Global Advanced Carbon Materials market is expected to foresee significant growth. Increasing demand for lightweight components from end users is likely to boost the market!

Europe holds dominant share owing to the high penetration of Boeing, Augusta Westland and Bell Helicopters in aerospace manufacturing bases in France, Germany, the UK and Russia and the ready availability of consumables could drive industry growth and expected to retain its dominant position throughout the forecast period.

According to the International Air Transport Association (IATA), European airlines are expected to deliver 36% more aircraft in 2022 compared to 2021. Therefore, with the prosperity of the aerospace industry, the demand for advanced carbon materials market will also increase, and the size of the advanced carbon materials market in the European region is expected to increase during the forecast period.

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Shifting trend towards lightweight-robust products is driving the demand of carbon materials as these materials provides strong final product which are light in weight as well. Globally, automotive and transportation industry is adopting carbon materials to lower the weight of vehicles and equipment’s thus offering high efficiency product. Owing to such factors, the demand of advanced carbon materials is increasing. For instance, the production of natural graphite, a key raw material to produce carbon nanotube using plasma arcing of carbonaceous material, has increased to 1,128.2 thousand tons in 2019 from 981.1 thousand tons in 2010. However, in the light of COVID-19. the production had decreased to 909.7 thousand tons in 2020.

Asia Pacific is projected to witness significant revenue growth at a CAGR of 8.4% over the forecast period. Regulatory inclination towards increasing energy output from renewable sources such as wind and solar, in China, coupled with the implementation of the “Document 625 Policy” by the Sino Government is expected to open new markets avenues over the forecast period. Asia-Pacific is likely showcase significant growth during the forecast period owing to large base end use industry and growing concern related to environment.

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Global Advanced Carbon Materials Market Segmentation

Market Insight, by Type

• Carbon Fiber
• Isotropic Graphite
• Graphene
• Carbon Nanotube
• Carbon Foam
• Others

Market Insight, by End User

• Automotive
• Aerospace & Defence
• Electronics
• Metallurgy
• Energy
• Construction
• Others

Market Insight, by Region

• North America
  • United States
  • Canada
• Europe
  • Germany
  • United Kingdom
  • France
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Rest of World

Top Company Profiles

• Hexcel Corporation
• Mitsubishi Chemical Carbon Fiber and Composites Inc.
• Resonac Holdings Corporation
• Graphite India Ltd.
• SGL Carbon
• Zoltek Corporation
• Nippon Graphite Fiber Co., Ltd
• Arkema
• TEIJIN LIMITED
• GrafTech International