Egypt Masterbatch Market is
anticipated to grow at a significant rate in the projected period,, driven by
the country's favorable investment environment, increasing demand for plastic
products, and focus on sustainable manufacturing practices.
Masterbatch is a concentrated
mixture of pigments, additives, and carriers that are used to color or modify
the properties of plastic materials during the manufacturing process.
Masterbatch is added to the plastic pellets or resin before processing, and it
is designed to uniformly disperse within the plastic material.
In recent years, the demand for
masterbatch in the Egyptian market has been growing significantly. This is
largely due to the increasing use of plastic products in various industries
such as packaging, automotive, construction, and electronics. The key drivers
of the growth of the masterbatch market in Egypt are the country's favorable
investment environment. The Egyptian government has implemented various
policies and initiatives to encourage foreign investment in the country, which
has resulted in the establishment of many manufacturing facilities in the
country.
Furthermore, the increasing
population and rising disposable income in Egypt have led to a surge in demand
for packaged goods to ensure safety of the product, which in turn will boost
the demand for plastic products and masterbatch. Another factor contributing to
the growth of the masterbatch market in Egypt is the increasing focus on
sustainable manufacturing practices. Masterbatch manufacturers are investing in
the development of environmentally friendly products that have a lower carbon
footprint and are less harmful to the environment.
Increasing Demand from End User
industries is a Factor that Drives theEgypt Masterbatch Market Growth
The increasing demand for
end-user industries in Egypt has had a significant impact on the growth of the
masterbatch market. Masterbatch is a type of additive used in the production of
plastic products to improve their color, texture, and other properties. The end-user
industries that rely heavily on plastic products include packaging, automotive,
construction, and electronics. As these industries continue to grow in Egypt,
the demand for masterbatch has also increased. As per the world bank
data, the annual revenue generated by the manufacturing sector in Egypt is
estimated to be USD62.64 billion in 2020, which is an increase of 4.71%
annually.
The rising packaging industry is
one of the major drivers of the growth of the masterbatch market in Egypt as it
requires a significant amount of masterbatch to provide additional properties
such as color, strength, stiffness to raw material. Masterbatch is used to
color and enhance the properties of plastic packaging materials such as bags,
bottles, and containers. With the growing population and growing purchasing
power, the demand for packaged item such as foods, textile, electronics has
increased to ensure safety and quality.
The automotive industry is
another foremost end-user industry that is driving the growth of the masterbatch
market in Egypt. Masterbatch is used in the production of various automotive
parts such as dashboards, bumpers, and interior trim to improve their
durability, texture, and color. The construction industry is also a significant
end-user industry for masterbatch in Egypt. Masterbatch is used in the
production of plastic pipes, fittings, and other materials used in plumbing and
construction applications. Masterbatch improves the strength and durability of
these materials, making them suitable for use in harsh environments.
Furthermore, the electronics
industry is another major end-user industry for masterbatch in Egypt.
Masterbatch is used to color and enhance the properties of plastic components
used in electronic devices such as laptops, smartphones, and other electronic
products. As a result, the demand for masterbatch in Egypt has been on the rise
, contributing to the growth of the masterbatch market in the country.
Increasing Use of Recyclable
Plastic for Sustainable Development is Another Factor Driving the Masterbatch
Market Growth
The increasing use of recyclable
plastic in Egypt has had a significant impact on the growth of the masterbatch
market. Recyclable plastic is a type of plastic that can be reused or recycled,
reducing the amount of plastic waste that ends up in landfills and the
environment. Masterbatch is a type of additive used in the production of
plastic products to improve their color, texture, and other properties. As the
demand for recyclable plastic grows, so does the demand for masterbatch that
can be used in its production. In Egypt, more than three million tonnes
of plastic waste are generated per year and dumped into landfills, the Nile,
and the Mediterranean Sea. As an outcome, various initiatives and
private players are joining hands with new entrepreneurs and startups, such as
TileGreen.
The key drivers of the growth of
the masterbatch market in Egypt are the increasing focus on sustainable
manufacturing practices. Recyclable plastic is an important part of these
practices, as it helps reduce the amount of plastic waste in the environment.
As a result, there is a growing demand for masterbatch that can be used in the
production of recyclable plastic products. These masterbatches are designed to
be compatible with the recycling process and can help improve the properties of
the recycled plastic, making it more durable and visually appealing.
Furthermore, the use of recycled
plastic in the production of various products, including packaging, automotive,
construction, and electronics, has also contributed to the growth of the
masterbatch market. Masterbatch is used to color and enhance the properties of
these products, and as the demand for recycled plastic grows, so does the
demand for masterbatch that can be used in its production.
In addition, the Egyptian
government has implemented various policies and initiatives to encourage the
use of recyclable plastic and reduce plastic waste. This has led to an increase
in the production and use of recyclable plastic products in the country,
further driving the demand for masterbatch. Therefore, the rising demand for
recycled plastic will propel the demand for masterbatch in the country.
Rising Technological
Advancements in Egypt Pushing the Masterbatch Market Growth
The technological advancements
have impacted the masterbatch market such as the development of new types of
masterbatch. Manufacturers are developing masterbatches that can be used in
different types of plastic products, including biodegradable and recyclable
plastics. These masterbatches are designed to meet the evolving needs of the
market for eco-friendly and sustainable products.
Another technological
advancement that has impacted the masterbatch market is the development of
advanced manufacturing techniques. Manufacturers are using new manufacturing
techniques, such as extrusion and injection molding, to improve the production
process and produce high-quality masterbatch. These techniques help improve the
consistency and quality of the masterbatch, ensuring that it meets the desired
properties of the plastic products.
Furthermore, technological
advancements in the field of nanotechnology have also impacted the masterbatch
market in Egypt. Nanotechnology involves the use of small particles, known as
nanoparticles, to improve the properties of materials. Manufacturers are using
nanotechnology to develop masterbatches that can improve the strength,
durability, and other properties of plastic products.
In addition, technological
advancements have also improved the color and appearance of masterbatch.
Manufacturers are using advanced color-matching techniques, such as
spectrophotometry, to develop a masterbatch that can match the exact color
specifications of plastic products. This helps improve the visual appeal of
plastic products, making them more attractive to consumers.
Recent Developments
- In 2020, Elsewedy Egyplast, an Egyptian
company for plastic industry, launched Desiccant Masterbatch. It is a
hygroscopic substance that is used to induce or sustain a state of dryness
(desiccation) in its vicinity. They introduced three types of desiccant
masterbatch grade A, Grade B, and Grade C. The launch of Desiccant
Masterbatch is a significant achievement for Egyplast and is expected to
be a major growth driver for the company in the upcoming years.
- In 2018, Ampacet acquired Cepsa Quimica’s
masterbatch business to expand its presence in Europe and the Middle East.
The acquisition allowed Ampacet to access new markets and strengthen its
position in the masterbatch market.
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Market Segmentation
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. Based on the polymer, the market is divided
into PP, LDPE/LLDPE, HDPE, PVC, PET, and Others. Based on the application, the
market is divided into film extrusion, injection molding, blow molding, roto
molding, and others. Based on the end-user industry, the market is divided into
packaging, building & construction, electronics, consumer goods,
automotive, textile, and others.
Company Profiles
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 masterbatch, Indevco Inc
(MicroMB), and Memco Plast are some of the key players of Egypt masterbatch
market.
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Attribute
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Details
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Base Year
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2022
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Historic Data
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2018 – 2021
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million, Volume in tons, and CAGR for 2018-2022 and 2023-2028
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Report Coverage
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Revenue forecast,
volume forecasting, company shares, competitive landscape, growth factors,
and trends
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Segments Covered
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Type
Polymer
Application
End User Industry
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Country scope
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Cairo,
Alexandria, Giza, Qalyubia, Port Said, Suez, and the Rest of Egypt
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Key companies profiled
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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
masterbatch, Indevco Inc (MicroMB), and Memco Plast
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Customization scope
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10% free report customization with purchase.
Addition or alteration to country, regional & segment scope.
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Pricing and purchase
options
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Avail customized
purchase options to meet your exact research needs.
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Delivery Format
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PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request)
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Report Scope:
In this report, Egypt
Masterbatch market has been segmented into the following categories, in
addition to the industry trends, which have also been detailed below:
- Egypt Masterbatch Market, By Type:
- White
- Black
- Additive
- Color
- Others
- Egypt Masterbatch Market,
By Polymer:
- PP
- LDPE/LLDPE
- HDPE
- PVC
- PET
- Others
- Egypt Masterbatch Market,
By Application:
- Film Extrusion
- Injection Molding
- Blow Molding
- Roto molding
- Others
- Egypt Masterbatch Market, By End
User Industry:
- Packaging
- Building &
Construction
- Electronics
- Consumer Goods
- Automotive
- Textile
- Others
- Egypt Masterbatch Market, By Region:
- Cairo
- Alexandria
- Giza
- Qalyubia
- Port Said
- Suez
- Rest of Egypt
Competitive landscape
Company Profiles: Detailed
analysis of the major companies in Egypt Masterbatch 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 Masterbatch Market is an
upcoming report to be released soon. If you wish for an early delivery of this
report or want to confirm the date of release, please contact us at [email protected].