Middle East and Africa Composites Market

Middle East and Africa Composites Market (2023-2028):

The Middle East and Africa Composites Market are expected to progress with a CAGR of over 8% in the period between 2023-2028.

Market Drivers and Restraints:

The stringent policies regarding the environment have made it difficult for plastics and opened doors for the growth of the composites market in the Middle East and Africa. The ease of handling non-utilized plastic material is also a driving factor. PE-base composites are the highest contributor in the Middle East and African region, thus they add significantly to the overall growth of the industry.
Surging demand for lightweight material in the automotive sector which will lead to fuel efficiency is also a growth factor. Composite materials also come with ease of maintenance which is preferred in the manufacturing sector.

The usage of composites in aerospace, and wind energy turbines is growing and these options often come cheap as compared to their counterparts that help in the growth of the industry. Environmental concerns have also raised the production of carbon-based composites.

The composites market industry is affected by volatile prices and alternatives. The Middle East and African region is one of the largest markets of the Composites market but the Asian Pacific region is growing the fastest. On top of this, the existing materials in the form of aluminum and steel are tried and tested and hold a firm grip in the market which restraints the growth.
Mechanical strength is also anticipated to act as a drawback and hinder the expansion of the industry.

Market Segmentation:

Middle East and Africa Composites Market - By Type:

• Glass
• Carbon
• Natural

Middle East and Africa Composites Market - By Resin:

• Thermoset composites
• Thermoplastic composites

Middle East and Africa Composites Market - By Application:

• Wind Energy
• Aerospace & Defense
• Transportation
• Metal and Mining
• Automotive

Wood-plastic composite materials are increasing in demand in the Middle East region, especially UAE. This surge in demand is likely to drive the WPC market in the Middle East.

The construction sector is also a growing segment in the Middle East and African regions. The rapid urbanization which is taking place in many Saharan and Sub-Saharan regions has sparked a demand for inflexible materials and the composites market has seen an increase in demand. The aerospace industry is rapidly growing in the Middle East and African region creating a need for lightweight and rigid materials. In this scenario, the composites market comes in handy as it solves both problems at an affordable price.

Fiberglass is the largest product segment in the Middle East and African region as it has very good bulk strength and weight properties.  

Market Geographical Analysis:

The Middle East and Africa are of prominent markets for the composites industry due to investments in the pharmaceutical sector. The importance to safe packaging has increased and plastics are becoming the second choice to composites. Middle East and African regulations are forcing OEMs to reduce the emissions of CO2 by vehicles and further regulations are expected towards fuel products in the coming years.

UAE commercial infrastructure is a booming industry as it has taken up luxury projects in the past few years. Qatar has also ramped up its infrastructure industry in preparation of the upcoming global events, this has boosted the local Wood and Plastic composite industry.

Impact of COVID-19 on the Middle East and Africa Composites Market:

The Middle East and Africa are one of the least affected regions by the COVID-19 pandemic. But due to severe impacts in the western hemisphere, the majority of the investments were put on hold and It has negatively affected the demand for composites across various end-use industries such as aerospace & defense, automotive & transportation, wind energy, construction & infrastructure, and pipes & tanks. The disruption in the supply chain resulted in delays or non-arrival of raw materials, disrupted financial flows, and declining morale among production line workers have compelled aircraft and automobile manufacturers to operate at reduced or sometimes at zero capacities. The market is expected to recover from 2021 onwards. The construction works which were supposed to be completed have been rescheduled and will likely be completed by a year later.

Market Key Players:

1. Polyplank
2. Gurit
3. Cytec Industries Inc.
4. 3B-Fiberglass
5. ResinTech Inc.

Market Key Developments:

• Toray is set to supply Carbon fiber composite material for the all-electric air vehicle of Lilium. The Munich-based company will be able to deliver clean regional air mobility by 2025.
• Gurit is set to support the Indian wind energy industry with major investments and plans to add investments in the middle east region in the future.
• Polyplank involves in manufacturing and marketing wood products which is produced from recycled thermoplastics and organic fibers.