• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Business Corner
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    World Reports
    eBook
    Top Features
    Purdue’s Xiulin Ruan Develops World’s Whitest and Coolest Paint

    Aerospace Coatings

    Biocides Directory

    Lab & Testing Equipment Directory

    Europe’s Top Paintmakers Pull Themselves Up Further
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Raw Materials & Equipment
    Video Bites
    Suppliers News
    Live From Shows
    Top News
    PPG’s New Paint for a New Start Initiative to Beautify Schools Worldwide with Colorful Makeovers

    Powder Technology, Inc. Announces New Electrical Coating

    Michelman Chosen as Inaugural Recipient of Innovation Research Interchange (IRI) Excellence Award

    Dunn-Edwards Announces 2024 Color + Design Trends to Watch

    Aramsco Acquires Pantheon Surface
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Technical Papers
    Product Spec Sheets
    World Reports
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    PPG’s New Paint for a New Start Initiative to Beautify Schools Worldwide with Colorful Makeovers

    Powder Technology, Inc. Announces New Electrical Coating

    Dunn-Edwards Announces 2024 Color + Design Trends to Watch

    PPG Launches Low-temperature Cure Electrocoats for Automotive Manufacturers

    Kapci Coatings Takes to the Ferrari Challenge Tracks
    Additives
    Binders
    Pigments
    Solvents

    Michelman Chosen as Inaugural Recipient of Innovation Research Interchange (IRI) Excellence Award

    American Chemistry Council Recognizes Covestro for Sustainability Leadership

    Evonik Introduces TEGO Rad 2550 Slip and Defoamer Additive

    Omya Extends Lightweight Fillers Portfolio with the Acquisition of Bublon

    OQ Chemicals Launches Biobased Oxbalance TCD Alcohol DM
    Company Capabilities
    Buyers Guide
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Siltech Corporation

    Active Minerals

    Clariant Additives

    Shepherd Color Company, The

    W. R. Grace & Co.
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    Middle East Coatings Show

    2023 CoatingsTech Conference

    Greenbuild International Conference + Expo

    The Gulf Coatings Show

    Western Coatings Symposium 2023
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Siltech Corporation

    Active Minerals

    Clariant Additives

    Shepherd Color Company, The

    W. R. Grace & Co.
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Business Corner
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • World Reports
      • Africa Report
      • China Report
      • India/Asia Pacific Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Glossary
    • Slideshows
    • Experts Opinions
    • Blog
    • eBook
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Market Research

    Future Of Egypt Paints & Coating Industry And Post Covid-19 Pandemic Impact

    ...

    Future Of Egypt Paints & Coating Industry And Post Covid-19 Pandemic Impact
    Allied Market Research03.18.21
    Egyptians have a long history of offering the world something as innovative as Egyptian Blue. Thanks to the boom in R&D and novel technologies, the Egypt paints & coatings industry is on the verge of revolution.



     


    The rise in adoption of novel technologies and increased R&D to improve the performance and durability of paints & coatings are the key drivers for the growth of the market in the Middle East. According to Allied Market Research, the Egypt paints & coatings industry is expected to reach $3.6 billion by 2027, growing at a 7.9% CAGR from 2020 to 2027. The sharp rise in construction activities and a surge in demand for heat and UV-resistant coating products open lucrative opportunities for the market players in the region. However, the Covid-19 outbreak surely made things difficult for market growth.

    Covid-19 impact on Egypt paints & coatings market
    For more than one year, the world has been dealing with unprecedented circumstances. No government had a roadmap to deal with the outbreak of coronavirus and as a result majority of the countries had to take extreme steps to curb the spread of the virus. Furthermore, several governments declared a complete lockdown, which potentially hampered the growth of the paints & coating industry.

    The prolonged lockdown and the sudden decline in the growth rate of industries including construction, transportation, automotive, and oil & gas, and energy was witnessed across the Middle East. What’s more, ongoing construction projects came to standstill or were canceled altogether. This severely hampered the demand for paints & coatings as these industries play an instrumental part in interior & exterior coating applications.

    Apart from this, the international ban on travel resulted in a significant reduction in trade activities and tourism, which are prime aspects of the country’s GDP. The Covid-19 pandemic is responsible for decreasing Egypt’s national GDP by 0.7–0.8% for every month in 2020, as per the International Food Policy Research Institutes, Egypt. However, the gradual end of the lockdown is estimated to revive the economy and fuel the declining growth of the Egypt paints & coatings industry.

    Novel developments in the paints & coating industry
    While the market players have experienced ups and downs during the pandemic, some companies considered the pandemic as an opportunity to launch new products. For instance, PPG Industries, Inc., recently partnered with Corning Inc. to develop a paint product that kills coronavirus. Corning’s novel glass-ceramic technology is said to kill more than 99.9% of the virus, including Covid-19. The technology underwent EPA-approved tests to demonstrate its antimicrobial properties.
    Apart from this, the company unveiled several products such as PPG SANISHIELDTM and PPG AQUACOVER. The PPG SANISHIELDTM 3000/5000 two-part polyurea coating systems were recently launched for those areas where easy maintenance and quick installation is vital. The coating systems enable to fill minor cracks and improve surface durability and integrity along with gloss retention for the brighter surface.

    PPG AQUACOVER is a waterborne coating system that delivers excellent build quality and anti-corrosion property for shipping containers. As per the company, the waterborne coating system can offer a smooth finish and high gloss. In addition, the coating is odorless and toxic, which enables around 65% reduction in emission of volatile organic compounds (VOCs). 

    Future of paints & coatings industry
    The success of paints & coatings lies with the adoption of the latest technology to meet customer demands. The shift in consumer demand for eco-friendlier products and the surge in popularity of sustainable products is expected to create a major impression on the innovations in paints & coatings. Currently, the demand for smart coating is on the rise, and anti-corrosion and anti-bacterial coatings are regarded as the next-big-thing in the coatings market.

    Similarly, the demand for interior decoration has increased across the Middle East due to a rise in disposable income and an increase in the standard of living. This has increased the demand for low-odor interior paints. Thus, companies must consider the odor and aesthetic aspects of the decorative paints along with their performance to meet customer requirements. 

    On the other hand, customers demand smart functionality, high performance, enhanced productivity, and the long life of paints & coatings. In addition, the market players have invested big bucks in reducing maintenance costs. On the other hand, environmental concerns have drastically changed the use of raw materials in paints and coatings. More and more companies have launched waterborne decorative and automotive coatings.

    The major market players in the industry have focused on reducing carbon footprint without compromising the quality of the product. Thus, the launch of waterborne, powder-based, and even plant-based coatings have increased. These paints and coatings are lower in carbon footprint compared to their traditional alternatives. Thus, in the future, the switch to green technology is inevitable.

     For more information click here. 
    Related Searches
    • Architectural Coatings
    Related Knowledge Center
    • Architectural Coatings
    Suggested For You
    Axalta Updates Financial Guidance Axalta Updates Financial Guidance
    Nippon Paint Marine Registers Spike in Turkish Drydockings Amid Asia Capacity Concerns Nippon Paint Marine Registers Spike in Turkish Drydockings Amid Asia Capacity Concerns
    Paint Specialist Flügger Maintains Momentum in Q1 2021-22 Paint Specialist Flügger Maintains Momentum in Q1 2021-22
    RPM to Hold Virtual-Only Annual Meeting of Shareholders RPM to Hold Virtual-Only Annual Meeting of Shareholders
    PPG Launches Virtual PPG Aerospace Academy Education Program PPG Launches Virtual PPG Aerospace Academy Education Program
    Lanco Paints & Coatings Expands in the Americas Lanco Paints & Coatings Expands in the Americas
    Indorama Ventures to Buy Brazil-based Oxiteno Indorama Ventures to Buy Brazil-based Oxiteno
    Sherwin-Williams Issues 2020 Sustainability Report Sherwin-Williams Issues 2020 Sustainability Report
    Global Advanced Bactericidal & Viricidal Coatings and Surfaces Markets 2021-2030 Global Advanced Bactericidal & Viricidal Coatings and Surfaces Markets 2021-2030
    Michelman’s Workplace Culture Honored Worldwide Michelman’s Workplace Culture Honored Worldwide
    Q-Lab Announces UVC Testing Capabilities at Accelerated Contract Test Services Facilities Q-Lab Announces UVC Testing Capabilities at Accelerated Contract Test Services Facilities
    European Anti-corrosion Coatings Market to Grow to $4.5 Billion by 2027: Graphical Research European Anti-corrosion Coatings Market to Grow to $4.5 Billion by 2027: Graphical Research
    PPG Recognized for Environmental, Social and Governance (ESG) Practices PPG Recognized for Environmental, Social and Governance (ESG) Practices
    Valspar’s Dial-A-Dad Program Rang True with Consumers Valspar’s Dial-A-Dad Program Rang True with Consumers
    Chemours Reports Strong Progress on Sustainability Efforts Chemours Reports Strong Progress on Sustainability Efforts

    Related Breaking News

    • Breaking News | Financial News | Market Trends & Forecast
      Axalta Updates Financial Guidance

      Axalta Updates Financial Guidance

      Axalta updates financial guidance to reflect ongoing impacts of customer supply chain shortages and raw material and logistics constraints.
      09.22.21

    • Breaking News | Marine Coatings | Paint & Coatings Manufacturer News
      Nippon Paint Marine Registers Spike in Turkish Drydockings Amid Asia Capacity Concerns

      Nippon Paint Marine Registers Spike in Turkish Drydockings Amid Asia Capacity Concerns

      Nippon Paint Marine has registered a significant spike in Turkish drydockings as operators of small- to mid-size tonnage redirect vessels from Asia.
      09.22.21

    • Breaking News | Financial News | Paint & Coatings Manufacturer News
      Paint Specialist Flügger Maintains Momentum in Q1 2021-22

      Paint Specialist Flügger Maintains Momentum in Q1 2021-22

      Sales were $766 million for the quarter, up 17% in the prior year period.
      09.21.21


    • Breaking News | Financial News
      RPM to Hold Virtual-Only Annual Meeting of Shareholders

      RPM to Hold Virtual-Only Annual Meeting of Shareholders

      The annual meeting will be held at 2:00 p.m. EDT on Thursday, October 7, 2021.
      09.15.21

    • Aerospace Coatings | Breaking News | Paint & Coatings Manufacturer News
      PPG Launches Virtual PPG Aerospace Academy Education Program

      PPG Launches Virtual PPG Aerospace Academy Education Program

      PPG Aerospace Academy Online is a virtual training program.
      09.06.21

    Loading, Please Wait..
    Trending
    • Sherwin-Williams Leads Global Paints Brands In Value: Brand Finance
    • PPG Opens $30-Million Battery Pack Application Center In China
    • PPG Launches Low-temperature Cure Electrocoats For Automotive Manufacturers
    • Beckers Conducts First LCA Of UV/EB Coil Coatings
    • Axalta Releases Annual Vibes Colour Journal For Architecture And Design Industry
    Breaking News
    • PPG’s New Paint for a New Start Initiative to Beautify Schools Worldwide with Colorful Makeovers
    • Powder Technology, Inc. Announces New Electrical Coating
    • Michelman Chosen as Inaugural Recipient of Innovation Research Interchange (IRI) Excellence Award
    • Dunn-Edwards Announces 2024 Color + Design Trends to Watch
    • Aramsco Acquires Pantheon Surface
    View Breaking News >
    CURRENT ISSUE

    June 2023

      View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Sempera Organics and Alkemist Labs Announce Partnership for Mushroom Testing
    Nektium Expands International Distribution Network for Botanical Extracts
    Kemin Receives Positive EFSA Opinion for BetaVia Pure, its Beta-Glucan Ingredient
    Coatings World

    Latest Breaking News From Coatings World

    PPG’s New Paint for a New Start Initiative to Beautify Schools Worldwide with Colorful Makeovers
    Powder Technology, Inc. Announces New Electrical Coating
    Michelman Chosen as Inaugural Recipient of Innovation Research Interchange (IRI) Excellence Award
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Cue Health Nabs FDA's First De Novo Nod for an At-Home COVID Test
    ISO 13485:2016 Certification Granted to Boston BioProducts
    Paul Colvin Joins Ora Inc. as Chief Operating Officer
    Contract Pharma

    Latest Breaking News From Contract Pharma

    EUROAPI Invests €50M to Meet Growing Demand for Prostaglandins
    RK Pharma to Receive $200M Investment from PAG
    Axol Bioscience, StrataStem Partner on ‘Clinical Trial in a Dish’ for Alzheimer’s Disease
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Estée Lauder Announces Second Edition of Beauty&You Brand Incubator Program
    GetHarley Raises $52 Million in Latest Funding Round
    Refillable Skincare Products Face Hurdles Despite Growing Sustainability Awareness
    Happi

    Latest Breaking News From Happi

    Carrière Frères Introduces Candle Refills as New Sustainability Initiative
    Gen Z Entrepreneur Introduces The Ashley Marie Collection for 4C Hair Types
    The Estée Lauder Companies Expands Beauty&You Competition for Indian Beauty Brands
    Ink World

    Latest Breaking News From Ink World

    SICPA Inaugurates Its unlimitrust Campus
    Siegwerk’s Center of Excellence in France Receives Facelift
    Epson announces MakeTheSwitch Campaign
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Mark Andy reports successful Low Migration Workshop
    Ryback & Ryback Consulting launches Machinery division
    TLMI launches 2023 award programs
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    The Honest Company to Exit Europe, Asia
    TechnoPlants to Exhibit at ITMA
    Andritz Buys 100% Stake in Dan-Web
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Orthobiologics Market to Top $10.3 Billion by 2030
    Artelon Granted U.S. FDA 510(k) Clearance for FlexBand, FlexPatch & FlexBand Plus
    Synergy Spine Solutions Completes Enrollment in IDE Clinical Trial
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Sensormatic Unveils Sensormatic Synergy Media Display
    ams OSRAM Receives the German Innovation Award
    ASSA ABLOY Receives Clearance from Mexico for HHI Acquisition

    Copyright © 2023 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login