Middle East & Africa Advanced Composites Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Fiber Type (Carbon Fiber Composites, Aramid Fiber Composites, Glass Fiber Composites, and Others), Matrix Type [Epoxy Resin, Phenolics, Polyester Resin, Polyurethane Resin, Polyphenylene Sulfide (PPS), Polyetherimide (PEI), and Others], and End-Use Industry (Aerospace & Defense, Automotive, Wind Energy, Building & Construction, Electrical & Electronics, and Others)
The Middle East & Africa advanced composites market is expected to grow from US$ 485.30 million in 2022 to US$ 685.42 million by 2028. It is estimated to grow at a CAGR of 5.9% from 2022 to 2028.
Increasing Demand for Nanocomposites is Fuelling Middle East & Africa Advanced Composites Market
Nanocomposites are materials that incorporate nanosized particles into a matrix of standard material. To overcome the limitation of different engineering materials, nanocomposites act as a beneficial alternative. Nanocomposites can be classified based on their dispersed matrix and dispersed phase materials. Polymeric nanocomposites are materials incorporating nanosized inclusions into the polymer matrices. They exhibit excellent mechanical properties, flame retardancy, enhanced modulus & dimensional stability, improved scratch resistance, superior thermal and processing properties, reduced warpage of components, and enhanced impact resistance, making them suitable to replace metals in various industrial applications. These nanocomposites are widely used in medical, electronics, automotive, food packaging, and sport equipment applications. They are also used in aeronautics and spaceflight due to their ability to withstand tension and extreme temperatures. Furthermore, growing research and development efforts are also increasing the applications of nanocomposites. Hence, the rising demand for nanocomposites and associated research & development activities is expected to offer lucrative opportunities for the Middle East & Africa advanced composites market growth during the forecast period.
Middle East & Africa Advanced Composites Market Overview
Governments of various countries in the Middle East & Africa are focused on developing air traffic infrastructure, launching a new national carrier, and developing a better path for new airspace entrants such as unmanned vehicles, including drones and other electric aircraft. For instance, on August 14, 2022, the government of Saudi Arabia invested US$ 100 billion in the aviation sector in order to plan to host at least 300 million passengers and 5 million tons of freight by 2030. The aviation industry in the Middle East & Africa is also fueled by several drivers such as rapid industrialization and growth in disposable income, resulting in a surge of passengers opting for air travel. Further, according to the report by International Trade Administration, the UAE government has supported and invested in various initiatives in the aerospace industry, thus increasing the number of partnerships among significant market players and Original Equipment Manufacturers (OEMs). Further, Saudi Arabia, the UAE, and South Africa are rapidly developing their public infrastructure, including airports, hospitals, and administrative buildings. The construction of commercial buildings and infrastructure has increased due to the rising tourism industry and growing immigrant population. The UAE government has been investing extensively in airport development and expansion projects. For example, the government invested US$ 8.1 billion in Al Maktoum International Airport in Dubai, US$ 7.6 billion for the Dubai International Airport Expansion Phase 4, US$ 6.8 billion for Abu Dhabi Airport development and expansion plans, and ~US$ 400 million in Sharjah's International Airport terminal expansion. Thus, due to governments’ support in terms of investing in airport development, and expansion projects, it is projected to fuel the demand of advanced composites across the Middle East & Africa during the forecast period.
Middle East & Africa Advanced Composites Market Revenue and Forecast to 2028 (US$ Million)
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Middle East & Africa Advanced Composites Market Segmentation
The Middle East & Africa advanced composites market is segmented based on fiber type, matrix type, end-use industry, and country.
Based on fiber type, the Middle East & Africa advanced composites market is segmented into carbon fiber composites, aramid fiber composites, glass fiber composites, and others. The carbon fiber composites segment held the largest share of the Middle East & Africa advanced composites market in 2022.
Based on matrix type, the Middle East & Africa advanced composites market is segmented into epoxy resin, phenolics, polyester resin, polyurethane resin, polyphenylene sulfide (PPS), polyetherimide (PEI), and others. The epoxy resin segment held the largest share of the Middle East & Africa advanced composites market in 2022.
Based on end-use industry, the Middle East & Africa advanced composites market is segmented into aerospace & defense, automotive, wind energy, building & construction, electrical & electronics, and others. The automotive segment held the largest share of the Middle East & Africa advanced composites market in 2022.
Based on country, the Middle East & Africa advanced composites market has been categorized into the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & Africa. Our regional analysis states that Saudi Arabia dominated the Middle East & Africa advanced composites market in 2022.
Avient Corp, Ensinger GmbH, Johns Manville Corp, Mitsubishi Chemical Corp, Owens Corning, SGL Carbon SE, Solvay SA, Teijin Ltd, and Toray Industries Inc are the leading companies operating in the Middle East & Africa advanced composites market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Middle East & Africa Advanced Composites Market, by Fiber Type
1.3.2 Middle East & Africa Advanced Composites Market, by Matrix Type
1.3.3 Middle East & Africa Advanced Composites Market, by End-Use Industry
1.3.4 Middle East & Africa Advanced Composites Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Middle East & Africa Advanced Composites Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Threat of New Entrants:
4.2.2 Bargaining Power of Buyers:
4.2.3 Bargaining Power of Suppliers:
4.2.4 Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers:
4.3.2 Manufacturers:
4.3.3 Distributors or Suppliers:
4.3.4 End-Use Industries
4.4 Expert Opinion
5. Middle East & Africa Advanced Composites Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Demand for Lightweight Materials in Aerospace & Defense Industry
5.1.2 Rising Use of Advanced Composites in Wind Energy and Automotive Industries
5.2 Market Restraints
5.2.1 High Cost and Recyclability Issues of Advanced Composites
5.3 Market Opportunities
5.3.1 Increasing Demand for Nanocomposites
5.4 Future Trends
5.4.1 Rise in Adoption of Biocomposites
5.5 Impact Analysis
6. Advanced Composites Market – Middle East & Africa Analysis
6.1 Middle East & Africa Advanced Composites Market –Volume and Forecast to 2028 (Kilo Tons)
6.2 Middle East & Africa Advanced Composites Market –Revenue and Forecast to 2028 (US$ Million)
7. Middle East & Africa Advanced Composites Market Analysis – By Fiber Type
7.1 Overview
7.2 Middle East & Africa Advanced Composites Market, By Fiber Type (2021 and 2028)
7.3 Carbon Fiber Composites
7.3.1 Overview
7.3.2 Carbon Fiber Composites: Advanced Composites Market – Revenue and Forecast to 2028 (US$ Million)
7.3.3 Carbon Fiber Composites: Advanced Composites Market – Volume and Forecast to 2028 (Kilo Tons)
7.4 Aramid Fiber Composites
7.4.1 Overview
7.4.2 Aramid Fiber Composites: Advanced Composites Market – Revenue and Forecast to 2028 (US$ Million)
7.4.3 Aramid Fiber Composites: Advanced Composites Market – Volume and Forecast to 2028 (Kilo Tons)
7.5 Glass Fiber Composites
7.5.1 Overview
7.5.2 Glass Fiber Composites: Advanced Composites Market – Revenue and Forecast to 2028 (US$ Million)
7.5.3 Glass Fiber Composites: Advanced Composites Market – Volume and Forecast to 2028 (Kilo Tons)
7.6 Others
7.6.1 Overview
7.6.2 Others: Advanced Composites Market – Volume and Forecast to 2028 (US$ Million)
7.6.3 Others: Advanced Composites Market – Revenue and Forecast to 2028 (Kilo Tons)
8. Middle East & Africa Advanced Composites Market Analysis – Matrix Type
8.1 Overview
8.2 Middle East & Africa Advanced Composites Market, By Matrix Type (2021 and 2028)
8.3 Epoxy Resin
8.3.1 Overview
8.3.2 Epoxy Resin: Advanced Composites Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Phenolics
8.4.1 Overview
8.4.2 Phenolics: Advanced Composites Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Polyester Resin
8.5.1 Overview
8.5.2 Polyester Resin: Advanced Composites Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Polyurethane Resin
8.6.1 Overview
8.6.2 Polyurethane Resin: Advanced Composites Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Polyphenylene Sulfide (PPS)
8.7.1 Overview
8.7.2 Polyphenylene Sulfide (PPS): Advanced Composites Market – Revenue and Forecast to 2028 (US$ Million)
8.8 Polyetherimide (PEI):
8.8.1 Overview
8.8.2 Polyetherimide (PEI): Advanced Composites Market – Revenue and Forecast to 2028 (US$ Million)
8.9 Others
8.9.1 Overview
8.9.2 Others: Advanced Composites Market – Revenue and Forecast to 2028 (US$ Million)
9. Middle East & Africa Advanced Composites Market Analysis – By End-Use Industry
9.1 Overview
9.2 Middle East & Africa Advanced Composites Market, By End-Use Industry (2021 and 2028)
9.3 Aerospace and Defense
9.3.1 Overview
9.3.2 Aerospace and Defense: Advanced Composites Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Automotive
9.4.1 Overview
9.4.2 Automotive: Advanced Composites Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Wind Energy
9.5.1 Overview
9.5.2 Wind Energy: Advanced Composites Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Building and Construction
9.6.1 Overview
9.6.2 Building and Construction: Advanced Composites Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Electrical and Electronics
9.7.1 Overview
9.7.2 Electrical and Electronics: Advanced Composites Market– Revenue and Forecast to 2028 (US$ Million)
9.8 Others
9.8.1 Overview
9.8.2 Others: Advanced Composites Market – Revenue and Forecast to 2028 (US$ Million)
10. Middle East & Africa Advanced Composites Market – Country Analysis
10.1 Overview
10.1.1 Middle East & Africa: Advanced Composites Market, by Key Country
10.1.1.1 South Africa: Advanced Composites Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.2 South Africa: Advanced Composites Market –Volume and Forecast to 2028 (Kilo Tons)
10.1.1.2.1 South Africa: Advanced Composites Market, by Fiber Type
10.1.1.2.2 South Africa: Advanced Composites Market, by Fiber Type
10.1.1.2.3 South Africa: Advanced Composites Market, by Matrix Type
10.1.1.2.4 South Africa: Advanced Composites Market, by End-Use Industry
10.1.1.3 Saudi Arabia: Advanced Composites Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.4 Saudi Arabia: Advanced Composites Market –Volume and Forecast to 2028 (Kilo Tons)
10.1.1.4.1 Saudi Arabia: Advanced Composites Market, by Fiber Type
10.1.1.4.2 Saudi Arabia: Advanced Composites Market, by Fiber Type
10.1.1.4.3 Saudi Arabia: Advanced Composites Market, by Matrix Type
10.1.1.4.4 Saudi Arabia: Advanced Composites Market, by End-Use Industry
10.1.1.5 UAE: Advanced Composites Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.6 UAE: Advanced Composites Market –Volume and Forecast to 2028 (Kilo Tons)
10.1.1.6.1 UAE: Advanced Composites Market, by Fiber Type
10.1.1.6.2 UAE: Advanced Composites Market, by Fiber Type
10.1.1.6.3 UAE: Advanced Composites Market, by Matrix Type
10.1.1.6.4 UAE: Advanced Composites Market, by End-Use Industry
10.1.1.7 Rest of Middle East & Africa: Advanced Composites Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.8 Rest of Middle East & Africa: Advanced Composites Market –Volume and Forecast to 2028 (Kilo Tons)
10.1.1.8.1 Rest of Middle East & Africa: Advanced Composites Market, by Fiber Type
10.1.1.8.2 Rest of Middle East & Africa: Advanced Composites Market, by Fiber Type
10.1.1.8.3 Rest of Middle East & Africa: Advanced Composites Market, by Matrix Type
10.1.1.8.4 Rest of Middle East & Africa: Advanced Composites Market, by End-Use Industry
11. Industry Landscape
11.1 Overview
11.2 Merger and Acquisition
11.3 Expansion
11.4 Other Business Strategies
12. Company Profiles
12.1 Avient Corp
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Toray Industries Inc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Teijin Ltd
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 SGL Carbon SE
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Owens Corning
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Solvay SA
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Johns Manville Corp
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Ensinger GmbH
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Mitsubishi Chemical Corp
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Middle East & Africa Advanced Composites Market –Volume and Forecast to 2028 (Kilo Tons)
Table 2. Middle East & Africa Advanced Composites Market –Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa Advanced Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. South Africa Advanced Composites Market, by Fiber Type – Volume and Forecast to 2028 (Kilo Tons)
Table 5. South Africa Advanced Composites Market, by Matrix Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. South Africa Advanced Composites Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 7. Saudi Arabia Advanced Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Saudi Arabia Advanced Composites Market, by Fiber Type – Volume and Forecast to 2028 (Kilo Tons)
Table 9. Saudi Arabia Advanced Composites Market, by Matrix Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Saudi Arabia Advanced Composites Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 11. UAE Advanced Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. UAE Advanced Composites Market, by Fiber Type – Volume and Forecast to 2028 (Kilo Tons)
Table 13. UAE Advanced Composites Market, by Matrix Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. UAE Advanced Composites Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 15. Rest of Middle East & Africa Advanced Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 16. Rest of Middle East & Africa Advanced Composites Market, by Fiber Type – Volume and Forecast to 2028 (Kilo Tons)
Table 17. Rest of Middle East & Africa Advanced Composites Market, by Matrix Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Middle East & Africa Advanced Composites Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 19. Glossary of Terms
LIST OF FIGURES
Figure 1. Middle East & Africa Advanced Composites Market Segmentation
Figure 2. Middle East & Africa Advanced Composites Market Segmentation – By Country
Figure 3. Middle East & Africa Advanced Composites Market Overview
Figure 4. Middle East & Africa Advanced Composites Market, By Fiber Type
Figure 5. Middle East & Africa Advanced Composites Market, by Country
Figure 6. Porter's Five Forces Analysis
Figure 7. Middle East & Africa Advanced Composites Market Ecosystem
Figure 8. Expert Opinion
Figure 9. Middle East & Africa Advanced Composites Market Impact Analysis of Drivers and Restraints
Figure 10. Middle East & Africa Advanced Composites Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 11. Middle East & Africa Advanced Composites Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Middle East & Africa Advanced Composites Market Revenue Share, By Fiber Type (2021 and 2028)
Figure 13. Carbon Fiber Composites: Middle East & Africa Advanced Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. Carbon Fiber Composites: Middle East & Africa Advanced Composites Market – Volume and Forecast To 2028 (Kilo Tons)
Figure 15. Aramid Fiber Composites: Middle East & Africa Advanced Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. Aramid Fiber Composites: Middle East & Africa Advanced Composites Market – Volume and Forecast To 2028 (Kilo Tons)
Figure 17. Glass Fiber Composites: Middle East & Africa Advanced Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. Glass Fiber Composites: Middle East & Africa Advanced Composites Market – Revenue and Forecast To 2028 (Kilo Tons)
Figure 19. Others: Middle East & Africa Advanced Composites Market – Volume and Forecast To 2028 (US$ Million)
Figure 20. Others: Middle East & Africa Advanced Composites Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 21. Middle East & Africa Advanced Composites Market Revenue Share, By Matrix Type (2021 and 2028)
Figure 22. Epoxy Resin: Middle East & Africa Advanced Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 23. Phenolics: Middle East & Africa Advanced Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 24. Polyester Resin: Middle East & Africa Advanced Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. Polyurethane Resin: Middle East & Africa Advanced Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 26. Polyphenylene Sulfide (PPS): Middle East & Africa Advanced Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 27. Polyetherimide (PEI): Middle East & Africa Advanced Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 28. Others: Middle East & Africa Advanced Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 29. Middle East & Africa Advanced Composites Market Revenue Share, By End-Use Industry (2021 and 2028)
Figure 30. Aerospace and Defense: Middle East & Africa Advanced Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 31. Automotive: Middle East & Africa Advanced Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 32. Wind Energy: Middle East & Africa Advanced Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 33. Building and Construction: Middle East & Africa Advanced Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 34. Electrical and Electronics: Middle East & Africa Advanced Composites Market– Revenue and Forecast To 2028 (US$ Million)
Figure 35. Others: Middle East & Africa Advanced Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 36. Middle East & Africa: Advanced Composites Market, by Key Country – Revenue (2021) (US$ Million)
Figure 37. Middle East & Africa: Advanced Composites Market Revenue Share, by Key Country (2021 and 2028)
Figure 38. South Africa: Advanced Composites Market –Revenue and Forecast to 2028 (US$ Million)
Figure 39. South Africa: Advanced Composites Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 40. Saudi Arabia: Advanced Composites Market –Revenue and Forecast to 2028 (US$ Million)
Figure 41. Saudi Arabia: Advanced Composites Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 42. UAE: Advanced Composites Market –Revenue and Forecast to 2028 (US$ Million)
Figure 43. UAE: Advanced Composites Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 44. Rest of Middle East & Africa: Advanced Composites Market –Revenue and Forecast to 2028 (US$ Million)
Figure 45. Rest of Middle East & Africa: Advanced Composites Market –Volume and Forecast to 2028 (Kilo Tons)
- Avient Corp
- Ensinger GmbH
- Johns Manville Corp
- Mitsubishi Chemical Corp
- Owens Corning
- SGL Carbon SE
- Solvay SA
- Teijin Ltd
- Toray Industries Inc
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa advanced composites market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa advanced composites market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the advanced composites market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution