Carbon Nanotubes (CNT) Market - Trends Forecast Till 2028

Carbon Nanotubes (CNT) Market, by Type (Single Walled & Multi Walled), End-use Industry (Electronics & Semiconductors, Chemical Materials & Polymers, Structural Composites, Energy & Storage, Medical), Method and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: November, 2021

Base Year Estimate: 2020

Report ID: D-CM-CNTM-372

Format:  

Number of Pages: 276

Domain: Chemicals & Materials

Carbon Nanotubes (CNT) Market – Trends Forecast Till 2028

The global Carbon Nanotubes (CNT) market size is projected to reach USD 1,719 million by 2026 at a CAGR of 14.5% from USD 877 million in 2021 during the forecast period 2021-2028.

Carbon nanotubes or CNT’s are small sized tubes made up of carbon and have diameter in the range of nano maters. Carbon nanotubes is an allotrope of carbon with arrangement of carbon molecules in between the fullerene and graphite. There are two major types of these tubes which are single wall nano tubes and multi walled nanotubes. These are various properties of these nano tubes like extremely high tensile strength, electrical conductivity and thermal conductivity.

The surge in demand from the APAC region along with the growth of end user industry along with the increasing demand for the light weight aircraft are some of the factors that have supported long-term expansion for Carbon Nanotubes (CNT) Market.

The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. Similar effect has been seen in this industry as well. According to IMF and world bank the greatest economic recession is expected in 2020-21.

Carbon Nanotubes (CNT) Market Analysis

APAC is expected to be the largest market during the forecast period. Due to the lowered labour cost, governmental policies, entrepreneurship have led to growth in the CNT market in the region. The developing nations are posing a higher demand.

Carbon Nanotubes (CNT) Market is segmented into type, method, end use industry and geography.

On the basis of Type

  • Single-Walled Carbon Nanotubes (SWCNT)
  • Multi-Walled Carbon Nanotubes (MWCNT)

On the basis of End-Use Industry

  • Electronics & Semiconductors
  • Energy & Storage
  • Chemical Material & Polymers
  • Medical
  • Structural Composites Applications
  • Others

On the basis of Method

  • Chemical Vapor Deposition
  • Catalytic Chemical Vapor Deposition (CCVD)
  • High-Pressure Carbon Monoxide Reaction
  • Others

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Carbon Nanotubes (CNT) Market Primary Respondent

 

Key Players

  • LG Chemical Limited
  • Cabot Corporation
  • Showa Denko K.K.
  • Jiangsu Cnano Technology Co., Ltd.
  • Chengdu Organic Chemicals Co. Ltd.

Recent Developments

  • In March 2021, ENERMAX 6 is a new product launched in the market by Cabot Corporation. It has proven to be the most conductive multi-walled CNT product due to its favourable properties in the company's portfolio. This product series is expected to enhance battery performance at lower loadings, and thus enables a higher energy density of batteries.
  • In August 2020, ChemSpec North America signed a non-exclusive distribution agreement with Belgium-based Nanocyl SA in order to promote and distribute Nanocyl’s multiwall carbon nanotube (“MWCNT”) products.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Carbon Nanotubes (CNT) market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 877 million

Growth Rate

CAGR of 14.5% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

type, method, end use industry and geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

LG Chemical Limited, Cabot Corporation, Showa Denko K.K., Jiangsu Cnano Technology Co., Ltd., and Chengdu Organic Chemicals Co. Ltd.

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