LAMEA Automotive Carbon Fiber Market Growth, Analysis Report, Share, Trends and Overview 2022-2028
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.
The companies which are contributing to
the growth of the LAMEA automotive carbon fiber market include Hexcel Corp.,
Teijin Ltd., Mitsubishi Chemical Holdings Corp., SGL Carbon SE, Toray
Industries, Inc., and others. The market players are considerably contributing
to market growth by adopting various strategies to stay competitive in the
market.
LAMEA Automotive Carbon Fiber Market-
Segmentation
By
Raw Material
·
Polyacrylonitrile (PAN)
·
Petroleum Pitch & Rayon
By
Fiber Type
·
Virgin Carbon Fiber
·
Recycled Carbon fiber
By
Application
·
Interior
·
Exterior
·
Structural Assembly
·
Others (Powertrain Components)
A full report of LAMEA Automotive Carbon Fiber
Market is available at: https://www.omrglobal.com/industry-reports/lamea-automotive-carbon-fiber-market
LAMEA Automotive Carbon Fiber Market– Segment by
Region
·
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.
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