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Revenue in the Brazilian Composites Industry Grew 4.6% in 2012

  • Tuesday, 12th February 2013
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  • Reading time: about 2 minutes

The Brazilian composites sector reported US$ 1.492 billion revenue in 2012, which corresponds to a 4.6% increase in comparison with the previous year.

The data, from a recent study carried out by Maxiquim, a consulting firm hired by the Latin American Composite Materials Association (ALMACO), also showed that the volume of raw materials consumed fell 0.6%, totalling 206,000 tons during the same period. For 2013, revenues are expected to total US$ 1.612 billion, that is, an increase of 8.1% for an estimated consumption of 211,000 tons (+2.4%).

“The industry profile is changing thanks to the advancement of high-performance processes and the higher value added. This explains, in part, the difference between revenue and volume indicators,” says Gilmar Lima, President of ALMACO. He also highlights other factors that influenced the balance sheet of 2012, such as the successive increases in inputs costs, the compliance with environmental standards, services in general and payroll. “The payroll tax relief established by the government hardly benefited the companies in our production chain”.

The report also claims that, of the volume of raw materials consumed last year, 153,000 tons were intended for the manufacture of polyester resin composites – in figures, US$ 1.135,5 billion. The remaining (53,000 tons or US$ 356.5 million) was on the account of the epoxy resin-based material, a polymer widely used in the manufacture of wind blades.

With a 48% share, the construction industry in 2012 remained in the top position of the ranking of the main composites consumers, ahead of transportation (16%) – highly affected by the significant drop in the sales of trucks and road equipment – corrosion (12%) and sanitation (5%). On the other hand, wind power generation accounted for 90% of the demand for epoxy-based composites. With 6%, the oil sector was ranked second.


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