According to the research report, the global carbon nanotubes (CNT) market size & share were valued at USD 831.4 Million in 2020 and is expected to reach USD 2.23 Billion By 2028, to grow at a CAGR of 14.3% during the forecast period.
Carbon nanotubes are cylindrical molecules that comprise rolled-up sheets of single-layer carbon atoms. They can be single-walled with a diameter lesser than 1 nanometer or multi-walled containing many parallel interconnected nanotubes, with diameters reaching more than 100nm. Their length can span several micrometers or even millimeters. CNTs are chemically bonded with sp2 bonds, a powerful form of molecular interaction like their graphene element graphene. These attributes, united with carbon nanotube’s inherent tendency to get together through Van Der Waals forces, offer the chance to advance strength that is ultra-high, materials that are low weight owns properties that are highly conductive electrical and thermal. This feature makes them highly captivating for many applications.
CNTs are convenient for practically any application needing high strength, electrical and thermal conductivity, durability, and lightweight properties compared to traditional materials. Presently CNTs are prominently used as additives to synthetics. CNTs are commercially accessible as a powder in an extremely mixed up and cluttered form. To unfold the properties of CNTs, they need to be sorted out and spread evenly in the substrate. One more demand is that CNTs need to be chemically combined with the substrate, for instance, plastic material. On those grounds, CNTs are functionalized; their surfaces are chemically modified for incorporation that is optimal into v various materials for the particular application in question.
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Important Questions Being Answered by The Market Report
What is the market size and growth?
What will be the market value of carbon nanotubes?
What are the most accepted players in the global carbon nanotubes market?
Which industry is imminent to raise the demand for carbon nanotubes market?
What segments are covered?
What are the significant drivers?
Top Market Players
Cabot Corporation (US)
Showa Denko K.K. (Japan)
LG Chemical Limited (South Korea)
Chengdu Organic Chemicals Co. Ltd. (China)
Jiangsu Cnano Technology Co. Ltd. (China)
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Carbon nanotubes market: Growth leading factors
The carbon nanotubes market is driven by factors like growth in the need for structural polymer composites that are lightweight, conductive fillers for EMI shielding substances, automotive, electronics, energy, and industrial end-use led antistatic packaging. Carbon nanotubes-based ESD substances are utilized in fuel filter housings, pumps, reservoirs, connectors, electronic housings, and line clips. CNTs are used in electrical and electronic industries to generate electromagnetic interferences shielding composites and antistatic packaging substances.
Carbon nanotubes are a promising alternative for silicon transistors because of their high carrier portability. The demand for CNTs is on a significant rise in defense and aerospace industries because of their superior properties and potential to ease of mapping out of lightweight parts. Presently CNTs are utilized in composite substances engaged on the outermost surface of aircraft to lessen the damage and penetration probability during lightning strikes. In wind energy, sector carbon nanotubes are engaged to advance supercapacitors and turbine blade reinforcements.
Due to the covid-19 pandemic, the global automotive supply chain got disturbed because of a reduced workforce and curtailment of manufacturing functioning that generated a shortage of chief components needed in automotive manufacturing. Additionally, unpredictability over the economic conditions caused a reduction in consumer confidence, thus impacting consumer spending.
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Carbon nanotubes market: Report Scope
Market Size 2020 Value
USD 831.4 million
Market Outlook for 2028
USD 2.23 billion
Expected CAGR Growth
14.3% from 2021 – 2028
2021 – 2028
By Product, By Application, By Region
Cabot Corporation (US), Showa Denko K.K. (Japan), LG Chemical Limited (South Korea), Chengdu Organic Chemicals Co. Ltd. (China), and Jiangsu Cnano Technology Co., Ltd. (China)
North America, Europe, Asia Pacific, Latin America, Middle East & Africa
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Carbon nanotubes market: Key segmentation
Insight by product, application, and region
By product, the single-walled carbon nanotube market segment is anticipated to grow because of its superior comparably electronic properties. By application, the structural composite component is considered the largest share in the global carbon nanotubes market due to the acquisition of CNTs in aerospace and automotive sectors for structural composites.
By region, APAC has emerged as one of the dominant producers and consumers of carbon nanotubes. Opportunities would be opened up in the industrial and infrastructural segment due to low-cost labor, initiatives by the government like Make in India and the suggested scheme on entrepreneurship development. China is a speedily advancing nation with many upcoming applications like superconductors, hydrogen storage, capacitors, and filters. It provides numerous opportunities for industry players who are disposed to finance the growing application areas. Inexpensive raw materials, low cost of production, and the capacity to tend to local emerging markets are also offered by the country.
Browse the full “Carbon Nanotubes (CNT) Market Share, Size, Trends, Industry Analysis Report, By Product (Multi-Walled, Single-Walled); By Application (Polymers, Electrical & Electronics, Energy, Medical); By Region; Segment Forecast, 2021 – 2028” Report at https://www.polarismarketresearch.com/industry-analysis/carbon-nanotubes-market
Key highlights of the report
Porter’s five forces exploration assists in analyzing the possibility of buyers and suppliers and the competitive scenario for the industry for strategy building
It configures the present carbon nanotubes market trends and estimations of the future to comprehend the existing chances and possible investment pockets
The prominent countries in the region have been mapped as per their separate contribution of revenue to the regional market
The significant drivers, restraints, and opportunities and their in-depth impact analysis are described in the study
The description of significant players and their important strategic development are enumerated in the report
The market primarily depends on product, application, and region
Carbon nanotubes market: By product
Multi-Walled Carbon Nanotubes (MWCNT)
Single-Walled Carbon Nanotubes (SWCNT)
Carbon nanotubes market: By application
Electrical & Electronics
Transdermal Drug Delivery
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