Owing to their exceptional properties advanced carbon materials are enjoying large investment from industry. Companies are investing in these materials to make them commercially more viable. The cost of producing these materials are very high therefore use of these materials are limited to some application areas only. For instance, in automotive sector, most of the carbon fiber is used in high end luxury cars. However, with advancement in technology, the production of advanced carbon materials is likely to increase, thus it is expected that the cost of these materials would decrease which will increase its adoption in vast number of application areas.

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These materials are used in industries like automotive, electronics, and aerospace & defence which has affected badly owing to several measures taken by governments like lockdown in the wake of COVID-19, resulting in the shutdown of manufacturing industry. Further, border closures in order to curtail the spread of disease halted the global supply chain. These factors had the negative impact on the market.

According to UnivDatos Market Insights (UMI)’ research report “Global Advanced carbon materials Market”, the market is expected to witness a CAGR growth of above 8% during the forecast period 2021-2027F. Increasing demand for lightweight-high strength materials, growing investment in R&D to the lower the cost, large base of end user, and stringent environment regulations are some of the key factors which are driving the growth of the market.

Based on type, the global advanced carbon materials market is categorized into carbon fiber, isotropic graphite, graphene, carbon nanotube, carbon foam, and others. Currently, carbon fiber held the significant share in the market. However, during the forecast period, graphene and carbon nanotube is likely to showcase robust growth owing to increasing research on these products.

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Based on end user, the market is segmented to automotive, aerospace & defence, electronics, metallurgy, energy, construction, sports, healthcare, and others. As of 2020, automotive and aerospace & defence industries held the largest market share owing to shifting trend towards lightweight products. Further, these materials are high in strength, which makes them suitable to use in these industries.

Asia-Pacific is likely to showcase robust growth during the forecast period

Based on region, the report provide detail analysis for overall adoption of advanced carbon materials in major region including North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World. Asia-Pacific is likely to showcase significant growth during the forecast period owing to large and evergrowing end use industry like electronics, automotive, aerospace & defence. Further, the region is increasingly shifting towards renewable energy like wind is also helping the advanced carbon materials market to grow.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global advanced carbon materials market are Hexcel Corporation, Mitsubishi Chemical Carbon Fiber and Composites Inc., Showa Denko K.K., Graphite India Ltd., SGL Carbon SE, Zoltek, Nippon Graphite Fiber Corporation, Arkema S.A., Teijin Ltd., and Graftech International Ltd. These companies are taking several strategic decisions to increase their market presence and revneue.

Some of the instances are:

  • In September 2021, Hexcel Corporation has collaborated with HP Composites S.p.A, a company engage in the production of carbon fiber component for automotive and motorsports to develop carbon fiber class A body panels.
  • In June 2021, Hexcel Corporation announced the successful maiden flight of a lightweight camera drone, developed using Hexcel HexPly carbon fiber prepregs. The composite drone was developed by a team of students from the University of Applied Sciences Upper Austria in Wels with composite materials supplied by Hexcel Neumarkt in Austria.

“Global Advanced Carbon Materials Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.     

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Market Segmentation:

  1. By type (carbon fiber, isotropic graphite, graphene, carbon nanotube, carbon foam, and others)
  2. By end user (automotive, aerospace & defence, electronics, metallurgy, energy, construction, sports, healthcare, and others)
  3. By Region (North America (US, Canada), Europe (Germany, UK, France, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World)
  4. By Company (Hexcel Corporation, Mitsubishi Chemical Carbon Fiber and Composites Inc., Showa Denko K.K., Graphite India Ltd., SGL Carbon SE, Zoltek, Nippon Graphite Fiber Corporation, Arkema S.A., Teijin Ltd., and Graftech International Ltd.)

Key questions answered in the study:

  1. What are the current and future trends of the global advanced carbon materials industry?
  2. How the industry has been evolving in terms of end-user demand and product category?
  3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
  4. What are the key growth drivers and challenges for the global advanced carbon materials industry?
  5. What are the customer orientation, purchase behavior, and expectations from the global advanced carbon materials suppliers across various regions and countries?

Table of Content –

  1. MARKET INTRODUCTION
  2. RESEARCH METHODOLOGY OR ASSUMPTION
  3. MARKET SYNOPSIS
  4. EXECUTIVE SUMMARY
  5. GLOBAL ADVANCED CARBON MATERIALS MARKET AMID COVID-19
  6. GLOBAL ADVANCED CARBON MATERIALS MARKET REVENUE (USD MN), 2019-2027F
  7. MARKET INSIGHTS BY TYPE
  8. MARKET INSIGHTS BY END USER
  9. MARKET INSIGHTS BY REGION
  10. ADVANCED CARBON MATERIALS MARKET DYNAMICS
  11. ADVANCED CARBON MATERIALS MARKET OPPORTUNITIES
  12. ADVANCED CARBON MATERIALS MARKET TRENDS
  13. LEGAL & REGULATORY FRAMEWORK
  14. DEMAND AND SUPPLY SIDE ANALYSIS
  15. VALUE CHAIN ANALYSIS
  16. COMPETITIVE SCENARIO
  17. COMPANY PROFILED
  18. DISCLAIMER