Advanced Structural Carbon Products Market - Global Industry Trends 2019

Advanced structural carbon products are materials which are manufactured from different allotropes of carbon such as amorphous carbon and graphite. Certain products such as carbon-reinforced carbon composites, monolithic structural graphite, carbon fibers, and carbon foams are produced in the industry. These products are used in an extensive range of applications such as industrial, automotives, aerospace & defense, and energy.

Several growth factors such as technological advancement in enhancing property-structural connection of the advanced carbon materials and breakthroughs in the manufacturing processes have led to the reduction of prices resulting in novel applications of these carbon products. Due to this, manufacturers are increasing the production of highly durable and ultra-lightweight carbon products with advanced technology and structure which is expected to bring a significant change in the global structural carbon applications as well as products. Moreover, companies have started manufacturing high quality carbon products from a multitude of waste such as biomass and plastics which are further used in several industrial and mining applications.

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The market has experienced significant growth due to certain factors such as the growth of the automotive and the overall infrastructure industry. However, growing environmental concerns regarding the carbon footprint from the production of these carbon materials is expected to slow down the growth of the market.

North America was the major consumer in the advanced structural carbon products market, followed by Europe. However, increasing technical innovations and efforts to make structural carbon technologies available for new applications at affordable prices are leading to the development of new markets. These factors are expected to provide new opportunities to the manufacturers in emerging regions such as Asia-Pacific.

AAR Composites, Advanced Carbon Technologies, Inc., Branwell Graphite, Ltd., Cytec Corporation, Mitsubishi Chemical Corporation, Morgan Advanced Materials and Technology, Techfab LLC, and Zoltec Companies, Inc. are some of the key players operating in the advanced structural carbon products market.

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