MarkNtel Advisors recently published a report, titled, ” Egypt Paint Additives Market By Formulation (Water, Solvent, Powder Based, Others), By End-User (Automobiles & Transportation, Industrial, Furniture & Woods, Building & Construction), By Product (Rheology Modifiers, Biocides, Anti-Foamers, Wetting & dispersing agents, Others),. As per as the report The Egypt Paint Additives Market is projected to grow at a CAGR of around 4.98% during the forecast period, i.e., 2022-27.
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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.
Leading Companies in Egypt Paint Additives Market:
AkzoNobel N.V., Arkema SA, Ashland Inc., BASF SE, BYK-Chemie GMBH, Cabot Corp., Daikin Industries Ltd., Evonik Industries, SIPES EGYPT, PPG Industries, Inc.
Egypt Paint Additives Market Segmentation:
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
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By Region
-East
-West
-South
-Central.
Key questions answered in the Egypt Paint Additives Market are:
•What is Egypt Paint Additives Market?
•What was the market size in 2023?
•What is the growth rate of the Egypt Paint Additives Market?
•Which are the factors expected to drive the market growth?
•What are the different segments of the Egypt Paint Additives Market?
•What segments are covered in the Market?
•Who are the key players in the Egypt Paint Additives Market?
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