Reliable Data You Can Trust
Reliable Data You Can Trust
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.
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.
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.
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.
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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