Carbon Nanotubes Market Size and Share to Exceed $1823.7 million by 2028

WASHINGTON (GLOBE NEWSWIRE), January 18, 2023 — Global Carbon Nanotubes Market It is estimated to be worth $ 826.5 million in 2021. By 2028, it will reach $ 1823.7 millions at a compound annual growth rate of 14.1%.

Market Overview

Vantage Market Research has identified some key factors that are expected to accelerate the market growth for carbon nanotubes over the forecast time. Carbon nanotubes have a lot of appeal in the space and aviation industries because they can be used to reduce weight and icing and to protect from lightning. The predicted timeframe for the commercialization and improvement of carbon nanotubes will be extended, which will drive up demand.

The multi-walled category of carbon nanotubes sales will account more than 56% for the total sales by 2028 according to our projections. Multi-Walled Nanomaterials, which are microscopic ingredients, can enhance the mechanical characteristics, Ionic Conductivity, and coefficients of thermal expansion of the products they are used in. They consist of many layers of graphene-perforated pipes.

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Market Dynamics

High End User Demand in Developing Nation to Boost Market Development

The market for carbon nanotubes has been affected by the rising demand for light, medium automobiles. Due to the rapid expansion of end-use markets like automotive and electronics, as well rising demand for products in critical applications such as chemicals and telecommunications, the market is projected to grow during the projection period.

EMI Shielding is gaining popularity to protect electronic device components

For a variety of commercial, industrial, and professional endeavors electromagnetic interference shielding (EMI) is crucial for protecting people’s health as well as ensuring the safe operation and safety of equipment. EMI shielding materials are expected to increase due to the increasing use of these raw materials in applications such as personal computer and mobile phone information exchange dwellings, medical supplies housings, GPS devices, aerospace components, transport equipment, computational methods, and defense & national guard components.

Global Carbon Nanotubes Market: Top Players

• Arkema SA, France

• Cabot Corporation (USA)

• CHASM Advanced Materials Inc.

• CHEAPTUBES, (US)

• Hyperion Catalysis International (USA)

• Jiangsu Tiannai Technology Co. Ltd. (China).

• Klean Industries, (Canada)

• Kumho Petrochemical, (South Korea)

• LG Chem, South Korea

• Nano-C, (US)

• Nanocyl SA (US)

• Nanostructured & Amorphous Materials Inc., (Texas)

• Nopo Nanotechnologies, (India)

• OCSiAl, (US)

• Ossila Ltd., (Endland)

• Raymor Industries (Canada)

• Showa Denko K.K., (Tokoyo)

• Thomas Swan Co. Ltd. (UK)

• Tokyo Chemical Industry Co. Ltd. (Chennai).

• Toray Industries, (Japan)

Additional Information and Detail List on the Carbon Nanotubes Market players, Download a Report PDF Brochure

Global Carbon Nanotubes Market: Top Trends

• Vantage Market Research’s (VMR), one trend that Vantage Market Research expects to see in carbon nanotubes industry are the emergence of technological advances and initiatives. The market will reap the benefits of rapid technical advancements and lower production costs over the projected period. The government’s increased efforts to promote wind energy will also continue to drive the growth of the carbon nanotubes market.

• VMR expects that multi-walled carbon nanotubes will be a continuing trend in the carbon nanotubes market. Multi-walled carbon tubes are seeing a growing market. Multi-walled carbon nanotubes can be used for a variety of purposes, such as conductivity electrochemical sensors and ionic resistance.

Top Report Findings

• Multi-walled carbon Nanotubes make up the largest portion of the carbon market’s revenue. Multi-wall carbon Nanotubes cost less to produce than single-wall. These products are increasingly preferred because of their increased profitability. polymers Other lightweight materials

• This method explains why the majority of carbon nanotubes market revenue comes from the chemical vapor degradation category. This technology is used to produce carbon nanotubes of better quality. Particularly useful is the section on chemical vapor evaporation, which explains how often carbon breaks down. It plays an important role in the creation of carbon nanotubes.

• The semiconductor and electronic categories control the majority of carbon nanotubes market revenue based on end users. These technologies are ideal for electronic devices that are used in vehicles, industrial facilities, space satellite communications and other areas where they are frequently exposed to radiation, extreme temperatures and ultraviolet rays. This is due to their remarkable energy efficiency and wide use in electronic applications.

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Recent Developments in The Global Carbon Nanotubes Market

• Cabot Corporation launched its next batch ENERMAX 6 Carbon Nanotubes in March 2021. Cabot’s most efficient multi-walled CNT product, ENERMAX 6, is a high performance CNT due to its high aspect ratio.

• South Korean electronics company LG Chem recently opened a factory for the production of Carbon Nanotubes. The company plans to target the growing market of CNTs for use as cathodes in electric cars starting in April 2021.

Electronics & Semiconductors Category in Carbon Nanotubes Market to Generate Over 31% Revenue

Carbon Nanotubes can be a costly investment. Vantage Market Research has analysed the carbon nanotubes market to determine its current state as well as potential growth factors. For better understanding, based on the end users, the carbon nanotubes market is divided into electronics & semiconductors, energy & storage, chemical material & polyme, medical, structural composites application and Others

During the forecast period, the market for carbon nanotubes is anticipated to experience the highest CAGR for the electronics & semiconductors category. Because of the growing demand for carbon nanotubes in many manufacturing industries. CNTs are also widely used in copolymer anodization, which is expected to increase this segment’s revenue growth in the next year.

The medical category, on the other hand is expected to increase significantly in the forecast period. Carbon nanotubes have been proven very useful in the treatment and detection of cancer in both the medical and pharmaceutical sectors. Carbon nanotubes can be used as excellent antioxidants.

Asia Pacific Region’s Carbon Nanotubes Market to Generate More 41% Revenue

The Asia Pacific region is the dominant market during the projected period. Due to rapid innovation and technological advances, the sales of high-tech electronic goods will significantly impact regional growth. Additionally, the rise of regional industries will be fueled by the growing number of R&D facilities and the rapidly growing healthcare sector

Explore market data tables and figures spread across 147 pages and an in-depth TOC Carbon Nanotubes Market Forecast Report (2022-2028).

Segmentation of the Global Carbon Nanotubes Market

By Type

By Method

• Chemical Vapor Deposition

• Catalytic Chemical Vapor Deposition

• High-Pressure Carbon Monoxide Reaction

• Other

By End-use Industry:

• Electronics & Semiconductors

• Energy & Storage

• Chemical Material & Polymers

• Medical

• Structural Composites Application

• Other

By Region

• North America

  • United States

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Rest of Europe

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • South-East Asia

  • Rest of Asia Pacific

• Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

• Middle East & Africa

  • GCC Countries

  • South Africa

  • Rest of MEA

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