May 12, 2021 12:32 ET | Source: ReportLinker ReportLinker
New York, May 12, 2021 (GLOBE NEWSWIRE) - Reportlinker.com announced the release of the report "Egypt Paint and Coatings Market-Growth, Trends, COVID-19 Impact and Forecast (2021-2026)"-https:// / www.reportlinker.com/p06067811/?utm_source=GNW-The slowdown in car production coupled with the outbreak of COVID 19 may hinder market growth. -Many power plant projects in the pipeline may become market research opportunities. -For the end-user industry, the construction sector is expected to dominate the market due to the increase in construction activity in the region. Main market trends The type of acrylic resin that dominates the market-Acrylic resin is the most widely used polymer in the paint and coatings industry. Most acrylic paints are water-based or solvent-based, including emulsions (latexes), varnishes (lower volume solids), enamels (higher volume solids), and powders (100% solids). There are many types and combinations of common acrylic polymers, such as methyl methacrylate and butyl methacrylate. In the case of inexpensive paint, polyvinyl acetate is mainly used. ? -The two main forms of acrylic used are thermoplastic and thermoset. Thermoplastic acrylic resin is a synthetic resin made by polymerization of different acrylic monomers. Thermosetting materials cure at elevated temperatures through reaction with other polymers. -There are two types of thermoplastic acrylic resin, namely solution acrylic resin and acrylic latex paint. ?-Acrylic solutions: They are one-component thermoplastic coatings that are dried and cured by solvent evaporation. They are used in wooden furniture and automotive finishes, aerosol coatings and maintenance coatings. They have a higher molecular weight and a lower solids content, so they can reach manageable viscosities. ?-Acrylic latex coatings: They are stable and allow fine dispersion of polymers in water. Due to their extremely low VOC, easy application and soap cleaning, they are widely used in the coatings industry. Acrylic latex paint accounts for most of the house paint and architectural paint. -Thermosetting acrylic resins are used in product finishes for metal furniture coatings, automotive finishes, maintenance coatings, electrical appliances and other original equipment manufacturing finishes. They have major performance advantages such as gloss, outdoor durability, corrosion resistance, chemical resistance, solvent resistance and hardness. -Acrylic resin has the characteristics of transparency, high coloring ability and UV resistance in the coating solution. They are often used in aqueous systems to reduce VOC emissions. The application of acrylic paint results in high surface hardness. In certain applications, such as walls, decks and roofs, if used with certain fluids, acrylic coatings can provide elastic finishes to improve the surface's UV resistance. In fact, acrylic paint is the most widely used architectural paint. ? -The application of acrylic coatings is mainly used in the construction industry for high-end finishes on roofs, decks, bridges, floors and other applications. Due to environmental issues, such as the negative impact of VOC on ambient air quality, water-based acrylic coatings are in great demand. ?-Other applications of acrylic paints and coatings include ships and structures, automobiles, electrical products, machinery, and various metal products. -Vinyl acrylic paint and paint: Vinyl acrylic resin is copolymerized with vinyl acetate and acrylate monomers. These resins are often used in architectural and decorative paints and coatings. -Vinyl acrylic resin is further used in engineered non-woven fabrics, as well as paper saturation for industrial and consumer applications. Acrylic resin has an unpleasant smell, which is not available in vinyl acrylic resin. Therefore, they are the first choice for architectural and decorative paint and coating applications. ? The demand in the construction sector continues to increase-architectural paints and coatings are by far the largest part of the entire paint and coatings industry. Architectural coatings are designed to protect and decorate surface features. These are used to coat buildings and houses. Most are designated for specific purposes, such as roof coatings, wall coatings and deck finishes. Regardless of its use, every architectural coating must have certain decorative, durable and protective functions. ?-Architectural coatings are used in applications ranging from commercial use, such as office buildings, warehouses, retail convenience stores and shopping malls to residential buildings. Such coatings can be applied to external and internal surfaces, including sealants or special products. Architectural coatings can be divided into interior wall coatings and exterior wall coatings. -Durability, hiding power, stain resistance and low VOC are some of the indispensable features in every interior wall coating formulation. They are not only used for decorative purposes, but also have a wide range of functions according to the type of use environment. For example, due to humidity, bathroom walls must have wiping capabilities to keep them clean. Glossy coatings have a tighter molecular structure than flat coatings, making it more difficult for moisture to penetrate. Well, these types of paints are used in bathrooms. ? -On the walls of the living room and bedroom, most homeowners prefer to use the color of their choice. Acrylic paints are the first choice for living room and bedroom walls because they offer a variety of options in terms of colors and shades. In the case of ceilings, most of the ceilings are painted pure white so that they can reflect most of the ambient light in the room, making the room spacious and relaxing. The masonry walls of the basement often see water. This area uses elastic paint that swells under pressure to prevent water leakage. -Exterior wall paints and coatings seek to be easy to apply, durable, and protect against extreme weather from rain to hot summer. Modern advances in coating technology, especially acrylic formulations, provide a wide range of weather-resistant coatings. -In Egypt, the main problems with exterior wall coatings are heat and UV exposure. In order to overcome heat buildup, paint companies began to use infrared reflective pigments because it can provide high heat reflection in the desert. -Construction activities play an important role in the regional economic development of Egypt. Since 2014, with the development of tourism and the improvement of people's living standards, the construction industry in Egypt has been developing steadily. The country plans to build new cities and urban spaces to solve the serious housing shortage and the growing demand for less crowded housing options and better lifestyles among the middle class. The Ministry of Housing, Utilities and Urban Communities stated that Egypt needs to build 500,000 to 600,000 new houses every year to keep up with the demand for residential construction, thereby promoting a paint and coatings market that is limited to the construction sector? -Government statistics show that about 97 million people in Egypt live on only 6% of the land. The capital, Cairo, has a population of approximately 20 million and is one of the largest and most crowded cities in the world. It is estimated that the population of the city may double by 2050, so it is necessary to build new living spaces. Are all these forecasts expected to increase the demand for paints and coatings? -In 2019, Egypt completed the construction of 14 new cities in the name of "fourth generation cities". The total area of these 14 new cities is approximately 380,000 mu, accounting for 50% of the total area of urban communities implemented in the past 40 years. -Egypt is building a new capital, aiming to become the country's new administrative center and home to more than 6.5 million residents. In March 2019, the Ministry of Housing and Urban-Rural Development announced that the construction of more than 40,000 houses and other various facilities and service projects in the new administrative capital will be completed by the end of June 2020. -Overall, due to COVID-19, the demand for paint and coatings market in construction is expected to be sluggish in the short term, while growth will pick up in the later stages of the research period. ? -PACHIN, SCIB Coatings, Sipes and GLC Paints are some of the main competitors in the country's architectural coatings sector. ? Competitive landscape The Egyptian paint and coatings market is essentially integrated, with the top 5 participants accounting for more than 70% of the market share. Some of the major companies in the market include Scib Paints (Asian Paints)?, MIDO Coatings, PACHIN, Akzo Nobel NV, GLC Paints? and Sipes Egypt. Reasons for purchasing this report:-Market Estimate (ME) table in Excel format-3 months of analyst support Read the full report: https://www.reportlinker.com/p06067811/?utm_source=GNW About Reportlinker ReportLinker is an award -Successful market research solutions. Reportlinker finds and organizes the latest industry data so you can get all the market research you need instantly in one place. __________________________