A comprehensive overview of the global advanced carbon materials market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the advanced carbon materials market globally. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the global advanced carbon materials market at regional and country levels. The global advanced carbon materials market was stood around US$ 5-6 billion in 2020 and is expected to grow at a CAGR of above 8% between 2021-2027.

Market Overview

Trend of lowering the carbon emission is witnessing across the globe. Governments are taking several measures and initiative to reduce the carbon emission from various sectors like energy and transportation. This shift towards eco-friendly sustainable future is opening the doors for advance carbon materials. Currently, industries like energy is increasingly focusing on renewable energy like wind and solar. A large number of components used in this sector are made using carbon composites resulting in lightweight and high strength.

Further, automotive industry is witnessing tough regulation regarding emission from vehicles. Therefore, companies are lowering vehicle weights to improve fuel economy while maintaining safety and performance. For instance, according to U.S. Department of Energy, a 10% reduction in vehicle weight can result in a 6%-8% fuel economy improvement. Further, the weight of vehicle can be reduced by 50% by using materials like carbon fiber, high strength steel, and aluminum and magnesium alloys in place of conventional materials like iron and traditional steel.

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COVID-19 Impact

Due to stringent measures taken by the governments across the globe like lockdown and factory closures had affecting the advanced carbon materials market in a negative way. The market is highly dependent on the end users like automotive, electronics, and aerospace & defence. Since, these industries faced severe impact of the pandemic resulted in the less demand of components used to make the final products. This resulted in the lower demand for advanced carbon materials.

Global advanced carbon materials market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By type, the market is primarily divided into:

·       Carbon Fiber

·       Isotropic Graphite

·       Graphene

·       Carbon Nanotube

·       Carbon Foam

·       Others

Among these, the market of carbon fiber held the prominent revenue share in 2020 and is expected to showcase robust growth during the forecast period owing to increasing utilization in end use industry. Further, increasing investment in graphene to make it commercially more viable is likely to propel the demand of graphene in near future.

By end user, the market is mainly categorized into:

·       Automotive

·       Aerospace & Defence

·       Electronics

·       Metallurgy

·       Energy

·       Construction

·       Sports

·       Healthcare

·       Other

Automotive industry held the significant portion of the pie in 2020 owing to large and growing demand of carbon materials to reduce the weight of vehicles. Further, aerospace & defence industry is also increasingly utilizing these materials due to its lightweight making the aircraft aerodynamically more superior. Apart for lightweight, these materials have high strength, thus industry has not to compromise with the performance is also fueling the demand of advanced carbon materials.

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Global Advanced carbon materials Market Geographical Segmentation Includes:

·       North America (United States, Canada)

·       Europe (Germany, UK, France, Spain, Rest of Europe)

·       Asia-Pacific (China, Japan, India, Australia, Rest of APAC)

·       Rest of World

Based on the estimation, Asia-Pacific is likely showcase significant growth during the forecast period owing to increasing sales of consumer electronics, growing automotive sector, rising investment in aerospace & defence industry, and growing adoption of renewable energy. Further, the region produces highest number of automobiles along with increasing environment regulation on the automotive industry in the region is increasing the demand of advanced carbon materials.

·       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.

·       Graftech International Ltd.

Competitive Landscape

The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating globally. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the global advanced carbon materials market. The major players have been analyzed by using research methodologies for getting insight views on market competition.

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Key questions resolved through this analytical market research report include:

·       What are the latest trends, new patterns, and technological advancements in the global advanced carbon materials market?

·       Which factors are influencing the global advanced carbon materials market over the forecast period?

·       What are the global challenges, threats, and risks in the global advanced carbon materials market?

·       Which factors are propelling and restraining the global advanced carbon materials market?

·       What are the demanding global regions of the global advanced carbon materials market?

·       What will be the market size in the upcoming years?

·       What are the crucial market acquisition strategies and policies applied by the companies?

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