Global Carbon Nano Materials Market By Product Type (Graphene, Carbon Nanofibers, Fullerenes, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The carbon nanomaterials market attained $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.
Nanomaterials made of carbon possess outstanding electrical, chemical, thermal, and mechanical characteristics. The applications of carbon nanomaterials include energy storage and conversion, composite materials, sensors, field emission devices, medicine delivery, and nanoscale electronic components. Carbon nanomaterials consist of fullerenes, carbon nanotubes (CNTs), graphene and its derivatives, graphene oxide, Nano diamonds, and carbon-based quantum dots (CQDs). They have attracted a significant deal of attention from a diverse range of industrial markets due to their unique structural dimensions and superior mechanical, electrical, thermal, optical, and chemical capabilities.
With global energy demands increasing as well as initiatives to minimize fossil fuel use and eradicate air pollution, it is increasingly critical to supply efficient, cost-effective, and environment-friendly energy storage solutions. The growing market for smart grit networks, electric vehicles (EVs), and plug-in hybrid electric vehicles (PHEVs) is also boosting the need for increasing rechargeable battery energy density and this will increase the demand for carbon nanomaterials.
Lithium-ion batteries have shown significant potential in portable gadgets and electric vehicles due to their long lifespan and high safety. The actual application is however constrained by difficulties related to the sluggish dynamics and poor cycling stability. Due to their substantially smaller particle sizes, carbon nanomaterials such as graphene and carbon nanotubes (CNTs) efficiently solve these issues.
The benefits of nanomaterials are:
Lithium-ion diffusion length is shortened at the nanoscale.
With bulk materials, new reactions at the nanoscale are not achievable.
Electronic transport is enhanced when nanoscale technology and electronic conductive coating are combined.
Increased cyclability and longevity result from reduced mechanical stresses brought on by volume change.
The electrode capability of Li storage is improved at the nanoscale.
Fast electrode kinetics and Li storage are both favored by an ordered mesoporous structure.
Cycle stability is increased by nanostructure.
In addition, lithium-sulfur (Li-S), sodium-ion, lithium-air, magnesium, paper, flexible, and stretchable batteries all use carbon nanomaterials in some capacity. In addition, due to their large specific surface area and superior electrical and mechanical properties, carbon nanomaterials have received substantial development as useful electrodes in supercapacitors.
Increase in applications of carbon nanomaterials in the automobile sector for developing and producing car interiors and exteriors as a result of their advantageous mechanical qualities and low weight is driving the demand for carbon nanomaterials in automobile industry. Carbon nanomaterials are widely used in vehicles to reduce the weight of the aluminum engine, for improved grip and low rolling resistance in lithium-ion batteries to shorten the charging time, increase the tensile strength, and to reduce the weight of automobiles. These factors impact the growth of the global carbon nanomaterials market. However, the utilization of carbon black as a filler has improved technical, mechanical, and gas barrier qualities. These particles can irritate the lungs, induce coughing, and irritate the eyes, nose, and throat after inhalation. These health risks can hinder the market expansion of carbon nanomaterials. The expanding application range of carbon nanomaterials in the aerospace, nanomedicine, consumer products, and water treatment industries is anticipated to provide more market opportunities. Carbon nanomaterials are in significant demand in countries including China, Japan, and South Korea. The demand for carbon nanomaterials in these countries is largely driven by the market's expansion in commercial applications.
The global carbon nanomaterials market is segmented into form and region. Depending on form, the market is classified into graphene, carbon nano fibers, fullerenes and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global carbon nanomaterials market are 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., and Tokyo Chemicals Industry UK Ltd. Other players operating in the market are Nanostructured & Amorphous Materials Inc., Nopo Nanotechnologies, Ocsial, Ossila Ltd., and Raymor Industries Inc.
Japan and South Korea Overview
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.
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 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.
Key Market Segments
By Product Type
Graphene
Type
Mono-layer Bi-layer Graphene
Few Layer Graphene
Graphene Oxide
Graphene Nano Platelets
Application
Radio Frequency Identification (RFID)
Composites
Sensors
Energy storage
Polymer additives
Coatings
Tire
Others
Carbon Nanofibers
Technology
Catalytic decomposition
Carbonization
Application
Energy Devices
Filtration
Sensors
Drug Delivery
Nanocomposites
Others
Fullerenes
Shape
Nano-rods
Bucky balls
Carbon Nanotubes
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Vietnam
Thailand
Malaysia
Indonesia
Singapore
Rest of Asia-Pacific
South America
Brazil
Argentina
Chile
Rest Of South America
Middle East
Saudi Arabia
Qatar
UAE
Egypt
South Africa
Rest Of Middle East
Key Market Players
Arkema Group
Bayer AG
DuPont
G6 Materials Corp
Graphenea
hollingsworth & vose
Hydale Graphene Industries Plc
Hyperion Catalysis International, Inc.
Jiangsu Cnano Technology Co., Ltd
LG Chem Ltd
MTR Ltd.
Nano-C
nanocyl sa
Otto Chemie Pvt. Ltd
SES Research Inc
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