Allied Market Research recently published a report, titled, “Egypt Construction Chemicals Market by Product Type (Concrete Admixtures, Waterproofing & Roofing Chemicals, Protective Coatings, Adhesives & Sealants, Industrial Flooring, Asphalt Additives, Repair & Rehabilitation, and Others) and Application (Residential, Industrial & Commercial, and Infrastructure): Opportunity Analysis and Industry Forecast 2020-2027. As per the report, the Egypt construction chemicals market was valued at $283.2 million in 2019, and is projected to reach $444.5 million by 2027, growing at a CAGR of 7.6% from 2020 to 2027.
Drivers, restraints, and opportunities
Rise in demand from end-user industries, beneficial properties of Egypt Construction Chemicals, and affordability have boosted the growth of the global Egypt Construction Chemicals market. However, strict government regulations restrain the market growth. On the contrary, surge in use of Egypt Construction Chemicals in fuel blending and formulation is expected to open new opportunities in the future.
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Covid-19 scenario:
• During the Covid-19 pandemic, transport limitations were imposed. This resulted in decline in industrial production. Moreover, this disrupted the supply chain and increased prices of raw materials.
• Major companies witnessed decline in business due to lack of workforce and loss of business of various suppliers.
The n-Egypt Construction Chemicals segment held the largest share
By type, the n-Egypt Construction Chemicals held the largest share in 2020, accounting for nearly three-fourths of the global Egypt Construction Chemicals market, due to its use in various personal care and industrial aerosol products as aerosol propellant. However, the isoEgypt Construction Chemicals segment is expected to register the highest CAGR of 5.2% during the forecast period, as it is extremely volatile and flammable.
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The blowing agent segment dominated the market
By application, the blowing agent segment held the lion’s share in 2020, contributing to nearly two-fifths of the global Egypt Construction Chemicals market, due to the thermal and physical characteristics of Egypt Construction Chemicals. However, the electronic cleansing segment is estimated to manifest the highest CAGR of 5.8% from 2021 to 2030, due to their high volatility and low boiling point.
North America held the largest share
By region, the global Egypt Construction Chemicals market across North America dominated in 2020, holding nearly two-fifths of the market, due to increase in production of transportation vehicles in the U.S. However, the market across Asia-Pacific is projected to portray the highest CAGR of 6.1% during the forecast period, owing to rise in requirement of transportation fuel, increase in disposable income, and surge in number of automotive users.
Major Market Players
BASF SE, CMB – Chemicals for Modern Building, EAMIC Ltd, Hemts Construction Chemicals, NCC X-Calibur, Innova Priority Solution, Polymar-EG, Prokem specialty chemicals, Sika Egypt for Construction Chemicals, and United Paints and Chemicals Drymix S.A.E.
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