Global Carbon Nanotubes Market Growth to ascend with its surging use in the Aerospace Industry

Inkwood Research evaluates that the Global Carbon Nanotubes Market is predicted to register a CAGR of 14.67% in terms of revenue during the forecast period, 2019-2028.

"Browse 54 Market Data Tables and 52 Figures spread over 170 Pages, along with an in-depth TOC on the Global Carbon Nanotubes Market Forecast 2019-2028."

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Carbon Nanotubes (CNTs) are made of carbon with diameters usually measured in nanometers. They find major applications due to its properties like electrical conductivity, gas & energy storage capacity, high tensile strength, and current-carrying capacity. They exhibit huge potential for use in sensors, semiconductor devices, conductors, displays, photovoltaics, etc.

Growing Demand in Aerospace Industry fuels Market Growth

The demand for the production of commercial aircraft in the aerospace industry is increasing rapidly. This has led to manufacturers prioritizing the development of composite solutions for weight reduction of aircraft and making it fuel-efficient. Adhesives are a prime technology component for assembling composite structures in aerospace applications, but they have their limitations in terms of performance in low-temperature and high-vacuum environments. In order to tackle these drawbacks, carbon nanotubes are added to epoxy adhesive systems. This is because of its high electronic conductivity and axial stress. This is set to result in ample growth opportunities for carbon nanotubes in the aerospace industry.

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Electronics is the Prominent End-User in terms of Revenue & CAGR

Carbon Nanotubes exhibit electrical properties for organic materials. Its application in electronic circuits improves their life span and durability, apart from enhancing their electrical and thermal conductivity. The application of CNTs with regard to the manufacture of electronics involves its integration into thermal interface materials (TIMs), using it as cooling fins, and applying it for interconnection. It is also utilized in the on-chip thermal management. Developing transistors from carbon nanotubes allows minimum transistor dimensions of few nanometers. CNTs are thus penetrating the transistor industry. It also enables the development of techniques for manufacturing integrated circuits built with nanotube transistors.

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Asia Pacific is estimated to Lead and Dominate the Global Market by 2028

There is increasing penetration of CNTs in electrical & electronics, energy, and automotive industries, in the region. The region encompasses countries like China, Korea, and Japan, where there are high demands for CNTs. China is one of the biggest manufactures and consumers of carbon nanomaterials in the region. Many key players operate in the Asia Pacific region. Also, substantial investments in terms of finding commercial applications, are set to provide market growth opportunities.

The global carbon nanotubes market is partly fragmented, with few companies having a considerable share. This results in intense competition to garner the largest market share, for which the players are adopting several strategies. These include joint ventures, R&D laboratories, and collaborations. Some of the eminent players in the market include, Jiangsu Cnano Technology Co Ltd, Chengdu Organic Chemicals Co Ltd (Timesnano), Arkema, Showa Denko KK, Nanocyl SA, etc.

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