Global Carbon Nanotubes (CNT) Booming at a CAGR of 16.78 % to hit $ 16.19 billi

Posted by ganesha on October 29th, 2019

Market Analysis: Global Carbon Nanotubes (CNT) Market 

Global Carbon Nanotubes (CNT) Market is expected to rise from its initial estimated value of USD 4.68 billion in 2018 to an estimated value of USD 16.19 billion by 2026, registering a CAGR of 16.78%in the forecast period of 2019-2026. Increasing demand of carbon nanotubes from automotive industry is major factor for the growth of this market.

Market Definition: Global Carbon Nanotubes (CNT) Market 

Carbon nanotubes are small cylindrical structures which are made up of graphene. Even they are small in size they are actually very strong and have good thermal and electrical properties which are very suitable for the chip creators as they are used in the place of chip.

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Key Market Competitors: Global Carbon Nanotubes (CNT) Market 

Few of the major competitors currently working in global carbon nanotubes (CNT) market are Nanocyl SA., Arkema, SHOWA DENKO K.K., TORAY INTERNATIONAL, INC., Arry International Group Limited, Hanwha Group, Carbon Solutions, Inc., Cheap Tubes, OCSiAl, KUMHO PETROCHEMICAL, Grafen Inc., Chengdu Organic Chemicals Co. Ltd, Thomas Swan & Co. Ltd., Raymor Industries Inc., Nanoshel LLC, ADVANCE NANOPOWER INC., CHASM Advanced Materials, Nanothinx S.A., Nano-C., Xinnano Materials, Inc.

These nanotubes are widely used in industries like chemical and polymer, medical, advanced materials, aerospace & defence, etc.  Increasing demand for multi-walled carbon nanotubes from various end-users is major factor fuelling the growth of this market.

Market Drivers:

•          Increasing R&D investment on carbon nanotubes is driving the growth of this market
•          Rising demand for renewable energy resources is another factor driving the market growth.

Market Restraints:

•          High cost of the single-walled carbon nanotubes is restraining the growth of this market
•          Increasing environmental and health awareness among consumer is another factor restraining the growth of this market

Segmentation: Global Carbon Nanotubes (CNT) Market 

By Type

•           Multi-Walled Carbon Nanotube
•           Single-Walled Carbon Nanotube

By Method

•           Chemical Vapor Deposition
•           Catalytic Chemical Vapor Deposition
•           High-Pressure Carbon Monoxide Reaction
•           Others

o    Arc Discharge and Laser Ablation

o    Flame Synthesis

o    Electrolysis

o    Comocat

By Applications

•           Electronics & Semiconductors
•           Chemicals & Polymers
•           Batteries & Capacitors
•           Energy, Medical
•           Advanced Materials
•           Aerospace& Defence
•           Others

By Geography

•          North America
•          South America
•          Europe
•          Asia-Pacific
•          Middle East and Africa

Competitive Analysis: Global Carbon Nanotubes (CNT) Market 

Global carbon nanotubes (CNT) 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 (CNT) market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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