The global advanced carbon materials market is forecast to reach $27.5 billion by 2030, growing at a CAGR of 7%. These materials are used in various end-use applications, including aerospace, sports, medical, civil engineering, electronics, and more. They are valued for their low weight, high tensile strength, durability, and impact resistance.
The report analyzes the global and regional markets for advanced carbon materials, including carbon fibers, carbon foams, carbon nanotubes, and graphene. The aerospace and defense industries are expected to be the largest consumers of these materials, driven by the need for lightweight and high-strength materials in aircraft and spacecraft.
The automotive industry is expected to experience the fastest growth, driven by the increasing demand for energy-efficient vehicles. The report also highlights the growing demand for advanced carbon materials in the medical equipment and sports goods industries.
The Asia-Pacific region is expected to be the fastest-growing market, driven by the region’s rapid industrialization and growing demand for advanced materials. The report profiles 45+ companies operating in the advanced carbon materials market, including 2-D Materials, 3D Strong, 4M Carbon Fiber, and others.