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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)

October 2023 | 142 pages | ID: SE5DACF64A81EN
The Insight Partners

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The South & Central America hybrid composites market is expected to grow from US$ 44.33 million in 2023 to US$ 67.63 million by 2028. It is estimated to grow at a CAGR of 8.8% from 2023 to 2028.

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.
1. INTRODUCTION

1.1 Study Scope
1.2 The Insight Partners Research 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)


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