BRIC Countries

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Recently, India demonstrated that the BRIC countries are expected to play a role in reclaiming the weathered post-economic crisis globally. As a whole, BRIC countries cover nearly 30% of the land mass and 30% of the total population of the world. In the next three to five years, the composite markets of BRIC countries such as Brazil, India, China, and Russia are expected to grow steadily. For over a decade now, India has been considered a leader in composite consumption. In addition, India has the highest growth rate mainly because of the high demand of industrial users. Industrial growth development in BRIC countries vary from one region to another, as they are affected by factors such as price against performance and how a given application penetrates into the market. In the next five years, the market will be highly competitive. For a company to secure a market share, it should be highly innovative.
According to various research studies conducted on the subject, the composite market in the BRIC industries still has great potential to achieve an excellent growth. The use of compos...

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