The global advanced carbon materials market is expected to grow at a significant growth rate during the forecast period 2019-2026. Advanced carbon materials consist of excellent thermal and mechanical stability traits. Some of the advanced carbon materials are Graphene, Carbon, Nanotubes, Carbon Foams and others with major functioning as engineering materials. The growth of the global advanced carbon materials market is supported by various driving factors such as increasing industrial applications. However, high amount of wastage during finished good products and high amount of advanced carbon materials are hampering the market growth over the forecast period. On the other hand, using bio-waste as raw material in manufacturing of advanced carbon materials is anticipated to act as a growth opportunity for the global market.
Increasing Industrial Applications
The automotive, aviation and construction sector are major industries that are focusing upon lightweight composites as a raw material for various applications in the industries. Additionally, in the automotive sector, companies are increasing their expenditures for the development of lightweight composites to increase fuel efficiency in vehicles, that in turn will boost the demand of advanced carbon materials in the industries and support the market growth over the forecast period. For instance, in a recent news, Rolls-Royce is seeking to reduce their carbon-emissions output, for manufacturing process, the company is adopting innovative production, energy consumption and storage methods and will focus upon carbon-fibre composites in the aerospace industry. As per the company, carbon-fibre composites fan system can save upto 700kg/aircraft. Also, as per the International Air Transport Association, in the aviation sector fuel efficiency enhanced by more than 12% during 2010 to 2018.
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Geographical overview of the global advanced carbon materials market
The market research report consists of in-depth market analysis considering analysis of regions individually, regions enlisted in the report are:
- South America
- Southeast Asia
Segmentation overview of the global advanced carbon materials market
Product segment is further segmented into:
- Carbon Fibers
- Carbon Nanotubes
- Carbon Foams
- Structural Graphite
End-User/Application segment is further segmented into:
- Aerospace & Defense
Overview of the market players present in the global advanced carbon materials market
Anaori Carbon, Arkema, Huntsman, CNano Technology, CVD Equipment, FutureCarbon, Graphenano, Grupo Antolin Ingenieria, Haydale Graphene Industries, Hanwha Chemical, Hexcel, Mersen Group, Mitsubishi Rayon, Nanothinx, Nippon Graphite Fiber, Showa Denko, Taiwan Carbon Technology, Toho Tenax, Toray Industries, Unidym, and Zoltek. The company profile section explains about company’s role in the market. The company profiling consists of various section that include Product Information, Profile, Business Performance, Production, Revenue, Price, Gross Margin and SWOT Analysis. Companies are adopting various market strategies to withhold the market position and stay in competitive environment. Some of the key strategies are business expansion, collaboration, partnership, product launch, merger and acquisition and many more.
Strategic Developments by Market Players
Collaboration, January, 2020: Hexcel announced a collaboration with Madshus (company involved in engineering of dry carbon fiber tapes). Hexcel will supply three kinds of HiTape products for strong customer base of Madshus.
Partnership, March, 2019: Huntsman Advanced Materials announced a partnership with Viscotec to enhance the customer’s productivity that are working in the aerospace industry with the lightweight materials. This partnership deal will continue on projects related to automated manufacturing processes in the aerospace industry.
Some of the key topics covered in the report include:
Research Objective and Assumption
Market Dynamics, Regulations, and Trends Analysis
Global Advanced Carbon Materials Market, By Product Type
Global Advanced Carbon Materials Market, By Application
Global Advanced Carbon Materials Market, By Region
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