Lucintel: Opportunities for growth of glass fiber market

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?

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.

Lucintel
222 Las Colinas Blvd West, Suite 1650, Irving, TX 75039, USA
Ph: +1-972-636-5056 Fax: +1-877-883-5140
marketing@lucintel.com

This release was published on openPR.