Advanced Carbon Materials Market To Reach $118.27 Billion By 2033

Advanced Carbon Materials Market Growth & Trends

The global advanced carbon materials market size is expected to reach USD 118.27 billion by 2033, registering a CAGR of 29.5% from 2026 to 2033, according to a new report by Grand View Research, Inc. Growing demand for fiberglass products in construction, automotive and energy applications, as a lightweight material, is likely to have a positive impact. Furthermore, technological advancement for the development of carbon nanomaterials is expected to increase the industry penetration over the next eight years.

The carbon foams segment is projected to witness a rapid growth rate over the forecast period. This growth can be attributed to the characteristics of carbon nanofibers such as improved electrical conductivity and chemical stability. The demand is further strengthened owing to the huge demand and increase in research and development on nanofoams and fireproof foams.

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Advanced Carbon Materials Market Report Highlights

• By application, the electronics segment is expected to grow at the fastest CAGR of 30.8% over the forecast period, driven by increasing miniaturization and performance demands.

• By product, the CNT segment held the largest revenue market share of 67.5% in 2025, due to their superior electrical conductivity, mechanical strength, and thermal stability. CNTs are widely used in energy storage, composites, electronics, and aerospace applications where high performance is critical.

• Europe advanced carbon materials market dominated the respective global market and accounted for the largest revenue share of 36.9% in 2025, driven by strict environmental regulations and sustainability goals.

Advanced Carbon Materials Market Segmentation

Grand View Research has segmented the global advanced carbon materials market based on product, application, and region:

Advanced Carbon Materials Product Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• Carbon Fibers

• Structural Graphite

• CNT

• Graphene

• Others

Advanced Carbon Materials Application Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• Aerospace & Defense

• Energy

• Electronics

• Sports

• Automotive

• Construction

• Others

Advanced Carbon Materials Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• North America

  • U.S.

• Europe

  • UK

  • Germany

  • Italy

• Asia Pacific

  • China

  • Japan

  • India

• Latin America

  • Brazil

  • Argentina

• RoW

List of Key Players in the Advanced Carbon Materials Market

• Jiangsu CNano Technology Co. Ltd

• Anaori Carbon Co. Ltd

• Grupo Antolin Ingenieria S.A

• Graphenano

• Graphenea

• CVD Equipment Corporation

• Haydale Graphene Industries PLC

• Showa Denko K.K

• Mitsubishi Rayon

• Hexcel Corporation