Carbon Nanotubes Market | Share, Trend Analysis Report

Carbon Nanotubes Market Report, By Type (Single-Walled Carbon Nanotubes (SWCNT) and Multi-Walled Carbon Nanotubes (MWCNT)), Technology (Chemical Vapor Deposition (CVD), Catalytic Chemical Vapor Deposition (CCVD) and High Pressure Carbon Monoxide Reaction (HIPCO)), Application, End-User and Geography - Global Market Share, Trend Analysis & Forecast , 2019 - 2028

Report Code : cm2002 | Publish Date : Upcoming | Industry : Chemicals_Materials | Geography : Global

Carbon nanotubes are composed of long, thin cylinders of carbon linked in hexagonal shapes, with each carbon atom covalently bonded to three other carbon atoms. These are large macromolecules which have exceptional size, shape, and significant physical properties. Moreover, they can be assumed as a sheet of graphite rolled into a cylinder. In recent years these fascinating structures have generated much excitement in the market. Additionally, they are potentially useful owing to their novel properties in a wide variety of applications in nanotechnology, optics, electronics and other fields of materials science. Furthermore, all of them are made up of similar graphite sheet and the specific structure it exhibits shows specific electrical characteristic such as, acting as metals or semiconductor. However, the carbon nanotubes has thermal and electric conductivity properties which can replace numerous materials in wide range of application such as electrical and electronics, energy, consumer goods, healthcare, aerospace, defense sectors and automobile.

Carbon nanotubes Market Outlook

The carbon nanotube market has witnessed significant growth by high growth in end-use industries such as electrical & electronics and automotive, superior chemical & mechanical properties and increasing demand for lightweight and low carbon emitting vehicles. Furthermore, technological advancements and feasible scenarios has fuelled the market growth. Additionally, excellent electrical properties and massive potential in electronics applications, such as conductors, sensors, semiconductor devices and photovoltaic are some of the major factors contributing to the growth of the carbon nanotubes market. However, the growth of carbon nanotubes market is hampered owing to multiple purification process of carbon nanotubes market is facing high operational cost coupled with high price of hydrocarbon. Moreover, environmental concern and health & safety issues are some of the factors restraining the growth of this market.


Carbon nanotubes Market Segmental Overview

The carbon nanotubes market is segmented by type, technology, application, end user and geography 

Carbon nanotubes Market by Type 

Based on type, the carbon nanotubes market is segmented into Single-Walled Carbon Nanotubes (SWCNT) and Multi-Walled Carbon Nanotubes (MWCNT). Among these, the MWCNT segment dominated the carbon nanotubes market in 2018. Due to the unique performance characteristics. For instance, multi-walled carbon nanotubes withstand extreme temperatures as they have atomic bonds which are highly strong. Additionally compared to copper wires this has good thermal conductor’s properties which can transmit around 15 times the amount of watt. 

Carbon nanotubes Market by Technology 

On the basis of technology, the carbon nanotubes market is segmented into chemical vapor deposition (CVD), catalytic chemical vapor deposition (CCVD) and high pressure carbon monoxide reaction (HIPCO). The CVD segment accounted for the largest share in the carbon nanotubes market in 2018, owing to the cheapest among all, with the increased production and improving technologies, prices for CVD are expected to decrease incrementally. 

Carbon nanotubes Market by Application 

Based on application, the carbon nanotubes market is segmented into structural polymer composites, conductive polymer composites, conductive adhesives, fire-retardant plastics, metal matrix composites and li-ion battery electrodes. The polymer composites have been found to have excellent friction and wear performance after being modified with functional fillers and reinforcements. This advantage makes them flexible in many industrial applications. 

Carbon nanotubes Market by End user 

By end user the market is segmented into electrical & electronics, aerospace & defense, energy, sporting goods, automotive and industrial. The Aerospace & Defense segment dominated the carbon nanotubes market in 2018, due to their capability to facilitate designing of lightweight parts. However, to reduce the risk of damage and penetration during lightning strikes they are used in composite materials which are employed on external surface of aircrafts. Whereas, the electrical & electronics segment is expected to be the fastest growing segment during the forecast period 

Carbon nanotubes Market by Geography 

Based on geography the market is segment into APAC, North America, Europe, South America and Middle East & Africa. Among these, the carbon nanotubes market was led by Asia Pacific with a market in 2018, which can be attributed to the increasing demand for carbon nanotubes from developing economies of the region. Furthermore, rising per capita incomes and improving standards of living are the key factors fueling the growth of the market.

Carbon nanotubes Market Key Players

The companies operating in the carbon nanotube market are Nanocyl SA, Arkema SA,  Cheap Tubes, Inc., Showa Denko K.K., Toray International Group Limited, Arry International Group Limited, Hanwha Corporation, CNT Co., Ltd., Carbon Solutions, Inc., Cnano Technology Ltd., Ocsial, Kumho Petrochemical Co., Ltd., Grafen Chemical Industries (Grafen Co.), Chengdu Organic Chemicals Co. Ltd., Klean Commodities, Thomas Swan & Co.Limited, Raymor, Nanolab Inc., Nanoshel LLC, Advanced Nanopower Inc., Chasm Advanced Materials, Inc., Nanothinx S.A., Nano-C Inc, Xinnano Materials, Inc. and Reinste Nano Ventures. Leading market players of CNT market have been engaged in production expansion and research & development activities for offering technologically advanced products to several end-users industry. For example, in 2016, Ocsial entered into a purchase and marketing agreement with the Chinese carbon nanotube raw material suppliers Nanjing Leiqi. With this partnership, the company aims to tap the growing demand for carbon nanotubes in composites and flooring industries in China and other neighbor nations.

Why to buy this report:

  • The report offers changing market dynamics in the Carbon Nanotubes industry, presenting historical, current and projected market size in terms of value (USD Million)
  • The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of Carbon Nanotubes market
  • It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on the Carbon Nanotubes market performance
  • The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of Carbon Nanotubes market