Middle East and Africa Ceramic Matrix Composites Market

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

The Middle East and Africa Ceramic Matrix Composites Market are expected to develop at a compound annual growth rate of over 7% in the outlook period of 2023-2028

Drivers and Restraints of the MEA Ceramic Matrix Composites Market

The investment which is put into decreasing weight in automobiles will help counter the effect of growing fuel prices and reduce carbon emissions. The stringent policies regarding the environment have made it difficult for plastics and opened doors for the expansion of the ceramic matrix composites market in the Middle East and Africa. Composite materials also come with ease of maintenance which is preferred in the manufacturing sector. The increasing application of composites in end-users like aerospace, wind energy turbines, etc., is growing, and these options are relatively affordable compared to other options that support the expansion of the industry.

The wear and tear of the ceramic matrix components are very difficult to diagnose. Internal failures possess the risk of catastrophic results which is a very high risk in terms of global application is concerned. This is one of the major reasons why the market has not reached its full potential yet. The Middle East and African region are one of the largest markets of the Composites market but the Asian Pacific region is growing the fastest and more growth can be expected in the Asia Pacific region. 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.

The Ceramic Matrix Composites Market has been segmented into the following categories:

On the basis of Type:

1. Oxide-Oxide
2. C/ SiC
3. C/C
4. SiC/SiC

On the basis of End Use:

1. Industrial
2. Aerospace & Defense
3. Automotive
4. Energy and Power

The energy and power sector is one of the largest sectors in the Middle East and Africa. A lot of investment has been made to promote renewable and clean energy. The wind power sector in the Middle East and Africa is one of the best in the world in terms of technology and innovations. The construction sector is expanding at a rapid pace 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 triggering high demands for lightweight and rigid materials. In this scenario, the ceramic matrix composites market comes in handy as it solves both problems at an affordable price. Qatar has ramped up its infrastructure industry in the preparation for upcoming global events, which has boosted the local wood and plastic composite industry, promoting the demand in the ceramic matrix composites market.

Key players in the Ceramic Matrix Composites market are

1. Cytec Industries Inc.

2. Certainteed Corporation.

3. SGL Carbon

4. CoorsTek

5. Ultramet

Impact of COVID-19 on the Ceramic Matrix 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, and construction & infrastructure. The disruption in the supply chain has led to delay in the arrival of raw materials, disrupted financial flows, and decreased morale having compelled d automobile manufacturers to operate at reduced capacities, resulting in the reduced demand for composites. However, the need from the packaging industry has augmented led to improved production of such composites. The construction works that are supposed to be completed are likely to be completed by a year later.