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.
Please Choose One of them.