Saudi Arabia Epoxy Composite Market Size & Outlook
Saudi Arabia epoxy composite market, 2017-2028 (US$M)
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Saudi Arabia epoxy composite market highlights
- The Saudi Arabia epoxy composite market generated a revenue of USD 618.4 million in 2020 and is expected to reach USD 1,046.9 million by 2028.
- The Saudi Arabia market is expected to grow at a CAGR of 6.8% 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.
Epoxy composite market data book summary
| Market revenue in 2020 | USD 618.4 million |
| Market revenue in 2028 | USD 1,046.9 million |
| Growth rate | 6.8% (CAGR from 2020 to 2028) |
| Largest segment | Glass fiber |
| Fastest growing segment | Carbon Fiber |
| Historical data | 2017 - 2019 |
| Base year | 2020 |
| Forecast period | 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, Saudi Arabia accounted for 2.2% of the global epoxy composite market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Middle East & Africa, Saudi Arabia epoxy composite market is projected to lead the regional market in terms of revenue in 2028.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,046.9 million by 2028.
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Epoxy Composite Market Scope
Epoxy Composite Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia 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 61.51% in 2020. Horizon Databook has segmented the Saudi Arabia epoxy composite market based on glass fiber, carbon fiber, other fibers covering the revenue growth of each sub-segment from 2017 to 2028.
Saudi Arabia is the largest economy in the Middle East and has an oil-based economy, which is controlled by the government. The country has enormous petroleum reserves and is the largest exporter of petroleum in the world.
The Saudi Arabian government, in 2016 launched the ‘Saudi Vision 2030’ to reduce the country’s dependency on oil and diversify its economic resources.
Foreign direct investments are being increased in the country since 2019 owing to increasing number of new licenses approved for foreign businesses.
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Target buyers of Saudi Arabia 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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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 country-level data and insights on the Saudi Arabia epoxy composite market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia epoxy composite market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Saudi Arabia epoxy composite market size, by fiber type, 2017-2028 (US$M)
Saudi Arabia Epoxy Composite Market Outlook Share, 2020 & 2028 (US$M)
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