Middle East & Africa Epoxy Composite Market Size & Outlook
Middle East & Africa epoxy composite market, 2017-2028 (US$M)
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MEA epoxy composite market highlights
- The MEA epoxy composite market generated a revenue of USD 1,533.3 million in 2020.
- The market is expected to grow at a CAGR of 6.5% from 2021 to 2028.
- In terms of segment, glass fiber was the largest revenue generating fiber type in 2020.
- Carbon Fiber is the most lucrative fiber type segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2021 to 2028.
MEA data book summary
| Market revenue in 2020 | USD 1,533.3 million |
| Market revenue in 2028 | USD 2,542.0 million |
| Growth rate | 6.5% (CAGR from 2020 to 2028) |
| Largest segment | Glass fiber |
| Fastest growing segment | Carbon Fiber |
| Historical data covered | 2017 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Glass Fiber, Carbon Fiber, Other Fibers |
| Key market players worldwide | Teijin Ltd, Toray Industries Inc, Huntsman Corp, SGL Group, Hexcel Corp, Solvay SA, Park Aerospace Corp, Arkema SA, Avient Corp, Olin Corp |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.4% of the global epoxy composite market in 2020.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 22,217.8 million by 2028.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Epoxy Composite Market Scope
Epoxy Composite Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa epoxy composite market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to epoxy composite market will help companies and investors design strategic landscapes.
Glass fiber was the largest segment with a revenue share of 60.2% in 2020. Horizon Databook has segmented the Middle East & Africa epoxy composite market based on glass fiber, carbon fiber, other fibers covering the revenue growth of each sub-segment from 2017 to 2028.
The Middle East & Africa includes countries such as Saudi Arabia, South Africa, the UAE, Egypt, etc. The region accounts for less than 10% of the global population and has 60% of the world’s oil reserves and 45% of the world’s natural gas reserves.
Owing to the region’s substantial petroleum and natural gas reserves, MEA is considered an energy hub of the world. Geopolitical tensions existing in the region are anticipated to have a negative impact on the economic stability in the region.
The region’s impact on global economic system is weak when compared to the impact of other regions across the globe. Just like any other region in the world, the Middle East was also affected negatively owing to the spread of coronavirus.
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Target buyers of Middle East & Africa epoxy composite market databook
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Our clientele includes a mix of epoxy composite market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa epoxy composite market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa epoxy composite market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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MEA epoxy composite market size, by country, 2017-2028 (US$M)
Middle East & Africa Epoxy Composite Market Outlook Share, 2020 & 2028 (US$M)
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