Global Advanced Structural Carbon Products Market size was valued at US$ XX Bn. in 2019 and is
expected to grow at a CAGR of 7.12% over 2020-2026, to account for US$ XX Bn. by 2026.
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Global Advanced Structural Carbon Products Market Overview and Dynamics:
Advanced structural carbon product is manufactured from non-identical physical forms of carbon
with amorphous and graphite carbon. This product is widely used in automotive, aerospace, &
defense, energy, and other industrial purposes.
Looking forward, the global advanced structural carbon products market is projected to reach a
value of US$ XX Bn. by 2026, expanding at a CAGR of around 7.12% during 2020-2026. Thanks to the
rising demand for carbon fibers in industries such as aerospace, the automotive industry is expected
to drive the global advanced structural carbon products market growth.
Global market growth for reinforced plastics in the automotive sectors in developing countries like
India, China, and Mexico, as well as countries in the MEA, is estimated to boost demand for the
industry. Moreover, growing government funding towards nanotechnology research in China, Japan,
Germany, Netherlands, and the U.S is expected to result in the development of new advanced
nanomaterial. However, waste in the manufacture of finished products and the high costs of carbon
fiber composites are expected to hamper the overall growth of the advanced structural carbon
products market globally.
Growth Opportunities for Start-Up Companies:
The industry provides various growth opportunities. Therefore, a number of start-ups providing
advanced materials and technologies have been entering the global market. Some of them include
Designer Carbon Material, DexMat, Solerial Matusions, Boston Material, and Battrion.
Swedish startup Solerial Matusions produces an original nanoparticle additive for carbon fiber. The
compound solution from the start-up seeks to decrease the weight a