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The Egypt polyurethane market is expected to register a CAGR of about 4.53% during 20182023 the forecast period. Foam is the largest segment dominating the market and is likely to continue its dominance during the forecast period
Construction Industry to Boost the Demand for the Polyurethane Market
Polyurethane is a polymeric plastic, which is formed by the combination of alcohol and isocyanate. Unlike most other plastics, polyurethane is directly made into the final product, instead of reshaping, followed by manufacture. The final properties of the product are dependent on the initial constituents. Rising construction activities in the country, primarily infrastructure projects, are likely to have a positive impact on the Egypt polyurethane market. Initiative by the president to boost the infrastructure projects in the country is also likely to fuel the demand for polyurethane market in the country.
The Foams Segment Likely to continue its Dominance during the forecast Period
Polyurethane has wide range of applications and is used in various enduser industries such as construction, automotive, electronics, footwear etc. It is widely used as foam in automotive, construction, electric appliances etc. Recovery of commercial vehicle production in the country is likely to boost the demand for polyurethane foams market. Additionally, increasing consumption of electronic products is also likely to have a positive impact on the market.
Key Developments in the Market
October 2017: BASF developed a special polyurethane system, which is used in the manufacture of boots.
January 2017: An agreement between Dow Polyurethanes and HS Anlagentechnik was signed to develop recycled polyols from endoflife matresses.
Major Players: BASF SE, DOWDUPONT, HUNTSMAN INTERNATIONAL LLC, COVESTRO AG amongst others.
Reasons to Purchase this Report
PESTEL analysis of the country
The various market perspectives, with the help of Porter's five forces analysis
The largest enduser industry
The fastest growing application during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
3 months analyst support, along with the Market Estimate sheet in excel.
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