According to the recent study the BRIC composites market is projected to reach an estimated $25 billion by 2030 from $18 billion in 2023 at a CAGR of 5% from 2023 to 2030. Growth in this market is primarily driven by the rise in demand for wind energy, construction, and pipe and tank end uses due to increase in the number of government projects like smart cities development, eco-friendly energy generation, fresh water transportation, sewage treatment system, rehabilitation of water and sewage pipe lines.
Browse 107 figures/charts
and 68 tables in this 205-page report to understand trends, opportunities and
forecast in BRIC composites market by end use (pipe and tank, transportation,
wind energy, aerospace and defense, construction, marine, electrical and
electronics, and others) and country (Brazil, Russia, India China).
Lucintel forecasts that
construction will remain the largest end use over the forecast period due to
widespread acceptance and excellent corrosion resistance properties. Wind
Energy is expected to witness highest growth over the forecast period.
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BRIC composites market
Chongqing Polycomp
International Corporation, Owens Corning, Jushi Group Co., Ltd., Toray
Industries Inc., Teijin Limited, Polynt Group, and Ineos Composites are the
major suppliers in the BRIC composites market.
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Lucintel
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Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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