Market Forecast By Glass Types (S-Glass, C-Glass, E-Glass, ECR-Glass & Others), By Fiber Types(Roving, Mats, Strands, Fabrics), By Applications(Automotive & Transportation, Aerospace & Defense, Wind Energy, Construction, Marine, Sports & Leisure, Pipe & Tank & Others), By Regions (Central Region, Western Region, Eastern Region, Southern Region)
Product Code: ETC001544 | Publication Date: Jan 2020 | Updated Date: Aug 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Saudi Arabia Fiberglass Market registered a decline of -38.16% in value shipments in 2021 as compared to 2020 and an increase of 4.16% CAGR in 2021 over a period of 2017. In Fiberglass Market Saudi Arabia is becoming less competitive as HHI index in 2021 was 2615 while in 2017 it was 1614. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
Saudi Arabia has reportedly relied more on domestic production to meet its growing demand in Fiberglass Market. India is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Fiberglass Market in 2021 was 0.91 while in 2017 it was 0.61. Kuwait, China, Bahrain, Germany and Czechia were among the top players of the market in 2021, where Kuwait acquired the largest market share of 32.74% with a shipment value of 10.53 million USD in 2022 Kuwait also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Fiberglass Market. In 2017 Kuwait had the largest market share of 25.15% with the shipment value of 10.67 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although Kuwait offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the Saudi Arabia Fiberglass Market in 2017.
An increasing trend of substituting metals with lightweight fiberglass in various sectors including automotive & transportation, aerospace, and defense would be the major factors driving the demand for the Fiberglass market in Saudi Arabia. Moreover, the surging construction sector in the region along with increasing investments in infrastructural development of mega projects such as Neom, The Red Sea Project, Qiddiya entertainment city, King Fahd Medical City Expansion, King Abdullah Bin Abdulaziz Medical Complexes due to the product’s properties such as high strength, flexibility, temperature, and moisture resistance would fuel the market growth over the coming years.
According to 6Wresearch, Saudi Arabia Fiberglass Market size is anticipated to register growth during 2019-25. Increasing the use of fiberglass in structural engineering applications due to the product’s properties including high tensile strength, low weight, and high chemical resistance would positively influence the market growth. Moreover, strengthening the automotive sector, as well as growing wind energy applications would propel the growth of fiberglass over the coming years.
Based on glass types, E-Glass captured the majority of the market share in 2018 and is projected to lead the market revenues over the coming years due to the product’s electric insulation properties. However, ECR-glass is anticipated to experience substantial growth during the forecast period owing to the product’s electrical and chemical resistant capabilities. Further, the low cost of acquisition of the material compared to its corrosion-resistant substitutes would propel the demand for fiberglass in the region.
The Saudi Arabia fiberglass market report thoroughly covers the market by glass types, fiber types, applications, and regions including central region, western region, eastern region, and southern region. The Saudi Arabia Fiberglass Market outlook report provides an unbiased and detailed analysis of the ongoing Saudi Arabia Fiberglass Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report:
Markets Covered
The Saudi Arabia Fiberglass Market report provides a detailed analysis of the following market segments:
Other Key Reports Available:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Saudi Arabia Fiberglass Market Overview |
3.1 Saudi Arabia Fiberglass Market Revenues 2015-2025F |
3.2 Saudi Arabia Fiberglass Market Revenue Share, By Glass Types, 2018 & 2025F |
3.3 Saudi Arabia Fiberglass Market Revenue Share, By Fiber Types, 2018 & 2025F |
3.4 Saudi Arabia Fiberglass Market Revenue Share, By Applications, 2018 & 2025F |
3.5 Saudi Arabia Fiberglass Market Revenue Share, By Regions, 2018 & 2025F |
3.6 Saudi Arabia Fiberglass Market - Industry Life Cycle |
3.7 Saudi Arabia Fiberglass Market - Porter’s Five Forces |
4. Saudi Arabia Fiberglass Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Saudi Arabia Fiberglass Market Trends |
6. Saudi Arabia Fiberglass Market Overview, By Glass Types |
6.1 Saudi Arabia Fiberglass Market Revenues, By S-Glass, 2015-2025F |
6.2 Saudi Arabia Fiberglass Market Revenues, By C-Glass, 2015-2025F |
6.3 Saudi Arabia Fiberglass Market Revenues, By E-Glass, 2015-2025F |
6.4 Saudi Arabia Fiberglass Market Revenues, By ECR-Glass, 2015-2025F |
6.5 Saudi Arabia Fiberglass Market Revenues, By Others, 2015-2025F |
7. Saudi Arabia Fiberglass Market Overview, By Fiber Types |
7.1 Saudi Arabia Fiberglass Market Revenues, By Roving, 2015-2025F |
7.2 Saudi Arabia Fiberglass Market Revenues, By Mats, 2015-2025F |
7.3 Saudi Arabia Fiberglass Market Revenues, By Strands, 2015-2025F |
7.4 Saudi Arabia Fiberglass Market Revenues, By Fabrics, 2015-2025F |
8. Saudi Arabia Fiberglass Market Overview, By Application |
8.1 Saudi Arabia Fiberglass Market Revenues, By Automotive & Transportation, 2015-2025F |
8.2 Saudi Arabia Fiberglass Market Revenues, By Aerospace & Defense, 2015-2025F |
8.3 Saudi Arabia Fiberglass Market Revenues, By Wind Energy, 2015-2025F |
8.4 Saudi Arabia Fiberglass Market Revenues, By Construction, 2015-2025F |
8.5 Saudi Arabia Fiberglass Market Revenues, By Marine, 2015-2025F |
8.6 Saudi Arabia Fiberglass Market Revenues, By Sports & Leisure, 2015-2025F |
8.7 Saudi Arabia Fiberglass Market Revenues, By Pipe & Tank, 2015-2025F |
8.8 Saudi Arabia Fiberglass Market Revenues, By Others, 2015-2025F |
9. Saudi Arabia Fiberglass Market Overview, By Regions |
9.1 Saudi Arabia Fiberglass Market Revenues, By Central Region, 2015-2025F |
9.2 Saudi Arabia Fiberglass Market Revenues, By Southern Region, 2015-2025F |
9.3 Saudi Arabia Fiberglass Market Revenues, By Western Region, 2015-2025F |
9.4 Saudi Arabia Fiberglass Market Revenues, By Eastern Region, 2015-2025F |
10. Saudi Arabia Fiberglass Market - Key Performance Indicators |
11. Saudi Arabia Fiberglass Market - Opportunity Assessment |
11.1 Saudi Arabia Fiberglass Market Opportunity Assessment, By Glass Types, 2025F |
11.2 Saudi Arabia Fiberglass Market Opportunity Assessment, By Fiber Types, 2025F |
11.3 Saudi Arabia Fiberglass Market Opportunity Assessment, By Applications, 2025F |
12. Saudi Arabia Fiberglass Market Competitive Landscape |
12.1 Saudi Arabia Fiberglass Market Revenue Share, By Companies, 2018 |
12.2 Saudi Arabia Fiberglass Market Competitive Benchmarking, By Operating & Technical Parameters |
13. Company Profiles |
14. Key Recommendations |
15. Disclaimer |