Carbon nanotubes Factors are Affecting Growth and Demand of Industry
Over the recent years, the advancements in nanotechnology in the manufacturing process and reinforcement with other materials are expected to lead to new applications for carbon nanotubes. Moreover, the carbon nanotube manufacturers and academic organizations are actively pursuing this sector to find new ways to incorporate carbon nanotubes. These determinants will aid the market growth over the forecasted timeframe.
Global carbon nanotubes market was valued at USD 876.00 million in 2021 and is expected to reach USD 2852.14 million by 2029, registering a CAGR of 15.9% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
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Market Definition
Carbon nanotubes are carbon molecules that are arranged in a tube-like configuration. These nanotubes offer superior properties that make them stronger than steel while also reducing their weight. These molecules are rolled up into single-walled or multi-walled cylinders, resulting in unpredictable properties.
Competitive Landscape and Carbon Nanotubes Market Share Analysis
The carbon nanotubes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to carbon nanotubes market.
Some of the major players operating in the carbon nanotubes market are
- LG Chem (South Korea)
- Cabot Corporation (U.S.)
- Showa Denko K.K. (Japan)
- Jiangsu Cnano Technology Co., Ltd. (China)
- Dupont (U.S.),
- SOLVAY (Belgium)
- DAIKIN (Japan)
- Freudenberg SE (Germany)
- Carbon Solutions, Inc. (U.S.)
- OCSiAl (Luxembourg)
- SABIC (Saudi Arabia)
- Nanoshel LLC (U.S.)
- Thomas Swan & Co. Ltd. (UK)
- Nanothinx S.A. (Greece)
- XinNano Materials, Inc. (China)
- Continental Carbon Nanotechnologies, Inc. (U.S.)
- KUMHO PETROCHEMICAL (South Korea)
- Raymor Industries Inc. (Canada)
- CHASM (U.S.)
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The Study Is Segmented By Following:
The carbon nanotubes market is segmented on the basis of method, type, technology, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Method
- Chemical Vapor Deposition
- Catalytic Chemical Vapor Deposition (CCVD)
- High-Pressure Carbon Monoxide Reaction
- Others
On the basis of method, the carbon nanotubes market is segmented into chemical vapor deposition, catalytic chemical vapor deposition (CCVD), high-pressure carbon monoxide reaction and others.
Type
- Single-Walled Carbon Nanotubes (SWCNT)
- Multi-Walled Carbon Nanotubes (MWCNT)
On the basis of type, the carbon nanotubes market is segmented into single-walled carbon nanotubes (SWCNT) and multi-walled carbon nanotubes (MWCNT).
Technology
- Arc Discharge
- Laser Ablation
- CVD
- Catalytic CVD
- High Pressure Carbon Monoxide
- CoMoCAT
- Floating Catalyst
- Others
On the basis of technology, the carbon nanotubes market is segmented into arc discharge, laser ablation, CVD, catalytic CVD, high pressure carbon monoxide, CoMoCAT, floating catalyst and others.
Application
- Structural Polymer Composites
- Conductive Polymer Composites
- Conductive Adhesives
- Fire Retardant Plastics
- Metal Matrix Composites
- Li-ion Battery Electrodes
- Others
Based on application, the carbon nanotubes market is segmented into structural polymer composites, conductive polymer composites, conductive adhesives, fire retardant plastics, metal matrix composites, li-ion battery electrodes and others.
End User
- Aerospace and Defense
- Chemicals and Polymers
- Electronics and Semiconductors
- Advanced Materials
- Batteries and Capacitors
- Medical
- Energy
- Others
The end user segment for carbon nanotubes market is segmented into aerospace and defense, chemicals and polymers, electronics and semiconductors, advanced materials, batteries and capacitors, medical, energy and others.
Carbon Nanotubes Market Regional Analysis/Insights
The carbon nanotubes market is analyzed and market size insights and trends are provided by country, method, type, technology, application and end user as referenced above.
The countries covered in the Carbon Nanotubes (CNT) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific leads the carbon nanotubes market because of the rapid industrialization and rising polymer industry in emerging countries such as China and India within this particular region.
North America is expected to expand at a significant growth of the over the forecast period of 2022 to 2029 due to rising consumption of carbon nanotubes (CNTs) in various end-use industries such as aerospace and defense, automotive, electrical and electronics, sports and energy within this particular region.
Research Methodology: Global Carbon Nanotubes (CNT) Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or can drop down your inquiry.
The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Expert Analysis, Import/Export Analysis, Pricing Analysis, Production Consumption Analysis, Climate Chain Scenario, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Pointers Covered in the Carbon Nanotubes (CNT) Market Industry Trends and Forecast
Market Size
Market New Sales Volumes
Market Replacement Sales Volumes
Market Installed Base
Market By Brands
Market Procedure Volumes
Market Product Price Analysis
Market Cost of Care Analysis
Market Shares in Different Regions
Recent Developments for Market Competitors
Market Upcoming Applications
Market Innovators Study
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Carbon nanotubes Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- High Demand Across End Users
The growing need for lightweight, low-carbon automobiles has significantly impacted the market for carbon nanotubes. In line with this, the high expansion of end-use industries such as electrical and electronics and automotive and increased product demand from application industries such as plastics, electronics, and energy storage are all contributing to the market’s growth over the projection period.
Additionally, the rising polymer production on account of rising application scope of the construction and automotive industries are also positively impacting the growth of the carbon nanotubes market. The major factor accountable for the growth of the market is the growing use in electronic and storage devices. Additionally, the rising composite application in defense and automotive industry is projected to bolster the growth of the market.
Opportunities
- Surging Technological Advancements and Initiatives
Furthermore, rapid technological advancements and decreasing production cost, extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the growing government initiatives towards wind energy generation will further expand the future growth of the carbon nanotubes market.
Restraints/Challenges
- Environmental, Health and Cost Issues
However, the rising environmental concern, as well as health and safety issues and producing high purity carbon nanotubes leading to increasing product cost, may act as key restraint towards carbon nanotubes market growth rate in the forecast period.
- Regulatory Policies And Overhaul Services
The strict and time-consuming regulatory policies and overhaul services have the potential to challenge the growth of the carbon nanotubes market in the above mentioned forecast period.
This carbon nanotubes market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the carbon nanotubes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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