MENA Automotive Composite Materials Market Research Report with Size, Share, Value, CAGR, Outlook, Analysis, Latest Updates, Data, and News 2021-2028

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

GET FREE SAMPLE PDF : https://www.wiseguyreports.com/sample-request/5762539-mena-market-insights-on-automotive-composite-materials-insights

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.
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.

REPORT DETAILS : https://www.wiseguyreports.com/reports/5762539-mena-market-insights-on-automotive-composite-materials-insights

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.

ALSO READ :http://www.marketwatch.com/story/head-lice-infestation-treatment-market-research-report-with-size-share-value-cagr-outlook-analysis-latest-updates-data-and-news-2020-2025-2021-06-24

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%.

ALSO READ :http://www.marketwatch.com/story/dextrins-market-research-report-with-size-share-value-cagr-outlook-analysis-latest-updates-data-and-news-2020-2026-2021-06-25

Table of Contents

 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

ALSO READ : http://www.marketwatch.com/story/httpswwwwiseguyreportscomsample-request7226703-aluminum-lithium-alloys-market-global-outlook-and-forecast-2021-2027-2021-06-26

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

…continued

CONTACT DETAILS

[email protected]

+44 203 500 2763

+1 62 825 80070

971 0503084105

Source – HeraldKeeper
Note: The Heraldkeeper News Department was not involved in the creation of this content.

If you have any problem with this press release? Contact the source provider Heraldkeeper.com, you can contact them here.

Related Articles

Stay Connected

0FansLike
2,987FollowersFollow
0SubscribersSubscribe
- Advertisement -spot_img

Latest Articles