글로벌 첨단 탄소 소재 시장 – 2024-2031년

Overview
Global Advanced Carbon Materials Market reached US$ 15.9 billion in 2023 and is expected to reach US$ 26.8 billion by 2031, growing with a CAGR of 8.8% during the forecast period 2024-2031.
Owing to their outstanding properties, such as great stiffness, high tensile strength, minimal thermal expansion and temperature resistance, advanced carbon materials are frequently utilised in engineering. The growing demand for advanced carbon materials in the building industry and the growing focus on lightweight composites by the automotive industry are important factors driving the advanced carbon materials market.
Based on the International Organisation of Motor Vehicle Manufacturers, global automotive production rose from 77,621,582 units in 2020 to 80,145,988 units in 2021. In accordance with U.S. Census Bureau, total residential construction in U.S. climbed from US$ 797.728 in May 2021 to US$ 947,272 in May 2022. The construction industry's rapid growth has raised demand for carbon materials such as graphite, carbon fibres, diamond and graphene.
In 2023, Europe is expected to hold about 1/3rd of the global advanced carbon materials market. The region's growth is driven by an increase in demand for sophisticated carbon materials from the thriving aerospace industry. In accordance to the International Air Transport Association, by March 2022, European airlines are expected to receive 36% more aircraft deliveries than in 2021.
Dynamics
Accelerating Automotive Production
Advanced carbon compounds are much lighter than traditional materials. As a result, the utilisation of composite structures for component production is becoming more common. It reduces vehicle weight, which ensures lower CO2 emissions. Lightweight materials and components are employed for body and chassis pieces, as well as battery housings. According to the International Organisation of Motor Vehicle Manufacturers, passenger vehicle manufacturing climbed from 55,834,456 units in 2020 to 57,054,295 units in 2021.
According to the European Automobile Manufacturers Association, car manufacturing in South America increased by 11% in 2021, while in U.S. it increased by 3.1%. Thus, growing automobile production will demand more advanced carbon materials for manufacturing lightweight vehicle components, which will act as a driver for the advanced carbon materials market over the forecast period.
Flourishing Electronics Industry
Advanced carbon materials' exceptional capacity to supply electricity while dissipating or transporting heat away from critical components makes them an ideal material for electronic applications like semiconductors, electrical motors and even modern battery production. Advanced carbon materials are useful in electronic applications, including electromagnetic interference gaskets, resistive heating, thermoelectric energy generation and heat dissipation.
In accordance with the Ministry of Industry and Information Technology, the sector's operational revenue would reach around US$ 2.2 trillion in 2021, up 14.7% from the previous year. Thus, with the expanding electrical and electronics sector, the need for advanced carbon materials will eventually increase, acting as a driver for market expansion over the forecast period.
Hazardous Impact
Carbon materials are frequently employed today because they are easier to synthesise than other forms of CNTs. It is owing to their amazing qualities, which include high strength, diameter length ratio and more. When inhaled, carbon black particles can irritate the lungs, causing coughing, as well as irritating the eyes, nose and throat.
When people are exposed to high levels of carbon black for several years, the particles can lodge deep in their lungs, causing bronchitis and eventually a chronic illness known as obstructive pulmonary disease. Longer carbon nanotube fibres may also make their way deep into the lungs, causing mesothelioma cancer in the lung tissue in the worst-case scenario. All of the health issues limits the advanced carbon materials market.
Segment Analysis
The global advanced carbon materials market is segmented based on type, technology, end-user and region.
Innovation in Aerospace Industry Drive the Growth
Aerospace is expected to be the fastest growing segment with 1/3rd of the market during the forecast period 2024-2031. Over the last few years, the aircraft sector has seen the introduction of several new products. Advanced carbon materials are ideal for a wide range of aerospace & defense applications because they offer the necessary strength, endurance and stability.
In April 2022, HAL and Israel Aerospace Industries signed a Memorandum of Understanding to upgrade civil aircraft into Multi-Mission Tanker Transport aircraft in India. With e-commerce activities growing fast since COVID-19, the air cargo sector has expanded and orders for freighter aircraft have surged in 2022. For example, in October 2022, Luxembourg's Cargolux airlines made an order with Boeing for ten 777-8 freighters, with options for six more aircraft.
Geographical Penetration
Rising Usage in Automotive and Aerospace Industry in North America
North America is the dominant region in the global advanced carbon materials market covering about 1/3rd of the market. U.S. is the world's largest and most powerful economy. The growing demand for advanced materials such as carbon fibres, carbon nanotubes, graphene, special graphite, carbon foams, nanocrystalline diamond, diamond-like carbon and fullerenes in various end-user industries, including aerospace & defence, automotive and energy, is expected to drive demand for advanced carbon materials.
Furthermore, according to the NATO Countries' Defence Expenditure Report, U.S. will spend an estimated US$ 822 billion on defence in 2022. It makes their defence budget by far the largest among NATO members. As a result, increased defence spending in U.S. is likely to drive up demand for advanced carbon materials in North America.
Competitive Landscape
The major global players in the market include Hexcel, Zoltek, Mitsubishi Rayon, Toray Industries, Showa Denko K.K., Toho Tenax Co. Ltd., Arkema S.A., Graphenea, Hanwha Chemical and Nippon Graphite Fiber Corporation.
COVID-19 Impact Analysis
The pandemic disrupted global supply networks, limiting the availability of raw materials and components utilized in the creation of advanced carbon materials. Shipping delays, border closures and logistical problems all led to supply chain disruptions. Many industries that rely heavily on modern carbon materials, like automotive, aerospace and electronics, shut down or restricted production during lockdowns. It directly influenced the market for advanced carbon materials.
During the pandemic, industries that rely significantly on advanced carbon materials, such as automotive and aerospace, witnessed a drop-in demand due to lower consumer spending, travel restrictions and economic uncertainty. Some industries' interests evolved during the pandemic. For example, healthcare and personal protective equipment businesses witnessed higher demand, while other sectors saw a reduction. The shift in priority influenced demand dynamics for specific advanced carbon compounds.
AI Impact
AI is used to improve the production methods for advanced carbon materials. Machine learning algorithms analyses real-time data from manufacturing processes to find patterns and optimize parameters, resulting in more efficiency, less waste and better-quality control. AI-driven predictive maintenance systems are applied in manufacturing facilities to track equipment health.
It helps to avoid unexpected downtime by identifying potential problems in machinery used in the manufacturing of advanced carbon materials, ensuring continuous and dependable operations. AI contributes to the customization and tweaking of advanced carbon materials for specific purposes. Machine learning algorithms can analyze performance requirements and offer material compositions that fulfil the needed standards in industries like aerospace, automotive, electronics and energy.
Russia-Ukraine War Impact
The dispute may disrupt supply networks for raw materials and components used in the creation of advanced carbon materials. It had an impact on the availability and cost of critical inputs. Geopolitical conflicts can create broader economic uncertainty, influencing investment decisions and consumer confidence. The uncertainty may impact demand for advanced carbon materials across industries.
Geopolitical events caused trade disruptions or limitations, which could have an impact on the international commerce of advanced carbon materials. Export and import restrictions have the potential to alter market dynamics. Advanced carbon materials are utilized in defense and aerospace applications. It influences government spending on defense, affecting demand for advanced materials in these industries.
By Type
• Structural Graphite
• Carbon Nanotubes (CNT)
o Single-walled Carbon Nanotubes (SWCNT)
o Multi-walled Carbon Nanotubes (MWCNT)
• Graphene
• Fullerenes
• Quantum Dots
• Carbon Foam
• Others
By Technology
• Arc Discharge
• Laser Ablation
• Chemical Vapor Deposition
• Catalyzed Chemical Vapor Deposition
• High Pressure Carbon Monoxide Reaction
• Liquid Phase Carbon Nanotubes Purification
• Others
By End-User
• Aerospace
• Automotive
• Healthcare & Life Science
• Electrical & Electronics
• Sports Energy Storage
• Others
By Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Russia
o Rest of Europe
• South America
o Brazil
o Argentina
o Rest of South America
• Asia-Pacific
o China
o India
o Japan
o Australia
o Rest of Asia-Pacific
• Middle East and Africa
Key Developments
• In March 2021, Cabot Corporation introduced the new ENERMAX 6 carbon nanotube (CNT) family. ENERMAX 6 carbon nanotubes offer exceptional performance and have a high aspect ratio.
• In February 2020, Zoltek Companies, Inc. began using renewable energy for certain of its carbon fiber manufacturing processes.
• In July 2020, Mitsubishi Chemical Corporation purchased two German carbon fiber recycling enterprises, CFK Valley Stade Recycling GmbH & Co. KG and carboNXT GmbH.
Why Purchase the Report?
• To visualize the global advanced carbon materials market segmentation based on type, technology, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of advanced carbon materials market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.
The global advanced carbon materials market report would provide approximately 62 tables, 64 figures and 202 pages.
Target Audience 2024
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies