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Carbon Nanotubes Market, By Type (Single Walled Nanotubes (SWNT), Multi Walled Nanotubes (MWNT)) For Polymers, Electrical and Electronics, Energy, Composites, and other applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 10-May-2021 Category: Chemical & Materials Report Format : PDF Pages: 167 Report Code: ZMR-324 Status : Published

The global carbon nanotubes market accounted for USD 4.48 Billion in 2020 and is expected to reach USD 14.78 Billion by 2028, growing at a CAGR of 18.6% from 2021 to 2028.

Description

Market Overview

The global carbon nanotubes market accounted for USD 4.48 Billion in 2020 and is expected to reach USD 14.78 Billion by 2028, growing at a CAGR of 18.6% from 2021 to 2028.

The carbon nanotubes are cylindrical molecules consisting of rolled-up sheets of single-layer carbon atoms or graphene, that can be single walled or multi walled. Similar to their building block, graphene, the carbon nanotubes are chemically bonded with sp2 bonds, which is considered as an extremely strong form of molecular interaction. Additionally, carbon nanotubes also bond together through van der Waals forces. The presence of sp2 bonds and van der Waals forces allows development of high-strength and low-weight materials with high thermal and electrical conductivity.

The carbon nanotubes are different from that of the carbon nanofibers and have different lattice structure. The length of carbon nanotubes ranges from micrometers to millimeters depending on the type of carbon nanotubes and area of application. The carbon nanotubes offer high mechanical strength, light weight, high thermal and electrical conductivity, and high aspect ratio. Owing to these properties, the carbon nanotubes are being used across wide applications spanning automotive, electronics, energy, and aerospace & defense industries.

COVID-19 Impact Analysis

The global carbon nanotubes market has witnessed a decrease in the sales for short term due to the enforcement of lockdown by governments to contain and prevent spreading of COVID-19. This has negatively impacted consumer spending, consumption patterns, supply chains and production schedules across the globe. However, with relaxing of lockdown across major production hubs and opening of global markets, the demand for carbon nanotubes is gaining traction. The resumption of production activities across the major application industries such as electronics & semiconductor is contributing towards a surge in demand of carbon nanotubes.

Growth Factors

Expansion of telecommunication infrastructure across the globe has fueled the demand for portable and efficient network equipment and user equipment. For instance, rising adoption of Internet of Things (IoT) devices and rising penetration of 5G is driving the demand for advanced electronic components, devices, and materials. This in turn, is driving the growth of carbon nanotubes market owing to there applications in integrated circuits and electronic components such as diodes and FETs.

Adoption of renewable energy sources has increased significantly during past decade and industry players are focusing to develop advanced energy harnessing and energy storage systems. Carbon nanotubes are used across wide range of energy generation and storage systems such as fuel cells, lithium batteries, and solar PV cells. Growing investment and rising awareness regarding the use of renewable energy sources is complimenting the growth of the global carbon nanotubes market.

Report Scope:

 

Type Segment Analysis Preview

Based on type, the global carbon nanotubes market is segmented into single-walled carbon nanotubes, and multi-walled carbon nanotubes. The single-walled carbon nanotubes have diameter less than one nanometer, while multi-walled carbon nanotubes can have diameters in the range of 100 nanometers. The multi-walled carbon nanotubes accounted for a prominent share of the global carbon nanotubes market in 2020 and is anticipated to be the fastest growing segment during the forecast period. The growth is primarily attributed to expanding applications of multi-walled carbon nanotubes across diverse end use industries.

Technology Segment Analysis Preview

Based on technology, the global carbon nanotubes market is segmented into high pressure carbon monoxide reaction, chemical vapor deposition, catalytic chemical vapor deposition, and others. The chemical vapor deposition is the most widely used technology for manufacturing carbon nanotubes. Chemical vapor deposition is a classical method used by carbon nanotube manufacturers, wherein the chemical vapor deposition of hydrocarbons is done for producing carbon nanotubes. Thus, the chemical vapor deposition segment is anticipated to be the fastest growing segment during the forecast period.

End Use Industry Segment Analysis Preview

Based on end use industry, the market is segmented into aerospace & defense, electronics & semiconductors, energy and utility, healthcare, pharmaceuticals, and others. The electronics & semiconductor segment is anticipated to witness strong growth during the forecast period owing to increased demand from printed circuit board and component manufacturing. Additionally, carbon nanotubes are also used in fabrication of diodes and field effect transistor (FET) by chemical doping and polymer coating, which is anticipated to drive the growth of electronics & semiconductor segment during the forecast period.

Regional Analysis Preview

Asia Pacific held a share of around 42% in 2020 and is anticipated to be the fastest growing segment during the forecast period. The growth is attributed to the expanding electronics and semiconductor manufacturing industry in major countries such as China, India, and South Korea. Additionally, increased investment in indigenous manufacturing of aerospace & defense equipment and chemicals & advanced materials is expected to bolster the growth of Asia Pacific carbon nanotubes market in coming years.

North America contributed a prominent share to the global carbon nanotubes market in 2020 and is anticipated to expand at a CAGR of around 15% during the forecast period from 2021 to 2028. The carbon nanotubes market in North America is primarily driven by rising demand from aerospace and defense manufacturers. Rising adoption of carbon nanotubes in healthcare and pharmaceutical industries in the United States is another factor driving the North America carbon nanotubes market.

Key Market Players & Competitive Landscape

Some of key players in carbon nanotubes market are Cheap Tubes Inc., Klean Carbon Inc., Carbon Solutions, Inc., Nanocyl S.A., Nanolab Inc., Nanothinx S.A., Southwest Nanotechnologies, Inc., Toray Industries, Inc., Hanwha Chemical Co. Ltd., and Arry International Group Limited among others.

The global carbon nanotubes market is segmented as follows:

By Type

  • Single-walled Carbon Nanotubes
  • Multi-walled Carbon Nanotubes

By Technology

  • High Pressure Carbon Monoxide Reaction
  • Chemical Vapor Deposition
  • Catalytic Chemical Vapor Deposition
  • Others

By End Use Industry

  • Aerospace & Defense
  • Electronics & Semiconductors
  • Chemical & Advanced Materials
  • Energy and Utility
  • Healthcare
  • Pharmaceuticals
  • Others

By Region

  • 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

Table Of Content

  • Chapter 1: Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter 2: Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
      • 2.1.2. Market Attractiveness Analysis, By Type
      • 2.1.3. Market Attractiveness Analysis, By Technulogy
      • 2.1.4. Market Attractiveness Analysis, By End Use Industry
      • 2.1.5. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Carbon Nanotubes Market, 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter 3: COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter 4: Carbon Nanotubes Market –Type Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Type, 2020 & 2028
    • 4.2. Single-walled Carbon Nanotubes
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Multi-walled Carbon Nanotubes
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter 5: Carbon Nanotubes Market –Technulogy Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Technulogy, 2020 & 2028
    • 5.2. High Pressure Carbon Monoxide Reaction
      • 5.2.1. Market Size and Forecast, By Region (USD Billion)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Chemical Vapor Deposition
      • 5.3.1. Market Size and Forecast, By Region (USD Billion)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Catalytic Chemical Vapor Deposition
      • 5.4.1. Market Size and Forecast, By Region (USD Billion)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Others
      • 5.5.1. Market Size and Forecast, By Region (USD Billion)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter 6: Carbon Nanotubes Market – End Use Industry Segment Analysis
    • 6.1. Overview
      • 6.1.1. Market Revenue Share, By Technulogy, 2020 & 2028
    • 6.2. Aerospace & Defense
      • 6.2.1. Market Size and Forecast, By Region (USD Billion)
      • 6.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.3. Electronics & Semiconductors
      • 6.3.1. Market Size and Forecast, By Region (USD Billion)
      • 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.4. Chemical & Advanced Materials
      • 6.4.1. Market Size and Forecast, By Region (USD Billion)
      • 6.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.5. Energy and Utility
      • 6.5.1. Market Size and Forecast, By Region (USD Billion)
      • 6.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.6. Healthcare
      • 6.6.1. Market Size and Forecast, By Region (USD Billion)
      • 6.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.6.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.7. Pharmaceuticals
      • 6.7.1. Market Size and Forecast, By Region (USD Billion)
      • 6.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.7.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.8. Others
      • 6.8.1. Market Size and Forecast, By Region (USD Billion)
      • 6.8.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.8.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter 7: Carbon Nanotubes Market – Regional Analysis
    • 7.1. Overview
      • 7.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 7.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 7.2. North America
      • 7.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.2.2. North America Market Revenue, By Type, 2016 – 2028
      • 7.2.3. North America Market Revenue, By Technulogy, 2016 – 2028
      • 7.2.4. North America Market Revenue, By End Use Industry, 2016 – 2028
      • 7.2.5. U.S.
        • 7.2.5.1. U.S. Market Revenue, By Type, 2016 – 2028
        • 7.2.5.2. U.S. Market Revenue, By Technulogy, 2016 – 2028
        • 7.2.5.3. U.S. Market Revenue, By End Use Industry, 2016 – 2028
      • 7.2.6. Canada
        • 7.2.6.1. Canada Market Revenue, By Type, 2016 – 2028
        • 7.2.6.2. Canada Market Revenue, By Technulogy, 2016 – 2028
        • 7.2.6.3. Canada Market Revenue, By End Use Industry, 2016 – 2028
      • 7.2.7. Mexico
        • 7.2.7.1. Mexico Market Revenue, By Type, 2016 – 2028
        • 7.2.7.2. Mexico Market Revenue, By Technulogy, 2016 – 2028
        • 7.2.7.3. Mexico Market Revenue, By End Use Industry, 2016 – 2028
    • 7.3. Europe
      • 7.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.3.2. Europe Market Revenue, By Type, 2016 – 2028
      • 7.3.3. Europe Market Revenue, By Technulogy, 2016 – 2028
      • 7.3.4. Europe Market Revenue, By End Use Industry, 2016 – 2028
      • 7.3.5. Germany
        • 7.3.5.1. Germany Market Revenue, By Type, 2016 – 2028
        • 7.3.5.2. Germany Market Revenue, By Technulogy, 2016 – 2028
        • 7.3.5.3. Germany Market Revenue, By End Use Industry, 2016 – 2028
      • 7.3.6. France
        • 7.3.6.1. France Market Revenue, By Type, 2016 – 2028
        • 7.3.6.2. France Market Revenue, By Technulogy, 2016 – 2028
        • 7.3.6.3. France Market Revenue, By End Use Industry, 2016 – 2028
      • 7.3.7. U.K.
        • 7.3.7.1. U.K. Market Revenue, By Type, 2016 – 2028
        • 7.3.7.2. U.K. Market Revenue, By Technulogy, 2016 – 2028
        • 7.3.7.3. U.K. Market Revenue, By End Use Industry, 2016 – 2028
      • 7.3.8. Italy
        • 7.3.8.1. Italy Market Revenue, By Type, 2016 – 2028
        • 7.3.8.2. Italy Market Revenue, By Technulogy, 2016 – 2028
        • 7.3.8.3. Italy Market Revenue, By End Use Industry, 2016 – 2028
      • 7.3.9. Spain
        • 7.3.9.1. Spain Market Revenue, By Type, 2016 – 2028
        • 7.3.9.2. Spain Market Revenue, By Technulogy, 2016 – 2028
        • 7.3.9.3. Spain Market Revenue, By End Use Industry, 2016 – 2028
      • 7.3.10. Rest of Europe
        • 7.3.10.1. Rest of Europe Market Revenue, By Type, 2016 – 2028
        • 7.3.10.2. Rest of Europe Market Revenue, By Technulogy, 2016 – 2028
        • 7.3.10.3. Rest of Europe Market Revenue, By End Use Industry, 2016 – 2028
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.4.2. Asia Pacific Market Revenue, By Type, 2016 – 2028
      • 7.4.3. Asia Pacific Market Revenue, By Technulogy, 2016 – 2028
      • 7.4.4. Asia Pacific Market Revenue, By End Use Industry, 2016 – 2028
      • 7.4.5. China
        • 7.4.5.1. China Market Revenue, By Type, 2016 – 2028
        • 7.4.5.2. China Market Revenue, By Technulogy, 2016 – 2028
        • 7.4.5.3. China Market Revenue, By End Use Industry, 2016 – 2028
      • 7.4.6. Japan
        • 7.4.6.1. Japan Market Revenue, By Type, 2016 – 2028
        • 7.4.6.2. Japan Market Revenue, By Technulogy, 2016 – 2028
        • 7.4.6.3. Japan Market Revenue, By End Use Industry, 2016 – 2028
      • 7.4.7. India
        • 7.4.7.1. India Market Revenue, By Type, 2016 – 2028
        • 7.4.7.2. India Market Revenue, By Technulogy, 2016 – 2028
        • 7.4.7.3. India Market Revenue, By End Use Industry, 2016 – 2028
      • 7.4.8. South Korea
        • 7.4.8.1. South Korea Market Revenue, By Type, 2016 – 2028
        • 7.4.8.2. South Korea Market Revenue, By Technulogy, 2016 – 2028
        • 7.4.8.3. South Korea Market Revenue, By End Use Industry, 2016 – 2028
      • 7.4.9. South-East Asia
        • 7.4.9.1. South-East Asia Market Revenue, By Type, 2016 – 2028
        • 7.4.9.2. South-East Asia Market Revenue, By Technulogy, 2016 – 2028
        • 7.4.9.3. South-East Asia Market Revenue, By End Use Industry, 2016 – 2028
      • 7.4.10. Rest of Asia Pacific
        • 7.4.10.1. Rest of Asia Pacific Market Revenue, By Type, 2016 – 2028
        • 7.4.10.2. Rest of Asia Pacific Market Revenue, By Technulogy, 2016 – 2028
        • 7.4.10.3. Rest of Asia Pacific Market Revenue, By End Use Industry, 2016 – 2028
    • 7.5. Latin America
      • 7.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.5.2. Latin America Market Revenue, By Type, 2016 – 2028
      • 7.5.3. Latin America Market Revenue, By Technulogy, 2016 – 2028
      • 7.5.4. Latin America Market Revenue, By End Use Industry, 2016 – 2028
      • 7.5.5. Brazil
        • 7.5.5.1. Brazil Market Revenue, By Type, 2016 – 2028
        • 7.5.5.2. Brazil Market Revenue, By Technulogy, 2016 – 2028
        • 7.5.5.3. Brazil Market Revenue, By End Use Industry, 2016 – 2028
      • 7.5.6. Argentina
        • 7.5.6.1. Argentina Market Revenue, By Type, 2016 – 2028
        • 7.5.6.2. Argentina Market Revenue, By Technulogy, 2016 – 2028
        • 7.5.6.3. Argentina Market Revenue, By End Use Industry, 2016 – 2028
      • 7.5.7. Rest of Latin America
        • 7.5.7.1. Rest of Latin America Market Revenue, By Type, 2016 – 2028
        • 7.5.7.2. Rest of Latin America Market Revenue, By Technulogy, 2016 – 2028
        • 7.5.7.3. Rest of Latin America Market Revenue, By End Use Industry, 2016 – 2028
    • 7.6. Middle-East and Africa
      • 7.6.1. Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.6.2. Middle-East and Africa Market Revenue, By Type, 2016 – 2028
      • 7.6.3. Middle-East and Africa Market Revenue, By Technulogy, 2016 – 2028
      • 7.6.4. Middle-East and Africa Market Revenue, By End Use Industry, 2016 – 2028
      • 7.6.5. GCC Countries
        • 7.6.5.1. GCC Countries Market Revenue, By Type, 2016 – 2028
        • 7.6.5.2. GCC Countries Market Revenue, By Technulogy, 2016 – 2028
        • 7.6.5.3. GCC Countries Market Revenue, By End Use Industry, 2016 – 2028
      • 7.6.6. South Africa
        • 7.6.6.1. South Africa Market Revenue, By Type, 2016 – 2028
        • 7.6.6.2. South Africa Market Revenue, By Technulogy, 2016 – 2028
        • 7.6.6.3. South Africa Market Revenue, By End Use Industry, 2016 – 2028
      • 7.6.7. Rest of Middle-East and Africa
        • 7.6.7.1. Rest of Middle-East and Africa Market Revenue, By Type, 2016 – 2028
        • 7.6.7.2. Rest of Middle-East and Africa Market Revenue, By Technulogy, 2016 – 2028
        • 7.6.7.3. Rest of Middle-East and Africa Market Revenue, By End Use Industry, 2016 – 2028
  • Chapter 8: Carbon Nanotubes Market – Industry Analysis
    • 8.1. Introduction
    • 8.2. Market Drivers
      • 8.2.1. Driving Factor 1 Analysis
      • 8.2.2. Driving Factor 2 Analysis
    • 8.3. Market Restraints
      • 8.3.1. Restraining Factor Analysis
    • 8.4. Market Opportunities
      • 8.4.1. Market Opportunity Analysis
    • 8.5. Porter’s Five Forces Analysis
    • 8.6. PEST Analysis
    • 8.7. Regulatory Landscape
    • 8.8. Technulogy Landscape
    • 8.9. Regional Market Trends
      • 8.9.1. North America
      • 8.9.2. Europe
      • 8.9.3. Asia Pacific
      • 8.9.4. Latin America
      • 8.9.5. The Middle-East and Africa
    • 8.10. Pricing Analysis
    • 8.11. Value Chain Analysis
    • 8.12. Downstream Buyers
    • 8.13. Distributors/Traders List
  • Chapter 9: Competitive Landscape
    • 9.1. Company Market Share Analysis – 2019
      • 9.1.1. Global Carbon Nanotubes Market: Company Market Share, 2019
      • 9.1.2. Global Carbon Nanotubes Market, Company Market Revenue, 2016 – 2019 (USD Billion)
      • 9.1.3. Global Carbon Nanotubes Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 9.1.4. Global Carbon Nanotubes Market: Radar Determinant Chart, 2019
    • 9.2. Strategic Developments
      • 9.2.1. Acquisitions & Mergers
      • 9.2.2. New Product Launch
      • 9.2.3. Regional Expansion
    • 9.3. Company Strategic Developments – Heat Map Analysis
  • Chapter 10: Company Profiles
    • 10.1. Cheap Tubes Inc.
      • 10.1.1. Company Overview
      • 10.1.2. Key Executives
      • 10.1.3. Product Portfulio
      • 10.1.4. Financial Overview
      • 10.1.5. Operating Business Segments
      • 10.1.6. Business Performance
      • 10.1.7. Recent Developments
    • 10.2. Klean Carbon Inc.
    • 10.3. Carbon Sulutions, Inc.
    • 10.4. Nanocyl S.A.
    • 10.5. Nanulab Inc.
    • 10.6. Nanothinx S.A.
    • 10.7. Southwest Nanotechnulogies, Inc.
    • 10.8. Toray Industries, Inc.
    • 10.9. Hanwha Chemical Co. Ltd.
    • 10.10. Arry International Group Limited
  • Chapter 11: Marketing Strategy Analysis
    • 11.1. Marketing Channel
    • 11.2. Direct Marketing
    • 11.3. Indirect Marketing
    • 11.4. Marketing Channel Development Trends
    • 11.5. Economic/Pulitical Environmental Change
  • Chapter 12: Research Methodulogy
    • 12.1. Research Methodulogy
    • 12.2. Phase I - Secondary Research
    • 12.3. Phase II - Data Modeling
      • 12.3.1. Company Share Analysis Model
      • 12.3.2. Revenue Based Modeling
    • 12.4. Phase III - Primary Research
    • 12.5. Research Limitations
      • 12.5.1. Assumptions

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Carbon Nanotubes market. Zion Research has collected and analyzed key data belong to the global Carbon Nanotubes market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Carbon Nanotubes across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Carbon Nanotubes industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Carbon Nanotubes market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Carbon nanotubes are made up of carbon atoms linked in hexagonal shapes. Each carbon atom of the carbon nanotube is bonded to three other carbon atoms. Carbon nanotubes have diameters 1 nm (nano meter) or less and lengths up to several centimeters. A nano meter is about 50,000 times smaller than a human hair or one billionth of the meter. Carbon nanotubes are unique because they have high aspect ratios. Aspect ratio is defined as the ratio of length to diameter of the nanotube. Carbon nanotubes are available in the cylindrical shape and are classified as open-end cylindered and close end cylindered.

Carbon nanotubes have two main types, one is single-walled nanotubes (SWNT) and another is multi-walled nanotubes (MWNT).Carbon nanotubes occur as multiple concentric layers of carbon atoms, called multi-walled nanotubes. Multi-walled carbon nanotubes (MWCNT) consist of multiple layers of graphite or carbon. Multi-walled carbon nanotubes were the largest type segment, accounting for more than 83% share of the global CNT (carbon nanotubes) market in 2015. MWCNT have properties such as high mechanical strength (up to 30 times higher than steel), electricity conductivity and thermal conductivity (seven times higher than copper). Production of single-walled carbon nanotubes have been initiated, promising new market opportunities in sensors, transistors, and transparent conductive films.

Global-Carbon-Nanotubes-Market

On the basis of applications, carbon nanotubes are used in electrical and electronics, energy, aerospace, polymers and composites sectors. Among all, polymers segment has been dominating the CNT market in the past five years. Electrical & electronics accounted for the second-largest share of the CNT in 2015. Penetration of carbon nanotubes has increased in transistors, semiconductors, touch sensors, cathode ray tubes, solar cells, and electromagnetic devices in the past few years. The raw materials used to manufacture CNT are cobalt, iron, ceramic catalyst, hydrogen and gasses such as acetylene-hydrogen and methane. CNTs have the highest strength to weight ratio. Because of this property, they are used in spacecraft. 

Asia Pacific was the dominant regional segment of the carbon nanotubes market in 2015. It accounted more than 45% of the global CNTs market in 2015.This trend is   continued during the forecast period 2016 to 2021. The rise in demand for carbon nanotubes in electrical & electronics and energy end-users are key factors boosting the CNTs market in Asia Pacific. U.S. carbon nanotubes market accounted 15% of global market in 2015. Europe and North America are projected to exhibit the significant increase in demand for CNTs. The growth of CNTs market in the Middle East and Latin America is expected to grow with moderate rate during the forecast period 2016-2021. Processing difficulties and high cost are estimated to hamper the market growth of CNTs in the near future.

Key players in the market include Carbon Solutions, Inc., Cheap Tubes Inc., Klean Carbon Inc., Nanocyl S.A., Nanolab Inc., Southwest Nanotechnologies, Inc., Nanothinx S.A., Toray Industries, Inc., Arry International Group Limited, Hanwha Chemical Co. Ltd.


Frequently Asked Questions

The global Carbon Nanotubes market was valued at USD 4.48 Billion in 2020.

The global Carbon Nanotubes market is expected to reach USD 14.78 Billion by 2028, growing at a CAGR of 18.6% between 2021 to 2028.

Some of the key factors driving growth of the global carbon nanotubes market are increased demand for light weight and high strength materials from aerospace and defense applications, expanding electronics and semiconductor industry, and rising adoption of carbon nanotubes in lithium-ion batteries for performance improvement.

Asia Pacific region held a substantial share of the carbon nanotubes market in 2020. This is attributable to the increased demand from electronics and semiconductor, and energy and utility industry. Rising investment in aerospace and defense in China and India are the key contributor towards the growth of carbon nanotubes market in Asia Pacific.

Some of the major companies operating in carbon nanotubes market are Cheap Tubes Inc., Klean Carbon Inc., Carbon Solutions, Inc., Nanocyl S.A., Nanolab Inc., Nanothinx S.A., Southwest Nanotechnologies, Inc., Toray Industries, Inc., Hanwha Chemical Co. Ltd., and Arry International Group Limited among others.

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