Carbon Nanorod (CNR) is a nanostructure that is approximately 10 to 120 nanometers (nm) wide, over a surface area of 30 to 70 meter square grams. It is a filling that is a by-produced of carbon nanotube (CNT). These nanostructures are lightweight materials and it is thus expected to grow in the aerospace, electronics and defense industries. Moreover, properties such as high tensile strength, high electrical and thermal conductivity, flexibility, fracture toughness, and wear resistance increases the growth of the overall market.
Demand of carbon nanorods from end-use industries is increasing due to their rising commercialization, improved quality, and developed products. End-user industries such as electronics and aerospace offer high growth opportunities to the carbon nanorod market, as nanorods are lightweight and have high mechanical strength. Additionally, technological advancement, high investment in the research and development by manufacturers, and improved quality are the trends in carbon nanorod market. However, the availability of substitutes, high cost, and processing difficulties are likely to hamper the expansion of the market.
In terms of application, the carbon nanorod market can be segmented into energy generation, medicine, electronics, polymer, and others. Carbon nanorod is widely employed in the polymer industry. Most manufacturers of polymers find nanorods as an excellent option to improve the quality of their current product in terms of tensile strength and elasticity. These better-quality polymers increase the demand for carbon nanorods in several industries where traditional steel and glass can be replaced by lightweight polymers.
The short-term applications of carbon nanorods include conductive polymers and composites in the automotive and electronics industry, electromagnetic shielding, and sporting goods. The medium- to long-term market applications of carbon nanorods include medical implants, drug delivery, and lithium batteries. For instance, the improved mechanical properties in epoxy carbon fiber composites, which are used in the sports industry, can also be used in the construction of aircraft and wind power generators.
In terms of form, the carbon nanorod market can be segmented into diamond nanorod and graphite nanorod. In the diamond nanorod form, the carbon atoms are bonded tetrahedrally, i.e., a strong three-dimensional network, whereas in the graphite form carbon atoms are bonded in a two-dimensional network. The diamond form of carbon nanorods are anticipated to have high demand in the market, as they possess excellent features such as resistance to fracture, wear resistance, and toughness. These properties satisfy the needs of various industries where carbon nanorods are utilized such as aerospace, electronics & electrical, and polymers.
In terms of geography, the carbon nanorod market has been segregated into North America, Asia Pacific, Europe, Middle East & Africa, and Latin America. In terms of demand for carbon nanorod products, Asia Pacific is anticipated to dominate the carbon nanorod market. Rising demand for lightweight materials and improved quality products for the energy, electrical & electronics, composites and other end-use segments is boosting the carbon nanorod market in the region. North America and Europe are considered as key regions due to the technological advancements and research & development activities in these regions. The presence of emerging economies in Latin America and Middle East & Africa is also fuelling the carbon nanorod market in these regions. Increase in potential applications of carbon nanorods is anticipated to fuel its demand, which in turn is expected to propel the market during the forecast years.
Most key players are investing significantly in the research and development of carbon nanorods, while simultaneously expanding production capacities, which in turn is estimated to boost the overall market. Key players operating in the market include Showa Denko K.K., Nanocyl SA, Hanwha, Raymor, OCSiAl, Klean Industries, Thomas Swan & Co. Ltd, Kumho Petrochemical, and Arkema.
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.