Carbon Nanotubes (CNT) Market to Grow at a CAGR of 14.4% between 2021 and 2026| LG Chemical Limited (South Korea), Cabot Corporation (US), Showa Denko K.K. (Japan)

The Carbon Nanotubes (CNT) Market report focuses on market taxonomy, regional analysis, opportunity assessment, and vendor analysis to help with a comprehensive evaluation of the global market. This study will help market participants to get a good understanding of the future development of the market and the industry. The key findings and recommendations of this report emphasizes crucial progressive industry trends in the global market, thereby allowing market players across the value chain to develop effective long-term strategies. Highlights about the key business priorities assist the companies to realign their business strategies. For making the research report exhaustive, Porter’s five forces analysis and SWOT analysis have been used effectively.

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Carbon Nanotubes (CNT) Market by Type (Single Walled & Multi Walled), End-use Industry (Electronics & Semiconductors, Chemical Materials & Polymers, Structural Composites, Energy & Storage, Medical), Method, and Region - Global Forecast to 2026 The carbon nanotubes market is projected to grow from USD 876 million in 2021 to USD 1,714 million by 2026, at a CAGR of 14.4% between 2021 and 2026. The demand and use of CNTs are rapidly increasing in medical, aerospace & defense, coatings, and other applications, especially in the APAC region.

The key companies profiled in this report are: LG Chemical Limited (South Korea), Cabot Corporation (US), Showa Denko K.K. (Japan), Jiangsu Cnano Technology Co., Ltd. (China), and Chengdu Organic Chemicals Co. Ltd. (China).

The driving factor for the CNTs market is the intrinsic mechanical properties of CNTs, which make them the ultimate nanomaterial. CNTs have a unique combination of stiffness, strength, and tenacity compared to other fiber materials that usually lack one or more of these properties. The restraining factors of the market are very high prices, limited knowledge, and easy availability of substitutes. The growth of the CNTs market is affected by its cost structure, processing difficulties, and the availability of substitutes, such as silicon carbide nanotubes (SiCNTs). CNT manufacturing methods, such as arc-discharge and laser ablation methods, are expensive, hazardous to the environment, and uneconomical for large-scale production.

“Energy & Storage is projected to be the largest end-use industry of carbon nanotubes market.”

Energy & Storage is the largest end-use industry segment, in terms of both volume, in 2020. Energy & storage segment is sub segmented into lithium-ion batteries, fuel cells, solar PV cells, hydrogen storage, electrochemical supercapacitors, propellants, and others. The lithium-ion batteries sub-segment is expected to account for the larger share of the CNTs market in the energy & storage segment during the forecast period. The demand for lithium-ion batteries is rapidly increasing in vehicles that require lightweight and high-energy density solutions. These batteries provide the highest energy density per weight and are used in cellular phones, notebook computers, and hybrid automobiles.

“Single-walled carbon nanotubes is the fastest-growing resin segment of the carbon nanotubes market.”

Single-walled carbon nanotubes (SWCNT) is the fastest-growing resin segment, in terms of volume, between 2020 and 2025. SWCNT are used in electrical conductive transparent electrodes, conductive heating films, conductive nano inks, nanodevices, displays, chemical sensors, super batteries, supercapacitors, energy storage, solar cells, and thermal interface material among other applications. The high demand from various applications, including drug delivery, field emission, interconnects, sensors, and biomedical applications, is also driving the growth of the SWCNT market.

“APAC is the fastest market for carbon nanotubes during the forecast period.”

APAC is projected to be the largest and the fastest-growing market for carbon nanotubes during the forecast period. Easy availability of raw materials at competitive prices and cheap labor force have made APAC the biggest market for CNTs. Global manufacturers are increasingly setting up their production plants in the region in a bid to ramp up production and increase sales. The major end-use industries of CNTs are electronics & semiconductor, energy & storage, structural composites application, chemical materials & polymers, medical, and others.

Extensive primary interviews have been conducted, and information has been gathered from secondary research to determine and verify the market size of several segments and sub-segments.

Breakdown of Primary Interviews:

By Company Type: Tier 3 – 46%, Tier 2 – 36%, and Tier 1 – 18%
By Designation: D Level – 27%, C Level – 18%, and Others – 55%
By Region: APAC – 55%, North America – 18%, Europe – 9%, South America – 9%, and Middle East & Africa – 9%

Research Coverage:

The carbon nanotubes market has been segmented based on type (single-walled carbon nanotubes and multi-walled carbon nanotubes), method (chemical vapor deposition, catalytic chemical vapor deposition, high-pressure carbon monoxide reaction, and others), end-use industry (electronics & semiconductor, energy & storage, chemical material & polymers, medical, structural composites application, others), and region (APAC, Europe, North America, South America, and Middle East & Africa).

Reasons to Buy the Report

From an insight perspective, this research report focuses on various levels of analyses — industry analysis (industry trends), market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the market; high growth regions; and market drivers, restraints, opportunities, and challenges.

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The report provides insights on the following pointers:

Market Penetration: Comprehensive information on carbon nanotubes offered by top players in the market
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the market
Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the market for carbon nanotubes across regions
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market
Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the market.

Table Of Contents

1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Market Scope
Figure 1 Carbon Nanotubes Market Segmentation
Table 1 Inclusions And Exclusions
1.3.1 Regions Covered
1.3.2 Years Considered For The Study
1.4 Currency
1.5 Unit Considered
1.6 Stakeholders
1.7 Summary Of Changes

2 Research Methodology
2.1 Research Data
Figure 2 Carbon Nanotubes Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown Of Primary Interviews
2.1.2.4 Primary Data Sources
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
Figure 3 Market Size Estimation: Bottom-Up Approach
2.2.2 Top-Down Approach
Figure 4 Market Size Estimation: Top-Down Approach
2.3 Market Forecast Growth Factors
2.4 Data Triangulation
Figure 5 Cnts Market: Data Triangulation
2.5 Assumptions
2.6 Risk Analysis Assessment
2.7 Limitations

3 Executive Summary
Table 2 Carbon Nanotubes Market Snapshot, 2021 Vs. 2026
Figure 6 Multi-Walled Carbon Nanotubes Segment Dominated The Market In 2020
Figure 7 Structural Composites Application End-Use Industry Led Market In 2020
Figure 8 Apac To Be The Fastest-Growing Carbon Nanotubes Market

4 Premium Insights
4.1 Attractive Opportunities In The Carbon Nanotubes Market
Figure 9 Carbon Nanotubes Market To Witness High Growth Between 2021 And 2026
4.2 Carbon Nanotubes Market, By End-Use Industry
Figure 10 Energy & Storage To Be The Largest End-Use Industry
4.3 Apac: Carbon Nanotubes Market, By End-Use Industry And Country, 2020
Figure 11 China And Energy & Storage Segments Accounted For Largest Shares
4.4 Cnts Market: Developed Vs. Developing Countries
Figure 12 Cnts Market To Witness Higher Growth In Developing Countries
4.5 Carbon Nanotubes Market: Growing Demand From Apac
Figure 13 China To Register The Highest Cagr In Apac Market
4.6 Carbon Nanotubes Market: By Major Countries
Figure 14 China To Emerge As A Lucrative Market

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers, Restraints, Opportunities, And Challenges, In The Carbon Nanotubes Market
5.2.2 Drivers
5.2.2.1 Emerging Demand From The Apac Region
5.2.2.2 High Growth Of End-Use Industries, Such As Electrical & Electronics And Automotive
Table 3 Mechanical Properties: Carbon Nanotubes Vs. Other Materials
5.2.2.3 Increasing Demand For Lightweight And Low Carbon- Emitting Vehicles
5.2.2.4 Technological Advancements And Decreasing Production Cost
5.2.3 Restraints
5.2.3.1 Environmental Concern And Health & Safety Issues
5.2.4 Opportunities
5.2.4.1 Growth In Emerging Applications
Table 4 Emerging Applications Of Carbon Nanotubes
5.2.5 Challenges
5.2.5.1 Maintaining Quality And Reducing Processing Cost
5.2.5.2 Stringent And Time-Consuming Regulatory Policies
5.3 Porter’s Five Forces Analysis
Figure 15 Carbon Nanotubes Market: Porter’s Five Forces Analysis
Table 5 Porter’s Five Forces Analysis
5.3.1 Intensity Of Competitive Rivalry
5.3.2 Bargaining Power Of Buyers
5.3.3 Bargaining Power Of Suppliers
5.3.4 Threat Of Substitutes
5.3.5 Threat Of New Entrants
5.4 Macroeconomic Overview And Key Trends
5.4.1 Introduction
5.4.2 Trends And Forecast Of Gdp
Table 6 Gdp Percentage Change Of Key Countries, 2018–2025
5.5 Covid-19 Impact
Figure 16 Range Scenerios: Carbon Nanotubes Market
5.6 Covid-19 Economic Assessment
Figure 17 Latest World Economic Outlook Growth Projections
5.6.1 Covid-19 Economic Impact – Scenario Assessment
Figure 18 Factors Impacting Economy Of Select G20 Countries In 2020
Figure 19 Scenario-Based Analysis Of Impact Of Covid-19 On Businesses
5.7 Average Selling Price Trend
Figure 20 Average Price Competitiveness In Carbon Nanotubes Market, By Region
5.8 Patent Analysis
5.8.1 Methodology
5.8.2 Publication Trends
Figure 21 Number Of Patents Published, 2016-2021
5.8.3 Top Jurisdiction
Figure 22 Patents Published By Jurisdiction, 2016-2021
5.8.4 Top Applicants
Figure 23 Patents Published By Major Players, 2016-2021
Table 7 Top 20 Owners (Us), 2016-2021
5.9 Case Study Analysis
5.10 Regulations
5.10.1 Toxic Substances Control Act (Tsca) (United States), Act 2008:
5.10.2 Reach (Registration, Evaluation, Authorisation And Restriction Of Chemicals) Act 2008:
5.11 Value Chain Analysis
Figure 24 Carbon Nanotubes: Value Chain Analysis
5.12 Technology Analysis
5.13 Carbon Nanotubes Ecosystem
Table 8 Carbon Nanotubes Ecosystem
5.14 Impact Of Trends And Technology Disruption On Manufacturers: Yc And Ycc Shift
Figure 25 Yc And Ycc Shift In The Industry
5.14.1 Automotive & Transportation
5.14.1.1 Electric Vehicles
5.14.1.2 Shared Mobility
5.14.1.3 Types Of Batteries For Electric Power Vehicles
5.14.2 Aerospace
5.14.2.1 Ultralight And Light Aircraft
5.14.2.2 Unmanned Aircraft Systems (Uas) Or Drones
5.14.3 Healthcare
5.14.3.1 Wearable Medical Devices
5.14.3.2 Microfluidics-Based Poc And Loc Diagnostic Devices For Laboratory Testing
5.14.4 Electronics
5.14.4.1 Digitalization
5.14.4.2 Artificial Intelligence
5.14.4.3 Augmented Reality
5.14.4.4 Export Import Statistics, 2020
Figure 26 India Carbon Nanotubes Export Destinations, 2020
Figure 27 India Carbon Nanotubes Import Destinations, 2020

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