Transparency Market Research has published a new report, titled “Carbon Nanomaterials Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024.” According to the report, the exceptional properties of carbon nanomaterials with respect to chemical, electrical, thermal, and mechanical characteristics primarily behind the growth of the global carbon nanomaterials market. Carbon nanomaterials are used extensively for the conversion and storage of energy. They are also being used extensively for drug delivery as well as for nanoscale electronic components. The demand for carbon nanomaterials is anticipated to in continue to increase in the years to come on account of their use in sensors as well as composite materials.
The electronic properties of carbon nanotubes have made them extremely popular and is driving the carbon nanomaterials Market. Carbon nanotubes and fullerenes have significant properties that make them different from other forms of carbon such as diamond or graphite. Applications of fullerenes include 10 films, superconductivity, and supramolecular assembly and this is fuelling the growth of the global carbon and materials market. Today carbon nanomaterials are finding applications across the aerospace and aviation industry, automotive, electronics, energy, defence, medicine, sports, plastics and telecommunications industries.
On the basis of end-user application, the global carbon and materials Market is segmented into telecommunication, Sports, plastic, defence, medicine, Electronics, energy, Aviation, automotive, and aerospace. Among these, it is anticipated that the electronics segment will continue to be the key consumer of carbon nanomaterials materials Anaconda the stupendous increase in demand for electronics worldwide. The defence and automotive sectors will also witness high growth during the forecast period. The energy and aerospace sector on the other hand are still vastly untapped and therefore offered immense growth opportunities for the carbon nanomaterials market.
By geography, the global carbon nanomaterials Market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. Among these, Asia Pacific is currently leading and is expected to continue to lead in the years to come on account of the high demand for carbon and materials in emerging Nations such as India and China. The electronics, automotive, and defence sectors are the three and use Industries which are creating a heightened demand for carbon nanomaterials in Asia Pacific. Other factors which are growth of the Asia Pacific carbon nanomaterials market include growing concerns over the fence about the securities and Rising disposable incomes of the people.
Europe is also anticipated to witness promising growth within the carbon and materials Market on account of the well-established automotive sector. On the other hand, the market in North America is growing due to end-use industries such as electronics, defence, and automotive, which are demanding carbon and materials extensively. The market in Latin America witness a steady growth rate in the years to come. The Middle Eastern Africa will emerge as an extremely lucrative regional market for carbon and materials on account of the growing investments in the defence sector by GCC countries. the growth of the automotive sector in South Africa will also drive the growth of the carbon nanomaterials market in the region.
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The report profiles prominent players operating within the global carbon nanomaterials Market. The names of these players are Ahlstrom Corporation, Hollingsworth & Vose, E. I. du Pont de Nemours and Company, and Kuraray Co., Ltd.