Advanced carbon materials have excellent thermal stability and mechanical property such as tensile strength than ordinary materials. Graphene, carbon fibers, carbon foams structural graphite, and nanotubes are majorly used advanced carbon materials as engineering materials. Rising focus toward lightweight composites from the automotive and aviation industry and increasing demand of carbon fiber-reinforced plastic in the construction industry is anticipated to drive the global market. However, wastage in the manufacturing of finished products and high associated with cost of carbon fiber composites are projected to hinder the growth of the market during the forecast period.
Global Advanced Carbon Materials Market: Segmentation
The global advanced carbon materials market can be segmented based on product, application and region. In terms of product , the advanced carbon materials market can be divided into carbon fibers, special graphite, carbon nanotubes, grapheme, carbon foams (includes carbon nanofoams) and others such as fullerenes, diamond-like carbon (dlc), nanocrystalline and diamond (ncd). Carbon fibers is a major product segment of global advanced carbon materials market owing to its high consumption in end use industries such as automotive, construction, electronics and energy applications as manufacturing composites. Moreover, the carbon fiber application in aerospace manufacturing industry is being popular due to rising concern of galvanic corrosion of aluminum in aerospace applications. This in turn, is projected to drive the advanced carbon materials market during the forecast period.
Based on application, aerospace & defense, electronics, sports, automotive, construction, and energy. Aerospace & defense is a application key segment of the global advanced carbon materials market. The innovative product design of flexible integrated circuits suitable for high temperature operations in high speed military aero planes is driving the demand of aerospace & defense advanced carbon materials. Furthermore, the focus on light weight aircraft manufacturing has resulted in to design of composite derived wing boxes. The material requirement of these light weight systems are augmenting the demand of advanced carbon materials.
Automotive application of advanced carbon materials is anticipated to experience significant growth during the forecast period. Increasing automotive manufacturing output in emerging economies such as India, China and Mexico is projected to fuel the advanced carbon materials market as the regulations initiatives to promote energy efficient vehicles is resulting into rise of usage of lightweight materials in the design. This in turn augmenting the demand of advanced carbon materials as fillers in the application.
Global Advanced Carbon Materials Market: Regional Outlook
Based on region, the global advanced carbon materials market can be classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe accounts for a large share in the global advanced carbon materials market. The region has well established aerospace manufacturing industry with the key aerospace manufacturers operating the region such as Bell Helicopters, Augusta Westland, Boeing, etc. The ease of accessibility to consumable products for aerospace manufacturing has attributed to significant impact on Europe advanced carbon materials market. Asia Pacific region is anticipated to exhibit rapid growth during the forecast period. Governmental initiatives by government of China to develop energy efficient automotive systems are projected to augment the demand of light weight and durable materials. This, in turn is estimated to fuel the Asia Pacific advanced carbon materials market.
Global Advanced Carbon Materials Market: Competitive Landscape
Various key players in the global advanced carbon materials market tend to gain competitive advantage by means of product innovation in the field of light weight and durable material. Key players operating in the global advanced carbon materials market include Hexcel, Zoltek, Arkema, Nippon Graphite Fiber Corporation., Cnano Technology, ANAORI CARBON Co., Ltd. Grupo, Antolin Grupo, Graphenano, CVD Equipment Corporation, Haydale Graphene Industries PLC, Showa Denko K.K., Mitsubishi Chemical Carbon Fiber and Composites, Inc., company name and others.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.