Carbon Nanotubes Market size worth over $8bn by 2024

Carbon Nanotubes Market will surpass USD 8 billion by 2024; according to a new research report by Global Market Insights, Inc
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Positive growth indicators in polymer, energy, electrical & electronics and other industries are analyzed to be the major factors propelling the overall carbon nanotubes market demand over the forecast timespan. Carbon nanotubes are used for these applications to provide better mechanical strength, electrical conductivity and lighter weight compared to other materials. CNTs are used in manufacturing polymers to provide better physical and mechanical properties owing to their lighter weight compared to steel, it is preferred by many companies over steel. They are also used in the power & energy industry to manufacture long wind turbine blades to enhance its mechanical strength, efficiency and overall life span of wind turbines. Immediate need for replacing conventional sources of energy generation with renewable source of energy is driving demand for CNTs to manufacture wind turbines across globe. It will eventually influence the demand of CNTs for various applications across end-users over the projected timeframe.

 

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Additionally, this growing demand for the product has brought in new investments in terms of capacity expansions by the manufacturers. The major manufactures are constantly trying to tap this growing demand in various industry verticals. For instance, In December 2013, Kumho Petrochemical announced the construction of it’s a production facility in Asan, with a capacity up to 50 tons per annum. This move is in line with their strategy to increase the production capacity Kumho and likely help the company to reduce the product cost. Cnano Technology, another major product manufacturer completed its second phase project that successfully led to an increase in the production capacity in China in November 2016. The production output achieved for carbon nanotubes was 1,000 tons and for conductive pastes was 10,000 tons to meet the increasing demands across the globe.
 

Carbon Nanotubes Market

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Browse key industry insights spread across 182 pages with 204 market data tables & 25 figures & charts from the report, “Carbon Nanotubes Market Size By Product (Single-Walled Carbon Nanotubes, Multi-Walled Carbon Nanotubes), By Application (Polymers, Energy, Electricals & Electronics), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, Japan, India, Australia, Indonesia, Malaysia, Brazil, Mexico, GCC, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/carbon-nanotubes-market
 

Among the various product segments, the multi-walled carbon nanotubes market held the largest share in 2017 and is projected to continue leading throughout the forecast period. Multi-walled carbon nanotubes segment held a market share of approximately 93% in 2017 and shall exhibit a CAGR of over 22% throughout the review period. These products exhibit excellent properties such as high thermal conductivity (higher than copper), excellent mechanical strength and efficient electrical conductivity and hence are widely preferred material in super capacitors, plastic products, batteries, coatings and construction materials. The Asia Pacific market for multi-walled carbon generated the highest revenue of over USD 700 million in 2017 and shall grow at a promising CAGR of 23%.
 

Asia Pacific is projected to grow at a growth rate of 24.0% till 2024. Europe and North America are other regions contributing to the global carbon nanotubes market share during the forecast period. The growing demand for lightweight composite materials in automotive, aerospace and defense industries in Europe and North America is anticipated to drive the demand for carbon nanotubes in the polymers segment during the forecast timeframe.
 

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

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Carbon Nanotubes 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:

Carbon Nanotubes Market of Product By Application

  • Single-walled carbon nanotubes
    • Polymers
    • Energy
    • Electricals & electronics
    • Others
  • Multi-walled carbon nanotubes
    • Polymers
    • Energy
    • Electricals & electronics
    • Others

Carbon Nanotubes Market By Application

  • Polymers
  • Energy
  • Electricals & electronics
  • Others

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

  • 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

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