Saudi Arabia Composites Market Size & Outlook, 2025-2033
Saudi Arabia Composites Market Size
According to Straits Research analysis, the Saudi Arabia Composites Market was valued at USD 1251 Million in 2024 and is projected to reach USD 2082 Million by 2033, expanding at a CAGR of 5.7% during the forecast period. The growth is driven primarily by the increasing demand in various sectors like agriculture, chemicals, and energy industries. In agriculture, composites are used in creating durable and lightweight equipment, while the chemical industry uses them for corrosion-resistant storage tanks and pipes. The burgeoning energy sector also uses composites in wind turbine blades and photovoltaic modules. The rise in green production and sustainability practices, coupled with technological advancements, offers promising growth opportunities. With significant export potential, Saudi Arabia is strategically positioning itself to become a key player in the global composites market.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Saudi Arabia Composites Market Highlights
- By 2024, Layup represented the largest share of the Manufacturing Process market size.
- Filament is expected to remain the key growth driver within Manufacturing Process, registering the fastest CAGR during the forecast period.
- Saudi Arabia accounted for 1.2% of the global composites market size in 2024.
- By 2033, China is expected to remain the top global market in terms of size.
- Within Middle East And Africa, Rest of MEA is forecasted to dominate the regional composites market size by 2033.
- South Africa will be the fastest-growing market in Middle East And Africa, projected to achieve USD 5913 Million by 2033.
Saudi Arabia Composites Market Revenue Share 2024
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Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2020-2033 |
| Historical Period | 2020-2023 |
| Forecast Period | 2025-2033 |
| Market Size In 2024 | USD 1251 Million |
| Market Size In 2033 | USD 2082 Million |
| Largest segment | Layup |
| Fastest segment | Filament |
| Units | Revenue in USD Million |
| CAGR | 5.7% (2025-2033) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Manufacturing Process |
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| Product |
|
| End-User |
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Saudi Arabia Composites Market By Manufacturing Process 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
Saudi Arabia Composites Market By Product 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
Saudi Arabia Composites Market By End-User 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
