Market Size of Middle-East And Africa Aerospace Composites Industry
| 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 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 Size Summary
The Middle-East and Africa aerospace composites market is experiencing significant growth, driven by the expansion of the regional aviation industry and increasing air passenger traffic. This growth is fueled by the procurement of new commercial and general aviation aircraft, which heavily utilize aerospace composites due to their lightweight and durable properties. The demand for advanced composites is further bolstered by investments in space development programs in countries like Saudi Arabia and Israel. These materials offer advantages such as reduced tooling costs and enhanced resistance to environmental factors, making them preferable over traditional materials like aluminum and steel. However, the market faces challenges from volatile pricing and the dominance of existing materials.
The market is characterized by the presence of major players such as Solvay SA, Saint-Gobain SA, Kaman Corporation, Hexcel Corporation, and DuPont de Nemours Inc., who are actively investing in material technology advancements. The consolidation of the market is evident with international suppliers providing composites to leading aircraft manufacturers like Boeing and Airbus. Notable developments include significant aircraft orders from Emirates Airlines and Saudi Arabian Airlines, as well as the resumption of Boeing's B787 Dreamliner deliveries. The United Arab Emirates' increased defense spending and fleet expansion by domestic airlines further contribute to market growth. These trends indicate a robust expansion trajectory for the aerospace composites market in the region over the forecast period.
Middle-East And Africa Aerospace Composites Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Application Type
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2.1.1 Commercial and General Aviation
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2.1.2 Military Aviation
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2.1.3 Space
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2.2 Country
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2.2.1 United Arab Emirates
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2.2.2 Saudi Arabia
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2.2.3 Israel
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2.2.4 South Africa
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2.2.5 Turkey
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2.2.6 Rest of Middle-East and Africa
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Middle-East And Africa Aerospace Composites Market Size 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.
