Egyptian Protective Coatings Market

Egyptian Protective Coatings Market by Resin Type (Epoxy, Polyester, Polyurethane, Vinyl Ester, and Others), Technology (Water-borne, Solvent-borne, Powder, and Others), End-users (Oil & Gas, Mining, Power, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: MC-1546
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 3
  • No. Of Pages: 216
  • Format:
  • Pub. Date: Upcoming
  • Share:

The Egyptian protective coatings market size is expected to expand at a CAGR of over 3% during the forecast period, 2021–2028. The growth of the market is attributed to increasing demand from the oil and gas industry.


Egyptian Protective Coatings Market

Protective coatings are thin layers of solid material that are applied to a substrate to function as a barrier to prevent corrosion. After being applied to a surface, each liquid, liquefiable, or mastic mixture is transformed into a solid protective, ornamental, or useful adherent layer. These coatings can be applied using hand tools, sprayed on, welded on, or plated on.

Protective coatings can assist a substrate endure concerns like wear and water exposure in addition to corrosion resistance. They can also enhance the visual appearance of the item. Protective coatings are applied to overhead structures such as flyovers and bridges, especially during refurbishment, to increase their lifetime and delay their replacement. They are used to decrease damage to concrete surfaces as well as to stop or greatly slow the corrosion of steel reinforcing.

According to a NACE research, the total yearly cost of organic and metallic protective coatings in the United States is $108.6 billion. According to the study, 50 percent of all corrosion expenditures may be avoided, with coatings accounting for 85 percent of them.

The Covid-19 pandemic affected the demand and supply of protective coatings market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

According to the International Food Policy Research Institutes, Egypt, the epidemic would reduce Egypt's national GDP by 0.7–0.8 percent. The gradual lifting of the lockdown, on the other hand, is expected to boost the economy and boost the Egypt coatings industry's sagging development.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing demand from the oil and gas industry is anticipated to propel the market during the forecast period.
  • Rapid growth of the building and construction industry is the major factor driving the market.
  • High price of raw materials is estimated to hinder the market growth.
  • Regulations related to VOC emissions act as main challenge that can hinder the market expansion during the forecast period.
  • R&D investment and technological advancements are anticipated to offer lucrative growth opportunities for the market players.

Scope of the Report

The report on the Egyptian protective coatings market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Egyptian Protective Coatings Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Resin Types (Epoxy, Polyester, Polyurethane, Vinyl Ester, and Others), Technology (Water-borne, Solvent-borne, Powder, and Others), and End-user (Oil & Gas, Mining, Power, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Jotun,  Sipes Egypt, Sigma Paints Egypt Ltd (PPG Industries Inc.), and Akzo Nobel N.V.

 

Market Segment Insights

The acrylic resin type is projected to hold a major market share

Based on types, the market is segregated into epoxy, polyester, polyurethane, vinyl ester, and others. The acrylic resins are the most extensively utilised polymers. Acrylic paints are available in a variety of forms, including emulsions (latices), lacquers (lower volume solids), enamels (greater volume solids), and powders (100 percent solids). Acrylic polymers, such as methyl and butyl methacrylate are available in a range of forms and combinations. The thermoplastic and thermoset are the most common types of acrylic. Acrylic resins for thermoplastics are synthetic resins made by polymerizing various acrylic monomers. Thermosets are cured by interacting with other polymers at high temperatures.


Egyptian Protective Coatings Market

The solvent-borne coatings segment is expected to expand at a rapid pace

On the basis of technology, the Egyptian protective coatings market is fragmented into water-borne, solvent-borne, powder, and others. Solvent-based coatings are created using liquefying ingredients that evaporate when exposed to oxygen in a chemical reaction. Moving air around a solvent-based coating speeds up the process, cutting drying time in half.

The solvent-based coatings are less vulnerable to external variables such as temperature and humidity during the curing period, such as temperature and humidity. Humidity can prevent water from evaporating in water-based coatings, making their usage impracticable in many situations. ?

Organic solvents are used in coatings due to features such as making the application, drying, and creation of a regular coating film easier.  When the film evaporates, these solvents release volatile organic compounds (VOCs) into the atmosphere, which have a detrimental effect on the environment.

The expanding uses of solvent-based coatings are expected to drive the market (as coatings for doors, cabinet and furniture, metal doors and railings, industrial equipment, and maintenance of steel structures). Furthermore, the availability of environment friendly alternatives in the form of water-based coatings has impacted the demand for solvent-based coatings.


Egyptian Protective Coatings Market

The infrastructure segment is anticipated to expand at a substantial CAGR

In terms of end-users, the Egyptian protective coatings market is segregated into oil & gas, mining, power, and others. The infrastructural segment is projected to hold major market share during the forecast period. The infrastructure segment includes significant elements such as railroads, bridges, and highways.

Egypt's infrastructure is about to undergo a major transformation. According to the G20's Global Infrastructure Outlook, Egypt would need an extra USD 675 billion in infrastructure investment over the next 20 years to address its fast rising demands.

The market for protective coatings in the area is expected to increase during the forecast period due to all of the aforementioned factors.

Segments

Segments Covered in the Report

The Egyptian protective coatings market has been segmented on the basis of

Resin Type

  • Epoxy
  • Polyester
  • Polyurethane
  • Vinyl Ester
  • Others


Technology

  • Water-borne
  • Solvent-borne
  • Powder
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Jotun
  • Sipes Egypt
  •  Sigma Paints Egypt Ltd (PPG Industries Inc.)
  • Akzo Nobel N.V.

Competitive Landscape

Key players competing in the Egyptian protective coatings market include Jotun, Sipes Egypt, Sigma Paints Egypt Ltd (PPG Industries Inc.), and Akzo Nobel N.V.

Some of these players are using product launch, acquisition, business expansion, collaboration, investment, and agreement, to stay competitive in the protective coatings market to enhance their market shares.

Egyptian Protective Coatings Market

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Protective Coatings Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Protective Coatings Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Protective Coatings Market - Supply Chain
  4.5. Global Protective Coatings Market Forecast
     4.5.1. Protective Coatings Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Protective Coatings Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Protective Coatings Market Absolute $ Opportunity
5. Global Protective Coatings Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Protective Coatings Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Protective Coatings Demand Share Forecast, 2019-2026
6. North America Protective Coatings Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Protective Coatings Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Protective Coatings Demand Share Forecast, 2019-2026
7. Latin America Protective Coatings Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Protective Coatings Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Protective Coatings Demand Share Forecast, 2019-2026
8. Europe Protective Coatings Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Protective Coatings Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Protective Coatings Demand Share Forecast, 2019-2026
9. Asia Pacific Protective Coatings Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Protective Coatings Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Protective Coatings Demand Share Forecast, 2019-2026
10. Middle East & Africa Protective Coatings Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Protective Coatings Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Protective Coatings Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Protective Coatings Market: Market Share Analysis
  11.2. Protective Coatings Distributors and Customers
  11.3. Protective Coatings Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Jotun Sipes Egypt  Sigma Paints Egypt Ltd (PPG Industries Inc.) Akzo Nobel N.V.

Segments Covered in the Report

The Egyptian protective coatings market has been segmented on the basis of

Resin Type

  • Epoxy
  • Polyester
  • Polyurethane
  • Vinyl Ester
  • Others


Technology

  • Water-borne
  • Solvent-borne
  • Powder
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Jotun
  • Sipes Egypt
  •  Sigma Paints Egypt Ltd (PPG Industries Inc.)
  • Akzo Nobel N.V.

Key players competing in the Egyptian protective coatings market include Jotun, Sipes Egypt, Sigma Paints Egypt Ltd (PPG Industries Inc.), and Akzo Nobel N.V.

Some of these players are using product launch, acquisition, business expansion, collaboration, investment, and agreement, to stay competitive in the protective coatings market to enhance their market shares.

Egyptian Protective Coatings Market

Buy Report