Egypt 2K Protective Coatings Market Outlook

egypt’s protective coatings market is expected to observe an impressive growth from 2018 to 2032. protective coatings are extensively utilized across multiple industries including automotive, construction, oil & gas, marine and chemical plants. the growth in the protective coatings market in egypt is anticipated to be influenced by the increasing growth in the construction sector. protecting of infrastructure from corrosion, even in extreme weather conditions, is essential in egypt. this is expected to fuel the demand for protective coatings from the construction sector of the country. additionally, the oil & gas sector of the country is expected to further propel the protective coatings market as substrates in the oil & gas industry require proper protection from corrosion and abrasion. growing consumer preference towards aesthetically appealing coatings is also expected to fuel the market growth over the forecast period. the egyptian government has recently made several investments in the infrastructure sector to meet the growing population and changing economic dynamics of the country. this has opened new possibilities for investors to enter the construction and oil & gas sector. this in turn, is expected to pave the way for the protective coatings market in egypt. as such, companies are likely to further invest in the development of high-performance protective coatings for various infrastructure projects in the region. manufacturers are also likely to focus on introducing new products with improved quality and attractive prices, in an attempt to capitalize on the growing demand. on the flip side, volatile raw material prices, coupled with environmental regulations, are some of the factors that are likely to hamper the growth of the egypt protective coating market over the forecast period. to tackle these challenges, market players are expected to focus on the development of new and eco-friendly coating technologies. with the advances in technology, a shift from water-based to solvent-free or non-solvent coatings is likely to be witnessed over the forecast period. in conclusion, with develoment of new technologies and products, the protective coatings market in egypt is projected to witness a healthy growth over the forecast period.