South & Central America Carbon Fiber-Based SMC BMC Market Forecast to 2030 - Regional Analysis - by Resin Type (Polyester, Vinyl Ester, Epoxy, and Others) and End-Use Industry (Automotive, Aerospace, Electrical and Electronics, Building and Construction, and Others)
The South & Central America carbon fiber-based SMC BMC market was valued at US$ 19.03 million in 2022 and is expected to reach US$ 28.76 million by 2030; it is estimated to grow at a CAGR of 5.3% from 2022 to 2030.
Growing Global Automotive Industry Fuels South & Central America Carbon Fiber-Based SMC BMC Market
Brazil is the eighth-largest automobile producer in the world. The country ranks sixth in the world for producing new light automobiles. The south and southeast of Brazil are the countries with the highest concentration of auto production. There are 419 auto parts producers in São Paulo. Volkswagen, Fiat, General Motors, Ford, and Renault are the top 5 manufacturers of passenger cars. OEMs are still making investments in the nation despite the economic downturn. According to OICA, Brazil produced 2,369,769 vehicles in 2022, 5% up from 2021. Additionally, the country's automobile sector has been one of the key forces behind Argentina's economic recovery from the COVID-19 pandemic in 2021 and 2022. Law 27.686 to Encourage Investments in the Automotive Industry and Its Value Chain was passed by the Argentine Congress in 2022. The new Act intends to support new investments in the car-marking sector and fortify its supply chain, all the while bolstering the sector's export-oriented image, encouraging the development of new clean engine technologies (such as hydrogen, biofuels, and hybrids), and promoting technology transfer and innovation. According to OICA, Argentina produced 536,893 vehicles in 2022, 24% up from last year. Carbon fiber-based SMC and BMC are lightweight and offer durability, design flexibility, tolerance to temperature fluctuations, and chemical resistance. They have various applications such as automotive body panels, structural components, and insulating components. The demand for SMC and BMC for the production of automobiles has increased due to a high emphasis on reducing vehicle weight and enhancing fuel efficiency. The rise in electric and hybrid vehicles has further boosted the demand for lightweight materials for the insulation of electrical components. Thus, the growing automotive industry propels the demand for automotive components, subsequently boosting the carbon fiber-based SMC BMC market during the forecast period.
South & Central America Carbon Fiber-Based SMC BMC Market Overview
The South & Central America carbon fiber-based SMC BMC market is segmented into Brazil, Argentina, and the Rest of South & Central America. In the region, the construction industry is expanding, and various countries such as Brazil invest in many projects in infrastructure. The ongoing infrastructure projects such as "Jubarte Offshore Oil Field Development" and "Pre-Salt Submarine Fiber Optic Cable Network" are expected to fuel the demand for composite products such as carbon fiber-based SMC BMC products. Further, according to the report by the Brazilian Association of Automotive Vehicle Manufacturers, the production of automobiles in Brazil grew by 11.4%, and the sales were boosted by 10.9% from February to March 2022. Moreover, major players operating in the automotive sector have strategized the development and expansion of their operational capacities in South & Central America. In 2022, Audi AG invested US$ 19.2 million to restart production at its plant in Parana, Brazil, registering a capacity of 4,000 vehicles per year. Thus, all these factors positively impact the South & Central America carbon fiber-based SMC BMC market growth in the region.
South & Central America Carbon Fiber-Based SMC BMC Market Revenue and Forecast to 2030 (US$ Million)
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South & Central America Carbon Fiber-Based SMC BMC Market Segmentation
The South & Central America carbon fiber-based SMC BMC market is segmented based on resin type, end-use industry, and country.
Based on resin type, the South & Central America carbon fiber-based SMC BMC market is segmented into polyester, vinyl ester, epoxy, and others. The polyester segment held the largest share in 2022.
By end use industry, the South & Central America carbon fiber-based SMC BMC market is categorized into automotive, aerospace, electrical and electronics, building and construction, and others. The automotive segment held the largest share in 2022.
Based on country, the South & Central America carbon fiber-based SMC BMC market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America carbon fiber-based SMC BMC market in 2022.
LyondellBasell Industries NV, Menzolit GmBH, Mitsubishi Chemical Group Corp, Polynt SpA, and Teijin Carbon Europe GmbH are some of the leading companies operating in the South & Central America carbon fiber-based SMC BMC market.
Table of Content
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Carbon Fiber-Based SMC BMC Market Landscape
4.1 Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Carbon Fiber-Based SMC BMC Manufacturers
4.3.3 Distributors/Suppliers
4.3.4 End-Use Industries
5. South & Central America Carbon Fiber-Based SMC BMC Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Global Automotive Industry
5.1.2 Rising Construction Activities
5.1.3 Increasing Demand for Lightweight, Durable, and Fire-Resistant Materials
5.2 Market Restraints
5.2.1 Availability of Substitute Products
5.3 Market Opportunities
5.3.1 Adoption of Sustainable Products
5.4 Future Trends
5.4.1 Development of Novel Resin Systems for Carbon Fiber-Based SMC and BMC
5.5 Impact Analysis
6. Carbon Fiber-Based SMC BMC Market - South & Central America Market Analysis
6.1 South & Central America Carbon Fiber-Based SMC BMC Market Volume (Kilo Tons)
6.2 South & Central America Carbon Fiber-Based SMC BMC Market Revenue (US$ Million)
6.3 South & Central America Carbon Fiber-Based SMC BMC Market Forecast and Analysis
7. South & Central America Carbon Fiber-Based SMC BMC Market Analysis - Resin Type
7.1 Polyester
7.1.1 Overview
7.1.2 Polyester Market Volume and Forecast to 2030 (Kilo Tons)
7.1.3 Polyester Market Revenue and Forecast to 2030 (US$ Million)
7.2 Vinyl Ester
7.2.1 Overview
7.2.2 Vinyl Ester Market Volume and Forecast to 2030 (Kilo Tons)
7.2.3 Vinyl Ester Market Revenue and Forecast to 2030 (US$ Million)
7.3 Epoxy
7.3.1 Overview
7.3.2 Epoxy Market Volume and Forecast to 2030 (Kilo Tons)
7.3.3 Epoxy Market Revenue and Forecast to 2030 (US$ Million)
7.4 Others
7.4.1 Overview
7.4.2 Others Market Volume and Forecast to 2030 (Kilo Tons)
7.4.3 Others Market Revenue and Forecast to 2030 (US$ Million)
8. South & Central America Carbon Fiber-Based SMC BMC Market Analysis - End-Use Industry
8.1 Automotive
8.1.1 Overview
8.1.2 Automotive Market Revenue and Forecast to 2030 (US$ Million)
8.2 Aerospace
8.2.1 Overview
8.2.2 Aerospace Market Revenue and Forecast to 2030 (US$ Million)
8.3 Electrical and Electronics
8.3.1 Overview
8.3.2 Electrical and Electronics Market Revenue and Forecast to 2030 (US$ Million)
8.4 Building and Construction
8.4.1 Overview
8.4.2 Building and Construction Market Revenue and Forecast to 2030 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others Market Revenue and Forecast to 2030 (US$ Million)
9. South & Central America Carbon Fiber-Based SMC BMC Market - Country Analysis
9.1 South and Central America
9.1.1 South & Central America Carbon Fiber-Based SMC BMC Market Revenue and Forecasts and Analysis - By Countries
9.1.1.1 South & Central America Carbon Fiber-Based SMC BMC Market Breakdown by Country
9.1.1.2 Brazil Carbon Fiber-Based SMC BMC Market Volume and Forecasts to 2030 (Kilo Tons)
9.1.1.3 Brazil Carbon Fiber-Based SMC BMC Market Revenue and Forecasts to 2030 (US$ Million)
9.1.1.3.1 Brazil Carbon Fiber-Based SMC BMC Market Breakdown by Resin Type
9.1.1.3.2 Brazil Carbon Fiber-Based SMC BMC Market Breakdown by Resin Type
9.1.1.3.3 Brazil Carbon Fiber-Based SMC BMC Market Breakdown by End-Use Industry
9.1.1.4 Argentina Carbon Fiber-Based SMC BMC Market Volume and Forecasts to 2030 (Kilo Tons)
9.1.1.5 Argentina Carbon Fiber-Based SMC BMC Market Revenue and Forecasts to 2030 (US$ Million)
9.1.1.5.1 Argentina Carbon Fiber-Based SMC BMC Market Breakdown by Resin Type
9.1.1.5.2 Argentina Carbon Fiber-Based SMC BMC Market Breakdown by Resin Type
9.1.1.5.3 Argentina Carbon Fiber-Based SMC BMC Market Breakdown by End-Use Industry
9.1.1.6 Rest of South & Central America Carbon Fiber-Based SMC BMC Market Volume and Forecasts to 2030 (Kilo Tons)
9.1.1.7 Rest of South & Central America Carbon Fiber-Based SMC BMC Market Revenue and Forecasts to 2030 (US$ Million)
9.1.1.7.1 Rest of South & Central America Carbon Fiber-Based SMC BMC Market Breakdown by Resin Type
9.1.1.7.2 Rest of South & Central America Carbon Fiber-Based SMC BMC Market Breakdown by Resin Type
9.1.1.7.3 Rest of South & Central America Carbon Fiber-Based SMC BMC Market Breakdown by End-Use Industry
10. Competitive Landscape
10.1 Heat Map Analysis By Key Players
10.2 Company Positioning & Concentration
11. Industry Landscape
11.1 Overview
11.2 Product launch
11.3 Mergers and Acquisitions
11.4 Expansion
11.5 Other Strategies and Developments
12. Company Profiles
12.1 Polynt SpA
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Mitsubishi Chemical Group Corp
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Menzolit GmBH
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 LyondellBasell Industries NV
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Teijin Carbon Europe GmbH
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
13. Appendix
List of Tables
Table 1. South & Central America Carbon Fiber-Based SMC BMC Market Segmentation
Table 2. South & Central America Carbon Fiber-Based SMC BMC Market Volume and Forecasts to 2030 (Kilo Tons)
Table 3. South & Central America Carbon Fiber-Based SMC BMC Market Revenue and Forecasts to 2030 (US$ Million)
Table 4. South & Central America Carbon Fiber-Based SMC BMC Market Volume and Forecasts to 2030 (Kilo Tons) - Resin Type
Table 5. South & Central America Carbon Fiber-Based SMC BMC Market Revenue and Forecasts to 2030 (US$ Million) - Resin Type
Table 6. South & Central America Carbon Fiber-Based SMC BMC Market Revenue and Forecasts to 2030 (US$ Million) - End-Use Industry
Table 7. Brazil Carbon Fiber-Based SMC BMC Market Volume and Forecasts to 2030 (Kilo Tons) - By Resin Type
Table 8. Brazil Carbon Fiber-Based SMC BMC Market Revenue and Forecasts to 2030 (US$ Million) - By Resin Type
Table 9. Brazil Carbon Fiber-Based SMC BMC Market Revenue and Forecasts to 2030 (US$ Million) - By End-Use Industry
Table 10. Argentina Carbon Fiber-Based SMC BMC Market Volume and Forecasts to 2030 (Kilo Tons) - By Resin Type
Table 11. Argentina Carbon Fiber-Based SMC BMC Market Revenue and Forecasts to 2030 (US$ Million) - By Resin Type
Table 12. Argentina Carbon Fiber-Based SMC BMC Market Revenue and Forecasts to 2030 (US$ Million) - By End-Use Industry
Table 13. Rest of South & Central America Carbon Fiber-Based SMC BMC Market Volume and Forecasts to 2030 (Kilo Tons) - By Resin Type
Table 14. Rest of South & Central America Carbon Fiber-Based SMC BMC Market Revenue and Forecasts to 2030 (US$ Million) - By Resin Type
Table 15. Rest of South & Central America Carbon Fiber-Based SMC BMC Market Revenue and Forecasts to 2030 (US$ Million) - By End-Use Industry
List of Figures
Figure 1. South & Central America Carbon Fiber-Based SMC BMC Market Segmentation, By Country
Figure 2. Market Attractiveness
Figure 3. Porter's Five Forces Analysis
Figure 4. Ecosystem: South & Central America Carbon Fiber-Based SMC BMC Market
Figure 5. Market Dynamics: South & Central America Carbon Fiber-Based SMC BMC Market
Figure 6. South & Central America Carbon Fiber-Based SMC BMC Market Impact Analysis of Drivers and Restraints
Figure 7. South & Central America Carbon Fiber-Based SMC BMC Market Volume (Kilo Tons), 2020 - 2030
Figure 8. South & Central America Carbon Fiber-Based SMC BMC Market Revenue (US$ Million), 2020 - 2030
Figure 9. South & Central America Carbon Fiber-Based SMC BMC Market Share (%) - Resin Type, 2022 and 2030
Figure 10. Polyester Market Volume and Forecasts to 2030 (Kilo Tons)
Figure 11. Polyester Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. Vinyl Ester Market Volume and Forecasts to 2030 (Kilo Tons)
Figure 13. Vinyl Ester Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. Epoxy Market Volume and Forecasts to 2030 (Kilo Tons)
Figure 15. Epoxy Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16. Others Market Volume and Forecasts to 2030 (Kilo Tons)
Figure 17. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 18. South & Central America Carbon Fiber-Based SMC BMC Market Share (%) - End-Use Industry, 2022 and 2030
Figure 19. Automotive Market Revenue and Forecasts to 2030 (US$ Million)
Figure 20. Aerospace Market Revenue and Forecasts to 2030 (US$ Million)
Figure 21. Electrical and Electronics Market Revenue and Forecasts to 2030 (US$ Million)
Figure 22. Building and Construction Market Revenue and Forecasts to 2030 (US$ Million)
Figure 23. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 24. South & Central America Carbon Fiber-Based SMC BMC Market Breakdown by Key Countries - Revenue (2022) (US$ Million)
Figure 25. South & Central America Carbon Fiber-Based SMC BMC Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 26. Brazil Carbon Fiber-Based SMC BMC Market Volume and Forecasts to 2030 (Kilo Tons)
Figure 27. Brazil Carbon Fiber-Based SMC BMC Market Revenue and Forecasts to 2030 (US$ Million)
Figure 28. Argentina Carbon Fiber-Based SMC BMC Market Volume and Forecasts to 2030 (Kilo Tons)
Figure 29. Argentina Carbon Fiber-Based SMC BMC Market Revenue and Forecasts to 2030 (US$ Million)
Figure 30. Rest of South & Central America Carbon Fiber-Based SMC BMC Market Volume and Forecasts to 2030 (Kilo Tons)
Figure 31. Rest of South & Central America Carbon Fiber-Based SMC BMC Market Revenue and Forecasts to 2030 (US$ Million)
Figure 32. Heat Map Analysis By Key Players
Figure 33. Company Positioning & Concentration
1. LyondellBasell Industries NV
2. Menzolit GmBH
3. Mitsubishi Chemical Group Corp
4. Polynt SpA
5. Teijin Carbon Europe GmbH
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