Market Research Report
Egypt Specialty Gases Market - Forecast (2020 - 2025)
|Egypt Specialty Gases Market - Forecast (2020 - 2025)|
Published: March 11, 2020
Content info: 113 Pages
Delivery time: 2-3 business days
Egypt Specialty Gases Market Overview
Specialty gases refer to gases such as bump test gases, zero gases, carrier gases, span gases and calibration gases. In the report scope, high purity gases and ultrapure gases are considered. Specialty gases may be gas mixtures or pure gases. Many industries, including analytical, pharmaceutical, electronics and petrochemical, benefit from the unique properties of specialty gases, which help improve yields, optimize performance, and lower costs. The Egypt specialty gases market was valued at $111.72m in 2017 and is estimated to reach $169.69m by 2023, growing at a CAGR of 7.20% during the forecast period 2018-2023. A few of the planned refinery projects in Egypt have been delayed and a few of its oil refineries are operating well below their capacities because of aging infrastructure and maintenance issues. Hence, there is a growing demand for oil and gas in the country. This, in turn, is set to boost the demand for specialty gases, which find applications in analytical instrumentation testing and calibration of critical equipment in industrial settings.
Egypt Specialty Gases Market Outlook
On the basis of type, The Egypt specialty chemicals market has been segmented into high purity gases, noble gases, carbon gases, halogen gases, and others. The market has also been segmented based on application and end user industry. The Egyptian government has sought to expand its refining capacity, but a number of upgrades and green-field refineries have been delayed. The 60,000 barrels per day planned expansion of the MIDOR refinery was expected to be completed by 2018, but has been further delayed until early 2020.
Egypt Specialty Gases Market Growth Drivers
The rising demand for LED and photovoltaic cells has led to a surge in demand for high purity gases. With its availability of raw materials and strong hydrocarbon base, Egypt could emerge as a major market for specialty gases. High demand for specialty inert gases from the food and beverage industry is another driving factor for the Egypt specialty gases market.
Egypt Specialty Gases Market Challenges
Greenhouse gas emissions
Specialty Gas manufacturing is capital extensive, and requires high cost technology and equipment.
Safety issues due to high pressure and liquid storage systems
There is more need for skilled labor
The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. These provide the key market participants with the necessary business intelligence and help them understand the future of the types of specialty gases in the Egypt Specialty Gases Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of Specialty Gases, and their specific applications.
Egypt Specialty Gases Market Report: Industry Coverage
Type of Specialty Gases: High Purity Gases, Noble Gases, Carbon Gases, Halogen Gases, and Others.
Applications of Specialty Gases: Photo Voltaic Cells, Plasma Display Panels, Laser Systems & Equipment, and Others.
End Use Industries of Specialty Gases: Electronics, Food & Beverage, Health Care, and Others.
Air Liquide holds a major share in the Egypt Specialty Gases Market. Air Liquide completed the acquisition of Airgas in late 2016, and the latter was fully integrated into the parent company in 2017. The company has 12 industrial sites in Egypt.
Air Products and Chemicals' specialty gases are primarily used for calibration and testing of critical instrument sensors that detect dangerous concentrations of toxic gas in many industrial settings.
Egypt Specialty Gases Market Trends
The usage of Specialty Gas in Egypt is expanding rapidly owing to the growing incentives from the government as well as the different favorable policies. Owing to the relatively high entry barriers and complex technology, the market is very competitive, with a few international and domestic players, of various sizes, moderately consolidated in Egypt and across the value chain.
5. Egypt Specialty Gases Market - Market Forces
Financials of private companies would be provided on a best-efforts basis *