According to a new market report published by Lucintel, the future of the Middle Eastern glass fiber market looks promising with opportunities in the transportation, marine, pipes & tanks, and construction. The Middle Eastern glass fiber market is expected to reach an estimated $524.7 million by 2027 with a CAGR of 6.4% from 2021 to 2027. The major drivers for this market are growth in the rise in demand for glass fiber composites.
Within the Middle Eastern glass fiber market, pipe & tanks will remain the largest end use segment over the forecast period due to growth in oil and gas exploration activities and construction of water supply system. Transportation is expected to witness the highest growth over the forecast period
Saudi Arabia is expected to remain the largest market for Middle Eastern glass fiber because of growth in end use industries. Iran is expected to witness the highest growth over the forecast period because of increased investment in large-scale infrastructure and industrial projects.
Emerging trends in the Middle Eastern glass fiber market, which have a direct impact on the dynamics of Middle Eastern glass fiber industry, are the cost optimization and performance enhancement of high performance glass fibers. Jushi, Shairco, Sabic, Abahsain Fiberglass, are among the major suppliers of the Middle Eastern glass fiber market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the Middle Eastern glass fiber market by end use and country. Lucintel has prepared a comprehensive research report titled, “Growth Opportunities in the Middle Eastern Glass Fiber Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the Middle Eastern glass fiber market by end use and country as follows:
By End Use [Value ($M) and Volume (M lbs) analysis for 2016 – 2027]:
Pipes and tanks
Construction
Transportation
Marine
Others
By Country [Value ($M) and Volume (M lbs) analysis for 2016 – 2027]:
Saudi Arabian Market
UAE Market
Egyptian Market
Iranian Market
This 110-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link…… helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 10 key questions:
Q.1 What are some of the most promising, high-growth in Middle Eastern and North African Composites market by end use (pipes & tanks, construction, transportation, marine, and others) and country (Saudi Arabia, UAE, Egypt, and Iran)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.4 What are the business risks and threats to the market?
Q.5 What are the emerging trends in this market and the reasons behind them?
Q.6 What are the changing demands of customers in the market?
Q.7 What are the new developments in the market? Which companies are leading these developments?
Q.8 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.9 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.10 What M & A activities have taken place in the last 5 years in this market?