Global Carbon Nanotubes Market Projected to Reach USD 15 Billion by 2026

17-Sep-2020 | Facts and Factors

Findings from Facts and Factors report “Carbon Nanotubes Market By Type (Single, Multi Walled) By Method (Chemical Vapor Deposition, Catalytic Chemical Vapor Deposition, High Pressure Carbon Monoxide) By Application (Electronics & Semiconductors, Advanced Materials, Chemical & Polymers, Batteries & Capacitors, Aerospace & Defense, Energy, Others): Global Carbon Nanotubes Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Carbon Nanotubes Market in 2019 was approximately USD 5 Billion. The market is expected to grow at a CAGR of 16% and is anticipated to reach around USD 15 Billion by 2026.

Carbon Nanotubes Market Size

Request Sample Request Customization Buy Now

Carbon nanotubes, commonly known as CNTs are an allotrope of carbon that comes in a long hollow cylindrical shape of carbon molecule and has a size range of 1-150nm. These tubes are made from layers of graphene which are rolled together to form a cylindrical shape. They are light in weight and have good thermal conductivity along with good mechanical strength and have a high aspect ratio making them an ideal option for several industrial applications.

Browse the full “Carbon Nanotubes Market By Type (Single, Multi Walled) By Method (Chemical Vapor Deposition, Catalytic Chemical Vapor Deposition, High-Pressure Carbon Monoxide) By Application (Electronics & Semiconductors, Advanced Materials, Chemical & Polymers, Batteries & Capacitors, Aerospace & Defense, Energy, Others): Global Carbon Nanotubes Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/carbon-nanotubes-market-by-type-single-multi-walled-1320

The market for Carbon Nanotubes is driven by its growing use in electrical applications, energy, and polymers. The surging adoption of carbon nanotubes in the aerospace industry owing to their strength and durability helps in the production of several lightweight structural aerospace components. As they help in improving the strength and weight of the polymers, they are used as a reinforcing material. The superconductivity properties make them a better replacement option for steel. The surging use of carbon nanotubes in wind turbines for enhancing its mechanical strength and extending the service life is also projected to dominate the market growth. The growing use of renewable energy and its implementation in several electrical devices and applications escalates the demand for the carbon nanotubes market.

The growing demand for electric vehicles working on lithium-ion batteries, which uses carbon nanotubes in its energy storage system has augmented market growth. However, the manufacturing of carbon nanotubes is too costly and has limited research and development facilities, which acts as a barrier to the growth of the market. The toxic chemicals that get emitted during the production of carbon tubes are considered to harm the safety of the environment and thus poses a threat to the growth of the market. Nevertheless, the growing opportunities from several emerging applications along with several investments in research and development activities for developing advanced carbon nanotubes provide lucrative growth opportunities for the market in the coming years.    

The multi-walled carbon nanotube is predicted to dominate the market as it is widely used for several applications such as batteries, heating films, nanodevices, thermal interface material, and chemical sensors. These multi-walled carbon nanotubes are highly conductive as they get properly integrated into a composite structure, leaving the inner walls to be non-conductive. The method of chemical vapor deposition is projected to show dominance as it is the most affordable method used in the production of carbon nanotubes and is a conventional method used by several manufacturers.

As per the application analysis, the electronics & semiconductors segment is expected to show dominance as these carbon nanotubes exhibit electrical properties and are considered to be a prime option in manufacturing electronic devices. The surging demand for energy generation through alternative options such as solar and wind energy, or electrically operated vehicles gives several growth opportunities for the market owing to the growing demand for solar cells, wind turbines, and lithium-ion batteries.

The region of Asia Pacific is anticipated to dominate the market owing to the rapid industrialization in countries such as China, India, and Vietnam. The growing automobile, electronics, and aerospace industry along with several governmental plans from China and India for increasing their solar energy output are estimated to fuel the market growth in the coming years.

Report Scope

Report Attribute

Details

Market Size in 2019

USD 5 Billion

Projected Market Size in 2026

USD 15 Billion

CAGR Growth Rate

16% CAGR

Base Year

2019

Forecast Years

2020-2026

Key Market Players

Arkema Group, Chasm Advanced Materials Inc., Showa Denko K.K., Arry International Group LTD., Ocsial Llc, Cheap Tubes Inc., Cnano Technology Limited, Futurecarbon GmbH, Carbon Solutions Inc., Hyperion Catalysis International, Hanwha Chemical Corp., Klean Industries Inc., CNT Co., Ltd., Continental Carbon Company, LG Chem, Nano-C Inc., Nanocyl SA, Toray Industries, Inc., and Others

Key Segment

By Type, Method, Application, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Purchase Options

Request customized purchase options to meet your research needs. Explore purchase options

The top key players in the Carbon Nanotubes Market are

Arkema Group, Chasm Advanced Materials Inc., Showa Denko K.K., Arry International Group LTD., Ocsial Llc, Cheap Tubes Inc., Cnano Technology Limited, Futurecarbon GmbH, Carbon Solutions Inc., Hyperion Catalysis International, Hanwha Chemical Corp., Klean Industries Inc., CNT Co., Ltd., Continental Carbon Company, LG Chem, Nano-C Inc., Nanocyl SA, Toray Industries, Inc.

This report segments the Carbon Nanotubes Market as follows:

By Type Segmentation Analysis

  • Single
  • Multi-Walled

By Method Analysis

  • Chemical Vapor Deposition
  • Catalytic Chemical Vapor Deposition
  • High-Pressure Carbon Monoxide

By Application Segmentation Analysis

  • Electronics & Semiconductors
  • Advanced Materials
  • Chemical & Polymers
  • Batteries & Capacitors
  • Aerospace & Defense
  • Energy
  • Others

By Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

About Us:

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Contact Us:
Facts & Factors

A 2108, Sargam,
Nanded City,
Sinhagad Road,
Pune 411041, India
USA: +1-347-989-3985
Email: [email protected]
Web: https://www.fnfresearch.com


Latest Market Research Reports

report img

Smart Home Devices Market Report 2024 – 2032

[210+ Pages Report] According to Facts Factors,the global smart home devices market size was valued at USD 140.52 billion in 2023 and is predicted to surpass USD 335.15 billion by the end of 2032. The smart home devices industry is expected to grow by a CAGR of 10.14% between 2024 and 2032. Smart H

Published Date : 10-Dec-2024 | | Category : Technology & Media | Pages : 210 | Format : Read more

Inquiry for Buying Request Sample
report img

Packaging Tubes Market Report 2024 – 2032

[209+ Pages Report] According to Facts Factors,the global packaging tubes market size was valued at USD 4.48 billion in 2023 and is predicted to surpass USD 7.33 billion by the end of 2032. The packaging tubes industry is expected to grow by a CAGR of 5.63% between 2024 and 2032. Packaging Tubes Ma

Published Date : 09-Dec-2024 | | Category : Packaging | Pages : 209 | Format : Read more

Inquiry for Buying Request Sample
report img

Digital Content Creation Market Report 2024 – 2032

[216+ Pages Report] According to Facts Factors,the global digital content creation market size was valued at USD 30.05 billion in 2023 and is predicted to surpass USD 94.24 billion by the end of 2032. The digital content creation industry is expected to grow by a CAGR of 13.54% between 2024 and 203

Published Date : 06-Dec-2024 | | Category : Technology & Media | Pages : 216 | Format : Read more

Inquiry for Buying Request Sample
report img

Patient Safety And Risk Management Software Market Report 2024 – 2032

[215+ Pages Report] According to Facts Factors,the global patient safety and risk management software market size was valued at USD 2,140.35 million in 2023 and is predicted to surpass USD 5,378.20 million by the end of 2032. The patient safety and risk management software industry is expected to g

Published Date : 05-Dec-2024 | | Category : Technology & Media | Pages : 215 | Format : Read more

Inquiry for Buying Request Sample
report img

Fitness Tracker Market Report 2024 – 2032

[214+ Pages Report] According to Facts Factors,the global fitness tracker market size was valued at USD 53.14 billion in 2023 and is predicted to surpass USD 247.09 billion by the end of 2032. The fitness tracker industry is expected to grow by a CAGR of 18.62% between 2024 and 2032. Fitness Tracke

Published Date : 04-Dec-2024 | | Category : Technology & Media | Pages : 214 | Format : Read more

Inquiry for Buying Request Sample

Why FnF Market Research?

1 Inflallible Methodology

to ensure high-level data integrity, accurate analysis, and impeccable forecasts

2 Analyst Support

for complete satisfaction

3 Customization

on-demand customization of scope of the report to exactly meet your needs

4 Targeted Market View

Targeted market view to provide pertinent information and save time of readers

5 Agile Approach

A faster and efficient way to cater to the needs with continuous iteration