MIDDLE EAST AND AFRICA REINFORCEMENT MATERIALS MARKET 2021-2028

Chemicals & Materials | Specialty Chemicals

MIDDLE EAST AND AFRICA REINFORCEMENT MATERIALS MARKET 2021-2028

Market by Application, Fiber Type, and Country | Forecast 2021-2028

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Triton’s report estimates that the reinforcement materials market in the Middle East and Africa is probable to grow as per revenue at a compound annual growth rate of 5.77% during the years 2021-2028. Further, it is projected to witness growth at a CAGR of 5.13% in terms of volume during the considered years.


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The countries reviewed for analysis in this market are:

•        United Arab Emirates

•        Turkey

•        South Africa

•        Saudi Arabia

•        Rest of Middle East & Africa

In the Middle East and Africa, the rising oil prices, along with striving economic diversification schemes, are likely to augment the performance of the region’s nations in the near future. Moreover, the expected surge in the oil prices will permit governments to allot more resources towards the infrastructural projects, further motivating the construction sector’s growth. Here, the rise in construction projects will positively influence the demand for reinforcement materials for various purposes. Hence, the construction sector growth is anticipated to drive the reinforcement materials market across the Middle East and Africa region.

In Turkey, the construction sector is expected to revive from the economic fall, owing to the government’s focus on the development of transport, energy, and residential infrastructure. Moreover, the investments under the country’s 11th five-year development plan are also expected to enhance the construction sector in the country. This growth in construction projects will strengthen the demand for reinforcement materials for multiple applications. Therefore, the construction sector is expected to widen the scope and progress of the reinforcement materials market across Turkey in the upcoming years.

Hyosung Corporation is involved in business through multiple segments, including textile and trading, construction, industrial materials, and chemical products, among others. The company provides its reinforcement materials via industrial materials, offering advanced materials, tire reinforcements, airbags, and others. Additionally, aramid yarn is used for bulletproofing, automobile belts, hoses, tire reinforcement, construction, and composite materials reinforcement. The company has operations spread across several regions, including the Middle East and Africa. 

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Table of Content

1.    MIDDLE EAST AND AFRICA REINFORCEMENT MATERIALS MARKET - SUMMARY

2.    INDUSTRY OUTLOOK

2.1. MARKET DEFINITION

2.2. KEY INSIGHTS

2.2.1. CONSTRUCTION IS LARGEST APPLICATION IN MARKET

2.2.2. CARBON FIBER IS FASTEST-GROWING FIBER TYPE IN MARKET

2.2.3. RAPID ADOPTION OF REINFORCEMENT MATERIALS IN INDUSTRIAL APPLICATION

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTE

2.3.3. BARGAINING POWER OF SUPPLIERS

2.3.4. BARGAINING POWER OF BUYERS

2.3.5. INTENSITY OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. MARKET DRIVERS

2.6.1. HIGH DEMAND FOR LIGHTWEIGHT MATERIALS

2.6.2. IMPROVED PRODUCT QUALITY DUE TO REINFORCEMENT

2.7. MARKET RESTRAINTS

2.7.1. EXPENSIVE PROCESS

2.7.2. REPAIR & RECYCLING ISSUES

2.8. MARKET OPPORTUNITIES

2.8.1. GROWTH IN AEROSPACE & DEFENSE SECTOR

2.8.2. RISE OF APPLICATION OF REINFORCEMENT MATERIALS IN MULTIPLE SECTORS

2.9. MARKET CHALLENGES

2.9.1. ENVIRONMENTAL ISSUES

2.10. IMPACT OF CORONAVIRUS ON REINFORCEMENT MATERIALS MARKET

3.    MIDDLE EAST AND AFRICA REINFORCEMENT MATERIALS MARKET OUTLOOK - BY APPLICATION

3.1. CONSTRUCTION

3.2. TRANSPORTATION

3.3. CONSUMER GOODS

3.4. INDUSTRIAL APPLICATION

3.5. WIND ENERGY

3.6. AEROSPACE & DEFENSE

3.7. OTHER APPLICATIONS

4.    MIDDLE EAST AND AFRCA REINFORCEMENT MATERIALS MARKET OUTLOOK - BY FIBER TYPE

4.1. GLASS FIBER

4.1.1. ROVINGS

4.1.2. CHOPPED STRAND

4.1.3. FABRICS

4.1.4. WOVEN ROVING

4.1.5. CSM/CFM

4.1.6. OTHER GLASS FIBER TYPE

4.2. ARAMID FIBER

4.2.1. PARA-ARAMID FIBER

4.2.2. META-ARAMID FIBER & OTHERS

4.3. CARBON FIBER

4.3.1. PAN

4.3.2. PITCH, RAYON, & OTHERS (LIGNIN)

4.4. NATURAL FIBER

4.4.1. FLAX

4.4.2. KENAF

4.4.3. HEMP

4.4.4. JUTE

4.4.5. OTHERS

4.5. STEEL REBAR

5.    REINFORCEMENT MATERIALS MARKET - MIDDLE EAST AND AFRICA

5.1. UNITED ARAB EMIRATES

5.2. TURKEY

5.3. SAUDI ARABIA

5.4. SOUTH AFRICA

5.5. REST OF MIDDLE EAST & AFRICA

6.    COMPETITIVE LANDSCAPE

6.1. BASF

6.2. DUPONT

6.3. HONEYWELL INTERNATIONAL INC

6.4. NFC FIBERS GMBH

6.5. TEIJIN LTD

6.6. TORAY INDUSTRIES INC

6.7. OWENS CORNING

6.8. HYOSUNG CORPORATION

6.9. BINANI INDUSTRIES

6.10. BAST FIBERS LLC

7.    RESEARCH METHODOLOGY & SCOPE

7.1. RESEARCH SCOPE & DELIVERABLES

7.1.1. OBJECTIVES OF STUDY

7.1.2. SCOPE OF STUDY

7.2. SOURCES OF DATA

7.2.1. PRIMARY DATA SOURCES

7.2.2. SECONDARY DATA SOURCES

7.3. RESEARCH METHODOLOGY

7.3.1. EVALUATION OF PROPOSED MARKET

7.3.2. IDENTIFICATION OF DATA SOURCES

7.3.3. ASSESSMENT OF MARKET DETERMINANTS

7.3.4. DATA COLLECTION

7.3.5. DATA VALIDATION & ANALYSIS

List of table

TABLE 1: MIDDLE EAST AND AFRICA REINFORCEMENT MATERIALS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)  

TABLE 2: MIDDLE EAST AND AFRICA REINFORCEMENT MATERIALS MARKET, BY COUNTRY, 2021-2028 (IN KILOTON)    

TABLE 3: VENDOR SCORECARD        

TABLE 4: MIDDLE EAST AND AFRICA REINFORCEMENT MATERIALS MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)       

TABLE 5: MIDDLE EAST AND AFRICA REINFORCEMENT MATERIALS MARKET, BY APPLICATION, 2021-2028 (IN KILOTON)         

TABLE 6: MIDDLE EAST AND AFRICA REINFORCEMENT MATERIALS MARKET, BY FIBER TYPE, 2021-2028 (IN $ MILLION)           

TABLE 7: MIDDLE EAST AND AFRICA REINFORCEMENT MATERIALS MARKET, BY FIBER TYPE, 2021-2028 (IN KILOTON) 

TABLE 8: MIDDLE EAST AND AFRICA GLASS FIBER MARKET, BY TYPE, 2021-2028 (IN $ MILLION)      

TABLE 9: MIDDLE EAST AND AFRICA GLASS FIBER MARKET, BY TYPE, 2021-2028 (IN KILOTON)     

TABLE 10: MIDDLE EAST AND AFRICA ARAMID FIBER MARKET, BY TYPE, 2021-2028 (IN $ MILLION)      

TABLE 11: MIDDLE EAST AND AFRICA ARAMID FIBER MARKET, BY TYPE, 2021-2028 (IN KILOTON)     

TABLE 12: MIDDLE EAST AND AFRICA CARBON FIBER MARKET, BY TYPE, 2021-2028 (IN $ MILLION)      

TABLE 13: MIDDLE EAST AND AFRICA CARBON FIBER MARKET, BY TYPE, 2021-2028 (IN KILOTON)     

TABLE 14: MIDDLE EAST AND AFRICA NATURAL FIBER MARKET, BY TYPE, 2021-2028 (IN $ MILLION)      

TABLE 15: MIDDLE EAST AND AFRICA NATURAL FIBER MARKET, BY TYPE, 2021-2028 (IN KILOTON)                  

List of Figures

FIGURE 1: MIDDLE EAST AND AFRICA REINFORCEMENT MATERIALS MARKET, BY APPLICATION, 2020 AND 2028 (IN %)  

FIGURE 2: MIDDLE EAST AND AFRICA CONSTRUCTION MARKET 2021-2028 (IN $ MILLION)           

FIGURE 3: MIDDLE EAST AND AFRICA CARBON FIBER MARKET 2021-2028 (IN $ MILLION)           

FIGURE 4: MIDDLE EAST AND AFRICA INDUSTRIAL APPLICATION MARKET 2021-2028 (IN $ MILLION)      

FIGURE 5: PORTER’S FIVE FORCES ANALYSIS     

FIGURE 6: MARKET ATTRACTIVENESS INDEX       

FIGURE 7: MIDDLE EAST AND AFRICA REINFORCEMENT MATERIALS MARKET, BY CONSTRUCTION, 2021-2028 (IN $ MILLION)  

FIGURE 8: MIDDLE EAST AND AFRICA REINFORCEMENT MATERIALS MARKET, BY TRANSPORTATION, 2021-2028 (IN $ MILLION)         

FIGURE 9: MIDDLE EAST AND AFRICA REINFORCEMENT MATERIALS MARKET, BY CONSUMER GOODS, 2021-2028 (IN $ MILLION)      

FIGURE 10: MIDDLE EAST AND AFRICA REINFORCEMENT MATERIALS MARKET, BY INDUSTRIAL APPLICATION, 2021-2028 (IN $ MILLION)      

FIGURE 11: MIDDLE EAST AND AFRICA REINFORCEMENT MATERIALS MARKET, BY WIND ENERGY, 2021-2028 (IN $ MILLION)     

FIGURE 12: MIDDLE EAST AND AFRICA REINFORCEMENT MATERIALS MARKET, BY AEROSPACE & DEFENSE, 2021-2028 (IN $ MILLION)         

FIGURE 13: MIDDLE EAST AND AFRICA REINFORCEMENT MATERIALS MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)     

FIGURE 14: MIDDLE EAST AND AFRICA GLASS FIBER MARKET, BY GLASS FIBER, 2021-2028 (IN $ MILLION)        

FIGURE 15: MIDDLE EAST AND AFRICA REINFORCEMENT MATERIALS MARKET, BY ARAMID FIBER, 2021-2028 (IN $ MILLION)          

FIGURE 16: MIDDLE EAST AND AFRICA REINFORCEMENT MATERIALS MARKET, BY CARBON FIBER, 2021-2028 (IN $ MILLION)    

FIGURE 17: MIDDLE EAST AND AFRICA REINFORCEMENT MATERIALS MARKET, BY NATURAL FIBER, 2021-2028 (IN $ MILLION)  

FIGURE 18: MIDDLE EAST AND AFRICA REINFORCEMENT MATERIALS MARKET, BY STEEL REBAR, 2021-2028 (IN $ MILLION)        

FIGURE 19: MIDDLE EAST AND AFRICA REINFORCEMENT MATERIALS MARKET, REGIONAL OUTLOOK, 2020 AND 2028 (IN %)        

FIGURE 20: UNITED ARAB EMIRATES REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)   

FIGURE 21: TURKEY REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)  

FIGURE 22: SAUDI ARABIA REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)      

FIGURE 23: SOUTH AFRICA REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)      

FIGURE 24: REST OF MIDDLE EAST & AFRICA REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)           

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