South America Composites Market Forecast to 2028 – COVID-19 Impact and Regional Analysis– by Fiber Type (Carbon Fiber Composites, Glass Fiber Composites, and Others), Resin Type [Thermoset (Polyester, Vinyl Ester, Epoxy, Polyurethane, and Others) and Thermoplastic (Polypropylene, Polyethylene, Polyvinylchloride, Polystyrene, Polyethylene Terephthalate, Polycarbonate, and Others)], and End Use Industry (Automotive, Aerospace and Defense, Wind, Construction, Marine, Sporting Goods, and Others)
The South America composites market is expected to grow from US$ 2,431.11 million in 2022 to US$ 2,988.37 million by 2028. It is estimated to grow at a CAGR of 3.5% from 2022 to 2028.
Applications of Composites in Wind Energy Sector Fuels South America Composites Market
The wind energy sector is one of the fastest-growing sectors across the globe and is expected to expand rapidly in the coming years. Wind energy capacity is increasing with the rise in renewable energy infrastructure. Composite is an essential material that is highly adopted for the development of wind energy infrastructure. Rapid developments in material technology have been supporting variations in the structure of wind turbines. Many of these variations were primarily introduced to reduce the prices of turbines. Factors such as mechanical equipment, corrosion resistance, fatigue resistance, breaking toughness, rigidity, weight, and appearance of wind turbines significantly impact their operations. Glass fiber-reinforced plastics (GFRP) are the most used type of composite material in wind turbine manufacturing. Good mechanical properties and corrosion resistance, high-temperature tolerance, simplified manufacturing, and favorable cost are the major benefits conferred by GRPs. Furthermore, the expansion of the wind energy sector in developed and developing economies will boost the demand for composites in the coming years. Such favorable government initiatives would lead to high demand for composites in the wind energy sector, thereby creating opportunities for the growth of the South America composites market during the forecast period.
South America Composites Market Overview
Governments of various countries in South America are focusing on developing infrastructure projects owing to surging urbanization, which is expected to boost the demand for composites in the construction industry during the forecast period. Further, the significant presence of automotive companies in Brazil and Argentina is propelling the sales of composites in the region. According to the report by the Brazilian Association of Automotive Vehicle Manufacturers, the production of automobiles in Brazil grew by 11.4%, whereas 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, thereby signifying the growth in automotive sector.
South America Composites Market Revenue and Forecast to 2028 (US$ Million)
South America Composites Market Segmentation
The South America composites market is segmented into fiber type, resin type, end use industry, and country.
Based on fiber type, the South America composites market is segmented into carbon fiber composites, glass fiber composites, and others. The glass fiber composites segment held the largest share of the South America composites market in 2022.
Based on resin type, the South America composites market is segmented into thermoset and thermoplastic. The thermoset segment held a larger share of the South America composites market in 2022. The thermoset is segmented into polyester, vinyl ester, epoxy, polyurethane, and others. The Thermoplastic is segmented into polypropylene, polyethylene, polyvinylchloride, polystyrene, polyethylene terephthalate, polycarbonate, and others.
Based on end use industry, the South America composites market is segmented into automotive, aerospace and defense, wind, construction, marine, sporting goods, and others. The automotive segment held the largest share of the South America composites market in 2022.
Based on country, the South America composites market is segmented into Brazil, Argentina, and the Rest of South America. Brazil dominated the share of the South America composites market in 2022.
DuPont de Nemours Inc; Hexion Inc; Mitsubishi Chemical Holdings Corp; Owens Corning; SGL Carbon SE; Solvay SA; Teijin Ltd; and Toray Industries Inc are the leading companies operating in the South America 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 Composites Market, by Fiber Type
1.3.2 South America Composites Market, by Resin Type
1.3.3 South America Composites Market, by End Use Industry
1.3.4 South America 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 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 Suppliers:
4.2.3 Bargaining Power of Buyers:
4.2.4 Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
4.3.1 Overview:
4.3.2 Raw Material Suppliers:
4.3.3 Manufacturers
4.3.4 Distributors
4.3.5 End-User
4.4 Expert Opinion
5. South America Composites Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand for Lightweight Materials from Automotive & Aerospace Industry
5.1.2 Rising Utilization of Glass-fiber Composites in End-use Industries
5.2 Market Restraints
5.2.1 Challenges in Recycling of Thermoset Composites
5.3 Market Opportunities
5.3.1 Applications of Composites in Wind Energy Sector
5.4 Future Trends
5.4.1 Development of Composites from Biobased Matrices
5.5 Impact Analysis
6. Composites – South America Market Analysis
6.1 South America Composites Market Overview
6.2 South America Composites Market –Volume and Forecast to 2028 (Kilo Tons)
6.3 South America Composites Market –Revenue and Forecast to 2028 (US$ Million)
7. South America Composites Market Analysis – By Fiber Type
7.1 Overview
7.2 South America Composites Market, By Fiber Type (2021 and 2028)
7.3 Carbon Fiber Composites
7.3.1 Overview
7.3.2 Carbon Fiber Composites: South America Composites Market – Volume and Forecast to 2028 (Kilo Tons)
7.3.3 Carbon Fiber Composites: South America Composites Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Glass Fiber Composites
7.4.1 Overview
7.4.2 Glass Fiber Composites: South America Composites Market – Volume and Forecast to 2028 (Kilo Tons)
7.4.3 Glass Fiber Composites: South America Composites Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: South America Composites Market – Volume and Forecast to 2028 (Kilo Tons)
7.5.3 Others: South America Composites Market – Revenue and Forecast to 2028 (US$ Mn)
8. South America Composites Market Analysis – By Resin Type
8.1 Overview
8.2 South America Composites Market, By Resin Type (2021 and 2028)
8.3 Thermoset
8.3.1 Overview
8.3.2 Thermoset: South America Composites Market – Revenue and Forecast to 2028 (US$ Million)
8.3.3 Polyester
8.3.3.1 Overview
8.3.3.2 Polyester: South America Composites Market – Revenue and Forecast to 2028 (US$ Million)
8.3.4 Vinyl Ester
8.3.4.1 Overview
8.3.4.2 Vinyl Ester: South America Composites Market – Revenue and Forecast to 2028 (US$ Million)
8.3.5 Epoxy
8.3.5.1 Overview
8.3.5.2 Epoxy: South America Composites Market – Revenue and Forecast to 2028 (US$ Million)
8.3.6 Polyurethane
8.3.6.1 Overview
8.3.6.2 Polyurethane: South America Composites Market – Revenue and Forecast to 2028 (US$ Million)
8.3.7 Others
8.3.7.1 Overview
8.3.7.2 Others: South America Composites Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Thermoplastic
8.4.1 Overview
8.4.2 Thermoplastic: South America Composites Market – Revenue and Forecast to 2028 (US$ Million)
8.4.3 Polypropylene
8.4.3.1 Overview
8.4.3.2 Polypropylene: South America Composites Market – Revenue and Forecast to 2028 (US$ Million)
8.4.4 Polyethylene
8.4.4.1 Overview
8.4.4.2 Polyethylene: South America Composites Market – Revenue and Forecast to 2028 (US$ Million)
8.4.5 Polyvinylchloride
8.4.5.1 Overview
8.4.5.2 Polyvinylchloride: South America Composites Market – Revenue and Forecast to 2028 (US$ Million)
8.4.6 Polystyrene
8.4.6.1 Overview
8.4.6.2 Polystyrene: South America Composites Market – Revenue and Forecast to 2028 (US$ Million)
8.4.7 Polyethylene Terephthalate
8.4.7.1 Overview
8.4.7.2 Polyethylene Terephthalate: South America Composites Market – Revenue and Forecast to 2028 (US$ Million)
8.4.8 Polycarbonate
8.4.8.1 Overview
8.4.8.2 Polycarbonate: South America Composites Market – Revenue and Forecast to 2028 (US$ Million)
8.4.9 Others
8.4.9.1 Overview
8.4.9.2 Others: South America Composites Market – Revenue and Forecast to 2028 (US$ Million)
9. South America Composites Market Analysis – By End Use Industry
9.1 Overview
9.2 South America Composites Market, By End Use Industry (2021 and 2028)
9.3 Automotive
9.3.1 Overview
9.3.2 Automotive: South America Composites Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Aerospace and Defense
9.4.1 Overview
9.4.2 Aerospace and Defense: South America Composites Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Wind
9.5.1 Overview
9.5.2 Wind: South America Composites Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Construction
9.6.1 Overview
9.6.2 Construction: South America Composites Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Marine
9.7.1 Overview
9.7.2 Marine: South America Composites Market – Revenue and Forecast to 2028 (US$ Million)
9.8 Sporting Goods
9.8.1 Overview
9.8.2 Sporting Goods: South America Composites Market – Revenue and Forecast to 2028 (US$ Million)
9.9 Others
9.9.1 Overview
9.9.2 Others: South America Composites Market – Revenue and Forecast to 2028 (US$ Million)
10. South America Composites Market – Country Analysis
10.1 Overview
10.1.1 South America Composites Market, by Key Country
10.1.1.1 Brazil: South America Composites Market –Volume and Forecast to 2028 (Kilo Tons)
10.1.1.2 Brazil: South America Composites Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Brazil: South America Composites Market, by Fiber Type
10.1.1.2.2 Brazil: South America Composites Market, by Fiber Type
10.1.1.2.3 Brazil: South America Composites Market, by Resin Type
10.1.1.2.4 Brazil: South America Composites Market, by End Use Industry
10.1.1.3 Argentina: South America Composites Market –Volume and Forecast to 2028 (Kilo Tons)
10.1.1.4 Argentina: South America Composites Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Argentina: South America Composites Market, by Fiber Type
10.1.1.4.2 Argentina: South America Composites Market, by Fiber Type
10.1.1.4.3 Argentina: South America Composites Market, by Resin Type
10.1.1.4.4 Argentina: South America Composites Market, by End Use Industry
10.1.1.5 Rest of South America: South America Composites Market –Volume and Forecast to 2028 (Kilo Tons)
10.1.1.6 Rest of South America: South America Composites Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of South America: South America Composites Market, by Fiber Type
10.1.1.6.2 Rest of South America: South America Composites Market, by Fiber Type
10.1.1.6.3 Rest of South America: South America Composites Market, by Resin Type
10.1.1.6.4 Rest of South America: South America Composites Market, by End Use Industry
11. Company Profiles
11.1 DuPont de Nemours Inc
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Hexion Inc
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Mitsubishi Chemical Holdings Corp
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Owens Corning
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 SGL Carbon SE
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Teijin Ltd
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Solvay SA
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Toray Industries Inc
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. South America Composites Market –Volume and Forecast to 2028 (Kilo Tons)
Table 2. South America Composites Market –Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil: South America Composites Market, by Fiber Type – Volume and Forecast to 2028 (Kilo Tons)
Table 4. Brazil: South America Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Brazil: South America Composites Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Brazil: South America Composites Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 7. Argentina: South America Composites Market, by Fiber Type – Volume and Forecast to 2028 (Kilo Tons)
Table 8. Argentina: South America Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Argentina: South America Composites Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Argentina: South America Composites Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 11. Rest of South America: South America Composites Market, by Fiber Type – Volume and Forecast to 2028 (Kilo Tons)
Table 12. Rest of South America: South America Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of South America: South America Composites Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of South America: South America Composites Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 15. Glossary of Terms, South America Composites Market
LIST OF FIGURES
Figure 1. South America Composites Market Segmentation
Figure 2. South America Composites Market Segmentation – By Country
Figure 3. South America Composites Market Overview
Figure 4. South America Composites Market, By End Use Industry
Figure 5. South America Composites Market, by Country
Figure 6. Porter’s Five Forces Analysis of South America Composites Market
Figure 7. South America Composites Market, Ecosystem
Figure 8. Expert Opinion
Figure 9. South America Composites Market Impact Analysis of Drivers and Restraints
Figure 10. South America Composites Market – Volume and Forecast to 2028 (Kilo Tons)
Figure 11. South America Composites Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. South America Composites Market Revenue Share, By Fiber Type (2021 and 2028)
Figure 13. Carbon Fiber Composites: South America Composites Market – Volume and Forecast To 2028 (Kilo Tons)
Figure 14. Carbon Fiber Composites: South America Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. Glass Fiber Composites: South America Composites Market – Volume and Forecast To 2028 (Kilo Tons)
Figure 16. Glass Fiber Composites: South America Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. Others: South America Composites Market – Volume and Forecast To 2028 (Tons)
Figure 18. Others: South America Composites Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 19. South America Composites Market Revenue Share, By Resin Type (2021 and 2028)
Figure 20. Thermoset: South America Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. Polyester: South America Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22. Vinyl Ester: South America Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 23. Epoxy: South America Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 24. Polyurethane: South America Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. Others: South America Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 26. Thermoplastic: South America Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 27. Polypropylene: South America Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 28. Polyethylene: South America Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 29. Polyvinylchloride: South America Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 30. Polystyrene: South America Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 31. Polyethylene Terephthalate: South America Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 32. Polycarbonate: South America Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 33. Others: South America Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 34. South America Composites Market Revenue Share, By End Use Industry (2021 and 2028)
Figure 35. Automotive: South America Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 36. Aerospace and Defense: South America Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 37. Wind: South America Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 38. Construction: South America Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 39. Marine: South America Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 40. Sporting Goods: South America Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 41. Others: South America Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 42. South America Composites Market – Revenue (2021) (US$ Million)
Figure 43. South America Composites Market Revenue Share, by Key Country (2021 and 2028)
Figure 44. Brazil: South America Composites Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 45. Brazil: South America Composites Market –Revenue and Forecast to 2028 (US$ Million)
Figure 46. Argentina: South America Composites Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 47. Argentina: South America Composites Market –Revenue and Forecast to 2028 (US$ Million)
Figure 48. Rest of South America: South America Composites Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 49. Rest of South America: South America Composites Market –Revenue and Forecast to 2028 (US$ Million)
- DuPont de Nemours Inc
- Hexion Inc
- Mitsubishi Chemical Holdings 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 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 South America 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 market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.