Middle East & Africa Automotive Glass Fiber Composites Market

Middle East & Africa Automotive Glass Fiber Composites Market by Production Types (Hand Layup, Resin Transfer Molding, Vacuum Infusion Processing, Injection Molding, and Compression Molding), Application Types (Structural Assembly, Power Train Component, Interior, Exterior, and Others), and Geography (Egypt, Iran, Iraq, Israel, Morocco, Qatar, Saudi Arabia, Ethiopia, The UAE, and Yemen) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021-2028

  • Report ID: AL-3040
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 1
  • No. Of Pages: 188
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The Middle East & Africa automotive glass fiber composites market size is anticipated to expand at a significant CAGR during the forecast period, 2021-2028. The growth of the market is attributed to increasing demand for durable and lightweight materials for automotive production.

Middle East & Africa Automotive Glass Fiber Composites Market Key Takeaways

Glass fiber is a reinforced plastic, also known as fibreglass. Fibreglass is widely used in automotive industry due to its tensile strength, flex modulus, creep resistance, impact resistance, heat, chemical resistance, temperature resistance and dimensional stability. The glass fiber is usually flattened into a sheet, randomly arranged or woven into a fabric. They can be made of different types of glasses such as A-glass, C-glass, E-glass, AE-glass, and S-glass. Polyester is mostly used while making the fibreglass car bodies.

Market Trends, Drivers, Restraints and Opportunities

  • Increasing use of fiberglass composites in the automotive industry is projected to drive the market growth during the forecast period.
  • Rising extensive use of fiber glass in the construction & infrastructure industry is expected to boost the market growth in the coming years.
  • Growing urbanization is expected to spur the market growth during the forecast period.
  • High processing and manufacturing cost of composites can restrain the growth of the market.
  • Recycling issues of glass wool is estimated to restrict the market growth in the coming years.
  • The presence of alternatives such as carbon fiber can restrain the growth of the market.
  • Capital-intensive production and complex manufacturing process of fibreglass are some challenges of the market.
  • Increasing number of wind energy capacity installations is one of the key opportunities of the market during the forecast period.
  • The demand for renewable energy in the form of wind turbines can create lucrative opportunities during the forecast period.

Scope of the Report

The report on the Middle East& Africa automotive glass fiber composites market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Automotive Glass Fiber Composites Market - Middle East & Africa Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Production Types (Hand Layup, Resin Transfer Molding, Vacuum Infusion Processing, Injection Molding, and Compression Molding), and Application Types (Structural Assembly, Power Train Component, Interior, Exterior, and Others)

Geography

Egypt, Iran, Iraq, Israel, Morocco, Qatar, Saudi Arabia, Ethiopia, The UAE, and Yemen

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Solvay Group; 3B (Braj Binani Group); Owens Corning; Veplas Group; and SAERTEX GmbH & Co.KG

Middle East & Africa Automotive Glass Fiber Composites Market Segment Insights

Resin transfer molding segment to hold a significant market share

Based on production types, the market is divided into hand layup, resin transfer molding, vacuum infusion processing, injection molding, and compression molding. The hand layup segment is anticipated to hold a key share of the market in the coming years due to ability to exploit the full strength of the fiber based composite, since the full length of the fiber can be utilized effective for composite structures, andlittle upfront investment beyond materials and basic tools. However, the resin transfer molding segment is anticipated to expand at a rapid pace during the forecast period owing to improved materials processing techniques potentially yield better interface, which leads to better composite performance and durability.

Middle East & Africa Automotive Glass Fiber Composites Market By Production Types

Interior segment to hold a significant market share

On the basis of application types, the market is segregated into structural assembly, powertrain component, interior, exterior, and others. The exterior assembly segment is anticipated to hold a key share of the market in the coming years due to compressive, non-flammable, high humidity resistance of glass fibers. However, the interior segment is anticipated to expand at a rapid pace during the forecast period owing to low moisture absorption and, electrical insulation application.

Morocco is estimated to account a major market share

In terms of geography, the market is classified as Egypt, Iran, Iraq, Israel, Morocco, Qatar, Saudi Arabia, Ethiopia, The UAE, and Yemen. Ethiopia is expected to constitute a key share of the market during the projected period due to high import duties and limited supply of vehicles, pushing for newer automotive and EPS manufacturing factories. However, the market in Morocco segment is anticipated to expand at a rapid pace during the forecast period owing to the country’s developed investment cluster program, which resulted the entrance of automotive company, Renault in the market.

Segments

Segments Covered in the Report
The Middle East & Africa automotive glass fiber composites market has been segmented on the basis of

Production Types
  • Hand Layup
  • Resin Transfer Molding
  • Vacuum Infusion Processing
  • Injection Molding
  • Compression Molding
Application Types
  • Structural Assembly
  • Powertrain Component
  • Interior
  • Exterior
Geography
  • Egypt
  • Iran
  • Iraq
  • Israel
  • Kuwait
  • Morocco
  • Oman
  • Qatar
  • Saudi Arabia
  • Ethiopia
  • The UAE
  • Yemen
Key Players
  • Solvay Group
  • 3B (Braj Binani Group)
  • Owens Corning
  • Veplas Group
  • SAERTEX GmbH & Co.KG

Competitive Landscape

Key players competing in the Middle East & Africa automotive glass fiber composites market includes Solvay Group; 3B (Braj Binani Group); Owens Corning; Veplas Group; and SAERTEX GmbH & Co.KG

Some of these players are engaging in business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market share.

Middle East & Africa Automotive Glass Fiber Composites Market By Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Glass Fiber Composites Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Automotive Glass Fiber Composites Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Automotive Glass Fiber Composites Market - Supply Chain
  4.5. Global Automotive Glass Fiber Composites Market Forecast
     4.5.1. Automotive Glass Fiber Composites Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Automotive Glass Fiber Composites Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Automotive Glass Fiber Composites Market Absolute $ Opportunity
5. Global Automotive Glass Fiber Composites Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Automotive Glass Fiber Composites Market Size and Volume Forecast by Applications
     5.3.1. Structural Assembly Powertrain Component Interior Exterior
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Automotive Glass Fiber Composites Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Automotive Glass Fiber Composites Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Automotive Glass Fiber Composites Demand Share Forecast, 2019-2026
7. North America Automotive Glass Fiber Composites Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Automotive Glass Fiber Composites Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Automotive Glass Fiber Composites Market Size and Volume Forecast by Applications
     7.4.1. Structural Assembly Powertrain Component Interior Exterior
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Automotive Glass Fiber Composites Demand Share Forecast, 2019-2026
8. Latin America Automotive Glass Fiber Composites Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Automotive Glass Fiber Composites Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Automotive Glass Fiber Composites Market Size and Volume Forecast by Applications
     8.4.1. Structural Assembly Powertrain Component Interior Exterior
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Automotive Glass Fiber Composites Demand Share Forecast, 2019-2026
9. Europe Automotive Glass Fiber Composites Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Automotive Glass Fiber Composites Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Automotive Glass Fiber Composites Market Size and Volume Forecast by Applications
     9.4.1. Structural Assembly Powertrain Component Interior Exterior
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Automotive Glass Fiber Composites Demand Share Forecast, 2019-2026
10. Asia Pacific Automotive Glass Fiber Composites Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Automotive Glass Fiber Composites Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Automotive Glass Fiber Composites Market Size and Volume Forecast by Applications
     10.4.1. Structural Assembly Powertrain Component Interior Exterior
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Automotive Glass Fiber Composites Demand Share Forecast, 2019-2026
11. Middle East & Africa Automotive Glass Fiber Composites Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Automotive Glass Fiber Composites Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Automotive Glass Fiber Composites Market Size and Volume Forecast by Applications
     11.4.1. Structural Assembly Powertrain Component Interior Exterior
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Automotive Glass Fiber Composites Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Automotive Glass Fiber Composites Market: Market Share Analysis
  12.2. Automotive Glass Fiber Composites Distributors and Customers
  12.3. Automotive Glass Fiber Composites Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Solvay Group 3B (Braj Binani Group) Owens Corning Veplas Group SAERTEX GmbH & Co.KG
Segments Covered in the Report
The Middle East & Africa automotive glass fiber composites market has been segmented on the basis of

Production Types
  • Hand Layup
  • Resin Transfer Molding
  • Vacuum Infusion Processing
  • Injection Molding
  • Compression Molding
Application Types
  • Structural Assembly
  • Powertrain Component
  • Interior
  • Exterior
Geography
  • Egypt
  • Iran
  • Iraq
  • Israel
  • Kuwait
  • Morocco
  • Oman
  • Qatar
  • Saudi Arabia
  • Ethiopia
  • The UAE
  • Yemen
Key Players
  • Solvay Group
  • 3B (Braj Binani Group)
  • Owens Corning
  • Veplas Group
  • SAERTEX GmbH & Co.KG

Key players competing in the Middle East & Africa automotive glass fiber composites market includes Solvay Group; 3B (Braj Binani Group); Owens Corning; Veplas Group; and SAERTEX GmbH & Co.KG

Some of these players are engaging in business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market share.

Middle East & Africa Automotive Glass Fiber Composites Market By Key Players

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