According to the recent study the Brazilian composites market is projected to reach an estimated $1.0 billion by 2027 from $0.7 billion in 2021, at a CAGR of 6.6% from 2021 to 2027. Growth in this market is primarily driven by increasing consumption of composites in transportation industry upsurge the growth of the Brazilian composites market and growing demand for composites in construction industry as material of choice due to life cycle cost and increased performance.
Browse 63 figures / charts and 36 tables in this 110 -page report to understand trends, opportunities and forecast in Brazilian composites market by end use (pipe and tank, transportation, wind energy, aerospace and defense, construction, marine, electrical and electronics, and others), manufacturing process (hand layup and spray-up, RTM, filament winding, continuous lamination, BMC/SMC, infusion, pultrusion, and others), fiber type (glass fiber composites and carbon fiber composites), and resin type (polyester composites, epoxy composites, and other composites).
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“Wind energy market is expected to remain the largest segment during the forecast period.”
Based on end use, the Brazilian composites market is segmented into pipe and tank, transportation, wind energy, aerospace and defense, construction, marine, electrical and electronics, and others. Lucintel forecasts that the wind energy market is expected to remain the largest segment due to the growth of wind energy installation in Brazil. Aerospace and defense is expected to witness highest growth over the forecast period.
“Within the Brazilian composites market, the polyester composite segment is expected to remain the largest resin type.”
Based on resin type the polyester composite segment is expected to witness the highest growth over the forecast period due to its low cost and various mechanical properties which includes corrosion resistance and chemical resistance.
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Major players of Brazilian composites market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Chongqing Polycomp International Corporation, Owens Corning, Jushi Group Co., Ltd, Polynt-Reichhold, and INEOS Composites are among the major Brazilian composites providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/brazilian-composites-market.aspx or [email protected]
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Contact:
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Lucintel
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