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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
Report Format: PDF+Excel | Report ID: SR112023A5191
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Market Overview:
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.
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Report Attribute
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Key Statistics
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|---|---|
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Base Year
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2023
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|
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 5.7 Billion |
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Market Forecast in 2032
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US$ 22.3 Billion |
| Market Growth Rate 2024-2032 | 16.1% |
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.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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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 report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product, method and application.
Breakup by Product:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- 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:
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- 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:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Segment Coverage | Product, Method, Application, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | 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. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global carbon nanotubes market was valued at US$ 5.7 Billion in 2023.
We expect the global carbon nanotubes market to exhibit a CAGR of 16.1% during 2024-2032.
The widespread utilization of carbon nanotubes in manufacturing sporting goods, thin-film electronics, electromagnetic shields, water filters, etc., owing to their lightweight, highly flexible, and controlled temperature resistance properties, is primarily driving the global carbon nanotubes market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous end-use industries for carbon nanotubes.
Based on the product, the global carbon nanotubes market can be segmented into Multi Walled Carbon Nanotubes (MWCNT) and Single Walled Carbon Nanotubes (SWCNT). Currently, Multi Walled Carbon Nanotubes (MWCNT) holds the majority of the total market share.
Based on the method, the global carbon nanotubes market has been divided into Chemical Vapor Deposition (CVD), Catalytic Chemical Vapor Deposition (CCVD), high-pressure carbon monoxide reaction, and others. Among these, Chemical Vapor Deposition (CVD) method currently exhibits a clear dominance in the market.
Based on the application, the global carbon nanotubes market can be categorized into polymers, electrical and electronics, energy, and others. Currently, polymers account for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global carbon nanotubes market include 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.
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