South & Central America Hybrid Composites Market Forecast to 2028
South & Central America Hybrid Composites Market Forecast to 2028 – Regional Analysis – by Fiber Type (Carbon/Aramid, Carbon/Glass, High-Modulus Polypropylene (HMPP)/Carbon, Ultra High Molecular Weight Polyethylene (UHMWPE)/ Carbon, and Others), Resin (Thermoset and Thermoplastic), and Application (Automotive, Aerospace, Marine, Wind Energy, Sporting Goods, and Others)
$2,100 – $3,500
- Description
- Toplines
- Reasons for Buying
- Table of Contents
- List of Tables
- LIst of Figures
- List of Companies
- Reviews (0)
Description
Rise in Adoption of Biocomposites Fuels South & Central America Hybrid Composites Market
Bio-based polymer matrices are environment-friendly and are the subject of extensive research in various fields. Bio-based matrices are also lightweight and exhibit long-term sustainability, which drives their use in commercial applications. Further, the easy availability of natural raw materials to produce bio-based resin is fueling its supply and demand. Bio-based matrices and biocomposites are employed in several secondary applications in aerospace, automobiles, packaging, electronics, and construction sectors. In the construction industry, biocomposites are generally used to produce doors, windows, terrace decking, insulation material, and acoustic components. According to the report from the Global Alliance for Building and Construction, construction is one of the most harmful sectors to the environment. The study conducted by the alliance at the end of 2019 stated that the construction sector is responsible for 39% of the carbon dioxide emissions dispersed in the environment, 36% of global energy consumption, and 50% of the extraction of raw materials. Conventional construction materials are highly resource- and energy-intensive. Hence, owing to the rising concern and awareness about the social and environmental impacts of conventional building materials, manufacturers of composites are shifting toward environment-friendly raw materials. Thus, the growing adoption of bio-based matrices or resins sourced from carbohydrates, vegetable fats and oils, starch, bacteria, and other biological materials, over petroleum-derived plastic matrices is expected to emerge as an important trend in the South & Central America Zhybrid composites market during the forecast period.
South & Central America Hybrid Composites Market Overview
The automotive industry in South & Central America is witnessing rapid growth as the demand for commercial and personal vehicles is increasing across the region. According to the Brazilian Institute of Country and Statistics, the production of motor vehicles in Brazil accounted for 2.9 million in 2019. Further, the growth of the automotive carbon composite industry in Brazil is attributed to the large presence of small and large companies, including molding, fabrication, and material suppliers such as Elekeiroz, Embrapol, Cromitec, and Fiacbras. Also, the automotive sector in the region is witnessing increased private investments, which boosts the sector’s development.
South & Central America Hybrid Composites Market Revenue and Forecast to 2028 (US$ Million)
South & Central America Hybrid Composites Market Segmentation
The South & Central America hybrid composites market is segmented into fiber type, resin, application, and country.
Based on fiber type, the South & Central America hybrid composites market is segmented into carbon/aramid, carbon/glass, high-modulus polypropylene (HMPP)/carbon, ultra high molecular weight polyethylene (UHMWPE)/ carbon, and others. The carbon/aramid segment held the largest share of the South & Central America hybrid composites market in 2023.
Based on resin, the South & Central America hybrid composites market is segmented into thermoset and thermoplastic. The thermoset segment held a larger share of the South & Central America hybrid composites market in 2023.
Based on application, the South & Central America hybrid composites market is segmented into automotive, aerospace, marine, wind energy, sporting goods, and others. The automotive segment held the largest share of the South & Central America hybrid composites market in 2023.
Based on country, the South & Central America hybrid composites market is segmented into Brazil, Argentina, and the South & Central America. Brazil dominated the South & Central America hybrid composites market in 2023.
Avient Corp, Hexcel Corp, Lanxess AG, Mitsubishi Chemical Holdings Corp, SGL Carbon SE, Solvay SA, Teijin Ltd, and Toray Industries Inc are some of the leading companies operating in the South & Central America hybrid composites market.
Summary Info
| Industry: | |
|---|---|
| Pricing options: | |
| Publishing status: | |
| Geographical coverage: | |
| Year of Publication: |
According to the research team Market research, the South & Central America hybrid composites market was valued at US$ 44.33 million in 2023 and is expected to reach US$ 67.63 million by 2028, registering a CAGR of 8.8% from 2023 to 2028. Growing demand for lightweight materials in aerospace & defense industry and rising use of hybrid composites in wind energy and automotive industries are the critical factors attributed to the South & Central America hybrid composites market expansion.
Hybrid composites are crucial for the safety and efficient performance of modern aircraft. The increasing need for lightweight materials to construct aviation components and parts has significantly increased the demand for hybrid composites. Aircraft manufacturers are making efforts to develop huge primary thermoplastic structures in business jets and commercial aircraft. They were the early adopters of long fiber-reinforced thermoplastics. Materials such as composites and polymers are significantly lighter than steel, brass, alloys, iron, etc. The use of these materials allows manufacturers to lower the weight of airplane parts, subsequently facilitating fuel cost reductions. Thus, the growing demand for lightweight materials in the aerospace & defense industry is driving the hybrid composites market.
On the contrary, high cost and recyclability issues of hybrid composites hampers the South & Central America hybrid composites market.
Based on fiber type, the South & Central America hybrid composites market is segmented into carbon/aramid, carbon/glass, high-modulus polypropylene (HMPP)/carbon, ultra high molecular weight polyethylene (UHMWPE)/ carbon, and others. The carbon/aramid segment held 47.5% share of South & Central America hybrid composites market in 2023, amassing US$ 21.06 million. It is projected to garner US$ 34.18 million by 2028 to expand at 10.2% CAGR during 2023–2028.
Based on resin, the South & Central America hybrid composites market is segmented into thermoset and thermoplastic. The thermoset segment held 66.7% share of South & Central America hybrid composites market in 2023, amassing US$ 29.55 million. It is projected to garner US$ 44.81 million by 2028 to expand at 8.7% CAGR during 2023–2028.
Based on application, the South & Central America hybrid composites market is segmented into automotive, aerospace, marine, wind energy, sporting goods, and others. The automotive segment held 38.9% share of South & Central America hybrid composites market in 2023, amassing US$ 17.26 million. It is projected to garner US$ 27.38 million by 2028 to expand at 9.7% CAGR during 2023–2028.
Based on country, the South & Central America hybrid composites market is segmented into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 70.6% share of South & Central America hybrid composites market in 2023. It was assessed at US$ 31.31 million in 2023 and is likely to hit US$ 48.10 million by 2028, exhibiting a CAGR of 9.0% during 2023–2028.
Key players operating in the South & Central America hybrid composites market are Avient Corp, Hexcel Corp, Lanxess AG, Mitsubishi Chemical Holdings Corp, SGL Carbon SE, Solvay SA, Teijin Ltd, and Toray Industries Inc, among others.
In 2023, Avient Corporation acquired DSM Protective Materials (Dyneema brand) and announced its plan to explore sale option for its Avient Distribution business. In 2023, Lanxess AG launched sustainable product variants to its Tepex brand composite range.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America hybrid composites market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in South & Central America hybrid composites market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Research Team Report Guidance
1.3 Market Segmentation
1.3.1 South & Central America Hybrid Composites Market, by Fiber Type
1.3.2 South & Central America Hybrid Composites Market, by Resin
1.3.3 South & Central America Hybrid Composites Market, by Application
1.3.4 South & Central America Hybrid 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 & Central America Hybrid 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 Buyers:
4.2.3 Bargaining Power of Suppliers:
4.2.4 Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. South & Central America Hybrid Composites Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Demand for Lightweight Materials in Aerospace & Defense Industry
5.1.2 Rising Use of Hybrid Composites in Wind Energy and Automotive Industries
5.2 Market Restraints
5.2.1 High Cost and Recyclability Issues of Hybrid Composites
5.3 Market Opportunities
5.3.1 Increasing Demand for Nanocomposites
5.4 Future Trends
5.4.1 Rise in Adoption of Biocomposites
5.5 Impact Analysis
6. Hybrid Composites – South & Central America Market Analysis
6.1 South & Central America Hybrid Composites Market Overview
6.2 South & Central America Hybrid Composites Market –Volume and Forecast to 2028 (Kilo Tons)
6.3 South & Central America Hybrid Composites Market –Revenue and Forecast to 2028 (US$ Million)
7. South & Central America Hybrid Composites Market Analysis – By Fiber Type
7.1 Overview
7.2 South & Central America Hybrid Composites Market, By Fiber Type (2022 and 2028)
7.3 Carbon/Aramid
7.3.1 Overview
7.3.2 Carbon/Aramid: South & Central America Hybrid Composites Market – Revenue and Forecast to 2028 (US$ Million)
7.3.3 Carbon/Aramid: South & Central America Hybrid Composites Market – Volume and Forecast to 2028 (Kilo Tons)
7.4 Carbon/Glass
7.4.1 Overview
7.4.2 Carbon/Glass: South & Central America Hybrid Composites Market – Revenue and Forecast to 2028 (US$ Million)
7.4.3 Carbon/Glass: South & Central America Hybrid Composites Market – Volume and Forecast to 2028 (Kilo Tons)
7.5 High-Modulus Polypropylene (HMPP)/Carbon
7.5.1 Overview
7.5.2 High-Modulus Polypropylene (HMPP)/Carbon: South & Central America Hybrid Composites Market – Revenue and Forecast to 2028 (US$ Million)
7.5.3 High-Modulus Polypropylene (HMPP)/Carbon: South & Central America Hybrid Composites Market – Volume and Forecast to 2028 (Kilo Tons)
7.6 Ultra High Molecular Weight Polyethylene (UHMWPE)/ Carbon
7.6.1 Overview
7.6.2 Ultra High Molecular Weight Polyethylene (UHMWPE)/ Carbon: South & Central America Hybrid Composites Market – Revenue and Forecast to 2028 (US$ Million)
7.6.3 Ultra High Molecular Weight Polyethylene (UHMWPE)/ Carbon: South & Central America Hybrid Composites Market – Volume and Forecast to 2028 (Kilo Tons)
7.7 Others
7.7.1 Overview
7.7.2 Others: South & Central America Hybrid Composites Market – Revenue and Forecast to 2028 (US$ Million)
7.7.3 Others: South & Central America Hybrid Composites Market – Volume and Forecast to 2028 (Kilo Tons)
8. South & Central America Hybrid Composites Market Analysis – By Resin
8.1 Overview
8.2 South & Central America Hybrid Composites Market, By Resin(2022 and 2028)
8.3 Thermoset
8.3.1 Overview
8.3.2 Thermoset: South & Central America Hybrid Composites Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Thermoplastic
8.4.1 Overview
8.4.2 Thermoplastic: South & Central America Hybrid Composites Market – Revenue and Forecast to 2028 (US$ Million)
9. South & Central America Hybrid Composites Market Analysis – By Application
9.1 Overview
9.2 South & Central America Hybrid Composites Market, By Application (2022 and 2028)
9.3 Automotive
9.3.1 Overview
9.3.2 Automotive: South & Central America Hybrid Composites Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Aerospace
9.4.1 Overview
9.4.2 Aerospace: South & Central America Hybrid Composites Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Marine
9.5.1 Overview
9.5.2 Marine: South & Central America Hybrid Composites Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Wind Energy
9.6.1 Overview
9.6.2 Wind Energy: South & Central America Hybrid Composites Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Sporting Goods
9.7.1 Overview
9.7.2 Sporting Goods: South & Central America Hybrid Composites Market– Revenue and Forecast to 2028 (US$ Million)
9.8 Others
9.8.1 Overview
9.8.2 Others: South & Central America Hybrid Composites Market – Revenue and Forecast to 2028 (US$ Million)
10. South & Central America Hybrid Composites Market – Country Analysis
10.1 Overview
10.1.1 South & Central America Hybrid Composites Market, by Key Country–Revenue (2022) (US$ Million)
10.1.2 South & Central America Hybrid Composites Market, by Key Country
10.1.2.1 Brazil: South & Central America Hybrid Composites Market –Revenue and Forecast to 2028 (US$ Million)
10.1.2.2 Brazil: South & Central America Hybrid Composites Market –Volume and Forecast to 2028 (Kilo Tons)
10.1.2.2.1 Brazil: South & Central America Hybrid Composites Market, by Fiber Type
10.1.2.2.2 Brazil: South & Central America Hybrid Composites Market, by Fiber Type
10.1.2.2.3 Brazil: South & Central America Hybrid Composites Market, by Resin
10.1.2.2.4 Brazil: South & Central America Hybrid Composites Market, by Application
10.1.2.3 Argentina: South & Central America Hybrid Composites Market –Revenue and Forecast to 2028 (US$ Million)
10.1.2.4 Argentina: South & Central America Hybrid Composites Market –Volume and Forecast to 2028 (Kilo Tons)
10.1.2.4.1 Argentina: South & Central America Hybrid Composites Market, by Fiber Type
10.1.2.4.2 Argentina: South & Central America Hybrid Composites Market, by Fiber Type
10.1.2.4.3 Argentina: South & Central America Hybrid Composites Market, by Resin
10.1.2.4.4 Argentina: South & Central America Hybrid Composites Market, by Application
10.1.2.5 Rest of South & Central America: South & Central America Hybrid Composites Market –Revenue and Forecast to 2028 (US$ Million)
10.1.2.6 Rest of South & Central America: South & Central America Hybrid Composites Market –Volume and Forecast to 2028 (Kilo Tons)
10.1.2.6.1 Rest of South & Central America: South & Central America Hybrid Composites Market, by Fiber Type
10.1.2.6.2 Rest of South & Central America: South & Central America Hybrid Composites Market, by Fiber Type
10.1.2.6.3 Rest of South & Central America: South & Central America Hybrid Composites Market, by Resin
10.1.2.6.4 Rest of South & Central America: South & Central America Hybrid Composites Market, by Application
11. Hybrid Composite Market Industry Landscape
11.1 Overview
11.2 Product Launch
11.3 Merger and Acquisitions
11.4 Partnerships
11.5 Expansion
12. Company Profiles
12.1 Hexcel Corp
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Lanxess AG
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 SGL Carbon SE
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Avient Corp
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Teijin Ltd
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Solvay SA
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Toray Industries Inc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Mitsubishi Chemical Holdings Corp
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. South & Central America Hybrid Composites Market –Volume and Forecast to 2028 (Kilo Tons)
Table 2. South & Central America Hybrid Composites Market –Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil: South & Central America Hybrid Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil: South & Central America Hybrid Composites Market, by Fiber Type – Volume and Forecast to 2028 (Kilo Tons)
Table 5. Brazil: South & Central America Hybrid Composites Market, by Resin– Revenue and Forecast to 2028 (US$ Million)
Table 6. Brazil: South & Central America Hybrid Composites Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. Argentina: South & Central America Hybrid Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Argentina: South & Central America Hybrid Composites Market, by Fiber Type – Volume and Forecast to 2028 (Kilo Tons)
Table 9. Argentina: South & Central America Hybrid Composites Market, by Resin– Revenue and Forecast to 2028 (US$ Million)
Table 10. Argentina: South & Central America Hybrid Composites Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Rest of South & Central America: South & Central America Hybrid Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of South & Central America: South & Central America Hybrid Composites Market, by Fiber Type – Volume and Forecast to 2028 (Kilo Tons)
Table 13. Rest of South & Central America: South & Central America Hybrid Composites Market, by Resin– Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of South & Central America: South & Central America Hybrid Composites Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 15. Glossary of Terms, South & Central America Hybrid Composites Market
LIST OF FIGURES
Figure 1. South & Central America Hybrid Composites Market Segmentation
Figure 2. South & Central America Hybrid Composites Market Segmentation – By Country
Figure 3. South & Central America Hybrid Composites Market Overview
Figure 4. South & Central America Hybrid Composites Market, By Resin
Figure 5. South & Central America Hybrid Composites Market, by Country
Figure 6. Porter’s Five Forces Analysis
Figure 7. Ecosystem: South & Central America Hybrid Composites Market
Figure 8. Expert Opinions
Figure 9. South & Central America Hybrid Composites Market Impact Analysis of Drivers and Restraints
Figure 10. South & Central America Hybrid Composites Market – Volume and Forecast to 2028 (Kilo Tons)
Figure 11. South & Central America Hybrid Composites Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. South & Central America Hybrid Composites Market Revenue Share, By Fiber Type (2022 and 2028)
Figure 13. Carbon/Aramid: South & Central America Hybrid Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. Carbon/Aramid: South & Central America Hybrid Composites Market – Volume and Forecast To 2028 (Kilo Tons)
Figure 15. Carbon/Glass: South & Central America Hybrid Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. Carbon/Glass: South & Central America Hybrid Composites Market – Volume and Forecast To 2028 (Kilo Tons)
Figure 17. High-Modulus Polypropylene (HMPP)/Carbon: South & Central America Hybrid Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. High-Modulus Polypropylene (HMPP)/Carbon: South & Central America Hybrid Composites Market – Revenue and Forecast To 2028 (Kilo Tons)
Figure 19. Ultra High Molecular Weight Polyethylene (UHMWPE)/ Carbon: South & Central America Hybrid Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 20. Ultra High Molecular Weight Polyethylene (UHMWPE)/ Carbon: South & Central America Hybrid Composites Market – Revenue and Forecast To 2028 (Kilo Tons)
Figure 21. Others: South & Central America Hybrid Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22. Others: South & Central America Hybrid Composites Market – Volume and Forecast To 2028 (US$ Mn)
Figure 23. South & Central America Hybrid Composites Market Revenue Share, By Resin (2022 and 2028)
Figure 24. Thermoset: South & Central America Hybrid Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. Thermoplastic: South & Central America Hybrid Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 26. South & Central America Hybrid Composites Market Revenue Share, By Application (2022 and 2028)
Figure 27. Automotive: South & Central America Hybrid Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 28. Aerospace: South & Central America Hybrid Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 29. Marine: South & Central America Hybrid Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 30. Wind Energy: South & Central America Hybrid Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 31. Sporting Goods: South & Central America Hybrid Composites Market– Revenue and Forecast To 2028 (US$ Million)
Figure 32. Others: South & Central America Hybrid Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 33. South & Central America Hybrid Composites Market, by Key Country– Revenue (2022) (US$ Million)
Figure 34. South & Central America Hybrid Composites Market Revenue Share, by Key Country (2022 and 2028)
Figure 35. Brazil: South & Central America Hybrid Composites Market –Revenue and Forecast to 2028 (US$ Million)
Figure 36. Brazil: South & Central America Hybrid Composites Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 37. Argentina: South & Central America Hybrid Composites Market –Revenue and Forecast to 2028 (US$ Million)
Figure 38. Argentina: South & Central America Hybrid Composites Market –Volume and Forecast to 2028 (Kilo Tons)
Figure 39. Rest of South & Central America: South & Central America Hybrid Composites Market –Revenue and Forecast to 2028 (US$ Million)
Figure 40. Rest of South & Central America: South & Central America Hybrid Composites Market –Volume and Forecast to 2028 (Kilo Tons)
The List of Companies – South & Central America Hybrid Composites Market
o Avient Corp
o Hexcel Corp
o Lanxess AG
o Mitsubishi Chemical Holdings Corp
o SGL Carbon SE
o Solvay SA
o Teijin Ltd
o Toray Industries Inc
You must be logged in to post a review.
Reviews
There are no reviews yet.