Argentina Composites Market Size & Outlook, 2022-2030
Argentina composites market, 2018-2030 (US$M)
Related Markets
Argentina composites market highlights
- The Argentina composites market generated a revenue of USD 1,551.5 million in 2022 and is expected to reach USD 2,536.1 million by 2030.
- The Argentina market is expected to grow at a CAGR of 6.3% from 2023 to 2030.
- In terms of segment, glass fiber others was the largest revenue generating product in 2022.
- Carbon Fiber is the most lucrative product segment registering the fastest growth during the forecast period.
Composites market data book summary
| Market revenue in 2022 | USD 1,551.5 million |
| Market revenue in 2030 | USD 2,536.1 million |
| Growth rate | 6.3% (CAGR from 2022 to 2030) |
| Largest segment | Glass fiber others |
| Fastest growing segment | Carbon Fiber |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Carbon Fiber, Glass Fiber Others |
| Key market players worldwide | Teijin Ltd, Toray Industries Inc, Owens-Corning Inc, PPG Industries Inc, Huntsman Corp, SGL Group, Hexcel Corp, DuPont de Nemours Inc, Compagnie de Saint-Gobain SA, Weyerhaeuser Co, Cytec Industries, Jushi, KINECO, Momentive, Veplas Group |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.7% of the global composites market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil composites market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 4,996.4 million by 2030.
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Composites Market Scope
Composites Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina 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 composites market will help companies and investors design strategic landscapes.
Glass fiber others was the largest segment with a revenue share of 63.64% in 2022. Horizon Databook has segmented the Argentina composites market based on carbon fiber, glass fiber others covering the revenue growth of each sub-segment from 2018 to 2030.
The automotive & transportation application accounted for majority of share in the country in 2021. The market is expected to flourish on account of the stringent emission regulations by government is forcing automotive manufacturer to develop vehicle designs that incorporated high-performance light-weight materials.
This is anticipated to escalate the market growth during the forecasted years. The automobile manufacturing industry in Argentina has witnessed notable growth in the past few years which is supported by a strong manufacturing base in the country.
Major multinational players operating in the market include Volkswagen, Fiat, General Motors, Honda, Groupe PSA, Ford, Toyota, and others. These companies are aiming to increase production capacities to cater to the domestic and international demand for passenger cars and commercial vehicles.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina composites market , including forecasts for subscribers. This country databook contains high-level insights into Argentina composites market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina composites market size, by product, 2018-2030 (US$M)
Argentina Composites Market Outlook Share, 2022 & 2030 (US$M)
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