Glassy Carbon Market Size, Share, Growth, and Industry Growth by Type (Service Temperature Below 1100°C and Service Temperature Above 2000°C) By Application (Glassy Carbon Crucibles, Glassy Carbon Plate, Glassy Carbon Rods, Glassy Carbon Disks, and Others) Regional Forecast To 2031

Updated On: 01 April 2024

Glassy Carbon Market Report Overview

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The global glassy carbon market size was USD 92.29 million in 2021 and the market is projected to touch USD 122.02 million by 2030, exhibiting a Compound annual growth rate (CAGR) of 3.11% during the forecast period.

Glassy carbon is often called as glass-like carbon or vitreous carbon. It has equally ceramic and glassy properties. The product has several important properties, such as low electrical resistance, low density, high-temperature resistance, low friction, and extreme resistance to check.

A rise in the popularity of electrochemical coating applications and the increased need for consumer electronics is anticipated to flow market growth. Increased urbanization and rapid industrialization are expected to fuel market growth. The product has several benefits, such as low electrical resistance, low density, high-temperature resistance, low friction, and extreme resistance to check. These features are estimated to expand market performance. Increase in disposable income and massive demand for advanced & regular electronic devices such as televisions, smartphones, washing machines, etc. Further, the product is lightweight, ultra-strong, elastic, and electrically conductivity, making it ideal for sensors, circuits, other electronic devices of aircraft, and semiconductors. Such features of the glass-like carbon are estimated to surge market growth in the upcoming years. On the contrary, highly sophisticated carbon production progress is estimated to hamper the market growth. High costs associated with isolated chambers used during heat treatment are predicted to obstruct market growth in the upcoming years.

COVID-19 Impact: Closure of Manufacturing Units to Hamper Market Progress

The novel coronavirus has spread to over 180 countries which caused huge lives and economic loss worldwide. Closure of automotive, electronics, and aerospace sectors to reduce market growth. The shutdown of manufacturing units and travel restrictions hamper market growth.

On the contrary, the rise in sales of laptops, smartphones, and other electronic devices fueled market progress.

LATEST TRENDS

"Upward Demand for Chemical Laboratory to Surge Market Growth"

Growing demand for chemical laboratories and increased need for laboratory equipment is anticipated to flow market growth. Carbon is specially used for manufacturing crucibles due to its high temperature resistance. Further, the product has several benefits, such as low electrical resistance, low density, high-temperature resistance, low friction, and extreme resistance to check. These features are estimated to boost market performance. The rise in the adoption of product in electrochemistry and extensive use of the product is predicted to surge market growth in the forthcoming years. Rapid technological advancements and increased R&D activities for developing batteries, fuel cells, and other materials are projected to fuel market growth. Increased electrochemical applications are anticipated to surge market growth. In addition, the product is used in measuring laboratory equipment and manufacturing laboratory equipment, which is expected to fuel market progress.

Glassy Carbon Market Segmentation

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• By Type

Based on type, the market is divided into service temperature above 2000°C and service temperature below 1100°C.

Service temperature below 1100°C is expected to be the top part of the segmentation type.

• By Application

Based on the application, the market is divided into glassy carbon plate, glassy carbon crucibles, glassy carbon disks, glassy carbon rods, and others.

Glassy carbon crucibles are expected to be the top part of application segmentation.

DRIVING FACTORS

"Several Properties of the Carbon to Surge Market Growth"

Glassy carbon has several important properties, such as extreme resistance to chemical attack, high-temperature resistance, and impermeability liquids and gases. It is widely used as an electrode material in electrochemistry and has lower fracture toughness. Further, the product is lightweight, ultra-strong, elastic, and electrically conductivity which makes it ideal for sensors, circuits, and other electronic devices of aircraft and semiconductors. Such features of the product are estimated to surge market growth in the upcoming years. Further, the product has several benefits, such as low electrical resistance, low density, high temperature resistance, low friction, and extreme resistance to check. These features are estimated to fuel market performance.

"Increased Demand for Electrode Material to Foster Market Growth"

The rise in popularity of electrochemical coating applications and the increased need for consumer electronics is anticipated to surge market growth. The product is used in electrode material for its electrical conductivity, and superior thermal is predicted to fuel market growth. It is used for the analysis of electrochemical characteristics of liquids, chemicals, and other substances. These features are anticipated to surge market growth. Increased urbanization and rapid industrialization are expected to fuel market growth in the forthcoming years.

RESTRAINING FACTORS

"Complex Progress and High Cost Associated with the Product to Limit Market Growth "

Highly sophisticated progress in production of the product is estimated to hamper market growth. High costs associated with isolated chambers used during heat treatment are predicted to obstruct market growth in the upcoming years.

Glassy Carbon Market Regional Insights

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"Growth in the Semiconductor and Electronics Industry in Asia Pacific to Drive Market Share "

Asia Pacific is anticipated to account for glassy carbon market share due to growth in the semiconductor and electronics industry. Increased need for the product in manufacturing aircraft components is anticipated to fuel market growth. The product is used in manufacturing aircraft components for its lightweight and high thermal resistance properties. These features are anticipated to fuel market growth in the upcoming years.

North America is expected to witness significant market growth due to increased urbanization and rapid industrialization. The presence of leading aircraft manufacturers in the region is projected to propel market growth. Rapid technological advancements and an increase in R&D activities for developing batteries, fuel cells, and other materials are projected to fuel market growth. Increased electrochemical applications are anticipated to surge market growth.

KEY INDUSTRY PLAYERS

"Leading Players Adopt New Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• SPI Supplies (U.S.)
• Mersen (France)
• NEYCO (France)
• Tokai Carbon (Japan)
• HTW Hochtemperatur-Werkstoffe (Germany)
• Alfa (Russia)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.