Carbon Nanotubes Market Research Report Size m

Gmiseo22 12/13/2022 12:08:02 PM

Carbon Nanotubes Market Research Report Size, Industry Analysis & Forecast
Report – 2022-2029

The Carbon Nanotubes Market is anticipated to expand at a CAGR of 14.1% over the period, (2022-2029).

The factors driving the growth of Carbon Nanotubes Market includes rising focus on utilizing renewable sources of energy, increasing application of a carbon nanotube in lithium batteries, chemical sensors and flat panel displays, growing popularity of electric vehicles and improvements in the living standards. Moreover, growing adoption of advanced technologies by manufacturers, enhanced electrical and mechanical properties of carbon nanotubes and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by leading players on research and development, strategic mergers and collaborations between key companies, rise in the launch of innovative products, expansion of the semiconductor industry and growing population growth rates, are further contributing towards the Carbon Nanotubes Market size.

However, growth of the Carbon Nanotubes Market is hindered due to strict regulation imposed by Government regarding the production of carbon nanotubes.

The prominent players operating in the market are Tokyo Chemical Industry Co. Ltd., Nopo Nanotechnologies, Hyperion Catalysis International, LG Chemical Limited, Cabot Corporation, Showa Denko K. K., Nanostructured & Amorphous Materials Inc., Jiangsu Cnano Technology Co., Ltd., Chengdu Organic Chemicals Co. Ltd., and CHEAP TUBES, among others.

Based on Type, the Multiple Walled Carbon Nanotube segment is predicted to capture the largest market share during the forecast period

Increasing apparition of Multi-Walled Carbon Nanotubes in conductive heating films, displays, chemical sensors and super batteries, owing to its enhanced tensile strength properties, is propelling growth of the segment.

Based on End-Use Industry, the Medical segment is projected to expand at a significant CAGR over the forecast period

Increasing application of carbon nanotube in cancer therapy, drug delivery and tissue regeneration, are pushing growth of the segment.

Based on Region, the Asia Pacific region is expected to grow at a remarkable CAGR during the forecast period

Government policies promoting the production of semiconductor, rapid economic growth across India, China, and Indonesia during the last decade, rising per capita incomes, high population growth rates and increasing emphasis on using renewable energy, are some of the important factors augmenting the market growth in Asia-Pacific region.

Key Developments

  • In March 2021, Cabot Corporation introduced ENERMAX™ 6 under its carbon segment with enhanced features like high aspect ratio. This product series will effectively improve battery performance at lower loadings, offering a higher energy density of batteries.

  • In 2020, LG Chemicals Limited decided to expand its carbon nanotube production capacity by 1200ton in South Korea.

Market Segmentation

Segmentation by Type

  • Single Walled Carbon Nanotube

  • Multiple Walled Carbon Nanotube

Segmentation by End-Use Industry

  • Electronics & Semiconductors

  • Chemical Materials & Polymers

  • Structural Composites

  • Energy & Storage

  • Medical

  • Others

Segmentation by Region

  • Asia Pacific

    • China

    • Japan

    • India

    • Rest of APAC

  • North America

    • United States of America

    • Canada

  • Europe

    • United Kingdom

    • Germany

    • France

    • Spain

    • Rest of Europe

  • RoW

    • Brazil

    • South Africa

    • Saudi Arabia

    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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