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Latest TMR Report Explores Impact of COVID-19 Outbreak on Nanostructured Carbon Composites Market

Nanostructured carbon composites are multiphase solid materials having allotropes of carbon. They possess cylindrical nanostructure. Carbon composites are employed in nanotechnology, electronics, optics, and other fields of material science and technology due to the various attributes exhibited by carbon molecules. Fullerene, graphene, carbon nanotubes, and carbon nanofiber are some nanostructured carbon composites. They are nothing but one, two, or three dimensional allotropes of carbon. They are exceptionally strong and exhibit high stiffness. Graphene is about 200 times stronger than steel. Carbon nanotubes possess high level of strength. Nanostructured carbon composites are good conductors of heat and electricity; therefore, they are extensively used as additives in a wide range of structural materials such as golf clubs, baseball bats, car parts, damascus steel, etc. They are employed in numerous applications in end-user industries such as electronics, bio-medical, aerospace, construction, automotive etc. owing to the different attributes exhibited by them.

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In the electronics industry, nanostructured carbon composites are employed in a number of material or device applications such as solar cells, light-emitting diodes, and touch panels of smartphones. They are also highly engaged to manufacture supercapacitors used to store energy. Supercapacitors can act as a substitute to the conventional electrolytic batteries, as they possess numerous advantages over the latter, such as less time required for charging, longevity, and eco-friendly production process. Supercapacitors are extensively employed in the automotive industry as replacement for lithium-ion batteries or for regenerative braking. However, the production of nanostructured carbon composites is expensive than that of its substitutes. Furthermore, working with nanostructured carbon composites is difficult as they are small in size. Thus, there is always the need to find a substitute for them.

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Based on application, the nanostructured carbon composites market can be segmented into electronics, automotive, bio-medical, energy, aerospace, and others. The electronics industry at present dominates the market and is anticipated to retain its position during the forecast period. The automotive industry is expected to expand significantly in the near future. Development in the automotive and electronics industries in Asia Pacific and North America is projected to drive the nanostructured carbon composites market in these regions in the next few years.

Based on geography, the nanostructured carbon composites market can be divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Asia Pacific is projected to dominate the nanostructured carbon composites market during the forecast period, due to the expansion of end-user industries in the region. Rapid industrial, infrastructural, and economic progress in the developing countries such as India and China and rise in standard of living and disposable income of the people have boosted the demand for automobiles and electronics in these countries, which in turn, has propelled the nanostructured carbon composites market in the region. The healthcare industry is expected to develop at a steady pace in Latin America, thus driving the growth of nanostructured carbon composites in the region.

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Major players operating in the nanostructured carbon composites market are Bayer Material Science, Catalytic Materials, Emfutur Technologies, NanoAmor, Applied Sciences, Graphene Nanochem, XG Sciences, and Applied NanoStructured Solutions.

Asia Pacific is anticipated to provide ample opportunities for growth to the existing as well as new players in the market. Developing countries such as China, India, Indonesia, and Vietnam with evolving manufacturing infrastructure are expected to contribute significantly to the nanostructured carbon composites market during the forecast period.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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