LATIN AMERICA REINFORCEMENT MATERIALS MARKET 2021-2028

Chemicals & Materials | Specialty Chemicals

LATIN AMERICA REINFORCEMENT MATERIALS MARKET 2021-2028

Market by Application, Fiber Type, and Country | Forecast 2021-2028

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Triton’s report denotes that the Latin American reinforcement materials market is likely to surge at a CAGR of 5.83% based on revenue over the evaluated years of 2021-2028. During the same period, the market is estimated to advance based on volume at 5.29% of CAGR.


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The countries examined in this market include:

•        Brazil

•        Mexico

•        Rest of Latin America

Brazil has the highest amount of infrastructure lags than other BRICS countries. Moreover, it ranks 108th among 137 economies based on the general quality of infrastructure with inadequate levels, often limiting their capacity. Such insufficiencies are affecting the nation’s high logistics costs. However, this indicates an enormous scope for development in the construction and infrastructure industry, which can influence the demand for reinforcement materials.

Furthermore, Brazil is known to host one of the significant automobile sectors globally. Additionally, the country is anticipated to be part of the top ten countries with the most extensive online automotive aftermarket and part sales worldwide, likely to attain a significant share by 2022. This growth in the automotive sector will further enhance the demand for reinforcement materials for multiple applications. Hence, the above-stated factors are likely to fuel the reinforcement materials market on a growth path.

On the other hand, in Mexico, the government is concentrating on all housing initiatives and projects. Moreover, it is working to revive its housing sector to resolve its housing deficit. Several housing agencies and private companies are also working towards seeking investments to remove the country’s housing deficit. Such steps indicate strong growth of the construction sector, which will simultaneously boost the reinforcement materials market across Mexico.

Owens Corning is among the leading companies involved in insulation, roofing, and fiberglass composite materials. Its business segments consist of roofing, insulation, and composites. The company manufactures, fabricates, and markets glass reinforcement materials in the form of fiber. Moreover, Owens Corning provides reinforcement materials to several industries, including construction, consumer goods, industrial, electrical, and energy generation. The company has operations across multiple regions, including Latin America. 

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Table of Content

1.    LATIN AMERICA REINFORCEMENT MATERIALS MARKET - SUMMARY

2.    INDUSTRY OUTLOOK

2.1. MARKET DEFINITION

2.2. KEY INSIGHTS

2.2.1. CONSTRUCTION IS LARGEST APPLICATION IN MARKET

2.2.2. CARBON FIBER IS FASTEST-GROWING FIBER TYPE IN MARKET

2.2.3. RAPID ADOPTION OF REINFORCEMENT MATERIALS IN INDUSTRIAL APPLICATION

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTE

2.3.3. BARGAINING POWER OF SUPPLIERS

2.3.4. BARGAINING POWER OF BUYERS

2.3.5. INTENSITY OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. MARKET DRIVERS

2.6.1. HIGH DEMAND FOR LIGHTWEIGHT MATERIALS

2.6.2. IMPROVED PRODUCT QUALITY DUE TO REINFORCEMENT

2.7. MARKET RESTRAINTS

2.7.1. EXPENSIVE PROCESS

2.7.2. REPAIR & RECYCLING ISSUES

2.8. MARKET OPPORTUNITIES

2.8.1. GROWTH IN AEROSPACE & DEFENSE SECTOR

2.8.2. RISE OF APPLICATION OF REINFORCEMENT MATERIALS IN MULTIPLE SECTORS

2.9. MARKET CHALLENGES

2.9.1. ENVIRONMENTAL ISSUES

2.10. IMPACT OF CORONAVIRUS ON REINFORCEMENT MATERIALS MARKET

3.    LATIN AMERICA REINFORCEMENT MATERIALS MARKET OUTLOOK - BY APPLICATION

3.1. CONSTRUCTION

3.2. TRANSPORTATION

3.3. CONSUMER GOODS

3.4. INDUSTRIAL APPLICATION

3.5. WIND ENERGY

3.6. AEROSPACE & DEFENSE

3.7. OTHER APPLICATIONS

4.    LATIN AMERICA REINFORCEMENT MATERIALS MARKET OUTLOOK - BY FIBER TYPE

4.1. GLASS FIBER

4.1.1. ROVINGS

4.1.2. CHOPPED STRAND

4.1.3. FABRICS

4.1.4. WOVEN ROVING

4.1.5. CSM/CFM

4.1.6. OTHER GLASS FIBER TYPE

4.2. ARAMID FIBER

4.2.1. PARA-ARAMID FIBER

4.2.2. META-ARAMID FIBER & OTHERS

4.3. CARBON FIBER

4.3.1. PAN

4.3.2. PITCH, RAYON & OTHERS (LIGNIN)

4.4. NATURAL FIBER

4.4.1. FLAX

4.4.2. KENAF

4.4.3. HEMP

4.4.4. JUTE

4.4.5. OTHERS

4.5. STEEL REBAR

5.    REINFORCEMENT MATERIALS MARKET - LATIN AMERICA

5.1. BRAZIL

5.2. MEXICO

5.3. REST OF LATIN AMERICA

6.    COMPETITIVE LANDSCAPE

6.1. BASF

6.2. DUPONT

6.3. HONEYWELL INTERNATIONAL INC

6.4. NFC FIBERS GMBH

6.5. TEIJIN LTD

6.6. TORAY INDUSTRIES INC

6.7. OWENS CORNING

6.8. HYOSUNG CORPORATION

6.9. BINANI INDUSTRIES

6.10. BAST FIBERS LLC

7.    RESEARCH METHODOLOGY & SCOPE

7.1. RESEARCH SCOPE & DELIVERABLES

7.1.1. OBJECTIVES OF STUDY

7.1.2. SCOPE OF STUDY

7.2. SOURCES OF DATA

7.2.1. PRIMARY DATA SOURCES

7.2.2. SECONDARY DATA SOURCES

7.3. RESEARCH METHODOLOGY

7.3.1. EVALUATION OF PROPOSED MARKET

7.3.2. IDENTIFICATION OF DATA SOURCES

7.3.3. ASSESSMENT OF MARKET DETERMINANTS

7.3.4. DATA COLLECTION

7.3.5. DATA VALIDATION & ANALYSIS

List of Tables

TABLE 1: LATIN AMERICA REINFORCEMENT MATERIALS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)        

TABLE 2: LATIN AMERICA REINFORCEMENT MATERIALS MARKET, BY COUNTRY, 2021-2028 (IN KILOTON)          

TABLE 3: VENDOR SCORECARD        

TABLE 4: LATIN AMERICA REINFORCEMENT MATERIALS MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)          

TABLE 5: LATIN AMERICA REINFORCEMENT MATERIALS MARKET, BY APPLICATION, 2021-2028 (IN KILOTON)

TABLE 6: LATIN AMERICA REINFORCEMENT MATERIALS MARKET, BY FIBER TYPE, 2021-2028 (IN $ MILLION)          

TABLE 7: LATIN AMERICA REINFORCEMENT MATERIALS MARKET, BY FIBER TYPE, 2021-2028 (IN KILOTON)

TABLE 8: LATIN AMERICA GLASS FIBER MARKET, BY TYPE, 2021-2028 (IN $ MILLION)     

TABLE 9: LATIN AMERICA GLASS FIBER MARKET, BY TYPE, 2021-2028 (IN KILOTON)      

TABLE 10: LATIN AMERICA ARAMID FIBER MARKET, BY TYPE, 2021-2028 (IN $ MILLION)

TABLE 11: LATIN AMERICA ARAMID FIBER MARKET, BY TYPE, 2021-2028 (IN KILOTON)  

TABLE 12: LATIN AMERICA CARBON FIBER MARKET, BY TYPE, 2021-2028 (IN $ MILLION)           

TABLE 13: LATIN AMERICA CARBON FIBER MARKET, BY TYPE, 2021-2028 (IN KILOTON)

TABLE 14: LATIN AMERICA NATURAL FIBER MARKET, BY TYPE, 2021-2028 (IN $ MILLION)           

TABLE 15: LATIN AMERICA NATURAL FIBER MARKET, BY TYPE, 2021-2028 (IN KILOTON)                        

List of Figures

FIGURE 1: LATIN AMERICA REINFORCEMENT MATERIALS MARKET, BY APPLICATION, 2020 AND 2028 (IN %)    

FIGURE 2: LATIN AMERICA CONSTRUCTION MARKET 2021-2028 (IN $ MILLION)    

FIGURE 3: LATIN AMERICA CARBON FIBER MARKET 2021-2028 (IN $ MILLION)

FIGURE 4: LATIN AMERICA INDUSTRIAL APPLICATION MARKET 2021-2028 (IN $ MILLION)           

FIGURE 5: PORTER’S FIVE FORCES ANALYSIS     

FIGURE 6: MARKET ATTRACTIVENESS INDEX       

FIGURE 7: LATIN AMERICA REINFORCEMENT MATERIALS MARKET, BY CONSTRUCTION, 2021-2028 (IN $ MILLION)

FIGURE 8: LATIN AMERICA REINFORCEMENT MATERIALS MARKET, BY TRANSPORTATION, 2021-2028 (IN $ MILLION)

FIGURE 9: LATIN AMERICA REINFORCEMENT MATERIALS MARKET, BY CONSUMER GOODS, 2021-2028 (IN $ MILLION)       

FIGURE 10: LATIN AMERICA REINFORCEMENT MATERIALS MARKET, BY INDUSTRIAL APPLICATION, 2021-2028 (IN $ MILLION)       

FIGURE 11: LATIN AMERICA REINFORCEMENT MATERIALS MARKET, BY WIND ENERGY, 2021-2028 (IN $ MILLION)

FIGURE 12: LATIN AMERICA REINFORCEMENT MATERIALS MARKET, BY AEROSPACE & DEFENSE, 2021-2028 (IN $ MILLION)   

FIGURE 13: LATIN AMERICA REINFORCEMENT MATERIALS MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)     

FIGURE 14: LATIN AMERICA GLASS FIBER MARKET, BY GLASS FIBER, 2021-2028 (IN $ MILLION)      

FIGURE 15: LATIN AMERICA REINFORCEMENT MATERIALS MARKET, BY ARAMID FIBER, 2021-2028 (IN $ MILLION)

FIGURE 16: LATIN AMERICA REINFORCEMENT MATERIALS MARKET, BY CARBON FIBER, 2021-2028 (IN $ MILLION)

FIGURE 17: LATIN AMERICA REINFORCEMENT MATERIALS MARKET, BY NATURAL FIBER, 2021-2028 (IN $ MILLION)

FIGURE 18: LATIN AMERICA REINFORCEMENT MATERIALS MARKET, BY STEEL REBAR, 2021-2028 (IN $ MILLION)

FIGURE 19: LATIN AMERICA REINFORCEMENT MATERIALS MARKET, REGIONAL OUTLOOK, 2020 AND 2028 (IN %)      

FIGURE 20: BRAZIL REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)    

FIGURE 21: MEXICO REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)   

FIGURE 22: REST OF LATIN AMERICA REINFORCEMENT MATERIALS MARKET 2021-2028 (IN $ MILLION)    

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