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Brazilian consumption of composites fell 4.6% in 2020

Revenues, in turn, rose 3.9%, driven by the increase in raw materials prices.

Brazilian consumption of composites fell 4.6% in 2020
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In 2020, Brazilian consumption of composites fell 4.6%, totaling 208,000 tons. Despite the drop, the sector revenues rose 3.9%, reaching US$ 561 million, as a result of successive increases in the prices of raw materials, mainly resin and fiberglass. The data are part of a survey carried out by the Latin American Composite Materials Association (ALMACO).

“Although there was a strong recovery in the second half of the year, the effects of the pandemic at the beginning of 2020 were very intense and, in some cases, such as in the bus segment, they last until now”, commented Erika Bernardino Aprá, president of ALMACO.

According to the ALMACO survey, civil construction accounted for 35% of Brazilian consumption of polyester composites in 2020, ahead of transport (20%), corrosion/sanitation (17%), leisure/swimming pools (12%), wind energy (6%), electricity (4%), marine (2%) and clothing (1%), among others. When separating only the demand for composites based on epoxy resin, wind power generation led with 91%, ahead of oil and gas (4%) and electronics (3%).

For 2021, ALMACO expects an 11% growth in consumption, totaling 230 thousand tons of composites – in value, US$ 650 million (+16%). “Civil construction remains heated, as well as the demand from industries that deal with highly corrosive processes, environments in which composites stand out due to their high chemical resistance”.

More information www.almaco.org.br