Hard Carbon Material Market By Type (Coal Tar Source, Natural Plant Source, Resin Source, Others) By Application (Power Battery, Digital Battery, Energy Storage Battery) - Growth, Future Prospects & Competitive Analysis, 2016 - 2028

The global hard carbon material market report examines a vital analysis of the hard carbon material industry based on key parameters. The report consists of investment strategies, the necessity of investing in the hard carbon material industry, and the multiple benefits it brings to investors. Importantly, the report presents the major changes in global technical regulations impacting the hard carbon material industry, explaining how economic and non-economic barriers support the growth of the hard carbon material market. In addition, this report analyzes historical and forecast market size at the global, regional, and country levels. The report also provides a comprehensive analysis of key investment propositions, demand-supply gap, competitor positioning, STAR analysis, SRC analysis and Tornado analysis. Key technology developments and other analyses include Porter's Five Forces Analysis, PESTEL Analysis, Value Chain Analysis, among others.

Key Highlights of the report

How are the major segments performing in the hard carbon material market?

• In 2021, the coal tar source segment was expected to hold a significant revenue share in the market over the coming years. The primary source of aromatic chemicals is coal tar. It is made by chilling the gas produced during the destructive distillation of coal to a temperature close to that of the surrounding air.
• In 2021, the energy storage battery segment was anticipated to grow at a significant CAGR in the next few years. Systems for storing energy in batteries rely on secondary batteries, which can be charged and discharged repeatedly without harm.

Which region dominated the hard carbon material market?

In 2021, Asia-Pacific dominated the hard carbon material market owing to rising demand from coal industries the emerging economies such as Japan, China, and India. The rapid growth of chemical industries in the emerging countries of this region is also responsible for the growth of hard carbon material in Asia-Pacific.

How is U.S. Market performing in the hard carbon material market?

In 2021, the region of the united states was anticipated to hold a significant share of the hard carbon material market. This growth is ascribed to the country's favorable government regulations and increasing R&D activities. The growing usage of automotive vehicles by consumers in this country fuels the demand for hard carbon material among automotive battery manufacturers, which drives the market growth in the United States.

What is the competitive environment of the hard carbon material market?

The competitive environment of the hard carbon material industry provides information on the total economic profit made by vendors and companies, the sales and revenues generated in this sector, the global hard carbon material market share, the business organization summary, the launch of new products, and the possibilities for the hard carbon material market.

Executive Summary

How hard is carbon material used in sodium-ion batteries?

Due to the abundance of sodium resources, sodium-ion batteries (SIBs) are currently receiving a lot of interest for application in large-scale energy storage. However, low-cost, high-performance electrode materials must be developed to make sodium-based batteries more widely available. Thankfully, several high-performance cathode materials for SIBs, including layered oxides (specifically, P2- and O3-type layered oxides), tunnel-type oxides, phosphates, and sulfates, have been identified. Due to their inexpensive cost and ease of manufacture, Prussian blue equivalents with a high reversible capacity (R.C.) of about 160 mA g-1 are particularly suitable for commercial applications. Recent research has focused on high-capacity P2-type and high-voltage polyanionic O3-type cathode materials for SIBs. These materials exhibit specific capacities comparable to those of the current commercial cathodes used in lithium-ion batteries (LIBs), which are used for small-scale commercial applications, such as hand-held devices like smartphones and tablets.

Which are the key investments by the hard carbon material market players?

Leading players operating in the hard carbon material market focus on technological advancements in the hard carbon material selling platforms. Apart from this, players are concentrating on strategic mergers and acquisitions, collaborations, and creating awareness among the businesses via various advertisement campaigns and awareness programs for helping the manufacturers to promote the usage of hard carbon in the industry, which further helps the manufacturers in global hard carbon material market to gain a competitive edge. Private equity companies, venture capitalists, and strategic partners have invested in the hard carbon material industry. With a long-term perspective, savvy investors may recognize the potential for hard carbon material to provide large returns on their investment in this industry.Some major hard carbon material market players are 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.  

What are the major driving factors for the hard carbon material market?

During the forecast period, the expanding electronics industry is one of the major drivers of the global hard carbon material market. Moreover, the lithium-ion battery has many uses due to its superior energy storage characteristics in the mobile communication, information technology, consumer electronics, and automobile industries. Advanced lithium-ion batteries must have a higher capacity, improved rate performance, and longer service life. As a result, it fuels the demand for hard carbon material for lithium-ion batteries in automotive industries, particularly in electric vehicles. Such factors are predicted to boost the overall growth of the global market in the coming years.

What are the major risks for the hard carbon material market?

However, the high cost of the production process is expected to hamper the hard carbon material market growth over the forecast period. The lack of resources is another key factor impeding market growth in the coming years.

Which is the key application in the hard carbon material market?

The coal tar source segment is expected to hold a significant share in the market over the coming years. The primary source of aromatic chemicals is coal tar. It is made by chilling the gas produced during the destructive distillation of coal to a temperature close to that of the surrounding air. It is a dark, viscous liquid predominantly made of an intricate blend of condensed-ring aromatic hydrocarbons.

How is the hard carbon material market performing in regions?

In 2021,  Asia-Pacific led the hard carbon material market due to increased demand from coal industries in emerging nations such as China, Japan, and India. The rapid expansion of the chemical industry in this region's rising countries is also responsible for the increase in hard carbon material in Asia-Pacific. On the other side, North America is expected to grow at a significant CAGR in the next few years, owing to a rise in demand from the automotive industry. The U.S. is the second largest market for the back carbon industry.

What is the market size of hard carbon material regarding value?

The global hard carbon material market is anticipated to grow at a significant CAGR of XX% during the forecast period. The global hard carbon material industry was estimated to be worth USD XX million in 2021 and was expected to be worth USD XX million by 2028.

What are the major players planning for the future of the hard carbon material market?

Growing regional existence and investment in downstream applications are anticipated to deliver a competitive edge in the market. Various new product launches and rapidly increasing research & development activities are expected to create several opportunities for the industry players in the market in future years. Integrating advanced technology in the production process is one of the major plans for the future to sustain itself in the competitive market.

Segmentation of Global Hard Carbon Material Market-

Global Hard Carbon Material Market – By Type

• Coal Tar Source
• Natural Plant Source
• Resin Source
• Others

Global Hard Carbon Material Market – By Application

• Power Battery
• Digital Battery
• Energy Storage Battery

Global Hard Carbon Material Market – By Region

• North America
  • US.
  • Canada
• Europe
  • Germany
  • France
  • UK.
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-east Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa