| Label | Composite | Non-Composite |
|---|---|---|
| 2019 | 30.29 USD Mn | 1.78 USD Mn |
| 2020 | 30.32 USD Mn | 1.74 USD Mn |
| 2021 | 31.14 USD Mn | 1.74 USD Mn |
| 2022 | 32.12 USD Mn | 1.76 USD Mn |
| 2023 | 33.3 USD Mn | 1.78 USD Mn |
| 2024 | 34.83 USD Mn | 1.81 USD Mn |
| 2025 | 36.54 USD Mn | 1.86 USD Mn |
| 2026 | 38.44 USD Mn | 1.9 USD Mn |
| 2027 | 40.7 USD Mn | 1.97 USD Mn |
| 2028 | 43.18 USD Mn | 2.04 USD Mn |
Data Source: Wantstats Repository
Brazil has been increasingly focusing on building its position in the global carbon fiber market, and has been experiencing a growing demand for pitch-based carbon fiber. Pitch-based carbon fiber is a type of carbon fiber that is produced from raw materials such as coal, petroleum, and pitches. It offers high strength and stiffness combined with low weight, making it a preferred material in various industries such as aerospace, automotive, and sports equipment. The demand for pitch-based carbon fiber in Brazil can be attributed to several factors. One of the main drivers of this demand is the country's growing aerospace industry. Brazil has emerged as a hub for aerospace manufacturers, with companies like Embraer and Helibras leading the way. These companies use pitch-based carbon fiber in the production of aircraft components such as fuselage, wings, and other structural parts. The increasing demand for lighter and more fuel-efficient aircraft has further fueled the demand for pitch-based carbon fiber in Brazil. Moreover, the automotive industry in Brazil has also been a significant contributor to the demand for pitch-based carbon fiber.
The country is the eighth-largest producer of vehicles in the world, and with the growing trend towards electric vehicles, the use of carbon fiber for lightweighting has become crucial. Pitch-based carbon fiber is used in the production of components such as body panels, chassis, and interiors, as it helps in reducing the overall weight of the vehicle and improves its performance. Another key factor driving the demand for pitch-based carbon fiber in Brazil is the growth of the sports equipment industry. The country has a strong passion for sports, especially football. With the upcoming major sporting events like FIFA World Cup and Olympics, there has been a growing demand for lightweight and high-performance sports equipment. Carbon fiber, including pitch-based carbon fiber, has become a preferred material in the production of sports equipment such as bicycles, tennis rackets, and golf clubs. In conclusion, the demand for pitch-based carbon fiber is expected to continue its growth trajectory in Brazil due to the country's strong presence in industries such as aerospace, automotive, and sports equipment. The increasing focus on sustainable and lightweight materials, along with the upcoming major sporting events, will further drive the demand for pitch-based carbon fiber in the country.
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2024.
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I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
R&D Director, Seojin
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Brazil Pitch Based Carbon Fiber Market, by Type (Tons), 2019 - 2028
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