Market by Resin Type, Manufacturing Process, Reinforcement Type, Applications, and Country | Forecast 2021-2028
Triton Market Research has estimated the prepreg market in the Middle
East and Africa to show an upward trend in revenue, with a CAGR of 9.25% over
the forecasting years 2021-2028.
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The countries scrutinized in this market are:
• Saudi Arabia
• United Arab Emirates
• Turkey
• South Africa
• Rest of the Middle East &
Africa
The aircraft fleet in the Middle East region is anticipated to double in
the coming decade, owing to the increased air traffic. The aerospace industry
in Saudi Arabia is mainly focusing on infrastructural development and
technological advancements are to smoothen the entry of multinational players
into the domestic market.
Almost 60% of all the aircraft parts imported by the country are from
the United States. In addition, most aircraft used in Saudi’s defense sector
are also manufactured in the US, and need timely MRO services. This offers an
opportunity for US-based manufacturers to enter the Saudi Arabian aerospace MRO
market. It also provides a growth opportunity for the development of the
prepreg market.
Further, Saudi Arabia is focusing on establishing itself as the Middle
East’s new automotive hub. Though it is a large importer of vehicles and auto
parts, the nation is now trying to attract various OEMs to set up their
production plants here to develop the domestic auto industry. The automotive
industry is expected to witness substantial growth over the coming years, which
is expected to augment the demand for prepregs in the KSA. This is expected to
boost the growth of the prepreg market in the forthcoming years.
Also, with the rise in population and disposable income of consumers,
the electronics market in Saudi Arabia shows good market potential. A huge
demand for electronic goods, like smartphones, tablets, LED & LCD TVs,
washing machines, and electrical machines & equipment can be seen. These
factors are also contributing to the prepreg market’s growth.
Royal Ten Cate NV is engaged in developing and manufacturing advanced
materials by combining textile technology and chemical processes. It has seven
business divisions, including Outdoor Fabrics, Protective Fabrics, Advanced
Armour, Advanced Composites, Grass, Geosynthetic, and Others.
The company’s advanced composites business
division is involved in prepreg production. It produces a variety of prepregs,
such as epoxy-tooling prepregs and thermoset prepregs. These prepregs are
available in woven and unidirectional tape forms. Established in 1985, Royal
Ten Cate NV has a business presence in the Middle East and Africa, among other
regions.
1. MIDDLE
EAST AND AFRICA PREPREG MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE PREPREG INDUSTRY
2.2. KEY
INSIGHTS
2.2.1. EASE
OF HANDLING
2.2.2. ADVANCES
IN MANUFACTURING PROCESSES
2.2.3. RISING
NUMBER OF STRATEGIC DEVELOPMENTS BY MANUFACTURERS
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTE
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. INDUSTRY
COMPONENTS
2.7. KEY
MARKET STRATEGIES
2.7.1. ACQUISITIONS
2.7.2. PRODUCT
LAUNCHES
2.7.3. PARTNERSHIPS
2.7.4. BUSINESS
EXPANSIONS
2.8. MARKET
DRIVERS
2.8.1. DEMAND
FROM THE AEROSPACE INDUSTRY
2.8.2. AUTOMOTIVE
MANUFACTURERS AIMING AT REDUCING CARBON FOOTPRINTS
2.8.3. EVOLVING
WIND ENERGY MARKET
2.9. MARKET
CHALLENGES
2.9.1. LOW
SHELF LIFE COMPARED TO CONVENTIONAL RESIN FIBERS
2.9.2. HIGH
COSTS ASSOCIATED WITH PREPREGS
2.9.3. COMPLEXITIES
IN MAINTENANCE, REPAIR, AND OVERHAUL (MRO) REQUIREMENTS
2.10. MARKET
OPPORTUNITIES
2.10.1. GROWING
INTEREST TOWARD USING LIGHTWEIGHT MATERIALS IN SPORTING GOODS
2.10.2. INCREASED
DEMAND FOR CARBON FIBER PREPREGS
3. MIDDLE
EAST AND AFRICA PREPREG MARKET OUTLOOK – BY RESIN TYPE
3.1. THERMOSET
3.2. THERMOPLASTIC
4. MIDDLE
EAST AND AFRICA PREPREG MARKET OUTLOOK – BY MANUFACTURING PROCESS
4.1. HOT
MELT
4.2. SOLVENT
DIP
5. MIDDLE
EAST AND AFRICA PREPREG MARKET OUTLOOK – BY REINFORCEMENT TYPE
5.1. CARBON
FIBER
5.2. GLASS
FIBER
5.3. ARAMID
FIBER
6. MIDDLE
EAST AND AFRICA PREPREG MARKET OUTLOOK – BY APPLICATIONS
6.1. AEROSPACE
& DEFENCE
6.2. WIND
ENERGY
6.3. AUTOMOTIVE
6.4. SPORTING
GOODS
6.5. PCB
& OTHER APPLICATION
7. MIDDLE
EAST AND AFRICA PREPREG MARKET – REGIONAL OUTLOOK
7.1. UNITED
ARAB EMIRATES
7.2. TURKEY
7.3. SAUDI
ARABIA
7.4. SOUTH
AFRICA
7.5. REST
OF MIDDLE EAST & AFRICA
8. COMPETITIVE
LANDSCAPE
8.1. AXIOM
MATERIALS
8.2. CELANESE
8.3. CYTEC
SOLVAY GROUP
8.4. GURIT
HOLDING AG
8.5. HEXCEL
CORPORATION
8.6. MITSUBISHI
RAYON CO LTD
8.7. PARK
ELECTROCHEMICAL CORP
8.8. RENEGADE
MATERIALS CORPORATION
8.9. ROYAL
TEN CATE NV
8.10. SGL
GROUP
8.11. TEIJIN
LIMITED
8.12. TORAY
INDUSTRIES INC
8.13. UNICARBON
8.14. VENTEC
GROUP
8.15. ZYVEX
LABS
9. RESEARCH
METHODOLOGY & SCOPE
9.1. RESEARCH
SCOPE & DELIVERABLES
9.2. SOURCES
OF DATA
9.3. RESEARCH
METHODOLOGY
TABLE 1: MIDDLE EAST AND
AFRICA PREPREG MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: LIST OF ACQUISITIONS
TABLE 4: LIST OF PRODUCT
LAUNCHES
TABLE 5: LIST OF PARTNERSHIPS
& AGREEMENTS
TABLE 6: LIST OF BUSINESS
EXPANSIONS
TABLE 7: MIDDLE EAST AND
AFRICA PREPREG MARKET, BY RESIN TYPE, 2021-2028 (IN $ MILLION)
TABLE 8: MIDDLE EAST AND
AFRICA PREPREG MARKET, BY MANUFACTURING PROCESS, 2021-2028 (IN $ MILLION)
TABLE 9: MIDDLE EAST AND
AFRICA PREPREG MARKET, BY REINFORCEMENT TYPE, 2021-2028 (IN $ MILLION)
TABLE 10: MIDDLE EAST AND
AFRICA PREPREG MARKET, BY APPLICATIONS-USERS, 2021-2028 (IN $ MILLION)
TABLE 11: MIDDLE EAST AND
AFRICA PREPREG MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
FIGURE
1: MARKET ATTRACTIVENESS INDEX
FIGURE
2: WORLDWIDE AUTOMOTIVE (CARS & COMMERCIAL VEHICLES) PRODUCTION, 2015-2020
(IN MILLION)
FIGURE
3: MIDDLE EAST AND AFRICA PREPREG MARKET, BY RESIN TYPE, 2020 & 2028 (IN %)
FIGURE
4: MIDDLE EAST AND AFRICA PREPREG MARKET, BY THERMOSET, 2021-2028 (IN $
MILLION)
FIGURE
5: MIDDLE EAST AND AFRICA PREPREG MARKET, BY THERMOPLASTIC, 2021-2028 (IN $
MILLION)
FIGURE
6: MIDDLE EAST AND AFRICA PREPREG MARKET, BY MANUFACTURING PROCESS, 2020 &
2028 (IN %)
FIGURE
7: MIDDLE EAST AND AFRICA PREPREG MARKET, BY HOT MELT, 2021-2028 (IN $ MILLION)
FIGURE
8: SCHEMATIC OF HOT MELT PROCESS
FIGURE
9: MIDDLE EAST AND AFRICA PREPREG MARKET, BY SOLVENT DIP, 2021-2028 (IN $
MILLION)
FIGURE
10: SCHEMATIC OF SOLVENT DIP PROCESS
FIGURE
11: MIDDLE EAST AND AFRICA PREPREG MARKET, BY REINFORCEMENT TYPE, 2020 &
2028 (IN %)
FIGURE
12: MIDDLE EAST AND AFRICA PREPREG MARKET, BY CARBON FIBER, 2021-2028 (IN $
MILLION)
FIGURE
13: MIDDLE EAST AND AFRICA PREPREG MARKET, BY GLASS FIBER, 2021-2028 (IN $
MILLION)
FIGURE
14: MIDDLE EAST AND AFRICA PREPREG MARKET, BY ARAMID FIBER, 2021-2028 (IN $
MILLION)
FIGURE
15: MIDDLE EAST AND AFRICA PREPREG MARKET, BY APPLICATIONS, 2020 & 2028 (IN
%)
FIGURE
16: MIDDLE EAST AND AFRICA PREPREG MARKET, BY AEROSPACE & DEFENCE,
2021-2028 (IN $ MILLION)
FIGURE
17: MIDDLE EAST AND AFRICA PREPREG MARKET, BY WIND ENERGY, 2021-2028 (IN $
MILLION)
FIGURE
18: MIDDLE EAST AND AFRICA PREPREG MARKET, BY AUTOMOTIVE, 2021-2028 (IN $
MILLION)
FIGURE
19: MIDDLE EAST AND AFRICA PREPREG MARKET, BY SPORTING GOODS, 2021-2028 (IN $
MILLION)
FIGURE
20: MIDDLE EAST AND AFRICA PREPREG MARKET, BY PCB & OTHER APPLICATIONS,
2021-2028 (IN $ MILLION)
FIGURE
21: MIDDLE EAST AND AFRICA PREPREG MARKET, REGIONAL OUTLOOK, 2020 & 2028
(IN %)
FIGURE
22: UNITED ARAB EMIRATES PREPREG MARKET 2021-2028 (IN $ MILLION)
FIGURE
23: SAUDI ARABIA PREPREG MARKET 2021-2028 (IN $ MILLION)
FIGURE
24: TURKEY PREPREG MARKET 2021-2028 (IN $ MILLION)
FIGURE
25: SOUTH AFRICA PREPREG MARKET 2021-2028 (IN $ MILLION)
FIGURE
26: REST OF MIDDLE EAST & AFRICA PREPREG MARKET 2021-2028 (IN $ MILLION)