Brazil Composites Market Size
According to Straits Research analysis, the Brazil Composites Market was valued at USD 907 Million in 2024 and is projected to reach USD 1743 Million by 2033, expanding at a CAGR of 7.6% during the forecast period. The increasing demand from agriculture, chemicals, and energy industries are the primary drivers of the market. The use of composites in manufacturing lightweight and durable agriculture equipment, chemical-resistant industrial tanks, and wind turbine blades, is paving the way for robust market growth. Emerging trends like using low-carbon production methods and greener materials in line with sustainability are creating novel opportunities. With advancements in technology, Brazil's export potential is also augmenting. As the country continues adapting to these emerging trends, Brazil is gradually gaining a significant positioning in the global composites market.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Brazil Composites Market Highlights
- Layup held the leading position among Manufacturing Process segments in 2024, based on market size.
- Filament is projected to post the fastest growth rate, sustaining its position as the most attractive Manufacturing Process segment during the forecast horizon.
- Brazil contributed 0.87% to the global composites market size in 2024.
- By 2033, China is forecasted to remain the largest global market for composites market.
- In Latin America, Rest of Latin America is projected to capture the leading share of market by 2033.
- Among Latin America markets, Mexico is expected to post the fastest growth, reaching USD 4707 Million by 2033.
Brazil Composites Market Revenue Share 2024
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Report Summary
| Report Scope |
Details |
| Base Year for Study |
2024 |
| Study Period |
2020-2033 |
| Historical Period |
2020-2023 |
| Forecast Period |
2025-2033 |
| Market Size In 2024 |
USD 907 Million |
| Market Size In 2033 |
USD 1743 Million |
| Largest segment |
Layup |
| Fastest segment |
Filament |
| Units |
Revenue in USD Million |
| CAGR |
7.6% (2025-2033) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Brazil Composites Market Share By Manufacturing Process
Segmentation Covered
| Segments |
Sub Segments |
| Manufacturing Process |
- Layup
- Filament
- Injection Molding
- Pultrusion
- Compression molding
- RTM
- Others
|
| Product |
- Carbon fiber
- Glass Fiber
|
| End-User |
- Automotive and transportation
- Electrical and Electronics
- Wind Energy
- Construction and Infrastructure
- Pipes and Tanks
- Marine
- Others
|
Brazil Composites Market By Manufacturing Process 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
Brazil Composites Market By Product 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
Brazil Composites Market By End-User 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.