According to a new market report published by
Lucintel, the future of the glass fiber market in the Middle East region looks
good with opportunities in the pipe and tank, construction, transportation,
marine and others. The glass fiber market in Middle East region is forecast to
grow at a CAGR of 5.0% by value from 2016 to 2021. The major driver for market growth
is the rise in demand for glass fiber composites made products, such as pipe and
tank, grating, bathtub, and FRP ( fiber reinforced plastic) panels.
In this market, pipe and tank, construction,
transportation and marine are the major end use industries of glass fiber. Lucintel
predicts that the demand for glass fiber in construction application is
expected to experience the highest growth rate in the forecast period. Growing demand for corrosion resistance,
lightweight, flexibility and durability of FRP products is the major driver for
glass fiber in the construction industry.
Within the Middle East glass fiber market pipe and tank is expected to remain
as the largest market by value and volume consumption. Growth of oil and gas exploration activities and
construction of water supply system is the major driver for glass fiber market
for this segment. High
temperature and humidity levels coupled with high soil salinity are expected
to spur growth for this segment over the forecast period.
Saudi Arabia is expected to remain the largest
market during the forecast period in terms of value and volume, due to growth
in end use industries. Saudi Arabia, Egypt, UAE and Iran are expected to show above
average growth during the forecast period by virtue of growing pipe and tank,
and construction market. Increased investment in large scale infrastructure and
industrial projects are the major force that drives the pipe and tank and construction
market especially in Saudi Arabia and UAE.
For market
expansion, the report suggests new product development, where the unique
characteristics of glass fiber can be capitalized. The report further suggests
the companies are expanding their capacity for driving growth.
Emerging trends in the Middle East glass
fiber market, which have a direct impact on the dynamics of the industry, are
the cost optimization and performance enhancement of high performance glass
fibers. Jushi Egypt Fiberglass, Abahsian Fiberglass,
Sharico, and Eastern Petrochemical Company are among the major players of glass
fiber market in the Middle East region.
Lucintel, a
leading global strategic consulting and market
research firm, has analyzed growth opportunities in the middle east glass fiber
market by end use industries and country and has come up with a comprehensive
research report, “Growth
Opportunities in the Middle East Glass Fiber Market 2016-2021: Trends,
Forecast, and Opportunity Analysis.” The
Lucintel report serves as a spring board for growth strategy as it provides a
comprehensive data and analysis on trends, key drivers, and directions. The
study includes a forecast for the middle east glass fiber market through 2021,
segmented by end use industries and country as follows:
By end use industries (Value
($M) and Volume (M lbs) shipment analysis for 2010 – 2021):
·
Pipe and Tank
·
Construction
·
Transportation
·
Marine
·
Others
By country (Value ($M) and Volume (M lbs) shipment
analysis for 2010 – 2021):
·
Saudi Arabia
·
UAE
·
Egypt
·
Iran
·
Others
This
110-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/middle_eastern_frp_pipe_industry_2016_2021.aspx
or
helpdesk@lucintel.com. Lucintel offerings include Advanced
Materials Reports, Composite
Materials Market Report, Commercial Due Diligence
Report, Market
Research Reports Online and
Business
Strategy Consulting.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This report answers following 11 key
questions:
Q.1: What are some of the most promising,
high-growth opportunities for glass fiber in the Middle East region by end use
industry and country?
Q.
2: Which product segments will grow at a faster pace and why?
Q.
3. Which country will grow at a faster
pace and why?
Q.4:
What are the key factors affecting market dynamics? What are the drivers and
challenges of the market?
Q.5:
What are the business risks and competitive threats in this market?
Q.6.What
are emerging trends in this market and reasons behind them?
Q.7.What
are some changing demands of customers in the market?
Q.8.What
are the new developments in the market and which companies are leading these
developments?
Q.9.Who
are the major players in this market? What strategic initiatives are being
implemented by key companies for business growth?
Q.10.
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 materials / product
substitution?
Q.
11. What M & A activities has transpired in the last 5 years in this market
and what is its impact on the industry?
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