According to a new market report published by Lucintel, the future of the Brazilian composites market looks promising with opportunities in pipe and tank, transportation, wind energy, aerospace and defense, construction, marine, and electrical and electronics end uses. The Brazilian composites market is expected to reach an estimated $1.0 billion by 2027 with a CAGR of 6.6% from 2021 to 2027. The major driver for market growth is the rise in demand for wind energy, construction, and pipe and tank end uses due to increase in the number of government projects like smart cities development, eco-friendly energy generation, fresh water transportation, sewage treatment system, rehabilitation of water and sewage pipe lines.
Browse 36 market data tables and 53 figures spread through 110 pages and in-depth TOC on “Brazilian Composites Market"
In this market polyester composites and epoxy composites are the resin types used in composites. Polyester composites is expected to remain the largest market by value, mainly driven by its low cost and various mechanical properties which includes corrosion resistance and chemical resistance.
Within the Brazilian composites market, wind energy will remain the largest end use by value and volume over the forecast period due to the growth of wind energy in Brazil in. Aerospace and defense is expected to witness highest growth over the forecast period.
Emerging trends, which have a direct impact on the dynamics of the Brazilian composites market, includes innovation trends focused on ultra-high modulus glass fiber, glass fiber based composites part using 3D technology, low styrene content unsaturated polyester resin, and increasing usage of ecofriendly unsaturated polyester resin. CPIC, Owens Corning, Jushi, Polynt-Reichhold, and Ineos are among the major Brazilian composites manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the Brazilian composites market by end use, manufacturing process, fiber type, and resin type. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Brazilian Composites Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the Brazilian composites market by end use, manufacturing process, fiber type, and resin type as follows:
By End Use [Volume (M lbs) and $M shipment analysis from 2016 to 2027]:
•Pipe and Tank
•Transportation
•Wind Energy
•Aerospace and Defense
•Construction
•Marine
•Electrical and Electronics
•Others
By Manufacturing Process [Volume (M lbs) and $M shipment analysis from 2016 to 2027]:
•Hand Layup and Spray Up
•RTM
•Filament Winding
•Continuous Lamination
•BMC/SMC
•Infusion
•Pultrusion
•Others
By Fiber Type [Volume (M lbs) and $M shipment analysis from 2016 to 2027]:
•Glass Fiber Composites
•Carbon Fiber Composites
By Resin Type [Volume (M lbs) and $M shipment analysis from 2016 to 2027]:
•Polyester Composites
•Epoxy Composites
•Other Composites
This 110-page 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 write us at helpdesk@lucintel.com.
About Lucintel
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This report answers following 10 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the 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)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the key factors affecting market dynamics? What are the drivers and challenges of the Brazilian composites market?
Q.4 What are the business risks and threats to the Brazilian composites market?
Q.5 What are emerging trends in the Brazilian composites market and the reasons behind them?
Q.6 What are some changing demands of customers in the Brazilian composites market?
Q.7 What are the new developments in the Brazilian composites market? Which companies are leading these developments?
Q.8 Who are the major players in the Brazilian composites market? What strategic initiatives are being implemented by key players for business growth?
Q.9 What are some of the competitive products and processes in the Brazilian composites market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.10 What M&A activities did take place in the last five years in the Brazilian composites market?