
Carbon Nanotubes Market, By Product Type (Single-Walled Carbon Nanotubes And Multi-Walled Carbon Nanotubes); By Methods (Chemical Vapour Deposition, Catalytic Chemical Vapour Deposition And High-Pressure Carbon Monoxide); By Application (Electronics And E
Description
Carbon Nanotubes Market, By Product Type (Single-Walled Carbon Nanotubes And Multi-Walled Carbon Nanotubes); By Methods (Chemical Vapour Deposition, Catalytic Chemical Vapour Deposition And High-Pressure Carbon Monoxide); By Application (Electronics And Electrical, Plastics And Composite Chemical, Batteries, Energy, Medical And Others); By Region (North America, Europe, Asia Pacific, Latin America, Middle East, And Africa); Trend Analysis, Competitive Market Share & Forecast, 2018-2028
Carbon Nanotubes Market Size to Double by 2028
Demand for carbon nanotubes is rising due to the growing demand for lightweight structural polymer composites and antistatic packaging from automotive, electronics, energy, and industrial end-users…
A recent study by the strategic consulting and market research firm; BlueWeave Consulting revealed that the global carbon nanotubes market was worth USD 5,331.5 million in 2021 and is projected to reach up to USD 10,530.4 million by the year 2028, exhibiting a CAGR of 10.6% during the forecast period 2022-2028. Many factors are driving the carbon nanotubes (CNTs) market, including the growing demand for lightweight structural polymer composites and antistatic packaging from automotive, electronics, energy, and industrial end-users, as well as the fact that carbon nanotubes are primarily used in polymers, energy, electrical, and electronics applications. CNTs are widely used as a reinforcing material in polymers to increase strength and reduce weight. CNTs also have a smaller diameter and higher electrical conductivity, allowing them to replace steel in various applications.
Growing Adoption of Carbon Nanotubes in Electronics Industry Contributes to boost Market Growth
CNTs are used to develop transistors, semiconductor components, electrostatic packaging, hard-disk drive components, integrated circuits (ICs), and IC test and burn sockets due to their unique electrical and mechanical capabilities. These components are required for the operation of any electrical device. As a result of the rise in electronic devices such as smartphones and tablets, the CNT market will grow. According to JEITA, total global output by the electronics and IT industries is predicted to increase 11% year on year in 2021 to $3,360.2 billion, with production increasing 5% to $3,536.6 billion in 2022. Carbon nanotube demand is predicted to rise due to present market growth in the electronics industry (CNTs). Due to the transition to EV (electric vehicles) and the growing percentage of electrical components in autos, and the rising demand for eco-friendly products in the automotive and aerospace industries, electronic components and devices are predicted to grow across regions.
Medical Sector is Anticipated to Witness Fastest Growth in Carbon Nanotubes Market
The medical sector is projected to witness the fastest growth in the carbon nanotubes (CNT) market during the forecast period 2022-2028. The carbon nanotubes play a significant role in various medical procedures such as transdermal drug delivery, cancer treatment, proteomics, others (cardiac autonomic regulation, platelet activation, tissue regeneration & others). The use of CNTs with biological systems can bring about advancements in medical science, especially diagnostics, biosensing, drug delivery, and disease treatments. Such extensive usage of CNTs anticipated propelling the market growth of the carbon nanotubes market in the medical sector.
The Multi-Walled Carbon Nanotubes (MWNT) Segment to Bolster Carbon Nanotubes Industry Growth
The Multi-walled carbon nanotubes (MWNT) market catered to the largest market share in the global carbon nanotubes market and is expected to follow the trend from 2022-2028. MWNCTs are widely used in energy storage (batteries and supercapacitors), as well as conductive copper. When MWNTs are used in a composite structure, they become highly conductive. On the other side, the outer wall is the only structural component that can conduct electricity, whereas the inside walls are not. MWNTs have a large aspect ratio, with lengths nearly 100 times and, in certain instances, much longer than the diameter. The aspect ratio, degree of entanglement, and straightness of the tubes all influence their performance and application. Hence the advantages mentioned above support the market growth of MWNT segmental growth.
Impact Of COVID-19 On The Carbon Nanotubes Market
The COVID-19 pandemic has led to a severe impact across all the carbon nanotubes industries worldwide. The rapid and unexpected spread has led authorities across the globe to take stricter actions for the operations of industrial plants and offices, thus imposing stricter lockdowns. Industries cannot get complete and proper raw materials for the production of carbon nanotubes and better functioning of factories, which resulted in the fall down of the Carbon Nanotubes Market. Due to the non-availability of motors and plant shutdown, the virus substantially impacted industries producing electric motors and carbon nanotubes.
Asia-Pacific Accounted for Largest Market Share in Global Carbon Nanotubes Market
In the global carbon nanotubes market, Asia Pacific contributed the most revenue, and this trend is expected to continue during the forecast period. The rising automobile, aerospace, and electronics industries, particularly in Japan, China, India, and Malaysia, are expected to improve polymer demand, which will boost carbon nanotubes and non materials market demand. In 2021, Asia Pacific held the largest market share of the global carbon nanotubes market, and it is expected to develop at the fastest CAGR over the forecast period.
Competitive Landscape
The key players operating in the global carbon nanotubes market are Cabot Corporation, Arkema SA, CHEAPTUBES, CHASM Advanced Materials Inc., Jiangsu Tiannai Technology Co. Ltd., Hyperion Catalysis International, Kumho Petrochemical, Klean Industries, Nano-C, LG Chem., Nanostructured & Amorphous Materials Inc., Nopo Nanotechnologies, Raymor Industries, Ossila Ltd., Thomas Swan and Co. Ltd., Showa Denko K.K., Tokyo Chemical Industry Co. Ltd., Toray Industries and other prominent players.
Carbon Nanotubes Market Size to Double by 2028
Demand for carbon nanotubes is rising due to the growing demand for lightweight structural polymer composites and antistatic packaging from automotive, electronics, energy, and industrial end-users…
A recent study by the strategic consulting and market research firm; BlueWeave Consulting revealed that the global carbon nanotubes market was worth USD 5,331.5 million in 2021 and is projected to reach up to USD 10,530.4 million by the year 2028, exhibiting a CAGR of 10.6% during the forecast period 2022-2028. Many factors are driving the carbon nanotubes (CNTs) market, including the growing demand for lightweight structural polymer composites and antistatic packaging from automotive, electronics, energy, and industrial end-users, as well as the fact that carbon nanotubes are primarily used in polymers, energy, electrical, and electronics applications. CNTs are widely used as a reinforcing material in polymers to increase strength and reduce weight. CNTs also have a smaller diameter and higher electrical conductivity, allowing them to replace steel in various applications.
Growing Adoption of Carbon Nanotubes in Electronics Industry Contributes to boost Market Growth
CNTs are used to develop transistors, semiconductor components, electrostatic packaging, hard-disk drive components, integrated circuits (ICs), and IC test and burn sockets due to their unique electrical and mechanical capabilities. These components are required for the operation of any electrical device. As a result of the rise in electronic devices such as smartphones and tablets, the CNT market will grow. According to JEITA, total global output by the electronics and IT industries is predicted to increase 11% year on year in 2021 to $3,360.2 billion, with production increasing 5% to $3,536.6 billion in 2022. Carbon nanotube demand is predicted to rise due to present market growth in the electronics industry (CNTs). Due to the transition to EV (electric vehicles) and the growing percentage of electrical components in autos, and the rising demand for eco-friendly products in the automotive and aerospace industries, electronic components and devices are predicted to grow across regions.
Medical Sector is Anticipated to Witness Fastest Growth in Carbon Nanotubes Market
The medical sector is projected to witness the fastest growth in the carbon nanotubes (CNT) market during the forecast period 2022-2028. The carbon nanotubes play a significant role in various medical procedures such as transdermal drug delivery, cancer treatment, proteomics, others (cardiac autonomic regulation, platelet activation, tissue regeneration & others). The use of CNTs with biological systems can bring about advancements in medical science, especially diagnostics, biosensing, drug delivery, and disease treatments. Such extensive usage of CNTs anticipated propelling the market growth of the carbon nanotubes market in the medical sector.
The Multi-Walled Carbon Nanotubes (MWNT) Segment to Bolster Carbon Nanotubes Industry Growth
The Multi-walled carbon nanotubes (MWNT) market catered to the largest market share in the global carbon nanotubes market and is expected to follow the trend from 2022-2028. MWNCTs are widely used in energy storage (batteries and supercapacitors), as well as conductive copper. When MWNTs are used in a composite structure, they become highly conductive. On the other side, the outer wall is the only structural component that can conduct electricity, whereas the inside walls are not. MWNTs have a large aspect ratio, with lengths nearly 100 times and, in certain instances, much longer than the diameter. The aspect ratio, degree of entanglement, and straightness of the tubes all influence their performance and application. Hence the advantages mentioned above support the market growth of MWNT segmental growth.
Impact Of COVID-19 On The Carbon Nanotubes Market
The COVID-19 pandemic has led to a severe impact across all the carbon nanotubes industries worldwide. The rapid and unexpected spread has led authorities across the globe to take stricter actions for the operations of industrial plants and offices, thus imposing stricter lockdowns. Industries cannot get complete and proper raw materials for the production of carbon nanotubes and better functioning of factories, which resulted in the fall down of the Carbon Nanotubes Market. Due to the non-availability of motors and plant shutdown, the virus substantially impacted industries producing electric motors and carbon nanotubes.
Asia-Pacific Accounted for Largest Market Share in Global Carbon Nanotubes Market
In the global carbon nanotubes market, Asia Pacific contributed the most revenue, and this trend is expected to continue during the forecast period. The rising automobile, aerospace, and electronics industries, particularly in Japan, China, India, and Malaysia, are expected to improve polymer demand, which will boost carbon nanotubes and non materials market demand. In 2021, Asia Pacific held the largest market share of the global carbon nanotubes market, and it is expected to develop at the fastest CAGR over the forecast period.
Competitive Landscape
The key players operating in the global carbon nanotubes market are Cabot Corporation, Arkema SA, CHEAPTUBES, CHASM Advanced Materials Inc., Jiangsu Tiannai Technology Co. Ltd., Hyperion Catalysis International, Kumho Petrochemical, Klean Industries, Nano-C, LG Chem., Nanostructured & Amorphous Materials Inc., Nopo Nanotechnologies, Raymor Industries, Ossila Ltd., Thomas Swan and Co. Ltd., Showa Denko K.K., Tokyo Chemical Industry Co. Ltd., Toray Industries and other prominent players.
Table of Contents
211 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Research Methodology
- 2.1. Qualitative Research
- 2.1.1. Primary & Secondary Research
- 2.2. Quantitative Research
- 2.3. Market Breakdown & Data Triangulation
- 2.3.1. Secondary Research
- 2.3.2. Primary Research
- 2.4. Breakdown of Primary Research Respondents, By Region
- 2.5. Assumption & Limitation
- 3. Executive Summary
- 4. Global Carbon Nanotubes Market Insights
- 4.1. Industry Value Chain Analysis
- 4.2. DROC Analysis
- 4.2.1. Growth Drivers
- 4.2.2. Restraints
- 4.2.3. Opportunities
- 4.2.4. Challenges
- 4.3. Technological Landscape/Recent Development
- 4.4. Regulatory Framework
- 4.5. Porter’s Five Forces Analysis
- 4.5.1. Bargaining Power of Suppliers
- 4.5.2. Bargaining Power of Buyers
- 4.5.3. Threat of New Entrants
- 4.5.4. Threat of Substitutes
- 4.5.5. Intensity of Rivalry
- 5. Global Carbon Nanotubes Market Overview
- 5.1. Market Size & Forecast by Value, 2018-2028
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Product Type
- 5.2.1.1. Single Walled Carbon Nanotubes
- 5.2.1.2. Multi Walled Carbon Nanotubes
- 5.2.2. By Method
- 5.2.2.1. Chemical Vapor Deposition
- 5.2.2.2. Catalytic Chemical Vapor Deposition
- 5.2.2.3. High-Pressure Carbon Monoxide
- 5.2.3. By Application
- 5.2.3.1. Electronics and electrical
- 5.2.3.2. Plastics and composite
- 5.2.3.3. Chemical
- 5.2.3.4. Batteries
- 5.2.3.5. Energy
- 5.2.3.6. Medical
- 5.2.3.7. Others
- 5.2.4. By Region
- 5.2.4.1. North America
- 5.2.4.2. Europe
- 5.2.4.3. The Asia Pacific
- 5.2.4.4. Latin America
- 5.2.4.5. The Middle East and Africa
- 6. North America Carbon Nanotubes Market
- 6.1. Market Size & Forecast by Value, 2018-2028
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Product Type
- 6.2.2. By Method
- 6.2.3. By Application
- 6.2.4. By Country
- 6.2.4.1. United States
- 6.2.4.2. Canada
- 7. Europe Carbon Nanotubes Market
- 7.1. Market Size & Forecast by Value, 2018-2028
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Product Type
- 7.2.2. By Method
- 7.2.3. By Application
- 7.2.4. By Country
- 7.2.4.1. Germany
- 7.2.4.2. United Kingdom
- 7.2.4.3. Italy
- 7.2.4.4. France
- 7.2.4.5. Spain
- 7.2.4.6. Rest of Europe
- 8. The Asia Pacific Carbon Nanotubes Market
- 8.1. Market Size & Forecast by Value, 2018-2028
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Product Type
- 8.2.2. By Method
- 8.2.3. By Application
- 8.2.4. By Country
- 8.2.4.1. China
- 8.2.4.2. India
- 8.2.4.3. Japan
- 8.2.4.4. South Korea
- 8.2.4.5. Rest of Asia Pacific
- 9. Latin America Carbon Nanotubes Market
- 9.1. Market Size & Forecast by Value, 2018-2028
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Product Type
- 9.2.2. By Method
- 9.2.3. By Application
- 9.2.4. By Country
- 9.2.4.1. Brazil
- 9.2.4.2. Mexico
- 9.2.4.3. Rest of Latin America
- 10. The Middle East & Africa Carbon Nanotubes Market
- 10.1. Market Size & Forecast by Value, 2018-2028
- 10.1.1. By Value (USD Million)
- 10.2. Market Share & Forecast
- 10.2.1. By Product Type
- 10.2.2. By Method
- 10.2.3. By Application
- 10.2.4. By Country
- 10.2.4.1. Saudi Arabia
- 10.2.4.2. UAE
- 10.2.4.3. South Africa
- 10.2.4.4. Rest of Middle East & Africa
- 11. Competitive Landscape
- 11.1. List of Key Players and Their Offerings
- 11.2. Market Share Analysis, 2021
- 11.3. Competitive Benchmarking, By Operating Parameters
- 11.4. Key Strategic Development (Merger, Acquisition, Partnership.)
- 12. Impact of Covid-19 on Global Carbon Nanotubes Industry
- 13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
- 13.1. Cabot Corporation
- 13.2. Arkema SA
- 13.3. CHEAPTUBES
- 13.4. CHASM Advanced Materials Inc.
- 13.5. Jiangsu Tiannai Technology Co. Ltd.
- 13.6. Hyperion Catalysis International
- 13.7. Kumho Petrochemical
- 13.8. Klean Industries
- 13.9. Nano-C
- 13.10. LG Chem
- 13.11. Nanostructured & Amorphous Materials Inc.
- 13.12. Nopo Nanotechnologies
- 13.13. Raymor Industries
- 13.14. Ossila Ltd.
- 13.15. Thomas Swan and Co. Ltd.
- 13.16. Showa Denko K.K.
- 13.17. Tokyo Chemical Industry Co. Ltd.
- 13.18. Toray Industries.
- 13.19. Other Prominent Players.
- 14. Key Strategic Recommendations
- *Financial information in case of non-listed companies will be provided as per availability
- **The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
- List of Figures
- Figure 1 Global Carbon Nanotubes Market Segmentation
- Figure 2 Global Carbon Nanotubes Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2021
- Figure 4 Global Carbon Nanotubes Market Size, By Value (USD Million), 2018-2028
- Figure 5 Global Carbon Nanotubes Market Share, By Product Type, By Value, 2018-2028
- Figure 6 Global Carbon Nanotubes Market Share, By Methods, By Value, 2018-2028
- Figure 7 Global Carbon Nanotubes Market Share, By Applications, By Value, 2018-2028
- Figure 8 Global Carbon Nanotubes Market Share, By Region, By Value, 2018-2028
- Figure 9 North America Carbon Nanotubes Market Size, By Value (USD Million), 2018-2028
- Figure 10 North America Carbon Nanotubes Market Share, By Product Type, By Value, 2018-2028
- Figure 11 North America Carbon Nanotubes Market Share, By Methods, By Value, 2018-2028
- Figure 12 North America Carbon Nanotubes Market Share, By Applications, By Value, 2018-2028
- Figure 13 North America Carbon Nanotubes Market Share, By Country, By Value, 2018-2028
- Figure 14 Europe Carbon Nanotubes Market Size, By Value (USD Million), 2018-2028
- Figure 15 Europe Carbon Nanotubes Market Share, By Product Type, By Value, 2018-2028
- Figure 16 Europe Carbon Nanotubes Market Share, By Methods, By Value, 2018-2028
- Figure 17 Europe Carbon Nanotubes Market Share, By Applications, By Value, 2018-2028
- Figure 18 Europe Carbon Nanotubes Market Share, By Country, By Value, 2018-2028
- Figure 19 The Asia-Pacific Carbon Nanotubes Market Size, By Value (USD Million), 2018-2028
- Figure 20 The Asia-Pacific Carbon Nanotubes Market Share, By Product Type, By Value, 2018-2028
- Figure 21 The Asia-Pacific Carbon Nanotubes Market Share, By Methods, By Value, 2018-2028
- Figure 22 The Asia-Pacific Carbon Nanotubes Market Share, By Applications, By Value, 2018-2028
- Figure 23 The Asia-Pacific Carbon Nanotubes Market Share, By Country, By Value, 2018-2028
- Figure 24 Latin America Carbon Nanotubes Market Size, By Value (USD Million), 2018-2028
- Figure 25 Latin America Carbon Nanotubes Market Share, By Product Type, By Value, 2018-2028
- Figure 26 Latin America Carbon Nanotubes Market Share, By Methods, By Value, 2018-2028
- Figure 27 Latin America Carbon Nanotubes Market Share, By Applications, By Value, 2018-2028
- Figure 28 Latin America Carbon Nanotubes Market Share, By Country, By Value, 2018-2028
- Figure 29 The Middle East & Africa Carbon Nanotubes Market Size, By Value (USD Million), 2018-2028
- Figure 30 The Middle East & Africa Carbon Nanotubes Market Share, By Product Type, By Value, 2018-2028
- Figure 31 The Middle East & Africa Carbon Nanotubes Market Share, By Methods, By Value, 2018-2028
- Figure 32 The Middle East & Africa Carbon Nanotubes Market Share, By Applications, By Value, 2018-2028
- Figure 33 The Middle East & Africa Carbon Nanotubes Market Share, By Country, By Value, 2018-2028
- Figure 34 The Middle East & Africa Carbon Nanotubes Market Share, By Country, By Value, 2018-2028
- List of Tables
- Table 1 Global Carbon Nanotubes Market Size, By Product Type, By Value, 2018-2028
- Table 2 Global Carbon Nanotubes Market Size, By Method, By Value, 2018-2028
- Table 3 Global Carbon Nanotubes Market Size, By Application, By Value, 2018-2028
- Table 4 Global Carbon Nanotubes Market Size, By End User, By Value, 2018-2028
- Table 5 Global Carbon Nanotubes Market Size, By Region, By Value, 2018-2028
- Table 6 North America Carbon Nanotubes Market Size, By Product Type, By Value, 2018-2028
- Table 7 North America Carbon Nanotubes Market Size, By Method, By Value, 2018-2028
- Table 8 North America Carbon Nanotubes Market Size, By Application, By Value, 2018-2028
- Table 9 North America Carbon Nanotubes Market Size, By End User, By Value, 2018-2028
- Table 10 North America Carbon Nanotubes Market Size, By Country, By Value, 2018-2028
- Table 11 Europe Carbon Nanotubes Market Size, By Product Type, By Value, 2018-2028
- Table 12 Europe Carbon Nanotubes Market Size, By Method, By Value, 2018-2028
- Table 13 Europe Carbon Nanotubes Market Size, By Application, By Value, 2018-2028
- Table 14 Europe Carbon Nanotubes Market Size, By End User, By Value, 2018-2028
- Table 15 Europe Carbon Nanotubes Market Size, By Country, By Value, 2018-2028
- Table 16 The Asia-Pacific Carbon Nanotubes Market Size, By Product Type, By Value, 2018-2028
- Table 17 The Asia-Pacific Carbon Nanotubes Market Size, By Method, By Value, 2018-2028
- Table 18 The Asia-Pacific Carbon Nanotubes Market Size, By Application, By Value, 2018-2028
- Table 19 The Asia-Pacific Carbon Nanotubes Market Size, By End User, By Value, 2018-2028
- Table 20 The Asia-Pacific Carbon Nanotubes Market Size, By Country, By Value, 2018-2028
- Table 21 Latin America Carbon Nanotubes Market Size, By Product Type, By Value, 2018-2028
- Table 22 Latin America Carbon Nanotubes Market Size, By Method, By Value, 2018-2028
- Table 23 Latin America Carbon Nanotubes Market Size, By Application, By Value, 2018-2028
- Table 24 Latin America Carbon Nanotubes Market Size, By End User, By Value, 2018-2028
- Table 25 Latin America Carbon Nanotubes Market Size, By Country, By Value, 2018-2028
- Table 26 The Middle East & Africa Carbon Nanotubes Market Size, By Product Type, By Value, 2018-2028
- Table 27 The Middle East & Africa Carbon Nanotubes Market Size, By Method, By Value, 2018-2028
- Table 28 The Middle East & Africa Carbon Nanotubes Market Size, By Application, By Value, 2018-2028
- Table 29 The Middle East & Africa Carbon Nanotubes Market Size, By End User, By Value, 2018-2028
- Table 30 The Middle East & Africa Carbon Nanotubes Market Size, By Country, By Value, 2018-2028
- Table 31 Cabot Corporation Company Overview
- Table 32 Cabot Corporation Financial Overview
- Table 33 Arkema SA Company Overview
- Table 34 Arkema SA Financial Overview
- Table 35 CHASM Advanced Materials Inc. Company Overview
- Table 36 CHASM Advanced Materials Inc. Financial Overview
- Table 37 Jiangsu Tiannai Technology Co. Ltd. Company Overview
- Table 38 Jiangsu Tiannai Technology Co. Ltd. Financial Overview
- Table 39 Kumho Petrochemical Company Overview
- Table 40 Kumho Petrochemical Financial Overview
- Table 41 Nano-C Company Overview
- Table 42 Nano-C Financial Overview
- Table 43 LG Chem Company Overview
- Table 44 LG Chem Financial Overview
- Table 45 Nanostructured & Amorphous Materials Inc. Company Overview
- Table 46 Nanostructured & Amorphous Materials Inc. Financial Overview
- Table 47 Nopo Nanotechnologies Company Overview
- Table 48 Nopo Nanotechnologies Financial Overview
- Table 49 Raymor Industries Company Overview
- Table 50 Raymor Industries Financial Overview
- Table 51 Ossila Ltd. Company Overview
- Table 52 Ossila Ltd. Financial Overview
- Table 53 Thomas Swan and Co. Ltd. Company Overview
- Table 54 Thomas Swan and Co. Ltd. Financial Overview
- Table 55 Showa Denko K.K. Company Overview
- Table 56 Showa Denko K.K. Financial Overview
- Table 57 Tokyo Chemical Industry Co. Ltd. Company Overview
- Table 58 Tokyo Chemical Industry Co. Ltd. Financial Overview
- Table 59 Toray Industries. Company Overview
- Table 60 Toray Industries. Financial Overview
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