The LAMEA carbon fiber market is estimated to grow significantly during the forecast period. The market growth is attributed to the significant presence of major end-user industries of carbon fiber in the region. According to SIPRI, Saudi Arabia had a military expenditure of nearly $63.7 billion, $70.4 billion, and $67.6 billion in 2016, 2017, and 2018, respectively. Moreover, the military expenditure of Israel and Iran was $15.9 billion and $13.2 billion in 2018, respectively. The well-developed aerospace & defense industry of Israel and significant trade relations with the US for military and defense projects create considerable demand for the carbon fiber in the region. 

The LAMEA carbon fiber market is segmented on the basis of raw material, fiber type, and industry vertical. On the basis of raw material, the market is sub-segmented into PAN and petroleum pitch & rayon. Based on the fiber type, the market is classified into virgin carbon fiber and recycled carbon fiber. Based on the industry verticals, the market is classified into aerospace & defense, automotive, construction infrastructure, and others such as sporting goods. Among these, the aerospace & defense industry segment accounted for a major share in the market. The market value is attributed to the increased production by the major aerospace and defense manufacturers. Further, demand by the aerospace & defense industry is primarily attributed to the demand for military aircraft that utilize advanced composites, including both commercial and military aviation. 

Some of the global companies operating in the LAMEA carbon fiber market include Hexcel Corp., Mitsubishi Chemical Carbon Fiber and Composites, Inc., Solvay SA 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 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 carbon fiber market players, automobile industry, aerospace 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 carbon fiber Market Research and Analysis by Raw Material
2. LAMEA carbon fiber Market Research and Analysis by Fiber Type
3. LAMEA carbon fiber Market Research and Analysis by Verticals

The Report Covers

• Comprehensive research methodology of the LAMEA 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 carbon fiber market.
• Insights about market determinants which are stimulating the LAMEA carbon fiber market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.