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A report for the Brazilian Composite Materials Association (ABMACO) has been conducted by Maxiquim and shows earnings and consumption of raw materials in the Brazilian composites sector increased in the 3rd quarter.
ABMACO have reported that, between July and September, the revenue of the Brazilian composites sector totalled US$407 million, which corresponds to an increase of 1.4% in comparison with the previous quarter. When compared to the same period of the previous year, it is 9.8% higher. They also report that consumption of raw materials increased from 45,500 to 55,700 tons (+22.3%).
Gilmar Lima, President of ABMACO, says the recovery is a result of the positive phase experienced by buses and truck manufacturers. The transportation sector is the second largest Brazilian composite consumer, only behind the construction sector.
“Road supplies and agribusiness are also undergoing a favourable scenario in general, as well the growing demand from the wind power generation and construction markets”. The construction market, however, has evolved at a pace slower than expected, due to the delayed release of funds from the government programs. “But the expectations are very positive for the upcoming months”, says the President of ABMACO.
According to Maxiquim’s survey, Brazil should consume 208,000 tons of composites materials this year, which is 1.8% higher than in 2010. On the other hand, the sector’s earnings, due to the successive increases in petrochemical inputs, should close at USD 1,625 billion, 10.2% higher than in the previous year.
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