According to the recent study the BRIC composites market is projected to reach an estimated $25.0 billion by 2030 from $18.4 billion in 2023, at a CAGR of 5.0% 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).
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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.
Suzlon, Kineco Limited, Mahindra CEI Automotive Ltd., Tata AutoComp Systems, Chongqing Polycomp International Corporation (CPIC), Owens Corning, Jushi Group Co., Ltd., and Polynt-Reichhold are the major suppliers in the BRIC composites 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
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