Carbon Nanotubes (CNT) Market Forecasts to 2028 – Global Analysis By Type (MWCNT, SWCNT), Application (Li-ion Battery Electrodes, Polymers), End User (Energy & Storage, Medical, Automotive, Industrial) and By Geography
According to Stratistics MRC, the Global Carbon Nanotubes (CNT) Market is accounted for $765.73 million in 2020 and is expected to reach $2,580.49 million by 2028 growing at a CAGR of 16.4% during the forecast period. The increasing demand for lightweight and low carbon-emitting vehicles, technological advancements and decreasing production cost, and high growth of end-use industries, such as electrical & electronics and automotive are driving the market growth. However, environmental concern and health & safety issue is hampering the growth of the market.
Carbon nanotubes (CNTs) are cylindrically shaped structures with a diameter of one billionth of a meter, which is a hundred times tougher and just one-sixth as heavy as steel. The most noteworthy property of carbon nanotubes is the high strength and low weight joint with physical flexibility. Carbon nanotubes are increasingly being used as an efficient tool in transporting drug molecules, while it shows a foremost part in body implants, dental filling, and medical device components. Carbon nanotubes display higher thermal and electrical conductivity than conventional copper tubes. CNTs are functionalized with nucleic acids, proteins, bioactive peptides, and drugs for targeted drug delivery to the cells and organs. Carbon nanotubes assure low toxicity and are not immunogenic, owing to which it has potential application in the field of nanomedicine and nanobiotechnology, among others.
Based on the type, the Multi-Walled Carbon Nanotubes (MWCNT) segment is going to have lucrative growth during the forecast period. MWCNT has good electrical conductivity and is used in conductive heating films, transparent electrodes, conductive nano inks, nano devices, displays, super batteries, chemical sensors, super capacitors energy storages, thermal interface material, solar power cells, and other applications. MWCNT can be certainly spread on plastic materials and expand the mechanical properties of the components and reduce their weight without affecting their performance. Using MWCNT in automotive and aircraft applications is profitable as it enables fuel-saving and lowers carbon dioxide (CO2) emissions.
By geography, Asia Pacific is going to have high growth during the forecast period. In India, government initiatives, low-cost labour, such as Make in India, and the proposed scheme on entrepreneurship development may expose opportunities in the infrastructure and industrial segments. China is a promptly emerging nation with many emerging applications such as, superconductors, filters, hydrogen storage and capacitors. It offers numerous opportunities for industry players who are eager to invest in the growing application areas. The country also offers inexpensive raw materials, a low cost of production, and the ability to cater to the local emerging markets. It is witnessing amplified demand for carbon nanotubes from the electronics & semiconductors end-use industry.
Some of the key players profiled in the Carbon Nanotubes (CNT) Market include 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.
Estimated Market Size in 2020:
USD 765.73 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 2580.49 million
Tables, Graphs& Figures
Type, Method, Application, End User, and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Multi-Walled Carbon Nanotubes (MWCNT)
• Single-Walled Carbon Nanotubes (SWCNT)
• Catalytic Chemical Vapor Deposition (Ccvd)
• Chemical Process
• Chemical Vapor Deposition (CVD)
• High-Pressure Carbon Monoxide Disproportionation (HiPCO) 52
• Miscellaneous Processes
• Physical Process
• Other Methods
• 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
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Carbon Nanotubes (CNT) Market is majorly driven by the increasing demand for lightweight and low carbon-emitting vehicles, technological advancements and decreasing production cost.
The multi-walled carbon nanotubes (MWCNT) segment is growing at a highest CAGR as MWCNT has good electrical conductivity and is used in conductive heating films, transparent electrodes, conductive nano inks, nano devices, displays, super batteries, chemical sensors, and other applications.
North America dominated with a significant market share due to the factors such as increasing demand for CNT in healthcare for gene delivery to organs or cells, biosensors diagnosis, and tissue regeneration.
Asia Pacific market is growing at a highest CAGR as the country in the region offers inexpensive raw materials, a low cost of production, and the ability to cater to the local emerging markets. It is witnessing amplified demand for carbon nanotubes from the electronics & semiconductors end-use industry.
Key players in Carbon Nanotubes (CNT) Market include 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, SouthWestNanoTechnologies and TorayUnidym.
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