Global Carbon Nanotubes (CNT) Market is valued approximately at USD 0.76 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 14.4% over the forecast period 2021-2027. Carbon nanotubes are also known as carbon allotropes. They’re made from carbon molecules that are long, cylindrical, and hollow. Carbon nanotubes have a number of desirable properties, including increased thermal conductivity, mechanical strength, high elastic modulus, high aspect ratio, and light weight. These nanotubes are made up of layers of graphene that have been bowled together to form a smooth cylinder. Carbon nanotubes have a size range of 1–150 nm. Carbon nanotubes market is driven by Increasing demand for lightweight and low carbon-emitting vehicles and technological advancements and minimum production cost. However, the average vehicle contains more than 55 pounds of copper, the majority of which is in the form of electrical wire. An electric vehicle has about three times as much. Reducing the amount of copper used in vehicles will help to reduce the vehicle’s total weight, as well as its fuel consumption and emissions. CNTs are gaining popularity as a lighter alternative to copper wire. For instance, Japan manufactures the F-35A next-generation fighter jet as well as other military aircraft, strengthening the country’s aerospace manufacturing base. The country is also a key player in the development of aircraft like the Boeing 767, 777, 777X, and 787, as well as engines such as the V2500, Trent1000, GEnx, GE9X, PW1100G-JM, and others. However, Environmental concern and health & safety issues, may impede market growth over the forecast period of 2021-2027.
Carbon nanotubes have been one of the most widely used and produced materials in Asia. Low-cost labour, government initiatives including Make in India, and the proposed scheme for entrepreneurship creation in India will open up opportunities in the industrial and infrastructure sectors. China is a rapidly growing country with several new technologies, including hydrogen storage, superconductors, filters, and capacitors. It provides numerous opportunities for market players willing to invest in rapidly expanding application areas.
Major market player included in this report are:
Arry International Group Limited
Carbon Solutions, Inc.
Jiangsu Cnano Technology Co., Ltd.
LG Chemical Limited
Kumho Petrochemical Co., Ltd.
Thomas Swan & Co. Limited
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Single-Walled Carbon Nanotubes (SWCNT)
Multi-Walled Carbon Nanotubes (MWCNT)
Chemical Vapor Deposition
Catalytic Chemical Vapor Deposition (CCVD)
High-Pressure Carbon Monoxide Reaction
By End Use Industry:
Electronics & Semiconductors
Energy & Storage
Chemical Material & Polymers
Structural Composites Applications
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.
Target Audience of the Global Carbon Nanotubes (CNT) Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers