Lucintel Forecasts The Bric Composites Market To Reach $25 Billion By 2030

By Author: Lucintel LLC
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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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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.
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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