Single-walled Carbon Nanotube Market to Reach Worth US$ 5 Bn Mn by 2027 -TMR

Global Single-walled Carbon Nanotube Market: Key Highlights

The global single-walled carbon nanotube market was valued at ~US$ 130 Mn in 2018, and is anticipated to expand at a CAGR of ~52%.
Increase in the demand for single-walled carbon nanotubes as an EMI-shielding material is one of the major factors driving the global single-walled carbon nanotube market.
Asia Pacific accounted for a significant share, in terms of consumption, of the single-walled carbon nanotube market.

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Single-walled Carbon Nanotube Market: Key Drivers

Increase in the demand for EMI-shielding materials for use in applications such as personal computers and mobile communication housings, GPS devices, aerospace components, etc., is likely to enhance the demand for single-walled carbon nanotubes.
Composites made using single-walled carbon nanotubes functioning as a filler and a suitable polymer, as matrix can effectively prevent the passage of electromagnetic radiation into electronic devices and protect them from damage.
The EMI shielding of an electronic device reduces the coupling of radio waves, electromagnetic, and electrostatic fields. Common applications where single-walled carbon nanotubes are used as EMI-shielding materials include computing, telecommunications, automotive, consumer electronics, aerospace & defense, medical, etc.
Technological advancements in the medical and aerospace & defense sectors are anticipated to drive the demand for single-walled carbon nanotubes as EMI-shield materials.
The emergence of battery storage systems such as lead acid, lithium-ion, sodium ion, and flow batteries has fueled the expansion of the SWCNT market. Single-walled carbon nanotubes are preferred in battery storage applications, as they offer superior conductivity at ultra-low concentrations, thus allowing the amount of active material in the battery electrode to be at a higher concentration.

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Most advanced batteries face the issue of dendrite formation. However, with the introduction of single-walled carbon nanotubes, the risk of dendrite formation can be reduced.
The rising demand for energy in countries such as China and India is anticipated to expand the energy storage industry, and consequently, the demand for single-walled carbon nanotubes for energy storage applications.
Renewable energy policies initiated by various governments and advancements in electric vehicle production in emerging economies are likely to enhance the demand for single-walled carbon nanotubes for energy storage applications.

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