LAMEA aerospace carbon fiber market is estimated to grow significantly during the forecast period owing to the growing aerospace industry. As per the Aerospace Industries Association of Brazil in 2017, with around 100 facilities for aircraft manufacturing, the state accounts for 73.0% of Brazil units. The Brazilian aerospace industry is the largest and the most vital in the Southern Hemisphere. Brazil has been among the top 10 export destinations for US aerospace products over many years. In 2018, the US exports of aerospace products to Brazil reached $6.5 billion, an increase of 14.2% compared to 2017. Therefore, the scope of the aerospace industry further encourages the demand for raw materials that are required in aerospace manufacturing, which will further propel the aerospace carbon fiber market growth.
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The LAMEA aerospace 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. PAN-based carbon fiber is widely used in the aerospace industry. Based on the fiber type, the market is classified into virgin aerospace carbon fiber and recycled aerospace carbon fiber. Based on the application, the market is classified into commercial aviation, military aviation, and rotorcrafts.
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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 Aerospace Carbon Fiber Market by Raw Material
- Polyacrylonitrile (PAN)
- Petroleum Pitch & Rayon
LAMEA Aerospace Carbon Fiber Market by Fiber Type
- Virgin Carbon Fiber
- Recycled Carbon fiber
LAMEA Aerospace Carbon Fiber Market by Application
- Commercial Aviation
- Military Aviation
- Rotorcrafts
Regional Analysis
- Latin America
- Middle East
- Africa
Company Profiles
- Hexcel Corp.
- Mitsubishi Chemical Holdings Corp.
- Nippon Carbon Co. Ltd.
- Solvay SA
- SGL Carbon SE
- Toray Industries, Inc.
- Teijin Ltd.
- UMATEX, ROSATOM State Corp.
- Weihai Guangwei Composites Co., Ltd.
- ZHONGFU SHENYING CARBON FIBER CO., LTD.
The Report Covers
- Comprehensive research methodology of the LAMEA aerospace 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 aerospace carbon fiber market.
- Insights about market determinants which are stimulating the LAMEA aerospace 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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