Egypt 1-Decanol Market Outlook (2018 to 2032)
Synopsis
The above chart is Egypt 1-Decanol Market Outlook (2018 to 2032)
Market Dynamics
egypt 1-decanol is a non-volatile fatty alcohol used in a variety of industrial and consumer applications. in the egyptian chemical market, 1-decanol is primarily used in the manufacture of surfactants, coatings, sealants, lubricants, and flavorings.
the major drivers of demand for 1-decanol in egypt include growth in the country’s coatings and paints industry, increase in urbanization and industrialization, and the government’s focus on investments in infrastructure. the growth in the coatings and paints industry coupled with the increasing use of 1-decanol as an anti-foam agent and an emulsifier in industrial coatings is expected to drive demand for 1-decanol in the egyptian market in the coming years.
in terms of price trends, the price of 1-decanol in egypt was quite volatile during 2018. the price of 1-decanol rose from lows of $0.8 per kg to a high of $1.8 per kg during the same period. factors such as the rising demand from the oil and gas industry, a disruption in supply due to increased imports to meet the domestic demand, and changing environmental regulations influencing prices were some of the major reasons for the volatility in prices.
the outlook for 1-decanol in egypt is expected to remain positive during the forecast period of 2018-2032. increasing industrial activities coupled with infrastructure development across the country, a rise in the overall manufacturing sector, and an expected growth in domestic consumption are expected to drive demand for 1-decanol in the country. additionally, infrastructural improvements, increasing urbanization, and rising incomes is projected to drive the demand in the industrial coatings industry which in turn is likely to have a positive impact on the domestic 1-decanol market.
in the near future, the demand for 1-decanol in egypt is anticipated to remain solid. with the positive outlook for the chemical sector, the growth in the coatings industry, and the continuous focus on the chemical industry, the demand for 1-decanol in the country is expected to continue to grow at a steady pace.