The chemical and laborartory industry is the third largest segment in Egypt. The region plans to produce more than 3mn tonnes of chemical products, under a 20-year national plan
Following a successful and hard-earned macroeconomic stabilisation, Egypt’s economy is at a turning point. With close proximity to high consuming markets such as Europe, Middle East and Asia, the region plays a pivotal role in regional trade development and industrial growth. It attracts strong FDI inflows aiming to harness its large domestic market and international trade.
The Egyptian Chemicals and Laboratory Equipment Show (CHEMLAB) will propel new business opportunities in Egypt, Middle East, Africa and the southern Mediterranean region, enabling business partnerships, high-level industry focused conversations and collaborations necessary to accelerate investment & trade across the chemicals and laboratory industry value chain.
As the prime platform to meet and interact with the chemical and laboratory equipment industry, the Show will gather industry leaders, technology experts, vendors and potential buyers to generate business and create lasting strategic partnerships, further stimulating growth in Egypt and the wider MEA region.
Chemical Market Overview
Global markets are expected to recover at a healthy pace which is expected to strengthen as the infection rate declines and vaccinations are rolled out throughout the year. As forecasted by the American Chemistry Council (ACC), global chemical output volume is expected to grow by 3.9% Whilst MENA’s chemical output is expected to rise by 3.6%.
Laboratory Market Projections
The global analytical laboratory instrument market is expected to grow from $87.96 billion in 2020 and is expected to reach $123.83 billion in 2025.