GCC High Performance Composites Market (Material - Resins, and Fibers; End Users - Automotive, Aerospace, Consumer Goods, Electronics, Energy, and Others): GCC Industry Analysis, Trends, Size, Share and Forecasts to 2027

GCC High Performance Composites Market (Material - Resins, and Fibers; End Users - Automotive, Aerospace, Consumer Goods, Electronics, Energy, and Others): GCC Industry Analysis, Trends, Size, Share and Forecasts to 2027

Report Code: GCC034 Region: GCC Published: April, 2022

A recent report ongoing study by Infinium Global Research on GCC high performance composites market provides in-depth analysis of segments and sub-segments in the GCC as well as regional high performance composites market. The study also highlights the impact of drivers, restraints, and macro indicators on the GCC and regional high performance composites market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of GCC high performance composites market. According to the report, the GCC high performance composites market is projected to grow at a significant CAGR over the forecast period of 2021-2027.

Market Insight

Composites are made up of two independent components: fibre and resin. The unique substance, which has properties that distinguish it from fibre and resin, is characterised by high stiffness and strength stiffness and also low weight. The fibres are formed of carbon and glass fibres, while the matrix is made of thermosetting and thermoplastic polymers. HPCs are complex materials made consisting of a matrix made up of metals, ceramics, polymers, and other materials, as well as reinforcements made up of particles, fillers, fibres, and other components. the oriented continuous fibres are used as reinforcements for determining the strength and modulus in high performance composites.

The extensive and distinct properties of high Performance composites such as high tensile strength, durability, non-corrosive, lightweight, high pressure capability have made it suitable in a wide range of applications. Thus, these properties of high performance composites have led to its high demand across industries in GCC countries. This factor is majorly driving the growth of the market. The demand from the end user industries is also rapidly growing in the GCC region. The GCC countries are focusing on renewable energy and thus are adopting new modes of energy such as wind and solar energy. Therefore high performance composites have received a huge boost. Furthermore, GCC countries are focusing on their space programs and developing relative technologies, therefore demand for high performance composites from aerospace industries of GCC countries is also growing. High cost of production is the only factor restraining the growth of the market. This factor could limit the market in several ways. Nonetheless, as the investment in R & D of new composites is growing, new opportunities will emerge in the market.

SABIC of Saudi Arabia is one of the major players in high performance composites market in the world. Thus, strong production base of high performance composites in Saudi Arabia makes it a dominant country in the region. Saudi Arabia offers limitless opportunities for the market players as the renewable and aerospace industries are flourishing in the region. These industries are expected to form the major share of demand for high performance composites in Saudi Arabia. Saudi Arabia is investing heavily on its space program for developing it and making it one of the best in the world. As the aerospace industry in Saudi Arabia grows the demand is likely to grow for high performance composites in Saudi Arabia. The renewed focus of Saudi Arabia on enhancing its renewable energy sector also offer growth opportunities to the market as high performance composites are used in wind turbines.

GCC High Performance Composites Market

Segment Covered

The report on GCC high performance composites market covers segments such as material, and end users. On the basis of material, the sub-markets include resins, and fibers. On the basis of end users, the sub-markets include automotive, aerospace, consumer goods, electronics, energy, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as SABIC, Toray Industries, Inc., BASF SE, Solvay S.A., Koninklijke TenCate NV, Teijin Limited, Huntsman International LLC, Arkema, AGY, and Others.

Report Highlights:

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 GCC high performance composites market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. 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.


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