The Global Carbon Nanotubes Market is anticipated to increase by 14.8% CAGR from USD 1.1 billion in 2023 to USD 2.5 billion by 2030.
Carbon nanotubes (CNTs) are cylindrical molecules that consist of rolled-up sheets of single-layer carbon atoms (graphene). They can be single-walled (SWCNT) with a diameter of less than 1 nanometer (nm) or multi-walled (MWCNT), consisting of several concentrically interlinked nanotubes, with diameters reaching more than 100 nm. Their length can reach several micrometers or even millimeters. The global Carbon Nanotubes market is expected to rise at a considerable rate in the forthcoming years. This is due to due to the growing demand and use of CNTs are rapidly increasing in medical, aerospace & defense, coatings, and other applications, particularly in the APAC region.
The growth global Carbon Nanotubes market is mainly attributed to the factors such as an increase in the need for lightweight structural polymer composites, conductive fillers for EMI shielding materials, antistatic packaging from automotive, electronics, energy, & industrial end-users. Furthermore, carbon nanotubes-based ESD materials are used in fuel pumps, fuel filter housings, connectors, reservoirs, line clips, and electronic housings. As well, CNTs are used in the electrical & electronics industry to produce electromagnetic interference (EMI) shielding composites and antistatic packaging materials. These key factors support the growth of the market in near future.
In addition, although several conducting particles have been studied, such as carbon black particles, carbon fibers, or metallic fibers, CNTs have demonstrated better EMI shielding properties owing to their high aspect ratio, higher strength, flexibility, and low density, hence, making them ideal fillers. This crucial aspect majorly contributed to the expansion of the global Carbon Nanotubes market.
Covid-19 Impact on Narcolepsy Drug Market
The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world.
Carbon Nanotubes Market Segment Overview
Based on the Type, the Multi-Walled Carbon Nanotubes (MWCNT) segment accounted for the largest share of the Carbon Nanotubes market in 2021. MWCNT has good electrical conductivity and is used in conductive transparent electrodes, conductive heating films, conductive nano inks, nanodevices, displays, chemical sensors, super batteries, supercapacitors energy storages, solar power cells, thermal interface material, and other applications. Furthermore, MWCNT can be easily spread on plastic materials and improve the mechanical properties of the components and decrease their weight without affecting their performance. Further, using MWCNT in automotive and aircraft applications is gainful as it allows fuel-saving and lowers carbon dioxide (CO2) emissions.
Carbon Nanotubes Market, By Type
· Single-Walled Carbon Nanotubes (SWCNT)
· Multi-Walled Carbon Nanotubes (MWCNT)
Carbon Nanotubes Market, By Method
· Chemical Vapor Deposition
· Catalytic Chemical Vapor Deposition (CCVD)
· High-Pressure Carbon Monoxide Reaction
· Others
Carbon Nanotubes Market, By End-use Industry
· Electronics & Semiconductors
· Energy & Storage
· Chemical Material & Polymers
· Medical
· Structural Composites Applications
· Others
Carbon Nanotubes Regional Overview
In terms of region, Asia-Pacific has emerged as one of the top producers as well as consumers of carbon nanotubes. Countries such as India, China are prominent places for expansion of the carbon nanotubes market. In India, low-cost labor, government initiatives, such as Make in India, and the proposed scheme on entrepreneurship development may create ample opportunities in the industrial and infrastructure segments. Similarly, China is a speedily developing nation with several emerging applications, such as hydrogen storage, superconductors, filters, and capacitors. It makes various opportunities for industry players who are willing to invest in the growing application areas. Therefore, due to increased demand for carbon nanotubes from the electronics & semiconductors end-use industry, the market in this region is expected to witness remarkable growth in the coming period.
Carbon Nanotubes Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Carbon Nanotubes Market, Key Players
· Arkema SA
· Cabot Corporation
· CHASM Advanced Materials Inc.
· CHEAPTUBES
· Hyperion Catalysis International
· Jiangsu Tiannai Technology Co. Ltd.
· Klean Industries
· Kumho Petrochemical
· LG Chem
· Nano-C
· Nanocyl SA
· Nanostructured & Amorphous Materials Inc.
· Nopo Nanotechnologies
· OCSiAl
· Ossila Ltd.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Carbon Nanotubes Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Single-Walled Carbon Nanotubes (SWCNT)
- 5.2.2. Multi-Walled Carbon Nanotubes (MWCNT)
- 5.3. Market Analysis, Insights and Forecast – By Method
- 5.3.1. Chemical Vapor Deposition
- 5.3.2. Catalytic Chemical Vapor Deposition (CCVD)
- 5.3.3. High-Pressure Carbon Monoxide Reaction
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By End-use Industry
- 5.4.1. Electronics & Semiconductors
- 5.4.2. Energy & Storage
- 5.4.3. Chemical Material & Polymers
- 5.4.4. Medical
- 5.4.5. Structural Composites Applications
- 5.4.6. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Carbon Nanotubes Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Single-Walled Carbon Nanotubes (SWCNT)
- 6.2.2. Multi-Walled Carbon Nanotubes (MWCNT)
- 6.3. Market Analysis, Insights and Forecast – By Method
- 6.3.1. Chemical Vapor Deposition
- 6.3.2. Catalytic Chemical Vapor Deposition (CCVD)
- 6.3.3. High-Pressure Carbon Monoxide Reaction
- 6.3.4. Others
- 6.4. Market Analysis, Insights and Forecast – By End-use Industry
- 6.4.1. Electronics & Semiconductors
- 6.4.2. Energy & Storage
- 6.4.3. Chemical Material & Polymers
- 6.4.4. Medical
- 6.4.5. Structural Composites Applications
- 6.4.6. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Carbon Nanotubes Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Single-Walled Carbon Nanotubes (SWCNT)
- 7.2.2. Multi-Walled Carbon Nanotubes (MWCNT)
- 7.3. Market Analysis, Insights and Forecast – By Method
- 7.3.1. Chemical Vapor Deposition
- 7.3.2. Catalytic Chemical Vapor Deposition (CCVD)
- 7.3.3. High-Pressure Carbon Monoxide Reaction
- 7.3.4. Others
- 7.4. Market Analysis, Insights and Forecast – By End-use Industry
- 7.4.1. Electronics & Semiconductors
- 7.4.2. Energy & Storage
- 7.4.3. Chemical Material & Polymers
- 7.4.4. Medical
- 7.4.5. Structural Composites Applications
- 7.4.6. Others
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Carbon Nanotubes Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Single-Walled Carbon Nanotubes (SWCNT)
- 8.2.2. Multi-Walled Carbon Nanotubes (MWCNT)
- 8.3. Market Analysis, Insights and Forecast – By Method
- 8.3.1. Chemical Vapor Deposition
- 8.3.2. Catalytic Chemical Vapor Deposition (CCVD)
- 8.3.3. High-Pressure Carbon Monoxide Reaction
- 8.3.4. Others
- 8.4. Market Analysis, Insights and Forecast – By End-use Industry
- 8.4.1. Electronics & Semiconductors
- 8.4.2. Energy & Storage
- 8.4.3. Chemical Material & Polymers
- 8.4.4. Medical
- 8.4.5. Structural Composites Applications
- 8.4.6. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Carbon Nanotubes Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Single-Walled Carbon Nanotubes (SWCNT)
- 9.2.2. Multi-Walled Carbon Nanotubes (MWCNT)
- 9.3. Market Analysis, Insights and Forecast – By Method
- 9.3.1. Chemical Vapor Deposition
- 9.3.2. Catalytic Chemical Vapor Deposition (CCVD)
- 9.3.3. High-Pressure Carbon Monoxide Reaction
- 9.3.4. Others
- 9.4. Market Analysis, Insights and Forecast – By End-use Industry
- 9.4.1. Electronics & Semiconductors
- 9.4.2. Energy & Storage
- 9.4.3. Chemical Material & Polymers
- 9.4.4. Medical
- 9.4.5. Structural Composites Applications
- 9.4.6. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Arkema SA
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Cabot Corporation
- 10.6. CHASM Advanced Materials Inc.
- 10.7. CHEAPTUBES
- 10.8. Hyperion Catalysis International
- 10.9. Jiangsu Tiannai Technology Co. Ltd.
- 10.10. Klean Industries
- 10.11. Kumho Petrochemical
- 10.12. LG Chem
- 10.13. Nano-C
- 10.14. Nanocyl SA
- 10.15. Nanostructured & Amorphous Materials Inc.
- 10.16. Nopo Nanotechnologies
- 10.17. OCSiAl
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
