Composites and Advanced Materials

According to a new market report published by Lucintel, the future of the BRIC composites market looks promising with opportunities in the pipe & tank, transportation, wind energy, aerospace & defense, construction, marine, electrical & electronics application. The  BRIC composites market is expected to reach an estimated $23.7 billion by 2027 with a CAGR of 6.7% 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..

Within the BRIC composites market, electrical and electronics will remain the largest application segment over the forecast period due to widespread acceptance and excellent corrosion resistance properties. 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 industry, include innovation trends focused on high tensile strength, innovation trends focused on high tensile modulus and glass fiber based composites part using 3D technology, low styrene content unsaturated polyester resin. Suzlon, Kineco, Mahindra CEI Automotive, Tata AutoComp Systems,  CPIC,     Owens Corning, Jushi, and Polynt-Reichhold, companies are among the suppliers of BRIC composites.

Lucintel, a leading  strategic consulting and market research firm, has analyzed growth opportunities in the  BRIC composites market by end use, and country. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the BRIC Composites Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the BRIC composites market by end use,  and country as follows:















This 205-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/bric-composites-market.aspx or write us at helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers following 11 key questions:

 

Q.1 What are some of the most promising potential, high growth opportunities for the  BRIC composites market by end use (pipe and tank, transportation, wind energy, aerospace and defense, construction, marine, electrical and electronics, and others) and country (Brazil, Russia, India China)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 Which country will grow at a faster pace and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?

Q.5 What are the business risks and threats to the market?

Q.6 What are the emerging trends in this market and the reasons behind them?

Q.7 What are the changing demands of customers in the market?

Q.8 What are the new developments in the market? Which companies are leading these developments?

Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?

Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?

Q.11 What M & A activities have taken place in the last 5 years in this market?