Global Advanced Carbon Materials Market
Global Advanced Carbon Materials Market size was valued US$ XX Bn in 2019 and the total revenue is expected to grow at 12.25% through 2020 to 2027, reaching US$ XX Bn. The report has covered region wise market trends with competitive landscape. The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
Global Advanced Carbon Materials Market
The global advanced carbon materials market is driven by the rising demand for carbon-fiber-reinforced plastic in the construction and automotive industry across the globe. Companies in the automotive and aviation sectors are increasing focus toward the advanced type of lightweight composites for inducing fuel economy characteristics in the finished products are projected to impel the market growth in the coming years. However, the availability of other nanomaterial substitutes in the market as filler for manufacturing engineering goods may hamper the market growth at a global level. Also, the high cost of carbon fiber composites and wastage in the production of finished products are expected to restrain the market growth. Key players are focusing on the production of advanced carbon materials from bio-waste are creating beneficial growth opportunities in the market growth in the upcoming period.
The MMR report covers the detailed analysis of the global advanced carbon materials market by type, application, and region.
Based on type, the Carbon foam segment is expected to grow at a CAGR of XX% during the forecast period. The increasing demand for the product as a battery material because of its properties containing highly resistive to corrosion, good electrical conductivity and chemical inertness. The lightweight carbon foam has replaced the lead-acid batteries, which are utilized in automobile and household applications.
Based on application, the aerospace & defence segment has led the global advanced carbon materials market in 2019 and is expected to reach US$ XX Mn by the end of 2027, with a CAGR of XX%. Companies working aerospace & defence sector are focusing on the development of flexible integrated circuits for high-temperature operations and the manufacturing of composite-derived wing box to reduce the overall aircraft weight, which are propel the market growth over the forecast period
On the other hand, the automotive segment is expected to grow at a CAGR of 7.9% during the forecast period. Advanced carbon materials are widely used engineering materials because of its superior properties such as high tensile strength, excellent stiffness, low thermal expansion, and good temperature tolerance. Thus, it is largely utilized in the growing vehicle production in emerging economies like India and China, which is anticipated to boost the market growth in the coming years.
Geographically, North America held the dominant market share of XX% in 2019 and is expected to reach US$ XX Mn by the end of 2027, with a CAGR of XX%. Developed economies such as the U.S and Canada are the leading contributor to the regional market growth. In terms of consumption, the U.S held the largest regional market share of XX% in 2019 and is expected to grow at a CAGR of XX% during the forecast period. This is attributed to the increasing adoption of different advanced carbon materials in various developed end-user industries such as electronics, automotive, energy, aerospace & defense, among others.
In terms of value, Asia Pacific is expected to grow at a CAGR of XX % during the forecast period thanks to the developing automotive and transportation industries, particularly in emerging economies including China, South Korea, India, and Japan.
The objective of the report is to present a comprehensive analysis of the Global Advanced Carbon Materials Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Advanced Carbon Materials Market dynamics, structure by analyzing the market segments and project the Global Advanced Carbon Materials Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Advanced Carbon Materials Market make the report investor’s guide.
Scope of the Global Advanced Carbon Materials Market
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Global Advanced Carbon Materials Market, by Type
• Carbon Nanotubes
• Structural Graphites
• Carbon Foams
• Carbon Fibers
Global Advanced Carbon Materials Market, by Application
• Aerospace & Defense
Global Advanced Carbon Materials Market, by Region
• Asia Pacific
• North America
• Latin America
• Middle East Africa
Global Advanced Carbon Materials Market, Major Players
• Mitsubishi Chemical Carbon Fiber and Composites
• Toray Industries
• Hexcel Corporation
• Cnano Technology
• Toho Tenax Europe Gmbh
• Nippon Graphite Fiber Co
• Arkema Sa
• Arry International Group Limited
• Cvd Equipment Corporation
• Grupo Graphenano
• Grupo Antolin
• Haydale Graphene Industries Plc
• Mersen Group
• Nanothinx S.A.
• Showa Denko K
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