Global Demand for Advanced Carbon Materials to Reach US$14B by 2030 Driven Primarily by Energy Applications such as Wind Blades, Energy Storage Batteries and Supercapacitors

A new report from Industry Experts Inc, on " Advanced Carbon Materials Market ", reveals that the global demand for Advanced Carbon Materials is estimated at US$6.6 billion in 2024 and is projected to reach US$14.1 billion by 2030 at a CAGR of 13.6% between 2024 and 2030. The increasing need for lightweight, high-strength materials in the energy, automotive, and aerospace industries is bolstering the market. Developments in nanocarbon technologies, including graphene and carbon nanotubes, are instrumental in creating new prospects in the fields of energy, electronics, biomedical and other sectors. Apart from this, carbon nanotubes and graphene are being increasingly adopted in energy storage applications, such as lithium-ion batteries. Increased investments in research & development are striving towards making these materials more sustainable and lightweight as per the required criteria. Advanced Carbon Materials analyzed in this study include Carbon Fibers, C...