Middle East & Africa Green Carbon Fiber Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Chopper Recycled Carbon Fiber and Milled Recycled Carbon Fiber), Source (Automotive Scrap, Aerospace Scrap, and Others), and Application (Aerospace, Automotive, Wind Energy, Sporting Goods, and Others)

May 2023 | 107 pages | ID: M55CB5CE7CD1EN
The Insight Partners

Abstracts

The Middle East & Africa green carbon fiber market was valued at US$ 9.63 million in 2022 and is expected to reach US$ 17.24 million by 2028. It is estimated to register a CAGR of 10.2% from 2022 to 2028.

Key Strategic Developments by Green Carbon Fiber Manufacturers in Middle East & Africa Green Carbon Fiber Market

The green carbon fiber market is growing with an upward trend. Market players focus on strategic activities such as collaborations and acquisitions are surging the market growth of green carbon fibers. For instance, In 2021, Procotex Corporation acquired ELG Carbon Fiber. The acquisition aims to enable the company to produce improved carbon fiber and feedstock capacities. Green carbon fiber manufacturers use strategies such as collaborations, mergers and acquisitions, and expansions to stay competitive. Strategic initiatives will open new opportunities for the green carbon fiber market over the forecast period.

Middle East & Africa Green Carbon Fiber Market Overview

The Middle East & Africa green carbon fiber market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The green carbon fiber market in the Middle East & Africa is expected to grow significantly during the forecast period as the manufacturers are adopting develop sustainable and environmental-friendly raw materials to reduced environmental pollution. The growth of the aviation industry due to various government initiatives is another significant factor driving the demand for recycle carbon fiber in the region as it provides durability and toughness to the aircraft. In March 2023, the Government of Saudi Arabia announced an investment of US$ 100 billion in the aviation sector to meet the growing demand for commercial aircraft. Further, with the growing awareness of a sustainable environment and increasing landfilling costs, the demand for recycled carbon fibers in the aviation industry has increased owing to their high value and low cost. Moreover, the automotive industry is also growing rapidly, boosting the demand for recycled raw materials from automotive manufacturers in the region. The automotive industry frequently uses recycled carbon fibers to make chassis panels, floors, roof panels, spare wheel wells, and boot or bonnet inners. Also, it is cost effective to use recycled carbon fiber in automotive parts. These factors are expected to boost the Middle east & Africa green carbon fiber market growth.

Middle East & Africa Green Carbon Fiber market Revenue and Forecast to 2028 (US$ Million)

Middle East & Africa Green Carbon Fiber market Segmentation

The Middle East & Africa green carbon fiber market is segmented on the basis of type, source, application, and country. On the basis of type, the Middle East & Africa green carbon fiber market is segmented into chopped recycled carbon fiber and milled recycled carbon fiber. The milled recycled carbon fiber segment registered the largest market share in 2022.

Based on source, the Middle East & Africa green carbon fiber market is further segmented into automotive scrap, aerospace scrap, and others. The automotive scrap segment registered the largest market share in 2022.

Based on application, the Middle East & Africa green carbon fiber market is further segmented into aerospace, automotive, wind energy, sporting goods, and others. The wind energy segment registered the largest market share in 2022.

Based on country, the Middle East & Africa green carbon fiber market is segmented into South Africa, Saudi Arabia, UAE, and the Rest of Middle East & Africa. Saudi Arabia dominated the market share in 2022.

Carbon Conversions Co, Catack-H Co Ltd, Procotex Corp SA, SGL Carbon SE, Sigmatex (UK) Ltd., and Toray Industries Inc are the leading companies operating in the Middle East & Africa green carbon fiber market.

Contents

1. INTRODUCTION

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Middle East & Africa Green Carbon Fiber Market – By Type
1.3.2 Middle East & Africa Green Carbon Fiber Market – By Source
1.3.3 Middle East & Africa Green Carbon Fiber Market – By Application
1.3.4 Middle East & Africa Green Carbon Fiber Market – By Country

2. KEY TAKEAWAYS


3. RESEARCH METHODOLOGY

3.1 Coverages
3.2 Secondary Research
3.3 Primary Research

4. MIDDLE EAST & AFRICA GREEN CARBON FIBER MARKET LANDSCAPE

4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Threat of New Entrants:
4.2.2 Bargaining Power of Suppliers:
4.2.3 Bargaining Power of Buyers:
4.2.4 Intensity of Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
4.4 Expert Opinions

5. MIDDLE EAST & AFRICA GREEN CARBON FIBER MARKET – KEY INDUSTRY DYNAMICS

5.1 Market Drivers
5.1.1 Benefits of Green Carbon Fiber
5.1.2 Increase in Use of Green Carbon Fiber in Wind Energy Industry
5.2 Market Restraints
5.2.1 Scarcity of Composite Waste and Lack of Technical Expertise in Recycling Carbon Fiber
5.3 Market Opportunities
5.3.1 Key Strategic Developments by Green Carbon Fiber Manufacturers
5.4 Future Trends
5.4.1 Rising Popularity of Electric Cars and Increasing Use of Green Carbon Fiber in EVs
5.5 Impact Analysis

6. GREEN CARBON FIBER – MIDDLE EAST & AFRICA MARKET ANALYSIS

6.1 Middle East & Africa Green Carbon Fiber Market Forecast and Analysis

7. MIDDLE EAST & AFRICA GREEN CARBON FIBER MARKET ANALYSIS – BY TYPE

7.1 Overview
7.2 Middle East & Africa Green Carbon Fiber Market, By Type (2021 and 2028)
7.3 Chopped Recycled Carbon Fiber
7.3.1 Overview
7.3.2 Chopped Recycled Carbon Fiber: Green Carbon Fiber Market – Volume and Forecast to 2028 (Kilo Tons)
7.3.3 Chopped Recycled Carbon Fiber: Green Carbon Fiber Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Milled Recycled Carbon Fiber
7.4.1 Overview
7.4.2 Milled Recycled Carbon Fiber: Green Carbon Fiber Market – Volume and Forecast to 2028 (Kilo Tons)
7.4.3 Milled Recycled Carbon Fiber: Green Carbon Fiber Market – Revenue and Forecast to 2028 (US$ Million)

8. MIDDLE EAST & AFRICA GREEN CARBON FIBER MARKET ANALYSIS – BY SOURCE

8.1 Overview
8.2 Middle East & Africa Green Carbon Fiber Market, By Source (2021 and 2028)
8.3 Automotive Scrap
8.3.1 Overview
8.3.2 Automotive Scrap: Green Carbon Fiber Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Aerospace Scrap
8.4.1 Overview
8.4.2 Aerospace Scrap: Green Carbon Fiber Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Green Carbon Fiber Market – Revenue and Forecast to 2028 (US$ Million)

9. MIDDLE EAST & AFRICA GREEN CARBON FIBER MARKET ANALYSIS – BY APPLICATION

9.1 Overview
9.2 Middle East & Africa Green Carbon Fiber Market, By Application (2021 and 2028)
9.3 Aerospace
9.3.1 Overview
9.3.2 Aerospace: Green Carbon Fiber Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Automotive
9.4.1 Overview
9.4.2 Automotive: Green Carbon Fiber Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Wind Energy
9.5.1 Overview
9.5.2 Wind Energy: Green Carbon Fiber Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Sporting Goods
9.6.1 Overview
9.6.2 Sporting Goods: Green Carbon Fiber Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: Green Carbon Fiber Market – Revenue and Forecast to 2028 (US$ Million)

10. MIDDLE EAST & AFRICA GREEN CARBON FIBER MARKET – COUNTRY ANALYSIS

10.1 Overview
10.1.1 Middle East and Africa: Green Carbon Fiber Market, by Key Country
10.1.1.1 South Africa: Green Carbon Fiber Market –Volume and Forecast to 2028 (Kilo Tons)
10.1.1.2 South Africa: Green Carbon Fiber Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 South Africa: Green Carbon Fiber Market, by Type
10.1.1.2.2 South Africa: Green Carbon Fiber Market, by Type
10.1.1.2.3 South Africa: Green Carbon Fiber Market, by Source
10.1.1.2.4 South Africa: Green Carbon Fiber Market, by Application
10.1.1.3 Saudi Arabia: Green Carbon Fiber Market –Volume and Forecast to 2028 (Kilo Tons)
10.1.1.4 Saudi Arabia: Green Carbon Fiber Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Saudi Arabia: Green Carbon Fiber Market, by Type
10.1.1.4.2 Saudi Arabia: Green Carbon Fiber Market, by Type
10.1.1.4.3 Saudi Arabia: Green Carbon Fiber Market, by Source
10.1.1.4.4 Saudi Arabia: Green Carbon Fiber Market, by Application
10.1.1.5 UAE: Green Carbon Fiber Market –Volume and Forecast to 2028 (Kilo Tons)
10.1.1.6 UAE: Green Carbon Fiber Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 UAE: Green Carbon Fiber Market, by Type
10.1.1.6.2 UAE: Green Carbon Fiber Market, by Type
10.1.1.6.3 UAE: Green Carbon Fiber Market, by Source
10.1.1.6.4 UAE: Green Carbon Fiber Market, by Application
10.1.1.7 Rest of MEA: Green Carbon Fiber Market –Volume and Forecast to 2028 (Kilo Tons)
10.1.1.8 Rest of MEA: Green Carbon Fiber Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.8.1 Rest of MEA: Green Carbon Fiber Market, by Type
10.1.1.8.2 Rest of MEA: Green Carbon Fiber Market, by Type
10.1.1.8.3 Rest of MEA: Green Carbon Fiber Market, by Source
10.1.1.8.4 Rest of MEA: Green Carbon Fiber Market, by Application

11. INDUSTRY LANDSCAPE

11.1 Overview
11.2 New Product Development
11.3 Partnerships
11.4 Other Business Strategies

12. COMPANY PROFILES

12.1 Procotex Corp SA
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Sigmatex (UK) Ltd
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Carbon Conversions Co
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 SGL Carbon SE
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Toray Industries Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Catack-H Co Ltd
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments

13. APPENDIX

13.1 About The Insight Partners
13.2 Glossary of Terms

List Of Tables

LIST OF TABLES

Table 1. Middle East & Africa Green Carbon Fiber Market Revenue Forecast to 2028 (US$ Mn)
Table 2. South Africa Green Carbon Fiber Market, by Type – Volume and Forecast to 2028 (Kilo Tons)
Table 3. South Africa Green Carbon Fiber Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. South Africa Green Carbon Fiber Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 5. South Africa Green Carbon Fiber Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. Saudi Arabia Green Carbon Fiber Market, by Type – Volume and Forecast to 2028 (Kilo Tons)
Table 7. Saudi Arabia Green Carbon Fiber Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Saudi Arabia Green Carbon Fiber Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 9. Saudi Arabia Green Carbon Fiber Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. UAE Green Carbon Fiber Market, by Type – Volume and Forecast to 2028 (Kilo Tons)
Table 11. UAE Green Carbon Fiber Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. UAE Green Carbon Fiber Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 13. UAE Green Carbon Fiber Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of MEA Green Carbon Fiber Market, by Type – Volume and Forecast to 2028 (Kilo Tons)
Table 15. Rest of MEA Green Carbon Fiber Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 16. Rest of MEA Green Carbon Fiber Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of MEA Green Carbon Fiber Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 18. Glossary of Terms, Middle East & Africa Green Carbon Fibers Market

List Of Figures

LIST OF FIGURES

Figure 1. Middle East & Africa Green Carbon Fiber Market Segmentation
Figure 2. Middle East & Africa Green Carbon Fiber Market Segmentation – By Country
Figure 3. Middle East & Africa Green Carbon Fiber Market Overview
Figure 4. Middle East & Africa Carbon Fiber Market, by Type
Figure 5. Middle East & Africa Green Carbon Fiber Market, by Country
Figure 6. Porter's Five Forces Analysis
Figure 7. Global Green Carbon Fiber Market Ecosystem
Figure 8. Expert Opinion
Figure 9. Middle East & Africa Green Carbon Fiber Market Impact Analysis of Drivers and Restraints
Figure 10. Middle East & Africa Green Carbon Fiber Market Forecast and Analysis, 2020–2028 (US$ Mn)
Figure 11. Middle East & Africa Green Carbon Fiber Market Revenue Share, By Type (2021 and 2028)
Figure 12. Chopped Recycled Carbon Fiber: Middle East & Africa Green Carbon Fiber Market – Volume and Forecast To 2028 (Kilo Tons)
Figure 13. Chopped Recycled Carbon Fiber: Middle East & Africa Green Carbon Fiber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. Milled Recycled Carbon Fiber: Middle East & Africa Green Carbon Fiber Market – Volume and Forecast To 2028 (Kilo Tons)
Figure 15. Milled Recycled Carbon Fiber: Middle East & Africa Green Carbon Fiber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. Middle East & Africa Green Carbon Fiber Market Revenue Share, By Source (2021 and 2028)
Figure 17. Automotive Scrap: Middle East & Africa Green Carbon Fiber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. Aerospace Scrap: Middle East & Africa Green Carbon Fiber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Others: Middle East & Africa Green Carbon Fiber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 20. Middle East & Africa Green Carbon Fiber Market Revenue Share, By Application (2021 and 2028)
Figure 21. Aerospace: Middle East & Africa Green Carbon Fiber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22. Automotive: Middle East & Africa Green Carbon Fiber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 23. Wind Energy: Middle East & Africa Green Carbon Fiber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 24. Sporting Goods: Middle East & Africa Green Carbon Fiber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. Others: Middle East & Africa Green Carbon Fiber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 26. Middle East & Africa: Green Carbon Fiber Market, by Key Country – Revenue (2021) (US$ Million)
Figure 27. Middle East and Africa: Green Carbon Fiber Market Revenue Share, by Key Country (2021 and 2028)
Figure 28. South Africa: Green Carbon Fiber Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 29. South Africa: Green Carbon Fiber Market –Revenue and Forecast to 2028 (US$ Million)
Figure 30. Saudi Arabia: Green Carbon Fiber Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 31. Saudi Arabia: Green Carbon Fiber Market –Revenue and Forecast to 2028 (US$ Million)
Figure 32. UAE: Green Carbon Fiber Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 33. UAE: Green Carbon Fiber Market –Revenue and Forecast to 2028 (US$ Million)
Figure 34. Rest of MEA: Green Carbon Fiber Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 35. Rest of MEA: Green Carbon Fiber Market –Revenue and Forecast to 2028 (US$ Million)