Exploring Egypt Paint Additives Market Opportunity, Latest Trends, Demand, and Development By 2027- MarkNtel Advisors
According to Markntel Advisors Report, Egypt Paint Additives Market is expected to grow at a significant growth rate, and the analysis period is 2022-2027, considering the base year as 2021.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Additives
are low-level ingredients that are added to paints to enhance specific
properties like mildew resistance, good flow & leveling, and deforming,
among others. With developments in additives, paint can also offer benefits
like anti-fungal or algae resistance, greater durability, and rapid drying on
surfaces when additives are added.
Global Egypt Paint
Additives Market Research Report & Summary:
The Egypt Paint Additives Market is
projected to grow at a CAGR of around 4.98% during the forecast period, i.e.,
2022-27.
Time
Period Captured in the Report:
·
Historical
Years: 2017-20
·
Base
Years: 2021
·
Forecast
Years: 2022-27
Who are the Key Players Operating in
the Egypt Paint Additives Market?
The top
companies of the Egypt Paint Additives Market ruling the industry are:
AkzoNobel
N.V., Arkema SA, Ashland Inc., BASF SE, BYK-Chemie GMBH, Cabot Corp., Daikin
Industries Ltd., Evonik Industries, SIPES EGYPT, PPG Industries, Inc
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What is Included in Egypt Paint
Additives Market Segmentation?
The Egypt Paint Additives Market explores the
industry by emphasizing the growth parameters and categorizes including
geographical segmentation, to offer a comprehensive understanding of the market
dynamic. The further bifurcations are as
follows:
- By Formulation
- Water
- Solvent
- Powder Based
- Others
- By End Users
- Automobiles & Transportation
- Industrial
- Furniture & Wood
- Building & Construction
- Others
- By Product
- Rheology modifiers
- Biocides
- Anti-Foamers
- Wetting & Dispersion Agents
- Others
- By Region
- East
- West
- South
- Central
Explore the Complete Egypt Paint
Additives Market Analysis Report – https://www.marknteladvisors.com/research-library/egypt-paint-additives-market.html
Market Dynamics
·
Key
Driver: Increasing Demand for High-Performing Coatings
Paint additives
can effectively enhance the properties of paints with features like abrasion
resistance, excellent chemical resistance, corrosion protection, and extreme
strength & durability while also contributing to aesthetics. With the
growing requirements for superior coatings, the demand for high-performance
additives is also increasing among end-users.
Moreover, with
the favorable properties of paint additives, they are used extensively in tank
exteriors, industrial piping, etc., and also across high-end industries like
the aerospace & marine sector for coatings on weapons & equipment to
improve their life. Hence, the mounting demand for high-quality coatings is
anticipated to boost the overall growth of the Egypt Paint Additives Market in
the coming years.
·
Possible
Restraint: Rising Health & Environmental Concerns with Excessive Usage of
Paint Additives
Paint additives
tend to release Volatile Organic Compounds (VOCs) during their application
& drying process. These VOCs, when released into the atmosphere, contribute
to ozone formation. They react with oxygen in the presence of sunlight &
nitrogen oxides to form ozone, which is a highly toxic pollutant known as smog
(ground-level ozone). It can cause serious health issues like allergies,
headaches, asthmatic reactions, and skin & eyes irritation.
Ozone can also
increase stress on organs like the heart & lung tissues. So, the mounting
health awareness and stringent norms on VOC emissions have forced paint
additive manufacturers to reduce the content of VOCs in paints. Hence, this
fact might decrease the use of solvent-based products, which, in turn, will
hamper the market growth in the coming years.
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