About Carbon Nanofiber
Carbon nanofibers are described as a new ultra-high-strength material, which is superior to both ordinary carbon fibers and other high-strength materials. The place engaged by carbon nanofibers in the classification of carbon materials is shown, and an analysis is made of the relationship between the structure of a fiber and its useful properties, in particular, tensile modulus and strength. The demand for carbon nanofibers into the market of high-strength and heat-resistant materials is projected to increase in the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.The Vendors having a strong hold in the market are Toray Industries Inc., Hollingsworth and Vose, Teijin Limited, and eSpin Technologies Inc.. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Carbon Nanofiber market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Toray Industries Inc. (United States), Hollingsworth and Vose (United States), Teijin Limited (Japan), eSpin Technologies Inc. (United States), Elmarco (Czech Republic), Mitsubishi Rayon Co. Ltd (Japan), Ahlstrom-Munksj (Finland), Argonide Corp. (United States), Berkshire Hathaway Inc. (United States) and Catalytic Materials LLC (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are INDUSTRIAL ELECTRIC MFG (United States), ESL Power Systems, Inc. (United States) and Catalyx Nanotech Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Carbon Nanofiber market by , Application (Batteries, Resin, Ceramics and Metal) and Region.
On the basis of geography, the market of Carbon Nanofiber has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Use Verticals, the sub-segment i.e. Healthcare and Biomedical will boost the Carbon Nanofiber market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Polyacrylonitrile will boost the Carbon Nanofiber market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing use of Carbon Nanofiber in Several Biomedical Applications, such as Tissue Engineering, Pharmaceuticals Products, and Surgery
Market Growth Drivers:
Superior Chemical and Mechanical Properties of Carbon Nanofiber and Increasing Demand for Low Carbon-emitting and Lightweight Vehicles
Challenges:
Stringent and Time-Consuming Regulatory Policies
Restraints:
High Cost of Carbon Nanofiber
Opportunities:
Increasing Demand from the Automotive and Aerospace Industries
Market Leaders and their expansionary development strategies
In August 2020, ChemSpec North America announced that it entered into a non-exclusive distribution agreement with Belgium-based Nanocyl SA to promote and distribute Nanocyl’s various multiwall carbon nanotube (“MWCNT”) products. ChemSpec would focus its efforts on growing MWCNT products in thermoplastic and elastomer compounding.
In March 2021, Cabot Corporation has launched of a new product named ENERMAX 6 under its carbon segment. Due to its properties such as its high aspect ratio, it has proven to be the most conductive multi-walled CNT product in the company's portfolio. This product series is expected to effectively enhance battery performance at lower loadings, enabling a higher energy density of batteries.
Key Target Audience
Carbon Nanofiber Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.