Global Carbon Nanotubes Market is Projected to Register a Healthy CAGR of 16.55%

Posted by nileshdbmr on October 10th, 2019

Global carbon nanotubes is expected to rise from its initial estimated value of USD 4.63 billion in 2018 to an estimated value of USD 15.79 billion by 2026, registering a CAGR of 16.55% in the forecast period of 2019-2026. This rise in market value can be attributed to the growth in demand from various end-users of the product due to its superior mechanical and chemical properties.

Key Market Competitors: Global Carbon Nanotubes Market

Few of the major competitors currently working in the carbon nanotubes market are TORAY INTERNATIONAL INC., Cheap Tubes, Arkema, Hanwha Group., SHOWA DENKO K.K., Nanocyl SA, Carbon Solutions Inc., OCSiAl, Arry International Group Limited, SABIC, Continental Carbon Company, Exxon Mobil Corporation, Nanoshel LLC, Thomas Swan & Co. Ltd., Nanothinx S.A., XinNano Materials Inc., Nano-C, KUMHO PETROCHEMICAL, Raymor Industries Inc., Grafen Inc., Chengdu Institute of Organic Chemistry - Chinese Academy of Sciences, Klean Commodities, Reinste Nano Ventures and CHASM Advanced Materials.

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Carbon nanotubes are a form of carbon molecules that exist in the form of a tube like structure. These nanotubes have enhanced set of characteristics that make them stronger than steel, with a large reduction of weight. These molecules are rolled up in the form of cylinders into single-walled or multi-walled resulting in varying characteristics accordingly.

Competitive Analysis: Global Carbon Nanotubes Market

Global carbon nanotubes market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of carbon nanotubes market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Market Segmentation: Global Carbon Nanotubes Market

•          By Method (Chemical Vapor Deposition, CCVD, High-Pressure Carbon Monoxide Reaction, Others)
•          By  Type (SWCNT, MWCNT)
•          By Application (Aerospace & Defense, Chemicals & Polymers, Electronics & Semiconductors, Advanced Materials, Batteries & Capacitors, Medical, Energy, Others)
•          By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Market Drivers:

•          Growth of the end-users such as the electronics & electrical and automotive industry; this factor is expected to act as a driver for the market growth due to their widespread applications
•          Advancements in the market in relation to the products resulting in significant reduction of cost; this factor is expected to act as a driver for the market growth

Market Restraints:

•          Concerns related to safety and environment with the usage of carbon; this factor is expected to act as a restraint to the market growth

Key Insights in the report:

•          Complete and distinct analysis of the market drivers and restraints
•          Key market players involved in this industry
•          Detailed analysis of the market segmentation
•          Competitive analysis of the key players involved

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