Global Vitreous Carbon Market: Overview
Vitreous carbon is also known as glassy carbon. Vitreous carbon is a non-graphitizing carbon. It has properties of pure carbon. It can transform into pure carbon solid without any crystal formation by carbonization process. Vitreous carbon has properties such as high-temperature resistance, low density, and low electrical resistance. Based on the grade, vitreous carbon is categorized into service temperature up to 1100°C and service temperature up to 2000°C. It provides superior resistance to chemicals, gases, and liquids. Vitreous carbon is widely used as an electrode material and sensor component. Vitreous carbon is primarily used in the making of high-temperature crucibles. It is also used to manufacture parts of prosthetic devices.
Vitreous carbon is effectively fabricated in different shapes, sizes, and sections. This material is used in the manufacturing of laboratory equipment and measuring equipment. It can be produced as a foam, which is commonly known as reticulated vitreous carbon (RVC). RVC is used in high-temperature insulation materials. It can be oxidized up to 600°C. RVC is strong carbon. It is possess inert characteristics with high electrical and thermal conductivity. RVC is widely used in filters and storage batteries. It is also used to manufacture semiconductors and electrodes.
Rise in demand for chemical laboratory equipment is expected to propel the vitreous carbon market during the forecast period. Vitreous carbon is specifically used for the manufacturing crucibles owing to its high temperature resistance. Crucibles are vessels or containers in which a number metal alloys and other substances are melted at high temperatures. Increase in demand for superior crucibles in the metal industry is anticipated to drive the market in the near future. Additionally, rise in consumption of carbon electrode in electrochemistry where vitreous carbon is used as an electrode material is a major factor driving the market. Vitreous carbon is extensively used as an electrode material for the analysis of electrochemical characteristics for chemicals, liquids, and other substances.
Vitreous Carbon Market: Segmentation
Based on end-user industry, the vitreous carbon market can be divided into semiconductor & electronics, nuclear, aerospace, and others. The semiconductor & electronics segment is expected to hold a dominant share of the market during the forecast period. Vitreous carbon is employed in electrode materials in the fabrication of sensors due to its superior thermal and electrical conductivity, which enhances sensor quality.
Vitreous Carbon Market: Regional Outlook
In terms of region, the global vitreous carbon market can be categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to account for a dominant share of the market during the forecast period. Growth of the semiconductor and electronics industry, especially in China, Japan, and Taiwan is anticipated to fuel the market in Asia Pacific in the next few years. The vitreous carbon market in North America is estimated to expand at a moderate pace during the forecast period. Vitreous carbon is used to manufacture aircraft components due to its high thermal resistance and light carbon properties. The U.S. is a leading aircraft manufacturer in the world. Presence of leading aircraft manufacturer in the region is anticipated to propel the demand for vitreous carbon in North America. The vitreous carbon market in Europe is projected to expand at a moderate pace during the forecast period. Vitreous carbon is utilized to manufacture nuclear reactor components. Strong presence of nuclear R&D laboratories in countries such as the UK, Germany, and France is likely to increase the demand for vitreous carbon in Europe during the forecast period. The vitreous carbon market in Latin America and Middle East & Africa is estimated to expand at a sluggish pace.
Vitreous Carbon Market: Key Players
Large number of companies operate in the global vitreous carbon market. Prominent manufacturers operating in the market include HTW Hochtemperatur- Werkstoffe GmbH, Structure Probe Inc., MWI Inc., Neyco Vaccum & Materials, Tokai Carbon Co. Ltd, Mersen Group, and Final Advanced Materials Sarl.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold 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.