BRICS High Performance Composites Market (Material - Resins, and Fibers; End Users - Automotive, Aerospace, Consumer Goods, Electronics, Energy, and Others): Industry Analysis, Trends, Size, Share and Forecasts to 2027

A recent report ongoing by Infinium Global Research on BRICS high performance composites market provides in-depth analysis of segments and sub-segments in the BRICS as well as regional BRICS high performance composites market. The study also highlights the impact of drivers, restraints, and macro indicators on the BRICS and regional BRICS high performance composites market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the BRICS high performance composites market. According to the report, the BRICS high performance composites market is projected to grow at a significant CAGR over the forecast period of 2021-2027.

Market Insight

Fiber and resin are two materials that are used for manufacturing high performance composites. The BRICS high performance composites manufactured using resin and fiber are known for their high rigidity, lightweight, and great stiffness. In high performance composites, their strength and modulus are determined by the oriented continuous fibers utilized as reinforcements used in it. The matrix used in BRICS high performance composites is made up of thermosetting and thermoplastic polymers on the other hand Fibers of glass, aramid, and carbon fibers. These materials are primarily used in applications such as automotive, wind turbines, medical, construction, aerospace, and defense as they have high thermal conductivity, high tensile strength, and are low weight.

Strong durability, stiffness, lightweight, high rigidity, strength, non-corrosiveness, and high thermal conductivity is some of the unique and extensive characteristics of BRICS high performance composites that make them desirable in a wide range of applications across industries. Due to its extensive properties in BRICS, high performance composites are being used instead in place of certain metals and their alloys. Various end user industries such as electronics, automotive, aerospace and defense, and consumer goods are using BRICS high performance composites. In BRICS countries BRICS high performance composites are in high demand from end user industries such as Automotive, Aerospace and Defense, Energy, and electronics. Furthermore, its demand at these end user industries is also growing owing to the new applications of BRICS high performance composites in these industries. These factors are majorly driving the market. Though, the high cost associated with the production of BRICS high performance composites may hamper the growth of the market. New opportunities are expected as the investments in R&D of new BRICS high performance composites are growing.

China is expected to be the largest high performance composites market in the BRICS region. China is an emerging economic and industrial superpower. Many industries such as aerospace and defense, renewable energy, and automotive are flourishing in China. Supplementary industries including BRICS high performance composites industry are also developing at a faster pace in China. These industries are focusing are fulfilling the high demand for BRICS high performance composites from the end user industries in China. Furthermore, the market is also growing at a rapid pace in China owing to the favorable policies and regulations of the government that facilitate the setting up of factories in the country. Many foreign market players such as Toray Industries, Inc. BASF SE, Teijin Limited, and others have their manufacturing facilities in China. Also, many regional companies offering BRICS high performance composites such as LANXESS (Wuxi) Chemical Company Ltd., HRC Group, and Coleitec Composites Technology Ltd. have emerged in China. China also has an advanced level of technology and R&D infrastructure that is expected to facilitate the production and R&D of BRICS high performance composites in the country.

Segment Covered

The report on BRICS high performance composites market covers segments such as material, and end users. On the basis of material, the sub-markets include resins, and fibers. On the basis of end users, the sub-markets include automotive, aerospace, consumer goods, electronics, energy, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as Toray Industries, Inc., BASF SE, LANXESS (Wuxi) Chemical Company Ltd., Solvay S.A., Teijin Limited, Coleitec Composites Technology Ltd., HRC Group, JEC Group, BRICS high performance composites & Coatings Private Limited, and Vactech Composites Pvt. Ltd.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the BRICS high performance composites market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.