Composites are used in a variety of markets, such as transportation, construction, marine, wind energy, aerospace, electrical and electronics, and pipe and tank. China has been the top market among the BRIC countries in terms of total composites consumption, whereas India depicted the highest growth rate in 2013 due to rapidly increasing demand from the end user industries.
The major growth drivers of composite materials in BRIC countries are the increasing penetration level and growth of the end use application industries. Composites consumption in the automotive industry has risen substantially, driven by fuel efficiency on account of lighter vehicles for mass produced models as well as performance benefits to high-end automotive models.
The BRIC composites market is expected to grow at a CAGR of 6.9% during 2013-2018. The pipe and tank segment will remain the largest market for composite materials among BRIC countries during the forecast period. The BRIC composites market is expected to be highly competitive in the future, and companies with innovative capabilities can thrive and gain market share.
Lucintel, a leading global management consulting and market research firm, has analyzed the BRIC composites market by various segments and has come up with a comprehensive research report, Growth Opportunities for Composites in BRIC Countries 2013-2018. This report provides an analysis of the composite materials market in BRIC countries, including the analysis of market trends, company profiles, emerging trends, and key drivers of industry growth. The study also includes the composite materials market forecasts through 2018, segmented by markets and countries as follows:
The BRIC composites market segmented by countries:
The BRIC composites market segmented by applications:
Pipe and Tank
Aerospace and Defense
Electrical and Electronics
This 140-pages research report will enable you to make confident business decisions in composites in BRIC countries. For a detailed table of contents and pricing information on this timely, insightful report and other carbon fiber market report click on http://www.lucintel.com/reports/chemical_composites/growth_opportunities_for_composites_in_bric_countries_2013-2018_trends_forecast_and_opportunity_analysis_october_2013.aspx or contact Lucintel at +1-972-636-5056 or via email at [emailprotected] Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, market insight, and cost efficiency. To learn more, visit www.lucintel.com. You can also contact us through Live Chat in its website to answer your questions in real time.
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