Egypt Polypropylene Market By Production Technologies (Unipol, Spheripol, Montedison, Novolene, and Innovene), By Application (Raffia, Impact copolymers, Random copolymer, Tubular Quenched PP, Biaxially-Oriented Polypropylene, Others), By Region, Competition, Forecast and Opportunities, 2028F
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 Polypropylene Market By Production Technologies (Unipol, Spheripol, Montedison, Novolene, and Innovene), By Application (Raffia, Impact copolymers, Random copolymer, Tubular Quenched PP, Biaxially-Oriented Polypropylene, Others), By Region, Competition, Forecast and Opportunities, 2028F
Egypt polypropylene market is anticipated to grow at significant rate in the projected period of 2028, which is driven by the increasing demand for polypropylene in various end-user industries such as packaging, construction, and others.
Polypropylene is a thermoplastic polymer that is widely used in various applications, including packaging, automotive parts, textiles, and construction materials. The demand for polypropylene in Egypt is driven by various factors, including the growth of the country's population, urbanization, and the increasing use of plastic products in various industries. The packaging industry is one of the major consumers of polypropylene in Egypt, followed by the automotive and construction industries.
. In 2020, the government announced plans to invest $2.8 billion in the petrochemical sector to increase the production of different polymers and chemicals such as polypropylene and other chemicals.
Increasing Demand from End User industries is a Factor that Drives the
Polypropylene is a thermoplastic polymer that is widely used in various industries due to its versatility, durability, and cost-effectiveness. The growing demand from end-user industries is one of the key drivers of Egypt's polypropylene market growth. Polypropylene, which is a versatile thermoplastic polymer, is widely used in various industries such as packaging, automotive, construction, and healthcare, and others.
In the packaging industry, polypropylene is used to manufacture various types of packaging materials such as containers, bottles, films, etc. The growth in the packaging industry in Egypt is driven by the increasing demand for consumer goods, expected to boost the demand for polypropylene in the country.
In 2021, the annual motor vehicle sales of Egypt rise to 277805 units which are 26% more than the previous year's annual sales.
In the construction industry, polypropylene is used to manufacture various products such as pipes, fittings, roofing materials, and others. The growth in the construction industry in Egypt is driven by the government's investment in infrastructure projects and the increasing demand for housing is expected to boost the demand for polypropylene in the country.
Supportive Government Initiatives are the Factor Driving the Polypropylene Market Growth.
The Egyptian government has been taking significant initiatives to support the growth of various industries, including the polypropylene industry. Such as-
Infrastructure Development
Investment Incentives
Research and Development
Trade Agreements
Environment-friendly Policies
Download Free Sample Report Strategic Location of Egypt is Pushing the Polypropylene Market Growth
Egypt's strategic location is a critical driver of the polypropylene market growth in the country. Its location on the Mediterranean coast and its proximity to major markets in the Middle East, Europe, and Africa make Egypt an ideal location for polypropylene manufacturers to produce and export their products. Egypt's strategic location provides access to essential raw materials such as propylene, which is the primary raw material used in the production of polypropylene.
The country has access to propylene through pipelines from neighboring countries, which reduces transportation costs and time to obtain raw materials, making production more efficient and cost-effective. The location of Egypt provides easy access to major markets in the Middle East, Europe, and Africa. The country has several seaports and airports that enable the efficient transportation of polypropylene products to these markets. The easy access to major markets has increased the export opportunities for local manufacturers, leading to the growth of the Egypt polypropylene market.
Egypt's location makes it a transit hub for polypropylene products destined for other countries as they handle one of major ship transit canals in the world. Polypropylene products manufactured in Egypt can be easily transported to other countries through the country's seaports and airports. This has increased the country's importance as a transit hub, leading to more investment in the polypropylene industry. Apart from these, Egypt's strategic location has enabled it to develop strategic partnerships with other countries in the region. These partnerships have facilitated trade, investment, and technology transfer, leading to the growth of the polypropylene industry in the country. In addition, Egypt's strategic location has enabled it to integrate into regional economic blocs such as the Common Market for Eastern and Southern Africa (COMESA) and the Arab League. This regional integration has created new export opportunities for local polypropylene manufacturers and has facilitated the growth of the industry.
Recent Development
- In 2021, Oriental Weavers Carpet,
a subsidiary of Oriental Weavers International acquired 1.41% of the Egyptian
Propylene and Polypropylene Company (EPP), the largest and single integrated
Propylene and Polypropylene producer using propane dehydrogenation in Egypt for
USD 7.8 billion. These activities make Oriental Weavers International diversify
its investment portfolio and increase its profitability.
- In 2023, the Government of Egypt
is planning to undergo partial privatization during the coming future. The shares
of 32 state-owned companies such as the Egyptian Propylene & Polypropylene
(EPP) company are offered through strategic investment or via public offerings
on the Egyptian Exchange or by a combination of both routes.
Market Segmentation
Egypt polypropylene market is segmented based on
Company Profiles
The Oriental Petrochemicals Company (OPC), The Egyptian Propylene & PolyPropylene Company, Taghleef Industries SAE, Rotografia Group, Zhenshi Group Huamei New Materials Co Limited, and Sofipac SA are some of the key players in Egypt polypropylene market.
|
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 |
Production Technologies Application |
|
Region scope |
Cairo,
Alexandria, Giza, Qalyubia, Port Said, Suez, and the Rest of Egypt |
|
Key companies profiled |
The Oriental
Petrochemicals Company (OPC), The Egyptian Propylene & PolyPropylene
Company, Taghleef Industries SAE, Rotografia Group, Zhenshi Group Huamei New
Materials Co Limited, and Sofipac SA. |
|
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. Explore purchase options |
|
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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