Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Carbon nanotubes are cylindrical molecules and consist of rolled-up sheets of single-layer carbon atoms. These nanotubes are chemically bonded with sp2 bonds, an extremely strong form of molecular interaction and therefore are the strongest and stiffest materials discovered in terms of tensile strength and elastic modulus. They are of two types, single-walled carbon nanotubes with a diameter of less than 1 nanometer (nm) or multi-walled carbon nanotubes, consisting of several concentrically interlinked nanotubes, with diameters reaching more than 100 nm. Their length can reach several micrometers or even millimeters. These nanotubes are widely used in electronics industry, chemical material and polymers, medical industry, etc. owing to its properties.
North America is anticipated to witness the growth over the forecast period owing to the increasing demand from end use industries. Carbon nanotubes are emerging as light-weight alternative to copper wire and due to low carbon emission and good fuel efficiency, the manufacturers are increasingly adopting the use of carbon nanotubes instead of copper wire. Also, they are used to control or enhance mechanical and chemical conductivity in polymers, hence used in chemical and polymer industries. However, environmental concerns and health & safety issues may hamper the market growth as the nanoparticles and nano- biotechnological byproducts released during the production of nanomaterial poses a serious threat to human health.
COVID 19 had a significant impact on the carbon nanotubes market. The demand for carbon nanotubes was decreased from electronics industry due to temporary shutdown of the industries. Also, the various end user had decreased the use and thus, the demand for carbon nanotubes. Moreover, the lockdown in the region led to the economic loss and also therefore, the purchasing patterns changed which affected the market in a negative way. The travelling restriction specifically in U.S also brought a break in a supply chain. Overall there was a negative effect on the carbon nanotubes market.
In North America, the market for carbon nanotubes is segmented based upon the type, method and the end- use industry.
In North America, based on different types, the carbon nanotube is segmented into single walled carbon nanotubes and multi-walled carbon nanotubes. Among these two, the multi-walled carbon nanotubes hold the larger market share owing to properties such as good electrical conductivity. They are widely used in conductive transparent electrodes, conductive heating films, conductive nano-inks, nano-devices, displays, chemical sensors, super batteries, supercapacitors energy storages, solar power cells, etc. Also, using the multi-walled carbon nanotube in automobile applications is profitable which allows the segment to grow.
In North America, based on different methods, the market is segmented into chemical vapor deposition, catalytic chemical vapor deposition, high pressure monoxide reactions and others. Among these, the chemical vapor deposition holds the largest market owing to the commercial adoption of various chemical vapor deposition methods by the key players.
The various end use industries of the carbon nanotubes Electronics & Semiconductors, Energy & Storage, Chemical Material & Polymers, Medical, Structural Composites Applications, Others. The electronics and semiconductor segment holds the prominent market owing to increasing use of carbon nanotubes in electronics industries. However, over the forecast period, medical segment is anticipated to grow at faster rate.
The various countries studied across the North America are U.S, Canada and Mexico. Among these, the U.S holds the significant market and anticipated to grow during the forecast period followed by Canada. The growth is attributed towards the increasing use by the end user industries in the region.
The various key players in the region are LG Chemical Limited, Cabot Corporation, Showa Denko K.K., Jiangsu Cnano Technology Co. Ltd., Chengdu Organic Chemicals Co. Ltd., Nanocyl SA, Arkema SA, Sumitomo Corporation, Cheap Tubes, Inc., Hanwha Corporation, Arry International Group Limited, Carbon Solutions, Inc., OCSiAl, Kumho Petrochemical Co. Ltd., Klean Commodities, Thomas Swan & Co. Limited, Raymor, Nanolab Inc., Nanoshel LLC,Chasm Advanced Materials, Inc., Nanothinx S.A.,,Nano-C Inc., Xinnano Materials, Inc., Reinste Nano Ventures Future-Carbon, Hyperion Catalysis International, Inc., Hyosung.
Carbon nanotubes are cylindrical molecules and consist of rolled-up sheets of single-layer carbon atoms. They are of two types, single-walled carbon nanotubes with a diameter of less than 1 nanometer (nm) or multi-walled carbon nanotubes, consisting of several concentrically interlinked nanotubes, with diameters reaching more than 100 nm. Their length can reach several micrometers or even millimeters. Carbon nanotubes are chemically bonded with sp2 bonds, an extremely strong form of molecular interaction and therefore are the strongest and stiffest materials discovered in terms of tensile strength and elastic modulus. In North America, Carbon nanotubes market is witnessing a significant growth owing to increasing demand of light weight vehicles. Carbon nanotubes are emerging as light-weight alternative to copper wire and due to low carbon emission and good fuel efficiency, the manufacturers are increasingly adopting the use of carbon nanotubes instead of copper wire. Also, the increasing demand from end use industries.
In North America, based on different types, the carbon nanotube is segmented into single walled carbon nanotubes and multi-walled carbon nanotubes. Among these two, the multi-walled carbon nanotubes hold the larger market share owing to properties such as good electrical conductivity. Based on different methods, the market is segmented into chemical vapor deposition, catalytic chemical vapor deposition, high pressure monoxide reactions and others. Among these, the chemical vapor deposition holds the largest market owing to the commercial adoption of various chemical vapor deposition methods by the key players. The different end use industries of the carbon nanotubes Electronics & Semiconductors, Energy & Storage, Chemical Material & Polymers, Medical, Structural Composites Applications, Others. The electronics and semiconductor segment holds the prominent market owing to increasing use of carbon nanotubes in the industry.
The various key players in the region are LG Chemical Limited, Cabot Corporation, Showa Denko K.K., Jiangsu Cnano Technology Co. Ltd., Chengdu Organic Chemicals Co. Ltd., Nanocyl SA, Arkema SA, Sumitomo Corporation, Cheap Tubes, Inc., Hanwha Corporation, Arry International Group Limited, Carbon Solutions, Inc., OCSiAl, Kumho Petrochemical Co. Ltd., Klean Commodities, Thomas Swan & Co. Limited.
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