egypt
- Southern
Competitive
Landscape
Company
Profiles: Detailed
analysis of the major companies present in Egypt bulk chemicals market.
Available
Customizations:
With the given
market data, TechSci Research offers customizations according to a company’s
specific needs. The following customization options are available for the
report:
Company
Information
- Detailed analysis and profiling of
additional market players (up to five).
Egypt Bulk
Chemicals market is an upcoming report to be released soon. If you wish an
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contact us at [email protected]