Egypt
polypropylene market is anticipated to grow at significant rate in the projected
period of 2028, which is driven by the increasing demand for polypropylene in
various end-user industries such as packaging, construction, and others.
Polypropylene is a thermoplastic polymer that is widely
used in various applications, including packaging, automotive parts, textiles,
and construction materials. The demand for polypropylene in Egypt is driven by
various factors, including the growth of the country's population,
urbanization, and the increasing use of plastic products in various industries.
The packaging industry is one of the major consumers of polypropylene in Egypt,
followed by the automotive and construction industries.
The Egyptian government is taking steps to encourage
the growth of the polypropylene industry in the country. In 2020, the government
announced plans to invest $2.8 billion in the petrochemical sector to increase
the production of different polymers and chemicals such as polypropylene and other
chemicals. This investment is expected to boost the polypropylene market in
Egypt in the upcoming years.
Increasing Demand from End User industries is a Factor that
Drives the Egypt Polypropylene Market Growth
Polypropylene is a thermoplastic polymer that is widely
used in various industries due to its versatility, durability, and cost-effectiveness.
The growing demand from end-user industries is one of the key drivers of Egypt's
polypropylene market growth. Polypropylene, which is a versatile thermoplastic
polymer, is widely used in various industries such as packaging, automotive, construction,
and healthcare, and others.
In the packaging industry, polypropylene is used to
manufacture various types of packaging materials such as containers, bottles, films,
etc. The growth in the packaging industry in Egypt is driven by the increasing
demand for consumer goods, expected to boost the demand for polypropylene in
the country.
In the automotive industry, polypropylene is used to
manufacture various interior and exterior components such as dashboards, door
panels, bumpers, and others. The growth in the automotive industry in Egypt,
driven by the government's efforts to attract foreign investment and increase
local production, is expected to boost the demand for polypropylene in the
country. In 2021, the annual motor vehicle sales of Egypt rise to 277805
units which are 26% more than the previous year's annual sales.
In the construction industry, polypropylene is used to
manufacture various products such as pipes, fittings, roofing materials, and others.
The growth in the construction industry in Egypt is driven by the government's
investment in infrastructure projects and the increasing demand for housing is
expected to boost the demand for polypropylene in the country.
In the healthcare industry, polypropylene is used to
manufacture various medical devices such as syringes, vials, tubes, etc. The growth
in the healthcare industry in Egypt is driven by the increasing demand for
healthcare services and the government's efforts to improve the healthcare
infrastructure further expecting to boost the demand for polypropylene in the
country. Hence, the growing demand from different end-user industries is a factor
propelling the demand for the polypropylene market in Egypt in the forecasted period.
Supportive Government Initiatives are the Factor Driving
the Polypropylene Market Growth.
The Egyptian government has been taking significant
initiatives to support the growth of various industries, including the polypropylene
industry. Such as:-
Infrastructure Development: The Egyptian government has been investing heavily in
infrastructure development, including the expansion of seaports and airports, the
construction of highways, and the development of industrial zones. This
infrastructure development has attracted foreign investment, which has led to the
establishment of new polypropylene manufacturing facilities in the country.
Investment Incentives: The government has been providing investment incentives to local
manufacturers to boost the production of polypropylene. These incentives
include tax breaks, subsidies, and reduced import duties on raw materials and
equipment used in the manufacturing process. This has led to an increase in
local production, which has reduced the country's reliance on imported
polypropylene.
Research and Development: The Egyptian government has also been promoting research and
development in the polypropylene industry to improve the quality and
competitiveness of local products. The government has established research
centers and institutions, providing funding and technical support to researchers
and scientists to develop new technologies and products.
Trade Agreements: The government has signed several trade agreements with
other countries, which have opened new export opportunities for local
polypropylene manufacturers. These trade agreements have facilitated the export
of polypropylene products to various countries, including the Middle East,
Africa, and Europe, which has led to an increase in foreign exchange earnings
for the country.
Environment-friendly Policies: The Egyptian government has implemented policies to
promote sustainable development and reduce greenhouse gas emissions. These
policies have encouraged the use of eco-friendly materials such as
polypropylene, which is recyclable and has a low carbon footprint. This has led
to an increase in the demand for polypropylene products in various industries.
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Strategic Location of Egypt is Pushing the Polypropylene
Market Growth
Egypt's strategic location is a critical driver of the polypropylene
market growth in the country. Its location on the Mediterranean coast and its
proximity to major markets in the Middle East, Europe, and Africa make Egypt an
ideal location for polypropylene manufacturers to produce and export their
products. Egypt's strategic location provides access to essential raw materials
such as propylene, which is the primary raw material used in the production of
polypropylene.
The country has access to propylene through pipelines
from neighboring countries, which reduces transportation costs and time to obtain
raw materials, making production more efficient and cost-effective. The location
of Egypt provides easy access to major markets in the Middle East, Europe, and
Africa. The country has several seaports and airports that enable the efficient
transportation of polypropylene products to these markets. The easy access to
major markets has increased the export opportunities for local manufacturers,
leading to the growth of the Egypt polypropylene market.
Egypt's location makes it a transit hub for polypropylene
products destined for other countries as they handle one of major ship transit canals
in the world. Polypropylene products manufactured in Egypt can be easily
transported to other countries through the country's seaports and airports.
This has increased the country's importance as a transit hub, leading to more
investment in the polypropylene industry. Apart from these, Egypt's strategic
location has enabled it to develop strategic partnerships with other countries
in the region. These partnerships have facilitated trade, investment, and
technology transfer, leading to the growth of the polypropylene industry in the
country. In addition, Egypt's strategic location has enabled it to integrate
into regional economic blocs such as the Common Market for Eastern and Southern
Africa (COMESA) and the Arab League. This regional integration has created new
export opportunities for local polypropylene manufacturers and has facilitated
the growth of the industry.
Recent Development
- In 2021, Oriental Weavers Carpet,
a subsidiary of Oriental Weavers International acquired 1.41% of the Egyptian
Propylene and Polypropylene Company (EPP), the largest and single integrated
Propylene and Polypropylene producer using propane dehydrogenation in Egypt for
USD 7.8 billion. These activities make Oriental Weavers International diversify
its investment portfolio and increase its profitability.
- In 2023, the Government of Egypt
is planning to undergo partial privatization during the coming future. The shares
of 32 state-owned companies such as the Egyptian Propylene & Polypropylene
(EPP) company are offered through strategic investment or via public offerings
on the Egyptian Exchange or by a combination of both routes.
Market Segmentation
Egypt polypropylene market is
segmented based on production
technologies, application, and region. Based
on the production technologies, the
market is divided into unipol, spheripol, montedison, novolene, and innovene. Based
on the application, the market is divided into raffia, impact copolymers,
random copolymer, tubular quenched pp, biaxially oriented polypropylene &
others. Based on Region, the market
is segmented into Cairo,
Alexandria, Giza, Qalyubia, Port Said, Suez, and the rest of Egypt.
Company Profiles
The Oriental Petrochemicals
Company (OPC), The Egyptian Propylene & PolyPropylene Company, Taghleef
Industries SAE, Rotografia Group, Zhenshi Group Huamei New Materials Co Limited,
and Sofipac SA are some of the key players in Egypt polypropylene 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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Production Technologies
Application
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Region 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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The Oriental
Petrochemicals Company (OPC), The Egyptian Propylene & PolyPropylene
Company, Taghleef Industries SAE, Rotografia Group, Zhenshi Group Huamei New
Materials Co Limited, and Sofipac SA.
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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. Explore purchase options
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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 polypropylene market has been segmented
into the following categories, in addition to the industry trends, which have
also been detailed below:
- Egypt Polypropylene
Market, By Production
Technologies:
- Unipol
- Spheripol
- Montedison
- Novolene
- Innovene
- Egypt Polypropylene
Market, By Application:
- Raffia
- Impact copolymers
- Random copolymer
- Tubular Quenched PP
- Biaxially-Oriented Polypropylene
- Others
- Egypt Polypropylene 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
Polypropylene 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 polypropylene 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]