Advanced Carbon Materials Market Growth Rate And Industry Price Till, 2014 - 2024.

Advanced carbon materials industry could be explored by product type, application, and geography. The market could be explored by product type as Carbon nanotubes, Graphene, Carbon fibers, Carbon foams, and Structural graphite. The “Carbon fibers” segment led the advanced carbon materials market in 2015 and is anticipated to maintain its dominance by 2024. The key factors that could be attributed to the growth of market include extensive usage in the construction industry for bridge construction and building construction, precast concrete panels, low thermal expansion, excellent stiffness, high tensile strength, and good temperature tolerance.

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The key applications that could be explored in the advanced carbon materials industry include Energy, Aerospace & Defense, Sports, Electronics, Construction, Automotive, and Others. The “Aerospace & Defense” segment led the advanced carbon materials market in 2015 and is anticipated to maintain its dominance by 2024. The key factors that could be attributed to the growth of the market include increasing investments in electric vehicles in India and China. Aerospace & Defense segment is followed by Automotive sector owing to increasing vehicle manufacturing production in developing markets including India, China, Iran, and Mexico.

Asia-Pacific accounted for the major market share of advanced carbon materials in 2015 and will continue to lead in the forecast period. The factors that could be attributed to the growth include an increase in automotive manufacturing facilities in India, China, Thailand, and Indonesia, and growing demand for travel. Asia-Pacific would be followed by the European region in the forecast period.

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