Middle-East And Africa Aerospace Composites Market Size
| Study Period | 2019-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 5.27 Billion |
| Market Size (2029) | USD 8.60 Billion |
| CAGR (2024 - 2029) | 10.32 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Middle-East And Africa Aerospace Composites Market Analysis
The Middle-East And Africa Aerospace Composites Market size is estimated at USD 5.27 billion in 2024, and is expected to reach USD 8.60 billion by 2029, growing at a CAGR of 10.32% during the forecast period (2024-2029).
The development of the regional aviation industry and the rise in air passenger traffic in the Middle-East and Africa region is leading to the procurement of new commercial and general aviation aircraft by major airlines, businesses, etc. This is propelling the demand for aerospace composites in the region since composites are a major constituent in the newer generation of aircraft.
The investments in space development and exploration programs by countries such as Saudi Arabia and Israel, the rise in demand for advanced composites owing to their lightweight, thermal, and chemical resistant properties, reduced tooling and machining cost, etc., are driving the market growth for advanced composites in the region. However, volatile prices in the industry and the stronghold of the market by the presence of existing materials such as aluminum and steel are restraining the growth of the market.
Middle-East And Africa Aerospace Composites Market Trends
Commercial Aviation Segment to Exhibit the Highest Growth Rate
The growing air passenger traffic in the Middle-East and African region is propelling the market growth for new narrow-body and wide-body aircraft. In November 2023, Dubai's Emirates Airlines signed an order for 15 Airbus A350-900 wide-body jets, which is worth USD 6 billion. Airbus has delivered ten new 320neos to Middle-East airlines Jazeera from 2021 till today. Airbus uses materials such as carbon fiber-reinforced plastic (CFRP), which provides a high strength-to-weight ratio and high resistance to corrosion. The lower weight of composite-made aircraft provides high fuel efficiency and load capacity as well. Aircraft such as Airbus A350 XWB and Boeing B787 are made up of more than 50% composite materials. Airbus is currently testing 4D printing technology and digital materials, which will change the physical structure when coming in contact with environmental forces. Also, in November 2022, Boeing announced the resumption of deliveries of its B787 Dreamliner wide-body aircraft to airlines in Middle-East and Africa, following a pause of more than a year owing to manufacturing flaws. Such developments and increasing orders from the region will propel the growth of the market during the forecast period.
United Arab Emirates to Witness the Highest Growth Rate During the Forecast Period
The United Arab Emirates is one of the largest importers of weapons in the region, and it has significantly increased its spending on the procurement of new defense aircraft. In November 2023, a purchase agreement for 40 Calidus B-250T turboprop warplanes was inked by the United Arab Emirates Air Force. The new B-250 aircraft will feature extensive use of composites. The country’s initial request for procuring F-35 advanced aircraft was turned down by the United States, and in 2019, the United Arab Emirates showed interest in joining the Su-57 development program after Russia made an offer to produce some parts of the aircraft in the United Arab Emirates. Composite materials are extensively used in the RAFALE, and they account for 70% of the wetted area. They also account for the 40% increase in the max take-off weight to empty weight ratio compared with traditional airframes built of aluminum and titanium. The wings - swept-back, delta wings with close-coupled, fully moving canards are predominantly composites with titanium slats, Kevlar wing roots, and tip fairings. The single vertical tail fin is carbon fiber with a honeycomb core in the rudder. Engine and wheel doors are also carbon fiber. By the end of 2022, the United Arab Emirates had ordered 80 Dassault Rafale jets. Due to the rise in business and tourism travel in the country, domestic airlines such as Emirates are expanding their fleet by procuring new aircraft. Developments such as these will enhance the growth of the market during the forecast period.
Middle-East And Africa Aerospace Composites Industry Overview
The Middle-East And African aerospace composites market is consolidated with players such as Solvay SA, Saint-Gobain SA, Kaman Corporation, Hexcel Corporation, DuPont de Nemours Inc., etc., dominating the market. The market is marked by the presence of international suppliers of composites for aircraft companies such as Boeing, Airbus SE, Lockheed Martin Corporation, etc. The market players are heavily investing in the development of material technology while subsequently upgrading the existing materials. The supplier and manufacturing contracts provided by the aircraft manufacturers and MRO service providers are the main source of revenue for the market players.
Middle-East And Africa Aerospace Composites Market Leaders
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Hexcel Corporation
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Kaman Corporation
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Saint-Gobain SA
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Solvay SA
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DuPont de Nemours Inc.
*Disclaimer: Major Players sorted in no particular order
Middle-East And Africa Aerospace Composites Market News
Mar 2023: Boeing and Saudi Arabian Airlines (SAUDIA) announced that the national flag carrier will grow its long-haul fleet with the selection of up to 49 B787 Dreamliners. SAUDIA is set to purchase 39 787s, with a further 10 options, utilizing the outstanding efficiency, range, and flexibility of the Dreamliner to grow its global operation sustainably. The agreement will include both B787-9 and B787-10 models.
Jun 2022: Lockheed Martin and Korea Aerospace Industries (KAI) have signed a teaming agreement to explore future opportunities for the T-50 advanced jet trainer. As part of the agreement, KAI and Lockheed Martin will offer T-50s for training aircraft programs worldwide.
Middle-East And Africa Aerospace Composites Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Application Type
5.1.1 Commercial and General Aviation
5.1.2 Military Aviation
5.1.3 Space
5.2 Country
5.2.1 United Arab Emirates
5.2.2 Saudi Arabia
5.2.3 Israel
5.2.4 South Africa
5.2.5 Turkey
5.2.6 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Solvay SA
6.1.2 Notus Composites
6.1.3 Veplas Group
6.1.4 DuPont de Nemours Inc.
6.1.5 Hexcel Corporation
6.1.6 Kaman Corporation
6.1.7 Victrex PLC
6.1.8 Unitech Composites Inc.
6.1.9 Toray Industries Inc.
6.1.10 Saint-Gobain SA
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Middle-East And Africa Aerospace Composites Industry Segmentation
Aerospace composites are chosen for their ability to provide a combination of lightweight, high strength, corrosion resistance, and fatigue resistance. These characteristics make composites particularly suitable for applications where traditional materials like metals might be less efficient due to their weight or susceptibility to corrosion.
The Middle-East and African Aerospace Composites Market is segmented by Application (Commercial And General Aviation, Military Aviation, and Space) and Geography (United Arab Emirates, Saudi Arabia, Israel, South Africa, Turkey, and the Rest of Middle-East and Africa). The report offers the market size in value terms in USD for all the abovementioned segments.
| Application Type | |
| Commercial and General Aviation | |
| Military Aviation | |
| Space |
| Country | |
| United Arab Emirates | |
| Saudi Arabia | |
| Israel | |
| South Africa | |
| Turkey | |
| Rest of Middle-East and Africa |
Middle-East And Africa Aerospace Composites Market Research FAQs
How big is the Middle-East And Africa Aerospace Composites Market?
The Middle-East And Africa Aerospace Composites Market size is expected to reach USD 5.27 billion in 2024 and grow at a CAGR of 10.32% to reach USD 8.60 billion by 2029.
What is the current Middle-East And Africa Aerospace Composites Market size?
In 2024, the Middle-East And Africa Aerospace Composites Market size is expected to reach USD 5.27 billion.
Who are the key players in Middle-East And Africa Aerospace Composites Market?
Hexcel Corporation, Kaman Corporation, Saint-Gobain SA, Solvay SA and DuPont de Nemours Inc. are the major companies operating in the Middle-East And Africa Aerospace Composites Market.
What years does this Middle-East And Africa Aerospace Composites Market cover, and what was the market size in 2023?
In 2023, the Middle-East And Africa Aerospace Composites Market size was estimated at USD 4.73 billion. The report covers the Middle-East And Africa Aerospace Composites Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Middle-East And Africa Aerospace Composites Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Middle-East And Africa Aerospace Composites Industry Report
Statistics for the 2024 Middle-East and Africa Aerospace Composites market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Middle-East and Africa Aerospace Composites analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Middle-East And Africa Aerospace Composites Market Report Snapshots
