According to the latest report by IMARC Group, titled “Carbon Nanotubes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the global carbon nanotubes market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
Carbon Nanotubes Market Overview:
The global carbon nanotubes market size reached a value of US$ 4.05 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 10.8 Billion by 2027 exhibiting a CAGR of 17.20% during 2022-2027.
Carbon nanotubes (CNTs), also known as buckytubes, are cylindrical allotropic forms of carbon. They are widely produced with various methods, such as arc discharge, chemical vapor deposition (CVD), and laser ablation of graphite. Carbon Nanotubes are commonly available in two types of CNTs, namely single-walled CNTs (SWCNTs) and multi-walled (MWCNTs). They are utilized as structural polymer composites for automotive and aerospace components owing to their superior mechanical properties, such as strength, durability, temperature resistance, and flexibility. They possess high electrical and thermal conductivity and astounding chemical, mechanical, and optical properties. As a result, CNTs are widely adopted across various electronics, automotive, textiles, aerospace, healthcare, energy, and defense sectors.
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Carbon Nanotubes Market Trends and Drivers:
The market is primarily driven by the expanding aerospace industry across the globe due to the increased usage of CNTs in aircraft wings and fuselages for reducing satellite weight, protecting lighting systems, and preventing aircraft icing. In addition, the widespread adoption of multi-walled variants for cathode-ray lighting elements and wafer processing represents another growth-inducing factor.
Moreover, various product inventions, such as the expansion of high-purity CNTs, which are environment-friendly, and are produced by CVD of camphor, are accelerating the market growth. Along with this, the rising product demand for the production of drug delivery and biosensing systems that are utilized for treating diseases and monitoring health is positively impacting the market growth.
Other factors, including the augmented demand for conductive fillers for EMI shielding materials and rising antistatic packaging for automotive, electronics, energy, and industrial end users, are creating a positive market outlook.
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Global Carbon Nanotubes Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Arkema S.A
- Cabot Corporation
- Carbon Solutions Inc.
- Cheap Tubes Inc.
- Jiangsu Cnano Technology Co. Ltd.
- Kumho Petrochemical Co. Ltd.
- LG Chem Ltd. (LG Corporation)
- Nanocyl SA
- OCSiAl, Ossila Ltd.
- Raymor Industries Inc. and Showa Denko K.K.
The report has segmented the market on the basis of region, product, method and application.
Breakup by Product:
- Multi Walled Carbon Nanotubes (MWCNT)
- Single Walled Carbon Nanotubes (SWCNT)
Breakup by Method:
- Chemical Vapor Deposition (CVD)
- Catalytic Chemical Vapor Deposition (CCVD)
- High-Pressure Carbon Monoxide Reaction
Market Breakup by Application:
- Electrical and Electronics
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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