Middle East & Africa Hybrid Composites Market Forecast to 2028 - Regional Analysis - by Fiber Type (Carbon/Aramid, Carbon/Glass, High-Modulus Polypropylene /Carbon, Ultra High Molecular Weight Polyethylene / Carbon, and Others), Resin, and Application

List of Tables

The Middle East & Africa hybrid composites market is expected to grow from US$ 28.32 million in 2023 to US$ 43.53 million by 2028. It is estimated to grow at a CAGR of 9.0% from 2023 to 2028.

Rising Use of Hybrid Composites in Wind Energy and Automotive Industries Fuels Middle East & Africa Hybrid Composites Market

Rapid developments in material technology continue to support variations in the structure of wind turbines. Many of these variations were primarily introduced to reduce the prices of turbines. Factors such as corrosion resistance, fatigue resistance, toughness, rigidity, weight, and appearance of wind turbines significantly impact their operations. Glass fiber-reinforced plastics (GRPs) are the most used type of composite material in wind turbine manufacturing. The major benefits of using GRPs include hybrid mechanical properties, high corrosion resistance, high-temperature tolerance, simplified manufacturing, and favorable costs.

Lightweight materials offer excellent potential for increasing vehicle efficiency as their acceleration requires less energy than heavier ones. According to the Office of Energy Efficiency & Renewable Energy, a 10% decrease in vehicle weight can improve fuel economy by 6-8%. Substituting cast iron and traditional steel components with lightweight materials, such as high-strength steel, aluminum (Al) alloys, magnesium (Mg) alloys, carbon fiber, and polymer composites, can reduce the weight of a vehicle body and chassis by up to 50%, thereby reducing the fuel consumption of a vehicle. The application of hybrid composites in the automotive sector is growing at a significant pace. In this sector, plastics are used in large quantities to produce composites. Hybrid composites have excellent acoustic and thermal properties, which makes them ideal for vehicle interior parts. Furthermore, they are suitable for the manufacturing of non-structural interior components, including seat fillers, seat backs, headliners, interior panels, and dashboards. Therefore, the growing demand for hybrid composites from the automotive industry for the manufacturing of fuel-efficient, lightweight vehicles such as electric vehicles (EVs) is driving the hybrid composites market.

Middle East & Africa Hybrid Composites Market Overview

The Middle East & Africa hybrid composites market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The growth of the aviation industry due to various government initiatives is among the significant factors driving the demand for hybrid composites in the region as it provides durability and toughness to the aircraft. For instance, on August 14, 2023, the Saudi Arabian government invested US$ 100 billion in the aviation sector to host at least 300 million passengers and 5 million tons of freight by 2030. The aviation industry in the Middle East & Africa is also fueled by rapid industrialization and growth in disposable income, resulting in a surge of passengers opting for air travel. Further, according to the report by International Trade Administration, the UAE government has supported and invested in various initiatives in the aerospace industry, thus increasing the number of partnerships among significant market players and Original Equipment Manufacturers (OEMs). Therefore, the growing aerospace industry in the region boosts the demand for hybrid composites.

Middle East & Africa Hybrid Composites Market Revenue and Forecast to 2028 (US$ Million)

Middle East & Africa Hybrid Composites Market Segmentation

The Middle East & Africa hybrid composites market is segmented into fiber type, resin, application, and country.

Based on fiber type, the Middle East & Africa hybrid composites market is segmented into carbon/aramid, carbon/glass, high-modulus polypropylene (HMPP)/carbon, ultra high molecular weight polyethylene (UHMWPE)/ carbon, and others. The carbon/aramid segment held the largest share of the Middle East & Africa hybrid composites market in 2023.

Based on resin, the Middle East & Africa hybrid composites market is segmented into thermoset and thermoplastic. The thermoset segment held a larger share of the Middle East & Africa hybrid composites market in 2023.

Based on application, the Middle East & Africa hybrid composites market is segmented into automotive, aerospace, marine, wind energy, sporting goods, and others. The automotive segment held the largest share of the Middle East & Africa hybrid composites market in 2023.

Based on country, the Middle East & Africa hybrid composites market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa hybrid composites market in 2023.

Avient Corp, Gurit Holding AG, Hexcel Corp, Lanxess AG, Mitsubishi Chemical Holdings Corp, PGTEX China Co Ltd, SGL Carbon SE, Solvay SA, and Toray Industries Inc are some of the leading companies operating in the Middle East & Africa hybrid composites market.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa hybrid composites market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in Middle East & Africa hybrid composites market, thereby allowing players across the value chain to develop effective long-term strategies.
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Product Code: BMIRE00028996

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
- 1.3.1 Middle East & Africa Hybrid Composites Market, by Fiber Type
- 1.3.2 Middle East & Africa Hybrid Composites Market, by Resin
- 1.3.3 Middle East & Africa Hybrid Composites Market, by Application
- 1.3.4 Middle East & Africa Hybrid Composites Market, by Country

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study
3.2 Research Methodology
- 3.2.1 Data Collection:
- 3.2.2 Primary Interviews:
- 3.2.3 Hypothesis formulation:
- 3.2.4 Macro-economic factor analysis:
- 3.2.5 Developing base number:
- 3.2.6 Data Triangulation:
- 3.2.7 Country level data:

4. Middle East & Africa Hybrid Composites Market Landscape

4.1 Market Overview
4.2 Porter's Five Forces Analysis
- 4.2.1 Threat of New Entrants:
- 4.2.2 Bargaining Power of Buyers:
- 4.2.3 Bargaining Power of Suppliers:
- 4.2.4 Competitive Rivalry:
- 4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
4.4 Expert Opinions

5. Middle East & Africa Hybrid Composites Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Growing Demand for Lightweight Materials in Aerospace & Defense Industry
- 5.1.2 Rising Use of Hybrid Composites in Wind Energy and Automotive Industries
5.2 Market Restraints
- 5.2.1 High Cost and Recyclability Issues of Hybrid Composites
5.3 Market Opportunities
- 5.3.1 Increasing Demand for Nanocomposites
5.4 Future Trends
- 5.4.1 Rise in Adoption of Biocomposites
5.5 Impact Analysis

6. Hybrid Composites - Middle East & Africa Market Analysis

6.1 Middle East & Africa Hybrid Composites Market Overview
6.2 Middle East & Africa Hybrid Composites Market -Volume and Forecast to 2028 (Kilo Tons)
6.3 Middle East & Africa Hybrid Composites Market -Revenue and Forecast to 2028 (US$ Million)

7. Middle East & Africa Hybrid Composites Market Analysis - By Fiber Type

7.1 Overview
7.2 Middle East & Africa Hybrid Composites Market, By Fiber Type (2022 and 2028)
7.3 Carbon/Aramid
- 7.3.1 Overview
- 7.3.2 Carbon/Aramid: Middle East & Africa Hybrid Composites Market - Revenue and Forecast to 2028 (US$ Million)
- 7.3.3 Carbon/Aramid: Middle East & Africa Hybrid Composites Market - Volume and Forecast to 2028 (Kilo Tons)
7.4 Carbon/Glass
- 7.4.1 Overview
- 7.4.2 Carbon/Glass: Middle East & Africa Hybrid Composites Market - Revenue and Forecast to 2028 (US$ Million)
- 7.4.3 Carbon/Glass: Middle East & Africa Hybrid Composites Market - Volume and Forecast to 2028 (Kilo Tons)
7.5 High-Modulus Polypropylene (HMPP)/Carbon
- 7.5.1 Overview
- 7.5.2 High-Modulus Polypropylene (HMPP)/Carbon: Middle East & Africa Hybrid Composites Market - Revenue and Forecast to 2028 (US$ Million)
- 7.5.3 High-Modulus Polypropylene (HMPP)/Carbon: Middle East & Africa Hybrid Composites Market - Volume and Forecast to 2028 (Kilo Tons)
7.6 Ultra High Molecular Weight Polyethylene (UHMWPE)/ Carbon
- 7.6.1 Overview
- 7.6.2 Ultra High Molecular Weight Polyethylene (UHMWPE)/ Carbon: Middle East & Africa Hybrid Composites Market - Revenue and Forecast to 2028 (US$ Million)
- 7.6.3 Ultra High Molecular Weight Polyethylene (UHMWPE)/ Carbon: Middle East & Africa Hybrid Composites Market - Volume and Forecast to 2028 (Kilo Tons)
7.7 Others
- 7.7.1 Overview
- 7.7.2 Others: Middle East & Africa Hybrid Composites Market - Revenue and Forecast to 2028 (US$ Million)
- 7.7.3 Others: Middle East & Africa Hybrid Composites Market - Volume and Forecast to 2028 (Kilo Tons)

8. Middle East & Africa Hybrid Composites Market Analysis - By Resin

8.1 Overview
8.2 Middle East & Africa Hybrid Composites Market, By Resin(2022 and 2028)
8.3 Thermoset
- 8.3.1 Overview
- 8.3.2 Thermoset: Middle East & Africa Hybrid Composites Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Thermoplastic
- 8.4.1 Overview
- 8.4.2 Thermoplastic: Middle East & Africa Hybrid Composites Market - Revenue and Forecast to 2028 (US$ Million)

9. Middle East & Africa Hybrid Composites Market Analysis - By Application

9.1 Overview
9.2 Middle East & Africa Hybrid Composites Market, By Application (2022 and 2028)
9.3 Automotive
- 9.3.1 Overview
- 9.3.2 Automotive: Middle East & Africa Hybrid Composites Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Aerospace
- 9.4.1 Overview
- 9.4.2 Aerospace: Middle East & Africa Hybrid Composites Market - Revenue and Forecast to 2028 (US$ Million)
9.5 Marine
- 9.5.1 Overview
- 9.5.2 Marine: Middle East & Africa Hybrid Composites Market - Revenue and Forecast to 2028 (US$ Million)
9.6 Wind Energy
- 9.6.1 Overview
- 9.6.2 Wind Energy: Middle East & Africa Hybrid Composites Market - Revenue and Forecast to 2028 (US$ Million)
9.7 Sporting Goods
- 9.7.1 Overview
- 9.7.2 Sporting Goods: Middle East & Africa Hybrid Composites Market- Revenue and Forecast to 2028 (US$ Million)
9.8 Others
- 9.8.1 Overview
- 9.8.2 Others: Middle East & Africa Hybrid Composites Market - Revenue and Forecast to 2028 (US$ Million)

10. Middle East & Africa Hybrid Composites Market - Country Analysis

10.1 Overview
- 10.1.1 Middle East & Africa Hybrid Composites Market, by Key Country -Revenue (2022) (US$ Million)
- 10.1.2 Middle East & Africa Hybrid Composites Market, by Key Country
  - 10.1.2.1 South Africa: Middle East & Africa Hybrid Composites Market -Revenue and Forecast to 2028 (US$ Million)
  - 10.1.2.2 South Africa: Middle East & Africa Hybrid Composites Market -Volume and Forecast to 2028 (Kilo Tons)
    - 10.1.2.2.1 South Africa: Middle East & Africa Hybrid Composites Market, by Fiber Type
    - 10.1.2.2.2 South Africa: Middle East & Africa Hybrid Composites Market, by Fiber Type
    - 10.1.2.2.3 South Africa: Middle East & Africa Hybrid Composites Market, by Resin
    - 10.1.2.2.4 South Africa: Middle East & Africa Hybrid Composites Market, by Application
  - 10.1.2.3 Saudi Arabia: Middle East & Africa Hybrid Composites Market -Revenue and Forecast to 2028 (US$ Million)
  - 10.1.2.4 Saudi Arabia: Middle East & Africa Hybrid Composites Market -Volume and Forecast to 2028 (Kilo Tons)
    - 10.1.2.4.1 Saudi Arabia: Middle East & Africa Hybrid Composites Market, by Fiber Type
    - 10.1.2.4.2 Saudi Arabia: Middle East & Africa Hybrid Composites Market, by Fiber Type
    - 10.1.2.4.3 Saudi Arabia: Middle East & Africa Hybrid Composites Market, by Resin
    - 10.1.2.4.4 Saudi Arabia: Middle East & Africa Hybrid Composites Market, by Application
  - 10.1.2.5 UAE: Middle East & Africa Hybrid Composites Market -Revenue and Forecast to 2028 (US$ Million)
  - 10.1.2.6 UAE: Middle East & Africa Hybrid Composites Market -Volume and Forecast to 2028 (Kilo Tons)
    - 10.1.2.6.1 UAE: Middle East & Africa Hybrid Composites Market, by Fiber Type
    - 10.1.2.6.2 UAE: Middle East & Africa Hybrid Composites Market, by Fiber Type
    - 10.1.2.6.3 UAE: Middle East & Africa Hybrid Composites Market, by Resin
    - 10.1.2.6.4 UAE: Middle East & Africa Hybrid Composites Market, by Application
  - 10.1.2.7 Rest of Middle East & Africa Hybrid Composites Market -Revenue and Forecast to 2028 (US$ Million)
  - 10.1.2.8 Rest of Middle East & Africa Hybrid Composites Market -Volume and Forecast to 2028 (Kilo Tons)
    - 10.1.2.8.1 Rest of Middle East & Africa Hybrid Composites Market, by Fiber Type
    - 10.1.2.8.2 Rest of Middle East & Africa Hybrid Composites Market, by Fiber Type
    - 10.1.2.8.3 Rest of Middle East & Africa Hybrid Composites Market, by Resin
    - 10.1.2.8.4 Rest of Middle East & Africa Hybrid Composites Market, by Application

11. Middle East & Africa Hybrid Composite Market Industry Landscape

11.1 Overview
11.2 Product Launch
11.3 Merger and Acquisitions
11.4 Partnerships
11.5 Expansion

12. Company Profiles

12.1 Hexcel Corp
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 Lanxess AG
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 SGL Carbon SE
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 Gurit Holding AG
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Avient Corp
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 Solvay SA
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 PGTEX China Co Ltd
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 Toray Industries Inc
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
12.9 Mitsubishi Chemical Holdings Corp
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments

13. Appendix

13.1 About The Insight Partners
13.2 Glossary of Terms