DUBLIN--(BUSINESS WIRE)--The "Supercapacitor Materials Market by Type, By End Users and By Geography - Global Driver, Restraints, Opportunities, Trends, and Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
According to the report, the global supercapacitor material market is expected to grow at a CAGR of 19.3% during the forecast period and reach $2.2 billion by 2023.
Asia Pacific has the fastest growth rate and is likely to move toward greater adoption of advanced supercapacitor materials technology, which will directly boost the consumption value, majorly from China, Japan, and South Korea.
The increased demand for electric vehicles and power generation from wind turbines need supercapacitors to be placed to optimize their power density requirements. The market according to the material type used is divided into activated charcoal, carbon derivatives, metal oxides, conductive polymers, and others. The main application areas of supercapacitor materials covered in the study are consumer electronics, industrial, and transportation sectors.
The consumption of supercapacitor materials mostly comes from transportation and consumer electronics segments due to better adoption rate in the industry. Further, R&D in material enhancement for more power capacity effectiveness is expected to boost the growth in the next 5 years. Globally, the demand for supercapacitor materials is high in economically developing countries, whereas the developed regions are moving toward saturation.
The regional demand for supercapacitor materials is growing, especially in Asia Pacific and European regions. This growth is supported by the increasing awareness about sustainable power sources and high consumption of energy in these regions. Currently, Asia Pacific is the global leader in the supercapacitor materials market from the demand side.
The European region has strict policies for the non-toxic materials consumption, providing the maximum usage of high-quality supercapacitor materials. From the supplier side, Asia Pacific is leading the market, followed by Europe. Developing and underdeveloped markets, such as Middle East, are also witnessing capital investments for R&D and product development of materials for supercapacitors, which is increasing the regional competition.
Companies Featured in the Report
- Hitachi Chemicals
Key Topics Covered
1 Report Outline
2 Executive Summary
3 Market Positioning
4 Market Outlook
5 Market Characteristics
6 By Material Type: Market Size and Analysis
7 End-user: Market Size and Analysis
8 Regions: Market Size and Analysis
9 Companies to Watch For
10 Competitive Landscape
11 Expert's Views
For more information about this report visit https://www.researchandmarkets.com/research/xr5btl/the_global?w=4