The market for reinforced plastics has constantly been growing, and it is expected to reach new heights within the next decade. As new technologies and opportunities emerge, there is a need to expand into new markets. So, let us explore the opportunities for composite materials in these new markets.
Opportunities in Emerging Markets for Reinforced Plastics
Here are some of the top emerging markets for composite materials in the world.
- Latin America: As the demand for plastic increases in some countries of Latin America, there is also a need for composite materials. Demand for such plastic is generated by multiple industries, such as textiles, automotive, construction, and packaging. The Indian composite industry could benefit from this demand through several ventures and investments.
- Commonwealth of Independent States (CIS): The CIS is a region which includes Uzbekistan, Russia, and a few other countries. There is an opportunity for reinforced plastics to grow in these markets since there is some demand for composite materials.
- Africa: Africa has a high level of plastic use, which means there is an opportunity for composite materials as well. As it goes through more industrial development and rapid urbanisation, its demand could grow and become transformed. Therefore, composite manufacturers in India could benefit from this growth in the near future.
ICERP 2025: Transforming Reinforced Plastics Globally
ICERP is a platform that has been leading the transformation of composite materials in India. It is expanding its reach internationally with this global event that has thousands of visitors with hundreds of exhibitors. Join this event at the Bombay Exhibition Centre and experience the synergy developed by all the industry experts in one place.