Advanced Structural Carbon Products Market: Global Industry Volume and Region Analysis 2024
Advanced structural carbon products, which are manufactured from non-identical physical forms of carbon including graphite and amorphous carbon, are now extensively used for applications such as automotive, defense and aerospace, energy, and other industrial purposes. With increasing application of products such as monolithic structural graphitecarbon-reinforced carbon composites, carbon foams, and carbon fibers in various industries, the global market for advanced structural carbon products is projected to expand at a healthy CAGR during the forecast period of 2016 to 2024.
This report on the global market for advanced structural carbon products has been prepared to act as a credible business decision-making document for audiences such as members of financial community, directors of engineering, research, and development as well as manufacturers of these products. The report analyzes all the potential factors that may influence the demand in the near future, and presents estimations. It also contains a dedicated section on company profiles, wherein several leading vendors have been examined for their market share, product range, pricing, and margin, and recent strategic developments. The report also overviews the value chain of the market, types of raw materials, manufacturing process, and latest developments in manufacturing technologies pertaining to advanced structural carbon products.
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Based on application, the global advanced structural carbon products can be segmented into aerospace and defense industry including space vehicles, defense aviation and missiles, commercial aviation, and ground transport, industrial applications such as wind energy and sporting goods, infrastructure, thermal management, and other applications such as biocompatibility, electrochemical, lightweight telescope, and hollow carbon fibers in molecular sieve application. Geographically, the report studies the potential of this market in regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.
Global Advanced Structural Carbon Products Market: Trends and Opportunities
Technological advancements in the field, which is leading to enhanced structural connection of the carbon materials is the primary driver for this market. Manufacturing processes have also evolved considerably in the recent past and in turn is not only reducing the cost of its application in various industries and thereby augmenting the demand, advanced products are now highly durable and ultra-lightweight, which is further escalating the adoptability. Additionally, several vendors have now initialized the manufacturing of high quality carbon products from plastics and biomass, which is spreading the utility into lesser known mining applications.
Overall, automotive industry currently serves the maximum demand in the global advanced structural carbon products market and is expected to remain most prominent throughout the forecast period, although growing concerns pertaining to carbon footprint is expected to obstruct the market from reaching its full potential.
Global Advanced Structural Carbon Products Market: Region-wise Outlook
Currently, North America serves the maximum demand in this market, followed by Europe. However, reduced cost of these products and thriving automotive industry in Asia Pacific is expected to escalate the demand from this region too in the near future.
Companies mentioned in the research report
Advanced Carbon Technologies, Inc., AAR Composites, Cytec Corporation, Branwell Graphite, Ltd., Mitsubishi Chemical Corporation, Techfab LLC, Zoltec Companies, Inc., and Morgan Advanced Materials and Technology are some of the leading companies currently operational in global advanced structural carbon products market. Research and development of new products is the primary strategy adopted by these players to gain ground over their competitors.