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6th December 2018, Brazil

Brazilian composites sector records year of growth

Brazilian composites sector expects to close this year with a turnover of US$ 685 million, an increase of 3.8%, compared to the previous year. It is estimated that the consumption of raw materials in 2018 reached 202,000 tons, a volume that is 3.1% higher than that recorded in 2017. The figures come from Maxiquim, a consultancy contracted by the Latin American Composite Materials Association (ALMACO).

“The year started promising, but we felt a decline in business over the months, especially in the second quarter. In any case, despite intense exchange rate fluctuations and political turmoil, we will have the second consecutive year of growth since 2014,” said Gilmar Lima, president of ALMACO.

The transportation industries, especially the agricultural vehicle assemblers, continued to respond to most of the demand in 2018. © ALMACO

The transportation industries, especially the agricultural vehicle assemblers, and the infrastructure, with a focus on the expansion of electric grids, continued to respond to most of the demand. “They also helped to increase by 5% the number of jobs created in 2018, totalling 63 thousand jobs,” added Lim.

By 2019, Lima relies on the resumption of the other sectors, especially the civil construction, Brazilian number one in the demand for the material. “With political stability and the improvement of the economic scenario, construction tends to be one of the first beneficiaries.”

www.almaco.org.br

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