Market Size of Middle-East and Africa Aramid Fiber Industry
| Study Period | 2018 - 2028 |
| Base Year For Estimation | 2021 |
| Forecast Data Period | 2024 - 2028 |
| Historical Data Period | 2018 - 2020 |
| CAGR | > 5.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Aramid Fibers Market Analysis
The Middle-East and Africa aramid fiber market is estimated to witness a significant growth, at an estimated CAGR of around 5%, over the forecast period. Major factor driving the market studied is the growing need for fuel efficiency. On the flipside, the availability of alternatives with better properties is expected to hinder the growth of the market studied.
- The aerospace and defense sector dominated the aramid fibers market and is expected to grow at a fastest rate during the forecast period.
- Emerging applications in the optical fiber industry are likely to act as an opportunity in the future.
- Saudi Arabia accounted for the largest market share and is expected to continue domination during the forecast period.
