Middle East & Africa Plastics for Composites Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type [Thermoset (Polyester, Vinyl Ester, Epoxy, Polyurethane, and Others) and Thermoplastic (Polypropylene, Polyethylene, Polyvinylchloride, Polystyrene, Polyethylene Terephthalate, Polycarbonate, and Others)] and Technology (Injection Molding, Compression Molding, Pultrusion, Resin Infusion, and Others)
The Middle East & Africa plastics for composites market is expected to grow from US$ 897.15 million in 2022 to US$ 1,074.63 million by 2028; it is estimated to grow at a CAGR of 3.1% from 2022 to 2028.
Functions of Plastic-Based Composites in Wind Energy Sector is fueling the Middle East & Africa Plastics for Composites Market
Rapid developments in material technology have been supporting variations in the structure of wind turbines. Many of these variations were primarily introduced to lower the prices of turbines. Factors such as mechanical equipment, corrosion resistance, fatigue resistance, breaking toughness, rigidity, weight, and appearance of wind turbines significantly impact their operations. Glass fiber-reinforced plastics (GRP) are the most used type of composite material in wind turbine manufacturing. Good mechanical properties and corrosion resistance, high temperature tolerance, simplified manufacturing, and favorable cost are the major benefits conferred by GRPs. These are developing opportunities for the future growth of the plastics for composites market.
Middle East & Africa Plastics for Composites Market Overview
The Middle East & Africa plastics for composites market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The countries in the region are rapidly developing their public infrastructure, including airports, hospitals, and administrative buildings. The construction of commercial infrastructure has upsurged due to the rising tourism industry and the growing immigrant population. In the coming years, the plastics for composites market in the Middle East & Africa is expected to grow due to the continuous rise in spending on research and development activities in the aerospace sector by prominent players in the region. Rapid urbanization has resulted in a shifting preference toward air travel and increased aircraft deliveries, which is anticipated to propel product penetration. Moreover, the aviation industry in the region is fuelled by several drivers, such as, rapid industrialization and growth in disposable income resulting in more passengers opting for air travel. Growing manufacturing of aircraft and aircraft components in the region is expected to drive the composites market in the Middle East & Africa, which is projected to boost the demand for plastics for composites during the forecast period.
Middle East & Africa Plastics for Composites Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Plastics for Composites Market Segmentation
The Middle East & Africa plastics for composites market is segmented based on type, technology, and country. Based on type, the Middle East & Africa plastics for composites market is bifurcated into thermoset and thermoplastic. The thermoset cylinders segment held a larger market share in 2022. Further, thermoset is segmented into polyester, vinyl ester, epoxy, polyurethane, and others. Further, thermoplastic is segmented into polypropylene, polyethylene, polyvinylchloride, polystyrene, polyethylene terephthalate, polycarbonate, and others.
Based on technology, the Middle East & Africa plastics for composites market is segmented into injection molding, compression molding, pultrusion, resin infusion, and others. The others segment held the largest market share in 2022.
Based on country, the Middle East & Africa plastics for composites market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the market share in 2022.
Lanxess AG; Convestro AG; Celanese Corp; Basf SE; Evonik Industries AG; Solvay SA; Saudi Basic Industries Corp; and Arkema SA are the leading companies operating in the Middle East & Africa plastics for 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 Plastics for Composites Market, by Type
1.3.2 Middle East Africa Plastics for Composites Market, by Technology
1.3.3 Middle East Africa Plastics for 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 Plastics for Composites Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Middle East Africa Plastics for Composites Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Budding Demand for Lightweight Materials in Aerospace and Automotive Industries
5.1.2 Flourishment of Erection Industry
5.2 Market Restraints
5.2.1 Issues Correlated to Recycling of Thermoset Plastics
5.3 Market Opportunities
5.3.1 Functions of Plastic-Based Composites in Wind Energy Sector
5.4 Future Trends
5.4.1 Utilization of Bio-Based Plastics for Composites
5.5 Impact Analysis
6. Plastics for Composites – Middle East Africa Market Analysis
6.1 Middle East Africa Plastics for Composites Market –Revenue and Forecast to 2028 (US$ Million)
7. Middle East Africa Plastics for Composites Market Analysis – By Type
7.1 Overview
7.2 Plastics for Composites Market, By Type (2021 and 2028)
7.3 Thermoset
7.3.1 Overview
7.3.2 Thermoset: Plastics for Composites Market – Revenue and Forecast to 2028 (US$ Million)
7.3.3 Polyester
7.3.3.1 Overview
7.3.3.2 Polyester: Plastics for Composites Market – Revenue and Forecast to 2028 (US$ Million)
7.3.4 Vinyl Ester
7.3.4.1 Overview
7.3.4.2 Vinyl Ester: Plastics for Composites Market – Revenue and Forecast to 2028 (US$ Million)
7.3.5 Epoxy
7.3.5.1 Overview
7.3.5.2 Epoxy: Plastics for Composites Market – Revenue and Forecast to 2028 (US$ Million)
7.3.6 Polyurethane
7.3.6.1 Overview
7.3.6.2 Polyurethane: Plastics for Composites Market – Revenue and Forecast to 2028 (US$ Million)
7.3.7 Others
7.3.7.1 Overview
7.3.7.2 Others: Plastics for Composites Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Thermoplastic
7.4.1 Overview
7.4.2 Thermoplastic: Plastics for Composites Market – Revenue and Forecast to 2028 (US$ Million)
7.4.3 Polypropylene
7.4.3.1 Overview
7.4.3.2 Polypropylene: Plastics for Composites Market – Revenue and Forecast to 2028 (US$ Million)
7.4.4 Polyethylene
7.4.4.1 Overview
7.4.4.2 Polyethylene: Plastics for Composites Market – Revenue and Forecast to 2028 (US$ Million)
7.4.5 Polyvinylchloride
7.4.5.1 Overview
7.4.5.2 Polyvinylchloride: Plastics for Composites Market – Revenue and Forecast to 2028 (US$ Million)
7.4.6 Polystyrene
7.4.6.1 Overview
7.4.6.2 Polystyrene: Plastics for Composites Market – Revenue and Forecast to 2028 (US$ Million)
7.4.7 Polyethylene Terephthalate
7.4.7.1 Overview
7.4.7.2 Polyethylene Terephthalate: Plastics for Composites Market – Revenue and Forecast to 2028 (US$ Million)
7.4.8 Polycarbonate
7.4.8.1 Overview
7.4.8.2 Polycarbonate: Plastics for Composites Market – Revenue and Forecast to 2028 (US$ Million)
7.4.9 Others
7.4.9.1 Overview
7.4.9.2 Others: Plastics for Composites Market – Revenue and Forecast to 2028 (US$ Million)
8. Middle East Africa Plastics for Composites Market Analysis – By Technology
8.1 Overview
8.2 Plastics for Composites Market, By Technology (2021 and 2028)
8.3 Injection Molding
8.3.1 Overview
8.3.2 Injection Molding: Plastics for Composites Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Compression Molding
8.4.1 Overview
8.4.2 Compression Molding: Plastics for Composites Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Pultrusion
8.5.1 Overview
8.5.2 Pultrusion: Plastics for Composites Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Resin Infusion
8.6.1 Overview
8.6.2 Resin Infusion: Plastics for Composites Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: Plastics for Composites Market – Revenue and Forecast to 2028 (US$ Million)
9. Middle East Africa Plastics for Composites Market – by Country Analysis
9.1 Middle East and Africa: Plastics for Composites Market
9.1.1 Middle East and Africa: Plastics for Composites Market, by Key Country
9.1.1.1 South Africa: Plastics for Composites Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 South Africa: Plastics for Composites Market, By Type
9.1.1.1.2 South Africa: Plastics for Composites Market, by Technology
9.1.1.2 UAE: Plastics for Composites Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 UAE: Plastics for Composites Market, By Type
9.1.1.2.2 UAE: Plastics for Composites Market, by Technology
9.1.1.3 Saudi Arabia: Plastics for Composites Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Saudi Arabia: Plastics for Composites Market, By Type
9.1.1.3.2 Saudi Arabia: Plastics for Composites Market, by Technology
9.1.1.4 Rest of Middle East and Africa: Plastics for Composites Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Rest of Middle East and Africa: Plastics for Composites Market, by Type
9.1.1.4.2 Rest of Middle East and Africa: Plastics for Composites Market, by Technology
10. Industry Landscape
10.1 Product Launch
10.2 Expansion
10.3 Partnership
10.4 Mergers and Acquisitions
11. Company Profiles
11.1 Lanxess AG
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Covestro AG
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Celanese Corp
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 BASF SE
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Evonik Industries AG
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Solvay SA
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Saudi Basic Industries Corp
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Arkema SA
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Middle East Africa Plastics for Composites Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. South Africa Plastics for Composites Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa Plastics for Composites Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 4. UAE Plastics for Composites Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. UAE Plastics for Composites Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 6. Saudi Arabia Plastics for Composites Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Saudi Arabia Plastics for Composites Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of Middle East and Africa Plastics for Composites Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of Middle East and Africa Plastics for Composites Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 10. Glossary of Terms, Global Plastics for Composites Market
LIST OF FIGURES
Figure 1. Middle East Africa Plastics for Composites Market Segmentation
Figure 2. Middle East Africa Plastics for Composites Market Segmentation – By Country
Figure 3. Middle East Africa Plastics for Composites Market Overview
Figure 4. Middle East Africa Plastics for Composites Market, By Type
Figure 5. Middle East Africa Plastics for Composites Market, by Country
Figure 6. Middle East Africa Porter's Five Forces Analysis
Figure 7. Middle East Africa Ecosystem: Plastics for Composites Market
Figure 8. Middle East Africa Expert Opinion
Figure 9. Middle East Africa Plastics for Composites Market Impact Analysis of Drivers and Restraints
Figure 10. Middle East Africa Plastics for Composites Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Middle East Africa Plastics for Composites Market Revenue Share, By Type (2021 and 2028)
Figure 12. Thermoset: Middle East Africa Plastics for Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 13. Polyester: Middle East Africa Plastics for Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. Vinyl Ester: Middle East Africa Plastics for Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. Epoxy: Middle East Africa Plastics for Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. Polyurethane: Middle East Africa Plastics for Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. Others: Middle East Africa Plastics for Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. Thermoplastic: Middle East Africa Plastics for Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Polypropylene: Middle East Africa Plastics for Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 20. Polyethylene: Middle East Africa Plastics for Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. Polyvinylchloride: Middle East Africa Plastics for Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22. Polystyrene: Middle East Africa Plastics for Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 23. Polyethylene Terephthalate: Middle East Africa Plastics for Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 24. Polycarbonate: Middle East Africa Plastics for Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. Others: Middle East Africa Plastics for Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 26. Middle East Africa Plastics for Composites Market Revenue Share, By Technology (2021 and 2028)
Figure 27. Injection Molding: Middle East Africa Plastics for Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 28. Compression Molding: Middle East Africa Plastics for Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 29. Pultrusion: Middle East Africa Plastics for Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 30. Resin Infusion: Middle East Africa Plastics for Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 31. Others: Middle East Africa Plastics for Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 32. Middle East and Africa: Plastics for Composites Market, by Key Country – Revenue (2021) (US$ Million)
Figure 33. Middle East and Africa: Plastics for Composites Market Revenue Share, by Key Country (2021 and 2028)
Figure 34. South Africa: Plastics for Composites Market –Revenue and Forecast to 2028 (US$ Million)
Figure 35. UAE: Plastics for Composites Market –Revenue and Forecast to 2028 (US$ Million)
Figure 36. Saudi Arabia: Plastics for Composites Market –Revenue and Forecast to 2028 (US$ Million)
Figure 37. Rest of Middle East and Africa: Plastics for Composites Market –Revenue and Forecast to 2028 (US$ Million)
- Lanxess AG
- Convestro AG
- Celanese Corp
- Basf SE
- Evonik Industries AG
- Solvay SA
- Saudi Basic Industries Corp
- Arkema SA
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa plastics for 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 plastics for 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 Middle East & Africa plastics for 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