Middle East and Africa Epoxy Composites Market, By Type (Glass Fiber, Cotton Fiber, Paper Fiber), Resin Type (Epoxy Resin, Phenolic Resin, Melamine Resin), Manufacturing Process (Layup Process, Compression Molding Process, Resin Injection Molding Process, Resin Transfer Molding Process, Filament Winding Process, Pultrusion Process), End User (Wind Energy, Aerospace and Defense, Sporting Goods, Automotive and Transportation, Electrical and Electronics, Pipe and Tank, Marine, Others), Country (United Arab Emirates, Saudi Arabia, Israel, South Africa, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Middle East and Africa Epoxy Composites Market
Data Bridge Market Research analyses that Middle East and Africa epoxy composites market will witness the CAGR of 6.2% for the forecast period of 2021-2028 and is expected to reach the USD 4,045.16 million by 2028.
Epoxy composites are high-grade composite materials that are lighter in weight and corrosion resistant and flexible and resistant to dents. It is usually manufactured from woven glass fabric and nonwoven glass core, a blend of epoxy resin synthetic.
The increase in the demand from wind energy industry and rising requirement for material with lightweight, high mechanical strength and resistance against corrosion are the factors that will cushion the market growth rate. Furthermore, upsurge in the demand for epoxy composites from automotive, transportation, aerospace and defense industries and the increase in the need from developing countries will accelerate the market growth rate. Likewise, these products' various advantages, including excellent adhesion, UV resistance, heat resistance, and chemical resistance, will act as major drivers influencing the epoxy composites market growth rate.
Moreover, the growing acceptance of low cost production technologies and the rising wind energy industry in emerging countries will provide beneficial opportunities for the epoxy composites market growth.
On the other hand, the rise in the instability in raw material costs, growing popularity of alternative resins and the various issues related to remouldability and recyclability are the factors that will hamper the growth of the market. Also, the rise in the price of raw material and research and advancement activities and reduced production cycle time of epoxy composite parts will challenge the growth rate of epoxy composites market.
This Middle East and Africa epoxy composites market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on Middle East and Africa epoxy composites market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Middle East and Africa Epoxy Composites Market Scope and Market Size
The Middle East and Africa epoxy composites market is segmented on the basis of type, resin type, manufacturing process and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the epoxy composites market is segmented into glass fiber, cotton fiber and paper fiber.
- On the basis of resin type, the epoxy composites market is segmented into epoxy resin, phenolic resin and melamine resin.
- On the basis of manufacturing process, the epoxy composites market is segmented into layup process, compression molding process, resin injection molding process, resin transfer molding process, filament winding process and pultrusion process.
- On the basis of end user, the epoxy composites market is segmented into wind energy, aerospace and defense, sporting goods, automotive and transportation, electrical and electronics, pipe and tank, marine and others.
Middle East and Africa Epoxy Composites Market Country Level Analysis
Middle East and Africa epoxy composites market is analysed and market size, volume information is provided by country, type, resin type, manufacturing process and end user as referenced above.
The countries covered in the Middle East and Africa epoxy composites market report are United Arab Emirates, Saudi Arabia, Israel, South Africa, Egypt, Rest of Middle East and Africa.
The country section of the Middle East and Africa epoxy composites market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Middle East and Africa Epoxy Composites Market Share Analysis
The Middle East and Africa epoxy composites market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Middle East and Africa epoxy composites market.
The major players covered in the Middle East and Africa epoxy composites market report are ISOSPORT Verbundbauteile GmbH, Huntsman International LLC., Solvay, Owens Corning, Hexcel Corporation, Rotec Composite Group B.V., Scott Bader Company Ltd., Gurit, SGL Carbon, Sumitomo Bakelite Co., Ltd., IDI Composites International, Mitsubishi Chemical Holdings Corporation, TORAY INDUSTRIES, INC., TEIJIN LIMITED, and TPI Composites, among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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