South & Central America Advanced Carbon Materials Market Analysis and Forecast by Size, Share, Growth, Trends 2031

The South & Central America advanced carbon materials market size is expected to reach US$ 1,464.03 million by 2031 from US$ 1,002.66 million in 2023. The market is estimated to record a CAGR of 4.8% from 2023 to 2031.

Executive Summary and South & Central America Advanced Carbon Materials Market Analysis:

The advanced carbon materials market in South & Central America is driven by the growing energy storage industry. According to the United Nations Development Programme, the region is home to ~60% of retrieved lithium-ion globally as of 2023. Countries such as Argentina, Chile, and Bolivia are among the major contributors to energy storage in the region. According to the US Geological Survey, in 2023, Bolivia had 21 million tons of lithium-ion reserves.

In addition, in March 2024, Stellantis NV (an automotive company) announced its five-year strategic plan that aims to decarbonize vehicles in the region with an investment of ~US$ 5 billion and launched 40 new automotive vehicles with zero emissions. This further fuels the demand for lightweight vehicles in the region.

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South & Central America Advanced Carbon Materials Market: Strategic Insights

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South & Central America Advanced Carbon Materials Market Segmentation Analysis:

Key segments that contributed to the derivation of the advanced carbon materials market analysis are product type and application.

• Based on product type, the South & Central America advanced carbon materials market is segmented into graphite, carbon nanotubes, graphene, carbon foams and others. The graphite segment held the largest share of the market in 2023. The graphite segment is further subsegmented into natural graphite and synthetic and graphite. The carbon nanotubes segment is further subsegmented into multi-walled carbon nanotubes and single-walled carbon nanotubes. The graphene segment is further subsegmented into pan-based and PITCH-based. The carbon fibers segment is further subsegmented into pan-based and PITCH-based.

• Based on application, the South & Central America advanced carbon materials market is segmented into electronics and semiconductors, energy storage, structural composites, chemical materials and polymers, medical, and others. The energy storage segment held the largest share of the market in 2023. The electronics and semiconductors segment is further subsegmented into integrated circuits, flexible displays, superconductors, transistors, industrial sensors, and others. The energy storage segment is further sub segmented into lithium-ion batteries, fuel cells, solar PV cells, hydrogen storage, electrochemical supercapacitors, and others. The structural composites segment is further subsegmented into sporting goods, wind turbine blades, light vehicle or automotive, construction and infrastructure, and aerospace and defense. The chemical materials and polymers segment is further subsegmented into coatings adhesives and sealants, water filtration, catalysts, and others. The medical and polymers segment is further subsegmented into transdermal drug delivery, cancer treatment, proteomics, and others.

South & Central America Advanced Carbon Materials Market Report Scope

South & Central America Advanced Carbon Materials Market Players Density: Understanding Its Impact on Business Dynamics

The South & Central America Advanced Carbon Materials Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

South & Central America Advanced Carbon Materials Market Outlook

According to the World Health Organization, cancer has been the leading cause of death worldwide, registering 9.6 million and 10 million deaths in 2018 and 2020, respectively. Therefore, several types of research focused on developing efficient cancer treatment processes have been conducted; however, optimum technology to reduce cancer-causing deaths has not been achieved. Advanced carbon materials are attributed to have the potential to improve cancer theranostics, which will aid in revolutionizing cancer care. CNTs, graphene, and fullerenes are among the carbon-based materials that are emerging as promising approaches in enhancing the diagnosis, imaging, and treatment of cancer. These materials possess exceptional properties, including high surface area, biocompatibility, and excellent mechanical strength, which make them ideal for targeted drug delivery systems, photothermal therapy, and biosensors. In the past few years, nanotechnology has emerged as an alternative treatment technology for several disorders, specifically cancer.

The recent advancement in drug delivery and cancer treatment involves the utilization of nanocarriers, such as CNTs, graphene, and fullerenes. Therefore, advanced carbon materials-based anticancer drug delivery technology is gaining popularity, especially due to its selective targeting and controlled drug delivery. Scientists have developed a novel technology to directly introduce the anticancer drug-doxorubicin-through CNTs from spherical sacs of phospholipid molecules (liposomes) via the cell plasma membrane. A report published by the US Department of Energy in 2022 revealed that CNTs merge liposomes and cancer cells to allow the drug to pass freely from the liposome to the cell. This results in the effective delivery of doxorubicin, killing up to 90% of disordered cells. Thus, the adoption of carbon-based materials in cancer treatment can create lucrative growth opportunities for the advanced carbon materials market during the forecast period.

South & Central America Advanced Carbon Materials Market Country Insights

Based on country, the South & Central America advanced carbon materials market comprises Brazil, Argentina, and the Rest of South & Central America. Brazil held the largest share in 2023.

The advanced carbon materials market is driven by the growing offshore wind energy projects in the country. In September 2024, The Biden-Harris administration announced Maryland Offshore Wind Project. Since 2021, the administration approved over 15 gigawatts (GW) of clean energy from 10 offshore wind energy projects in the country. The administration has set a target of achieving 30 GW of clean energy from offshore wind projects by 2030. The increasing number of offshore wind energy projects in the region fuels the demand for wind turbine blades in the country. This further results in an increased demand for advanced carbon materials for the production of wind turbine blades in the US.

South & Central America Advanced Carbon Materials Market Company Profiles

Some of the key players operating in the market include Nanocyl SA, Teijin Ltd, Arkema SA, LG Chem Ltd, Cabot Corp, Kumho Petrochemical Co Ltd, Tokyo Chemical Industry Co Ltd, Nanoshel LLC, Zeon Corp, Mitsubishi Chemical Carbon Fiber and Composites Inc, Resonac Holdings Corp, Huntsman International LLC, Ocsial, Sumitomo Chemical Co Ltd, and MOLCHEM, among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.

South & Central America Advanced Carbon Materials Market Research Methodology :

The following methodology has been followed for the collection and analysis of data presented in this report:

Secondary Research

The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:

• Company websites, annual reports, financial statements, broker analyses, and investor presentations.

• Industry trade journals and other relevant publications.

• Government documents, statistical databases, and market reports.

• News articles, press releases, and webcasts specific to companies operating in the market.

Note:

All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.

Primary Research

The Insight Partners' conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis, and gain valuable insights. These research interviews are designed to:

• Validate and refine findings from secondary research.

• Enhance the expertise and market understanding of the analysis team.

• Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects.

Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:

• Industry stakeholders: Vice Presidents, business development managers, market intelligence managers, and national sales managers

• External experts: Valuation specialists, research analysts, and key opinion leaders with industry-specific expertise