Carbon nanotubes (CNT) market is expected to reach USD 3,436.22 million by 2030, which was USD 1,019.66 million in 2022, registering a CAGR of 16.40% during the forecast period of 2023 to 2030
Carbon Nanotubes (CNT) Market report can be structured well with the blend of top attributes such as highest level of spirit, practical solutions, committed research and analysis, innovation, talent solutions, integrated approaches, most up-to-date technology and dedication. Further, strategic planning supports in improving and enhancing the products with respect to customer’s preferences and inclinations. The report comprises of all the market shares and approaches of the major competitors or the key players in the industry. Moreover, this market report also brings into the focus various strategies that have been used by other key players of the market or industry.
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Carbon nanotubes (CNT) are unidimensional allotropes of carbon which are prepared by rolling graphene sheets. It is an advanced material that is prepared for different applications such as transmission line cables, oven fabrics and textiles and body and vehicle armor. Carbon nanotubes (CNT) provide superior properties that make these nanotubes stronger than steel while also decreasing their weight. These molecules are rolled up into multi-walled or single-walled cylinders, resulting in unpredictable properties.
Carbon Nanotubes (CNT) Market Dynamics
Drivers
Increasing demand for carbon nanotubes (CNT) in the aerospace and defense industry
Growing demand for carbon nanotubes (CNT) in the aerospace and defense industry is one of the major factors likely to propel the market growth during the forecast period. This significant rise in market growth is due to their superior properties and ability to facilitate the designing of lightweight parts. Carbon nanotubes (CNT) are used in composite materials to decrease the risk of damage and penetration during lightning strikes on external aircraft surfaces.
Surging agreements and mergers between market players to promote and distribute carbon nanotubes (CNT)
Increasing agreements and mergers between market players to promote and distribute carbon nanotubes (CNT) will propel the growth of the carbon nanotubes (CNT) market. For instance, ChemSpec signed a contract with Nanocyl SA to promote and distribute Nanocyl's multiwall carbon nanotube products in 2020. ChemSpec will target the industrial manufacturing markets in Canada and the United States. ChemSpec will concentrate all its efforts on the expansion of MWCNT in elastomer and thermoplastic compounding.
Opportunities
Growing demand for single-walled carbon nanotubes
Rising demand for single-walled carbon nanotubes will likely create lucrative market opportunities during the forecast period. Single-walled carbon nanotubes are extensively used in numerous end-use industries such as electrical and electronics. They play a vital role in solar cells because of their high-performance capabilities at low density compared to multi-walled carbon nanotubes. With the increasing demand for energy with a main focus on clean energy sources, solar energy has a gain attraction, which will likely create ample growth opportunities for the market.
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Carbon Nanotubes (CNT) Market Regional Analysis/Insights
The countries covered in the carbon nanotubes (CNT) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the carbon nanotubes (CNT) market because of growing demand of carbon nanotubes (CNT) in electronic industries in this region. Furthermore, growth and expansion polymer industry in emerging countries such as India and China will further increase the market's growth.
North America is expected to be the fastest developing region from 2023 to 2030 because of the growing usage of carbon nanotubes (CNT) in various end-use industries such as electrical and electronics, aerospace and defense, automotive, and more.
Competitive Landscape and Carbon Nanotubes (CNT) Market Share Analysis
Some of the major players operating in the carbon nanotubes (CNT) market are:
LG Chem (South Korea)
Cabot Corporation (U.S.)
SHOWA DENKO K.K. (Japan)
Dupont (U.S.)
Solvay (Belgium)
DAIKIN INDUSTRIES, Ltd., (Japan)
Carbon Solutions, Inc. (U.S.)
OCSiAl (Luxembourg)
SABIC (Saudi Arabia)
Nanoshel LLC (U.S.)
Thomas Swan & Co. Ltd. (U.K.)
Nanothinx S.A. (Greece)
XinNano Materials, Inc. (China)
Continental Carbon Company. (U.S.)
KUMHO PETROCHEMICAL (South Korea)
Raymor Industries Inc. (Canada)
CHASM (U.S.)
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on the product portfolios of the top players in the Carbon Nanotubes (CNT) Market.
Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Carbon Nanotubes (CNT) Market.
Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Carbon Nanotubes (CNT) Market Landscape
Part 04: Global Carbon Nanotubes (CNT) Market Sizing
Part 05: Global Carbon Nanotubes (CNT) Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
This study answers to the below key questions:
What are the key factors driving the Carbon Nanotubes (CNT) Market?
What are the challenges to market growth?
Who are the key players in the Carbon Nanotubes (CNT) Market?
What are the market opportunities and threats faced by the key players?
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