Carbon Nanotubes Market 2019 Analysis by Top Key Players - Nanocyl SA, SHOWA DENKO K.K., Cnano Technology, Arry International Group Limited, Arkema, Carbon Solutions, CNT Co, Cheap Tubes, OCSiAl, Hanwha Chemical Corporation, Nano-C, Continental Carbon Com

Adroit Market Research has announced the addition of the “Global Carbon Nanotubes Market Size Status and Forecast 2025”, The report classifies the global Carbon Nanotubes in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.

This report studies the global Carbon Nanotubes Speaker market, analyzes and researches the Biocide Speaker development status and forecast in North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. This report focuses on the top players in global market, like Nanocyl SA, SHOWA DENKO K.K., Cnano Technology, Arry International Group Limited, Arkema, Carbon Solutions, CNT Co, Cheap Tubes, OCSiAl, Hanwha Chemical Corporation, Nano-C, Continental Carbon Company

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By 2025, the global carbon nanotubes market size is estimated to reach USD 2.86 billion. Increasing demand for coatings and composites in the plastics, construction, automotive, batteries, energy markets, aerospace, and metals is expected to drive global carbon nanotubes industry over the coming years. Apart from automotive and electrical & electronics, the energy sector is expected to be promising for carbon nanotubes manufacturers. Electrodes based on carbon nanotubes are ten times thinner and offers nearly 100 times higher conductivity as compared to amorphous carbon electrodes. Growing demand for lithium-ion batteries with higher conductivity in electric vehicles is expected to open new avenues for carbon nanotube market growth over the coming years.

Global healthcare expenditure in 2017 was more than USD 7 trillion. Increasing population coupled with technological advancement in the healthcare industry is expected to increase carbon nanotube market expansion over the coming years. Increased adoption as a channel in biotechnology and biomedical for drug delivery, biosensors, transfection of DNA, and sheathe for enzymes is projected to add market growth over the projected period.

Global aerospace & defense industry market size was more than USD 2 trillion in 2017. Strong passenger travel demand, increasing military expenditure, and increasing commercial aircraft production is expected to drive global aerospace & defense industry over the projected period. Capability and superior properties to enable the designing of lightweight parts is expected to increase market concentration over the coming years. CNT’s are extensively used in the external surface of aircraft to protect them from damage. It also finds application in the rudder, wings, fuselage, and other components. Moreover, heat fluxes without burning, and high temperature resist makes CNT best suitable for high-velocity missiles. The development of the global A&D sector is anticipated to drive the global carbon nanotube (CNT) market growth over the forecast period.

Asia Pacific accounted for more than 45% of the global carbon nanotubes market share in 2017. Growing automotive and construction industry in India, China, Japan, and South Korea is expected to offer a lucrative opportunity for CNT manufacturers over the coming years. Growing economic development, increasing purchasing power, and high penetration of consumer electronics in Asia Pacific are expected to increase the adoption of carbon nanotubes over the projected period.

Key segments of the global carbon nanotubes market

Product Overview, 2015-2025 (Tons) (USD Million)
• Multiwall Carbon Nanotubes
• Single-Walled Carbon Nanotubes

Manufacturing Method Overview, 2015-2025 (Tons) (USD Million)
• Chemical Vapor Deposition
• Catalytic Chemical Vapor Deposition
• Arc Discharge
• Laser Ablation

Application Overview, 2015-2025 (Tons) (USD Million)
• Polymers
• Energy
• Electrical & Electronics
• Others

End-Use Overview, 2015-2025 (Tons) (USD Million)
• Automotive
• Aerospace & Defence
• Construction
• Healthcare
• Others

Regional Overview, 2015-2025 (Tons) (USD Million)
• North America
o U.S.
• Europe
o Germany
• Asia-Pacific
o China
o Japan
• Middle East & Africa
• Latin America
o Brazil

Manufacturers operating in this industry are adopting M&A, facility expansion, and new product development strategies to strengthen their distribution network and gain market share. For instance, in 2019, SABIC, a Saudi based manufacturing company engaged in chemicals, fertilizers, petrochemicals, and industrial polymers, acquired Black Diamond Structures, a company specialized in producing carbon nanotubes. Adding BDS product portfolio such as MOLECULAR REBAR in SABIC’s specialty business is expected to open new avenues beyond the energy storage industry. In addition, in February 2017, LG Chem started operation of a new carbon nanotube plant in South Korea with an annual production capacity of 400 tons.

Reasons for the study
• The study assesses the dynamics and movement of the global carbon nanotubes market across various geographies
• While studying the global carbon nanotubes market, we observed that the demand for carbon nanotubes is expected to be tremendous in developing countries for automotive and healthcare applications
• The market is consolidated and major players have their presence across the globe. The companies, as a strategic step planning to enter untapped market in the coming years

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