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

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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, Carbon Nanotubes, Graphene, Fullerenes and Carbon Foams. Carbon Fibers are the largest material type in the global market for Advanced Carbon Materials with a share of 67% in 2024. The extensive use of carbon fibers in the manufacturing of diverse composite applications in the energy, electronics, construction and automotive sectors has been fostering industry expansion. However, the demand for Graphene is projected to post the fastest CAGR of around 24% between 2024 and 2030, owing to their growing demand as conductive materials in energy storage batteries.

The global market for advanced carbon materials is analyzed in this report for all major regions across North America (The United States, and Canada), Europe (France, Germany, Italy, Spain, The United Kingdom and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Tiawan and Rest of Asia-Pacific), and Rest of World (Brazil, Russia, Turkiye and Other Rest of World).

The advanced carbon materials market analyzed in this report with respect to Type – Carbon Fibers, Carbon Foams, Carbon Nanotubes (CNTs), Fullerenes and Graphene; and End-use Application –Aerospace & Defense, Sports & Leisure, Energy, Automotive & Transportation, Construction/Infrastructure, Electrical & Electronics, Medical and Other Applications.

About Industry Experts, Inc
Industry Experts, Inc., ranks among the leading market research providers globally. The company's off-the-shelf and customized business intelligence reports offer strategic insights and valuable guidance to enable various stakeholders, such as corporate strategists, analysts, researchers and startups, among others, in obtaining valuable, crisp and unbiased current and future market data. For more information, contact us on +1-320-497-3787 or visit https://industry-experts.com/

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