The global carbon nanofillers market size was USD XX in 2022 and is likely to reach USD XX by 2031, expanding at a CAGR of XX% during 2023–2031. Growing requirement to improve the thermal conductivity of polymer matrix composites is likely to boost the market.
Carbon nanofillers are tiny carbon-based particles or fibers with a diameter in the range of 1-100 nanometers. They are derived from various sources such as carbon nanotubes, graphene, carbon black, carbon fibers, and fullerenes.
Carbon nanofillers have unique physical, mechanical, and electrical properties due to their high surface area, high aspect ratio, and quantum confinement effects. They have excellent thermal and electrical conductivity, high strength, and are lightweight, making them attractive for various applications in fields such as electronics, aerospace, energy, and automotive industries.
These nanofillers are used as additives to enhance the mechanical, electrical, and thermal properties of polymers, metals, and ceramics. For example, they are added to polymer matrices to make stronger and more conductive composites or to metal matrices to improve their wear resistance and thermal conductivity.
Carbon nanofillers are being studied for their potential use in energy storage devices such as batteries and supercapacitors, due to their high surface area and excellent electrical conductivity. They can be used in catalysts, sensors, and biomedical applications.
Carbon Nanofillers Market Dynamics
Major Drivers
Increasing awareness regarding the benefits of nanofillers among manufacturers is likely to boost the market. It improves the composite’s mechanical, electrical, and thermal properties. Furthermore, growing investments in research activities for developing new applications are expected to drive the market. Rising demand for nanotechnology enabled products in several end-user industries, which is expected to fuel the market.
Restraints
Fluctuating raw material prices and adverse effects on users restrain the carbon nanofiller market. Moreover, the high manufacturing cost is likely to hinder the market.
Scope of Carbon Nanofillers Market Report
The market report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Carbon Nanofillers Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Type (Synthetic Graphite, Synthetic Diamonds, Carbon Black, Adsorbent Carbon, Glassy Carbon, and Others) and Application (Electrodes & Electrical Contracts, Cutting Wheels, Lubricants, Helium Gas Barrier, Aircraft & Spacecraft Composites, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
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Key Players Covered in the Report
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Reade International Corp.; Akzo Nobel N.V.; Nanostructured & Amorphous Materials, Inc.; Intelligent Materials Private Limited; DuPont; 3M; Henkel Corporation; Toyota Central R&D Labs., Inc.; FUSO CHEMICAL CO., LTD.; NanoMaterials Technology; Hangzhou Keli Chemical Co., Ltd.; Galaxie Corporation; Shenzhen Nanotech Port Co., Ltd.; and Nano Science and Technology Institute
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Carbon Nanofillers Market Segment Insights
Based on type, the carbon nanofillers market is divided into synthetic graphite, synthetic diamonds, carbon black, adsorbent carbon, glassy carbon, and others. The carbon black segment is expected to expand at a significant pace during the projection period. It is a low-cost nanofiller nanocarbon. Carbon black improves its chemical stability and electrical & mechanical properties of the polypyrrole (PPy) matrix.
On the basis of application, the global market is segregated into electrodes & electrical contracts, cutting wheels, lubricants, helium gas barrier, aircraft & spacecraft composites, and others. The electrodes & electrical contacts segment is projected to register a considerable CAGR during the forecast period. They are widely used in applications such as microelectronics, biosensors, sensors, biomedical, and coatings, due to their excellent magnetic, electrical, and optic properties.
The aircraft & spacecraft composites segment is anticipated to hold a key share of the market in the coming years, owing to the rising demand for carbon fillers for making durable aircraft parts. Carbon nanofillers are widely used to increase mechanical and physical properties, which improve the strength characteristics of composite materials.
In terms of region, the global carbon nanofillers market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to dominate the market during the projection period, due to the rapid industrialization and increasing manufacturing sector, especially in China. The growth of the market in the region is attributed to the growing automobile sector, increasing construction activities, and innovative new technologies.
Segments
The global carbon nanofillers market has been segmented on the basis of
Type
- Synthetic Graphite
- Synthetic Diamonds
- Carbon Black
- Adsorbent Carbon
- Glassy Carbon
- Others
Application
- Electrodes & Electrical Contracts
- Cutting Wheels
- Lubricants
- Helium Gas Barrier
- Aircraft & Spacecraft Composites
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Reade International Corp.
- Akzo Nobel N.V.
- Nanostructured & Amorphous Materials, Inc.
- Intelligent Materials Private Limited
- DuPont
- 3M
- Henkel Corporation
- Toyota Central R&D Labs., Inc.
- FUSO CHEMICAL CO., LTD.
- NanoMaterials Technology
- Hangzhou Keli Chemical Co., Ltd.
- Galaxie Corporation
- Shenzhen Nanotech Port Co., Ltd.
- Nano Science and Technology Institute
Competitive Landscape
Key players operating in the global carbon nanofillers market are Reade International Corp.; Akzo Nobel N.V.; Nanostructured & Amorphous Materials, Inc.; Intelligent Materials Private Limited; DuPont; 3M; Henkel Corporation; Toyota Central R&D Labs., Inc.; FUSO CHEMICAL CO., LTD.; NanoMaterials Technology; Hangzhou Keli Chemical Co., Ltd.; Galaxie Corporation; Shenzhen Nanotech Port Co., Ltd.; and Nano Science and Technology Institute.
These players adopt various strategies including acquisitions, mergers, product launches, collaboration, partnerships, and production expansion to increase their global presence.