Egyptian Protective Coatings Market - Segmented By Technology, Coating, and End-User Industry – Growth, Trends, and Forecasts (2017 - 2022)
The Egyptian protective coatings market is expected to value at USD XX million in 2017 and reach USD XX million by 2022, registering a CAGR of XX% during 2017-2022 (the forecast period).Protective coatings protect material surfaces from light, water, abrasives, oil, chemicals, temperature changes, and biological agents, etc. Such coatings are resistant to abrasion, corrosion, fire, and chemicals. Protective coatings are used in architecture, marine, oil & gas, mining, power, and manufacturing industries, but only for protective purposes. Protective coatings used in architecture include anti-corrosion coatings, fire-resistant, and other coatings. Protective coatings in the marine industry include anti-fouling coatings and anti-corrosion coatings. Protective coatings used in oil & gas, mining, power, and manufacturing industries, include anti-corrosion, heat-resistant, and other coatings.The market is driven by many factors, such as the demand from the infrastructural sector, increased usage of eco-friendly coatings, and the need for durable products as substitutes. However, this market faces certain drawbacks, such as increasing cost of raw materials, and stringent environmental regulations & standards. These factors may act as a roadblock to the market growth.In the Egyptian protective coatings market report, based on technology, the market has been segmented into solvent-borne, water-borne, powder, and other protective coatings. The solvent-borne protective coatings segment was the largest market in 2016, with a share of USD XX million, followed by powder coatings. Water-borne coatings segment is expected to remain growing at the fastest pace, due to the low VOC emissions. The corrosion protective coatings were the most widely used coatings in Egypt in 2016, accounting for around USD XX million. Coil coatings and heat resistant coatings were less widely used.In the Egyptian protective coatings market report, based on coating type, the market has been segmented into coil coatings, heat resistant coatings, anti-fouling coatings, corrosion-protective coatings, and others. The coil coatings market is expected to drive the Egyptian protective coatings market, owing to the rapid urbanization and increasing disposable incomes among the middle-class population, which is, further, fueling the consumption in building & construction, oil & gas, and automotive industries, and thus, accelerating the usage of coil coatings in these industries.In the Egyptian protective coatings market report, we have considered the following major end-user sectors, marine, construction, oil & gas, energy, and others. Construction remained the fastest growing segment for protective coatings in 2016 and is expected to drive the market, during 2017-2022 (the forecast period). Egypt’s burgeoning population, currently estimated at 93 million, with a predicted growth rate of XX%, has accelerated a demand for the construction sector. The following sample chart shows the end-user segmentation share of Egyptian protective coatings market for 2017. Opportunities and Major Players:The development of new technologies for protective coatings, along with eco-friendly and cost-effective coatings looks, is expected to boost opportunities for the market. Some major companies dominating the market, owing to their products and continuous product development include: • Pachin SAE • El-MohandesJotun S.A.E. (Jotun Group) • Sipes • GLC Paints • Akzo Nobel Powder Coatings SAE (Akzonobel N.V.) Key Deliverables in the Study: • Market analysis, with country-specific assessments and competition analysis • Market definition, along with the identification of factors instrumental in changing the market scenario and prospective opportunities • Extensively researched competitive landscape section with profiles of major companies, along with their market share • Identification and analysis of the macro and micro factors that affect the Egyptian protective coatings market on country scale • A comprehensive list of key market players, along with the analysis of their current strategic interests and key financial information • Insights on the major countries/regions where this industry is growing and identify the regions that are still untapped.