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 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) refer to small cylindrical-shaped allotropic carbon structures manufactured under chemical vapor deposition. They possess astounding electronic, mechanical, chemical, and optical properties and are stronger than steel. They are manufactured by rolling single or multiple layers of graphene sheets of one atom thickness into a tube-like structure. They are elastic, conductors of heat, expand on heating, and contain a high thermal capacity. They can be transformed into sophisticated biosensing and biocompatible drug-delivery systems for targeting and eliminating tumor cells. They are also used to reinforce various materials, such as plastics and metals, to make them stronger and more resistant to damage. They are employed to manufacture various energy storage devices that are smaller, lighter, and more efficient than traditional storage devices. They are incorporated into filtration systems to separate particles that are bigger than their diameter and used to trap smaller-sized ions from a solution. They are also utilized for storing hydrogen in cryogenic temperatures as they possess large surface areas and small mass concentrations. They are employed in the production of various sports equipment, such as tennis rackets, golf clubs, and snowboards, to increase their strength. Furthermore, as CNTs are lightweight and provide enhanced chemical stability, their demand is rising around the world.
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?
At present, the increasing demand for CNTs in manufacturing actuators and electromagnetic shields represents one of the primary factors influencing the market positively. Besides this, the rising investments in drug development activities to treat various forms of cancers, such as breast, lung, blood, brain, prostate, kidney, liver, and cervical, and other life-threatening complications, are propelling the growth of the market.
In addition, the growing utilization of CNTs in the aerospace industry to improve the performance of aircraft, manufacture lightweight plane parts, and reduce the expenditure of fuel in operating aircraft is offering a favorable market outlook. Apart from this, the increasing demand for CNTs for the production of circuit boards and semiconductors used in various electronic devices, such as televisions, computers, mobile phones, and tablets, is contributing to the growth of the market.
Additionally, the rising utilization of CNTs to build modern microprocessors and transistors is supporting the growth of the market. Moreover, governing agencies of various countries are encouraging the utilization of renewable energy sources, such as solar, wind, and hydel power, to minimize the over-expenditure of natural resources and lower the levels of pollution, which is bolstering the growth of the market.
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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IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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