Brazil Composites Market Size & Outlook, 2022-2030
Brazil composites market, 2018-2030 (US$M)
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Brazil composites market highlights
- The Brazil composites market generated a revenue of USD 2,875.1 million in 2022 and is expected to reach USD 4,996.4 million by 2030.
- The Brazil market is expected to grow at a CAGR of 7.2% 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 2,875.1 million |
| Market revenue in 2030 | USD 4,996.4 million |
| Growth rate | 7.2% (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, Brazil accounted for 3.1% 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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Brazil 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 55.71% in 2022. Horizon Databook has segmented the Brazil composites market based on carbon fiber, glass fiber others covering the revenue growth of each sub-segment from 2018 to 2030.
The construction sector in Brazil is expected to moderate growth, owing to the economic recovery from the recession. However, government initiatives to revitalize the economy through programs such as ‘My House, My Life’ and ‘National Education Plan’ are expected to aid the growth in the construction sector, thereby boosting the demand for composites in construction.during the forecasted years.
The automotive sector in Brazil has witnessed a significant recovery from 2020 after the COVID-19 pandemic, with increased sales of passenger cars and light commercial vehicles. The rate of import and export is expected to increase over the forecast period, owing to high demand and favorable international trade practices, this is likely to benefit the demand for composites over the forecast period.
Improved trade relations, a large production capacity, and ascending usage of commercial aircraft are likely to drive aerospace production in Brazil, thus boosting the demand for composites. Despite the economic crisis witnessed in the region, there is a huge potential for military aircraft in Brazil.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil composites market , including forecasts for subscribers. This country databook contains high-level insights into Brazil composites market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil composites market size, by product, 2018-2030 (US$M)
Brazil Composites Market Outlook Share, 2022 & 2030 (US$M)
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