Global Glassy Carbon Market - WishTree Insight

Global Glassy Carbon Market by Synthesis (Low-Temperature Synthesis and High-Temperature Synthesis), Application (Surgical Implants, Electrode Material, Temperature Management, Semiconductors & Electronic, and Others), and Regions, The Asia Pacific, Middle East Africa, Europe, North America, and Latin America) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2022 – 2032

The Glassy Carbon market size was valued at USD 82.6 million in 2022 and is expected to surpass USD 119.2 million by 2032, expanding at a CAGR of 3.9 % during the forecast period, 2022–2032. The market's growth is attributed to high demand as an electrode material in electrochemistry, electrical & electronics applications, and others.

INTRODUCTION

Glassy Carbon is a material that is made by carbonizing a polymer at high temperatures. The resulting material is a highly cross-linked carbon structure that is extremely hard and brittle. It has a very low coefficient of thermal expansion, high thermal conductivity, and excellent chemical resistance. Glassy Carbon is often used in applications such as electrical insulation, high-temperature furnace components, and as an electrode material in electrochemistry.

Market Trends, Drivers, Restraints, and Opportunities

• Increasing demand for consumer electronics has surged the popularity of electrochemical coating applications where glassy carbon which is driving the market growth.
• Rising disposable income, rapid growth in population, and increase in urbanization have created lucrative demand for the global glassy carbon market.
• Rising demand for integrated circuits, sensors, semiconductors, and other electronic devices of aircraft due to their ultra-strong, lightweight, elastic, and electrically conductive properties is anticipated to boost the market growth.

Scope of the Report

Market Segment Insights

The high temperature segment is projected to register a considerable CAGR of 3.9%

Based on synthesis, the glassy carbon market is bifurcated into low temperature synthesis and high temperature synthesis. The high-temperature segment is expected to expand at a rapid pace during the forecast period owing to the physical behavior of glassy carbon and other advantages such as greater polarity, elastic modules, wettability, better resistance to oxidation, and lower permeability to gases.

The electrode material segment is expected to expand at a rapid pace

Based on application, the glassy carbon market is divided into surgical implants, electrode material, temperature management, semiconductors & electronics, and others. A rise in R & D activities coupled with rapid technological advancements is driving the development of fuel cells, batteries, and other materials. This is expected to drive rapid growth in the electrode material segment during the forecast period.

The Asia Pacific region is anticipated to constitute a key market share

In terms of regions, the glassy carbon market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of the Asia Pacific region is expected to constitute a key share of the market during the projected period owing to the proliferating demand for glass-like carbon from various end-use industries. However, the market of Europe and North America is anticipated to expand at a rapid pace during the forecast period.

Competitive Landscape

Key players competing in the Glassy Carbon market are Redoxme AB (Sweden); Merck KGaA (Germany); Tokai Carbon (Japan); XRD Graphite Manufacturing Co.Ltd (China); Bioanalytical Systems, Inc. (U.S.); Wuhan Corrtest Instruments Corp., Ltd (China).

FAQs

How much is the market worth?

The Glassy Carbon market size was valued at USD 82.6 million in 2022 and is expected to surpass USD 119.2 million by 2032.

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is expected to be 3.9%.

What are the key drivers of the market?

The market's growth is attributed to high demand as an electrode material in electrochemistry, electrical & electronics applications, and others.

What segments are covered in the Glassy Carbon report?

The segments covered in the report are synthesis (low-temperature synthesis and high-temperature synthesis), application (surgical implants, electrode material, temperature management, semiconductors & electronics, and others).

Mention which region is expected to hold the highest share of the Glassy Carbon market.

The Asia Pacific region is expected to hold the highest share of the Glassy Carbon market.

Mention the key players in the market.

Redoxme AB (Sweden); Merck KGaA (Germany); Tokai Carbon (Japan); XRD Graphite Manufacturing Co.Ltd (China); Bioanalytical Systems, Inc. (U.S.); Wuhan Corrtest Instruments Corp., Ltd (China)