The market report “Carbon Nanotube Market by Types (Multi-Walled Carbon Nanotubes (MWCNT) and Single-Walled Carbon Nanotubes (SWCNT)), Methods (Catalytic Chemical Vapor Deposition (CCVD), Chemical Process, Chemical Vapor Deposition (CVD), High-Pressure Carbon Monoxide Disproportionation (HIPCO), Miscellaneous Processes, Physical Process and Other Methods), Applications (Conductive Adhesives, Conductive Polymer Composites, Fire Retardant Plastics, Li-ion Battery Electrodes, Metal Matrix Composites, Polymers, Structural Polymer Composites and Other Applications), End Users (Electronic & Semiconductors, Energy & Storage, Chemical Material & Polymers, Medical, Structural Composites Applications, Advanced Materials, Batteries & Capacitors, Automotive, Industrial, Biomedicine and Plastics), and Region – Forecast to 2028”. The carbon nanotube market is growing at a CAGR of 16.4% by 2028, owing to the technological advancements and decreasing production cost.
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Based on end user the medical segment is estimated to grow at highest CAGR segment during the study period.
On the basis of end-user the market is categorised into electronic & semiconductors, energy & storage, chemical material & polymers, medical, structural composites applications, advanced materials, batteries & capacitors, automotive, industrial, biomedicine and plastics. Medical is estimated to be the fastest-growing market segment strongly driven by the use of CNTs with biological systems that can bring about developments in medical science, particularly biosensing, diagnostics, disease treatments, and drug delivery.
Based on method, the chemical vapor deposition (CVD) segment is anticipated to grow faster during the forecast period.
On the basis of method, the market is segmented into the chemical process, high-pressure carbon monoxide disproportionation (HIPCO), catalytic chemical vapor deposition (CCVD), chemical vapor deposition (CVD), miscellaneous processes, physical process, and other methods. Chemical Vapor Deposition (CVD) segment is projected to grow faster during the forecast period. Chemical vapor deposition (CVD) is anticipated to be the utmost extensively used method for carbon nanotubes (CNT) manufacturing. The costs for CVD are estimated to drop incrementally with the advancing technologies and rising manufacturing & commercialism. This decline in cost is predictable to increase the market for (CVD) segment on the upper side for both volume and value markets.
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By geography, North America is expected to dominate the market.
On the basis of geography, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America holds a dominant position in the carbon nanotubes (CNT) market, due to its encouraging government policies and the rising penetration of carbon nanotubes in diverse application divisions. Provincial market players are making huge investments in research & development activities to discover new applications of CNTs. Additionally, the significance given to nano-technology in this province is predictable to certainly influence the progress in the CNT market and the development of new technology is pushing the expansion of the market in this province, thus propelling the carbon nanotube market.
The key players in this market are Arkema SA, Canatu, Cnano, Continental Carbon Nanotechnologies, Foxconn, Hanao Co Ltd, Hyperion Catalysis International Inc, Klean Commodities, Nanocyl, Nanointegris, Nanothinx S.A, Shenzhen Nanotech Port Co. Ltd, SouthWest NanoTechnologies and TorayUnidym.
• Conductive Adhesives
• Conductive Polymer Composites
• Fire Retardant Plastics
• Li-ion Battery Electrodes
• Metal Matrix Composites
• Structural Polymer Composites
• Other Applications
End Users Covered:
• Electronic & Semiconductors
• Energy & Storage
• Chemical Material & Polymers
• Structural Composites Applications
• Advanced Materials
• Batteries & Capacitors
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