Egypt Alkylamines Market Outlook

egypt's alkylamines market is projected to witness substantial growth in the coming years, due to rising demand from various end-use industries, including electronics, pharmaceuticals, speciality chemicals, and plastics. growing demand from downstream industries associated with performance enhancing products is set to drive the market further. in 2018, egypt was among the leading countries for alkylamines import in the middle east and north african (mena) region, largely due to the rising industrialization activities across segments like automotive, healthcare and construction. furthermore, the presence of various large alkylamines producers and the close proximity to europe and asia by road, rail, and sea will drive the growth of the alkylamines market in egypt. the increasing investments in the development of specialized healthcare facilities catering to the growing medical tourism in the country will further propel the demand for alkylamines. moreover, extensive research and development activities in the cosmetics, personal care and pharmaceuticals are also expected to drive the market growth in the forecast period. cost of production for certain downstream industries that employ alkylamines as a raw material, will remain high on account of stringent regulation imposed by the government to ensure the safety of the workers. this is likely to have an impact on the regional market presence, as it would restrict the availability of certain products that are derived from alkylamines. furthermore, the oil and gas industry in egypt holds immense potential for growth, considering the massive investments from the government to support local production. this will in turn lead to an augmented demand for alkylamines from this segment, as raw materials for formulation of the wide range of products used in the industry. overall, it can be anticipated that the growing awareness showcasing the benefits and characteristics of alkylamines will continue to drive their demand in egypt in the forecast period 2018-2032. the government’s strategic initiatives, to combat energy shortage by investing in energy efficiency ports, is also likely to shape the market dynamics in a positive manner.