Egypt Floor Coating Market - Forecast(2023 - 2028)

Report Code: CMR 1291 Report Format: PDF + Excel

Egypt Floor Coating Market Overview

The Egypt Floor Coating Market size is projected to reach USD250 million by 2027, after growing at a CAGR of around 6.7% from 2022 to 2027. The floor coatings are a protective layer of coatings that are used in floor surfaces to offer protection from corrosion, spill and wear. Various types of coatings such as polyaspartic, methyl methacrylate, epoxy-based, thermoplastic based and others are widely used in industrial, commercial and residential spaces. The rising demand for improved surface strength in the residential sector such as for housing, residential buildings and others is boosting the growth in Egypt floor coatings industry. The government's initiative to expand the infrastructural and construction sector is influencing the demand for floor coatings in Egypt owing to its features such as protection, aesthetics and durability, thereby offering major growth opportunities during the forecast period. The covid-19 outbreak created a hamper in Egypt floor coatings, however with recovery in construction and architectural activities, the Egypt floor coating industry experienced major demand, thereby experiencing a major drive. Furthermore, with growing application of floor coatings in housing and building projects, the Egypt Floor Coating Market will grow and contribute to the rising Egypt Floor Coating Market size during the forecast period.

Report Coverage

The “Egypt Floor Coating Market Report– Forecast (2022-2027)” by IndustryARC covers an in-depth analysis of the following segments in the Egypt Floor Coating industry.

By Resin: Acrylics, Epoxy, Polyaspartic, Methyl Methacrylate, Polyurethane and Others
By Coating Component: Single Component, Double Component, Triple Component and Others
By Floor Material: Wood, Concrete, Terazzo, Mortar and Others
By Formulation: Water-Based, Solvent-Based, Powder-Based and Others
Egypt Floor Coating Market Commercial (Shopping Malls, Hotels, Office Buildings and Others), Residential (Residential Housing, Apartments and Others) and Industrial (Manufacturing Facilities, Warehouses and Others)

Key Takeaways

  • The Egypt Floor Coating Market size will increase owing to its rising application in commercial, residential and industrial building & construction sectors during the forecast period.
  • The high growth of Egypt Floor Coating in construction sector is influenced by its increasing application in floor polishing, protection coating and barrier from chemical, moisture and wear for residential housing, office buildings, manufacturing units and others.
  • The high demand of epoxy based resin in Egypt Floor Coatings is due to its flourishing usage in eco-friendly water based floor coatings and suitability across various construction spaces.

Figure: Egypt Floor Coating Market Revenue Share By End-Use Industry, 2021 (%)

Egypt Floor Coating Market
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Egypt Floor Coating Market Segment Analysis – by Resin

By resin, the epoxy held a significant Egypt Floor Coating Market share in 2021 and is expected to grow with a CAGR of around 8.5% during the forecast period. Epoxy floor coatings has major application in concrete floors, mortar and other flooring material for commercial and residential spaces such as retail stores, residential housing, warehouses and others over thermoplastic based, acrylic-based and others. Moreover, the flourishing demand of epoxy in the construction sector is influenced by its superior properties such as stain resistance, heat resistance, spill protection and chemical resistance. The increasing usage of epoxy-based floor coatings in Egypt for architectural and construction activities is boosting the market growth. According to the Central Bank of Egypt (CBE) data, around USD 547 billion was invested in Egypt’s infrastructure between FY 2015-16 and FY 2019-20 with 10% share of building and construction. Thus, with major demand for epoxy resin based floor coatings in Egypt, the Egypt floor coating industry will grow rapidly during the forecast period.

Egypt Floor Coating Market Segment Analysis – by End-Use Industry

By end-use industry, the residential segment held the largest Egypt Floor Coating Market share in 2021, with a share of over 45%. The Egypt floor coatings have major demand in the residential construction sector in kitchens, residential housing, apartments and others. This is due to superior features such as moistures prevention, spill proof and heat resistance of the thermoset polymer resins such as epoxy coatings. Moreover, the rising residential housing and building development projects, along with strong growth in construction activities, the demand of Egypt floor coatings is growing rapidly. According to the World Bank and OECD national accounts data, the value added by the construction sector in Egypt accounted for 32% in 2020. Thus, with major advancement and development in the construction and infrastructural sector, the demand for Egypt floor coatings will grow, as a result of which the Egypt Floor Coating Market share will be flourished during the forecast period.

Egypt Floor Coating Market Drivers

Growing Demand for Eco-friendly Coatings in Various Building Projects:

The high demand of eco-friendly water based floor coating is growing rapidly for various building and construction projects in Egypt. The demand for epoxy coating with low or no VOC content for application in the architectural and building project in Egypt and nearby region is driving the market owing to less toxicity and low emissions in the environment. Furthermore, the announcement of projects adopting eco-friendly coatings is boosting the demand in the Egypt floor coatings industry. For instance, the Green Cities program in Egypt, Cairo aims to provide investment in infrastructure that reduces greenhouse emissions. The Nor City project in Egypt worth USD 31.8 billion plans for the development of 140,000 housing units as on June 2021. Thus, the adoption and innovative development for eco-friendly floor coatings is offering major growth opportunities in the market.

Rise in Buildings and Construction Activities:

The construction industry in Egypt is growing rapidly. The flourishing usage of floor coatings in residential spaces such as apartments, housing and others and commercial spaces such as hotels, shopping malls, office buildings and others is creating high demand in the market. Moreover, the rising renovation and remodeling activities on buildings and other architectural spaces is influencing the growth of Egypt floor coatings industry. According to the International Trade Administration, the infrastructure and construction sector in Egypt is expected to grow 9% in 2020-24. The growing Investment in building and construction projects is offering a major drive in the market. Thus, the Egypt floor coating industry is experiencing high demand and major growth opportunities.

Egypt Floor Coating Market Challenges

Fluctuation in Raw Material Prices and Environment Threat:

The rise in the prices of raw materials and fluctuation in the crude oil prices creates a major hamper in the Egypt Floor Coating Market. The raw materials including resins, solvents monomers and other thermoplastics are majorly affected by the fluctuating prices of crude oil, thereby creating a challenge for application and production activities. Furthermore, the hazardous effects of solvent-based resins such as polyaspartic, methyl methacrylate and others lead to major hazardous impacts on the environment. Thus, owing to price fluctuations and major environmental hazards, the Egypt floor coating industry faces a slowdown and growth hamper.

Egypt Floor Coating Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Egypt Floor Coating Market. The top 10 companies in the Egypt floor Coating Market include:

  1. PPG Industries
  2. BASF SE
  3. Mido Coatings
  4. SIPES Egypt
  5. Orient Paints
  7. Sika AG
  8. The Sherwin-Williams Company
  9. Kansai Paint Co. Ltd.
  10. Arkema S.A.

Recent Developments

  • In May 2022, the Arsenal Capital Partner that its subsidiary, Seal for Life Industries has acquired the coatings companies named Mascoat Ltd. and Verdia Inc., a leading polymer flooring coatings manufacturer. This purchase will offer major growth and innovative technology in the market.
  • In January 2021, the PPG Industries announced the agreement to acquire VersaFlex, a manufacturer specializing in epoxy, polyurea and polyurethane coatings for flooring, infrastructure and industrial applications.

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1. Egypt Floor Coating Market- Market Overview
    1.1 Definitions and Scope
2. Egypt Floor Coating Market - Executive Summary
    2.1 Key Trends by Resin
    2.2 Key Trends by Coating Component
    2.3 Key Trends by Floor Material
    2.4 Key Trends by Formulation
    2.5 Key Trends by End-Use Industry
3. Egypt Floor Coating Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Egypt Floor Coating Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Egypt Floor Coating Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Egypt Floor Coating Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Egypt Floor Coating Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Egypt Floor Coating Market – by Resin (Market Size -$Million/Billion)
    8.1 Acrylics
    8.2 Epoxy
    8.3 Polyaspartics
    8.4 Methyl Methacrylate
    8.5 Polyurethane
    8.6 Others
9. Egypt Floor Coating Market – by Coating Component (Market Size -$Million/Billion)
    9.1 Single Component
    9.2 Double Component
    9.3 Triple Component
    9.4 Others
10. Egypt Floor Coating Market – by Floor Material (Market Size -$Million/Billion)
    10.1 Wood
    10.2 Concrete
    10.3 Terazzo
    10.4 Mortar
    10.5 Others
11. Egypt Floor Coating Market – by Formulation (Market Size -$Million/Billion)
    11.1 Water-Based
    11.2 Solvent-Based
    11.3 Powder-Based
    11.4 Others
12. Egypt Floor Coating Market - by End-Use Industry (Market Size -$Million/Billion)
    12.1 Commercial
        12.1.1 Shopping Malls
        12.1.2 Hotels
        12.1.3 Office Buildings
        12.1.4 Others
    12.2 Residential
        12.2.1 Residential Housing 
        12.2.2 Apartments
        12.2.3 Others
    12.3 Industrial
        12.3.1 Manufacturing Facilities
        12.3.2 Warehouses
        12.3.3 Others
13. Egypt Floor Coating Market – Entropy
    13.1 New Product Launches
    13.2 M&As, Collaborations, JVs and Partnerships
14. Egypt Floor Coatings Market – Industry/Competition Segment Analysis Premium
    14.1 Company Benchmarking Matrix – Major Companies
    14.2 Market Share at Country Level - Major companies
    14.3 Market Share by Key Application - Major companies
    14.4 Market Share by Key Product Type/Product category - Major companies
15. Egypt Floor Coating Market – Key Company List Premium
16. Egypt Floor Coating Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10 and more
"*Financials would be provided on a best effort basis for private companies"
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