Carbon Nanotubes (CNTs) Market: Global Industry Analysis and Opportunity Assessment 2022-2030

December 28, 2021

Market Highlights

The Global Carbon Nanotubes (CNTs) Market was valued at USD 1,659.8 million in 2018 and is projected to register a CAGR of 20.36% to reach USD 6,026.4 Million by the end of 2025. Nanotechnology is the emerging field of science dealing with nanoparticles (1 nm = 10−9m). Carbon nanotubes (CNTs) are nanoparticles with a size range of 1–150 nm and they offer unique properties that are valuable in nanotechnology and other fields of material science. These tubes are made of layer/layers of graphene which are rolled to form a seamless cylinder. On the basis of number of tubes present, the CNTs are classified as single-walled carbon nanotubes (SWCNTs) and multi-walled carbon nanotubes (MWCNTs). Most of the SWCNTs have a diameter close to one micron and made by wrapping a one-atom-thick layer of graphene into seamless cylinder. On the other hand, MWCNTs consist of multiple rolled layers (concentric tubes) of graphene.

Segmental Analysis

According to MRFR analysis, the global carbon nanotubes (CNTs) market has been segmented based on type, method, end-use industry, and region.

Based on type, the global carbon nanotubes (CNTs) market has been bifurcated into single-walled carbon nanotubes (SWCNTs) and multi-walled carbon nanotubes (MWCNTs). Among these, the MWCNTs segment dominated the global carbon nanotubes market by volume in 2018 due to its low cost, which leads to its larger preference by consumers. The segment is expected to register a CAGR of over 22% during the forecast period.

By method, the global Carbon Nanotubes (Cnts) Market has been classified into chemical vapor deposition, high-pressure carbon monoxide disproportionation, arc discharge, laser ablation, and others. Among these, the chemical vapor deposition was the predominant market segment in 2018 with over 97% market share by volume due to its relatively high yield and low cost.

On the basis of end-use industry, the global carbon nanotubes (CNTs) market has been segmented into aerospace & defense, electrical & electronics, automotive, energy, sports, and others. Among them, the electricals & electronics segment held the largest market share of around 42% by volume in 2018 due to the increasing application of carbon nanotubes (CNTs) in the industry on account of its outstanding properties.

Regional Analysis

Geographically, the global carbon nanotubes market has been divided into Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa. As per MRFR analysis, the Asia Pacific market was the dominant regional market, accounting for the largest share of around 55% by volume in 2018 and is expected to register highest CAGR during the forecast period. Asia-Pacific is followed by North America, which accounted for the second-largest share of the global carbon nanotubes market in 2018.

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Market Players

Market Research Future (MRFR) recognizes the following companies as the key players in the Global Carbon Nanotubes Market: Arry International Group Limited (China), Showa Denko K.K. (Japan), Nanocyl SA (Belgium), Arkema SA (France), Carbon Solutions, Inc (US), Thomas Swan & Co. Ltd (UK), NanoLab Inc (US), Nanoshel LLC (US), KUMHO PETROCHEMICAL (South Korea), Grafen Inc (Turkey), and LG Chem (South Korea).

Key Findings of the Study:

The global carbon nanotubes market is projected to register a CAGR of 20.36% to reach USD 6,026.4 million by the end of 2025.

· Based on type, by volume, the MWCNTs segment held the largest market share in 2018 and is expected to grow at a CAGR of over 22% during the forecast period.

· Based on method, the chemical vapor deposition segment held the largest market share by value and volume in 2018. The segment was sized at 2,592.71tons in 2018.

· On the basis of end-use industry, the electricals & electronics segment was sized at 701,974.1 tons in 2018.

· Asia-Pacific accounted for the largest market share of 57.3% by volume in 2018 due to the rapid industrial growth in the region. The region is expected to grow at value CAGR of over 22% during the forecast period.

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