Market Forecast by Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain and Turkey), By Source (Virgin, Recycled), By Precursor (PAN, Pitch, Rayon), By Resin (Thermosetting, Thermoplastic), By End-use Industry (Aerospace & Defense, Wind Energy, Automotive, Sporting Goods, Civil Engineering, Pipe & Tank, Marine), By Manufacturing Process (Lay-up, Resin Transfer Molding, Filament Winding, Compression Molding, Injection Molding, Pultrusion, Others) And Competitive Landscape
Product Code: ETC4618835 | Publication Date: Jul 2023 | Updated Date: Mar 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Report Name | Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market |
Forecast Period | 2025-2031 |
Market Size | USD 1.2 billion by 2031 |
CAGR | 8% |
Growing Sector | Wind Energy |
Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market report thoroughly covers the market by Countries, by Source, by Precursor, by Resin, by End-use Industry, and by Manufacturing Process. The market report provides an unbiased and detailed analysis of the ongoing 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.
Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market was valued at USD 700 million and is expected to reach USD 1.2 billion, growing at a CAGR of around 8% from 2025 to 2031. This growth is fuelled by increasing demand from industries such as aerospace, automotive, construction, and renewable energy, where lightweight and high-strength materials are critical.
Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market is expected to witness significant growth in the coming years, due to advancements in material science and an increased focus on lightweight, durable solutions. Carbon fiber and CFRP are renowned for their superior strength-to-weight ratio, corrosion resistance, and thermal stability, making them indispensable across various high-performance industries. Aerospace and defense sectors continue to be primary contributors to market growth, leveraging these materials to enhance fuel efficiency and structural integrity in aircraft.
According to 6Wresearch, Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market size is expected to grow at a CAGR of 8% during the forecast period 2025-2031. Several factors are driving the growth of Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market such as region’s focus on diversifying its economy, particularly through the expansion of aerospace and automotive manufacturing sectors. Governments in the Middle East are investing heavily in infrastructure and localizing high-tech manufacturing processes, which rely on advanced materials like carbon fiber for enhanced performance. Furthermore, the growing emphasis on renewable energy—especially ambitious solar and wind energy projects—promotes the adoption of lightweight and durable materials.
However, Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market faces few restraints such as the high production cost associated with carbon fiber and CFRP materials, which limits their accessibility and adoption, particularly in cost-sensitive industries. Additionally, the region's manufacturing ecosystem for advanced materials is still developing, resulting in dependency on imports, which can lead to longer lead times and higher costs. Limited skilled workforce and expertise in handling and fabricating carbon fiber materials further constrain local production capabilities. Regulatory hurdles and the complexity of certifying new materials for critical applications can also delay the integration of CFRP in key sectors such as aerospace and automotive.
Middle East carbon fiber and CFRP market is witnessing significant developments driven by increasing demand from key industries such as aerospace, automotive, and renewable energy. Governments in the region are prioritizing investments in advanced materials to enhance local manufacturing capabilities and reduce reliance on imports. The aerospace sector, in particular, is adopting CFRP materials to enhance aircraft performance and fuel efficiency through lightweight solutions. Similarly, the automotive industry is exploring the use of carbon fiber composites for electric vehicles (EVs) and high-performance cars due to their superior strength-to-weight ratio.
Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market Industry presents a promising investment opportunity for businesses looking to expand their operations globally. With increasing applications across industries such as aerospace, automotive, construction, and renewable energy, demand for advanced composite materials continues to rise. Governments in the region are actively supporting industrial growth by launching initiatives aimed at fostering research and development (R&D) in materials science and promoting local manufacturing capabilities. Similarly, the growing adoption of electric vehicles and the need for fuel-efficient transportation systems open doors for developing composites tailored to the automotive sector.
Middle East carbon fiber and CFRP market is influenced by prominent global and regional players who are driving growth through innovation and strategic initiatives. Key players include Toray Industries, Mitsubishi Chemical Corporation, SGL Carbon, Hexcel Corporation and Solvay. Collaborative efforts between multinational corporations and local enterprises further amplify innovation, leveraging the region's focus on sustainability and economic diversification. These market leaders are set to play a pivotal role as the Middle East continues to position itself as a key contributor to the global carbon fiber and CFRP industry.
Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market is growing, and government’s regulation and policies are helping in extension of the market. Substantial investments have been directed towards developing infrastructure and support systems to encourage innovation in composite materials. For instance, government-backed research hubs and partnerships with global corporations are enabling knowledge transfer while fostering the local production of high-performance materials. Furthermore, regulatory incentives, such as tax breaks and subsidies, are actively attracting foreign direct investment (FDI) into the sector.
The future of Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market looks promising due to emerging technological advancements and increasing sectoral diversification. With global demand for lightweight and durable materials surging, industries such as aerospace, renewable energy, and automotive stand to benefit from continued innovation and investment in carbon composite technologies. The region’s focus on sustainability and the adoption of futuristic transportation solutions, such as hyperloop systems and hydrogen-powered vehicles, is expected to further enhance market development. Additionally, the evolving regulatory landscape supporting clean energy initiatives will likely drive the adoption of CFRP materials in wind turbine manufacturing and solar energy infrastructure.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Ravi Bhandari, Research Head, 6Wresearch, Saudi Arabia is projected to experience substantial growth in the carbon fiber market, driven by its Vision initiative, which emphasizes economic diversification and the development of sustainable industries.
Virgin carbon fiber is expected to witness the highest growth. This is primarily driven by its superior strength-to-weight ratio, thermal resistance, and performance characteristics, making it a preferred choice for high-demand sectors such as aerospace, automotive, and wind energy.
Polyacrylonitrile (PAN) is projected to experience the most significant growth. PAN-based carbon fibers dominate the market due to their exceptional mechanical properties, high tensile strength, and versatility across several applications such as aerospace, automotive, and sporting goods.
Thermoplastic resins are anticipated to exhibit the most significant growth in the coming years. Thermosetting resins, such as epoxies, continue to dominate the market due to their maturity, well-established processing methods, and superior thermal and chemical resistance.
Wind Energy is anticipated to experience the most substantial growth in carbon fiber usage. The increasing global investment in renewable energy infrastructure, coupled with the demand for larger, more efficient turbines, positions this sector as a key driver of market expansion.
Resin Transfer Molding (RTM) is poised to demonstrate the highest growth in the coming years. This process involves injecting resin into a Mold containing pre-placed fiber reinforcements, offering significant benefits such as versatility in component design, reduced material waste, and high production efficiency.
The market report has been segmented and sub segmented into the following categories:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market Overview |
3.1 Middle East Regional Macro Economic Indicators |
3.2 Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume, 2021 & 2031F |
3.3 Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market - Industry Life Cycle |
3.4 Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market - Porter's Five Forces |
3.5 Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.7 Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume Share, By Precursor, 2021 & 2031F |
3.8 Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume Share, By Resin, 2021 & 2031F |
3.9 Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
3.10 Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F |
4 Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market Trends |
6 Saudi Arabia Carbon Fiber and Carbon Fiber Reinforced Plastic Market, 2021 - 2031 |
6.1.1 Saudi Arabia Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By Source, 2021 - 2031 |
6.1.2 Saudi Arabia Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By Precursor, 2021 - 2031 |
6.1.3 Saudi Arabia Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By Resin, 2021 - 2031 |
6.1.4 Saudi Arabia Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By End-use Industry, 2021 - 2031 |
6.1.5 Saudi Arabia Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By Manufacturing Process, 2021 - 2031 |
7 UAE Carbon Fiber and Carbon Fiber Reinforced Plastic Market, 2021 - 2031 |
7.1 UAE Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By Source, 2021 - 2031 |
7.2 UAE Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By Precursor, 2021 - 2031 |
7.3 UAE Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By Resin, 2021 - 2031 |
7.4 UAE Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By End-use Industry, 2021 - 2031 |
7.5 UAE Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By Manufacturing Process, 2021 - 2031 |
8 Qatar Carbon Fiber and Carbon Fiber Reinforced Plastic Market, 2021 - 2031 |
8.1 Qatar Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By Source, 2021 - 2031 |
8.2 Qatar Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By Precursor, 2021 - 2031 |
8.3 Qatar Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By Resin, 2021 - 2031 |
8.4 Qatar Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By End-use Industry, 2021 - 2031 |
8.5 Qatar Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By Manufacturing Process, 2021 - 2031 |
9 Kuwait Carbon Fiber and Carbon Fiber Reinforced Plastic Market, 2021 - 2031 |
9.1 Kuwait Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By Source, 2021 - 2031 |
9.2 Kuwait Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By Precursor, 2021 - 2031 |
9.3 Kuwait Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By Resin, 2021 - 2031 |
9.4 Kuwait Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By End-use Industry, 2021 - 2031 |
9.5 Kuwait Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By Manufacturing Process, 2021 - 2031 |
10 Oman Carbon Fiber and Carbon Fiber Reinforced Plastic Market, 2021 - 2031 |
10.1 Oman Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By Source, 2021 - 2031 |
10.2 Oman Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By Precursor, 2021 - 2031 |
10.3 Oman Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By Resin, 2021 - 2031 |
10.4 Oman Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By End-use Industry, 2021 - 2031 |
10.5 Oman Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By Manufacturing Process, 2021 - 2031 |
11 Bahrain Carbon Fiber and Carbon Fiber Reinforced Plastic Market, 2021 - 2031 |
11.1 Bahrain Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By Source, 2021 - 2031 |
11.2 Bahrain Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By Precursor, 2021 - 2031 |
11.3 Bahrain Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By Resin, 2021 - 2031 |
11.4 Bahrain Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By End-use Industry, 2021 - 2031 |
11.5 Bahrain Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By Manufacturing Process, 2021 - 2031 |
12 Turkey Carbon Fiber and Carbon Fiber Reinforced Plastic Market, 2021 - 2031 |
12.1 Turkey Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By Source, 2021 - 2031 |
12.2 Turkey Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By Precursor, 2021 - 2031 |
12.3 Turkey Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By Resin, 2021 - 2031 |
12.4 Turkey Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By End-use Industry, 2021 - 2031 |
12.5 Turkey Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By Manufacturing Process, 2021 - 2031 |
13 Rest of Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market, 2021 - 2031 |
13.1 Rest of Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By Source, 2021 - 2031 |
13.2 Rest of Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By Precursor, 2021 - 2031 |
13.3 Rest of Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By Resin, 2021 - 2031 |
13.4 Rest of Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By End-use Industry, 2021 - 2031 |
13.5 Rest of Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market, Revenues & Volume, By Manufacturing Process, 2021 - 2031 |
14 Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market Key Performance Indicators |
15 Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market - Opportunity Assessment |
15.1 Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market Opportunity Assessment, By Source, 2021 & 2031F |
15.3 Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market Opportunity Assessment, By Precursor, 2021 & 2031F |
15.4 Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market Opportunity Assessment, By Resin, 2021 & 2031F |
15.5 Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
15.6 Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F |
16 Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market - Competitive Landscape |
16.1 Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenue Share, By Companies, 2024 |
16.2 Middle East Carbon Fiber and Carbon Fiber Reinforced Plastic Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |