The carbon nanomaterials market attained $2.9 billion in 2021, and is projected to reach $31.6 billion by 2031, growing at a CAGR of 27.7% from 2022 to 2031.
Nanomaterials made of carbon possess outstanding electrical, chemical, thermal, and mechanical characteristics. The applications of carbon nanomaterials include energy storage and conversion, composite materials, sensors, field emission devices, medicine delivery, and nanoscale electronic components. Carbon nanomaterials consist of fullerenes, carbon nanotubes (CNTs), graphene and its derivatives, graphene oxide, Nano diamonds, and carbon-based quantum dots (CQDs). They have attracted a significant deal of attention from a diverse range of industrial markets due to their unique structural dimensions and superior mechanical, electrical, thermal, optical, and chemical capabilities.
With global energy demands increasing as well as initiatives to minimize fossil fuel use and eradicate air pollution, it is increasingly critical to supply efficient, cost-effective, and environment-friendly energy storage solutions. The growing market for smart grit networks, electric vehicles (EVs), and plug-in hybrid electric vehicles (PHEVs) is also boosting the need for increasing rechargeable battery energy density and this will increase the demand for carbon nanomaterials.
Lithium-ion batteries have shown significant potential in portable gadgets and electric vehicles due to their long lifespan and high safety. The actual application is however constrained by difficulties related to the sluggish dynamics and poor cycling stability. Due to their substantially smaller particle sizes, carbon nanomaterials such as graphene and carbon nanotubes (CNTs) efficiently solve these issues.
The benefits of nanomaterials are:
Lithium-ion diffusion length is shortened at the nanoscale.
With bulk materials, new reactions at the nanoscale are not achievable.
Electronic transport is enhanced when nanoscale technology and electronic conductive coating are combined.
Increased cyclability and longevity result from reduced mechanical stresses brought on by volume change.
The electrode capability of Li storage is improved at the nanoscale.
Fast electrode kinetics and Li storage are both favored by an ordered mesoporous structure.
Cycle stability is increased by nanostructure.
In addition, lithium-sulfur (Li-S), sodium-ion, lithium-air, magnesium, paper, flexible, and stretchable batteries all use carbon nanomaterials in some capacity. In addition, due to their large specific surface area and superior electrical and mechanical properties, carbon nanomaterials have received substantial development as useful electrodes in supercapacitors.
Increase in applications of carbon nanomaterials in the automobile sector for developing and producing car interiors and exteriors as a result of their advantageous mechanical qualities and low weight is driving the demand for carbon nanomaterials in automobile industry. Carbon nanomaterials are widely used in vehicles to reduce the weight of the aluminum engine, for improved grip and low rolling resistance in lithium-ion batteries to shorten the charging time, increase the tensile strength, and to reduce the weight of automobiles. These factors impact the growth of the global carbon nanomaterials market. However, the utilization of carbon black as a filler has improved technical, mechanical, and gas barrier qualities. These particles can irritate the lungs, induce coughing, and irritate the eyes, nose, and throat after inhalation. These health risks can hinder the market expansion of carbon nanomaterials. The expanding application range of carbon nanomaterials in the aerospace, nanomedicine, consumer products, and water treatment industries is anticipated to provide more market opportunities. Carbon nanomaterials are in significant demand in countries including China, Japan, and South Korea. The demand for carbon nanomaterials in these countries is largely driven by the market's expansion in commercial applications.
The global carbon nanomaterials market is segmented into form and region. Depending on form, the market is classified into graphene, carbon nano fibers, fullerenes and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global carbon nanomaterials market are Arkema, Bayer AG, DuPont, G6 Materials Corp, Graphenea, Hollingsworth & Vose, Hydale Graphene Industries Plc, Hyperion Catalysis International, Inc., Jiangsu Cnano Technology Co., Ltd., LG Chem, MTR Ltd., Nano-C, Nanocyl SA, Otto Chemie Pvt. Ltd., SES Research Inc., Showa Denko K.K, Thomas Swan & CO. Ltd., and Tokyo Chemicals Industry UK Ltd. Other players operating in the market are Nanostructured & Amorphous Materials Inc., Nopo Nanotechnologies, Ocsial, Ossila Ltd., and Raymor Industries Inc.
Nanomaterials made of carbon possess outstanding electrical, chemical, thermal, and mechanical characteristics. The applications of carbon nanomaterials include energy storage and conversion, composite materials, sensors, field emission devices, medicine delivery, and nanoscale electronic components. Carbon nanomaterials consist of fullerenes, carbon nanotubes (CNTs), graphene and its derivatives, graphene oxide, Nano diamonds, and carbon-based quantum dots (CQDs). They have attracted a significant deal of attention from a diverse range of industrial markets due to their unique structural dimensions and superior mechanical, electrical, thermal, optical, and chemical capabilities.
With global energy demands increasing as well as initiatives to minimize fossil fuel use and eradicate air pollution, it is increasingly critical to supply efficient, cost-effective, and environment-friendly energy storage solutions. The growing market for smart grit networks, electric vehicles (EVs), and plug-in hybrid electric vehicles (PHEVs) is also boosting the need for increasing rechargeable battery energy density and this will increase the demand for carbon nanomaterials.
Lithium-ion batteries have shown significant potential in portable gadgets and electric vehicles due to their long lifespan and high safety. The actual application is however constrained by difficulties related to the sluggish dynamics and poor cycling stability. Due to their substantially smaller particle sizes, carbon nanomaterials such as graphene and carbon nanotubes (CNTs) efficiently solve these issues.
The benefits of nanomaterials are:
Lithium-ion diffusion length is shortened at the nanoscale.
With bulk materials, new reactions at the nanoscale are not achievable.
Electronic transport is enhanced when nanoscale technology and electronic conductive coating are combined.
Increased cyclability and longevity result from reduced mechanical stresses brought on by volume change.
The electrode capability of Li storage is improved at the nanoscale.
Fast electrode kinetics and Li storage are both favored by an ordered mesoporous structure.
Cycle stability is increased by nanostructure.
In addition, lithium-sulfur (Li-S), sodium-ion, lithium-air, magnesium, paper, flexible, and stretchable batteries all use carbon nanomaterials in some capacity. In addition, due to their large specific surface area and superior electrical and mechanical properties, carbon nanomaterials have received substantial development as useful electrodes in supercapacitors.
Increase in applications of carbon nanomaterials in the automobile sector for developing and producing car interiors and exteriors as a result of their advantageous mechanical qualities and low weight is driving the demand for carbon nanomaterials in automobile industry. Carbon nanomaterials are widely used in vehicles to reduce the weight of the aluminum engine, for improved grip and low rolling resistance in lithium-ion batteries to shorten the charging time, increase the tensile strength, and to reduce the weight of automobiles. These factors impact the growth of the global carbon nanomaterials market. However, the utilization of carbon black as a filler has improved technical, mechanical, and gas barrier qualities. These particles can irritate the lungs, induce coughing, and irritate the eyes, nose, and throat after inhalation. These health risks can hinder the market expansion of carbon nanomaterials. The expanding application range of carbon nanomaterials in the aerospace, nanomedicine, consumer products, and water treatment industries is anticipated to provide more market opportunities. Carbon nanomaterials are in significant demand in countries including China, Japan, and South Korea. The demand for carbon nanomaterials in these countries is largely driven by the market's expansion in commercial applications.
The global carbon nanomaterials market is segmented into form and region. Depending on form, the market is classified into graphene, carbon nano fibers, fullerenes and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global carbon nanomaterials market are Arkema, Bayer AG, DuPont, G6 Materials Corp, Graphenea, Hollingsworth & Vose, Hydale Graphene Industries Plc, Hyperion Catalysis International, Inc., Jiangsu Cnano Technology Co., Ltd., LG Chem, MTR Ltd., Nano-C, Nanocyl SA, Otto Chemie Pvt. Ltd., SES Research Inc., Showa Denko K.K, Thomas Swan & CO. Ltd., and Tokyo Chemicals Industry UK Ltd. Other players operating in the market are Nanostructured & Amorphous Materials Inc., Nopo Nanotechnologies, Ocsial, Ossila Ltd., and Raymor Industries Inc.
Japan and South Korea Overview
- Rapid industrialization and increased investments in the medical and automotive industries in the emerging economies of South Korea, and Japan, these countries are anticipated to be the fastest-growing market.
- Companies have intensified R&D in carbon nanomaterials in response to increasing demand from several end-use sectors in the area of Japan and China, which is projected to have a favorable effect on the carbon nanomaterials market.
IMPACT OF COVID-19 ON THE GLOBAL CARBON NANOMATERIALS MARKET
- The COVID-19 pandemic has affected the global imports and exports of several goods.
- Multiple governments have enacted export restrictions that have a considerable impact on supply.
- In addition, carbon nanomaterial makers are experiencing difficulties in getting raw materials, which causes further delays in shipments to customers.
- Furthermore, the quality of some raw materials has deteriorated significantly, and orders for shipments are being greatly impacted by the lack of boats and blank sails, which has a significant impact on the growth of the carbon nanomaterials market.
- As the industries that require carbon nanoparticles for producing products, including automotive and aviation, are shutting down, the demand for carbon nanomaterials has declined dramatically, restricting the market growth of carbon nanomaterials during the pandemic.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global carbon nano materials market analysis from 2021 to 2031 to identify the prevailing global carbon nano materials market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the global carbon nano materials market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global global carbon nano materials market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product Type
- Graphene
- Type
- Mono-layer Bi-layer Graphene
- Few Layer Graphene
- Graphene Oxide
- Graphene Nano Platelets
- Application
- Radio Frequency Identification (RFID)
- Composites
- Sensors
- Energy storage
- Polymer additives
- Coatings
- Tire
- Others
- Carbon Nanofibers
- Technology
- Catalytic decomposition
- Carbonization
- Application
- Energy Devices
- Filtration
- Sensors
- Drug Delivery
- Nanocomposites
- Others
- Fullerenes
- Shape
- Nano-rods
- Bucky balls
- Carbon Nanotubes
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Vietnam
- Thailand
- Malaysia
- Indonesia
- Singapore
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Rest Of South America
- Middle East
- Saudi Arabia
- Qatar
- UAE
- Egypt
- South Africa
- Rest Of Middle East
Key Market Players
- Arkema Group
- Bayer AG
- DuPont
- G6 Materials Corp
- Graphenea
- hollingsworth & vose
- Hydale Graphene Industries Plc
- Hyperion Catalysis International, Inc.
- Jiangsu Cnano Technology Co., Ltd
- LG Chem Ltd
- MTR Ltd.
- Nano-C
- nanocyl sa
- Otto Chemie Pvt. Ltd
- SES Research Inc
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: GLOBAL CARBON NANO MATERIALS MARKET, BY PRODUCT TYPE
CHAPTER 5: GLOBAL CARBON NANO MATERIALS MARKET, BY REGION
CHAPTER 6: COMPANY LANDSCAPE
CHAPTER 7: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Global Carbon Nano Materials Market," the global carbon nano materials market was valued at $2.9 billion in 2021, and is estimated to reach $31.6 billion by 2031, growing at a CAGR of 27.7% from 2022 to 2031.Carbon nanoparticles are a unique class of materials that have widespread application in biomedical fields, such as drug delivery, biomedical imaging, biosensors, tissue engineering, and cancer therapy. Carbon nanomaterials can have numerous forms, including nanodiamonds, nanotubes, and graphene. These materials can be customized for a particular purpose owing to their diverse electrical, chemical, and magnetic properties as well as their exceptional structural strength.
The distinct structural and functional characteristics of carbon nanostructures make them perfect for imaging-based diagnostics. Graphene is the best material for scaffolds for tissue regeneration, whereas carbon nanotubes are simple to functionalize for stimuli-responsive, targeted drug delivery. Carbon nanodiamonds are perfect for biological functionalization, as their surface contains facets with various electrostatic fields. Functionalization, for instance, with chemotherapeutics, proteins and peptides, and/or nucleic acids, can provide a number of benefits simultaneously and produce potent theragnostic instruments.
Carbon nanomaterials are widely employed in medicine and pharmaceuticals for the sensitive detection of essential biological molecules, more accurate and safer imaging of sick tissues, and innovative forms of treatment, owing to their electrical, optical, mechanical, and chemical capabilities, Some therapeutic and diagnostic compounds based on carbon nanomaterials have been developed for the treatment of asthma, pain, allergy, cancer, diabetes, and infections; these factors are anticipated to drive market expansion throughout the forecast period.
Rapid urbanization and rise in investments in the construction and medical industries, especially in the emerging countries of China and India, are projected to present opportunities for carbon nanomaterials in the future. However, high processing costs and strict environmental laws are anticipated to hamper market expansion.
A growing range of industries, including biomedical, energy, electronics, and wastewater treatment, are increasingly using carbon nanomaterials, and the U.S. market for these materials is expected to develop at the greatest rate in the area. The U.S. government makes significant investments in nanotechnology to lead global technological advancement. By means of the National Nanotechnology Initiative (NNI) initiative, it coordinates development on carbon nanomaterials.
Factors such as the anticipated increase in number of people exposed to these carbon nanoparticles, occupational exposure, and the projected evolution of potentially detrimental consequences in the coming years are expected to drive the establishment of stringent regulations. As a result, the predicted progressive strictness in carbon nanomaterials and nanotechnology regulations is expected to create a hurdle to industrial expansion in the future.
Japan is anticipated to be the major provider of carbon nanomaterials, followed by China and South Korea during the forecast period. Major end-use sectors, such as electronics, automotive, and defense, increase regional product demand. Increase in discretionary spending, particularly in India and China, also contributes to the expansion of the industry.
The global carbon nanomaterials market is segmented into form and region. Depending on form, the market is classified into graphene, carbon nano fibers, fullerenes and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global carbon nanomaterials market are Arkema, Bayer AG, DuPont, G6 Materials Corp, Graphenea, Hollingsworth & Vose, Hydale Graphene Industries Plc, Hyperion Catalysis International, Inc., Jiangsu Cnano Technology Co., Ltd., LG Chem, MTR Ltd., Nano-C, Nanocyl SA, Otto Chemie Pvt. Ltd., SES Research Inc., Showa Denko K.K, Thomas Swan & Co. Ltd., and Tokyo Chemicals Industry UK Ltd.
Other players operating in the carbon nanomaterials market are Nanostructured & Amorphous Materials Inc., Nopo Nanotechnologies, Ocsial, Ossila Ltd., and Raymor Industries Inc.
Key Findings of the Study
- The report outlines the current carbon nanomaterials market trends and future scenario of the market from 2022 to 2031 to understand the prevailing opportunities and potential investment pockets.
- The market size is provided in terms of revenue and volume.
- On the basis of form, the fullerenes segment is expected to grow at a CAGR of 27.7%, in terms of revenue, during the forecast period.
- By region, Asia-Pacific dominated the market with highest revenue shares of $1115.7 million in 2021.
- Rapid industrialization and increased investments in the medical and automotive industries in the emerging economies of South Korea, and Japan, these countries are anticipated to be the fastest-growing market.
- Companies have intensified R&D in carbon nanomaterials in response to increasing demand from several end-use sectors in the area of Japan and China, which is projected to have a favorable effect on the carbon nanomaterials market.
IMPACT OF COVID-19 ON THE GLOBAL CARBON NANOMATERIALS MARKET
- The COVID-19 pandemic has affected the global imports and exports of several goods.
- Multiple governments have enacted export restrictions that have a considerable impact on supply.
- In addition, carbon nanomaterial makers are experiencing difficulties in getting raw materials, which causes further delays in shipments to customers.
- Furthermore, the quality of some raw materials has deteriorated significantly, and orders for shipments are being greatly impacted by the lack of boats and blank sails, which has a significant impact on the growth of the carbon nanomaterials market.
- As the industries that require carbon nanoparticles for producing products, including as automotive and aviation, are shutting down, the demand for carbon nanomaterials has declined dramatically, restricting the market growth of carbon nanomaterials during the pandemic.
Companies Mentioned
- Arkema Group
- Bayer AG
- Dupont
- G6 Materials Corp
- Graphenea
- Hollingsworth & Vose
- Hydale Graphene Industries plc
- Hyperion Catalysis International, Inc.
- Jiangsu Cnano Technology Co. Ltd
- Lg Chem Ltd
- Mtr Ltd.
- Nano-C
- Nanocyl Sa
- Otto Chemie Pvt. Ltd
- Ses Research Inc
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 895 |
| Published | August 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 2.9 billion |
| Forecasted Market Value ( USD | $ 31.6 billion |
| Compound Annual Growth Rate | 27.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
