Lucintel's latest market report analyzed that Brazilian composites provides attractive 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 $1.4 billion by 2028 with a CAGR of 12%. In this market, wind energy is the largest segment by end use, whereas polyester composite is largest by resin type. 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 provides strategic growth path in this market.
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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. The wind energy segment accounted for the largest share of the market in 2022 and is expected to register the highest CAGR during the forecast period, due to the growth of wind energy installation in Brazil. Aerospace and defense is expected to witness highest growth over the forecast period.
Browse in-depth TOC on “Brazilian Composites Market”
36 – Tables
63 – Figures
110 – Pages
The Brazilian Composites Market is marked by the presence of several big and small players. Some of the prominent players offering Brazilian composites include Chongqing Polycomp International Corporation, Owens Corning, Jushi Group Co., Ltd, Polynt-Reichhold, and INEOS Composites.
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