South America Advanced Composites Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Fiber Type (Carbon Fiber Composites, Aramid Fiber Composites, Glass Fiber Composites, and Others), Matrix Type [Epoxy Resin, Phenolics, Polyester Resin, Polyurethane Resin, Polyphenylene Sulfide (PPS), Polyetherimide (PEI), and Others], and End-Use Industry (Aerospace & Defense, Automotive, Wind Energy, Building & Construction, Electrical & Electronics, and Others)
The South America advanced composites market is expected to grow from US$ 911.83 million in 2022 to US$ 1,445.19 million by 2028. It is estimated to grow at a CAGR of 8.0% from 2022 to 2028.
Increasing Demand for Nanocomposites is Fuelling South America Advanced Composites Market
Nanocomposites are materials that incorporate nanosized particles into a matrix of standard material. To overcome the limitation of different engineering materials, nanocomposites act as a beneficial alternative. Nanocomposites can be classified based on their dispersed matrix and dispersed phase materials. Polymeric nanocomposites are materials incorporating nanosized inclusions into the polymer matrices. They exhibit excellent mechanical properties, flame retardancy, enhanced modulus & dimensional stability, improved scratch resistance, superior thermal and processing properties, reduced warpage of components, and enhanced impact resistance, making them suitable to replace metals in various industrial applications. These nanocomposites are widely used in medical, electronics, automotive, food packaging, and sport equipment applications. They are also used in aeronautics and spaceflight due to their ability to withstand tension and extreme temperatures. Furthermore, growing research and development efforts are also increasing the applications of nanocomposites. Hence, the rising demand for nanocomposites and associated research & development activities is expected to offer lucrative opportunities for the South America advanced composites market growth during the forecast period.
South America Advanced Composites Market Overview
In South America, the construction industry is expanding, and various countries such as Brazil are investing their capital expenditure on many projects in infrastructure. The ongoing infrastructure projects such as “Jubarte Offshore Oil Field Development” and “Pre-Salt Submarine Fiber Optic Cable Network” are expected to grow the demand for carbon-reinforced composites and glass-reinforced composites during the tenure of these infrastructure projects. Further, governments of various countries in South America are focusing on developing more infrastructure projects owing to surging urbanization. Moreover, advanced composites make lighter, safer, and more fuel-efficient vehicles, hence, the automotive companies in Brazil and Argentina are using these reinforced composited, which propels the sales of advanced composites in the region. For instance, according to the report by the Brazilian Association of Automotive Vehicle Manufacturers, the production of automobiles in Brazil grew by 11.4%, and the sales were boosted by 10.9% from February to March 2022. Moreover, a few major market players operating in the automotive sector have strategized the development and expansion of their operational capacities in South America to fuel the growth of the automotive market. For instance, in 2022, Audi AG invested US$ 19.2 million to restart production at its plant in Parana, Brazil, registering a capacity of 4,000 vehicles per year. Thus, increased production capacity of major automobile players would eventually increase the demand for raw materials such as advanced composites for its production.
South America Advanced Composites Market Revenue and Forecast to 2028 (US$ Million)
South America Advanced Composites Market Segmentation
The South America advanced composites market is segmented based on fiber type, matrix type, end-use industry, and country.
Based on fiber type, the South America advanced composites market is segmented into carbon fiber composites, aramid fiber composites, glass fiber composites, and others. The carbon fiber composites segment held the largest share of the South America advanced composites market in 2022.
Based on matrix type, the South America advanced composites market is segmented into epoxy resin, phenolics, polyester resin, polyurethane resin, polyphenylene sulfide (PPS), polyetherimide (PEI), and others. The epoxy resin segment held the largest share of the South America advanced composites market in 2022.
Based on end-use industry, the South America advanced composites market is segmented into aerospace & defense, automotive, wind energy, building & construction, electrical & electronics, and others. The aerospace & defense segment held the largest share of the South America advanced composites market in 2022.
Based on country, the South America advanced composites market has been categorized into Brazil, Argentina, and the Rest of South America. Our regional analysis states that Brazil dominated the South America advanced composites market in 2022.
Avient Corp, Ensinger GmbH, Johns Manville Corp, Mitsubishi Chemical Corp, Owens Corning, SGL Carbon SE, Solvay SA, Teijin Ltd, and Toray Industries Inc are the leading companies operating in the South America advanced composites market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 South America Advanced Composites Market, by Fiber Type
1.3.2 South America Advanced Composites Market, by Matrix Type
1.3.3 South America Advanced Composites Market, by End-Use Industry
1.3.4 South America Advanced Composites Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. South America Advanced Composites Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Threat of New Entrants:
4.2.2 Bargaining Power of Buyers:
4.2.3 Bargaining Power of Suppliers:
4.2.4 Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers:
4.3.2 Manufacturers:
4.3.3 Distributors or Suppliers:
4.3.4 End-Use Industries
4.4 Expert Opinion
5. South America Advanced Composites Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Demand for Lightweight Materials in Aerospace & Defense Industry
5.1.2 Rising Use of Advanced Composites in Wind Energy and Automotive Industries
5.2 Market Restraints
5.2.1 High Cost and Recyclability Issues of Advanced Composites
5.3 Market Opportunities
5.3.1 Increasing Demand for Nanocomposites
5.4 Future Trends
5.4.1 Rise in Adoption of Biocomposites
5.5 Impact Analysis
6. Advanced Composites Market – South America Analysis
6.1 South America Advanced Composites Market –Volume and Forecast to 2028 (Kilo Tons)
6.2 South America Advanced Composites Market –Revenue and Forecast to 2028 (US$ Million)
7. South America Advanced Composites Market Analysis – By Fiber Type
7.1 Overview
7.2 South America Advanced Composites Market, By Fiber Type (2021 and 2028)
7.3 Carbon Fiber Composites
7.3.1 Overview
7.3.2 Carbon Fiber Composites: Advanced Composites Market – Revenue and Forecast to 2028 (US$ Million)
7.3.3 Carbon Fiber Composites: Advanced Composites Market – Volume and Forecast to 2028 (Kilo Tons)
7.4 Aramid Fiber Composites
7.4.1 Overview
7.4.2 Aramid Fiber Composites: Advanced Composites Market – Revenue and Forecast to 2028 (US$ Million)
7.4.3 Aramid Fiber Composites: Advanced Composites Market – Volume and Forecast to 2028 (Kilo Tons)
7.5 Glass Fiber Composites
7.5.1 Overview
7.5.2 Glass Fiber Composites: Advanced Composites Market – Revenue and Forecast to 2028 (US$ Million)
7.5.3 Glass Fiber Composites: Advanced Composites Market – Volume and Forecast to 2028 (Kilo Tons)
7.6 Others
7.6.1 Overview
7.6.2 Others: Advanced Composites Market – Volume and Forecast to 2028 (US$ Million)
7.6.3 Others: Advanced Composites Market – Revenue and Forecast to 2028 (Kilo Tons)
8. South America Advanced Composites Market Analysis – Matrix Type
8.1 Overview
8.2 South America Advanced Composites Market, By Matrix Type (2021 and 2028)
8.3 Epoxy Resin
8.3.1 Overview
8.3.2 Epoxy Resin: Advanced Composites Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Phenolics
8.4.1 Overview
8.4.2 Phenolics: Advanced Composites Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Polyester Resin
8.5.1 Overview
8.5.2 Polyester Resin: Advanced Composites Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Polyurethane Resin
8.6.1 Overview
8.6.2 Polyurethane Resin: Advanced Composites Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Polyphenylene Sulfide (PPS)
8.7.1 Overview
8.7.2 Polyphenylene Sulfide (PPS): Advanced Composites Market – Revenue and Forecast to 2028 (US$ Million)
8.8 Polyetherimide (PEI):
8.8.1 Overview
8.8.2 Polyetherimide (PEI): Advanced Composites Market – Revenue and Forecast to 2028 (US$ Million)
8.9 Others
8.9.1 Overview
8.9.2 Others: Advanced Composites Market – Revenue and Forecast to 2028 (US$ Million)
9. South America Advanced Composites Market Analysis – By End-Use Industry
9.1 Overview
9.2 South America Advanced Composites Market, By End-Use Industry (2021 and 2028)
9.3 Aerospace and Defense
9.3.1 Overview
9.3.2 Aerospace and Defense: Advanced Composites Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Automotive
9.4.1 Overview
9.4.2 Automotive: Advanced Composites Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Wind Energy
9.5.1 Overview
9.5.2 Wind Energy: Advanced Composites Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Building and Construction
9.6.1 Overview
9.6.2 Building and Construction: Advanced Composites Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Electrical and Electronics
9.7.1 Overview
9.7.2 Electrical and Electronics: Advanced Composites Market– Revenue and Forecast to 2028 (US$ Million)
9.8 Others
9.8.1 Overview
9.8.2 Others: Advanced Composites Market – Revenue and Forecast to 2028 (US$ Million)
10. South America Advanced Composites Market – Country Analysis
10.1 Overview
10.1.1 South America: Advanced Composites Market, by Key Country
10.1.1.1 Brazil: Advanced Composites Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.2 Brazil: Advanced Composites Market –Volume and Forecast to 2028 (Kilo Tons)
10.1.1.2.1 Brazil: Advanced Composites Market, by Fiber Type
10.1.1.2.2 Brazil: Advanced Composites Market, by Fiber Type
10.1.1.2.3 Brazil: Advanced Composites Market, by Matrix Type
10.1.1.2.4 Brazil: Advanced Composites Market, by End-Use Industry
10.1.1.3 Argentina: Advanced Composites Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.4 Argentina: Advanced Composites Market –Volume and Forecast to 2028 (Kilo Tons)
10.1.1.4.1 Argentina: Advanced Composites Market, by Fiber Type
10.1.1.4.2 Argentina: Advanced Composites Market, by Fiber Type
10.1.1.4.3 Argentina: Advanced Composites Market, by Matrix Type
10.1.1.4.4 Argentina: Advanced Composites Market, by End-Use Industry
10.1.1.5 Rest of South America: Advanced Composites Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.6 Rest of South America: Advanced Composites Market –Volume and Forecast to 2028 (Kilo Tons)
10.1.1.6.1 Rest of South America: Advanced Composites Market, by Fiber Type
10.1.1.6.2 Rest of South America: Advanced Composites Market, by Fiber Type
10.1.1.6.3 Rest of South America: Advanced Composites Market, by Matrix Type
10.1.1.6.4 Rest of South America: Advanced Composites Market, by End-Use Industry
11. Industry Landscape
11.1 Overview
11.2 Merger and Acquisition
11.3 Expansion
11.4 Other Business Strategies
12. Company Profiles
12.1 Avient Corp
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Toray Industries Inc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Teijin Ltd
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 SGL Carbon SE
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Owens Corning
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Solvay SA
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Johns Manville Corp
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Ensinger GmbH
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Mitsubishi Chemical Corp
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. South America Advanced Composites Market –Volume and Forecast to 2028 (Kilo Tons)
Table 2. South America Advanced Composites Market –Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil Advanced Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil Advanced Composites Market, by Fiber Type – Volume and Forecast to 2028 (Kilo Tons)
Table 5. Brazil Advanced Composites Market, by Matrix Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Brazil Advanced Composites Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 7. Argentina Advanced Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Argentina Advanced Composites Market, by Fiber Type – Volume and Forecast to 2028 (Kilo Tons)
Table 9. Argentina Advanced Composites Market, by Matrix Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Argentina Advanced Composites Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 11. Rest of South America Advanced Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of South America Advanced Composites Market, by Fiber Type – Volume and Forecast to 2028 (Kilo Tons)
Table 13. Rest of South America Advanced Composites Market, by Matrix Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of South America Advanced Composites Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 15. Glossary of Terms
LIST OF FIGURES
Figure 1. South America Advanced Composites Market Segmentation
Figure 2. South America Advanced Composites Market Segmentation – By Country
Figure 3. South America Advanced Composites Market Overview
Figure 4. South America Advanced Composites Market, By Fiber Type
Figure 5. South America Advanced Composites Market, by Country
Figure 6. Porter's Five Forces Analysis
Figure 7. South America Advanced Composites Market Ecosystem
Figure 8. Expert Opinion
Figure 9. South America Advanced Composites Market Impact Analysis of Drivers and Restraints
Figure 10. South America Advanced Composites Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 11. South America Advanced Composites Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. South America Advanced Composites Market Revenue Share, By Fiber Type (2021 and 2028)
Figure 13. Carbon Fiber Composites: South America Advanced Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. Carbon Fiber Composites: South America Advanced Composites Market – Volume and Forecast To 2028 (Kilo Tons)
Figure 15. Aramid Fiber Composites: South America Advanced Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. Aramid Fiber Composites: South America Advanced Composites Market – Volume and Forecast To 2028 (Kilo Tons)
Figure 17. Glass Fiber Composites: South America Advanced Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. Glass Fiber Composites: South America Advanced Composites Market – Revenue and Forecast To 2028 (Kilo Tons)
Figure 19. Others: South America Advanced Composites Market – Volume and Forecast To 2028 (US$ Million)
Figure 20. Others: South America Advanced Composites Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 21. South America Advanced Composites Market Revenue Share, By Matrix Type (2021 and 2028)
Figure 22. Epoxy Resin: South America Advanced Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 23. Phenolics: South America Advanced Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 24. Polyester Resin: South America Advanced Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. Polyurethane Resin: South America Advanced Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 26. Polyphenylene Sulfide (PPS): South America Advanced Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 27. Polyetherimide (PEI): South America Advanced Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 28. Others: South America Advanced Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 29. South America Advanced Composites Market Revenue Share, By End-Use Industry (2021 and 2028)
Figure 30. Aerospace and Defense: South America Advanced Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 31. Automotive: South America Advanced Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 32. Wind Energy: South America Advanced Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 33. Building and Construction: South America Advanced Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 34. Electrical and Electronics: South America Advanced Composites Market– Revenue and Forecast To 2028 (US$ Million)
Figure 35. Others: South America Advanced Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 36. South America: Advanced Composites Market, by Key Country – Revenue (2021) (US$ Million)
Figure 37. South America: Advanced Composites Market Revenue Share, by Key Country (2021 and 2028)
Figure 38. Brazil: Advanced Composites Market –Revenue and Forecast to 2028 (US$ Million)
Figure 39. Brazil: Advanced Composites Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 40. Argentina: Advanced Composites Market –Revenue and Forecast to 2028 (US$ Million)
Figure 41. Argentina: Advanced Composites Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 42. Rest of South America: Advanced Composites Market –Revenue and Forecast to 2028 (US$ Million)
Figure 43. Rest of South America: Advanced Composites Market –Volume and Forecast to 2028 (Kilo Tons)
- Avient Corp
- Ensinger GmbH
- Johns Manville Corp
- Mitsubishi Chemical Corp
- Owens Corning
- SGL Carbon SE
- Solvay SA
- Teijin Ltd
- Toray Industries Inc
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South America advanced composites market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the South America advanced composites market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth South America market trends and outlook coupled with the factors driving the advanced composites market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution