Market Forecast By By Product (Coated, Bonded, Others), By By Application (Automotive & Transportation, Heavy Machinery, Metal Fabrication, Electrical & Electronics Equipment, Others) And Competitive Landscape
Product Code: ETC190504 | Publication Date: May 2022 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
Egypt Abrasives market currently, in 2023, has witnessed an HHI of 4924, Which has increased moderately as compared to the HHI of 4020 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | Egypt Abrasives Marketย |
Forecast period | 2025-2031 |
CAGR | 6.8% |
Growing Sector | The Aviation industry |
Egypt Abrasives Market report thoroughly covers the market by product and application. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Egypt's economy is rapidly growing in recent times, and one area of significant development is the abrasives market. The government and other investors are interested in developing the country's infrastructure, which will require construction materials that use abrasives. There is also significant potential for exporting abrasives as the country is located at the junction of three continents.
According to 6Wresearch, the Egypt Abrasives Market size is expected to grow at a CAGR of 6.8% during the forecast period 2025-2031. The primary driver of the abrasives market in Egypt is the booming automotive industry. The country is the largest car producer in Africa and the Middle East, and the automotive sector's growth is driving demand for abrasives. Additionally, the construction industry is growing, which requires abrasives for polishing, grinding, and cutting.
The rising demand for various types of abrasives in different industrial sectors is significantly driving growth in the market. In recent years, Egypt Abrasives industry has experienced several trends that are shaping the industry's future. One of them is the use of automation in the manufacturing process. With the help of automation, companies can significantly reduce production costs, increase efficiency, and ensure consistent quality. Another trend is the use of precision abrasives that can provide better finishes and accuracy, especially in industries like electronics and aerospace.
Egypt economy is rapidly growing in recent times, and one area of significant development is the abrasives market. The government and other investors are interested in developing the country's infrastructure, which will require construction materials that use abrasives. There is also significant potential for exporting abrasives as the country is located at the junction of three continents. Further, in recent years, several notable trends have emerged within the Egypt abrasives market, shaping both demand and supply dynamics. One significant trend is the increasing emphasis on sustainability and environmentally friendly products. This shift is influencing manufacturers to invest in green abrasives, which are less harmful to the environment and offer safer workplace conditions. Additionally, technological advancements are driving the development of high-performance and precision abrasives, catering to the intricate needs of industries like electronics and automotive manufacturing. The digitalization of sales channels is also a key trend, with more companies leveraging online platforms to reach a broader customer base and streamline their distribution networks. These trends collectively indicate a market that is rapidly evolving, with a strong inclination towards innovation, sustainability, and enhanced customer engagement.
The Egyptian government has been making initiatives to attract foreign companies to invest in the country. One of the most notable measures is the establishment of business-friendly economic zones. Additionally, the government has been offering incentives to companies that are interested in establishing production facilities in the country. These incentives include tax exemptions, duty-free access to raw materials and equipment, and comprehensive infrastructure support.
There are several companies operating in the abrasives market in Egypt. Some of the biggest players in the market include Harsco Metals Egypt, Saint-Gobain Abrasives Egypt, ATA Group, and Tyrolit Group Egypt. Moreover, the Egypt abrasives market is composed of both local and international players, creating a dynamic and competitive environment. Leading companies are continuously engaged in product development and strategic partnerships to enhance their market share. Additionally, the focus on sustainability and environmentally friendly products has become a significant differentiator among competitors. Local manufacturers are increasingly investing in research and development to produce high-quality abrasives that meet global standards, positioning themselves as strong contenders in both domestic and international markets. This competition not only drives innovation but also makes a wide range of products available to consumers, catering to the diverse needs of the industrial sectors in Egypt.
The Egypt abrasives market is projected to grow over the next five years, driven by factors such as increasing industrialization and construction activities. The market's highly fragmented nature presents an opportunity for growth, as consolidation and acquisition could enable businesses to scale. Furthermore, the country's strategic location makes it an attractive destination for multinational businesses looking to enter the Africa and Middle East markets.
According to Dhaval, Research Manager, 6Wresearch, coated abrasives are proving to be the only growing abrasive product in the Egypt market. With their versatility, flexibility, and longevity, they are becoming the preferred choice for industries that require abrasives for various applications.
Based on the application, the Aviation industry is expected to continue to rise in the coming years due to an increase in air travel and tourism in Egypt. The future of the Egypt Abrasives Market is promising, and it is essential to keep up with the industry's latest trends and innovations.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Egypt Abrasives Market Overview |
3.1 Egypt Country Macro Economic Indicators |
3.2 Egypt Abrasives Market Revenues & Volume, 2021 & 2031F |
3.3 Egypt Abrasives Market - Industry Life Cycle |
3.4 Egypt Abrasives Market - Porter's Five Forces |
3.5 Egypt Abrasives Market Revenues & Volume Share, By By Product, 2021 & 2031F |
3.6 Egypt Abrasives Market Revenues & Volume Share, By By Application, 2021 & 2031F |
4 Egypt Abrasives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Egypt Abrasives Market Trends |
6 Egypt Abrasives Market, By Types |
6.1 Egypt Abrasives Market, By By Product |
6.1.1 Overview and Analysis |
6.1.2 Egypt Abrasives Market Revenues & Volume, By By Product, 2021 - 2031F |
6.1.3 Egypt Abrasives Market Revenues & Volume, By Coated, 2021 - 2031F |
6.1.4 Egypt Abrasives Market Revenues & Volume, By Bonded, 2021 - 2031F |
6.1.5 Egypt Abrasives Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Egypt Abrasives Market, By By Application |
6.2.1 Overview and Analysis |
6.2.2 Egypt Abrasives Market Revenues & Volume, By Automotive & Transportation, 2021 - 2031F |
6.2.3 Egypt Abrasives Market Revenues & Volume, By Heavy Machinery, 2021 - 2031F |
6.2.4 Egypt Abrasives Market Revenues & Volume, By Metal Fabrication, 2021 - 2031F |
6.2.5 Egypt Abrasives Market Revenues & Volume, By Electrical & Electronics Equipment, 2021 - 2031F |
6.2.6 Egypt Abrasives Market Revenues & Volume, By Others, 2021 - 2031F |
7 Egypt Abrasives Market Import-Export Trade Statistics |
7.1 Egypt Abrasives Market Export to Major Countries |
7.2 Egypt Abrasives Market Imports from Major Countries |
8 Egypt Abrasives Market Key Performance Indicators |
9 Egypt Abrasives Market - Opportunity Assessment |
9.1 Egypt Abrasives Market Opportunity Assessment, By By Product, 2021 & 2031F |
9.2 Egypt Abrasives Market Opportunity Assessment, By By Application, 2021 & 2031F |
10 Egypt Abrasives Market - Competitive Landscape |
10.1 Egypt Abrasives Market Revenue Share, By Companies, 2024 |
10.2 Egypt Abrasives Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |