Stratview Research releases a new report on the Carbon Nanotubes Market that shows lucrative growth opportunities in the global industry during the next five-year period. This report ensures reliable information related to the present and future market trends. The following summary will give an overview of the challenges, dynamics, and more details mentioned in the report.
Carbon Nanotubes Market Insights:
The carbon nanotubes market was estimated at USD 880 million in 2021 and is likely to grow at a CAGR of 14.19% during 2022-2028 to reach USD 2244.73 million in 2028.
The claim for carbon nanotubes has been growing rapidly in various applications such as integrated circuits, field emission displays, hydrogen storage, lithium batteries, solar PV cells, fuel cells, and drug delivery. Rising commercialization; ramping up of mounted dimensions; and technological progressions to minimize prices, enhance quality, and advance more innovative products are the drivers of the carbon nanotubes market. Presently, R&D is being adopted for seizing new applications, including glass ceramic, food material, structural steel, agriculture, and hair color. The relentless increase in the possibility of potential applications for carbon nanotubes will surge the demand going upward during the forecast period.
What are carbon nanotubes?
Carbon nanotubes are tiny allotropes of carbon with sizes measuring to the scale of nanometers. Driven by their thermal, electrical, and physical properties, they are considered to be the ideal claimant for various industrial applications. In addition, they bear remarkable properties such as excellent electrical conductivity and high tensile strength and also can withstand elevated temperatures.
Carbon nanotubes are extensively utilized in various industrial applications including electronics, polymers, medicine, aerospace, defense, automotive, and energy among a host of others.
The Carbon Nanotubes Market size depends upon several factors that have a direct or indirect influence on the demand and supply chain. The report published by Stratview Research throws light on the vital extracts of many such factors derived using different types of analysis like supply chain analysis, etc. These methods help in analyzing the core strength of the companies, identifying their growth strategies, and recognizing their gaps as well as opportunities to lay out an effective roadmap that leads to higher profitability.
Key Players
The report also highlights the topmost linchpins active in the market. According to the list, here are few key players mentioned in the report -
Arkema SA
Arry International Group Limited
Advanced Nanopower Inc.
Chasm Advanced Materials, Inc.
Chengdu Organic Chemicals Co. Ltd.
Carbon Solutions, Inc.
Cnano Technology Ltd.
Cheap Tubes, Inc.
Grafen Chemical Industries (Grafen Co.)
Hanwha Corporation
Market Segmentation:
The report segments based upon geographics, demographics, benefits and volume etc., identifies the most attractive segments and sub-segments and have different driving factors. The segmentation mentioned in the report has been arranged in such a way that it can help users to be more efficient in terms of time, investment, and other resources. It also allows businesses to learn more about their target audience so that they can tailor their strategies, and campaigns in increasing their market share and revenue.
Based on the type, the market is segmented into multi-walled carbon nanotubes and single-walled carbon nanotubes. The multi-walled carbon nanotube segment is estimated to register higher growth in the coming five years. The growth of this segment is attributed to the increasing use of MWCNTs in applications such as nanodevices, electrical conductivity, conductive transparent electrodes, super batteries, conductive heating films, chemical sensors, conductive nano inks, supercapacitors, energy storages, solar industries, and thermal interface material.
Based on the method type, the market is segmented as chemical vapor deposition (CVD), catalytic chemical vapor deposition (CCVD), high-pressure carbon monoxide reaction (HiPCO), and others. The CVD segment is estimated to register the highest growth during the forecast period. It is also projected to be the largest and fastest-growing segment in the coming five years. The growth of this segment is attributed to the fact that the CVD of hydrocarbons over metal catalytic agents is a traditional technique that has been employed by various manufacturers to manufacture carbon nanotubes. It is also an economical method, and it is anticipated that the price will further narrow down globally in the times to come.
On the basis of application type, the market is segmented as advanced materials, electronics & semiconductors, chemicals & polymers, batteries & capacitors, energy, aerospace & defense, medical, and others. The electronics & semiconductor segment is estimated to depict the highest growth during the forecast period. The growth of the segment is owing to the specific properties of carbon nanotubes which deliver exceptional electrical properties for manufacturing electronic devices such as diodes and field effect transistors.
In terms of regions, the Asia-Pacific region is estimated to depict the highest growth during the forecast period, which can be attributed to the increasing demand for carbon nanotubes from countries such as China, South Korea, India, Vietnam, Singapore, and Taiwan. The strong demand in the region is the prime factor for the growth of the global carbon nanotubes market. China is expected to dominate the demand for carbon nanotubes owing to its rising industrial production. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Report Customization Options
Stratview Research offers one of the following free customization options to the users along with this detailed report:
Company Profiling
· Detailed brief of additional market players.
· SWOT analysis of key players.
· Competitive Benchmarking
Benchmarking of the market key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.
Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.