Carbon Nanomaterials Market Analysis, Size, Share, Growth, Trends, Forecast 2024-2033: Outlook on Competitive Landscape

The carbon nanomaterials market size has grown exponentially in recent years. It will grow from $5.49 billion in 2023 to $7.03 billion in 2024 at a compound annual growth rate (CAGR) of 28.1%. The growth in the historic period can be attributed to demand in electronics industry, increasing environmental concerns, automotive sector demand, healthcare sector adoption, cost reduction in production..

The carbon nanomaterials market size is expected to see exponential growth in the next few years. It will grow to $19 billion in 2028 at a compound annual growth rate (CAGR) of 28.2%. The growth in the forecast period can be attributed to development of nanosensors, adoption in construction materials, integration in electronics, growth in nanomedicine research, focus on sustainable materials.. Major trends in the forecast period include focus on functionalization, enhanced energy storage solutions, nanomaterials in construction, focus on nanotoxicology research, industrial automation and robotics..

Market Overview -
Carbon nanomaterials refer to a large family of carbon allotropes that includes carbon fullerenes and quantum dots in the zero-dimensional space. The carbon nanotubes (CNTs) in the one-dimensional space, graphene in the two-dimensional space, and nanodiamonds and nanohorns in the three-dimensional space. These are used in a wide variety of applications due to its distinct physical and chemical properties.

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Electric Vehicle Surge Is Fueling Growth In The Carbon Nanomaterials Market
The increasing demand for electric vehicles is expected to propel the growth of the carbon nanomaterials market going forward. 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 such as 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. For instance, according to the Global EV Outlook 2022 report, electric vehicle (EV) sales had doubled from the previous year in 2021, reaching a new high of 6.6 million. Additionally, the sales of electric car vehicles worldwide in 2021 have reached 6600000 units from 2980000 units. Therefore, the increasing demand for electric vehicles is driving the growth of the carbon nanomaterials market.

Competitive Landscape -
Major companies operating in the carbon nanomaterials market report 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, Raymor Industries Inc., Chasm Advanced Materials Inc., Nano Labs Ltd., Showa Denko K. K., Chengdu Organic Chemicals Co. Ltd., Sun-Nanotech Co Ltd., NoPo Nanotechnologies Private Limited

Technological Advancements In Carbon Nanotube Series For Enhanced Battery Performance
Technological advancements are a key trend gaining popularity in the carbon nanomaterials market. 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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Key Segments -
The carbon nanomaterials market covered in this report is segmented -
1) By Type: Carbon Nanofibers, Carbon Nanotube, Fullerenes, Graphene, Carbon-Based Quantum Dots, Other Types
2) By Method: Arc Discharge, Laser Ablation, Chemical Vapor Deposition, Catalyzed Chemical Vapor Deposition, High-Pressure Carbon Monoxide Reaction, Liquid Phase Carbon Nanotubes Purification
3) By End User: Building And Construction, Electrical And Electronics, Medical And Healthcare, Automotive, Aerospace, Sports And Leisure, Other End Users

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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