Insights Presented in the Report:
The Middle East and North Africa automotive composites material market is segmented based on different materials such as Polymer Matrix Composite (PMC), Metal Matrix Composite (MMC), Ceramic Matrix Composite (CMC) and Hybrid Composite. Currently, PMCs are the most popular composite type among the automakers, as they have high flexibility, high insulation, lower density and lighter weight than other composite material types. In addition, to get a deep dive analysis of PMC, the segment is further segmented across thermosets and thermoplastics. However, low cost and exceptionally good structural and mechanical properties of hybrid composites are making them an alternative to the single fiber composites. Hence hybrid composites are anticipated to be the fastest growing segment during the forecast period.
The market is further fragmented across different manufacturing processes, which include hand lay-up, compression molding, injection molding, and resin transfer molding (RTM). Injection molding process dominated the market in 2017 and is expected to continue its dominance over the forecast period. On the other hand, RTM will be the fastest growing manufacturing process because of its growing adoption in the auto industry. RTM process is expected to grow at a CAGR of 13.1% during the forecast period (2018-2024).
Based on several application areas in automobiles, Middle East and North Africa, automotive composite materials market is segmented into interior, exterior, chassis, powertrain & under the hood and structural. Among different application areas, exterior segment dominated the market however a gradual increase in the adoption rate of composite materials for vehicle interiors is expected in the coming years.
Middle East and North Africa automotive composite materials market is further segmented on the basis of different vehicle types. This includes performance cars, passenger cars and other (commercial vehicles and others). Passenger cars held the maximum market share in 2017 and they are expected to prevail during the forecast period.
To get a better understanding of MENA automotive composite material market, the region has been further segmented by countries, which include the UAE, Saudi Arabia, Algeria, Kuwait, Egypt, Qatar and rest of MENA. Saudi Arabia held the largest market share in 2017 and the country is expected to remain dominant during the forecast period.
Top Companies in the Composites Market
The major companies that are profiled in the study are BASF SE, DowDupont Inc., Gurit Holding AG, Magna International Inc., Mitsubishi Chemical Holdings Corporation, Owens Corning, SGL Group, Solvay SA, Teijin Limited and Toray Industries Inc.
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Detailed examination on drivers, restraints, key trends and opportunities prevailing in the industry.
Examination of industry attractiveness with the help of Porter’s Five Forces analysis
The study comprehensively covers the market across different segments
Deep dive regional level analysis of the industry
The MENA Automotive Composite Market can be customized to country level or any other market segment. Besides this, report understands that you may have your own business need, hence we also provide fully customized solutions to clients.