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