Press release
Carbon Nanomaterials Market Analysis, Trends, Growth, Research And Forecast 2032
The Business research company
The Business Research Company's Carbon Nanomaterials Global Market Report 2023 identifies the increasing demand for electric vehicles
as the major driver for the carbon nanomaterials market's growth in the forecast period. An electric vehicle is a vehicle that runs on one or more electric motors that draw electricity from an external power source. The performance of lithium-ion batteries, the main energy storage devices in electric cars, is improved by using carbon nanomaterials like graphene and carbon nanotubes. Carbon compounds are also employed in lithium batteries to increase the electrical conductivity of the positive and negative electrodes while avoiding interfering with the electrochemical redox reaction, which generates energy in the electrochemical cell.
The global carbon nanomaterials market size is expected to grow from $4.28 billion in 2022 to $5.49 billion in 2023 at a compound annual growth rate (CAGR) of 28.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of carbon nanomaterials market is expected to reach $14.68 billion in 2027 at a CAGR of 27.9%.
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Major competitors in the carbon nanomaterials market are Hanwha Corporation, LG Chem Ltd., Northrop Grumman Corporation, Sumitomo Electric Industries Ltd., Arkema S.A., Cabot Corporation, Kumho Petrochemical Co Ltd, Sigma-Aldrich, JiangSu Cnano Technology Co. Ltd., OCSiAl USA, Thomas Swan & Company Ltd., Nano-C Inc., DexMat Inc., Nantero Inc., C12 Quantum Electronics, Hyperion Catalysis International, NaWaTechnologies SA, Klean Industries Inc., Surrey NanoSystems Ltd., Nanocyl S.A., Adnano Technologies Private Limited.
A key trend in the carbon nanomaterials market includes technological advancement. Companies operating in the carbon nanomaterials market are adopting new technologies to sustain their position in the market. For instance, in March 2021, Cabot Corporation, a US-based chemical company, launched the ENERMAX 6 carbon nanotube (CNT) series. The ENERMAX 6 carbon nanotube series may improve battery performance at lower loadings to increase battery energy density. It is the sole supplier of high-performance carbon additives with a broad product portfolio that has been successfully employed in the market, including carbon black, graphene, carbon nanotubes (CNTs), and carbon nanostructures (CNS), as well as dispersion and formulation capabilities. It can be used to increase battery performance at lower loadings, allowing for a more energy-dense cell.
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The carbon nanomaterials market is segmented -
• By Type: Carbon Nanofibers, Carbon Nanotube, Fullerenes, Graphene, Carbon-Based Quantum Dots, Other Types
• By Method: Arc Discharge, Laser Ablation, Chemical Vapor Deposition, Catalyzed Chemical Vapor Deposition, High-Pressure Carbon Monoxide Reaction, Liquid Phase Carbon Nanotubes Purification
• By End User: Building And Construction, Electrical And Electronics, Medical And Healthcare, Automotive, Aerospace, Sports And Leisure, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.Asia-Pacific was the largest region in the carbon nanomaterials market.
The Business Research Company's "Global Carbon Nanomaterials Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Carbon Nanomaterials Market Include:
1. Executive Summary
2. Carbon Nanomaterials Market Characteristics
3. Carbon Nanomaterials Market Trends And Strategies
4. Carbon Nanomaterials Market - Macro Economic Scenario
……
32. Global Carbon Nanomaterials Market Competitive Benchmarking
33. Global Carbon Nanomaterials Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Carbon Nanomaterials Market
35. Carbon Nanomaterials Market Future Outlook and Potential Analysis
36. Appendix
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