Carbon Filler Based Nanocomposite Market - Forecast(2024 - 2030)

Report Code: CMR 30675 Report Format: PDF + Excel

Carbon Filler Based Nanocomposite Market Overview

The Carbon Filler Based Nanocomposite Market size is projected to grow at a CAGR of 9.5% during the forecast period 2022-2027 and reach US$2.6 billion by 2027. Carbon filler based nanocomposites are primarily composed of various elements, including activated carbon, carbon black, graphene, carbon nanotubes and nanodiamonds. Some of the examples of polymer composites based on carbon filler include polyphenylene sulfide, polyetheretherketone, polyamides, polyesters and more. They are primarily used in various industries including construction, automotive, aerospace and others. The expansion of the carbon filler based nanocomposite market is primarily driven by their usage in the automotive industry. In 2020, the COVID-19 pandemic negatively impacted automotive production, temporarily affecting the growth of the carbon filler based nanocomposite industry. However, a steady recovery in automotive production activities has been witnessed since 2021, which in turn, is driving the demand for carbon filler based nanocomposites. According to the International Organization of Motor Vehicle Manufacturers, the total global automobile production reached 80.2 billion units in 2021, an increase of 3% as compared to 77.7 billion units in 2020. An increase in automotive production along with the growth in the aerospace industry is expected to drive the growth of the Carbon Filler Based Nanocomposite market size in the upcoming years. Meanwhile, environmental concerns associated with the toxicity of nano products may confine the market growth.

Carbon Filler Based Nanocomposite Market Report Coverage

The "Carbon Filler Based Nanocomposite Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Carbon Filler Based Nanocomposite Market.

By Type: Activated Carbon, Carbon Black, Graphene, Carbon Nanotubes (Multi-Walled Carbon Nanotubes and Single-Walled Carbon Nanotubes) and Nanodiamonds.
By Synthesis Method: Covalent Functionalization, Noncovalent Functionalization, Wet and Dry Synthesis.
By End-use Industry: Automotive (Passenger Cars, Light Commercial Vehicle and Heavy Commercial Vehicles), Electrical & Electronics (Semiconductor, Appliance and Others), Construction (Residential, Commercial and Industrial), Healthcare (Medical Devices, Drug Delivery, Others), Medical Hygiene Products, Aerospace (Commercial, Military and Others), Marine (Passenger Ships & Cruises and Heavy Load Carriers), Agriculture, Power Generation and Others.
By Geography: North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, Spain, Denmark, Belgium and the Rest of Europe), Asia-pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and Rest of the World [the Middle East (Saudi Arabia, the UAE, Israel and the Rest of Middle East) and Africa (South Africa, Nigeria and the Rest of Africa)].

Key Takeaways

  • Carbon nanotubes held a significant share in the Carbon Filler Based Nanocomposite Market in 2021. Its wide range of characteristics and high flexibility made it stand out in comparison to other types of carbon fillers in the market.
  • Automotive industry held a significant share in the Carbon Filler Based Nanocomposite Market in 2021, owing to the increasing demand for Carbon Filler Based Nanocomposites from the automotive sector across the world.
  • Asia-pacific dominated the Carbon Filler Based Nanocomposite Market in 2021, owing to its increasing demand from the automotive sector in the region.
  • A detailed analysis of strengths, weaknesses, opportunities and threats of major market players would be provided in the Carbon Filler Based Nanocomposite Market Report.

Figure: Carbon Filler Based Nanocomposite Market Revenue Share, by Geography, 2021 (%)
Carbon Filler Based Nanocomposite Market
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Carbon Filler Based Nanocomposite Market Segment Analysis – by Type

The carbon nanotube held a significant Carbon Filler Based Nanocomposite Market share in 2021, owing to a range of characteristics and benefits they offer over other types of carbon fillers. For instance, carbon nanotubes offer higher thermal conductivity and elasticity in comparison to activated carbon, carbon black and graphene-based nanocomposites. Moreover, it also offers very high tensile strength along with excellent flexibility as compared to other types of carbon filler based nanocomposites. Furthermore, carbon nanotubes offer very high electrical conductivity, along with a low thermal expansion coefficient which makes them ideal for use in construction, automotive and other industries. Recent insights from Construct Connect reveal that the U.S. government has funded around US$20 billion for the construction of a real estate and development project in Chicago, which is currently undergoing construction in 2022. Thus, such surging development in the construction sector is expected to increase the demand for carbon nanotube-based nanocomposite for use in construction materials such as concrete, asphalt, adhesives, coatings and other materials utilized in the industry. This is expected to drive market growth during the forecast period.

Carbon Filler Based Nanocomposite Market Segment Analysis – by End-use Industry

The automotive industry held a significant Carbon Filler Based Nanocomposite Market share of over 20% in 2021, due to the increasing automobile production across the world. According to the International Organization of Motor Vehicle Manufacturers (OICA), the total production of passenger cars in South America, Asia-pacific and Africa increased by 11%, 7% and 8%, respectively, in 2021 as compared to 2020. Carbon filler based nanocomposites such as polyphenylene sulfide, polyetheretherketone, polyamides, polyesters and more are primarily used in the automotive industry for multiple applications involving automobile engines, suspension & braking systems, electric & electronic equipment and other automobile components. Thus, such surging production from the automotive industry is expected to increase the demand for carbon filler based nanocomposites. This is expected to expand the Carbon Filler Based Nanocomposite market size during the forecast period.

Carbon Filler Based Nanocomposite Market Segment Analysis – by Geography

Asia-pacific held a significant Carbon Filler Based Nanocomposite Market share of over 28% in 2021. The consumption of Carbon Filler Based Nanocomposites is particularly high in this region due to its increasing demand from the automotive sector in the region. Recent insights published by the OICA (International Organization of Motor Vehicle Manufacturers) during the fourth quarter of 2020 state that around 25 million, 3.5 million, 8 million and 3.4 million units of vehicles were produced in China, South Korea, Japan and India, respectively, which in turn, contributed to approximately 50% of the global automobile production during 2020. Hence, such an increase in automobile production in multiple countries across the region is expected to increase the demand for carbon filler based nanocomposites for use in automobile engines, suspension and braking systems, electric and electronic equipment and other automobile components. This is anticipated to propel the market growth during the forecast period.

Carbon Filler Based Nanocomposite Market Drivers

An increase in automotive production

The properties of Carbon Filler Based Nanocomposites such as very high tensile strength, excellent flexibility, along with mechanical and thermal properties make them ideal for use in various automotive components. According to the International Organization of Motor Vehicle Manufacturers (OICA), the production of heavy-duty vehicles in Europe reached 308,300 units in 2021, an increase of 31% in comparison to 2,36,328 units in 2020. It further stated that the total automobile production in 2021 in Europe, America, Asia and Africa increased by 25%, 17%, 28% and 37% respectively in comparison to 2020. Hence, an increase in global automotive production is expected to increase the demand for Carbon Filler Based Nanocomposites for use in various components of an automobile, due to its aforementioned properties. This is expected to drive the growth of the market in the upcoming years.

Growth of the aerospace industry

Carbon Filler Based Nanocomposites such as polyphenylene sulfide, polyetheretherketone, polyamides and polyesters are commonly used in various components of an aircraft which include cabin interiors, glare shields, electrical and electronic systems and more. This is because of their very high tensile strength, durability, lightweight and excellent resistance to impact, chemicals and corrosion. According to the Federal Aviation Administration (FAA), the total production of commercial aircraft fleet is estimated to reach up to 8,270 by the end of 2037, owing to the growth of air cargo activities. Moreover, the Indian Air Force (IAF) announced its plans to deliver 73 Tejas Mark-1A fighter jets which are scheduled to be delivered during 2024-2028. Hence, such surging growth of the aerospace industry is expected to increase the demand for Carbon Filler Based Nanocomposites, owing to their above-mentioned usage and properties. This is expected to accelerate market growth in the upcoming years.

Carbon Filler Based Nanocomposite Market Challenge:

Environmental concerns associated with the toxicity of nano products

The use of nanocomposites is usually linked with nano-pollution causes. Nano pollution occurs from the byproducts or waste that is generated during the manufacturing of nanomaterials. The byproducts and waste generated during the production of nanomaterials can end up in landfills and contaminate the air and water systems. The growth of nanotechnology including nanocomposites is considered to be a growing environmental concern as the full-scale impact of nano-pollution is yet to be determined. Moreover, prolonged exposure or inhalation of nanoparticles during their manufacturing process may cause lung inflammation and heart problems. Thus, such environmental and health concerns associated with the production of nanomaterials may limit the growth of the Carbon Filler Based Nanocomposite industry during the forecast period.

Carbon Filler Based Nanocomposite Industry Outlook

Technology launches, acquisitions and increased R&D activities are key strategies adopted by players in the Carbon Filler Based Nanocomposite industry. The top companies in Carbon Filler Based Nanocomposite Market are:

  1. 3M
  2. Cybershield Inc.
  3. Parker Chomerics
  4. Dow Chemical Company
  5. Schaffner Holding AG
  6. Eis Fabrico
  7. Schlegel EMI
  8. PPG Industries Limited
  9. Orion Industries Incorporated
  10. Tech-Etch Inc.

Recent Developments

  • In September 2021, B9Creations partnered with Mechnano, a nanomaterial company headquartered in the United States. The main goal of this partnership was to expand the company’s range of nanomaterials functionalized with carbon nanotubes to deliver high-value materials that are primarily designed to meet specific performance requirements.
  • In January 2020, Cabot China Limited acquired Shenzhen Sanshun Nano New Materials Co., Ltd, a leading carbon nanotube manufacturer in China, for approximately US$115 million. The main motive of this acquisition was to strengthen the company’s position and formulation capabilities in the electric vehicle market in China.

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1. Carbon Filler Based Nanocomposite Market - Market Overview
    1.1 Definitions and Scope
2. Carbon Filler Based Nanocomposite Market - Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by Synthesis Method
    2.3 Key Trends by End-use Industry
    2.4 Key Trends by Geography
3. Carbon Filler Based Nanocomposite Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Carbon Filler Based Nanocomposite Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Carbon Filler Based Nanocomposite Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Carbon Filler Based Nanocomposite Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter's Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Carbon Filler Based Nanocomposite Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Carbon Filler Based Nanocomposite Market – by Type (Market Size - US$ Million/Billion)
    8.1 Activated Carbon
    8.2 Carbon Black
    8.3 Graphene
    8.4 Carbon Nanotubes
        8.4.1 Multi-Walled Carbon Nanotubes
        8.4.2 Single-Walled Carbon Nanotubes
    8.5 Nanodiamonds
9. Carbon Filler Based Nanocomposite Market – by Synthesis Method (Market Size - US$ Million/Billion)
    9.1 Covalent Functionalization
    9.2 Noncovalent Functionalization
    9.3 Wet Synthesis
    9.4 Dry Synthesis
10. Carbon Filler Based Nanocomposite Market – by End-use Industry (Market Size - US$ Million/Billion)
    10.1 Automotive
        10.1.1 Passenger Car
        10.1.2 Light Commercial Vehicle
        10.1.3 Heavy Commercial Vehicles
    10.2 Electrical & Electronics
        10.2.1 Semiconductor
        10.2.2 Appliances
        10.2.3 Others
    10.3 Construction
        10.3.1 Residential
        10.3.2 Commercial
        10.3.3 Industrial
    10.4 Healthcare
        10.4.1 Medical Devices
        10.4.2 Drug Delivery
        10.4.3 Others
    10.5 Aerospace
        10.5.1 Commercial
        10.5.2 Military
        10.5.3 Others
    10.6 Marine
        10.6.1 Passenger Ships & Cruises
        10.6.2 Heavy Load Carriers
    10.7 Agriculture
    10.8 Power Generation
    10.9 Others
11. Carbon Filler Based Nanocomposite Market - by Geography (Market Size - US$ Million/Billion)
    11.1 North America
        11.1.1 The USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 The UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 The Netherlands
        11.2.6 Spain
        11.2.7 Denmark
        11.2.8 Belgium
        11.2.9 The Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zealand
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 Rest of the World
        11.5.1 The Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 The UAE
            11.5.1.3 Israel
            11.5.1.4 The Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of Africa
12. Carbon Filler Based Nanocomposite Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Carbon Filler Based Nanocomposite Market – Industry/Segment Competition Landscape Premium
    13.1 Company Benchmarking Matrix – Major Companies
    13.2 Market Share at Global Level - Major companies
    13.3 Market Share by Key Geography - Major companies
    13.4 Market Share at Country Level - Major companies
    13.5 Market Share by Key Crop Type/Product category - Major companies
14. Carbon Filler Based Nanocomposite Market – Key Company List by Country Premium Premium
15. Carbon Filler Based Nanocomposite Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
* "Financials would be provided to private companies on best-efforts basis."
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LIST OF TABLES

1.Global Global Carbon Filler Based Nanocomposite Market, By Type Market 2023-2030 ($M)
1.1 Sheet Market 2023-2030 ($M) - Global Industry Research
1.2 Pipe Market 2023-2030 ($M) - Global Industry Research
2.Global Global Carbon Filler Based Nanocomposite Market, By Type Market 2023-2030 (Volume/Units)
2.1 Sheet Market 2023-2030 (Volume/Units) - Global Industry Research
2.2 Pipe Market 2023-2030 (Volume/Units) - Global Industry Research
3.North America Global Carbon Filler Based Nanocomposite Market, By Type Market 2023-2030 ($M)
3.1 Sheet Market 2023-2030 ($M) - Regional Industry Research
3.2 Pipe Market 2023-2030 ($M) - Regional Industry Research
4.South America Global Carbon Filler Based Nanocomposite Market, By Type Market 2023-2030 ($M)
4.1 Sheet Market 2023-2030 ($M) - Regional Industry Research
4.2 Pipe Market 2023-2030 ($M) - Regional Industry Research
5.Europe Global Carbon Filler Based Nanocomposite Market, By Type Market 2023-2030 ($M)
5.1 Sheet Market 2023-2030 ($M) - Regional Industry Research
5.2 Pipe Market 2023-2030 ($M) - Regional Industry Research
6.APAC Global Carbon Filler Based Nanocomposite Market, By Type Market 2023-2030 ($M)
6.1 Sheet Market 2023-2030 ($M) - Regional Industry Research
6.2 Pipe Market 2023-2030 ($M) - Regional Industry Research
7.MENA Global Carbon Filler Based Nanocomposite Market, By Type Market 2023-2030 ($M)
7.1 Sheet Market 2023-2030 ($M) - Regional Industry Research
7.2 Pipe Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Carbon Filler Based Nanocomposite Market Revenue, 2023-2030 ($M)
2.Canada Carbon Filler Based Nanocomposite Market Revenue, 2023-2030 ($M)
3.Mexico Carbon Filler Based Nanocomposite Market Revenue, 2023-2030 ($M)
4.Brazil Carbon Filler Based Nanocomposite Market Revenue, 2023-2030 ($M)
5.Argentina Carbon Filler Based Nanocomposite Market Revenue, 2023-2030 ($M)
6.Peru Carbon Filler Based Nanocomposite Market Revenue, 2023-2030 ($M)
7.Colombia Carbon Filler Based Nanocomposite Market Revenue, 2023-2030 ($M)
8.Chile Carbon Filler Based Nanocomposite Market Revenue, 2023-2030 ($M)
9.Rest of South America Carbon Filler Based Nanocomposite Market Revenue, 2023-2030 ($M)
10.UK Carbon Filler Based Nanocomposite Market Revenue, 2023-2030 ($M)
11.Germany Carbon Filler Based Nanocomposite Market Revenue, 2023-2030 ($M)
12.France Carbon Filler Based Nanocomposite Market Revenue, 2023-2030 ($M)
13.Italy Carbon Filler Based Nanocomposite Market Revenue, 2023-2030 ($M)
14.Spain Carbon Filler Based Nanocomposite Market Revenue, 2023-2030 ($M)
15.Rest of Europe Carbon Filler Based Nanocomposite Market Revenue, 2023-2030 ($M)
16.China Carbon Filler Based Nanocomposite Market Revenue, 2023-2030 ($M)
17.India Carbon Filler Based Nanocomposite Market Revenue, 2023-2030 ($M)
18.Japan Carbon Filler Based Nanocomposite Market Revenue, 2023-2030 ($M)
19.South Korea Carbon Filler Based Nanocomposite Market Revenue, 2023-2030 ($M)
20.South Africa Carbon Filler Based Nanocomposite Market Revenue, 2023-2030 ($M)
21.North America Carbon Filler Based Nanocomposite By Application
22.South America Carbon Filler Based Nanocomposite By Application
23.Europe Carbon Filler Based Nanocomposite By Application
24.APAC Carbon Filler Based Nanocomposite By Application
25.MENA Carbon Filler Based Nanocomposite By Application
26.3M, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Cybershield, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Parker Chomerics, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Dow Chemical Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Schaffner Holding Ag, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Eis Fabrico, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Schlegel Emi, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Ppg Industry Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Orion Industry Incorporated, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Tech-Etch, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)