Egypt Paints and Coatings Market Size (2024 - 2029)

The Egypt Paints and Coatings Market is projected to experience growth over the forecast period, driven by rising investments in the petrochemical and residential sectors. Opportunities are anticipated from numerous power plant projects in the pipeline. The architectural segment is expected to lead the market due to increased construction activities in the region.

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Market Size of Egypt Paints and Coatings Industry

Egypt Paints and Coatings Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 0.98 Billion
Market Size (2029) USD 1.24 Billion
CAGR (2024 - 2029) 4.84 %
Market Concentration High

Major Players

Egypt Paints and Coatings Market Major Players

*Disclaimer: Major Players sorted in no particular order

Egypt Paints and Coatings Market Analysis

The Egypt Paints and Coatings Market size is estimated at USD 0.98 billion in 2024, and is expected to reach USD 1.24 billion by 2029, growing at a CAGR of 4.84% during the forecast period (2024-2029).

  • The primary factor driving the market is increasing investments in the petrochemical and residential sectors.
  • Numerous power plant projects in the pipeline are likely to act as an opportunity for the market studied.
  • By end user, the architectural segment is expected to dominate the market due to an increase in construction activities in the region.

Egypt Paints and Coatings Industry Segmentation

The Egyptian paints and coatings market is segmented by resin type, technology, and end user. By resin type, the market is segmented into acrylic, alkyd, polyurethane, epoxy, polyester, and other resin types), technology (waterborne, solvent-borne, and other technologies. By end user, the market is segmented by architectural, automotive, wood, protective, general industrial, and other end users. The report offers market size and forecasts for Egypt's paints and coatings market in revenue (USD million) for all these segments.

Resin Type
Acrylic
Alkyd
Polyurethane
Epoxy
Polyester
Other Resin Types
Technology
Waterborne
Solvent-borne
Other Technologies
End User
Architectural
Automotive
Wood
Protective Coating
General Industrial
Other End Users
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Egypt Paints and Coatings Market Size Summary

The Egyptian paints and coatings market is poised for significant growth, driven by increased investments in the petrochemical and residential sectors. The architectural segment is expected to lead the market due to a surge in construction activities across the region. The demand for acrylic resins, which are widely used in the industry for their performance advantages such as gloss, durability, and resistance to various environmental factors, is particularly high. These resins are essential in applications requiring high-end finishing, especially in the construction industry. The preference for water-based acrylic coatings is rising, driven by environmental concerns over VOC emissions.

The market landscape is characterized by a consolidated structure, with a few key players dominating the scene. Companies like Scib Paints, MIDO Coatings, PACHIN, Akzonobel NV, GLC Paints, and Sipes Egypt hold significant market shares. The construction boom in Egypt, supported by numerous development projects and urbanization efforts, is a major factor fueling the demand for architectural coatings. Initiatives such as the Green Cities Program and the Noor City Project are contributing to the recovery and expansion of the market. The introduction of innovative products, like Hempel's Hempablade Edge 171 and Hemaprime CUI 275, further underscores the industry's focus on advanced solutions for protection and durability in various applications.

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Egypt Paints and Coatings Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Petrochemical (Oil and Gas) Projects in the Country

      2. 1.1.2 Growing Demand from Residential Sector

    2. 1.2 Restraints

      1. 1.2.1 Slowdown in Automotive Industry

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Resin Type

      1. 2.1.1 Acrylic

      2. 2.1.2 Alkyd

      3. 2.1.3 Polyurethane

      4. 2.1.4 Epoxy

      5. 2.1.5 Polyester

      6. 2.1.6 Other Resin Types

    2. 2.2 Technology

      1. 2.2.1 Waterborne

      2. 2.2.2 Solvent-borne

      3. 2.2.3 Other Technologies

    3. 2.3 End User

      1. 2.3.1 Architectural

      2. 2.3.2 Automotive

      3. 2.3.3 Wood

      4. 2.3.4 Protective Coating

      5. 2.3.5 General Industrial

      6. 2.3.6 Other End Users

Egypt Paints and Coatings Market Size FAQs

The Egypt Paints and Coatings Market size is expected to reach USD 0.98 billion in 2024 and grow at a CAGR of 4.84% to reach USD 1.24 billion by 2029.

In 2024, the Egypt Paints and Coatings Market size is expected to reach USD 0.98 billion.

Egypt Paints and Coatings Market Report Snapshots

Egypt Paints and Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)