IMARC Group, a leading market research company, has recently releases report titled “Carbon Nanotubes Market Report by Product (Multi Walled Carbon Nanotubes (MWCNT), Single Walled Carbon Nanotubes (SWCNT)), Method (Chemical Vapor Deposition (CVD), Catalytic Chemical Vapor Deposition (CCVD), High-Pressure Carbon Monoxide Reaction, and Others), Application (Polymers, Electrical and Electronics, Energy, and Others), and Region 2024-2032”, Offers a comprehensive analysis of the industry, which comprises insights on the global carbon nanotubes market.
How Big is the Carbon Nanotubes Market?
The global carbon nanotubes market size reached US$ 5.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 22.3 Billion by 2032, exhibiting a growth rate (CAGR) of 16.1% during 2024-2032.
Industry Overview of Carbon Nanotubes
Carbon nanotubes (CNTs) are nano-scale cylindrical carbon molecules formed by rolling a graphene sheet consisting of hexagonally arranged hybridized carbon atoms. They come in single-walled and multi-walled forms. CNTs have wide-ranging applications in the production of sporting goods, energy storage systems, device modeling, thin-film electronics, water filters, actuators, thermal conductivity, and electromagnetic shields. They possess properties such as small size, lightweight, high flexibility, cell membrane penetration, exceptional thermal conductivity, tensile strength, durability, electrical conductivity, and temperature resistance. Consequently, they are extensively utilized in diverse industries, including healthcare, energy, electronics, automotive, textiles, aerospace, defense, etc.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/carbon-nanotubes-market/requestsample
What are the growth prospects and trends in the carbon nanotubes industry?
The market is experiencing positive growth, primarily driven by the significant expansion of the aerospace industry worldwide. Additionally, CNTs are extensively employed in aircraft wings and fuselages to prevent icing, reduce satellite weight, and protect lighting systems. Furthermore, the adoption of multi-walled variants in cathode-ray lighting elements and wafer processing is contributing to market growth.
Besides this, ongoing product innovations, such as the development of environmentally friendly, high-purity CNTs produced through the chemical vapor deposition of camphor, are propelling market expansion. Moreover, the increasing demand for CNTs in the production of drug delivery systems and biosensing devices used for disease treatment and health monitoring is positively impacting the market growth.
Apart from this, the widespread use of CNTs in the electronics industry for manufacturing semiconductor devices, along with the rising demand for premium-quality fashion apparel and bulletproof jackets made from CNTs, are expected to drive market growth.
Leading Companies Operating in the Global Carbon Nanotubes Industry:
- Arkema S.A
- Cabot Corporation
- Carbon Solutions Inc.
- Cheap Tubes Inc.
- Jiangsu Cnano Technology Co. Ltd.
- Kumho Petrochemical Co. Ltd.
- LG Chem Ltd. (LG Corporation)
- Nanocyl SA
- OCSiAl
- Ossila Ltd.
- Raymor Industries Inc.
- Showa Denko K.K.
Carbon Nanotubes Market Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Product:
- Multi Walled Carbon Nanotubes (MWCNT)
- Single Walled Carbon Nanotubes (SWCNT)
Breakup by Method:
- Chemical Vapor Deposition (CVD)
- Catalytic Chemical Vapor Deposition (CCVD)
- High-Pressure Carbon Monoxide Reaction
- Others
Breakup by Application:
- Polymers
- Electrical and Electronics
- Energy
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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