Global Carbon Nano Materials Market

Global Carbon Nano Materials Market Research, 2031

The global global carbon nano materials market was valued at $2.9 billion in 2021, and is projected to reach $31.6 billion by 2031, growing at a CAGR of 27.7% from 2022 to 2031.

COVID-19 has negative impact on carbon nanomaterial market owing to temporary shutdown of various end-use industries like automobile and electrical & electronics. However, since 2021 full-time operations in automotive and aviation industries have boosted the demand for carbon nanomaterials.

Carbon nanomaterials have excellent electrical, chemical, thermal, and mechanical properties. Carbon nanomaterials have uses in energy storage and conversion, composite materials, sensors, field emission devices, drug delivery, and nanoscale electronic components. Fullerenes, carbon nanotubes (CNTs), graphene and its derivatives, graphene oxide, nanodiamonds, and carbon-based quantum dots are examples of carbon nanomaterials (CQDs). Carbon nanomaterials have piqued the interest of a wide range of industrial applications due to their unique structural dimensions and improved mechanical, electrical, thermal, optical, and chemical capabilities.

Carbon nanomaterials have excellent electrical, chemical, thermal, and mechanical properties. Carbon nanomaterials have uses in energy storage and conversion, composite materials, sensors, field emission devices, drug delivery, and nanoscale electronic components. Fullerenes, carbon nanotubes (CNTs), graphene and its derivatives, graphene oxide, nanodiamonds, and carbon-based quantum dots are examples of carbon nanomaterials (CQDs). Carbon nanomaterials have piqued the interest of a wide range of industrial applications due to their unique structural dimensions and improved mechanical, electrical, thermal, optical, and chemical capabilities.

Carbon nanoparticles are increasingly being used in the automobile industry for developing and producing car interiors and exteriors due to their excellent mechanical qualities and lightweight. In addition, they are widely used in automobiles to reduce aluminium engine weight, for improved grip and reduced rolling resistance, and in lithium-ion batteries to minimize charging time, increase tensile strength, and reduce vehicle weight. These factors are driving the global carbon nanomaterials market. However, growing concerns about the environmental impact of carbon nanoparticles have resulted in stricter regulations for carbon nanomaterials manufacturers. Carbon nanomaterial agglomerates pose a significant risk to humans and the environment. Carbon nanoparticles' harmful consequences on human health include an increased risk of high blood pressure, heart attacks, and kidney damage. They are fibrous in nature and, if inhaled, can cause health concerns. These health risks can hinder the market expansion of carbon nanomaterials. Carbon nanomaterials are also being used in aerospace applications such as coatings, cockpits, crew equipment, space durable mirrors, nozzles, equipment enclosures, aircraft interiors, and solar array substrates creates many opportunities for the carbon nanomaterials market.

The automobile industries in Japan and South Korea are projected to witness increase in demand for vehicles owing to which demand for carbon nanomaterial is expected to increase in Japan and South Korea. Automobile production is expected to expand as the population grows. As a result, the increase in vehicles is anticipated to have a positive impact on the market.

The global carbon nano materials market is segmented on the basis of form and region. Depending on form, the market is categorized graphene, carbon nano fibers, fullerenes and others). On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and South America and Middle East Africa.

The fullerenes segment accounted for the largest share i.e., 93.2% owing to its wide range of application in electronics products. Graphene segment is the fastest growing segment, growing around 31.0% CAGR over the forecasted period, this is due to increasing demand for graphene from automobile and energy industry.

Asia-Pacific acquired 37.9% market share in 2021 and is projected to grow at CAGR of 29.1% during the forecast period. Owing to the increased demand from automobile and electronics industries.

Japan and South Korea Overview

• Japan accquired 7.7% market share in Asia-Pacific region and is projected to grow at a CAGR of 25.7% during the forescated period.
• South Korea accquired 5.1% market share in Asia-Pacific region and is projected to grow at a CAGR of 27.8% during the forescated period.
• Rapid industrialization and increased investments in the medical and automotive industries in the emerging economies of South Korea, and Japan, these countries are anticipated to be the fastest-growing market.
• Companies have intensified R&D in carbon nanomaterials in response to increasing demand from several end-use sectors in the area of Japan and China, which is projected to have a favorable effect on the carbon nanomaterials market.

Major players operating in the global Carbon nanomaterials market include Arkema, Bayer AG, DuPont, G6 Materials Corp, Graphenea, Hollingsworth & Vose, Hydale Graphene Industries Plc, Hyperion Catalysis International, Inc., Jiangsu Cnano Technology Co.,Ltd, LG Chem, MTR Ltd., Nano-C,  Nanocyl SA, Otto Chemie Pvt. Ltd., SES Research Inc, Showa Denko K.K, Thomas Swan & CO. Ltd, Tokyo Chemicals Industry UK Ltd. Other players operating in the Carbon nanomaterials market are Nanostructured & Amorphous Materials Inc., Nopo Nanotechnologies, Ocsial, Ossila Ltd., and Raymor Industries Inc.

IMPACT OF COVID-19 ON THE GLOBAL CARBON NANOMATERIALS MARKET

• The COVID-19 pandemic has affected the global imports and exports of several goods.
• Multiple governments have enacted export restrictions that have a considerable impact on supply.
• In addition, carbon nanomaterial makers are experiencing difficulties in getting raw materials, which causes further delays in shipments to customers.
• Furthermore, the quality of some raw materials has deteriorated significantly, and orders for shipments are being greatly impacted by the lack of boats and blank sails, which has a significant impact on the growth of the carbon nanomaterials market.
• As the industries that require carbon nanoparticles for producing products, including as automotive and aviation, are shutting down, the demand for carbon nanomaterials has declined dramatically, restricting the market growth of carbon nanomaterials during the pandemic.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global carbon nano materials market analysis from 2021 to 2031 to identify the prevailing global carbon nano materials market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the global carbon nano materials market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global global carbon nano materials market trends, key players, market segments, application areas, and market growth strategies.

 Global Carbon Nano Materials Market Report Highlights