Carbon Nanotubes Market to Reach Valuation of USD 1823.7 Million by 2028 – Increasing Demand in the End-use Industries Drives the Market

In terms of revenue, the Global Carbon Nanotubes Market is expected to reach USD 1823.7 Million by 2028, growing at a CAGR (Compound Annual Growth Rate) of 13.90% from 2022 to 2028.

The increased need for lightweight structural polymer composites, conductive fillers for EMI shielding materials, and antistatic packaging from automotive, electronics, energy, and industrial end users are some drivers driving the global market for Carbon Nanotubes. For example, fuel pumps, fuel filter housings, connectors, reservoirs, line clamps, and electronic housings all use carbon nanotube-based ESD materials. To create electromagnetic interference (EMI) shielding composites and antistatic packaging materials, the electrical and electronics sector uses CNTs. Although various conducting particles, including black carbon particles, carbon fibers, and metallic fibers, have been studied, CNTs have been shown to have superior EMI shielding properties because of their high aspect ratio, higher strength, flexibility, and low density, making them the perfect filler.

Key Highlights from Report

· Among Types, the Multi-Walled Carbon Nanotubes segment is anticipated to dominate the Carbon Nanotubes market with the highest market share during the forecast period. They are widely employed in electrical conductivity, conductive heating films, displays, nanodevices, supercapacitors, solar industries, batteries, and other applications.

· By Method, the Chemical Vapor Deposition (CVD) segment accounted for the highest CAGR in the forecast period. The chemical vapor deposition category is dominated by CVD, with catalytic chemical vapor deposition (CCVD) and high-pressure carbon monoxide reactions coming in second and third, respectively (HPCMR).

· Geographically, Asia Pacific held the largest market share in 2021 and is likely to be the most profitable market in the forecast period. Due to rising R&D expenditures, increased adoption of cutting-edge technology, the presence of key businesses, and rising demand from many industries like automotive, aerospace, and other industrial applications, this region experienced significant growth.

Market Dynamics

Because of their unique electrical, physical, and thermal characteristics, Carbon Nanotubes are used in a wide range of industries. The Carbon Nanotubes are only a few nanometers in diameter and offer exceptional qualities, including electrical conductivity, good tensile strength, and the ability to tolerate high temperatures. Carbon Nanotubes are a reinforcing ingredient in the polymers sector to strengthen and provide lightweight polymers. The process of making the turbine blades also use Carbon Nanotubes. The use of Carbon Nanotubes enhances these wind turbines' mechanical strength. Wind turbines have a longer lifespan as a result. Electronic display displays for numerous electronic items are also made with Carbon Nanotubes. Since there is a high demand for electrical and electronic devices in many developing and developed countries, Carbon Nanotubes are anticipated to increase in these markets. Carbon Nanotubes are widely used in producing the display screens of televisions, laptops, phones, computers, etc. The electrical and electronics sector is expanding in the Asia Pacific area.

The electronics industry is a perfect fit for Carbon Nanotubes. Due to their excellent mechanical and electrical characteristics, Carbon Nanotubes are preferred in electronic applications. The market is anticipated to expand over the forecast period due to the utilization of new technologies and rising development in this region. There is a rise in demand for electronics products in developing countries like China, South Korea, and Japan. The industrial industries are purchasing Carbon Nanotubes because of the global demand for technological goods. The electronics manufacturing sector has a high demand for semiconductors. The Carbon Nanotubes market is anticipated to have strong demand in the upcoming years due to the market's quick technological improvements and increased investments by many significant market participants.

Most manufacturers are headquartered in North America, so this market is anticipated to expand at a high rate over the forecast period. Industry development in this region will be aided by significant financing for polymer and composites research and the manufacturing base of a few specific polymers, primarily in the United States, particularly PEI and PEEK. In addition, regional growth will be aided by the rising demand for polymer manufacturing to enhance the bulk product's mechanical, thermal, and electrical qualities. Regulations put in place by the government to support green energy are also to help the market expand overall.

The Global Carbon Nanotubes Market is Segmented as follows

• Types
  • Single-Walled Carbon Nanotubes (SWCNT)
  • Multi-Walled Carbon Nanotubes (MWCNT)
• Methods
  • Chemical Vapor Deposition
  • Catalytic Chemical Vapor Deposition (CCVD)
  • High-Pressure Carbon Monoxide Reaction
  • Other Methods
• End-Use Industries
  • Electronics & Semiconductors
  • Energy & Storage
  • Chemical Material & Polymers
  • Medical
  • Structural Composites Application
  • Other Industries
• Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

List of the Key Players of the Global Carbon Nanotubes Market is

Arkema SA (France), Cabot Corporation (US), CHASM Advanced Materials Inc. (US), CHEAP TUBES (US), Hyperion Catalysis International (US), Jiangsu Tiannai Technology Co. Ltd. (China), Klean Industries Inc. (Canada), Kumho Petrochemical (South Korea), LG Chem (South Korea), Nano-C (US), Nanocyl SA (Belgium), Nanostructured & Amorphous Materials Inc. (US), Nopo Nanotechnologies (India), OCSiAl (Luxembourg), Ossila Ltd. (UK), Raymor Industries (Canada), Showa Denko K.K. (Japan), Thomas Swan & Co. Ltd. (UK), Tokyo Chemical Industry Co. Ltd. (Japan), Toray Industries (Japan)

The Global Carbon Nanotubes Market Scope can be Tabulated as below