The report “Carbon Nanotubes (CNT) Market by Type (Single Walled & Multi Walled), End-use Industry (Electronics & Semiconductors, Chemical Materials & Polymers, Structural Composites, Energy & Storage, Medical), Method, and Region – Global Forecast to 2026″, The global carbon nanotubes market size will grow to USD 1,714 million by 2026 from USD 876 million in 2021, at a CAGR of 14.4% during the 2021-2026 period. The driving factor for the CNTs market is the intrinsic mechanical properties of CNTs, which make them the ultimate nanomaterial.
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• 219 Market data Tables
• 47 Figures
• 240 Pages and in-depth TOC on “Carbon Nanotubes (CNT) Market – Global Forecast to 2026”
Some of the prominent key players are:
- LG Chemical Limited (South Korea)
- Cabot Corporation (US)
- Showa Denko K.K. (Japan)
- Jiangsu Cnano Technology Co., Ltd. (China)
- Chengdu Organic Chemicals Co. Ltd. (China)
Opportunity: increasing opportunities in emerging applications
CNTs also have high demand from emerging applications, such as lithium batteries, chemical sensors, flat panel displays, hydrogen storage, and fibers & composites. The demand for CNTs in emerging applications is expected to increase due to decreasing prices and increasing production capacity.
Multi-walled carbon nanotubes is projected to be the largest type of the carbon nanotubes market.
Multi-walled carbon nanotubes (MWCNT) leads the overall CNTs market, in terms of volume, due to its excellent tensile strength. Moreover, when MWCNTs are integrated into a composite, such as thermoplastic or thermoset compounds, it can significantly increase their strength. MWCNTs can also be easily spread on plastic materials, which improve the mechanical properties of the components and reduce their weight without affecting their performances. Using MWCNTs in automotive and aerospace industries enables fuel-saving and helps lower carbon dioxide (CO2) emissions.
APAC is the largest carbon nanotubes market globally.
APAC is projected to lead the carbon nanotubes market and this dominance is expected to continue till 2026. The market size for CNTs in APAC is expected to increase because of the rising penetration of CNTs in key applications such as conductive polymer composites and lithium batteries. The growing partnership between the suppliers and buyers of CNTs and substantial research & development spending have resulted in a significant upsurge in demand for CNTs in this region.
