Egypt Bio-Acrylic Acid Market Outlook

egypt’s bio-acrylic acid market is represented by the top 4 manufacturers of the specialty polymers in the country. each of them has a presence in different regions of the country and have different production capacities and plants. innovation and efficiency are key drivers of the industry in egypt. with the liberalization of the economy, investment climate has improved and import restrictions decreased. also, egypt has seen significant growth in the automobile sector which has seen an increase in the demand for bio-acrylic acid polymers. apart from the end use applications in automotive sector the bio acrylic acid market has also seen new application in building construction and furniture production. egypt’s bio-acrylic acid polymer industry is highly regulated and hence the prices remain highly stable. this is mainly due to the government policy which is aimed at protecting the industry. due to the lack of factories and production in the region, the price of the bio acrylic acid residues high but is stable. import into the country is also minimal and this keeps the prices high. the growth in the demand of the bio acrylic acid polymers in egypt can be attributed to the government policy initiatives. it has taken steps to reduce the cost of production for the acrylic acid polymers and increase the efficiency of production. this has seen a shift towards more local production of the polymers. this has seen an increase in the demand for the bio polymers. the industry is now set to grow in the coming years with many of the global players looking to enter the egyptian market. it is expected that with increased local production and government policy initiatives, the market for bio-acrylic acid polymers in egypt is poised to grow in the coming years. the government’s focus on economic liberalization and improved investment climate may also lead to growth in the bio-acrylic acid market.