Global Carbon Quantum Dots Market Expected to Reach USD 1,697.5 Million by 2031

According to a recent market study published by Growth Market Reports, titled, “Global Carbon Quantum Dots Market, By Type, By Form, By Application, By Distribution Channel, and By Region: Size, Share, Trends and Opportunity Analysis, 2016-2031”, the market was valued at USD 111.3 Million in 2022 and is expected to expand at a growth rate of 36.8% by 2031.

According to the Growth Market Reports industry analyst, the global carbon quantum dots market is anticipated to register significant growth during the forecast period, 2022-2031. Increasing demand from biomedical applications globally is driving the market. The rise in the solar industry across the globe is supporting the market growth.

Carbon quantum dots (CQDs) are zero-dimensional (0D) quasi-spherical carbon nanomaterials with a size range of 1 to 10 nanometers (nm). The market was negatively affected during the pandemic. However, it is reviving at a significant pace from 2022.

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Carbon quantum dots, also known as carbon dots (CDs, CQDs, or C-dots) or graphene quantum dots (GQDs), have similar physical properties and chemical structures to graphene oxide. CQDs were accidentally discovered during single-wall nanotube purification in 2004 and have been defined as quasi-spherical, discrete, highly fluorescent, and water-soluble nanomaterials. They consist of carbon clusters with several other atoms such as oxygen, nitrogen, phosphorus, and sulfur.

Carbon quantum dots are a new class of carbon nanoparticles that have attracted much attention as a prospective substitute for conventional semiconductor quantum dots due to their excellent chemical stability, optical absorptivity, and facile synthesis. Characteristically, CQDs are quasi-spherical nanoparticles composed of amorphous to crystalline carbon bases.

They have the potential to replace majority of the metal-based quantum dots that are toxic. CQDs are used in several applications such as medical diagnosis, biosensing, bioimaging, photocatalysis, photovoltaic devices, and chemical sensing. Primary and secondary research methodology is used for keen observation and study of the global carbon quantum dots market.

Primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects. Primary interviews are conducted with stakeholders across industry verticals at regular intervals in line with the ongoing studies and to be updated with the latest market trends & developments.

Validation of the estimated market size and current and future trends is done by the key opinion leaders (KOLs). These KOLs are the CXO level people from key companies in the industry and possess experience of around 10-20 years in the industry. The secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights, and other KPIs.

Company websites, their SEC filings, annual reports, broker & financial reports, and investor presentations are scanned to understand the competitive scenario, details & developments, and the overall competitive landscape. Regional government and statistical databases are analyzed for macro & micro analysis. Research publications and paid data are referred to obtain and validate the market estimations, budget, expenditure, and other statistical insights.

The COVID-19 pandemic has highlighted economic disparities in the global demand in the crisis of global interdependence and governance challenges. Pandemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities. Strict measures are required for monitoring the pandemic, which affected businesses and caused unanticipated short and long-term effects.

Consequently, pandemics are problems for individual market and an enhancement of existing dynamics and limitations. In the long-term, COVID-19 serves as an opportunity for manufacturers to reconsider their commitment to the supply chain in regions prone to outbreaks and to reconfigure themselves regionally. In the present scenario, COVID-19 is hampering the production process of several manufacturing industries and businesses.

Moreover, trade barriers are further reducing the demand-supply of various products and services. However, reduction in outdoor activities and social distancing has created lucrative opportunities for the market.

Key Takeaways from the Study:

• Key market players include QuantumDotz, American Elements, Ossila, Nanorh, NANOCHEMAZONE, CD Bioparticles, and Aritech Chemazone Pvt. Ltd.

• On the basis of type, the carbon nanodots (CNDs) segment held a major market share in 2022 and is projected to expand at a significant rate during the forecast period. CNDs are more biocompatible than other types. Factors such as good photoluminescence, stability, simple green manufacturing, and easy surface modification of CNDs contribute to the revenue generated from the segment.

• On the basis of form, the liquid segment held a major market share in 2022 and is projected to expand at a significant rate during the forecast period. Liquid has a catalytic effect on the CQDs offering advantages, such as high quantum yield, uniform particle size, and good fluorescence performance, resulting in the segment growth.

• On the basis of application, the bioimaging and biomedicine delivery systems segment held a major market share in 2022 and is projected to expand at a significant rate during the forecast period. Bioimaging and biomedicine drug delivery applications are increasing, due to advancements in technology and research. With the help of bioimaging, doctors and researchers are able to visualize the internal structures of the body and diagnose diseases at an early stage. Moreover, drug delivery systems have become increasingly efficient and targeted, which has led to improved treatment outcomes and only a few side effects. These advancements have opened up new possibilities for the treatment of various diseases, including cancer, diabetes, and cardiovascular diseases.

• On the basis of the distribution channel, manufacturer segment holds major market share. End-users prefer to buy carbon quantum dots from manufacturers as manufacturers are the primary source of the product, and they have a better understanding of the product’s quality, specifications, and applications. They can also provide technical support and after-sales service, which is essential for end-users who may not have the expertise to handle the product themselves. Additionally, manufacturers can offer customized products that meet the specific requirements of end-users.

• Based on region, the global carbon quantum dots market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

The Carbon Quantum Dots market in North America is expected to held major market share due to the growing demand for efficient and environmentally friendly quantum dot-based materials, increasing adoption of CQDs in electronic and optoelectronic devices, and advancements in nanotechnology and material science. Additionally, the quick adoption of quantum dots technology electronics in North America is also contributing to the market’s growth in the region.

Scope of Carbon Quantum Dots Market Report

Target Audience:

• Supply-side: Raw material suppliers and Manufacturers  

• Demand Side: Industrial sectors

• Regulatory Side: Concerned government authorities and other regulatory bodies