A recent report ongoing by Infinium Global Research on the MENA high performance composites market provides in-depth analysis of segments and sub-segments in the MENA as well as regional high performance composites market. The study also highlights the impact of drivers, restraints, and macro indicators on the MENA 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 the MENA high performance composites market. According to the report, the MENA high performance composites market is projected to grow at a significant CAGR over the forecast period of 2021-2027.
MENA high performance composites are made up of two different components namely Fiber and resin. The one-of-a-kind composites are characterized by resin and fiber by their lightweight as well as high rigidity and strong stiffness. Matrix is made up of thermosetting and thermoplastic polymers while fibers are made up of glass, aramid, and carbon fibers. MENA high performance composites are made up of materials such as a matrix formed of ceramics, polymers, metals, and other materials while reinforcements are made up of fillers, fibers, particles, and other materials. Oriented continuous fibers are used as reinforcements in high performance composites for determining the modulus and strength.
The MENA high performance composites have unparalleled and extensive properties as compared to certain metals and their alloys such as their lightweight, strong durability, stiffness, rigidity, strength, non-corrosiveness, and others. These unique properties of MENA high performance composites make them desirable for applications in Aerospace and Defense, Energy, Automotive, Electronics, and others. As the scope of these industries is growing the demand for more robust and light weight materials is growing which strengthens the structure and offers unmatched performance. Therefore, the demand for MENA high performance composites market is growing from the end user industries. As time progresses, new applications for the MENA high performance composites market are emerging in these industries. The only restraining factor is the high cost involved in the production of the MENA high performance composites market. A high level of technology needs to be employed in its production which comes at a very high cost. New opportunities are expected to rise as the market players are focusing on investing in the research and development of the new MENA high performance composites market.
Israel is expected to be the largest MENA high performance composites market in the MENA region. Israel is one of the strongest economies in the MENA region. The aerospace and Defense Industry of Israel is comparatively large as compared to other countries in the MENA region and is on par with the global level industries. Israel Aerospace Industries and Elbit Systems are some of the well renowned aerospace and defense companies in the world which are located in Israel. Also, it happens to be that these two companies are also the leading manufacturers of high performance composites in Israel. The high demand from end user industries in Israel is the major driver of the market in the country. The high performance composites find their applications in drones, small sized aeroplanes, missile systems, rocket systems, tanks, armored vehicles, wind turbine systems and others that are manufactured in Israel. Saudi Arabia is expected to be the second largest market of high performance composites in the MENA region.
The report on MENA 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, Israel Aerospace Industries, Elbit Systems - Cyclone Ltd., Toray Industries, Inc., BASF SE, Solvay S.A., Koninklijke TenCate NV, Teijin Limited, Huntsman International LLC, and FBM composite materials 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 MENA 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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