Carbon Nanotubes Market Overview:
The latest research study “Carbon Nanotubes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that 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.
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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. They 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.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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.
Important Attribute and highlights of the Report:
- Detailed analysis of the market share
- Market Segmentation
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape
- Strategies of major players and product offerings
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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.
What company makes carbon nanotubes?
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
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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