Arkema S.A. (France), Arry International Group LTD. (China), Carbon Solutions Inc. (US), Cheap Tubes Inc. (US), CNT Co., Ltd. (Korea) are the Renowned Players in Carbon Nanotubes (CNT) Market - Report by MarketsandMarkets™

According to recent research "Carbon Nanotubes (CNT) Market by Type (Single, Multi Walled), Method (Chemical Vapor Deposition, Catalytic Chemical Vapor Deposition, High Pressure Carbon Monoxide), Application (Electronics, Chemical, Batteries, Energy, Medical) - Global Forecast to 2023", published by MarrketsandMarkets™, The carbon nanotubes market is estimated to be USD 4.55 billion in 2018 and is projected to reach USD 9.84 billion by 2023, at a CAGR of 16.70%.

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Carbon nanotubes possess high tensile strength, which is up to 20 times higher than steel. These are suitable for use in lightweight materials, as they are five times lighter than steel. The demand for carbon nanotubes is high in aerospace, defense, and electronics industries due to their lightweight feature. Multi-walled carbon nanotubes are the most widely used CNTs across the globe in various applications including polymers, electricals & electronics, energy, and others (medical, chemical, optical devices). Growth in various industries, especially in Asia Pacific, is driving the global carbon nanotubes market.

The carbon nanotubes market is segmented on the basis of on multi-walled and single-walled carbon nanotubes. The multi-walled carbon nanotube segment is expected to grow at a higher CAGR in terms of value during the forecast period from 2018 to 2023. MWCNTs are used in applications such as electrical conductivity, conductive transparent electrodes, conductive heating films, conductive nano inks, nanodevices, displays, chemical sensors, super batteries, supercapacitors, energy storages, solar industries, and thermal interface material. They are highly conductive when properly integrated into a composite structure. Only the outer walls of MWNTs are conductive, not the inner ones.

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The carbon nanotubes market is segmented based on method into chemical vapor deposition (CVD), catalytic chemical vapor deposition (CCVD), and high pressure carbon monoxide reaction (HiPCO), among others. The CVD segment is expected to grow at the highest CAGR during the forecast period. It is the largest and fastest-growing method segment globally. CVD of hydrocarbons over a metal catalyst is a classical method that has been used by various manufacturers to produce carbon nanotube. It is also the cheaper method, and it is expected that the price will further go down globally.

The carbon nanotubes market is segmented based on application into electronics & semiconductor, advanced materials, chemical & polymers, batteries & capacitors, energy, aerospace & defense, medical, and others. The electronics & semiconductor segment is expected to grow at the highest CAGR during the forecast period. Carbon nanotubes offer unique electrical properties for building electronic devices such as field effect transistors and diodes. These are also used to form a p–n junction diode by polymer coating and chemical doping. Furthermore, carbon nanotube-based diodes can potentially disperse heat out of the computer chips due to their unique thermal transmission properties.

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Arkema S.A. (France), Arry International Group LTD. (China), Carbon Solutions Inc. (US), Cheap Tubes Inc. (US), CNT Co., Ltd. (Korea), Ocsial Llc (US), Hanwha Chemical Corp. (South Korea), Nano-C Inc. (US), Cnano Technology Ltd. (US), Toray International Group Limited (Japan), Showa Denko K.K. (Japan), and Continental Carbon Company (US) are the key players operating in the carbon nanotubes market.

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