17-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Carbon Nanomaterials Market By Type (Carbon Nanotubes, Carbon Nanofibres, Graphene, Fullerenes & Carbon Diamonds) and By Application (Automotive, Aerospace & Defence, Medical, Electronics & Energy, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Carbon Nanomaterials market in 2019 was approximately USD 6 Billion. The market is expected to grow at a CAGR of 17% and is anticipated to reach around USD 12 Billion by 2026.
A carbon atom that has different types of valence bonds helps in the formation of a number of allotropes. Although its 3-D structures like diamond and graphite are well known, it also shapes allotropes that are low-dimensional known collectively as carbon nanomaterials, such as 1-D carbon nanotubes (CNTs) and 0-D fullerenes. Graphene, 2-D single-layer graphite, multi-layer graphene (MLG) is the most recent addition to this discovery list. Functional carbon nanomaterials (CNs) have become significant because of their unique combination of physical and chemical properties, such as high mechanical strength, thermal & electrical conductivity, and optical properties.
Browse the full “Carbon Nanomaterials Market By Type (Carbon Nanotubes, Carbon Nanofibres, Graphene, Fullerenes & Carbon Diamonds) and By Application (Automotive, Aerospace & Defence, Medical, Electronics & Energy, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/carbon-nanomaterials-market-by-type-carbon-nanotubes-carbon-746
The demand for carbon nanomaterials is expected to be powered by its high potential applications in energy storage systems and electronics, despite its exceptional electrical conductivity. Increased demand for ultra-high strength and durable structural materials, combined with a growing application spectrum of carbon nanomaterials for consumer goods, nanomedicine and aircraft industry, is further anticipated to assist the market.
However, the high processing cost of carbon nanomaterials is hindering the growth of the market. These carbon nanomaterials are also considered to be a threat to the environment and cause severe health issues. Nevertheless, the growing demand for light-weighted materials on a global scale for its uses in various industries like the automotive and aviation sector, as well as its potential use in medical devices creates numerous opportunities for the carbon nanomaterials market.
Carbon nanomaterials are segmented by substance into graphene, carbon nanofibers, carbon nanotubes, fullerenes& carbon diamonds. Carbon nanotube dominated the market due to its growing use in the electronics and automotive industry, as sensors and semiconductors are expected to fuel consumer demand over the forecast period. Carbon nanomaterials are also classified on the basis of end-use applications such as aviation, automobile, healthcare, packaging, electrical & electronics, energy, and consumer goods.
Electronics & Power was one of the main carbon nanomaterial market segments in 2016, followed by the automotive industry. Growing demand for carbon fiber and lightweight materials from the automotive and aviation industries, combined with potential applications in medical devices, is expected to have strong growth prospects in the forecasted period.
As per the regional analysis, the market is divided into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Globally, the North America region is expected to dominate the market due to the advanced manufacturing technologies developed for the better usage of carbon nanomaterials and its high penetration & consumption in numerous end-user industries.
Furthermore, the allotment of the federal fund to the National Nanotechnology Initiative would further boost the research and development activities in the region. Asia Pacific region is expected to be the second dominating region owing to its growing infrastructure and major developments in the field of technology and the manufacturing sector.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 6 Billion |
Projected Market Size in 2026 |
USD 12 Billion |
CAGR Growth Rate |
17% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
E. I. du Pont de Nemours and Company, Ahlstrom, Hyperion Catalysis International Inc, Hollingsworth &Vose, Bayer AG, Arkema, CNano Technology Ltd, Kuraray Co. Ltd, Showa Denko, Continental Carbon Company, Finetex, Elmarco, Nanocyl SA, Others |
Key Segment |
By Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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The major players involved in the Carbon Nanomaterials market are as follows :
- E. I. du Pont de Nemours and Company
- Ahlstrom
- Hyperion Catalysis International Inc
- Hollingsworth &Vose
- Bayer AG
- Arkema
- CNano Technology Ltd
- Kuraray Co. Ltd
- Showa Denko
- Continental Carbon Company
- Finetex
- Elmarco
- Nanocyl SA
- Others
This report segments the Carbon Nanomaterials market as follows:
Global Carbon Nanomaterials Market: By Type Segmentation Analysis
- Carbon Nanotubes
- Carbon Nanofibres
- Graphene
- Fullerenes
- Carbon Diamonds
Global Carbon Nanomaterials Market: By Application Segmentation Analysis
- Automotive
- Aerospace & Defence
- Medical
- Electronics &Energy
- Others
Global Carbon Nanomaterials Market: Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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