Carbon Nanotubes Market Size By Product (Single-Walled Carbon Nanotubes, Multi-Walled Carbon Nanotubes), By Application (Polymers, Energy, Electrical & Electronics), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024

Published Date: Jul 2018  |  Report ID: GMI744  |  Authors: Kiran Pulidindi, Hemant Pandey

Report Format: PDF   |   Pages: 182   |   Base Year: 2017




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Carbon Nanotubes Market size was over 2 billion in 2017, with projected gains of over 22% CAGR between 2018 and 2024. The growing demand for CNTs in these applications is projected to positively impact the market growth throughout the forecast period. Moreover, the growing research and development spending by the manufacturers to develop advanced carbon nanotubes shall open up new opportunities in the market during the review period.
 

Carbon nanotubes are a class of minuscule allotropes of carbon with sizes to the scale of nanometers. Their electrical, thermal and physical properties make them ideal for various industrial applications. CNTs possess excellent properties such as high tensile strength, efficient electrical conductivity and have the ability to withstand high temperatures. These nanotubes are widely used in various industrial applications including polymers, electronics, medicine, aerospace, defense, automotive, and energy among others.
 

Carbon Nanotubes Market Overview

Get more details on this report - Request Free Sample PDF
 

Carbon nanotubes are mainly used in polymers, energy, electrical & electronics applications. They are widely used to improve properties of strength and weight in polymers as reinforcing material. Additionally, CNTs have smaller diameter and superior electrical conductivity and have the ability to replace steel for various applications.
 

In energy segment, they are ideal for use in manufacturing turbine blades to enhance mechanical strength thereby increasing the service life of wind turbines. In the electrical & electronics industry, carbon nanotubes find application in manufacturing a wide range of electronic display screens used across various consumer electronics such as mobile phones, television, computer monitors etc. The burgeoning electrical and electronics industry across the globe coupled with growing inclination towards renewable energy shall augment the carbon nanotubes market growth during the review period.
 

Furthermore, growing government initiatives towards wind energy generation shall further boost the carbon nanotubes demand during the forecast period. However, the high cost associated with the production of carbon nanotubes is likely to be a major restraining factor during the forecast period. Additionally, the presence of environmental regulations coupled with health effects associated with prolonged exposure are other factors restraining the carbon nanotubes market value.
 

Carbon Nanotubes Market Report Coverage
Report Coverage Details
Base Year:2017
Market Size in 2017:2 Billion (USD)
Forecast Period:2018 to 2024
Forecast Period 2018 to 2024 CAGR:22%
2024 Value Projection:8 Billion (USD)
Historical Data for:2013 to 2017
No. of Pages:182
Tables, Charts & Figures:229
Segments covered:Product, Application and Region
Growth Drivers:
  • Growing end-user applications
  • Emerging growth opportunities in Asia Pacific electrical and electronics industry
  • Increasing composite application in defense and automotive industry
Pitfalls & Challenges:
  • Producing high purity CNT leading to escalating product cost

Get more details on this report - Request Free Sample PDF
 

Market, by Product

The single wall carbon nanotube segment held a market share of over 8% in 2017 and is projected to grow at a CAGR of over 22% throughout the forecast period.  Asia Pacific was the largest market for single wall CNT and is anticipated to exhibit a CAGR of over 22% during the review period. The multi-walled CNT held the largest share in 2017 and is projected to continue leading throughout the review period.
 

Carbon Nanotubes Market by Product

Get more details on this report - Request Free Sample PDF
 

Single-wall carbon nanotubes are one dimensional allotropes of carbon that possess high aspect ratio and surface area. These are made of carbon rolled into cylindrical shapes with diameters ranging from 1nm to 1.5nm. The nanoscale structure of single-wall CNT exhibits superior electrical, thermal, mechanical and optical properties. The unique combination of these properties has led to increase in demand for single-wall carbon nanotubes in various applications such as packaging, solar cells, composites, displays and coatings.
 

Market, By Application

On the basis of application, the global carbon nanotubes market share has been segmented into polymers, energy, electrical & electronics, and others. Among the various segment, polymer applications held a market share of over 70% in 2017 and is projected to grow at a CAGR of over 22% throughout the assessment period. The growing demand for polymers across the construction as well as automotive industry is projected to be a major factor driving the overall market demand during the assessment period.
 

CNTs exhibit excellent mechanical properties such as high tensile strength and high elastic modulus. This makes them ideal as reinforcing materials. When used in polymers CNTs aid in enhancing properties of the resulting composites. CNT based composites are 5 times lighter and 100 times stronger than steel. Thus, increasing demand for engineered plastics along with escalating polymer demand across numerous end-user industries will boost the overall carbon nanotubes market growth for polymers.
 

Carbon Nanotubes Market by Application

Get more details on this report - Request Free Sample PDF

 

The other application segments include medical, chemical, and optical devices. In medical applications, there is a huge scope for CNT based bio sensors and x-ray sources due to optical and electrical properties of CNTs. Rapidly growing medical industry in Asia Pacific region, owing to the medical tourism and increasing usage of high-end technologies will propel the carbon nanotubes market demand in near future. CNTs are also widely utilized for water desalination due to their highly porous structure which shall further enhance the market size during the assessment period.
 

Regional Insights

Asia Pacific was the largest revenue generating region in the global carbon nanotubes market in 2017 and shall exhibit similar trends throughout the forecast period. The growing automobile construction, aerospace and electronics industry, especially in Japan, China, India, and Malaysia projected to boost the demand for polymers in turn positively contributing to the carbon nanomaterials market demand. Asia Pacific held a market accounted for over 45% of the global market share in 2018 and is projected to grow at a CAGR of over 21% throughout the forecast period.
 

Competitive Market Share

The players operating in the global carbon nanotubes market share include wax market include, Hyperion Catalysis International Inc, Nanothinx S.A., Continental Carbon Nanotechnologies, Klean Commodities, Nanocyl SA, Arkema SA and Future Carbon GmbH, among others.

Carbon nanotubes market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue in Kilo Tons and USD million from 2014 to 2025, for the following segments:

By Product

  • Single-walled carbon nanotubes
  • Multi-walled carbon nanotubes

By Application

  • Polymers
  • Energy
  • Electricals & electronics
  • Others

The above information is provided on a regional and country basis for the following:

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Indonesia
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • GCC
    • South Africa
       

Frequently Asked Questions (FAQ) :

The market revenue for carbon nanotubes exceeded 2 billion in 2017 and will grow at a CAGR of more than 22% through 2024.
Single wall carbon nanotube market accounted for an 8% revenue share in 2017 and will grow at more than 22% CAGR through 2024 owing to their exceptional mechanical, electrical, optical, and thermal properties.
Polymer applications captured 70% of market share and will exhibit more than 22% CAGR in the coming years owing to increasing polymer demand across the construction and automotive industry.
Asia Pacific captured 45% revenue share and will register a CAGR of 21% through 2024 with the expanding automobile, aerospace, construction and electronic sectors.

Premium Report Details

  • Published Date: Jul 2018
  • Pages: 182
  • Tables: 204
  • Charts / Figures: 25
  • Companies covered: 14
  • Countries covered: 18

Get a report that explains COVID-19 impact on this market

Buy NowImmediate delivery available

Need a Discount? Get in touch with us for special pricing

Request Discount

 Connect with our sales team

Chat with us
We use cookies to enhance user experience. (Privacy Policy) X