Latin America Advanced Composites Market Size & Outlook

The advanced composites market in Latin America is expected to reach a projected revenue of US$ 3,306.2 million by 2030. A compound annual growth rate of 7.1% is expected of Latin America advanced composites market from 2022 to 2030.

Revenue, 2021 (US$M)
$1,784.2
Forecast, 2030 (US$M)
$3,306.2
CAGR, 2022 - 2030
7.1%
Report Coverage
Latin America

Latin America advanced composites market highlights

  • The Latin America advanced composites market generated a revenue of USD 1,784.2 million in 2021.
  • The market is expected to grow at a CAGR of 7.1% from 2022 to 2030.
  • In terms of segment, glass fiber composites was the largest revenue generating product in 2021.
  • Carbon Fiber Composites is the most lucrative product segment registering the fastest growth during the forecast period.
  • Country-wise, Brazil is expected to register the highest CAGR from 2022 to 2030.

Latin America data book summary

Market revenue in 2021USD 1,784.2 million
Market revenue in 2030USD 3,306.2 million
Growth rate7.1% (CAGR from 2021 to 2030)
Largest segmentGlass fiber composites
Fastest growing segmentCarbon Fiber Composites
Historical data covered2017 - 2020
Base year for estimation2021
Forecast period covered2022 - 2030
Quantitative unitsRevenue in USD million
Market segmentationAramid Fiber Composites, Carbon Fiber Composites, Glass Fiber Composites
Key market players worldwideToray Industries Inc, Teijin Ltd, Hexcel Corp, SGL Group, Cytec Industries, Owens-Corning Inc, DuPont de Nemours Inc, Huntsman Corp, Formosa Plastics Group, Plasan Carbon Composites

Other key industry trends

  • In terms of revenue, Latin America region accounted for 5.2% of the global advanced composites market in 2021.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 18,826.3 million by 2030.

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Advanced Composites Market Scope

Advanced composites market segmentation & scope
Aerospace & Defense
Automotive
Wind Energy
Sporting Goods
Others
Aerospace & Defense
Automotive
Wind Energy
Sporting Goods
Pipes & Tanks
Construction
Marine
Others
Aerospace & Defense
Automotive
Wind Energy
Sporting Goods
Pipes & Tanks
Construction
Marine
Others

Advanced Composites Market Companies

Name Profile # Employees HQ Website

Latin America advanced composites market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to advanced composites market will help companies and investors design strategic landscapes.


Glass fiber composites was the largest segment with a revenue share of 61.27% in 2021. Horizon Databook has segmented the Latin America advanced composites market based on aramid fiber composites, carbon fiber composites, glass fiber composites covering the revenue growth of each sub-segment from 2017 to 2030.


  • Latin America Advanced Composites Product Outlook (Revenue, USD Million, 2017-2030)
    • Aramid Fiber Composites
      • Aerospace & Defense
      • Automotive
      • Wind Energy
      • Sporting Goods
      • Others
    • Carbon Fiber Composites
      • Aerospace & Defense
      • Automotive
      • Wind Energy
      • Sporting Goods
      • Pipes & Tanks
      • Construction
      • Marine
      • Others
    • Glass Fiber Composites
      • Aerospace & Defense
      • Automotive
      • Wind Energy
      • Sporting Goods
      • Pipes & Tanks
      • Construction
      • Marine
      • Others

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Target buyers of Latin America advanced composites market databook

  • Our clientele includes a mix of advanced composites market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America advanced composites market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America advanced composites market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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Latin America advanced composites market size, by country, 2017-2030 (US$M)

Latin America Advanced Composites Market Outlook Share, 2021 & 2030 (US$M)

Latin America advanced composites market size, by country, 2017-2030 (US$M)

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