Market Analysis: Carbon-Carbon Composite Material Material,
Chlor-alkali Ion Exchange Membrane Material,
Coating for 3C Market forecasted for 2023-2030
SEATTLE, WASHINGTON, USA, July 7, 2023/EINPresswire.com/ — The Carbon-Carbon Composite Material Market is expected to grow from USD 2.50 Billion in 2022 to USD 2.90 Billion by 2030, at a CAGR of 1.90% during the forecast period.The Carbon-Carbon Composite Material market has been steadily growing due to increasing demand from the aerospace and defense industries. Carbon-Carbon Composite Materials are lightweight and strong, making them ideal for use in high-performance applications where weight and strength are critical factors. Additionally, the materials have a high resistance to temperature and corrosion, which makes them an ideal choice for use in extreme environments such as rocket engines and industrial furnaces.The major factor driving the revenue growth of the Carbon-Carbon Composite Material market is the increasing demand from the aerospace and defense industries. The use of Carbon-Carbon Composite Materials in aircraft and missiles reduces their weight and increases their strength, thereby improving their performance.
There are different types of C-C composites, and Chemical Vapor Deposition (CVD) and Liquid Impregnation Process (LIP) are the two most popular methods of producing these composites. CVD involves the deposition of a carbon layer on a surface, while LIP involves the infiltration of a liquid matrix into the carbon fibers.
Carbon-Carbon composite material has numerous applications due to its high strength, durability, and resistance to extreme temperatures. It is used in the production of CZ and DSS furnaces as heating elements, in C/C grid shelving systems as support structures, and in the glass handling industry as gripper fingers. The aerospace industry utilizes it in the production of various parts like nose cones, wing edges, and brake systems. Basic C/C plate stock producing is used in missile components and in high-performance racing cars.
North America and Europe are expected to dominate the Carbon-Carbon Composite Material market during the forecast period. The report projects North America to hold the largest market share with a percentage valuation of 38.7%, followed by Europe with 34.3% in 2025.The Asia Pacific region is also expected to witness significant growth in the Carbon-Carbon Composite Material market, primarily driven by increasing demand from aerospace and defense, automotive and transportation, and energy sectors. The region is expected to hold a market share of 19.5% by 2025.Other regions, including Latin America and the Middle East, are also expected to witness growth in the market, albeit at a slower pace compared to other regions.
The Carbon-Carbon Composite Material Market is highly fragmented with numerous players operating in the market. The major players in this market are SGL Carbon, Toyo Tanso, Tokai Carbon, Hexcel, Nippon Carbon, MERSEN BENELUX, Toray, CFC Design Inc., Carbon Composites Inc., GrafTech, Schunk, Americarb, Graphtek LLC, Bay Composites Inc., Luhang Carbon, GOES, Haoshi Carbon, KBC, Jiuhua Carbon, Chemshine, Boyun, Chaoma, Baimtec, and Jining Carbon.
The sales revenue figures of a few of the above-listed companies are as follows:
– SGL Carbon: €1.1 billion in 2020
– Hexcel: $1.9 billion in 2020
– Toray: ¥1.1 trillion in 2020
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The Chlor-alkali Ion Exchange Membrane Market is expected to grow from USD 453.20 Million in 2022 to USD 510.00 Million by 2030, at a CAGR of 1.70% during the forecast period.The Chlor-alkali Ion Exchange Membrane market is expected to witness significant growth in the coming years due to the increasing demand for chlorine and caustic soda in various industries such as water treatment, pulp and paper, and chemical manufacturing. The ion exchange membrane technology enables the separation of electrolytic products without the use of a diaphragm or mercury cell, resulting in higher efficiency and safety.The major factor driving revenue growth in the Chlor-alkali Ion Exchange Membrane market is the growing environmental concerns, which are leading to the substitution of mercury cell technology with ion exchange membrane technology.
There are mainly two types of chlor-alkali ion exchange membranes:
• Membrane With Sacrificial Thread
• Membrane Without Sacrificial Thread
The sacrificial thread is a polymer fiber that is added to the membrane during manufacturing. This thread dissolves over time, creating small channels that allow the passage of brine through the membrane. These types of membranes have better ion conductivity and mechanical strength than the non-sacrificial thread membrane. However, the non-sacrificial thread membrane has the advantage of producing lower levels of impurities, resulting in better product quality.
North America and Europe are expected to hold a significant market share in the Chlor-alkali Ion Exchange Membrane market due to the widespread adoption of advanced technologies and the presence of several key players in the region. The market share of these regions is estimated to be around 25% and 20%, respectively, by the end of 2025.Latin America and the Middle East & Africa regions are expected to witness significant growth in the Chlor-alkali Ion Exchange Membrane market due to the increasing demand for chlor-alkali products and the growth of the chemical industry in these regions. The market share of these two regions is estimated to be around 5% and 4% respectively, by the end of 2025.
The Chlor-alkali Ion Exchange Membrane Market is highly competitive with key players such as Chemours, Asahi Kasei, AGC, and Dongyue Group dominating the market. These companies use chlor-alkali ion exchange membranes for various applications such as electrochlorination, electrolysis, and electrodialysis. These applications are vital in the chemical industry, water treatment industry, and the production of various chemicals such as chlorine, hydrogen, and caustic soda.
In terms of sales revenue figures, Chemours reported a revenue of $5.4 billion in 2020, while Asahi Kasei reported a revenue of $15.9 billion in the same year. AGC reported a revenue of $7.6 billion, and Dongyue Group reported a revenue of $5.7 billion in 2020. These companies’ innovative products and solutions have helped in growing the Chlor-alkali Ion Exchange Membrane Market, and they are expected to continue expanding in the future.
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The Coating for 3C Market is expected to grow from USD 1.10 Billion in 2022 to USD 1.30 Billion by 2030, at a CAGR of 2.90% during the forecast period.The Coating for 3C (Computers, Communication, and Consumer Electronics) market has witnessed significant growth in recent years. The market is driven by factors such as increasing demand for electronic devices, advancements in technology, and the growing need for efficient protection solutions. The 3C market includes a wide array of products such as smartphones, laptops, tablets, gaming consoles, and wearables, among others. These products have different coating requirements such as scratch-resistant, water-resistant, and temperature-resistant coatings, to enhance their performance and durability.The latest trend followed by the Coating for 3C market is the use of nanotechnology for coating applications. Nanocoatings are gaining popularity due to their exceptional properties such as improved scratch resistance, water repellency, and anti-corrosion capabilities.
Thermosetting coatings are cured by heat and provide strong mechanical and chemical resistance. These coatings are commonly used in electronic components to protect against corrosion, abrasion, and other environmental factors. On the other hand, UV curing coatings are cured by UV light and provide fast curing times, good adhesion, and high gloss finishes. These coatings are commonly used in electronic devices with complex shapes and sizes, such as smartphones and tablets.
The Asia-Pacific region is expected to dominate the Coating for 3C (Consumer Electronic Products) market, owing to the presence of large producers of electronic goods such as China, Japan, South Korea, Taiwan, and India. The Asia-Pacific market is expected to hold the highest market share percentage valuation of over 50% by 2025. Additionally, the rising adoption of electronic devices and technological advancements is driving the demand for coatings in the consumer electronics industry in the Asia-Pacific region. North America and Europe are anticipated to maintain significant market shares, with the increasing demand for smart home devices and consumer portable electronics. The Coating for 3C market in the Middle East & Africa and South America regions is also expected to grow at a steady pace with the increasing demand for electronic devices.
The Coating for 3C Market is highly competitive and consists of several major players, such as AkzoNobel, PPG, Beckers, Musashi Paint, Cashew, Sherwin-Williams, NATOCO, Origin, Sokan, Hipro, and Rida. These companies provide a variety of coatings for the 3C (computer, communication, and consumer electronics) industries, including spray coatings, dip coatings, UV coatings, and powder coatings.
In terms of revenue figures, AkzoNobel reported sales of €9.3 billion in 2020, while PPG Industries reported sales of $16.2 billion in the same year. Sherwin-Williams reported sales of $18.4 billion in 2020. While the sales revenue figures of the other companies listed may vary, it is clear that the coating for the 3C market is a lucrative industry with significant growth potential.
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