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    Algeria Expelled Record of 31,404 Migrants to Niger in 2024 Amid Global Uproar – Morocco World News

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    Russia is shifting military gear from Syria to Libya after the fall of Assad, Ukraine says – Business Insider

    France’s Alpha-Cim and FB Technology‎ make a presentation to the Airports Authority – Libya Herald

    Libyan Foreign Bank announces preliminary 2024 Year-End Results showing US$ 440 million net profits – change of CEO – Libya Herald

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                  • Algeria

                    Algeria faces hurdles in sourcing milk from Uganda – Pulse Uganda

                    Algeria Embarks on a New Era of Technological Sovereignty: Inauguration of the First National Electronic Chip Laboratory – دزاير توب

                    Algeria Expelled Record of 31,404 Migrants to Niger in 2024 Amid Global Uproar – Morocco World News

                    Algeria set to issue Sukuk for project finance – ZAWYA

                    Strained Relations: France and Algeria’s Diplomatic Woes – Qhubo

                    Algeria Cuts Taxes, Introduces Exemptions to Spur Digital Innovation – We Are Tech

                  • Egypt

                    Egypt Embraces Technology to Modernize Governance and Citizen Engagement – Tech in Africa

                    Egypt: Beltone Investment Banking advises on $180mln financing deal for MAFI – ZAWYA

                    Rambo’s Story: A Window into Animal Dignity and Suffering in Egypt – Egyptian Streets

                    Swiss logistics giant MEDLOG to build new state-of-the-art dry port in Egypt – Economy – Business – Ahram Online

                    Explainer: Towards a cashless future! Exploring e-wallets in Egypt – Tech – Business – Ahram Online

                    Egypt’s net foreign assets decline by $3.25bn in November – Gulf Business

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                    • Commentary
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                  • Libya

                    Libya Exhibition for Energy, Electricity and Lighting Technologies – The Libya Observer

                    Libya has around 124,000 Point of Sales machines – needs 200 to 250,000 to solve its liquidity problem: Former senior banker – Libya Herald

                    Libya's oil ambitions face Russian threat amid production boost – MSN

                    Russia is shifting military gear from Syria to Libya after the fall of Assad, Ukraine says – Business Insider

                    France’s Alpha-Cim and FB Technology‎ make a presentation to the Airports Authority – Libya Herald

                    Libyan Foreign Bank announces preliminary 2024 Year-End Results showing US$ 440 million net profits – change of CEO – Libya Herald

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                    • Morocco

                      We work remotely, so we moved from the US to Morocco. We plan to stay for years. – Business Insider

                      Morocco shares higher at close of trade; Moroccan All Shares up 0.23% – Investing.com UK

                      Morocco Jails Activist Over Earthquake Response Remarks – News Central

                      Blockchain Technology Providers: Catalysts for Supply Chain Innovation in Emerging Markets – Morocco World News

                      Spain and Morocco advance new trade framework for Ceuta and Melilla amid local opposition – FreshPlaza.com

                      Moroccan Treasury Raises 700 Million USD in Strong January 2025 Auction – Morocco World News

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                      • South Sudan

                        Royal Palace Hotel rooftop solar, South Sudan – ESI-Africa.com

                        Sudan Lifts Force Majeure on South Sudan's Oil Exports – MarketWatch

                        Turkish aid agency TIKA delivers food aid to 250 children at South Sudan orphanage – Türkiye Today

                        Sudan drops out of hunger-monitor system on eve of famine report – Arab News

                        China donates nearly 1,000 tonnes of emergency food to support vulnerable people in South Sudan – China.org.cn

                        Arab League hopes for immediate halt to fighting in Sudan – China.org.cn

                        Trending Tags

                        • Sudan

                          French military tech found in Sudan, likely violating U.N. arms embargo – Sudan Tribune

                          Sudan – Manufacturing, Textiles, Oil – Britannica

                          South Sudan to Resume Oil Production Following Year-long Halt – Africa.com

                          South Sudan under pressure to disclose oil production deals – The East African

                          French military technology used in Sudan war despite UN arms embargo: Amnesty – News.Az

                          KUNA : Sudan's banknote replacement triggers off economic challenges – Economics – 06/01/2025 – Kuwait News Agency

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                          • Tunisia

                            China's Huawei supports Tunisia's smart education – People's Daily

                            List of Banks in Tunisia – Global Banking And Finance Review

                            Tunisia's ODC tenders for 75,000 tonnes of feed barley for Feb-Mar – AgriCensus

                            Tunisia: 2nd mission to Senegal’s construction and infrastructure fair SENCON – African Manager EN

                            Tunisia has potential to export green technologies – ZAWYA

                            Tunisia: African Development Bank grants a loan of over €80 million to upgrade road infrastructure in seven of the country’s governorates – African Development Bank

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                            • North Africa
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                              As Part of the “AfriSummit 2024” Activities A High-Level Meeting between Uganda and Egypt to Strengthen Pharmaceutical Cooperation and Expand the African Market

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                              ضمن فعاليات “قمة إفريقيا للشؤون التنظيمية 2024” اجتماع رفيع بين أوغندا ومصر لتعزيز التعاون الدوائي وتوسيع السوق الإفريقية

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                              خلال قمّة إفريقيا للشؤون التنظيمية 2024 الهيئات الصحيّة وقادة الصناعة يبحثون أهمّ اللوائح والابتكارات في القطاع الصيدلاني

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                                تدخل GOMUNOINAKI CO., LTD. اليابانية أسواق الشرق الأوسط وأفريقيا بعلامة “feminak” وتشارك في Africa Health ExCon 2025

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                                  Home Press Releases

                                  Malaysia Solvents Market Size Forecast to Reach $185.4 Million by 2026

                                  admin by admin
                                  February 6, 2022
                                  in Press Releases
                                  Phototherapy Equipment Market Size Forecast to Reach $1.2 Billion by 2026
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                                  (EMAILWIRE.COM, January 30, 2022 ) Malaysia Solvents market size is forecast to reach US$185.4 million by 2026, after growing at a CAGR of 6.6% during 2021-2026. Solvents are generally available in a liquid state but they are also available in solid or gaseous forms. Ethylene glycols and ethyl acetate are the organic compounds finds its usage in paints & coatings, chemical manufactuirng, and other industries.Solvents are used for different applications in domestic, commercial, and research purposes. The growing demand for solvents from various industries such as transportation, pharmaceutical, personal care, and agriculture among others. The growing construction activities in Malaysia are also supporting the market growth during the forecast period. The growing demand for solvents from the paints & coatings sector along with the growing usage of paints & coatings among end-use industries is also driving the market positively. The rising disposable income and consumer spending as well as steady industrial growth in Malaysia are the key factors supporting the market growth during the forecast period. However, Stringent regulatory policies regarding the usage of solvents are likely to hamper the market growth during the forecast period.

                                  COVID-19 Impact

                                  The COVID-19 pandemic is impacting different industries; one of the few industries that were largely hit to some extent was the chemical industry. The temporary shutdown of chemical manufacturing facilities has negatively impacted the market. The downfall in the production of solvents, disruption of logistical services, and lack of workforce impacted the market negatively during the covid-19 crises. Travel restrictions have reduced the supply of raw materials required for the manufacturing of solvents, which, in turn, has affected negatively the market growth during the pandemic.

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                                  Report Price: $4500 (Single User License)

                                  Malaysia Solvents Market Segment Analysis – By Source

                                  The petroleum based source segment accounted for 76.8% of the market share in 2020 by revenue and is estimated to grow at a significant CAGR during the forecast period. The majority of Solvents are derived from petroleum and synthetic chemicals. Petroleum solvents are generally made up of liquid hydrocarbon derived from petroleum and petroleum by-products. These products are widely preferred in various industrial applications because of their effectiveness, low cost, and ready availability. The natural source segment is expected to grow at a high CAGR during the forecast period. Manufacturers of solvents are adopting natural sources for developing solvents. Naturally, derived solvents are environmentally friendly and show less impact on human health.

                                  Malaysia Solvents Market Segment Analysis – By Type

                                  The organic solvents segment accounted for the largest share of 90.3% in 2020 by revenue eand is estimated to grow at a significant CAGR during the forecast period. Organic solvents are widely preferred in traditional applications, such as dry cleaning, paints & coatings, adhesives, and chemical processing among others. Organic solvents contain a carbon-based molecular structure. Organic solvents offer various properties such as are volatile, exhibit a low boiling point, and they have lower molecular weights among others. The oxygenated solvents type of organic solvents segment is expected to hold a major share in the Malaysia Solvents market during the forecast period. Oxygenated solvents contain carbon atoms, hydrogen atoms, and oxygen atoms. Oxygenated solvents have high purity, good solvency power, and are they can easily mix with water. These are some of the major properties driving the market for oxygenated solvents during the forecast period.

                                  Malaysia Solvents Market Segment Analysis – By End-Use industry

                                  The paints & coatings segment accounted for 37.7% of the market share in 2020 by revenue and is estimated to grow at a significant CAGR during the forecast period. The growing construction industry is positively driving the market for paints & coatings industry which is further driving the market for solvents during the forecast period. The growing demand for protective coatings from transportation sectors is also driving the market for Malaysian solvents market. According to the Malaysian Automotive Association, the Malaysian total vehicle production reached 529,434 units in 2020.

                                  Malaysia Solvents Market Drivers:

                                  Growing demand from building & construction industry

                                  Rapid growth in the build & construction along with the growing transportation sector in Malaysia is driving the market growth for solvents. The growth in the construction industry is driving the market for paints & coatings which is further driving the market for solvents in Malaysia. According to trading economics, the Malaysian construction industry is expected to register a 4.5% growth rate between 2019-2024. The Malaysian government has made considerable progress to expand and modernized its infrastructures throughout the country. In March 2020, the Malaysian government allocated USD 472.8 million to infrastructure development projects.

                                  The growing transportation sector in Malaysia

                                  The transportation sector plays an important role in the Malaysian economy. The transportation sector in Malaysia includes automotive, aerospace, railways, and marine. The growing demand for protective coatings in transporation sector is driving the market growth. The large population and strong domestic demand are driving positive growth for transportation activities which is further driving the market for solvents. According to the Malaysian Automotive Association, in 2019, approximately 572,000 passenger cars and commercial vehicles were manufactured and assembled in Malaysia. The aerospace industry is one of the rapidly growing industries in Malaysia. The country has several aerospace parks namely, Senai Airport Aviation Park, Subang Aerotech Park, Nusajaya Tech Park, UMW High-Value Manufacturing Park, and Kulim Hi-Tech Park among others. According to the data published by the Malaysian Investment Development Authority (MIDA), the aerospace sub-sector investments reached RM 15.1 billion in 2019, which includes RM 10.7 billion foreign investments and RM4.4 billion domestic investments.

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                                  Malaysia Solvents Market Challenges:

                                  Health Effects

                                  Petrochemical-based solvents cause many short-term and long-term health-related problems. Some of the short-term related health problems include severe headaches, hallucinations, prolonged sniffing, blackouts, sickness, and dizziness among others. Long-term effects include damage to the kidneys, brain, heart, and liver among others. Some solvents can cause the lungs to freeze and cause suffocation. Some of the most hazardous solvents include benzene, carbon disulfide, and carbon tetrachloride among others. Benzene solvents may cause irregularities in the heartbeat which leads to hearth related problems. These are some of the major challenges hampering the market growth during the forecast period.

                                  Malaysia Solvents Market Landscape

                                  Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Malaysia Solvents market. Major players in the Malaysia Solvents market are PETRONAS Chemicals Group Berhad, Lotte Chemical Titan, Ancom Berhad, Royal Dutch Shell, BASF SE, Arkema Sdn Bhd, Idemitsu Kosan, ExxonMobil Chemical Malaysia Sdn Bhd, DAIREN CHEMICAL (M) SDN. BHD., British Petroleum, and others.

                                  Related Reports:

                                  A. Solvent Market

                                  https://www.industryarc.com/Report/15267/solvents-market.html

                                  B. Green Solvents & Bio Solvents Market

                                  https://www.industryarc.com/Report/11696/green-solvents-biosolvents-market.html

                                  For more Chemicals and Materials Market related reports, please click here

                                  About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.



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