17-Sep-2020 | Facts and Factors
Findings from Facts and Factors report “Carbon Nanotubes Market By Type (Single, Multi Walled) By Method (Chemical Vapor Deposition, Catalytic Chemical Vapor Deposition, High Pressure Carbon Monoxide) By Application (Electronics & Semiconductors, Advanced Materials, Chemical & Polymers, Batteries & Capacitors, Aerospace & Defense, Energy, Others): Global Carbon Nanotubes Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Carbon Nanotubes Market in 2019 was approximately USD 5 Billion. The market is expected to grow at a CAGR of 16% and is anticipated to reach around USD 15 Billion by 2026.
Carbon nanotubes, commonly known as CNTs are an allotrope of carbon that comes in a long hollow cylindrical shape of carbon molecule and has a size range of 1-150nm. These tubes are made from layers of graphene which are rolled together to form a cylindrical shape. They are light in weight and have good thermal conductivity along with good mechanical strength and have a high aspect ratio making them an ideal option for several industrial applications.
Browse the full “Carbon Nanotubes Market By Type (Single, Multi Walled) By Method (Chemical Vapor Deposition, Catalytic Chemical Vapor Deposition, High-Pressure Carbon Monoxide) By Application (Electronics & Semiconductors, Advanced Materials, Chemical & Polymers, Batteries & Capacitors, Aerospace & Defense, Energy, Others): Global Carbon Nanotubes Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/carbon-nanotubes-market-by-type-single-multi-walled-1320
The market for Carbon Nanotubes is driven by its growing use in electrical applications, energy, and polymers. The surging adoption of carbon nanotubes in the aerospace industry owing to their strength and durability helps in the production of several lightweight structural aerospace components. As they help in improving the strength and weight of the polymers, they are used as a reinforcing material. The superconductivity properties make them a better replacement option for steel. The surging use of carbon nanotubes in wind turbines for enhancing its mechanical strength and extending the service life is also projected to dominate the market growth. The growing use of renewable energy and its implementation in several electrical devices and applications escalates the demand for the carbon nanotubes market.
The growing demand for electric vehicles working on lithium-ion batteries, which uses carbon nanotubes in its energy storage system has augmented market growth. However, the manufacturing of carbon nanotubes is too costly and has limited research and development facilities, which acts as a barrier to the growth of the market. The toxic chemicals that get emitted during the production of carbon tubes are considered to harm the safety of the environment and thus poses a threat to the growth of the market. Nevertheless, the growing opportunities from several emerging applications along with several investments in research and development activities for developing advanced carbon nanotubes provide lucrative growth opportunities for the market in the coming years.
The multi-walled carbon nanotube is predicted to dominate the market as it is widely used for several applications such as batteries, heating films, nanodevices, thermal interface material, and chemical sensors. These multi-walled carbon nanotubes are highly conductive as they get properly integrated into a composite structure, leaving the inner walls to be non-conductive. The method of chemical vapor deposition is projected to show dominance as it is the most affordable method used in the production of carbon nanotubes and is a conventional method used by several manufacturers.
As per the application analysis, the electronics & semiconductors segment is expected to show dominance as these carbon nanotubes exhibit electrical properties and are considered to be a prime option in manufacturing electronic devices. The surging demand for energy generation through alternative options such as solar and wind energy, or electrically operated vehicles gives several growth opportunities for the market owing to the growing demand for solar cells, wind turbines, and lithium-ion batteries.
The region of Asia Pacific is anticipated to dominate the market owing to the rapid industrialization in countries such as China, India, and Vietnam. The growing automobile, electronics, and aerospace industry along with several governmental plans from China and India for increasing their solar energy output are estimated to fuel the market growth in the coming years.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 5 Billion |
Projected Market Size in 2026 |
USD 15 Billion |
CAGR Growth Rate |
16% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Arkema Group, Chasm Advanced Materials Inc., Showa Denko K.K., Arry International Group LTD., Ocsial Llc, Cheap Tubes Inc., Cnano Technology Limited, Futurecarbon GmbH, Carbon Solutions Inc., Hyperion Catalysis International, Hanwha Chemical Corp., Klean Industries Inc., CNT Co., Ltd., Continental Carbon Company, LG Chem, Nano-C Inc., Nanocyl SA, Toray Industries, Inc., and Others |
Key Segment |
By Type, Method, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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The top key players in the Carbon Nanotubes Market are
Arkema Group, Chasm Advanced Materials Inc., Showa Denko K.K., Arry International Group LTD., Ocsial Llc, Cheap Tubes Inc., Cnano Technology Limited, Futurecarbon GmbH, Carbon Solutions Inc., Hyperion Catalysis International, Hanwha Chemical Corp., Klean Industries Inc., CNT Co., Ltd., Continental Carbon Company, LG Chem, Nano-C Inc., Nanocyl SA, Toray Industries, Inc.
This report segments the Carbon Nanotubes Market as follows:
By Type Segmentation Analysis
By Method Analysis
- Chemical Vapor Deposition
- Catalytic Chemical Vapor Deposition
- High-Pressure Carbon Monoxide
By Application Segmentation Analysis
- Electronics & Semiconductors
- Advanced Materials
- Chemical & Polymers
- Batteries & Capacitors
- Aerospace & Defense
- Energy
- Others
By Regional Segmentation Analysis
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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