MENA Market Insights on Automotive Composite Materials: Insights and Forecast, 2018-2024

Automotive Composite Materials Market Research Report Size,Share,Growth,Trends and Forecast provides an deep analysis of the Automotive Composite Materials Market including detailed description of market sizing and growth, value, the key opportunities in the Automotive Composite Materials Market and outlines the factors that are and will be driving the growth of the industry taking into consideration the previous growth patterns with Forecast Period 2021

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The Automotive Composite Materials Market report provides insight into main drivers, challenges, opportunities and risk of the market and strategies of suppliers. Key players are profiled as well with their market shares in the global Automotive Composite Materials Market discussed. Overall, this report covers the historical situation, present status and the future prospects.Additionally, the worldwide market is segmented based on type, application, deals, and area. It contains numbers, regions, revenue, and offers just as the thorough computation of the business chain structure, opportunities, industry news analysis. The application portion shows the employments of the product.

The Automotive Composite Materials Market report also covers a detailed comprehension of the major geographies present in the market along with the key segments and sub-segments. The report focuses on regional development status, which includes the market size, share, and volume.

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About Automotive Composite Materials Market:

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, MEA is an important strategic centre 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 government attention. In addition to this, Gulf Cooperation Council (GCC) holds approximately 30% of the world’s oil reservoir, hence exports 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 have set certain target values for GHG emissions to be achieved in the coming years. Hence the increasing emission standards in several countries across the region are propelling the growth of automotive composite materials market in MENA. However, high installation cost, high cost of the raw materials and recyclability issues are hampering the market.

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.

Reasons to buy the Report:

The study includes market sizing and forecasting analysis validated by authenticated key industry experts

The report presents a quick review of overall industry performance at one glance

The report covers in depth analysis of prominent industry peers with primary focus on key business financials, product portfolio, expansion strategies and recent developments

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

Customization Options:

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.

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This report provides detail analysis of the market and have a comprehensive understanding of the Automotive Composite Materials market and its commercial landscape. Learn about the various market strategies that are being adopted by leading companies.It provides a five-year forecast assessed based on how the Automotive Composite Materials market is predicted to grow.It provides insightful analysis of changing competition dynamics and keeps you ahead of competitors.To understand the future scope and outlooks for the Automotive Composite Materials market.Automotive Composite Materials Market Forecast by regions, type and application, with sales and revenue, from 2021.Automotive Composite Materials Market Share, distributors, major suppliers, changing price patterns and the supply chain of raw materials is highlighted in the report.

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Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.

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