Market by Application, Fiber Type, and Country | Forecast 2021-2028
Triton’s report estimates that
the reinforcement materials market in the Middle East and Africa is probable to
grow as per revenue at a compound annual growth rate of 5.77% during the years
2021-2028. Further, it is projected to witness growth at a CAGR of 5.13% in
terms of volume during the considered years.
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The countries reviewed for
analysis in this market are:
• United Arab Emirates
• Turkey
• South Africa
• Saudi Arabia
• Rest of Middle East & Africa
In the Middle East and Africa,
the rising oil prices, along with striving economic diversification schemes,
are likely to augment the performance of the region’s nations in the near
future. Moreover, the expected surge in the oil prices will permit governments
to allot more resources towards the infrastructural projects, further
motivating the construction sector’s growth. Here, the rise in construction
projects will positively influence the demand for reinforcement materials for
various purposes. Hence, the construction sector growth is anticipated to drive
the reinforcement materials market across the Middle East and Africa region.
In Turkey, the construction
sector is expected to revive from the economic fall, owing to the government’s
focus on the development of transport, energy, and residential infrastructure.
Moreover, the investments under the country’s 11th five-year development plan
are also expected to enhance the construction sector in the country. This
growth in construction projects will strengthen the demand for reinforcement
materials for multiple applications. Therefore, the construction sector is
expected to widen the scope and progress of the reinforcement materials market
across Turkey in the upcoming years.
Hyosung Corporation is
involved in business through multiple segments, including textile and trading,
construction, industrial materials, and chemical products, among others. The
company provides its reinforcement materials via industrial materials, offering
advanced materials, tire reinforcements, airbags, and others. Additionally,
aramid yarn is used for bulletproofing, automobile belts, hoses, tire
reinforcement, construction, and composite materials reinforcement. The company
has operations spread across several regions, including the Middle East and
Africa.
1. MIDDLE
EAST AND AFRICA REINFORCEMENT MATERIALS MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. MARKET
DEFINITION
2.2. KEY
INSIGHTS
2.2.1. CONSTRUCTION
IS LARGEST APPLICATION IN MARKET
2.2.2. CARBON
FIBER IS FASTEST-GROWING FIBER TYPE IN MARKET
2.2.3. RAPID
ADOPTION OF REINFORCEMENT MATERIALS IN INDUSTRIAL APPLICATION
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 SUPPLIERS
2.3.4. BARGAINING
POWER OF BUYERS
2.3.5. INTENSITY
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. MARKET
DRIVERS
2.6.1. HIGH
DEMAND FOR LIGHTWEIGHT MATERIALS
2.6.2. IMPROVED
PRODUCT QUALITY DUE TO REINFORCEMENT
2.7. MARKET
RESTRAINTS
2.7.1. EXPENSIVE
PROCESS
2.7.2. REPAIR
& RECYCLING ISSUES
2.8. MARKET
OPPORTUNITIES
2.8.1. GROWTH
IN AEROSPACE & DEFENSE SECTOR
2.8.2. RISE
OF APPLICATION OF REINFORCEMENT MATERIALS IN MULTIPLE SECTORS
2.9. MARKET
CHALLENGES
2.9.1. ENVIRONMENTAL
ISSUES
2.10. IMPACT
OF CORONAVIRUS ON REINFORCEMENT MATERIALS MARKET
3. MIDDLE
EAST AND AFRICA REINFORCEMENT MATERIALS MARKET OUTLOOK - BY APPLICATION
3.1. CONSTRUCTION
3.2. TRANSPORTATION
3.3. CONSUMER
GOODS
3.4. INDUSTRIAL
APPLICATION
3.5. WIND
ENERGY
3.6. AEROSPACE
& DEFENSE
3.7. OTHER
APPLICATIONS
4. MIDDLE
EAST AND AFRCA REINFORCEMENT MATERIALS MARKET OUTLOOK - BY FIBER TYPE
4.1. GLASS
FIBER
4.1.1. ROVINGS
4.1.2. CHOPPED
STRAND
4.1.3. FABRICS
4.1.4. WOVEN
ROVING
4.1.5. CSM/CFM
4.1.6. OTHER
GLASS FIBER TYPE
4.2. ARAMID
FIBER
4.2.1. PARA-ARAMID
FIBER
4.2.2. META-ARAMID
FIBER & OTHERS
4.3. CARBON
FIBER
4.3.1. PAN
4.3.2. PITCH,
RAYON, & OTHERS (LIGNIN)
4.4. NATURAL
FIBER
4.4.1. FLAX
4.4.2. KENAF
4.4.3. HEMP
4.4.4. JUTE
4.4.5. OTHERS
4.5. STEEL
REBAR
5. REINFORCEMENT
MATERIALS MARKET - MIDDLE EAST AND AFRICA
5.1. UNITED
ARAB EMIRATES
5.2. TURKEY
5.3. SAUDI
ARABIA
5.4. SOUTH
AFRICA
5.5. REST
OF MIDDLE EAST & AFRICA
6. COMPETITIVE
LANDSCAPE
6.1. BASF
6.2. DUPONT
6.3. HONEYWELL
INTERNATIONAL INC
6.4. NFC
FIBERS GMBH
6.5. TEIJIN
LTD
6.6. TORAY
INDUSTRIES INC
6.7. OWENS
CORNING
6.8. HYOSUNG
CORPORATION
6.9. BINANI
INDUSTRIES
6.10. BAST
FIBERS LLC
7. RESEARCH
METHODOLOGY & SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.1.1. OBJECTIVES
OF STUDY
7.1.2. SCOPE
OF STUDY
7.2. SOURCES
OF DATA
7.2.1. PRIMARY
DATA SOURCES
7.2.2. SECONDARY
DATA SOURCES
7.3. RESEARCH
METHODOLOGY
7.3.1. EVALUATION
OF PROPOSED MARKET
7.3.2. IDENTIFICATION
OF DATA SOURCES
7.3.3. ASSESSMENT
OF MARKET DETERMINANTS
7.3.4. DATA
COLLECTION
7.3.5. DATA
VALIDATION & ANALYSIS
TABLE 1: MIDDLE EAST AND
AFRICA REINFORCEMENT MATERIALS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 2: MIDDLE EAST AND
AFRICA REINFORCEMENT MATERIALS MARKET, BY COUNTRY, 2021-2028 (IN KILOTON)
TABLE 3: VENDOR SCORECARD
TABLE 4: MIDDLE EAST AND
AFRICA REINFORCEMENT MATERIALS MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)
TABLE 5: MIDDLE EAST AND
AFRICA REINFORCEMENT MATERIALS MARKET, BY APPLICATION, 2021-2028 (IN KILOTON)
TABLE 6: MIDDLE EAST AND
AFRICA REINFORCEMENT MATERIALS MARKET, BY FIBER TYPE, 2021-2028 (IN $ MILLION)
TABLE 7: MIDDLE EAST AND
AFRICA REINFORCEMENT MATERIALS MARKET, BY FIBER TYPE, 2021-2028 (IN KILOTON)
TABLE 8: MIDDLE EAST AND
AFRICA GLASS FIBER MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 9: MIDDLE EAST AND
AFRICA GLASS FIBER MARKET, BY TYPE, 2021-2028 (IN KILOTON)
TABLE 10: MIDDLE EAST AND
AFRICA ARAMID FIBER MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 11: MIDDLE EAST AND
AFRICA ARAMID FIBER MARKET, BY TYPE, 2021-2028 (IN KILOTON)
TABLE 12: MIDDLE EAST AND
AFRICA CARBON FIBER MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 13: MIDDLE EAST AND
AFRICA CARBON FIBER MARKET, BY TYPE, 2021-2028 (IN KILOTON)
TABLE 14: MIDDLE EAST AND
AFRICA NATURAL FIBER MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 15: MIDDLE EAST AND
AFRICA NATURAL FIBER MARKET, BY TYPE, 2021-2028 (IN KILOTON)
FIGURE 1: MIDDLE EAST AND
AFRICA REINFORCEMENT MATERIALS MARKET, BY APPLICATION, 2020 AND 2028 (IN %)
FIGURE 2: MIDDLE EAST AND
AFRICA CONSTRUCTION MARKET 2021-2028 (IN $ MILLION)
FIGURE 3: MIDDLE EAST AND
AFRICA CARBON FIBER MARKET 2021-2028 (IN $ MILLION)
FIGURE 4: MIDDLE EAST AND
AFRICA INDUSTRIAL APPLICATION MARKET 2021-2028 (IN $ MILLION)
FIGURE 5: PORTER’S FIVE FORCES
ANALYSIS
FIGURE 6: MARKET
ATTRACTIVENESS INDEX
FIGURE 7: MIDDLE EAST AND
AFRICA REINFORCEMENT MATERIALS MARKET, BY CONSTRUCTION, 2021-2028 (IN $ MILLION)
FIGURE 8: MIDDLE EAST AND
AFRICA REINFORCEMENT MATERIALS MARKET, BY TRANSPORTATION, 2021-2028 (IN $
MILLION)
FIGURE 9: MIDDLE EAST AND
AFRICA REINFORCEMENT MATERIALS MARKET, BY CONSUMER GOODS, 2021-2028 (IN $
MILLION)
FIGURE 10: MIDDLE EAST AND
AFRICA REINFORCEMENT MATERIALS MARKET, BY INDUSTRIAL APPLICATION, 2021-2028 (IN
$ MILLION)
FIGURE 11: MIDDLE EAST AND
AFRICA REINFORCEMENT MATERIALS MARKET, BY WIND ENERGY, 2021-2028 (IN $ MILLION)
FIGURE 12: MIDDLE EAST AND
AFRICA REINFORCEMENT MATERIALS MARKET, BY AEROSPACE & DEFENSE, 2021-2028
(IN $ MILLION)
FIGURE 13: MIDDLE EAST AND
AFRICA REINFORCEMENT MATERIALS MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $
MILLION)
FIGURE 14: MIDDLE EAST AND
AFRICA GLASS FIBER MARKET, BY GLASS FIBER, 2021-2028 (IN $ MILLION)
FIGURE 15: MIDDLE EAST AND
AFRICA REINFORCEMENT MATERIALS MARKET, BY ARAMID FIBER, 2021-2028 (IN $
MILLION)
FIGURE 16: MIDDLE EAST AND
AFRICA REINFORCEMENT MATERIALS MARKET, BY CARBON FIBER, 2021-2028 (IN $
MILLION)
FIGURE 17: MIDDLE EAST AND AFRICA
REINFORCEMENT MATERIALS MARKET, BY NATURAL FIBER, 2021-2028 (IN $ MILLION)
FIGURE 18: MIDDLE EAST AND
AFRICA REINFORCEMENT MATERIALS MARKET, BY STEEL REBAR, 2021-2028 (IN $ MILLION)
FIGURE 19: MIDDLE EAST AND
AFRICA REINFORCEMENT MATERIALS MARKET, REGIONAL OUTLOOK, 2020 AND 2028 (IN %)
FIGURE 20: UNITED ARAB
EMIRATES REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)
FIGURE 21: TURKEY
REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)
FIGURE 22: SAUDI ARABIA
REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)
FIGURE 23: SOUTH AFRICA
REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)
FIGURE 24: REST OF MIDDLE EAST
& AFRICA REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)