Egypt Asphalt Additive Market Outlook

egypt is considered one of the major players in the global asphalt additive market in terms of production and consumption. the demand for asphalt additives in egypt has increased significantly over the recent years due to the rapid growth of large construction and infrastructure projects. the egyptian government has made significant investments and developments in various sectors, such as transportation and construction, which has created a demand for asphalt additives. various additions such as anti-stripping agents, stabilizers, viscosity modifiers, and antioxidants are used in the production of asphalt to improve its durability and ability to bind and stabilize aggregates. such additives increase the overall efficiency of asphalt production and its longevity in difficult weather conditions. egypt’s growing construction industry has created a rising demand for asphalt additives that are expected to continue within the forecast period of 2018-2032. egyptian asphalt additives attract higher demand because these are cost effective alternatives to imports. different species of asphalt additives are easily available locally due to the extensive usage of these in domestic road and construction projects. manufacturers of asphalt additives across the world usually form strategic alliances to get into the vast egyptian market. local companies are also active in the production and sale of asphalt additives. research and advancement in the asphalt industry of egypt has resulted in a range of quality asphalt additives that are used by most of the asphalt production companies. in terms of geographic region, east, central, and west are the biggest markets for asphalt additives in egypt. egyptian asphalt additives have come under a lot of scrutiny after various reports highlighted tainted batches and inferior quality. the egyptian government is planning to introduce stringent guidelines and tougher standards for asphalt additives in the near future. this is expected to strengthen the quality of such additives in the market and create a more favorable investment atmosphere. in conclusion, the article has highlighted the overall outlook for the egyptian asphalt additive market during the 2018-2032 period. the rising demand due to construction activities and improvement of transportation facilities is driving the demand for asphalt additives in the country. in addition, more stringent guidelines and regulations related to asphalt additives will further improve the industry and increase competition among companies.