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.

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. 

Research Methodology

The market study of the LAMEA automotive carbon fiber market is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for automotive carbon fiber market players, automobile industry, contract manufacturers, third-party suppliers, raw material suppliers, distributors & traders, industry associates & experts, government organizations, regulatory bodies, and other market participants for the overall market and competitive analysis. The report provides an in-depth analysis on market size, products offered by the companies, and future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.

Market Segmentation

1. LAMEA Automotive Carbon Fiber Market Research and Analysis by Raw Material
2. LAMEA Automotive Carbon Fiber Market Research and Analysis by Fiber Type
3. LAMEA Automotive Carbon Fiber Market Research and Analysis by Application

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.