Brazilian composite sector expected to grow for the third year in a row

Latin American Composite Materials Association (ALMACO) predicts a 5.5% jump in revenues for 2019.

In 2019, the Brazilian composite sector is expected to record its third consecutive year of growth, with estimated revenues of US$ 745 million, up 5.5% compared to the previous period. This is the main data of the latest monitoring done by Maxiquim, consulting contracted by the Latin American Composite Materials Association (ALMACO).

Erika Bernardino Aprá, president of ALMACO said:

“We noticed a bullish trend in most of the consumer segments of the material, especially the automotive industry, represented by heavy and agricultural vehicles and energy companies, where there is an intense substitution of wood and concrete used in utility poles by composites, due to their low weight and corrosion resistance”

On the other hand, the construction market is stable, largely due to the difficulty of obtaining real estate credit. “Regarding investments in infrastructure, its depend on government projects, which remain scarce. This has a direct impact on sales, for example, of composite pipes.”

With a share of 35% of the local consumption of polyester composites, civil construction appears ahead of transport (30%), corrosion/sanitation (19%) and marine (3%), among others. Wind power generation accounts for 90% of the demand for epoxy composites. The oil sector is in second place with 5%.

According to Maxiquim’s survey, in 2019, 210,000 tons of composites will be consumed, a volume 4.5% higher than that recorded in 2018. Job generation, in turn, is expected to grow by 3.7%, totaling 65 thousand jobs.

Erika Bernardino Aprá, president of ALMACO concludes:

“If these forecasts are confirmed, it will be our third consecutive year of positive results. Then, in December, we can say that, finally, the growth curve has definitely reversed. Now, it is up to the government to collaborate with the industry and make the necessary reforms so that Brazil becomes an environment favorable to private investments“

Companies: ALMACO (Associação Latino-Americana de Materiais Compósitos)

Industries: Electrical, Electronics, Telecoms & Appliances, Energy, Oil & Gas, Other Composite End-use areas

Terms: Business

This article has been edited by Basalt.Today
This article has been written on JEC Composites Magazine
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