South Africa Composites Market Size & Outlook, 2025-2033
South Africa Composites Market Size
According to a Straits Research analysis, the South Africa Composites Market was valued at USD 518 Million in 2024 and is projected to reach USD 992 Million by 2033, expanding at a CAGR of 7.4% during the forecast period. The key drivers include industries like agriculture, chemicals, energy sector, and other industrial applications. Composites are prominently used for their durability and resistance to weather and chemical erosion, especially in sustainable agriculture and energy production systems. Emerging trends highlight a major shift towards eco-friendly production and sustainable practices. Advances in technology are further augmenting growth and export potential. Focused on maintaining a competitive edge, South Africa is leveraging these developments to further solidify its position in the global composite market. This strategic approach is set to ensure the region's future growth and sustainability in the composites market.
Source: Straits Research Analysis Company Publications, Primary Interviews.
South Africa Composites Market Highlights
- By segment, Layup emerged as the largest Manufacturing Process in terms of market size in 2024.
- Filament is anticipated to remain the most attractive Manufacturing Process segment, recording the fastest growth during the forecast period.
- As of 2024, South Africa held 0.5% of the global composites market size.
- By 2033, China is anticipated to capture the largest share of the global composites market.
- In Middle East And Africa, Rest of MEA is expected to lead the regional composites market size by 2033.
- South Africa will remain the fastest-growing market in Middle East And Africa, reaching USD 5913 Million by 2033.
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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 518 Million |
| Market Size In 2033 | USD 992 Million |
| Largest segment | Layup |
| Fastest segment | Filament |
| Units | Revenue in USD Million |
| CAGR | 7.4% (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 |
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| End-User |
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South Africa Composites Market By Manufacturing Process 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
South Africa Composites Market By Product 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
South Africa Composites Market By End-User 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
