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Hard Carbon Material Market is Expected to Reach $26.8 billion by 2032
Published : January 2023

According to a market report, published by Sheer Analytics and Insights, The global hard carbon material market was valued at $2.3 billion in 2021 and it is expected to reach $26.8 billion at a CAGR of 24.9% between 2022 and 2032. Hard carbon is a type of solid carbon that cannot be heated through to graphite, not even at temperatures as high as 3000 C. An important factor driving the expansion of the worldwide hard carbon market is the expanding electronic sector. Superplasticizers, accelerating admixtures, retarding admixtures, water-proofing admixtures, air-entraining admixtures, fly ash, silicate fume, plasticizers, and others are the different product categories that make up the market. The hard carbon market is divided into residential and non-residential segments based on application. However, as fuel-cell batteries evolve, the volumetric capacity and early Coulombic efficiency are crucial components that will hasten the commercialization of Na-ion batteries.

To enable the improvement of these parameters, several hard carbon aspects that are rarely addressed, such as tapped density and electrode porosity after calendaring, were investigated with their physicochemical properties and electrochemical performance. This was done by employing a variety of durable, scalable, controlled-property-produced hard carbon spheres. Moreover, the lithium-ion battery has a wide range of uses in the fields of mobile communication, information technology, consumer electronics, and mobile automotive because of its excellent energy storage characteristics. These major factors are estimated to drive market growth during the forecast period.

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Furthermore, the chapter also provides the reader with crucial details about the potential future challenges to the market for hard carbon materials. This study paper has explored several factors, including shifting land, labor, and production costs, environmental concerns, new government regulations, and trading standards. Analysts have also offered their perspectives on any prospective growth prospects in the market for Hard Carbon Material on a global scale. It provides a fresh perspective on how to transform the dangers into workable solutions to give the company a fighting chance. These rising factors are projected to create more growth opportunities for the hard carbon material market globally. 

The hard carbon material market's competitive environment offers data on the total economic profit made by suppliers and companies, the sales and revenues produced in this industry, the global hard carbon material market share, a summary of the business organization, the introduction of new products, and market prospects.

Some new developments in the global hard carbon material market:

  • The study paper "Carbon Capture to Achieve Net Zero Emission Target by 2070" is published by NITI Aayog. The role of Carbon Capture, Utilization, and Storage becomes important as a reduction strategy to achieve decarburization from the hard-to-abate sectors. India has updated its NDC targets for achieving 50% of its total installed capacity from non-fossil-based energy sources, 45% reduction in emission intensity by 2030, and taking steps toward achieving Net Zero by 2070.    
  • Carbinox, a premium smart watch company, just unveiled redesigned watch packaging. The business is also pleased to introduce a new range of watch packaging.
  • The first commercially viable driver-optional, electric smart tractor, the founder series MK-V, was put into production by Monarch Tractor. In addition to lowering their carbon footprint, farmers would benefit from improved field safety, streamlined farming practices, and higher profits.
  • A new energy transition consultancy was introduced by Penspen. The multinational energy services firm Penspen has announced the opening of its specialized energy transition consultancy, a multidisciplinary center of expertise that will guide the global energy sector toward net zero emissions.                                       

According to the study, key players dominating the global hard carbon material market 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., among others are leading the global hard carbon material market.

The Global Hard Carbon Material Market Has Been Segmented Into:

The Global Hard Carbon Material Market – by Type:    

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

The Global Hard Carbon Material Market – by Application Type:

  • Power Battery
  • Digital Battery
  • Energy Storage Battery
  • Others

The Global Hard Carbon Material Market – by Regions:

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The U.K.
    • France
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • Australia
    • Rest of Asia Pacific
  • Middle East
    • Saudi Arabia
    • UAE
    • Others
  • Latin America
    • Brazil
    • Chile
    • Others
  • Africa
    • South Africa
    • Egypt
    • Other

Browse the full report at https://www.sheeranalyticsandinsights.com/market-report-research/hard-carbon-material-market-21

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