Egypt Anisole Market Outlook

egypt, located in the eastern part of africa, is an interesting market to study for anisole given its sizeable population and rapidly growing economy. in recent years, it has seen a rapid expansion of its pharmaceutical and chemical industries in response to a growing demand for medications and other pharmaceutical products. this, in turn, has fueled a surge in demand for anisole. anisole is widely used as a solvent, intermediate, and reagent in the production of active pharmaceutical ingredients (api). in 2018, the demand for anisole in egypt was estimated to be around 10 thousand metric tons driven majorly by the pharmaceutical and chemical industries. several small as well as large players in egypt, including local suppliers, are contributing in meeting the rising demand for anisole. in the coming years, it is estimated that the demand for anisole will continue to increase driven by the same end use industries. the rising population in egypt will be another factor that will contribute to the growth of the market as usage of pharmaceuticals are expected to increase as a result. it is anticipated that the market for anisole in egypt will witness a steady surge in demand reaching close to 14 thousand metric tons by 2032. to ensure the supply-demand gap is filled, the government of egypt is investing in its plastic and chemical industries. the government also supports the export of anisole through cash incentives and other promotional policies. this will help local players to penetrate global markets while ensuring that the local market remains well supplied. other associations such as the egypt organic and inorganic chemical industries association are also actively taking steps in promoting the sale and usage of anisole for various application purposes. they are not only supporting r&d but are also looking in in the form of certifying products, formulation, packaging as well as sales & marketing strategies which in turn will give a further push to the growth of the egyptian anisole market. overall, egypt is an attractive market for anisole both in terms of demand and potential for growth. by 2032, it is estimated that the market size for anisole in egypt will reach close to 14 thousand metric tons.