Advanced Carbon Materials Market to Perceive Substantial Growth During 2027
Advanced
carbon materials have excellent thermal stability and mechanical
property such as tensile strength than ordinary materials. Graphene,
carbon fibers, carbon foams structural graphite, and nanotubes are
majorly used advanced carbon materials as engineering materials.
Rising focus toward lightweight composites from the automotive and
aviation industry and increasing demand of carbon fiber-reinforced
plastic in the construction industry is anticipated to drive the
global market. However, wastage in the manufacturing of finished
products and high associated with cost of carbon fiber composites are
projected to hinder the growth of the market during the forecast
period.
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Global
Advanced Carbon Materials Market: Segmentation
The
global advanced carbon materials market can be segmented based on
product, application and region. In terms of product , the advanced
carbon materials market can be divided into carbon fibers, special
graphite, carbon nanotubes, grapheme, carbon foams (includes carbon
nanofoams) and others such as fullerenes, diamond-like carbon (dlc),
nanocrystalline and diamond (ncd). Carbon fibers is a major product
segment of global advanced carbon materials market owing to its high
consumption in end use industries such as automotive, construction,
electronics and energy applications as manufacturing composites.
Moreover, the carbon fiber application in aerospace manufacturing
industry is being popular due to rising concern of galvanic corrosion
of aluminum in aerospace applications. This in turn, is projected to
drive the advanced carbon materials market during the forecast
period.
Based
on application, aerospace & defense, electronics, sports,
automotive, construction, and energy. Aerospace & defense is a
application key segment of the global advanced carbon materials
market. The innovative product design of flexible integrated circuits
suitable for high temperature operations in high speed military aero
planes is driving the demand of aerospace & defense advanced
carbon materials. Furthermore, the focus on light weight aircraft
manufacturing has resulted in to design of composite derived wing
boxes. The material requirement of these light weight systems are
augmenting the demand of advanced carbon materials.
Automotive
application of advanced carbon materials is anticipated to experience
significant growth during the forecast period. Increasing automotive
manufacturing output in emerging economies such as India, China and
Mexico is projected to fuel the advanced carbon materials market as
the regulations initiatives to promote energy efficient vehicles is
resulting into rise of usage of lightweight materials in the design.
This in turn augmenting the demand of advanced carbon materials as
fillers in the application.
Global
Advanced Carbon Materials Market: Regional Outlook
Based
on region, the global advanced carbon materials market can be
classified into North America, Europe, Asia Pacific, Latin America,
and Middle East & Africa. Europe accounts for a large share in
the global advanced carbon materials market. The region has well
established aerospace manufacturing industry with the key aerospace
manufacturers operating the region such as Bell Helicopters, Augusta
Westland, Boeing, etc. The ease of accessibility to consumable
products for aerospace manufacturing has attributed to significant
impact on Europe advanced carbon materials market. Asia Pacific
region is anticipated to exhibit rapid growth during the forecast
period. Governmental initiatives by government of China to develop
energy efficient automotive systems are projected to augment the
demand of light weight and durable materials. This, in turn is
estimated to fuel the Asia Pacific advanced carbon materials market.
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Global
Advanced Carbon Materials Market: Competitive Landscape
Various
key players in the global advanced carbon materials market tend to
gain competitive advantage by means of product innovation in the
field of light weight and durable material. Key players operating in
the global advanced carbon materials market include Hexcel, Zoltek,
Arkema, Nippon Graphite Fiber Corporation., Cnano Technology, ANAORI
CARBON Co., Ltd. Grupo, Antolin Grupo, Graphenano, CVD Equipment
Corporation, Haydale Graphene Industries PLC, Showa Denko K.K.,
Mitsubishi Chemical Carbon Fiber and Composites, Inc., company name
and others.
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