SAN FRANCISCO, October 18, 2016 /PRNewswire/ --
The global advanced carbon materials market is expected to reach USD 5.29 billion by 2024, according to a new report by Grand View Research, Inc. Growing demand for fiberglass products in construction, automotive and energy applications, as a lightweight material, is likely to have a positive impact. Furthermore, technological advancement for the development of carbon nanomaterials is expected to increase the industry penetration over the next eight years.
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The demand for graphene was 481.2 tons in 2015 and is projected to witness growth in light of its increasing usage as a protective coating for manufacturing flexible electronic devices and smartphones. In addition, companies are focusing on innovation to develop products catering to niche applications. In June 2015, Sweden-based Graphensic developed a new graphene-derived resistance standard measurement kit which is capable of observing Quantum Hall effect at high temperature and low magnetic temperature.
Browse full research report with TOC on "Advanced Carbon Materials Market Analysis By Product (Carbon Fibers, Graphene, Carbon Nanotube, Structural Graphite, Carbon Foams) By Application (Aerospace & Defense, Energy, Electronics, Sports, Automotive, Construction) And Segment Forecasts To 2024" at: http://www.grandviewresearch.com/industry-analysis/advanced-carbon-materials-market
Further key findings from the report suggest:
Browse related reports by Grand View Research:
Grand View Research has segmented the global advanced carbon materials market by product, application, and region:
Access research Insight: http://www.grandviewresearch.com/research-insights/advanced-carbon-materials-industry-increasing-expenditure-on-nanotechnology-research-expected-to-open-new-opportunities
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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