Carbon Nanomaterials Market: Overview
Carbon nanomaterials have exceptional electrical, chemical, thermal, and mechanical properties. Carbon nanomaterials find application in energy storage and conversion, composite materials, sensors, field emission devices, drug delivery, and nanoscale electronic components. Carbon nanotubes, fullerenes, and mesoporous carbon structures are major carbon nanomaterials, having properties that differ substantially from other forms of carbon, such as graphite and diamond. The distinguished electronic properties of carbon nanotubes have been a major driver for the demand of carbon nanomaterials. Applications of fullerenes in superconductivity, supramolecular assembly and thin films have led to significant growth in preference of use of carbon nanomaterials in a wide range of end-use industries. The carbon nanomaterials market can be segmented into carbon nanofibers, carbon nanotubes, fullerenes, graphene, and polyhedral oligomeric silsesquioxane. Carbon nanomaterials possess semiconductor properties, which give them a competitive edge over conventional graphite. The semiconductor property of carbon nanomaterials induces catalysis by direct participation in the charge transfer process. Furthermore, carbon nanomaterials enable variation of their charge transfer properties and can be used in designing of catalysts for hydrogenation, fuel cells, and sensors. Carbon nanomaterials find application across various end-use industries such as aerospace and aviation, automotive, energy, electronics, medicine, defense, plastics, sports, and telecommunications.
Carbon Nanomaterials Market: Trends and Opportunities
Application of carbon nanomaterials as catalysts, superconductors etc. in industries such as automotive, defense, electronics, and telecommunications is expected to be major market driver for the carbon nanomaterials market over the forecast period. Electronics was the largest end-use industry for the carbon nanomaterials market for the past few years, accounting for a substantial share of the market. The trend is expected to continue over the forecast period, on account of growing demand for electronics around the globe. The automotive and defense industries are also expected to witness a similar trend over the forecast period on account of growing demand for electronics in these industries. Industries such as aerospace and energy, which remained untapped, offer vast potential in the carbon nanomaterials market.
Carbon Nanomaterials Market: Geographical and Competitive Dynamics
Asia Pacific is expected to be the leading regional market during the next few years on account of the growing application of carbon nanomaterials in emerging economies such as China and India. Japan has been the largest supplier of carbon nanomaterials over the past few years, followed by China and South Korea. Electronics, automotive, and defense are expected to be the major end-use industries in the region on account of growth in disposable incomes and rising concerns over defense and border securities in countries such as China and India. Europe is expected to witness a similar trend on account of the presence of a well-established automotive industry in the region. The electronics, automotive, and defense industries are expected to drive the carbon nanomaterials market in North America on account of increasing defense research in the region. Latin America is anticipated to witness a steady rate of growth during the next few years due to the expansion of the automotive and electronics industries in countries such as Brazil. Middle East and Africa is expected to be a highly lucrative regional segment for the carbon nanomaterials market on account of high investment in the defense sector by GCC countries and the growth of the automotive industry in South Africa over the forecast period.
Some of the key players in this market are Ahlstrom Corporation, E. I. du Pont de Nemours and Company, Hollingsworth & Vose, and Kuraray Co., Ltd.
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.