Carbon Nanotubes (CNTs) Market Trends, Analysis, Segments, Key Players, Drivers and Forecast 2027
Market Highlights
The Global Carbon Nanotubes (CNTs) Market trends 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 trends 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 Trends 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 trends : 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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