Global Carbon Nanotubes market to surpass USD 30.16 billion by 2030 from USD 6.19 billion in 2020 at a CAGR of 17.12% throughout the forecast period, i.e., 2021-30. Global Carbon Nanotubes market is expected to observe growth in the future owing to its diversified application in different industries such as aerospace and defense and the electrical industry. Their thermal, electrical, and physical properties make them attractive for various industrial applications. Besides, increasing government initiatives towards wind energy generation are anticipated to surge the demand for carbon nanotubes in the coming years.
Carbon nanotubes are cylindrical-shaped molecules consist of rolled sheets of carbon called graphene and also known as buckytube. They are long and thin, approximately having a diameter of 1-3 nanometers and a hundred to thousand nanometers long. Carbon nanotubes are classified as single-walled (SWNTs) and multi-walled carbon nanotubes (MWNTs) according to the number of graphic shells. Carbon nanotubes can be produced by different methods including filling, doping, functionalization, and chemical modification. Carbon nanotubes possess remarkable electrical conductivity. They are used in various areas of technology such as optics, nanotechnology, electronics, composite materials due to their exceptional thermal conductivity and tensile strength. Carbon nanotubes are used as structural polymer composites in the automotive and aerospace sector because of their mechanical properties like including flexibility and strength.
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Global Carbon Nanotubes Market: Key Players
- Arkema S.A.
- Arry International Group LTD.
- Carbon Solutions Inc.
- Cheap Tubes Inc.
- CNT Co., Ltd.
- Ocsial Llc
- Hanwha Chemical Corp.
- Nano-C Inc.
- Cnano Technology Ltd
- Toray International Group Limited
- Showa Denko K.K.
- Continental Carbon Company
- Other Prominent Players
Global Carbon Nanotubes Market: Segments
Multi-Walled Carbon Nanotube segment to grow with the highest CAGR during 2021-30
Global Carbon Nanotubes market is segmented by type into single and multi-walled carbon nanotubes. The multi-walled carbon nanotubes segment held the largest market share of XX.X% in the year 2020 and is expected to dominate the global market throughout the forecast period. Increasing application of multi-walled carbon nanotubes in conductive heating films, electrical conductivity, nanodevices, super batteries, and energy storages is estimated to boost the carbon nanotubes market. They are highly conductive when correctly integrated into a composite structure. Besides, they are in trend owing to their low cost
Chemical Vapor Deposition segment to grow with the highest CAGR during 2021-30
Global Carbon Nanotubes market is segmented by Method into chemical vapor deposition, catalytic chemical vapor deposition, high-pressure carbon monoxide, and others. The Chemical Vapor Deposition segment held the largest market share of XX.X% in the year 2020 and is expected to maintain this trend throughout the forecast period. It is the fastest-growing method on account of its low cost and relativity high yield. Various manufacturers are using chemical vapor deposition over other methods to manufacture carbon nanotubes.
Electronics & Semiconductors segment to grow with the highest CAGR during 2021-30
Global Carbon Nanotubes market is segmented by the end-user into electronics & semiconductors, chemical, batteries, energy, medical, aerospace & defense, and others. Electronics & Semiconductors segment held the largest market share of XX.X% in the year 2020 and is expected to maintain this trend throughout the forecast period. In the electrical & Semiconductors industry, carbon nanotubes are utilized in manufacturing a wide range of electronic display screens such as television, mobile phones, and computer monitor. Carbon nanotubes have exceptional electronic and mechanical properties, hence making them desirable for new generation electronics applications.
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Increasing Application in Aerospace Industry
Carbon nanotubes usage is increasing in the aerospace industry due to their mechanical and electrical properties. They are utilized in the aerospace industry to enhance the functional performance of the composite and to develop high-performance, lightweight, and multifunctional aircraft. As various risks are involved in flying, aircraft manufacturers are determined to manufacture aerospace components tougher, stronger, and long-lasting.
Production of carbon nanotubes leads to environmental pollution as various toxic chemicals are associated with it. Additionally, increasing demand for alternative nanomaterials such as metal oxide due to their low toxic nature is projected to hamper the market.
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Global Carbon Nanotubes market report also contains analysis on:
Carbon Nanotubes Market Segments:
- By Type
- Single-walled Carbon Nanotubes
- Multi-walled carbon nanotubes
- By Method
- Chemical Vapor Deposition,
- Catalytic Chemical Vapor Deposition,
- High-Pressure Carbon Monoxide
- By End-user
- Electronics & Semiconductors
- Aerospace & Defense
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