The report “Carbon Nanotubes Market by Type (Single-walled Carbon nanotubes (SWNT), Multi-walled carbon nanotubes (MWCNT)), Method, End-use Industry (Electronics & Semiconductors, Energy & Storage, Structural Composites Application), and Region – Global Forecast to 2029″, size of USD 2.63 billion by 2029 from USD 1.31 billion in 2024, at a CAGR of 14.9%. One of the largest markets for carbon nanotubes (CNT) worldwide is the Asia Pacific area. The demand for CNTs is increasing in the electronics, automotive and healthcare industries. The demand from developing nations, such as China, India, Brazil, and Argentina are expected to drive the global CNTs market.
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- 328 Market data Tables
- 59 Figures
- 272 Pages and in-depth TOC on “Carbon Nanotubes Market – Global Forecast to 2029”
Some of the prominent key players are:
- LG Chem (South Korea)
- Cabot Corporation (US)
- Resonac Corporation (Showa Denko K.K.) (Japan)
- Jiangsu Cnano Technology Co., Ltd. (China)
- Timesnano (Chengdu Organic Chemicals Co. Ltd.) (China)
- Nanocyl SA (Belgium)
- Arkema S.A. (France)
- Sumitomo Corporation (Japan)
- Cheap Tubes, Inc. (US)
Driver: Increased demand for electronics and semiconductors in Asia Pacific
Currently, the Asia Pacific region remains the most promising market for carbon nanotubes (CNTs) due to the growing market demand in countries like India, China, and Taiwan. The region is further supported by the growing electronics manufacturing industry, where the production of electronic products is likely to create a higher demand for CNTs. Being superior in their physical characteristics, CNTs find wide application in areas such as conductive films, sensors, and energy storage devices.
MWCNT, by type segment is expected to hold largest share of the carbon nanotubes (CNT) market during the forecasted period.
In terms of volume for carbon nanotubes (CNT) market overall, multi-wall carbon nanotubes (MWCNT) type held the largest share in 2022. Multi-wall carbon nanotubes consist of concentric tubes or cylinders of carbon. Carbon endcaps are usually employed to seal the ends of tubes. Double-wall tubes, bamboo, and herringbone architectures are other MWCNT types. Compared to single wall carbon nanotubes, multi-wall carbon nanotubes are simpler to manufacture in large quantities. MWCNTs are used in conductive transparent electrodes, conductive nano inks, conductive heating films, chemical sensors, displays, super batteries, supercapacitors energy storage, solar power cells, thermal interface material, and other applications because of their excellent electrical conductivity.
Asia Pacific region likely to account the largest share of the global carbon nanotubes market during forecasted period.
Asia Pacific is the largest market and is likely to continue in the foreseeable future. The three main end-use sectors for CNTs are automotive, building & construction, and electrical & electronics. Increased vehicle sales in the region are anticipated to have a positive effect on the market during the forecast period due to the expansion of the road and transport networks in the region and government measures to expand the industrial and infrastructure. A result of its expanded industrial production during the last five years, China now leads the world in the need for CNTs. The industry is also driven by the relocation of manufacturing operations for the chemical, automotive, and aerospace sectors from established markets to developing nations.
