Middle East Glass Fiber Market: Trends, Opportunities and Competitive Analysis

Middle East Glass Fiber Market: Trends, Opportunities and Competitive Analysis

Middle Eastern Glass Fiber Market Trends and Forecast

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.

Emerging Trends in the Middle Eastern Glass Fiber Market

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.

A total of 80 figures / charts and 20 tables are provided in this 110-page report to help in your business decisions. A sample figure with insights is shown below. To learn the scope of benefits, companies researched, and other details of the Middle Eastern glass fiber market report, please download the report brochure.

Middle Eastern Glass Fiber Market by Segment

The study includes a forecast for the Middle Eastern glass fiber market by end use and country as follows:

Middle Eastern Glass Fiber Market by End Use [Value ($M) and Volume (Million Pounds) shipment analysis for 2016 – 2027]:

• Pipes and tanks
• Construction
• Transportation
• Marine
• Others

Middle Eastern Glass Fiber Market by Country [Value ($M) and Volume (Million Pounds) shipment analysis for 2016 – 2027]:

• Saudi Arabian Market
• UAE Market
• Egyptian Market
• Iranian Market

List of Middle Eastern Glass Fiber Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies Middle Eastern glass fiber market companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the Middle Eastern glass fiber market companies profiled in this report includes.

• Jushi Egypt Fiberglass
• Sharico
• SABIC
• Abahsain Fiberglass

Middle Eastern Glass Fiber Market Insight

• Lucintel forecasts that 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.
• 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.

Features of Middle Eastern glass fiber Market

• Market Size Estimates: Middle Eastern glass fiber market size estimation in terms of value ($M) and volume (M lbs)
• Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and country.
• Segmentation Analysis: Market size by end use and country.
• Growth Opportunities: Analysis on growth opportunities in different end use industries, and country for the Middle Eastern glass fiber composites market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape for the Middle Eastern glass fiber composites market.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the Middle Eastern glass fiber market size?

Answer: The Middle Eastern glass fiber market is expected to reach an estimated $524.7 million by 2027

Q2. What is the growth forecast for Middle Eastern glass fiber market?

Answer: The Middle Eastern glass fiber market is expected to grow at a CAGR of 6.4% from 2021 to 2027.

Q3. What are the major drivers influencing the growth of the Middle Eastern glass fiber market?

Answer: The major drivers for this market are growth in the rise in demand for glass fiber composites

Q4. What are the major applications or end use industries for Middle Eastern glass fiber market?

Answer: Pipe and Tank and construction are the major end uses for Middle Eastern glass fiber market.

Q5. What are the emerging trends in Middle Eastern glass fiber market?

Answer: 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.

Q6. Who are the key Middle Eastern glass fiber market companies?

Answer: Some of the key Middle Eastern glass fiber market companies are as follows:

• Jushi Egypt Fiberglass
• Sharico
• SABIC
• Abahsain Fiberglass

Q7: In Middle Eastern glass fiber market, which country is expected to be the largest in next 5 years?

Answer: Saudi Arabia is expected to remain the largest country over next 5 years

Q8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

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 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?

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