2028 Carbon nanotubes Industry Report Growth Forecasts

Stratistics MRC’s Global Carbon nanotubes Market value expected to reach $2,580.49 million growing at a CAGR of 16.4% during 2020-2028.

Carbon nanotubes (CNTs) are cylindrically shaped structures with a diameter of one billionth of a meter, which is a hundred times tougher and just one-sixth as heavy as steel. The most noteworthy property of carbon nanotubes is the high strength and low weight joint with physical flexibility. Carbon nanotubes are increasingly being used as an efficient tool in transporting drug molecules, while it shows a foremost part in body implants, dental filling, and medical device components. Carbon nanotubes display higher thermal and electrical conductivity than conventional copper tubes. CNTs are functionalized with nucleic acids, proteins, bioactive peptides, and drugs for targeted drug delivery to the cells and organs. Carbon nanotubes assure low toxicity and are not immunogenic, owing to which it has potential application in the field of nanomedicine and nanobiotechnology, among others.
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By geography, Asia Pacific is going to have high growth during the forecast period. In India, government initiatives, low-cost labour, such as Make in India, and the proposed scheme on entrepreneurship development may expose opportunities in the infrastructure and industrial segments. China is a promptly emerging nation with many emerging applications such as, superconductors, filters, hydrogen storage and capacitors. It offers numerous opportunities for industry players who are eager to invest in the growing application areas. The country also offers inexpensive raw materials, a low cost of production, and the ability to cater to the local emerging markets. It is witnessing amplified demand for carbon nanotubes from the electronics & semiconductors end-use industry.

Some of the key players profiled in the Carbon Nanotubes (CNT) Market include Arkema SA, Canatu, Cnano, Continental Carbon Nanotechnologies, Foxconn, Hanao Co Ltd, Hyperion Catalysis International Inc, Klean Commodities, Nanocyl, Nanointegris, Nanothinx S.A, Shenzhen Nanotech Port Co. Ltd, SouthWest NanoTechnologies and TorayUnidym.
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