Carbon Nanotube Market is valued at USD 1.65 Billion in 2017 and expected to reach USD 6.40 Billion by 2027 with a CAGR of 14.5% over the forecast period.
Carbon Nanotube Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- Advancement in Nano technology in terms of medicines, structures and electronics are key driving factors for the growth of Carbon Nanotube Market.
Carbon Nanotubes or CNTs consists of rolled-up sheets in the form of cylindrical structure of carbon atoms. These structures can have single walled layer with diameter less than 1 nanometer (nm) or multi walled layer with diameter up to 100nm. These structures were discovered by Iijima around 1991 in carbon arc chambers. The carbon nanotubes have extraordinary properties like electrical conductivity, light weight, thermal conductivity and tensile strength because of the high forces between carbon atoms. These properties make CNTs highly attractive for various applications like electronics, optics, nanotechnology, material science and composite materials. For the production of Carbon Nanotubes various methods have been adopted by manufacturers such as combusted electrically using lasers, metals are being used as catalysts in the process and CNTs are developed in gaseous forms.
The COVID-19 pandemic has affected the industries on a global level in such a way that few have grown twice, and some are still trying to stabilize their position. Carbon nanotubes have their application in various industries but mainly it is used in electronics, aviation and others. To prevent the spread of COVID-19 the government has imposed lockdown which has led to the shutdown of manufacturing units for the longest period of time. On the other hand, economic crisis has led to layoffs unemployment and others. Both the factors together created demand and supply gap which is going to have negative affect on the carbon nanotube market for new few months and expected to show speedy recovery in near future.
Global Carbon Nanotube Market report is segmented on the basis of Type, Properties, Methods, Application, and Region & country level. Based upon Type, Global Carbon Nanotube market is classified as Multi-Walled Carbon Nanotube (MWCNT) and Single-Walled Carbon Nanotube (SWCNT). The market is classified on the basis of properties are Electrical, Mechanical, Thermal and Optical. The market is classified on the basis of methods are Laser Ablation of Graphite, Chemical Vapor Deposition and Arc Discharge. On the basis of Application, market is divided as Chemicals, Sensors, Medicines, Power generation and Energy storage.
The regions covered in this Global Carbon Nanotube Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of Carbon Nanotube is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia, Africa, etc.
Some major key players for Global Carbon Nanotube Market are Nano-C, Surrey, Nantero, Canatu, Arkema, Nanomix, Arry International Group, Cheap Tubes and others.
News: Foldable Solar cells consists of Carbon Nanotube shows high efficiency
February 12, 2021; International research team along with Professor Jeon of Pusan National University discovered the solution for foldable solar cells with the help of single walled Nanotube (SWNT) films due to its transparency and mechanical resilience. This composite film is 7mm thick with great resistance to bending, approx 80% transparency and 15.2% power conversion. This study was published in Advanced Science Journal.
Powerful Unipolar Carbon Nanotube Muscles created by researchers.
January 28, 2021; The study published in Science issue, described about the Unipolar, powerful electrochemical yarn muscles that contacts more when driven fast. CNT yarn muscles are moved by applying voltage between electrode and muscles. This study was the collaboration between researchers at The University of Texas at Dallas with other institutes in the U.S., South Korea, China and Australia.
The major factors driving the growth of Global Carbon Nanotube Market are advancement in Nano technology in terms of medicines, structures and electronics. New electronic devices demand to be smaller in size with maximum features where nanotechnology fits very well due to its similar properties. Carbon nanotubes have similar structural and morphological properties just as nerve cells which make it perfect for studying nerve tissues. Furthermore, wide applications of carbon nanotubes in various industries along with technological advancement is also expected to augment the market growth. However, the carbon nanotubes can be toxic and difficult to bio-degrade which is one of the major environmental concern in a long and likely to hamper the market growth. On the other hand, the development of carbon nanotubes can have potential use in controlling other nanoscale structures, electric circuits and miniaturizing electronic components can open vast opportunities in the carbon nanotube market.
North America is expected to dominate the Global Carbon Nanotube Market within the forecast period attributed to largest producers in this region. According to the Nanotechnology Products Database (NPD), The U.S tops the list of largest producers of carbon nanotubes followed by China. Asia Pacific is expected to develop at a significant rate owing to the rising demand for electronics. Japan is the producer of largest number of products in which carbon nanotubes are being used. In the U.S., the National Institute for Occupational Safety and Health (NIOSH) is the leading federal agency which conducts research and guidance for health safety and applications in nanotechnology. Europe is expected to account for second largest market share owing to the technological advancement and wide applications. All the above mentioned factors is expected to accelerate the growth of carbon nanotubes market over the forecast period.
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2027|
|Market Size in 2020:||USD 1.65 Billion|
|Base year considered||2020|
|Forecast Period CAGR %:||
|Market Size Expected in 2027:||USD 6.40 Billion|
|Tables, Charts & Figures:||175|
|Key Players/Companies||Nano-C, Surrey, Nantero, Canatu, Arkema, Nanomix, Arry International Group, Cheap Tubes and others|
|Segments Covered||By Type, By Application, By Properties, By Method|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|