Carbon Nanorod Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Carbon Nanorod Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Chemicals

Report Description

Carbon Nanorod (CNR) is a nanostructure that is approximately 10 to 120 nanometers (nm) wide, over a surface area of 30 to 70 meter square grams. It is a filling that is a by-produced of carbon nanotube (CNT). These nanostructures are lightweight materials and it is thus expected to grow in the aerospace, electronics and defense industries. Moreover, properties such as high tensile strength, high electrical and thermal conductivity, flexibility, fracture toughness, and wear resistance increases the growth of the overall market.

Demand of carbon nanorods from end-use industries is increasing due to their rising commercialization, improved quality, and developed products. End-user industries such as electronics and aerospace offer high growth opportunities to the carbon nanorod market, as nanorods are lightweight and have high mechanical strength. Additionally, technological advancement, high investment in the research and development by manufacturers, and improved quality are the trends in carbon nanorod market. However, the availability of substitutes, high cost, and processing difficulties are likely to hamper the expansion of the market.

In terms of application, the carbon nanorod market can be segmented into energy generation, medicine, electronics, polymer, and others. Carbon nanorod is widely employed in the polymer industry. Most manufacturers of polymers find nanorods as an excellent option to improve the quality of their current product in terms of tensile strength and elasticity. These better-quality polymers increase the demand for carbon nanorods in several industries where traditional steel and glass can be replaced by lightweight polymers.

The short-term applications of carbon nanorods include conductive polymers and composites in the automotive and electronics industry, electromagnetic shielding, and sporting goods. The medium- to long-term market applications of carbon nanorods include medical implants, drug delivery, and lithium batteries. For instance, the improved mechanical properties in epoxy carbon fiber composites, which are used in the sports industry, can also be used in the construction of aircraft and wind power generators.

In terms of form, the carbon nanorod market can be segmented into diamond nanorod and graphite nanorod. In the diamond nanorod form, the carbon atoms are bonded tetrahedrally, i.e., a strong three-dimensional network, whereas in the graphite form carbon atoms are bonded in a two-dimensional network. The diamond form of carbon nanorods are anticipated to have high demand in the market, as they possess excellent features such as resistance to fracture, wear resistance, and toughness. These properties satisfy the needs of various industries where carbon nanorods are utilized such as aerospace, electronics & electrical, and polymers.

In terms of geography, the carbon nanorod market has been segregated into North America, Asia Pacific, Europe, Middle East & Africa, and Latin America. In terms of demand for carbon nanorod products, Asia Pacific is anticipated to dominate the carbon nanorod market. Rising demand for lightweight materials and improved quality products for the energy, electrical & electronics, composites and other end-use segments is boosting the carbon nanorod market in the region. North America and Europe are considered as key regions due to the technological advancements and research & development activities in these regions. The presence of emerging economies in Latin America and Middle East & Africa is also fuelling the carbon nanorod market in these regions. Increase in potential applications of carbon nanorods is anticipated to fuel its demand, which in turn is expected to propel the market during the forecast years.

Most key players are investing significantly in the research and development of carbon nanorods, while simultaneously expanding production capacities, which in turn is estimated to boost the overall market. Key players operating in the market include Showa Denko K.K., Nanocyl SA, Hanwha, Raymor, OCSiAl, Klean Industries, Thomas Swan & Co. Ltd, Kumho Petrochemical, and Arkema.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market 

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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