Press release
Carbon Nanotubes Market 2020 Growth by key players: Arkema, Future Carbon GmbH, Showa Denko K.K., CNano Technology Limited, Carbon Solutions, Nanoshel LLC
Carbon Nanotubes Market
Carbon nanotubes (CNT) market has been driven by the product usage as polymer additives. Industry leaders will invest significantly for the development of CNT for polymer applications, to meet the surging demand for polymer-based products throughout the globe in coming years.
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Carbon nanotubes have different purity grades; highly purified carbon nanotubes cost slightly high. Also, the production procedure of carbon nanotubes involves massive operational cost owing to several stages of purification process along with other complex manufacturing procedures. The market growth will be hindered by cost intensive manufacturing process of carbon nanotubes during forecast period.
Multi-walled carbon nanotubes have witnessed exponential demand in recent years from different industrial verticals, especially in electrical & ecteronic application. Improved mechanical, electrical, thermal properties have driven the industrial growth during the forecast period. Further revolution in electrical and electronic industry in Asia Pacific region is one the instrumental factor driving the market.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
o Arkema SA
o Nanocyl SA
o Continental Carbon Nanotechnologies
o Nanothinx S.A.
o Hyperion Catalysis International Inc.
o Klean Commodities
o Future Carbon GmbH
o Raymor Industries Inc.
o Hanwha Nanotech Corporation
o Korea Kumho Petrochemical Company Ltd
o Showa Denko K.K.
o CNano Technology Limited
o Carbon Solutions
o Nanoshel LLC
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CNT applications in the polymer segment shall have CAGR exceeding 20% and over next 7 years. Germany plastic industry was about USD 107.54 billion in 2017, serves as one of the largest polymer markets in Europe.
Further, according to PAGEV (a nongovernmental organization of Turkey, accounting over 88% of Turkey plastics value chain), world plastics production was USD 1.75 million tons in 1950 which had increased to USD 378.7 million tons in 2015.
Polymeric nanotubes are used as an alternative to conventional-filled polymers thus polymer reinforcement help in strengthening the composite. Rise in usage of nanotube as filler in polymer-based products will exhibit higher growth for carbon nanotubes market.
Carbon nanotubes market by application
o Polymers
o Energy
o Electricals & electronics
o Others
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Global carbon nanotubes market is led by leading manufacturers such as Nanothinx S.A., Klean Commodities, Raymor Industries Inc, Nanoshel LLC, Arkema SA, etc. In global carbon nanotubes market some of the key manufacturers have been involved in acquiring other prominent market players to discover better products for polymer application.
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