UAE GFRP Market Outlook to 2028
Driven by increasing awareness regarding the fiberglass leading to increase in domestic supply and demand
January 2024
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About the Report
About the Report
Market Overview:
The UAE's Glass Fiber Reinforced Polymer (GFRP) market is in a growing phase with increased investments from local and international companies. Governments are enforcing specific regulations to ensure quality and safety in GFRP material applications, notably in construction, automotive, and infrastructure projects. The demand for GFRP is fueled by the region's rapid infrastructure development, seeking lightweight and durable materials.
GFRP's corrosion resistance makes it ideal for moisture-exposed applications like pipes and marine use. Additional market drivers include technological advancements, environmental awareness, and cost-effective solutions, positioning GFRP as a preferred choice in diverse industries for its durability and versatility.
The UAE's Glass Fiber Reinforced Polymer (GFRP) market ecosystem comprises a dynamic interplay of growing investments from local and international companies, coupled with regulatory measures to ensure quality and safety. This phase sees increased integration of GFRP in key sectors like construction, automotive, and infrastructure, driven by the material's lightweight, durable properties. The market benefits from the region's robust infrastructure development, demanding reliable and corrosion-resistant materials like GFRP. The ecosystem is further enriched by technological advancements, environmental considerations, and cost-effectiveness, positioning GFRP as a versatile and preferred choice across industries in the UAE.
UAE GFRP Market Analysis
- The UAE's Glass Fiber Reinforced Polymer (GFRP) market has progressed from initial testing and limited awareness to a mature stage.
- The emerging phase involved pilot projects to assess GFRP material feasibility. In the growing phase, increased investments and government regulations drove adoption in construction, automotive, and infrastructure.
- As the market matured, competition intensified, leading to mergers and acquisitions. GFRP materials became a standard choice across industries, stabilizing growth rates and marking a comprehensive evolution in the UAE market.
Key Trends by Market Segment:
By Construction: In this, the Construction segment held a significant share of around 15%. This growth is driven by government initiatives like UAE Vision 2021, fostering a favorable environment for GFRP industry expansion. The country's construction sector, known for its innovation, is increasingly adopting GFRP composites, especially GFRP rebar, due to their lightweight, strength, and corrosion resistance properties. These factors collectively contribute to the substantial growth of the GFRP industry in the UAE, particularly in the construction segment.
Competitive Landscape:
Major Players in UAE GFRP Market
- The competition in the UAE's Glass Fiber Reinforced Polymer (GFRP) market is characterized by a fragmented landscape with the involvement of numerous global players.
- These companies, specializing in manufacturing GFRP products for the construction sector, exhibit global supply capabilities, emphasizing the production of three major products: Rebar, Dowel, and Wire Mesh.
- The market is influenced by factors such as product quality, pricing strategies, regulatory compliance, and effective market penetration. The presence of multiple players with diverse strengths contributes to a dynamic competitive environment, fostering innovation and advancements in GFRP applications.
- This competitive scenario reflects the industry's growth potential, driven by the versatility and demand for GFRP materials in various sectors across the UAE.
Future Outlook:
- The future market size of the UAE's Glass Fiber Reinforced Polymer (GFRP) industry is expected to grow substantially, reaching USD 182.3 Mn by 2028.
- This optimistic projection is supported by increased demand for GFRP Rebars in construction, particularly in cities near the coastline with high moisture density.
- This trend arises from the necessity to prevent corrosion damage. Additionally, there is an observed rise in the use of GFRP reinforced concrete in the construction market, aiming to achieve a corrosion-resistant base for structures, enhancing longevity and sustainability.
- These factors collectively contribute to the anticipated growth of the UAE GFRP market in the coming years.
Scope Of The Report
Scope of the Report
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UAE Glass Fiber Reinforced Polymer Market Segmentation |
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By Construction |
· Construction · Others |
Products
Products
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report:
- Manufacturers and Suppliers
- Construction and Infrastructure Companies
- Government and Regulatory Bodies
- Investors and Financial Institutions
- Research and Development Departments
- Architects and Designers
- Consulting and Advisory Firms
- Construction Contractors and Builders
- Environmental and Sustainability Organizations
- Trade Associations and Industry Groups
Time Period Captured in the Report:
- Historical Period: 2018-2023
- Base Year: 2023
- Forecast Period: 2023-2028
Companies
Major Players Mentioned in the Report:
- Fibrezone LLC Dubai
- MRG Composites
- Mateenbar
- Dextra
- ARC Insulations
- China Beihai Fiberglass
Table of Contents
Table of Contents
1. Executive Summary
1.1 Summary of the UAE GFRP Market
2. Research Methodology
2.1 Abbreviations Used
2.2 Market Sizing Approach
2.3 Consolidated Research Approach
2.4 Sample Size Inclusion
2.5 Research Limitations and Conclusion
3. Market Overview for Glass Fiber Reinforced Polymer
3.1 Economic Overview of UAE
3.2 Overview of GFRP Industry at Global Level
3.3 Overview of GFRP Industry at UAE Level
3.4 SWOT Analysis for UAE GFRP Market
3.5 Imports and exports analysis as per HS – codes
3.6 Total Steel Rebar Market - Demand and Supply Gap Analysis of GFRP Market in the UAE
3.7 Total GFRP Market in UAE - Demand and Supply Gap Analysis of GFRP Market in the UAE
4. UAE GRPF Market Sizing and Segmentation
4.1 Market Size and Segmentation for GFRP Industry in UAE, 2018-2023
5. Competition Analysis for major players in UAE GFRP Market
5.1 Cross comparison of Major Players
6. Future Outlook for UAE GRPF Market Sizing and Segmentation
6.1 Market Size and Segmentation for GFRP Industry in UAE, 2023-2028
Disclaimer
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Research Methodology
Research Methodology
Step: 1 Identifying Key Variables: Ecosystem creation for all the major entities and referring to multiple secondary and proprietary databases to perform desk research around market to collate industry level information.
Step: 2 Market Building: Collating statistics on glass fiber reinforced polymer market over the years, penetration of marketplaces and service providers ratio to compute revenue generated for UAE GFRP market. We will also review service quality statistics to understand revenue generated which can ensure accuracy behind the data points shared.
Step: 3 Validating and Finalizing: Building market hypothesis and conducting CATIs with industry exerts belonging to different companies to validate statistics and seek operational and financial information from company representatives.
Step: 4 Research output: Our team will approach multiple glass fiber reinforced polymer providing channels and understand nature of product segments and sales, consumer preference and other parameters, which will support us validate statistics derived through bottom to top approach from glass fiber reinforced polymer providers.
Frequently Asked Questions
Frequently Asked Questions
How big is UAE GFRP Market?
The UAE GFRP Market was valued at ~ USD 88.9 Mn in 2018.
What are the Key Factors Driving the UAE GFRP Market?
Dubai International Airport and use of GFRP in home décor and building design are likely to fuel the growth in the UAE GFRP Market.
Who are the Key Players in the UAE GFRP Market?
Fibrezone LLC Dubai, MRG Composites and Mateenbar are some of the key players in the Market
What is the Future of the UAE GFRP Market?
The UAE GFRP Market is expected to reach ~USD 182.3 Mn by 2028.
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