Carbon Nanomaterials Market Expansion Outlook: $24.47 Billion in 2029

Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.

What Is the Projected CAGR for the Carbon Nanomaterials Market from 2024 to 2025?
The market for carbon nanomaterials has witnessed a momentous expansion in its size over the past years. The market value is set to increase from $6.99 billion in 2024 to $8.83 billion in 2025, reflecting a compound annual growth rate (CAGR) of 26.2%. The substantial growth during the historic phase is linked to the requirement in the electronics industry, growing ecological worries, demand from the automotive industry, the healthcare sector's adoption, and reduced production costs.

What are the Expected Market Size and CAGR for Carbon Nanomaterials by 2029?
In the coming years, the carbon nanomaterials market is projected to witness a significant surge in its size. The market is predicted to reach $24.47 billion by 2029, expanding at a compound annual growth rate (CAGR) of 29.0%. This substantial growth during the forecasted period can be credited to various factors such as advancements in nanosensors, their utilization in building materials, their integration into electronics, increasing research in nanomedicine, and emphasis on sustainable materials. The forecast period will also see key trends such as emphasis on functionalization, improvement in energy storage solutions, use of nanomaterials in building, increased research on nanotoxicology, as well as industrial automation and robotics.

Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/carbon-nanomaterials-global-market-report

Which Factors Are Driving the Global Carbon Nanomaterials Market Expansion?
The surge in popularity of electric automobiles is set to drive the expansion of the carbon nanomaterials market. Electric vehicles, which are powered by one or more electric motors that source power from an outside unit, are in high demand. Carbon nanomaterials, including graphene and carbon nanotubes, are used to enhance the performance of lithium-ion batteries, the primary energy storage mechanism in electric vehicles. These carbon-based substances are used in lithium batteries to enhance the electrical conductivity of the anode and cathode, without disrupting the electrochemical redox reaction that produces energy in the electrochemical cell. For example, as reported by the Department of Infrastructure, Transport, Regional Development, Communications, and the Arts in February 2024, the number of registered motor vehicles was 20.7 million as of January 31, 2022, indicating a 2% increase from January 2021. Battery electric vehicles (BEVs) totaled approximately 40,000, a rise of 100% from 2021, with 34,200 of these being passenger cars in 2022, a 118% increase from 2021. Consequently, the growing demand for electric vehicles is propelling the expansion of the carbon nanomaterials market.

Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12036&type=smp

Which Segment Currently Holds the Largest Share of the Carbon Nanomaterials Market?
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

Subsegments:
1) By Carbon Nanofibers: Continuous Carbon Nanofibers, Discontinuous Carbon Nanofibers
2) By Carbon Nanotubes: Single-Walled Carbon Nanotubes (SWCNT), Multi-Walled Carbon Nanotubes (MWCNT)
3) By Fullerenes: C60, C70, Other Fullerenes
4) By Graphene: Graphene Oxide, Reduced Graphene Oxide, Graphene Nanoplatelets
5) By Carbon-Based Quantum Dots: Graphene Quantum Dots, Carbon Dots
6) By Other Types: Carbon Nanocomposites, Carbon Nanostructures

Which Major Trends Are Shaping the Future of the Carbon Nanomaterials Industry?
Advancements in technology are an emerging trend in the carbon nanomaterials industry. To remain competitive, businesses within this market are utilising next-gen technologies. An example of this is OCSiAl, a Nanotechnology firm based in Luxembourg, which commenced manufacturing at a new carbon nanotube facility in Serbia in September 2024. This move is aimed at strengthening ties with ProLogium and bolster their gigafactory project in Dunkirk, France. The manufacturing site, having yearly production potential of 3,000 metric tons of single-walled carbon nanotube dispersion, is set to bolster the supply chain for high-performance batteries in Europe. Through this collaborative effort, ProLogium is projected to incorporate OCSiAl's nanotubes into its lithium ceramic batteries thereby enhancing conductivity and energy density in line with tough safety measures. ProLogium is also expected to start mass production in their gigafactory by early 2027 reinforcing the pledge of both corporations to foster innovation and sustainability in the electric vehicle industry.

Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=12036&type=smp

Which Key Players Dominate the Carbon Nanomaterials Industry Globally?
Major companies operating in the carbon nanomaterials market include 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

What Are the Fastest-Growing Regions in the Carbon Nanomaterials Market?
Asia-Pacific was the largest region in the carbon nanomaterials market in 2024. The regions covered in the carbon nanomaterials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.