Reliable Data You Can Trust
Reliable Data You Can Trust
A recent
report ongoing study by Infinium Global Research on the fiberglass composites
market provides an in-depth analysis of segments and sub-segments in the GCC as
well as regional fiberglass composites market. The study also highlights the
impact of drivers, restraints, and macro indicators on the GCC and regional
fiberglass composites market over the short term as well as long term. The
report is a comprehensive presentation of trends, forecasts, and dollar values of
the GCC fiberglass composites market. According to the report, the GCC
fiberglass composites market is projected to grow at a significant CAGR over
the forecast period of 2022-2028.
The GCC
fiberglass composites market was valued with a significant CAGR during the
forecast period. Fiberglass composites are made of a mix of plastics, glass,
and wood fibers. As a result, the energy efficiency of a composite frame
depends on the materials it's a product of. Fiberglass is of assorted types a
number of them are Roving Fiberglass, Chopped Fiberglass, Yarn Fiberglass, and
Others. Composites are also called as Fiber-Reinforced Polymer composites and
are made of a polymer matrix that's reinforced with an engineered, man-made, or
natural fiber or other reinforcing material. Fiberglass composite is made by
combining two or more materials that have quite different properties. The
various materials work together to administer the composite unique properties.
Increased
use of fiberglass composites in the automotive industry will propel the growth
of the market during the forecast period. Stringent regulations have been
imposed on the automotive industry to reduce carbon dioxide emissions. This has
encouraged the industry to introduce fuel-efficient lightweight vehicles to
help reduce greenhouse gas emissions. Improvement in the manufacturing sector
along with huge investment in industrial infrastructure has helped to boost the
development of fiberglass technologies significantly, in the GCC countries. The
major restraint to the growth of the GCC fiberglass composites market is the
recycling of glass wool. Proper disposable techniques are required to dispose
of glass wool material, along with the mask and protective clothing for the
physical safety of the personnel involved in the disposal process.
In terms of
region, the GCC fiberglass composites market is segmented into Saudi Arabia,
Kuwait, UAE, Qatar, Bahrain, and Oman. Saudi Arabia and Qatar hold a significant
market share, because of the rising urbanization, and booming manufacturing
sector in the region. Moreover, the rising utilization of fiberglass composites
for the development of defense infrastructure in Bahrain due to its high
durability will drive the growth of the GCC region. The UAE is expected to
dominate the market during the forecast period as it is the largest market for
fiberglass composite materials. Increasing presence and investment in Research
and Development from major players in this sector will enhance the market
growth in the GCC region. The rising developments in the construction industry,
protective coatings, automotive industry, and plastic coating sectors will
propel the growth of the market in the GCC region.
The report
on the GCC fiberglass composites market covers segments such as type and
application. On the basis of type, the sub-markets include roving fiberglass,
chopped fiberglass, yarn fiberglass, and others. On the basis of application,
the sub-markets include construction, automotive, and others.
The report
provides profiles of the companies in the market such as Braj Binani Group,
Jiangsu Changhai Composite Materials Co. Ltd, Kemrock Industries and Exports
Limited, Chongqing Polycomp International Corp., China Beihai Fiberglass Co.
Ltd., Saint-Gobain India Private Limited, Sichuan Weibo, Saertex India Pvt.
Ltd., Taishan Fiberglass Inc, and Owens Corning India Ltd.
The report
provides deep insights into the demand forecasts, market trends, and micro and
macro indicators. In addition, this report provides insights into the factors
that are driving and restraining the growth in this market. Moreover, The
IGR-Growth Matrix analysis given in the report brings an insight into the
investment areas that existing or new market players can consider. The report
provides insights into the market using analytical tools such as Porter's five
forces analysis and DRO analysis of the GCC fiberglass composites market.
Moreover, the study highlights current market trends and provides forecasts for
2022-2028. We also have highlighted future trends in the market that will
affect the demand during the forecast period. Moreover, the competitive
analysis given in each regional market brings an insight into the market share
of the leading players.
Please Choose One of them.