Advanced Carbon Materials Market, By Product Type (Carbon Fibers, Special Graphite, Carbon Nanotubes, Graphene, Carbon Foams, and Others), By Application (Aerospace & Defense, Electronics, Sports, Automotive, Construction, and Energy) - Trends, Analysis and Forecast till 2034

Advanced Carbon Materials Market Size accounted for USD 17 Billion in 2024 and is estimated to be USD 42.4 Billion by 2034 and is anticipated to register a CAGR of 10.3%.

Advanced carbon materials exhibit excellent mechanical and thermal stability properties. Advanced carbon materials like carbon fibers, Graphene, carbon foams, and nanotubes are commonly used as engineering materials. Moreover, for getting advanced carbon monoliths, fabrication method is used. Most probably advanced carbon nanomaterials are used in renewable energy resources, organic photovoltaic, and energy conservation technology, respectively.

Carbon nanomaterials offer tremendous potential for enhancing biology and drug delivery because of biocompatibility. The proposed chapter grants a variety of fabrications methods for sustainable carbon materials as well as highlights the miscellaneous applications. Additionally, graphene, carbon nanotube and fullerene are considered as fast and effective nanocarriers for delivering therapeutic molecules.

Rising Industrial Applications

Increasing industrial applications is one primarily factor responsible for growth in the need for carbon materials and this is anticipated to drive growth for the advanced carbon materials market over the forecast period. Increasing focus toward lightweight composites from the automotive and aviation industry and rising demand of carbon fiber-reinforced plastic in the construction industry is the major factor driving growth of the global advanced carbon materials market. In addition, rising expenditure by automotive companies including Ford and Volkswagen towards the development of lightweight composites for inducing fuel economy products is projected to stimulate the demand for the global market over the forecast period. Furthermore, companies including Hyperion, Showa Denko, and Cnano Technology have increased expenditure for the development of the products including CNT and graphene, this is anticipated to boost growth of the global market.

However, high cost of advanced carbon materials and wastage in the production of finished products are likely to hinder the growth of the target market. Nevertheless, manufacturing of advanced carbon materials from bio-waste is anticipated to create lucrative growth opportunities for the global market.

Advanced carbon materials market is segmented based product type, application, and region.

Based on product type, the advanced carbon materials market is segmented into carbon fibers, special graphite, carbon nanotubes, graphene, carbon foams, and others. Based on application, the target market is classified into aerospace & defense, electronics, sports, automotive, construction, and energy.

Regional Insights:

On region the global advanced carbon materials market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America projected for the largest share for the global market, with the U.S., which is the world’s largest and most powerful economy. This is mainly attributed due to rising demand for various advanced materials such as carbon nanotubes, carbon fibers, graphene, special graphite, carbon foams, nanocrystalline diamond (NCD), diamond-like-carbon (DLC), and fullerenes from different end-user industries. Europe accounts for the significant growth due to well established aerospace manufacturing industry in the region such as Boeing, Bell Helicopters, Augusta Westland. Asia-pacific is expected to exhibit rapid growth over the forecast period, owing to government initiatives to develop energy efficient automotive systems.

Advanced Carbon Materials Market  Report Scope:

Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global advanced carbon materials market report based on product type, application, and region.

Advanced Carbon Materials Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

The key players operating in the advanced carbon materials market includes Arkema Group, Arry International Group Limited, CFOAM LLC, FutureCarbon Materials GmbH, Formosa Plastics Corporation, Global Graphene Group, GrafTech International, Graphenea, Graphite India Limited, and Grupo Antolin. Technological advancements in the product as well as in manufacturing process, product launches, and strategic partnerships are some trends witnessed in the global market. For instance, on June 2019, Carbon, the world’s leading digital manufacturing company and Arkema, a pioneer in advanced liquid resins solutions through its Sartomer business line, has announced a strategic partnership through an investment in the startup’s capital. The partnership aims to deliver a new era of materials performance and supply chain model for Carbon’s manufacturing partners.

• Arkema Group
• Arry International Group Limited
• CFOAM LLC
• FutureCarbon Materials GmbH
• Formosa Plastics Corporation
• Global Graphene Group
• GrafTech International
• Graphenea
• Graphite India Limited
• Grupo Antolin