(Companies: Cabot Corporation, Cytec, Solvay Group, Hexcel Corporation, Mersen S.A., HEG Ltd., Mitsubishi Rayon Co. Ltd., Nippon Carbon Co. Ltd., Toray Industries Inc., and Tokai Carbon Co. Ltd.)
The global carbon and graphite product market was worth $ 32.12 billion in 2019. The carbon and graphite product market consists of sales of carbon and graphite product. Carbon is a chemical element that exists in its pure form as diamond or graphite and is an important part of other substances such as coal and oil as well as being contained in all plants and animals. Graphite is a soft, dark grey form of carbon used in the middle of pencils, as a lubricant in machines, and in some nuclear reactors.
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The global carbon and graphite product market is expected to grow at a rate of about 11% and reach $47.71 billion by 2023. The carbon and graphite market are mainly driven by the increasing demand from the end user industries such as energy, semiconductor, automotive, and aerospace. The increasing use of carbon and graphite in fuel cells, electric vehicles, and graphene electronics is also expected to boost the market in the forecast period.
Carbon and graphite product has adverse effects on humans and animals. These injurious effects of carbons are limiting human and animal existence and this is directly minimizing the sale of carbon and graphite products.
Virtual reality technology is being adopted by carbon and graphite product manufacturing companies to improve manufacturing efficiency. This technology is often referred to as digital design, simulation, and integration. Virtual reality minimizes the scope for product defects in design phase.
Major players in the market are Cabot Corporation, Cytec, Solvay Group, Hexcel Corporation, Mersen S.A., HEG Ltd., Mitsubishi Rayon Co. Ltd., Nippon Carbon Co. Ltd., Toray Industries Inc., and Tokai Carbon Co. Ltd.
Hexcel Corporation is an American public industrial materials company, based in Stamford, Connecticut. The company develops and manufactures structural materials including carbon fiber, specialty reinforcements, resins, honeycomb, adhesives, engineered honeycomb composite structures, and prepregs.
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Few Points From Table of Contents:
1. Executive Summary
2. Carbon And Graphite Product Markets Characteristics
3. Carbon And Graphite Product Markets Size And Growth
3.1. Global Carbon And Graphite Product Historic Market, 2015 – 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Carbon And Graphite Product Forecast Market, 2019 – 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Carbon And Graphite Product Markets Segmentation
4.1. Global Carbon And Graphite Product Markets, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Carbon & Graphite Electrodes
Carbon & Graphite Fibers
Carbon & Graphite Powder
4.2. Global Carbon And Graphite Product Markets, Segmentation By End-User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5. Carbon And Graphite Product Markets Regional And Country Analysis
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