Lucintel Forecasts the BRIC Composites Market to Reach $21 Billion by 2035

According to a market report by Lucintel, the future of the BRIC composites market looks promising with opportunities in the pipe & tank, transportation, wind energy, aerospace & defense, construction, marine, electrical & electronics end use industries. The BRIC composites market is expected to reach an estimated $21 billion by 2035 with a CAGR of 3% from 2025 to 2035. The major drivers for this market growth is 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.

BRIC composites market to 2035 by end use industry (pipe and tank, transportation, wind energy, aerospace and defense, construction, marine, electrical and electronics, and other end use industries) and country (Brazil, Russia, India, and 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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CPIC, Praana Group, Jushi Group Co., Ltd., Toray Industries Inc., Teijin Limited, Polynt Group, INEOS Composites (KPS Capital) are the major suppliers in the BRIC composites material market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056

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