The LAMEA automotive carbon fiber market is estimated to grow significantly during the forecast period. The major factors that further propel the market growth include the rising application of carbon fiber in the automotive sector coupled with the significant adoption of electric vehicles in the region. The electric car sales in Mexico and Brazil have increased significantly in the last few years. According to IEA, in Mexico, the new electric car sales were estimated to be around 100 units in 2015, which increased to around 1,790 units in 2018. Such exponential growth in electric car sales over the past few years is expected to increase the production of EVs in the country that further encourages the demand for carbon fiber in the automotive sector. This offers a growth opportunity for the market players operating in the market.
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The LAMEA automotive carbon fiber market is segmented on the basis of raw material, fiber type, and application. On the basis of raw material, the market is sub-segmented into PAN and petroleum pitch & rayon. PAN is the predominant precursor for carbon fiber due to superior strength and stability, and higher carbon yield. Based on the fiber type, the market is classified into virgin automotive carbon fiber and recycled automotive carbon fiber. Based on the application, the market is classified into the interior, exterior, structural assembly, and others.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
LAMEA Automotive Carbon Fiber Market by Raw Material
- Polyacrylonitrile (PAN)
- Petroleum Pitch & Rayon
LAMEA Automotive Carbon Fiber Market by Fiber Type
- Virgin Carbon Fiber
- Recycled Carbon fiber
LAMEA Automotive Carbon Fiber Market by Application
- Interior
- Exterior
- Structural Assembly
- Others (Powertrain Components )
Regional Analysis
- Latin America
- Middle East
- Africa
Company Profiles
- Hexcel Corp.
- Hyosung Corp.
- Jiangsu Hengshen Co. Ltd.
- Mitsubishi Chemical Holdings Corp.
- Solvay SA
- SGL Carbon SE
- Toray Industries, Inc.
- Teijin Ltd.
- Weihai Guangwei Composites Co., Ltd.
- ZHONGFU SHENYING CARBON FIBER CO., LTD.
The Report Covers
- Comprehensive research methodology of the LAMEA automotive carbon fiber market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the LAMEA automotive carbon fiber market.
- Insights about market determinants which are stimulating the LAMEA automotive carbon fiber market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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