Adroit Market Research - Industry Insights
Global Advanced Carbon Materials Market Size 2018 by Product (Carbon Fibers, Structural Graphite, Carbon Nanotubes (CNT), Graphene, and Carbon Foams), by Application (Aerospace & Defense, Energy, Electronics, Sports, Automotive, Construction and Others), Region and Forecast 2019 to 2025
Apr 2019
Total Pages: 70
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The global advanced carbon materials market was valued at USD 6.89 billion in 2018. Rising demand for carbon fiber reinforced plastic (CFRP) in the construction and automotive sectors is expected to significantly enhance the advanced carbon material market size.
The automotive industry is a critical component to the economic growth of any country as it directly contributes to the GDP. As the global economy is strengthening gradually, the automotive industry is also witnessing incremental growth in car production. With the increase in the automotive fleet on road, fuel consumption has also increased. According to the Bureau of transportation statistics, motor vehicle fuel consumption in the U.S. reached 176,891 million gallons in 2016. Owing to the growth of fuel consumption, government regulations have become more stringent. Therefore, the automobile manufacturers are focused on reducing the structural weight of vehicle owing to which inclination towards carbon fiber has increased. Usage of advanced carbon materials has increased the fuel economy as well. However, high cost has limited the usage of carbon fibers to high-end performance vehicles.
Key segments of the global advanced carbon materials market
Product Overview, 2015-2025 (Tons) (USD Million)
- Carbon fibers
- Structural graphite
- Carbon nanotubes (CNT)
- Graphene
- Carbon foams
Application Overview, 2015-2025 (Tons) (USD Million)
- Aerospace & Defence
- Energy
- Electronics
- Sports
- Automotive
- Construction
- Others
Regional Overview, 2015-2025 (Tons) (USD Million)
- North America
- U.S.
- Canada
- Europe
- France
- UK
- Germany
- Rest of Europe
- Asia Pacific
- India
- Japan
- China
- Rest of APAC
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- GCC
- Rest of MEA
Reasons for the study
- This study provides an exhaustive outlook of the advanced carbon materials industry
- While analyzing the market, we observed that use of the term composites are being widely used among automotive and aerospace industries
- APAC is projected to be the most potential region on account of rapid consumption of Carbon Fiber Reinforced Polymers (CFRP) in aerospace industries
- Advanced carbon materials market is projected to witness tremendous opportunity in developing regions of Latin America and MEA due to changing financial status of consumers
What does the report include?
- The study on the global market covers the qualitative factors such as drivers, trends, and opportunities
- Additionally, the market size has been thoroughly analyzed using the value chain analysis, Porter’s Five Forces’ analysis, and PESTEL methods
- The study covers market estimates (both qualitative and quantitative) segmented on the basis of product, application, and geography. Moreover, the study provides product penetration among key geographies
- Market sizes and forecast have been provided for all the above-mentioned segments
- Carbon materials study also includes the profiles of key companies operating in the market with a significant global, regional and country level presence
Who should buy this report?
This study is beneficial for industry participants in the global advanced carbon materials market, who want an in-depth analysis and insight into the movement of the carbon composites industry. The report will benefit:-
- Executives of automotive, construction and aerospace companies that are engaged in the aircraft manufacturing
- Managers/executives in financial institutions willing to publish recent and forecasted data pertaining to consumption of carbon materials in end-use industries
- Venture capitalists, stakeholders and investors looking for additional information on the future scenario of the carbon materials market
- Regulatory and governmental bodies, policymakers and financial organizations looking for innovations in automotive designs
Carbon materials cores are applied as lightweight composites in electrical conductor cabling for utility power applications. CFRP (Carbon Fiber Reinforced Plastics) conductors allow longer duration between the electric towers thereby lowering the number of towers required for power distribution. Furthermore, government investment for achieving electricity goals would boost the demand for materials such as carbon fibers in India. Government of India plans to invest around USD 1trillion by 2030 to achieve its 24/7 electricity goals for all citizens.
Carbon fiber materials are increasingly used in wind turbines in India. Carbon fiber plays a critical role by increasing the blade length owing to its superior stiffness and fatigue properties and this is poised to boost the global advanced carbon materials market. India stood fourth in the global cumulative wind turbines installed capacity with 28,700 MW in December 2016. The Global Wind Energy Council (GWEC) is working on Facilitating Offshore Wind in India (FOWIND) project for the past few years to promote offshore wind power in India. Overall, the carbon fiber market in India is projected to evolve over the coming years.
Carbon fiber is the most discussed extreme lightweight material on account of its immense potential for weight reduction in the majority of the industries. Also, falling carbon fiber prices owing to invent of cost-effective precursor material to produce the carbon fiber (lignin-based precursors) has significantly reduced the raw material cost by nearly 50%. This fall in cost has made it significantly comparable to aluminum parts and its weight advantage has made it an ideal material in car design and performance.
Regulations across the European economy has forced manufacturers and OEMs to increasingly reduce carbon emissions of their vehicles. European legislation defines a value curve which limits CO2 emissions for all the new sold cars. For example, the average emissions for the models sold by an OEM should drop from 140 gram CO2 per km to 75 g by 2025. Extreme high penalties levied by European government on OEMs in cases of failure in target achievement has widely driven the need for fuel-efficient advanced carbon materials.
Carbon nanotubes category among the key product segments is expected to be the most promising segment in the global advanced carbon materials market, surpassing the CAGR of 10.0% during the forecast period 2019 to 2025. CNT has recently emerged as the most important class of nanomaterials with massive opportunity to spark off the next industrial decade. Exceptional electrical and thermal conductivity, small diameters, the large aspect ratio has made it an ideal material for electronic devices. Also, unique conducting and semiconducting properties of nanotubes have surged the CNTs demand in applications such as CNT-FETs memory devices, interconnects, etc. as an alternative to the silicon devices. The proposed CNT production capacities are expected to take a big leap ahead so as to curb the huge gap between demand and supply owing to less consumption of CNT by end users.
Stricter vehicle fuel emission norms in North America and Europe have propelled automobile makers to redesign automobile structure so as reduce weight and produce fuel-efficient vehicles. Advanced carbon materials industry is gradually substituting conventional metallic components with carbon materials and this, in turn, is expected to provide an immense boost to the advanced carbon material market size. Carbon fiber composites are being deployed in the components like chassis tubs, wheels, hood, air vents, driveshaft, front grille, roof panel, and others.
Automotive light-weightedness is the latest advanced carbon material market trends prevailing across all geographies. It is assumed that nearly a quarter of greenhouse gas emissions are associated with road transport vehicles. These factors have led to stricter environmental regulations for vehicle emissions. Reducing vehicle weight can drastically reduce fuel consumption. Carbon Fiber Reinforced Plastic (CFRP) is one such composite which OEM manufacturers across Europe are incorporating in product designs, leading to vehicle weight reduction by 25%-70%.
Europe advanced carbon materials market surpassed USD 2.0 billion in 2018 and is expected to witness expansion at a CAGR of over 7.0% between 2019 and 2025. European manufacturers are highly stressing on implementing these composites in their structures. For instance, a unit of Volkswagen AG, Porsche recently introduced CRPF wheel in the market. In early 2018, Zoltek (acquired by Toray Industries) announced the expansion of its carbon fiber facility in Hungary owing to rapidly growing demand for the material mainly in the automotive sector.
With rapid economic development in China, the conflict of depleting non-renewable energy sources and severe environmental threats is growing. To maintain the balance between the two, greater use of renewable resources is a long term solution. Wind energy as a renewable source is now getting increasingly adopted in the country which is favored by its large onshore and offshore territory. China is one of the prominent markets for bicycle manufacturers as well. It is also a major exporter to several countries in the Asia Pacific region.
Carbon fiber is used in bicycle frames for reduced weight and greater control. But owing to the relatively higher price of carbon fiber material, it is mainly found in high-end bicycles. The rapid surge of Chinese bicycle market is anticipated to positively impact the advanced carbon materials industry. Apart from bicycles, China is also the largest market for PEV (Plug-in electric vehicle) with record production in 2015 of 380,000 units. Adaptation of carbon fiber composites in electric vehicles is expected to be one of the latest advanced carbon material market trends would significantly reduce its weight and increase fuel economy. Thus, electric vehicles offer a new opportunity for growth for carbon fiber.
Key manufacturers in the global advanced carbon materials industry are majorly involved in product innovations and are significantly contributing to research and development. Companies are keen towards setting up R&D facilities in developing regions and near areas with easy accessibility to raw materials. Some of the giant manufacturers operating in the market include Mitsubishi Rayon, Toray Industries, Graphenea, Showa Denko K.K., Zoltek, Arkema S.A., and Toho Tenax Co. Ltd.
The global advanced carbon materials market was valued at USD 6.89 billion in 2018. Rising demand for carbon fiber reinforced plastic (CFRP) in the construction and automotive sectors is expected to significantly enhance the advanced carbon material market size.
The automotive industry is a critical component to the economic growth of any country as it directly contributes to the GDP. As the global economy is strengthening gradually, the automotive industry is also witnessing incremental growth in car production. With the increase in the automotive fleet on road, fuel consumption has also increased. According to the Bureau of transportation statistics, motor vehicle fuel consumption in the U.S. reached 176,891 million gallons in 2016. Owing to the growth of fuel consumption, government regulations have become more stringent. Therefore, the automobile manufacturers are focused on reducing the structural weight of vehicle owing to which inclination towards carbon fiber has increased. Usage of advanced carbon materials has increased the fuel economy as well. However, high cost has limited the usage of carbon fibers to high-end performance vehicles.
Key segments of the global advanced carbon materials market
Product Overview, 2015-2025 (Tons) (USD Million)
- Carbon fibers
- Structural graphite
- Carbon nanotubes (CNT)
- Graphene
- Carbon foams
Application Overview, 2015-2025 (Tons) (USD Million)
- Aerospace & Defence
- Energy
- Electronics
- Sports
- Automotive
- Construction
- Others
Regional Overview, 2015-2025 (Tons) (USD Million)
- North America
- U.S.
- Canada
- Europe
- France
- UK
- Germany
- Rest of Europe
- Asia Pacific
- India
- Japan
- China
- Rest of APAC
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- GCC
- Rest of MEA
Reasons for the study
- This study provides an exhaustive outlook of the advanced carbon materials industry
- While analyzing the market, we observed that use of the term composites are being widely used among automotive and aerospace industries
- APAC is projected to be the most potential region on account of rapid consumption of Carbon Fiber Reinforced Polymers (CFRP) in aerospace industries
- Advanced carbon materials market is projected to witness tremendous opportunity in developing regions of Latin America and MEA due to changing financial status of consumers
What does the report include?
- The study on the global market covers the qualitative factors such as drivers, trends, and opportunities
- Additionally, the market size has been thoroughly analyzed using the value chain analysis, Porter’s Five Forces’ analysis, and PESTEL methods
- The study covers market estimates (both qualitative and quantitative) segmented on the basis of product, application, and geography. Moreover, the study provides product penetration among key geographies
- Market sizes and forecast have been provided for all the above-mentioned segments
- Carbon materials study also includes the profiles of key companies operating in the market with a significant global, regional and country level presence
Who should buy this report?
This study is beneficial for industry participants in the global advanced carbon materials market, who want an in-depth analysis and insight into the movement of the carbon composites industry. The report will benefit:-
- Executives of automotive, construction and aerospace companies that are engaged in the aircraft manufacturing
- Managers/executives in financial institutions willing to publish recent and forecasted data pertaining to consumption of carbon materials in end-use industries
- Venture capitalists, stakeholders and investors looking for additional information on the future scenario of the carbon materials market
- Regulatory and governmental bodies, policymakers and financial organizations looking for innovations in automotive designs
Chapter 1. Executive Summary
Chapter 2. Research Methodology
2.1. Research approach
2.2. Scope, definition, and assumptions
2.3. Data sources
Chapter 3. Market Outlook
3.1. Introduction
3.2. Key trends
3.2.1. Market drivers
3.2.2. Market restraints
3.2.3. Market opportunities
3.3. Porter’s Five Forces’ analysis
3.4. PESTEL analysis
3.5. Value Chain Analysis
3.6. Patent Analysis
Chapter 4. Market Overview, By Product
4.1. Global advanced carbon materials market share, by product, 2018 & 2025
4.2. Carbon Fibers
4.2.1. Market size and projections, 2015-2025
4.3. Structural Graphite
4.3.1. Market size and projections, 2015– 2025
4.4. Carbon Nanotubes (CNT)
4.4.1. Market size and projections, 2015– 2025
4.5. Graphene
4.5.1. Market size and projections, 2015– 2025
4.6. Carbon Foams
4.6.1. Market size and projections, 2015– 2025
Chapter 5. Market Overview, By Application
5.1. Global advanced carbon materials market share, by application, 2018 & 2025
5.2. Aerospace & Defence
5.2.1. Market size and projections, 2015– 2025
5.3. Energy
5.3.1. Market size and projections, 2015– 2025
5.4. Electronics
5.4.1. Market size and projections, 2015– 2025
5.5. Sports
5.5.1. Market size and projections, 2015– 2025
5.6. Automotive
5.6.1. Market size and projections, 2015– 2025
5.7. Construction
5.7.1. Market size and projections, 2015– 2025
5.8. Others
5.8.1. Market size and projections, 2015– 2025
Chapter 6. Market Overview, By Region
6.1. Global advanced carbon materials market share, by region, 2018 & 2025
6.2. North America
6.2.1. Market size and projections, 2015-2025
6.2.2. Market size and projections, by product, 2015-2025
6.2.3. Market size and projections, by application, 2015-2025
6.2.4. US
6.2.4.1. Market size and projections, 2015-2025
6.2.4.2. Market size and projections, by product, 2015-2025
6.2.4.3. Market size and projections, by application, 2015-2025
6.2.5. Canada
6.2.5.1. Market size and projections, 2015-2025
6.2.5.2. Market size and projections, by product, 2015-2025
6.2.5.3. Market size and projections, by application, 2015-2025
6.3. Europe
6.3.1. Market size and projections, 2015-2025
6.3.2. Market size and projections, by product, 2015-2025
6.3.3. Market size and projections, by application, 2015-2025
6.3.4. France
6.3.4.1. Market size and projections, 2015-2025
6.3.4.2. Market size and projections, by product, 2015-2025
6.3.4.3. Market size and projections, by application, 2015-2025
6.3.5. UK
6.3.5.1. Market size and projections, 2015-2025
6.3.5.2. Market size and projections, by product, 2015-2025
6.3.5.3. Market size and projections, by application, 2015-2025
6.3.6. Germany
6.3.6.1. Market size and projections, 2015-2025
6.3.6.2. Market size and projections, by product, 2015-2025
6.3.6.3. Market size and projections, by application, 2015-2025
6.3.7. Rest of Europe
6.3.7.1. Market size and projections, 2015-2025
6.3.7.2. Market size and projections, by product, 2015-2025
6.3.7.3. Market size and projections, by application, 2015-2025
6.4. Asia Pacific
6.4.1. Market size and projections, 2015-2025
6.4.2. Market size and projections, by product, 2015-2025
6.4.3. Market size and projections, by application, 2015-2025
6.4.4. India
6.4.4.1. Market size and projections, 2015-2025
6.4.4.2. Market size and projections, by product, 2015-2025
6.4.4.3. Market size and projections, by application, 2015-2025
6.4.5. Japan
6.4.5.1. Market size and projections, 2015-2025
6.4.5.2. Market size and projections, by product, 2015-2025
6.4.5.3. Market size and projections, by application, 2015-2025
6.4.6. China
6.4.6.1. Market size and projections, 2015-2025
6.4.6.2. Market size and projections, by product, 2015-2025
6.4.6.3. Market size and projections, by application, 2015-2025
6.4.7. Rest of APAC
6.4.7.1. Market size and projections, 2015-2025
6.4.7.2. Market size and projections, by product, 2015-2025
6.4.7.3. Market size and projections, by application, 2015-2025
6.5. Latin America
6.5.1. Market size and projections, 2015-2025
6.5.2. Market size and projections, by product, 2015-2025
6.5.3. Market size and projections, by application, 2015-2025
6.5.4. Brazil
6.5.4.1. Market size and projections, 2015-2025
6.5.4.2. Market size and projections, by product, 2015-2025
6.5.4.3. Market size and projections, by application, 2015-2025
6.5.5. Rest of Latin America
6.5.5.1. Market size and projections, 2015-2025
6.5.5.2. Market size and projections, by product, 2015-2025
6.5.5.3. Market size and projections, by application, 2015-2025
6.6. Middle East & Africa
6.6.1. Market size and projections, 2015-2025
6.6.2. Market size and projections, by product, 2015-2025
6.6.3. Market size and projections, by application, 2015-2025
6.6.4. GCC
6.6.4.1. Market size and projections, 2015-2025
6.6.4.2. Market size and projections, by product, 2015-2025
6.6.4.3. Market size and projections, by application, 2015-2025
6.6.5. Rest of MEA
6.6.5.1. Market size and projections, 2015-2025
6.6.5.2. Market size and projections, by product, 2015-2025
6.6.5.3. Market size and projections, by application, 2015-2025
Chapter 7. Competitive Landscape
7.1. Company Market Share/ Top Player Positioning, 2018
7.2. Competitive strategies
Chapter 8. Company Profiles
8.1. Grupo Antolin Ingenieria S.A.
8.1.1. Company overview
8.1.2. Product portfolio
8.1.3. Key developments
8.1.4. Financial performance
8.2. CNano Technology
8.2.1. Company overview
8.2.2. Product portfolio
8.2.3. Key developments
8.2.4. Financial performance
8.3. Nippon Graphite Fiber Corporation
8.3.1. Company overview
8.3.2. Product portfolio
8.3.3. Key developments
8.3.4. Financial performance
8.4. Showa Denko K.K.
8.4.1. Company overview
8.4.2. Product portfolio
8.4.3. Key developments
8.4.4. Financial performance
8.5. Mitsubishi Rayon
8.5.1. Company overview
8.5.2. Product portfolio
8.5.3. Key developments
8.5.4. Financial performance
8.6. Zoltek
8.6.1. Company overview
8.6.2. Product portfolio
8.6.3. Key developments
8.6.4. Financial performance
8.7. Anaori Carbon Co. Ltd.
8.7.1. Company overview
8.7.2. Product portfolio
8.7.3. Key developments
8.7.4. Financial performance
8.8. CVD Equipment Corporation
8.8.1. Company overview
8.8.2. Product portfolio
8.8.3. Key developments
8.8.4. Financial performance
8.9. Graphenano
8.9.1. Company overview
8.9.2. Product portfolio
8.9.3. Key developments
8.9.4. Financial performance
8.10. Grupo Antolin Ingenieria S.A.
8.10.1. Company overview
8.10.2. Product portfolio
8.10.3. Key developments
8.10.4. Financial performance