Egypt Adhesive and Sealant Market By Resin Type (polyurethane Adhesives, Vinyl Adhesives, Acrylic Adhesives & Sealants, Epoxy Adhesives, Silicone & Modified Silicone Adhesive & Sealants, Polyurethane Sealants, Polysulfide Sealants, Cyanoacrylate, Others), By Technology (Water Based, Solvent Based, Hot Melt, Reactive, Others), By End-Use Industry (Furniture, Building & Construction, Packaging & Pap
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationEgypt Adhesive and Sealant Market By Resin Type (polyurethane Adhesives, Vinyl Adhesives, Acrylic Adhesives & Sealants, Epoxy Adhesives, Silicone & Modified Silicone Adhesive & Sealants, Polyurethane Sealants, Polysulfide Sealants, Cyanoacrylate, Others), By Technology (Water Based, Solvent Based, Hot Melt, Reactive, Others), By End-Use Industry (Furniture, Building & Construction, Packaging & Pap
Egypt Adhesive and Sealant Market is anticipated to grow significantly rate in the projected period of 2028, which is driven by the increasing demand from various end-use industries, such as construction, packaging, automotive, and healthcare.
Adhesives and sealants are materials that are used to bond or seal various substrates, such as metals, plastics, wood, glass, ceramics, etc. They have various applications in different end-user industries, such as building and construction, packaging, transportation, healthcare, electrical and electronics, etc. The innovation and advancement of adhesives and sealants technologies, such as water-borne, solvent-borne, reactive, hot melt, and UV-cured adhesives. These technologies offer various benefits over conventional adhesives and sealants, such as faster curing time, lower VOC emissions, higher bond strength, better resistance to temperature and moisture, etc.
The Egypt adhesive and sealant market is a dynamic and competitive sector that offers opportunities for growth and innovation. The market players are focusing on expanding their product portfolio, enhancing their quality standards, improving their distribution network, and increasing their market share. The market is also expected to witness new entrants and collaborations among the existing players in the forecasted period.
Merger and acquisition activity in the adhesive and sealant market in Egypt has been focused on expanding product offerings, strengthening market position, and enhancing companies' presence in the region. These acquisitions have allowed companies to better serve their customers and meet the growing demand for adhesives and sealants in Egypt,
Rise in Building and Construction Activities Driving Market Growth
The building and construction industry is one of the major end-users of adhesives and sealants in Egypt. The adhesive and sealant market in Egypt is linked to the construction industry since adhesives and sealants are essential materials used in the construction of buildings, roads, and other infrastructure projects. The demand for these products is driven by the increasing urbanization, infrastructure development, and renovation activities in the country. According to the Ministry of Planning and Economic Development, Egypt's construction sector grew by 7.5% in 2020, despite the COVID-19 pandemic, and is expected to grow by 8.9% in 2021. The government has also launched several mega projects, such as the New Administrative Capital, New Alamein City, and Grand Egyptian Museum, which require high-quality adhesives and sealants for various applications.
In addition, the government has launched several initiatives to attract foreign investment in the construction industry, such as the New Urban Communities Authority (NUCA) and the Egyptian General Authority for Investment and Free Zones (GAFI). These initiatives have resulted in increased investments in the construction industry, which has further boosted the demand for adhesives and sealants.
Furthermore, the government has also implemented several regulations to improve the quality of construction and ensure the safety of buildings. For instance, in 2018, the government launched a new building code that requires the use of specific types of adhesives and sealants that meet certain quality standards. This regulation has positively impacted the adhesive and sealant market as it has led to an increased demand for high-quality products that comply with the regulations. Hence, all these factors are expected to drive the demand in the Egypt Adhesive and Sealant market.
Expanding Healthcare industry Propels Demand for Adhesives and Sealants in Egypt
The growth of the healthcare industry in Egypt also has a significant impact on the adhesive and sealant market. Adhesives and sealants are used extensively in the healthcare industry for applications such as medical devices, dental prosthetics, and wound care products.
The Egyptian government has recognized the importance of the healthcare industry and has taken several initiatives to support its growth. For instance, the government has increased investments in the healthcare sector to improve access to healthcare services for the population. Additionally, the government has launched several programs to encourage the development of the medical device industry in Egypt, which has led to an increased demand for adhesives and sealants used in medical devices.
Furthermore, the government has implemented several regulations to improve the quality of healthcare products and ensure patient safety. For instance, in 2016, the government launched a new regulatory framework for medical devices that requires compliance with specific quality standards. This regulation has positively influenced the adhesive and sealant market as it has led to an increased demand for high-quality products that comply with the regulations. Moreover, the COVID-19 pandemic has further increased the demand for healthcare products, including medical devices and wound care products, which has led to an increased demand for adhesives and sealants used in these products.
Technological Advancements to Support Market
Technological advancements have had a significant impact on the adhesive and sealant market in Egypt. Such as
Increased Efficiency
Improved Performance
Environmentally Friendly Products
Digital Technologies
Development of New Applications
Recent Developments
- In 2020, Bostik, a subsidiary of
Arkema, acquired Ideal Work, an Italian company specializing in decorative
flooring and coatings. This acquisition allowed Bostik Egypt to expand its
product offerings in the construction market and enhance its position in
Egypt.
- In 2018, Sika Egypt acquired the Modern Waterproofing Group, a major player in the Egyptian market for waterproofing solutions. This acquisition allowed Sika to expand its product offerings in Egypt and strengthen its position in the region.
Market Segmentation
The Egypt adhesive and sealant market
Company Profiles
Al Reda Sealants Co., Sikka AG Egypt, Henkel AG & Co. KGaA Egypt, BASF Egypt, 3M Egypt, Bostik SA Egypt, Jotun AS Egypt, AkzoNobel NV Egypt, Bostik SA Egypt, and Pidilite Industries Egypt (S.A.E.)
|
Attribute |
Details |
|
Base Year |
2022 |
|
Historic Data |
2018 – 2021 |
|
Estimated Year |
2023 |
|
Forecast Period |
2024 – 2028 |
|
Quantitative Units |
Revenue in USD Million, Volume in tons, and CAGR
for 2018-2022 and 2023-2028 |
|
Report Coverage |
Revenue forecast,
volume forecasting, Company shares, competitive landscape, growth factors,
and trends |
|
Segments Covered |
Resin Type Technology End Use Industry Sales Channel |
|
Country scope |
Cairo,
Alexandria, Giza, Qalyubia, Port Said, Suez, and Rest of Egypt |
|
Key companies profiled |
Al
Reda sealants Co., Sikka AG Egypt, Henkel AG & Co. KGaA Egypt, BASF
Egypt, 3M Egypt, Bostik SA Egypt, Jotun AS Egypt, AkzoNobel NV Egypt, Bostik
SA Egypt, and Pidilite Industries Egypt (S.A.E.) |
|
Customization scope |
10% free report customization with purchase.
Addition or alteration to country, regional & segment scope. |
|
Pricing and purchase
options |
Avail customized
purchase options to meet your exact research needs. |
|
Delivery Format |
PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request) |
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