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UAE Automotive Carbon Fiber Composites Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

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The automotive carbon-fiber composites market in UAE is expected to grow at a CAGR of 10.12% during the forecast period. The need for lightweight and fuel efficient vehicles, driven by the setting up of  fuel economy and emission standards by the government, has significantly shifted manufacturers’ focus towards automotive composites in the country. The increased use of composites as the favorable material option is what automotive OEMs are investigating to keep up with evolving fuel economy standards. The increase in demand for passenger vehicles in the country will significantly drive the growth of the market. Demand in the passenger vehicle segment is expected to grow by 20-25% by the end of 2020 in UAE. The country’s strong economic growth, solid household spending and increased access to vehicle financing are set to be the drivers of the passenger vehicle automotive industry by 2020.

The demand for carbon-fiber composites, also termed carbon-fiber reinforced plastics (or CFRP), is increasing due to the need for highly flexible, sturdy, light materials that possess corrosion-resistance ability, in all the vehicle applications by the OEMs . Carbon-fiber composites weigh about 25% to that of steel and provide better resistance in terms of stiffness and strength that in turn varies with fiber grade and orientation. The factor that affects the growth of the market adversely is the cost associated with carbon fiber composites, significantly higher than steel or aluminum, along with the high production cost. The trend fostering the interest of the automotive industry in carbon composites is the series of partnerships and collaborations formed by the auto OEM/fiber suppliers over the last 2 years. BMW and SGL partnered to provide carbon-fiber material for the BMW i3.

This report segments the UAE market for automotive carbon-fiber composites by production type and application type.

Some key players of the market are:

  • Cytec Industries Inc.
  • SGL Group
  • Toray Industries Inc.

Key Deliverables in the Study

  • Market analysis for the UAE automotive carbon fiber composites market, with region-specific assessments and competition analysis on global and regional scale.
  • Market definition along with the identification of key drivers and restraints.
  • Identification of factors instrumental in changing the market scenario and rising prospective opportunities, along with the identification of key companies that can influence this market on a global and regional scale.
  • Extensively researched competitive landscape section with profiles of major companies along with their market share.
  • Identification and analysis of the macro and micro factors that affect the UAE automotive carbon fiber composites market on both global and regional scale.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
  • A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
  • Insights on the major countries/regions where this industry is blooming and to also identify the regions that are still untapped.

1. INTRODUCTION

                1.1 Research Methodology

                1.2 Objectives

                1.3 Report Description

2. KEY FINDINGS OF THE STUDY

3. MARKET OVERVIEW

                3.1 Introduction

                3.2 New Developments in R&D/ Latest Technologies

4. MARKET DYNAMICS

                4.1 Drivers

                4.2 Constraints

                4.3 Opportunities

                4.4 Porter's Five Forces Analysis

5. MARKET SEGMENTATION

                5.1 By Production Type (Growth, Trends and Forecasts)

                                5.1.1 Hand Layup

                                5.1.2 Resin Transfer Molding

                                5.1.3 Vacuum Infusion Processing

                                5.1.4 Injection Molding

                                5.1.5 Compression Molding

                5.2 By Application Type (Market crackdown, trends and forecasts)

                                5.2.1 Structural Assembly

                                5.2.2 Power Train Components

                                5.2.3 Interior

                                5.2.4 Exterior

                                5.2.5 Others

6. COMPETITIVE LANDSCAPE

                6.1 Mergers & Acquisitions

                6.2 Joint Ventures

                6.3 New Product Launches

                6.4 Most active companies in the past five years

                6.5 Market Share Analysis

7. KEY PLAYERS (Overview, Strategies, Developments, Analyst Perspective)

                7.1 ACP Composites

                7.2 Clear Water Composites LLC

                7.3 Cytec Industries Inc.

                7.4 Formtech Composites

                7.5 Hexcel Corporation

                7.6 HITCO Carbon composites Inc.

                7.7 Kemrock Industries and Exports Limited

                7.8 Mitsubishi Rayon Carbon Fiber & Composites

                7.9  mouldCAM Pty Ltd.

                7.10 Polar Manufacturing Ltd

                7.11 Protech Composites

                7.12 Revchem Composites

                7.13 Rock West Composites

                7.14 SGL Group

                7.15 Toho Tenax America, Inc.

                7.16 Toray Industries Inc.

                7.17 Wolf Composites

                7.18 Zoltek Carbon Fiber 

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