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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Some of the global companies operating in the LAMEA aerospace carbon fiber market include Hexcel Corp., Teijin Ltd., SGL Carbon SE, Toray Industries, Inc., Solvay SA, and others. The market players are considerably contributing to market growth by adopting various strategies to stay competitive in the market.
LAMEA Aerospace Carbon Fiber Market- Segmentation
By Raw Material
- Polyacrylonitrile (PAN)
- Petroleum Pitch & Rayon
By Fiber Type
- Virgin Carbon Fiber
- Recycled Carbon fiber
By Application
- Commercial Aviation
- Military Aviation
- Rotorcrafts
LAMEA Aerospace Carbon Fiber Market– Segment by Region
- 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.
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