Dublin, May 31, 2021 (GLOBE NEWSWIRE) -- The "Global Carbon Nanotubes (CNT) Market by Type (Single Walled & Multi Walled), End-Use Industry (Electronics & Semiconductors, Chemical Materials & Polymers, Structural Composites, Energy & Storage, Medical), Method, and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The carbon nanotubes market is projected to grow from USD 876 million in 2021 to USD 1,714 million by 2026, at a CAGR of 14.4% between 2021 and 2026.
The demand and use of CNTs are rapidly increasing in medical, aerospace & defense, coatings, and other applications, especially in the APAC region.
The driving factor for the CNTs market is the intrinsic mechanical properties of CNTs, which make them the ultimate nanomaterial. CNTs have a unique combination of stiffness, strength, and tenacity compared to other fiber materials that usually lack one or more of these properties.
The restraining factors of the market are very high prices, limited knowledge, and easy availability of substitutes. The growth of the CNTs market is affected by its cost structure, processing difficulties, and the availability of substitutes, such as silicon carbide nanotubes (SiCNTs). CNT manufacturing methods, such as arc-discharge and laser ablation methods, are expensive, hazardous to the environment, and uneconomical for large-scale production.
Energy & Storage is projected to be the largest end-use industry of carbon nanotubes market
Energy & Storage is the largest end-use industry segment, in terms of both volume, in 2020. Energy & storage segment is sub segmented into lithium-ion batteries, fuel cells, solar PV cells, hydrogen storage, electrochemical supercapacitors, propellants, and others. The lithium-ion batteries sub-segment is expected to account for the larger share of the CNTs market in the energy & storage segment during the forecast period. The demand for lithium-ion batteries is rapidly increasing in vehicles that require lightweight and high-energy density solutions. These batteries provide the highest energy density per weight and are used in cellular phones, notebook computers, and hybrid automobiles.
Single-walled carbon nanotubes is the fastest-growing resin segment of the carbon nanotubes market
Single-walled carbon nanotubes (SWCNT) is the fastest-growing resin segment, in terms of volume, between 2020 and 2025. SWCNT are used in electrical conductive transparent electrodes, conductive heating films, conductive nano inks, nanodevices, displays, chemical sensors, super batteries, supercapacitors, energy storage, solar cells, and thermal interface material among other applications. The high demand from various applications, including drug delivery, field emission, interconnects, sensors, and biomedical applications, is also driving the growth of the SWCNT market.
APAC is the fastest market for carbon nanotubes during the forecast period
APAC is projected to be the largest and the fastest-growing market for carbon nanotubes during the forecast period. Easy availability of raw materials at competitive prices and cheap labor force have made APAC the biggest market for CNTs. Global manufacturers are increasingly setting up their production plants in the region in a bid to ramp up production and increase sales. The major end-use industries of CNTs are electronics & semiconductor, energy & storage, structural composites application, chemical materials & polymers, medical, and others.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Carbon Nanotubes Market
4.2 Carbon Nanotubes Market, by End-Use Industry
4.3 APAC: Carbon Nanotubes Market, by End-Use Industry and Country, 2020
4.4 CNTs Market: Developed Vs. Developing Countries
4.5 Carbon Nanotubes Market: Growing Demand from APAC
4.6 Carbon Nanotubes Market: by Major Countries
5 Market Overview
5.2 Market Dynamics
5.2.1 Drivers, Restraints, Opportunities, and Challenges, in the Carbon Nanotubes Market
18.104.22.168 Emerging Demand from the APAC Region
22.214.171.124 High Growth of End-Use Industries, Such as Electrical & Electronics and Automotive
126.96.36.199 Increasing Demand for Lightweight and Low Carbon- Emitting Vehicles
188.8.131.52 Technological Advancements and Decreasing Production Cost
184.108.40.206 Environmental Concern and Health & Safety Issues
220.127.116.11 Growth in Emerging Applications
18.104.22.168 Maintaining Quality and Reducing Processing Cost
22.214.171.124 Stringent and Time-Consuming Regulatory Policies
5.3 Porter's Five Forces Analysis
5.4 Macroeconomic Overview and Key Trends
5.5 COVID-19 Impact
5.6 COVID-19 Economic Assessment
5.7 Average Selling Price Trend
5.8 Patent Analysis
5.9 Case Study Analysis
5.11 Value Chain Analysis
5.12 Technology Analysis
5.13 Carbon Nanotubes Ecosystem
5.14 Impact of Trends and Technology Disruption on Manufacturers: YC and YCC Shift
6 Carbon Nanotubes Market, by Type
7 Carbon Nanotubes Market, by Method
8 Carbon Nanotubes Market, by End-Use Industry
9 Carbon Nanotubes Market, by Region
10 Competitive Landscape
11 Company Profiles
11.1 Major Companies
11.2 LG Chemical Limited
11.3 Cabot Corporation
11.4 Showa Denko K.K.
11.5 Jiangsu Cnano Technology Co. Ltd.
11.6 Chengdu Organic Chemicals Co. Ltd.
11.7 Nanocyl SA
11.8 Arkema SA
11.9 Sumitomo Corporation
11.10 Cheap Tubes, Inc.
11.11 Hanwha Corporation
11.12 Arry International Group Limited
11.13 Carbon Solutions, Inc.
11.15 Other Key Companies
11.15.2 Kumho Petrochemical Co. Ltd.
11.15.3 Klean Commodities
11.15.4 Thomas Swan & Co. Limited
11.15.6 Nanolab Inc.
11.15.7 Nanoshel LLC
11.15.8 Chasm Advanced Materials, Inc.
11.15.9 Nanothinx S.A.
11.15.10 Nano-C Inc.
11.15.11 Xinnano Materials, Inc.
11.15.12 Reinste Nano Ventures
11.15.14 Hyperion Catalysis International, Inc.
11.16 List of Other Companies
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