Hard Carbon Material Market

The hard carbon material market is segmented on the basis of type, material, application, and region. The growing demand for carbon fiber composites is boosting the growth of the hard carbon material market. Further, the increasing use of this type of material in the aerospace and automotive industries is also expected to propel the growth of the hard carbon material market.

Many players are currently focusing on the production of carbon fiber composites due to the increasing demand from the automotive and aviation industries. With the advent of electric vehicles, a large number of companies are looking for lightweight materials that can be used in their manufacture. Moreover, there is also growing demand for other applications, such as energy storage and thermosetting resins.

Hard carbon is a solid form of carbon that cannot be converted to graphite by heat treatment, even at temperatures as high as 3000 °C. It is also known as "char" or "non-graphitizing carbon." More colloquially, it can be described as "charcoal."

The global hard carbon material market is estimated to grow at a CAGR of **% during the forecast period of 2018–2031. The market is expected to reach a value of $XX million by 2031.

Some of the key players in the hard carbon material market include JFE Chemical Corporation, Kuraray, Showa Denko, Szsinuo, Imerys S.A., Wuhan Bixidi Battery Material Co. Ltd., Indigenous Energy Storage Technologies Pvt. Ltd., Himadri Speciality Chemical Ltd., Xiamen Tob New Energy, and Stora Enso.