Advanced Carbon Materials Market Scope
Advanced carbon material includes various material such as Carbon fibers, carbon foams, nanotubes and structural graphene which is used in engineering material. This is used for excellent stiffness, low thermal expansion, high tensile strength and good temperature tolerance. Rising demand of for reinforced plastics in automotive and construction sectors will help to boost global advanced carbon material.
According to AMA, the Global Advanced Carbon Materials market is expected to see growth rate of 5.29%
The global advanced carbon material market will show an robust competition due to increasing number of manufacturers in the global market. Moreover, with increasing number of substitutes the key players will suffer from a robust competition amongst the key players. Hence, the manufacturers are trying for product developments as well as innovations to gain competitive edge. Research Analyst at AMA estimates that Japanese Manufacturers will contribute to the maximum growth of Global Advanced Carbon Materials market throughout the predicted period.
Arkema (France), Huntsman (United States), Nippon Graphite Fiber Corporation (Japan), CNano Technology (China), Anaori Carbon Co., Ltd. (Japan), Grupo Antolin Ingenieria (Spain), Graphenano (Spain), CVD Equipment Corporation (Spain), Haydale Graphene Industries (United Kingdom) and Showa Denko (Japan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Mitsubishi Rayon (Japan), Hexcel (United States), Zoltek (United States), Future Carbon GmbH (Germany), Nanothinx S.A. (Greece), Taiwan Carbon Technology (Taiwan) and Mersen Group (France).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Advanced Carbon Materials market by Type (Carbon Fibers, Graphenes, Carbon Nanotubes, Structural Graphites, Carbon Foams and Others), by Application (Aerospace & Defense, Energy, Electronics, Automotive, Construction and Other) and Region with country level break-up.
On the basis of geography, the market of Advanced Carbon Materials 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, Spain, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 17th May 2018, Arkema S.A. has acquired the industrial adhesives business of Nitta-Gelatin Inc. The deal was established for 35.4 million dollar.
Market Trend
- Increasing Prevalence of High Speed Electronic Devices
- Growing Adoption of Chemical Sensors Effective at Detecting Explosives
Market Drivers
- Superb Conductor of Heat as well as Electricity
- Provides Comparatively Higher Frequency than Other Advanced Chemicals
Opportunities
- Increasing Adoptions in Computer Hardware and Electronics
- Growing Applications of Carbon Fibers and Carbon Nanotubes in Carbon in Aerospace and Defense
Restraints
- Susceptibility to Oxidative Environments
- Lack of Band Gap Leading to Circuit Termination Problems
Challenges
- Surging Instances of Toxic Advanced Carbon Materials
Key Target Audience
Advanced Carbon Material Manufactures, Advanced Carbon Material Suppliers/ Distributors, Government Regulatory Bodies, Government and Private Research Firms and Others