Global Carbon Nanotubes Market was Valued at US$ 1.23 Bn in 2022; Absolute Markets Insights

Mon Aug 7, 2023 - 10:45am GMT+0000

Global Carbon Nanotubes Market is Growing at a CAGR of 15.1% over the Forecast Period (2023 – 2031).

Houston, TX, Texas, United States – August 7, 2023

Carbon Nanotubes (CNTs) are cylindrical nanostructures made entirely of carbon atoms. They have a nanometer-scale diameter and can be several micrometers long. Carbon nanotubes can be thought of as rolled-up sheets of graphene, forming seamless tubes. These tubes can vary in diameter, number of walls (single-walled or multi-walled), and chirality, which affects their electronic properties.

Carbon nanotubes exhibit unique and remarkable properties, such as exceptional strength, high electrical and thermal conductivity, and a large surface area relative to their volume. Due to these extraordinary characteristics, they have a wide range of potential applications in various fields, including electronics, materials science, energy storage, medicine, water purification, and more.

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Factors Supporting the Growth of the Global Carbon Nanotubes Market

Unique Properties and Versatility: Carbon nanotubes possess exceptional mechanical, electrical, and thermal properties, making them highly desirable for a wide range of applications in electronics, composites, energy storage, medicine, and more. Their versatility and ability to enhance the properties of other materials have contributed to global carbon nanotubes market growth.

Rising Applications in Energy Storage and Electronics: Carbon nanotubes have shown potential for improving energy storage devices such as batteries and supercapacitors. The demand for efficient and long-lasting energy storage solutions has driven the market. Besides the electronics industry’s constant drive for smaller, faster, and more energy-efficient devices has created a demand for nanomaterials like carbon nanotubes. They can be used in transistors, conductive films, and other electronic components, driving the growth of the global carbon nanotubes market.

Global Carbon Nanotubes Market Future

The future of the carbon nanotubes market is expected to be promising, with continued growth and advancements in various applications. As research and development efforts continue, and manufacturing processes become more efficient, the commercialization of carbon nanotubes is expected to increase. This could lead to more widespread adoption across industries. Ongoing research and development efforts are likely to lead to improved and cost-effective methods for producing high-quality carbon nanotubes, making them more commercially viable. Overall, the future of the global carbon nanotubes market appears promising, driven by advancements in technology, increasing demand from various industries, and ongoing research and development efforts.

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Key Insights: Global Carbon Nanotubes Market

There has been remarkable development in the field of nanomaterials during the last decade, particularly in the domain of carbon nanotubes (CNTs). CNTs’ usage in biomedical applications has risen significantly in recent years, with applications including drug delivery, tissue engineering, biosensors, bioimaging, and cancer therapy. CNTs can extend the life of medications in humans and allow them to be delivered directly to the cells of interest; they are also very efficient biocompatible biosensors and bioimaging agents. CNTs are also demonstrating excellent success in identifying the SARS COVID-19 virus, as well as in cancer therapy and tissue engineering, all of which are urgently needed given the current situation. As research and development in this field continue, carbon nanotubes are likely to find more applications in medicine, contributing to advancements in diagnostics, therapeutics, and overall healthcare outcomes.

Asia Pacific region is anticipated to be the fastest growing region in the carbon nanotubes market. The region is known for its emphasis on research and development in the fields of science and technology. Governments, academic institutions, and private companies in countries like Japan, South Korea, and China have invested heavily in nanotechnology research, leading to substantial advancements in CNT. Japan for instance, the electronics industry has shown interest in utilizing carbon nanotubes for advanced electronic devices. Research has been conducted on CNT-based transistors, interconnects, and other components to improve the performance of electronic devices. Thus, as the field of nanotechnology is continually evolving, the carbon nanotubes market will experience huge growth during the forecast period. 

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Some of the players operating in the global carbon nanotubes market are

  • Arkema
  • Cabot Corporation
  • Carbon solutions Inc
  • Cheap Tubes
  • Hyperion Catalysis International
  • Jiangsu Cnano Technology Co., Ltd
  • Klean Industries
  • Nanocyl SA
  • Nanoshell
  • Otto Chemie Pvt. Ltd. 
  • Raymor Industries Inc.
  • Other Industry Participants

Global Carbon Nanotubes Market

By Type

  • Single-walled carbon nanotubes (SWCNTs)
  • Multi-walled carbon nanotubes (MWCNTs)

By Technology

  • Chemical Vapor Deposition (CVD)
  • Arc Discharge
  • Laser Ablation
  • High-Pressure Carbon Monoxide (HiPCO)
  • Others

By Applications

  • Electronics and nanotechnology
  • Materials and composites
  • Energy storage
  • Medical and biological applications
  • Water purification
  • Space elevator
  • Others

By Region

  • North America (U.S., Canada, Mexico, Rest of North America)
  • Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
  • Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
  • Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
  • Latin America (Brazil, Argentina, Rest of Latin America)  

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Name: Shreyas Tanna
Email: Send Email
Organization: Absolute Markets Insights
Address: Houston, TX, Texas, United States
Phone: +1-510-420-1213

Release ID: 89104220

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