Egypt
specialty chemicals market size is anticipated to increase at an impressive
rate during the forecast period. Specialty chemicals are chemical products that
are used in a variety of sectors, including paints and coatings, textiles,
mining, plastic additives, and others. Antibiotics, adhesives, and pesticides
are examples of specialty chemicals since they are produced in small quantities
to meet specific demands. For example, antibiotics are developed to address the
problems associated with a particular disease.
The
specialty chemicals market in Egypt is a growing industry that includes various
sectors such as construction, automotive, food, and healthcare. The demand for
specialty chemicals in Egypt is driven by the growing industrialization,
urbanization, and increasing population.
The
major players in the Egyptian specialty chemicals market include companies such
as Echem, Petrochemicals Holding Company (PHC), and Arab Fertilizers and
Chemicals Industries (AFCI). These companies manufacture a wide range of
products such as fertilizers, polymers, resins, adhesives, coatings, and
specialty chemicals used in various industries. The key factor driving the
growth of the specialty chemicals market in Egypt is the government's efforts
to attract foreign investments and improve infrastructure. The government has
taken several steps to encourage foreign investment in the chemical industry,
including offering tax incentives and establishing free trade zones.
Additionally,
the construction sector in Egypt is growing rapidly, which is boosting the
demand for specialty chemicals such as construction chemicals, adhesives, and
sealants. The automotive industry is also a significant consumer of specialty
chemicals in Egypt, with the demand for automotive coatings, lubricants, and
additives on the rise.
Growing
Industrialization and Urbanization in Egypt are Factors Propelling the
Specialty Chemicals Market Growth
Egypt
is a rapidly developing country that is experiencing significant growth in its
industrial and urban sectors. This growth has had a significant impact on the
specialty chemicals market in the country, which has been expanding to meet the
demands of various industries. Industrialization and urbanization are two
interrelated phenomena that are driving the growth of Egypt's economy. With
the growing population of country over 100 million, the country is undergoing a
significant rise in demand for goods and services, which is driven by growing
demand from various industries. The construction sector, for example, is
booming, as new homes, offices, and infrastructure are built to support the
growing population.
This
growth has led to an increased demand for specialty chemicals, which are used
in a wide range of industries. Specialty chemicals are advanced materials that
are designed to meet the specific needs of a particular application. They are
used in a wide range of products, from construction materials to consumer
goods, and play an essential role in driving economic growth. The government of
Egypt recognizes the importance of the specialty chemicals market and has taken
several initiatives to support its growth.
This
project has several components, including the establishment of a new industrial
city dedicated to the chemical industry, the development of a new chemical
complex, and the construction of new ports to facilitate the export of
chemicals. These initiatives are expected to create new jobs, attract foreign
investment, and promote the growth of the specialty chemicals market in Egypt.
In
addition to these initiatives, the government of Egypt has also introduced
several policies to promote industrialization and urbanization. For example,
the government has established several free trade zones, which offer tax
incentives and other benefits to companies that invest in the country. These
zones are designed to attract foreign investment and promote the growth of key
industries, including the specialty chemicals industry.
Furthermore,
the government has launched several programs to improve infrastructure, such as
the "National Roads Project," which aims to build new highways and
improve existing ones. This program is designed to improve connectivity between
cities, reduce transportation costs, and facilitate the movement of goods and
services, including specialty chemicals. Therefore, these factors are expected
to increase the market size of the Egypt specialty chemical market.
Increasing
Demand for End User Industries is Driving the Egypt Specialty Chemical Market
The
construction industry in Egypt is booming, driven by a growing population and a
need for improved infrastructure. This growth has led to an increased demand
for specialty chemicals such as construction chemicals, adhesives, and
sealants.
To
support this growth, the government of Egypt has launched several initiatives
to promote the construction industry, such as the "New Urban
Communities Authority," which aims to develop new cities and urban areas
across the country. These initiatives are expected to create new
opportunities for investment in the specialty chemicals industry and promote
its growth.
The
automotive industry is another key consumer of specialty chemicals in Egypt.
The demand for automobiles in the country is expected to increase significantly
in the forecasted years as the disposable incomes of middle class increases.
This growth is expected to drive the demand for automotive coatings,
lubricants, and additives, which are key specialty chemicals used in the
industry.
To
support this growth, the government of Egypt has launched several initiatives
to promote the automotive industry, such as the "Automotive Industries
Development Program (AIDP)," which aims to support the development of the
automotive supply chain in the country. These initiatives are expected to
create new opportunities for investment in the specialty chemicals industry and
promote its growth.
The
healthcare industry is another key consumer of specialty chemicals in Egypt,
particularly in the production of pharmaceuticals and medical devices., driven
by factors such as population growth, aging, and the increasing prevalence of
chronic diseases. To support this growth, the government of Egypt has launched
several initiatives to promote the healthcare industry, such as the "Egypt
Vision 2030," which aims to develop a comprehensive healthcare system in
the country. These initiatives are expected to create new opportunities for
investment in the specialty chemicals industry and promote its growth.
Therefore, the increasing demand from key industries such as construction,
automotive, and healthcare is driving the growth of the specialty chemicals
market in Egypt. The government of Egypt recognizes the importance of this
growth and has implemented several initiatives to support the industry. These
initiatives are expected to create new opportunities for investment and promote
the growth of the specialty chemicals market in Egypt.
Technological
Advancement are Key Factor that Driving the Egypt Specialty Chemical Market
Growth
Technological
advancement has had a significant impact on the specialty chemicals market in
Egypt. It has led to the development of new products and processes, improved
efficiency, and increased competitiveness. The government of Egypt has
recognized the importance of technological advancement and has implemented several
initiatives to support the industry.
Growing
research and development activities are major type of technological advancement
in the specialty chemicals industry. R&D is essential for developing new
products and processes that meet the needs of customers and improve the
efficiency of manufacturing processes. With the help of advanced technology,
companies can accelerate R&D processes, reduce costs, and improve product
quality.
To
support R&D in the specialty chemicals industry, the government of Egypt has
launched several initiatives, such as the "Egyptian Knowledge
Bank" and "Egypt Innovate," which aim to promote innovation and
support the development of new products and processes. These initiatives
are expected to promote the growth of the specialty chemicals industry by
encouraging investment in R&D and fostering a culture of innovation.
Another
area of technological advancement in the specialty chemicals industry is the
use of automation and digitalization. Automation can help to improve efficiency
by reducing human error and increasing production speed. Digitalization can
help to optimize processes by providing real-time data and insights that can be
used to make informed decisions.
To
support the adoption of automation and digitalization in the specialty
chemicals industry, the government of Egypt has launched several initiatives,
such as the "Egypt Digital Strategy," which aims to promote the
use of digital technologies in various industries, including the specialty
chemicals industry. These initiatives are expected to improve the
efficiency of manufacturing processes and reduce costs, leading to increased
competitiveness for Egyptian specialty chemicals companies.
The
use of sustainable technologies is another area of technological advancement in
the specialty chemicals industry. Sustainable technologies can help to reduce
the environmental impact of manufacturing processes, improve product quality,
and meet the growing demand for sustainable products.
To
support the adoption of sustainable technologies in the specialty chemicals
industry, the government of Egypt has launched several initiatives, such as the
"Egypt's Vision 2030," which aims to promote sustainable development
across various industries, including the specialty chemicals industry. These initiatives
are expected to promote the development of sustainable products and processes,
leading to increased competitiveness for Egyptian specialty chemicals
companies. Hence, all these factors are expected to propel the market share of
the Egypt specialty chemicals market.
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Market
Segmentation
Egypt
specialty chemicals market is segmented based on application and region. Based
on the application, the market is fabricated into construction chemicals, dyes
& pigments, agrochemicals, surfactants, and others. Based on region, the
market is divided into Cairo, Alexandria, Giza, Qalyubia, Port Said, Suez, and
Rest of Egypt.
Company
Profiles
Saudi
Basic Industries Corporation( SABIC), Ferchem Masr Fertilizers and Chemicals,
Advanced Chemical Industries, BASF SE, Cambria Africa PLC, SIKA AG EGYPT,
Prokem SC, Bodo Möller Chemie GmbH, Azelis AS, and SGD Group SAS are some of
the key players in the Egypt Specialty Chemicals Market.
|
Attribute
|
Details
|
|
Base Year
|
2022
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|
Historic Data
|
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 Metric Tonnes, and
CAGR for 2018-2022 and 2023-2028
|
|
Report coverage
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Revenue forecast,
volume forecast, company share, competitive landscape, growth factors, and
trends
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Segments covered
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Application
Region
|
|
Regional scope
|
Cairo,
Alexandria, Giza, Qalyubia, Port Said, Suez, and Rest of Egypt
|
|
Key companies profiled
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Saudi Basic
Industries Corporation( SABIC), Ferchem Masr Fertilizers and Chemicals,
Advanced Chemical Industries, BASF SE, Cambria Africa PLC, SIKA AG EGYPT,
Prokem SC, Bodo Möller Chemie GmbH, Azelis AS, and SGD Group SAS
|
|
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. Explore
purchase options
|
|
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 Specialty Chemicals market has been segmented into the
following categories, in addition to the industry trends, which have also been
detailed below:
- Egypt
Specialty Chemicals Market, By Application:
- Construction
Chemicals
- Dyes
& Pigments
- Agrochemicals
- Surfactants
- Others
- Egypt
Specialty Chemicals 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 specialty 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
Specialty Chemicals Market is an upcoming report to be released soon. If you
wish early delivery of this report or want to confirm the date of release,
please contact us at [email protected]