Middle East & Africa Unidirectional Tapes Market Size & Outlook
Middle East & Africa unidirectional tapes market, 2018-2030 (US$M)
MEA unidirectional tapes market highlights
- The MEA unidirectional tapes market generated a revenue of USD 4.2 million in 2022.
- The market is expected to grow at a CAGR of 14% from 2023 to 2030.
- In terms of segment, thermoplastic ud tapes was the largest revenue generating product in 2022.
- Thermoplastic UD Tapes is the most lucrative product segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2022 | USD 4.2 million |
| Market revenue in 2030 | USD 12.0 million |
| Growth rate | 14% (CAGR from 2022 to 2030) |
| Largest segment | Thermoplastic ud tapes |
| Fastest growing segment | Thermoplastic UD Tapes |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Thermoset UD Tapes, Thermoplastic UD Tapes |
| Key market players worldwide | Evonik Industries AG, SABIC, Solvay SA, Hexcel Corp, Toray Industries Inc, SGL Group, Teijin Ltd, Basf SE, Celanese Corp Class A, Victrex PLC, Berry Corp (bry) |
Other key industry trends
- In terms of revenue, MEA region accounted for 1.8% of the global unidirectional tapes market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 365.3 million by 2030.
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Unidirectional Tapes Market Scope
Unidirectional Tapes Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa unidirectional tapes 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 unidirectional tapes market will help companies and investors design strategic landscapes.
Thermoplastic ud tapes was the largest segment with a revenue share of 71.43% in 2022. Horizon Databook has segmented the Middle East & Africa unidirectional tapes market based on thermoset ud tapes, thermoplastic ud tapes covering the revenue growth of each sub-segment from 2018 to 2030.
Growth in sales of premium vehicles is expected to offer a competitive dynamic to the automotive market in Middle East & Africa. Countries including Egypt, Turkey, Morocco, and Iran are the leading automotive-producing countries.
The major automotive sales have been realized in the economies of Iran, Egypt, Saudi Arabia, Algeria, and the United Arab Emirates. The rise in demand for electric vehicles is expected by these economies to attract investments by major automakers, thus is likely having a positive impact on the demand for unidirectional tapes.
Increasing demand for defense equipment including jets, helicopters, fighter planes, bomber jets, and others is expected to positively impact the manufacturing practices by leading aircraft manufacturers. This is supported by the growing defense budgets by leading economies in the Middle East region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa unidirectional tapes market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa unidirectional tapes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Unidirectional Tapes Market Outlook Share, 2022 & 2030 (US$M)
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