Egypt Bulk Chemicals Market Segmented By Type (Organic v/s Inorganic), By End User Industry (Healthcare, Food & Beverage, Automotive, Construction, Agriculture, and Others), By Region, Competition, Forecast and Opportunities, 2028
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 Bulk Chemicals Market Segmented By Type (Organic v/s Inorganic), By End User Industry (Healthcare, Food & Beverage, Automotive, Construction, Agriculture, and Others), By Region, Competition, Forecast and Opportunities, 2028
Egypt Bulk Chemicals market is expected to increase at a notable rate during the forecast period, 2024-28. Growing demand from various industries such as healthcare, food & beverage, automotive, construction, agriculture, and almost every sector where the chemical is required at a mass level are driving the demand for bulk chemicals in the region. As the commodities market has diverse and humongous application, the market is led by prominent players with expanded portfolios having refined and modern management approach.
The Egypt bulk chemicals market refers to the production and distribution of large quantities of chemicals used in various industries, such as pharmaceuticals, agriculture, construction, and manufacturing. Moreover, Egypt is a prominent producer of chemicals in the Middle East and Africa region. The country has a well-established chemical industry, with a significant number of local and multinational companies operating in the market. Some of the major players in the Egypt bulk chemicals market include Sidi Kerir Petrochemicals Company (SIDPEC), Egyptian Petrochemicals Company (EPC), and Abu Qir Fertilizers and Chemicals Industries Company (AFC).
The market for bulk chemicals in Egypt is driven by several factors, including the country's large population, growing industrialization, and increasing demand from end-user industries. The government's efforts to promote foreign investment and boost local production are also expected to drive the growth of the bulk chemicals market in Egypt. The key products in the Egypt bulk chemicals market include ammonia, methanol, urea, sulfuric acid, and other fertilizers and chemical products. These products are used in various industries, such as agriculture, textile, construction, and healthcare.
Rising Demand for Construction Activities in the Region is Driving the Market Growth
The demand for bulk chemicals in the construction industry is significant, as these chemicals play a vital role in enhancing the durability, strength, and safety of structures. Bulk chemicals such as cement additives, coatings, and concrete admixtures are widely used in the construction industry to improve the quality of construction materials and ensure their longevity.
In 2019, the government launched the "New Urban Communities Authority" program, which aims to develop new urban communities across Egypt.
To support the growth of the construction industry and the demand for bulk chemicals, the Egyptian government has been implementing several initiatives. For example, the government reduced customs duties on construction materials, including bulk chemicals, to encourage investment in the sector. Additionally, the government launched the "Egypt Vision 2030" program, which aims to improve the country's infrastructure and support economic growth. Therefore, all these efforts & rising demand for construction of infrastructure projects are expected to propel the Egypt bulk chemical market growth.
Expanding Agricultural Activities & Sector are expected to Propel the Market Growth
The use of bulk chemicals for manufacturing agrochemical such as fertilizers, pesticides, and herbicides are essential in the agricultural sector to improve crop yields and quality. The expansion of the agricultural sector in Egypt has led to an increase in the demand for these chemicals, making it an attractive destination for local and foreign investors in the bulk chemical market.
The Egyptian government has been implementing several initiatives to support the expansion of the agricultural sector and the demand for bulk chemicals. For example, the government has been investing in irrigation projects to improve water supply to farmland, which has led to an increase in agricultural productivity. The government has also been supporting the adoption of modern farming techniques, such as precision agriculture and vertical farming, which require the use of bulk chemicals.
To encourage investment in the agricultural sector and the bulk chemical market, the government reduced custom duties on agricultural inputs, including bulk chemicals. Additionally, in "Egypt Vision 2030" program, government has provided significant importance to agriculture sector, which aims to support the development of the agricultural sector and improve food security in the country.
Hence, the expansion of the agricultural sector in Egypt is driving the demand for bulk chemicals used in agriculture, such as fertilizers, pesticides, and herbicides. The government's efforts to support the sector are expected to create more opportunities for the Egypt bulk chemical market, making it an attractive destination for local and foreign investors.
Growing Manufacturing Activities are Key factors That Drive the Market Growth
The manufacturing industry in Egypt has been growing rapidly in current years, driven by several factors such as the country's strategic location, availability of skilled labor, and the government's focus on supporting the sector. According to the Central Agency for Public Mobilization and Statistics (CAPMAS), the manufacturing sector's contribution to the country's GDP increased from 16.8% in 2020.
Bulk chemicals such as adhesives, coatings, and solvents are essential for the manufacturing industry, as they are used in the production of various products such as automobiles, electronics, and textiles. The growing manufacturing activities in Egypt have led to an increase in the demand for these chemicals, making it an attractive destination for local and foreign investors in the bulk chemical market.
The Egyptian government has been implementing several initiatives to support the growth of the manufacturing industry and the demand for bulk chemicals. For example, the government launched the "Industrial Modernization Program," which aims to modernize the country's manufacturing sector and improve its competitiveness. The government has also been investing in infrastructure projects, such as the development of industrial parks and special economic zones, to attract more investment in the sector.
To encourage investment in the manufacturing industry and the bulk chemical market, the government reduced customs duties on industrial inputs, including bulk chemicals. Additionally, the government is providing significant support to the "Egypt Vision 2030" program, which aims to support the development of the manufacturing sector and increase the country's exports. Therefore, the growing manufacturing activities has significant impact on the bulk chemical market and is expected to rise during the forecast period.
Recent Development
- In
2019, the Egyptian Petrochemicals Company (EPC), which produces a wide
range of basic chemicals, including methanol, formaldehyde, and urea. The
company has been investing heavily in its production facilities, with a
recent project to increase its methanol production capacity by 40%. The
expansion is expected to meet the growing demand for methanol in Egypt and
the wider Middle East region.
- In
2020, the representative of Ministry of Petroleum, Mining, and Mineral
Resources in Egypt stated that they are going to establish two production
plant that produce polyacetal, and another plant that produce melamine in
Damietta, After the completion of the projects the plant will annually
produce 50,000 tons of chemicals and later expand the annual capacity to
60,000 tons.
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Market Segmentation
Market Players
|
Attribute |
Details |
|
Base
Year |
2022 |
|
Historic
Data |
2018 – 2022 |
|
Estimated
Year |
2023 |
|
Forecast
Period |
2023 – 2028 |
|
Quantitative
Units |
Revenue
in USD Million, Volume in metric ton, and CAGR for 2018-2022 and 2024-2028 |
|
Report
coverage |
Revenue forecast,
volume forecast, company share, competitive landscape, growth factors, and
trends |
|
Segments
covered |
By Type By End User Industries |
|
Regional
scope |
Cairo,
Alexandria, Giza, Qalyubia, Port Said, Suez, and Rest of Egypt |
|
Key
companies profiled |
BASF
SE Middle East, Chemical Industries Holding Company, Abu Qir Fertilizers and
Chemicals Industries Company (ABUK), Egyptian Petrochemicals Company (EPC),
Delta Fertilizers and Chemicals Company (DFC), Alexandria Mineral Oils Company
(AMOC), National Company for Chemical Industries (NCCI), Arab Fertilizers and
Chemicals Industries Ltd, AkzoNobel NV, and Solvay SA. |
|
Customization
scope |
10% free
report customization with purchase. Addition or alteration to country,
regional & segment scope. |
|
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and purchase options |
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customized purchase options to meet your exact research needs. |
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Format |
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format on special request) |
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