Press Release

Carbon Nanotubes Market Size, Outlook, Share, Manufacturers and 2026 Forecast | Fortune Business Insights

Summary:

Some of the key players in the carbon nanotubes market such as Arkema SA, Nanocyl SA, Nanoshell LLC, Klean Commodities, SHOWA DENKO K.K. and others.

The global carbon nanotubes (CNT) market is anticipated to gain traction from their rising utilization in brushes as they enhance electrical, as well as thermal conductivity in commercial electric motors. This information is given by Fortune Business Insights™ in a recent report, titled, “Carbon Nanotubes (CNT) Market Size, Share & Industry Analysis, By Product (Multi Walled Carbon Nanotubes (MWCNT) and Single Walled Carbon Nanotubes (SWCNT)), By Application (Plastics & Composites, Electrical & Electronics, Energy, and Others), and Regional Forecast, 2019-2026.” The report further mentions that the CNT market size was USD 4,560.7 million in 2018 and is projected to reach USD 13,656.0 million by 2026, exhibiting a CAGR of 15.3% during the forecast period.

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Highlights of the Report

  • Extensive analysis of all the regions present in the market.
  • Profiles of the key companies and the vital strategies that they are adopting to intensify competition.
  • Elaborate details about the carbon nanotubes market trends, opportunities, and challenges.
  • In-depth information regarding the important growth drivers and barriers.

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Drivers & Restraints-

Extensive Usage in Aerospace Industry to Augment Growth

In the aerospace industry, CNT is used the most as the aircraft manufacturers are focusing on developing stronger, long-lasting, and tougher components. They are doing so because of the high risk that is associated with flying. The industry is nowadays aiming to lower the weight of aircraft components for reducing the operational cost, as well as fuel consumption. Nanomaterials are mostly used to revamp the properties of aircraft components for improving the overall performance. Apart from that, several professionals consisting of engineers and manufacturers are creating new methods for introducing aerospace grade composites. However, CNT is toxic in nature. If inhaled, it can cause high blood pressure and kidney damage in humans. This is likely to obstruct the carbon nanotubes market growth in the coming years.

Segment-

Rising Usage of CNT to Favor Growth of the Electrical & Electronics Segment

Based on application, the market is grouped into energy, electrical and electronics, plastics and composites, and others. Amongst these, the electrical and electronics segment held 10.6% CNT market share in 2018. This growth is attributable to the increasing usage of CNT to make various electronic devices. It is especially used to make field-effect transistors and diodes. Also, CNT possesses many features, such as good conductivity and excellent optoelectronic characteristics. It would also contribute to the growth of this segment.

Regional Analysis-

Rising R&D Activities on Polymers to Drive Growth in North America

Geographically, the market is grouped into Asia Pacific, North America, the Middle East and Africa, Latin America, and Europe. Out of these, North America generated USD 1,278.7 million in 2018 in terms of carbon nanotubes market revenue. This growth is attributable to the increasing funding provided by many government and private agencies to conduct research and development activities on polymers and composites. Besides, the U.S. is considered to be a major manufacturing base of PEEK and PEI polymers. These are gaining more popularity as they are capable of remoulding the electrical, thermal, and mechanical properties of numerous products.

Asia Pacific, on the other hand, consists of significant contributors, such as South Korea, China, Japan, and India. In China, low cost of production process and availability of raw material in abundance are likely to boost growth in the coming years. Additionally, the country is one of the largest consumer electronic manufacturing hubs. Europe is set to showcase good growth owing to the rising imposition of various strict rules regarding the adoption of CNT by the European Commission.

Competitive Landscape-

Key Players Focus on Strategic Collaboration to Accelerate Sales

Reputed companies operating in the market are mainly focusing on joining hands with the other local companies and start-ups to create joint ventures and unique products. It is aiding them in broadening their geographic presence and in improving sales worldwide. Below is a vital key industry development:

  • January 2019: Vivakor, Inc., a provider of clean technology solutions headquartered in the U.S., collaborated with CSS Nanotech, an innovative nanotechnology startup company. This joint venture would enable the former in creating a new carbon nanotube technology for modernizing heavy crude to a fuel product.

Browse Complete Summary of This Research:

https://www.fortunebusinessinsights.com/carbon-nanotubes-cnt-market-102700

Fortune Business Insights™ lists out all the organizations present in the CNT market. They are as follows:

  • Arkema SA
  • Nanocyl SA
  • Nanoshell LLC
  • Carbon Solutions, Inc.
  • Hyperion Catalysis International
  • SHOWA DENKO K.K.
  • Klean Commodities
  • Other key players

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