Global Carbon Nanotubes Market Forecast 2019-2028
The global carbon nanotubes market is projected to grow at a CAGR of 14.67% during the forecast period, 2019-2028. Factors like the growing demand for electronics & semiconductors, technological innovations & advancement in carbon nanotubes, and application of carbon nanotubes in the aerospace industry, are estimated to influence the growth of the market.
Carbon nanotubes (CNTs) have extensive applications. They are used in base materials like reinforcement and polymers due to their excellent electrical properties. One of the largest applications of CNTs is the electronics & semiconductor, followed by chemicals & polymers, advanced materials, and batteries & capacitors. They are a hundred times stronger, and six times lighter, than steel. This aspect makes it an ideal application in automobile and electronics applications. They are also used in manufacturing touchscreens and transistors. There is also a rising demand for printable CNT inks. The increasing demand for semiconductors is predicted to increase the demand for CNT. The continuous innovations in technologies like virtual reality, artificial intelligence, and the Internet of Things (IoT) are set to result in increasing opportunities for market growth. Multi-walled carbon nanotubes are among the prominent types in the global market. Further, the harmful effects of carbon nanotubes on the environment is a huge concern for governments and manufacturers across the globe, which is expected to hamper the growth of the market.
The geographical assessment of the global carbon nanotubes market entails the evaluation of North America, Asia Pacific, Europe, and the rest of the world. The Asia Pacific is set to be the dominant and fastest-growing market by 2028. The increasing application of CNTs in electrical & electronics, energy, and automotive industries, is the major factor positively impacting the market prospects of the region.
The competitive environment of the market is characterized by the presence of a large number of international players. Some of the large players present in the market include, Chasm Advanced Materials Inc, Carbon Solutions Inc, Timesnano (Chengdu Organic Chemicals Co Ltd), Cheap Tubes Inc, Arkema SA, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook