Market Overview:

The global carbon nanotubes market reached a value of US$ 4.05 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 10.8 Billion by 2027 exhibiting a growth rate (CAGR) of 17.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Carbon nanotubes (CNTs) are cylindrical molecules of carbon with sizes to the scale of nanometers. They consist of a hexagonal arrangement of hybridized carbon atoms produced by rolling a sheet of graphene. They are commonly available in single-walled and multi-walled variants. Carbon nanotubes are widely used in the manufacturing of sporting goods, device modeling and energy storage systems, thin-film electronics, actuators, water filters and thermal conductivity and electromagnetic shields. CNTs are small, lightweight and highly flexible and can penetrate cell membranes. They exhibit high thermal conductivity, tensile strength, durability, electrical conductivity and temperature resistance. As a result, they find extensive applications across various industries, such as healthcare, energy, electronics, automotive, textiles, aerospace and defense.

Carbon Nanotubes Market Trends:

Significant growth in the aerospace industry across the globe is one of the key factors creating a positive outlook for the market. CNTs are widely used in aircraft wings and fuselages for preventing aircraft icing, reducing satellite weight and protecting lighting systems. Additionally, the widespread adoption of multi-walled variants for cathode-ray lighting elements and wafer processing is favoring the market growth. Various product innovations, such as the development of high-purity CNTs that are environmentally friendly and are produced by chemical vapor deposition of camphor, are providing a thrust to the market growth. In line with this, the increasing product demand for the production of drug delivery and biosensing systems that are utilized for the treatment of diseases and monitoring health is positively impacting the market growth. Other factors, including the widespread product utilization in the electronics industry to manufacture semiconductor devices, along with the increasing demand for CNTs to manufacture premium-quality fashion apparel and bulletproof jackets, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global carbon nanotubes market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, method and application.

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
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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. and Showa Denko K.K.

Report Coverage: