Business

MENA Market Insights on Automotive Composite Materials, 2019-2024: Emphasis on Material Type (Polymer Matrix Composites, Metal Matrix Composites, Ceramic Matrix Composites and Hybrid Composites), Manufacturing

The automotive industry of Middle East and North Africa (MENA) is a key industry sector. The rise in population in the region has increased the demand for automobiles for transportation. Moreover, MENA is an important strategic center for trade and commerce across the globe, attracting a large pool of foreign investors. The growing automotive industry of some of the countries in the region made them worst performing countries (Qatar, United Arab Emirates and Bahrain, among others) in terms of GHG emissions.

Moreover, in the past few years, the percentage of GHG emissions in the region increased due to lack of the government’s attention. In addition to this, Gulf Cooperation Council (GCC) holds approximately 30% of the world’s oil reservoir, hence exports a large portion of its treasure to other countries. During the past few years, it led to the shortage of the oil and gas natural resources in the region. Owing to this, countries such as the UAE, Algeria, Kuwait and Egypt among others targeted to reserve their natural reservoir, these countries also set a limitation on GHG emissions by vehicles. Such rise in environmental concerns within the region, made the automakers to reduce the vehicular weight thereby increase the fuel efficiency.

Access the PDF sample of the report @ https://www.orbisresearch.com/contacts/request-sample/2645961

For vehicular weight reduction, composite materials have gained immense traction in the automotive industry because of their superior structural and mechanical features over steel and aluminum. Hence the rise in emission standards in the region is driving MENA automotive composite materials market. In addition to this, composite materials are now widely used in electric vehicles to offset the weight increased by the batteries. Hence the flourishing electric vehicle market of MENA is anticipated to fuel the demand for composite materials in the automotive industry. Owing to such factors, MENA automotive composite materials market was estimated at US $116.8 million in 2017 and is anticipated to reach US $254.2 million at a CAGR of 11.8% during the forecast period (2018-2024). However, high installation cost, high cost of the raw materials and recyclability issues are hampering the market within the region.

MENA automotive composite materials market is segmented based on different materials such as Polymer Matrix Composite (PMC), Metal Matrix Composite (MMC), Ceramic Matrix Composite (CMC) and Hybrid Composite. Due to high flexibility, high insulation, lower density and lighter weight than other composite materials, the adoption of PMCs is more than the other composites. Therefore PMCs held the maximum market share in 2017 and their dominance is expected to prevail during the forecast period. PMC was valued at US $88.6 million in 2017 and are anticipated to reach to US $191.6 million by 2024 at a CAGR of 11.7% during the forecast period (2018-2024). To get a better understanding of the market, PMCs are further segmented by matrix types, which include thermosets and thermoplastics.

In this segment, thermosets are anticipated to be the largest market on the other side thermoplastics will be the fastest growing matrix type during the forecast period. Further, due to low cost and high flexural and tensile strength of hybrid composites as compared to single fiber composites, the hybrid composites are anticipated to be the fastest growing composite type during the forecast period. MENA automotive composite materials market was estimated at US $87.6 million in 2014 that reached US $116.8 million in 2017. In addition, the industry will continue to grow rapidly over the forecast period (2018-2024) with a CAGR of 11.8%.

Browse the full report @ https://www.orbisresearch.com/reports/index/mena-market-insights-on-automotive-composite-materials-2018-2024-emphasis-on-material-type-polymer-matrix-composites-metal-matrix-composites-ceramic-matrix-composites-and-hybrid-composites-manufacturing

Table of Contents

1 MARKET INTRODUCTION
1.1 Market Definition
1.2 Objective of the Study
1.3 Limitation
1.4 Stakeholders
1.5 Currency used in the Report
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1 Secondary Data
2.1.1 Key Secondary Sources
2.2 Primary Data
2.2.1 Sampling Techniques & Data Collection Methods
2.2.2 Primary Participants
3 INDUSTRY PERFORMANCE
4 EXECUTIVE SUMMARY
5 MARKET OVERVIEW
5.1 Market Dynamics
5.1.1 Market Trends & Drivers
5.1.1.1 Stringent Government Regulations on GHG emission
5.1.1.2 Increasing Demand of Composites among Hybrid and Electric Vehicles
5.1.1.3 Crashworthiness Capability
5.1.2 Market Restraints
5.1.2.1 High Cost of the Raw Materials
5.1.3 Opportunities
5.1.3.1 Growing Scope of Hybrid Composite Materials
6 BENEFITS OF COMPOSITE MATERIALS
7 MARKET INSIGHTS BY MATERIAL TYPE
7.1 General Overview
7.2 Polymer Matrix Composite (PMC)
7.2.1 Thermoset Matrix
7.2.2 Thermoplastic Matrix
7.3 Metal Matrix Composite (MMC)
7.4 Ceramic Matrix Composite (CMC)
7.5 Hybrid Composites
8 MARKET INSIGHTS BY MANUFACTURING PROCESS
8.1 General Overview
8.2 Hand Lay up
8.3 Compression Molding
8.4 Injection Molding
8.5 Resin Transfer Molding
9 MARKET INSIGHTS BY APPLICATION
9.1 General Overview
9.2 Interior
9.3 Exterior
9.4 Chassis, Powertrain and Under the Hood
9.5 Structural
10 MARKET INSIGHTS BY VEHICLE TYPES
10.1 Overview
10.2 Performance Cars
10.3 Passenger Cars
10.4 Others (Light Commercial Vehicles, Buses, Trucks and Others)
11 MARKET INSIGHTS BY COUNTRY
11.1 General Overview
11.1.1 MENA Automotive Composite Materials Market, by Material Type
11.1.2 MENA Automotive Composite Market, by Manufacturing Process
11.1.3 MENA Automotive Composite Materials Market, by Application
11.1.4 MENA Automotive Composite Materials Market, by Vehicle Type
11.1.5 MENA Automotive Composite Materials Market, by Country
11.1.5.1 The United Arab Emirates Automotive Composite Materials Market
11.1.5.1.1 The UAE Automotive Composite Market, by Material Type
11.1.5.1.2 The UAE Automotive Composite Market, by Manufacturing Process
11.1.5.1.3 The UAE Automotive Composite Market, by Application
11.1.5.1.4 The UAE Automotive Composite Market, by Vehicle Type
11.1.5.2 Saudi Arabia Automotive Composite Materials Market
11.1.5.2.1 KSA Automotive Composite Market, by Material Type
11.1.5.2.2 KSA Automotive Composite Market, by Manufacturing Process
11.1.5.2.3 KSA Automotive Composite Market, by Application
11.1.5.2.4 KSA Automotive Composite Market, by Vehicle Type
11.1.5.3 Algeria Automotive Composite Materials Market
11.1.5.3.1 Algeria Automotive Composite Market, by Material Type
11.1.5.3.2 Algeria Automotive Composite Market, by Manufacturing Process
11.1.5.3.3 Algeria Automotive Composite Market, by Application
11.1.5.3.4 Algeria Automotive Composite Market, by Vehicle Type
11.1.5.4 Kuwait Automotive Composite Materials Market
11.1.5.4.1 Kuwait Automotive Composite Market, by Material Type
11.1.5.4.2 Kuwait Automotive Composite Market, by Manufacturing Process
11.1.5.4.3 Kuwait Automotive Composite Market, by Application
11.1.5.4.4 Kuwait Automotive Composite Market, by Vehicle Type
11.1.5.5 Egypt Automotive Composite Materials Market
11.1.5.5.1 Egypt Automotive Composite Market, by Material Type
11.1.5.5.2 Egypt Automotive Composite Market, by Manufacturing Process
11.1.5.5.3 Egypt Automotive Composite Market, by Application
11.1.5.5.4 Egypt Automotive Composite Market, by Vehicle Type
11.1.5.6 Qatar Automotive Composite Materials Market
11.1.5.6.1 Qatar Automotive Composite Market, by Material Type
11.1.5.6.2 Qatar Automotive Composite Market, by Manufacturing Process
11.1.5.6.3 Qatar Automotive Composite Market, by Application
11.1.5.6.4 Qatar Automotive Composite Market, by Vehicle Type
11.1.5.7 Rest of MENA Automotive Composite Materials Market, by Material Type
11.1.5.7.1 Rest of MENA Automotive Composite Market, by Material Type
11.1.5.7.2 Rest of MENA Automotive Composite market, by Manufacturing Process
11.1.5.7.3 Rest of MENA Automotive Composite Market, by Application
11.1.5.7.4 Rest of MENA Automotive Composite market, by Vehicle Type
12 COMPETITIVE SCENARIO
12.1 MENA Automotive Composite Materials Market Share of Major Players, 2017
13 COMPANY PROFILES
13.1 BASF SE
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Key Product/Services Offerings
13.1.4 SWOT Analysis
13.1.5 Key Financials
13.1.5.1 Revenue Split, by Region
13.1.5.2 Revenue Split, by Business Segment
13.1.6 Recent Developments
13.2 DowDuPont Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Key Product/Services Offerings
13.2.4 SWOT Analysis
13.2.5 Key Financials
13.2.5.1 Revenue Split, by Region
13.2.5.2 Revenue Split, by Business Segment
13.2.6 Recent developments
13.3 Gurit Holding AG
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Key Product/Services Offerings
13.3.4 SWOT Analysis
13.3.5 Key Financials
13.3.5.1 Revenue Split, by Region
13.3.5.2 Revenue Split, by Business Segment
13.3.6 Recent developments
13.4 Magna International Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Key Product/Services Offerings
13.4.4 SWOT Analysis
13.4.5 Key Financials
13.4.5.1 Revenue Split, by Region
13.4.5.2 Revenue Split, by Business Segment
13.4.6 Recent developments
13.5 Mitsubishi Chemical Holdings Corporation
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Key Product/Services Offerings
13.5.4 SWOT Analysis
13.5.5 Key Financials
13.5.5.1 Revenue Split, by Region
13.5.5.2 Revenue Split, by Business Segment
13.5.6 Recent developments
13.6 Owens Corning
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Key Product/Services Offerings
13.6.4 SWOT Analysis
13.6.5 Key Financials
13.6.5.1 Revenue Split, by Region
13.6.5.2 Revenue Split, by Business Segment
13.6.6 Recent developments
13.7 SGL Group
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 SWOT Analysis
13.7.4 Key Financials
13.7.4.1 Revenue Split, by Region
13.7.4.2 Revenue Split, by Business Segment
13.7.4.3 Revenue of CFM, by Industry
13.7.4.4 Revenue of GMS, by Industry
13.7.5 Recent developments
13.8 Solvay SA
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Key Product/Services Offerings
13.8.4 SWOT Analysis
13.8.5 Key Financials
13.8.5.1 Revenue Split, by Region
13.8.5.2 Revenue Split, by Business Segment
13.8.1 Recent developments
13.9 Teijin Limited
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Key Product/Services Offerings
13.9.4 SWOT Analysis
13.9.5 Key Financials
13.9.5.1 Revenue Split, by Region
13.9.5.2 Revenue Split, by Business Segment
13.9.6 Recent developments
13.1 Toray Industries Inc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Key Product/Services Offerings
13.10.4 SWOT Analysis
13.10.5 Key Financials
13.10.5.1 Revenue Split, by Region
13.10.5.2 Revenue Split, by Business Segment
13.10.6 Recent developments

Direct purchase the report @ https://www.orbisresearch.com/contact/purchase-single-user/2645961

About Us:

Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.

Contact Us:

Hector Costello
Senior Manager – Client Engagements
4144N Central Expressway,
Suite 600, Dallas,
Texas – 75204, U.S.A.
Phone No.: +1 (214) 884-6817; +91 895 659 5155

Posts