Middle East & Africa High Performance Fibers Market Size & Outlook
Middle East & Africa high performance fibers market, 2017-2030 (US$M)
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MEA high performance fibers market highlights
- The MEA high performance fibers market generated a revenue of USD 383.4 million in 2021.
- The market is expected to grow at a CAGR of 6.1% from 2022 to 2030.
- In terms of segment, aramid fiber was the largest revenue generating product in 2021.
- M5/PIPD is the most lucrative product segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2021 | USD 383.4 million |
| Market revenue in 2030 | USD 654.3 million |
| Growth rate | 6.1% (CAGR from 2021 to 2030) |
| Largest segment | Aramid fiber |
| Fastest growing segment | M5/PIPD |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Carbon Fiber, Polybenzimidazole (PBI), Aramid Fiber, M5/PIPD, Polybenzoxazole (PBO), Glass Fiber, High Strength Polyethylene, Others Products |
| Key market players worldwide | Toray Industries Inc, DuPont de Nemours Inc, Teijin Ltd, Toyobo Co Ltd, DSM Firmenich AG, Kernel Holding SA, Kolon Industries, Huvis |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.2% of the global high performance fibers market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 7,629.4 million by 2030.
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High Performance Fibers Market Scope
High Performance Fibers Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa high performance fibers 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 high performance fibers market will help companies and investors design strategic landscapes.
Aramid fiber was the largest segment with a revenue share of 38.86% in 2021. Horizon Databook has segmented the Middle East & Africa high performance fibers market based on carbon fiber, polybenzimidazole (pbi), aramid fiber, m5/pipd, polybenzoxazole (pbo), glass fiber, high strength polyethylene, others products covering the revenue growth of each sub-segment from 2017 to 2030.
Growing oil & gas industry in the Middle East region is expected to drive the demand for Personal Protective Equipment (PPE) over the forecast period. Moreover, growing concern regarding occupational injury and illness cases coupled with stringent industry.
Regulations is expected to drive the demand for PPE in various industries including agriculture, construction, fire services, and healthcare. Recent developments in Ebola treatment in various regions of Africa are also expected to drive the demand for PPE in the region over the forecast period.
Robust growth in the PPE market will fuel the demand for high performance fibers especially aramid fibers over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa high performance fibers market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa high performance fibers market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa High Performance Fibers Market Outlook Share, 2021 & 2030 (US$M)
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