GMI Research analysis indicates that the Carbon Nanotubes Market is slated to register a double digit CAGR 14.1% over the period, 2022-2029

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Market Dynamic

Key Drivers and Emerging Trends 

Increasing application of carbon nanotubes in polymers and electronics applications to improve the strength, is one of the major factors driving the carbon nanotubes market size. Also, the unique properties including high carrier mobility and less power consumption of carbon nanotubes has replaced silicon transceivers in electronics, contributing to the market growth. With the growing environmental concerns, government has enforced norms to encourage the adoption of renewable energy sources, thus, expanding the wind energy sector. The use of carbon nanotubes in wind energy sectors, owing to their lighter weight as compared to conventional batteries, is projected to propel the global carbon nanotubes market growth. In addition, a favorable regulatory framework to encourage nanotechnology at the domestic level has augmented the market’s growth. However, production of carbon nanotubes releases toxins, nanoparticles, and nano-biotechnological byproducts, which can pose a threat to human’s health, hampering the market growth. Besides, as per the carbon nanotubes market analysis, a surge in the demand for other nanomaterials with less toxic nature is another factor restraining the market’s share.

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Type- Segment Analysis

Based on type, Multi-Walled Carbon Nanotubes (MWCNT) is forecast to lead the market till 2028, owing to their superior electrical conductivity and higher tensile strength. Also, the growing usage of MWCNT in supercapacitors energy storages, conductive heating films, displays, chemical sensors, super batteries, thermal interface, and automobiles as it minimizes carbon dioxide emissions, will expand the market size.

Single-walled carbon nanotubes (SWCNT) is predicted to witness a higher CAGR over the upcoming years. The exceptional mechanical, thermal, electrical, and optical properties of SWCNT has increased its application in solar cells, displays, and packaging applications, boosting the segment’s size.

End-Use Industry- Segment Analysis

Based on End-Use Industry, the medical segment is expected to hold a larger share over the coming years, because of the expansion in medical industry and growing use of CNTs in applications like cancer therapy, drug delivery, tissue regeneration, and dental filling problems. Further, the energy effective property of Carbon nanotubes makes them suitable for the development of new types of three-dimensional microprocessors which helps to improve performance at reduced power, driving the market size.
Chemical Materials and Polymers application is projected to expand at a faster CAGR over the forecast period, due to the surging demand for polymers across automation and construction end-use industries.

Region- Segment Analysis

Geographically, Asia Pacific is estimated to emerge as the fastest growing region during the forecast period, owing to the growing demand for carbon nanotubes across semiconductor and electronic sectors. Factors such as vast availability of raw materials, cost-efficient production, and increasing investment by market players will further contribute to the regional expansion.

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Top Market Players:

Some of the key players operating in the Carbon Nanotubes market includes LG Chemical Limited, Cabot Corporation, Showa Denko K. K., Jiangsu Cnano Technology Co., Ltd., Chengdu Organic Chemicals Co. Ltd., CHEAP TUBES, Tokyo Chemical Industry Co. Ltd., Nopo Nanotechnologies, Hyperion Catalysis International, Nanostructured & Amorphous Materials Inc. and many more. 

Key Developments:

• • In March 2021, Cabot Corporation launched ENERMAX™ 6 under its carbon segment with enhanced features including high aspect ratio. This product series will effectively improve battery performance at lower loadings, offering a higher energy density of batteries.
  • In 2020, LG Chemicals Limited planned to expand its carbon nanotube production capacity by 1200ton in South Korea to expand the movement in the line of carbon nanotubes across the world.
  • In 2020, ChemSpec Ltd partnered with Belgium-based Nanocyl SA to encourage the production of multi-walled nanotubes products in the US and Canada. The product such as NC7000, a thermoplastic carrier Plasticyl and an elastomer carrier Elastocyl.

Segments covered in the Report:

The Carbon Nanotubes Market has been segmented based on Type, End-Use Industry, and region. Based on type, the market is segmented into Single walled carbon nanotube and multiple walled carbon nanotube. Based on end-use industry, market is segmented into Electronics & Semiconductors, Chemical Materials & Polymers, Structural Composites, Energy & Storage, Medical and others. 

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Key questions answered in this research report:

• • At what pace is Carbon Nanotubes market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Carbon Nanotubes Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the Carbon Nanotubes market?
  • What are the various Communications of Carbon Nanotubes Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues	USD Million
Market Base Year	2021
Market Forecast Period	2022-2029
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By End-Use Industry and By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	LG Chemical Limited, Cabot Corporation, Showa Denko K. K., Jiangsu Cnano Technology Co., Ltd., Chengdu Organic Chemicals Co. Ltd., CHEAP TUBES, Tokyo Chemical Industry Co. Ltd., Nopo Nanotechnologies, Hyperion Catalysis International, Nanostructured & Amorphous Materials Inc.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Carbon Nanotubes Market by Type

• • Single Walled Carbon Nanotube
  • Multiple Walled Carbon Nanotube

Carbon Nanotubes Market by End-Use Industry

• • Electronics & Semiconductors
  • Chemical Materials & Polymers
  • Structural Composites
  • Energy & Storage
  • Medical
  • Others

Carbon Nanotubes Market by Region

• • North America Carbon Nanotubes Market (Option 1: As a part of the free 25% customization)
    • By Type
    • By End-Use Industry
    • US Market All-Up
    • Canada Market All-Up
  • Europe Carbon Nanotubes Market (Option 2: As a part of the free 25% customization)
    • By Type
    • By End-Use Industry
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Carbon Nanotubes Market (Option 3: As a part of the free 25% customization)
    • By Type
    • By End-Use Industry
    • China Carbon Nanotubes Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Carbon Nanotubes Market (Option 4: As a part of the free 25% customization)
    • By Type
    • By End-Use Industry
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Carbon Nanotubes market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • LG Chemical Limited
  • Cabot Corporation
  • Showa Denko K. K.
  • Jiangsu Cnano Technology Co. Ltd.
  • Chengdu Organic Chemicals Co. Ltd.
  • CHEAP TUBES
  • Tokyo Chemical Industry Co. Ltd.
  • Nopo Nanotechnologies
  • Hyperion Catalysis International
  • Nanostructured & Amorphous Materials Inc