Press release
Carbon Nanotubes Market Growing Demand to Boost the Market Growth | Hyperion Catalysis International, Kumho Petrochemical, Klean Industries
A recent study by the strategic consulting and market research firm; Report Ocean revealed that the global carbon nanotubes market was worth USD 5,331.5 million in 2021 and is projected to reach up to USD 10,530.4 million by the year 2028, exhibiting a CAGR of 10.6% during the forecast period 2022-2028. Many factors are driving the carbon nanotubes (CNTs) market, including the growing demand for lightweight structural polymer composites and antistatic packaging from automotive, electronics, energy, and industrial end-users, as well as the fact that carbon nanotubes are primarily used in polymers, energy, electrical, and electronics applications. CNTs are widely used as a reinforcing material in polymers to increase strength and reduce weight. CNTs also have a smaller diameter and higher electrical conductivity, allowing them to replace steel in various applications.
Download Free Sample of This Strategic Report:https://reportocean.com/industry-verticals/sample-request?report_id=MR297
Growing Adoption of Carbon Nanotubes in Electronics Industry Contributes to boost Market Growth
CNTs are used to develop transistors, semiconductor components, electrostatic packaging, hard-disk drive components, integrated circuits (ICs), and IC test and burn sockets due to their unique electrical and mechanical capabilities. These components are required for the operation of any electrical device. As a result of the rise in electronic devices such as smartphones and tablets, the CNT market will grow. According to JEITA, total global output by the electronics and IT industries is predicted to increase 11% year on year in 2021 to $3,360.2 billion, with production increasing 5% to $3,536.6 billion in 2022. Carbon nanotube demand is predicted to rise due to present market growth in the electronics industry (CNTs). Due to the transition to EV (electric vehicles) and the growing percentage of electrical components in autos, and the rising demand for eco-friendly products in the automotive and aerospace industries, electronic components and devices are predicted to grow across regions.
Medical Sector is Anticipated to Witness Fastest Growth in Carbon Nanotubes Market
The medical sector is projected to witness the fastest growth in the carbon nanotubes (CNT) market during the forecast period 2022-2028. The carbon nanotubes play a significant role in various medical procedures such as transdermal drug delivery, cancer treatment, proteomics, others (cardiac autonomic regulation, platelet activation, tissue regeneration & others). The use of CNTs with biological systems can bring about advancements in medical science, especially diagnostics, biosensing, drug delivery, and disease treatments. Such extensive usage of CNTs anticipated propelling the market growth of the carbon nanotubes market in the medical sector.
The Multi-Walled Carbon Nanotubes (MWNT) Segment to Bolster Carbon Nanotubes Industry Growth
The Multi-walled carbon nanotubes (MWNT) market catered to the largest market share in the global carbon nanotubes market and is expected to follow the trend from 2022-2028. MWNCTs are widely used in energy storage (batteries and supercapacitors), as well as conductive copper. When MWNTs are used in a composite structure, they become highly conductive. On the other side, the outer wall is the only structural component that can conduct electricity, whereas the inside walls are not. MWNTs have a large aspect ratio, with lengths nearly 100 times and, in certain instances, much longer than the diameter. The aspect ratio, degree of entanglement, and straightness of the tubes all influence their performance and application. Hence the advantages mentioned above support the market growth of MWNT segmental growth.
Impact Of COVID-19 On The Carbon Nanotubes Market
The COVID-19 pandemic has led to a severe impact across all the carbon nanotubes industries worldwide. The rapid and unexpected spread has led authorities across the globe to take stricter actions for the operations of industrial plants and offices, thus imposing stricter lockdowns. Industries cannot get complete and proper raw materials for the production of carbon nanotubes and better functioning of factories, which resulted in the fall down of the Carbon Nanotubes Market. Due to the non-availability of motors and plant shutdown, the virus substantially impacted industries producing electric motors and carbon nanotubes.
Request To Download Sample of This Strategic Report:-https://reportocean.com/industry-verticals/sample-request?report_id=MR297
Asia-Pacific Accounted for Largest Market Share in Global Carbon Nanotubes Market
In the global carbon nanotubes market, Asia Pacific contributed the most revenue, and this trend is expected to continue during the forecast period. The rising automobile, aerospace, and electronics industries, particularly in Japan, China, India, and Malaysia, are expected to improve polymer demand, which will boost carbon nanotubes and non materials market demand. In 2021, Asia Pacific held the largest market share of the global carbon nanotubes market, and it is expected to develop at the fastest CAGR over the forecast period.
Competitive Landscape
The key players operating in the global carbon nanotubes market are Cabot Corporation, Arkema SA, CHEAPTUBES, CHASM Advanced Materials Inc., Jiangsu Tiannai Technology Co. Ltd., Hyperion Catalysis International, Kumho Petrochemical, Klean Industries, Nano-C, LG Chem., Nanostructured & Amorphous Materials Inc., Nopo Nanotechnologies, Raymor Industries, Ossila Ltd., Thomas Swan and Co. Ltd., Showa Denko K.K., Tokyo Chemical Industry Co. Ltd., Toray Industries and other prominent players.
Market Segment:
By Product Type (Single-Walled Carbon Nanotubes And Multi-Walled Carbon Nanotubes)
By Methods (Chemical Vapour Deposition, Catalytic Chemical Vapour Deposition And High-Pressure Carbon Monoxide)
By Application (Electronics And Electrical, Plastics And Composite Chemical, Batteries, Energy, Medical And Others)
By Region (North America, Europe, Asia Pacific, Latin America, Middle East, And Africa)
Table of Content:
Report Overview
Global Growth Trends
Competition Landscape by Key Players
Data Segments
North America Market Analysis
Europe Market Analysis
Asia-Pacific Market Analysis
Latin America Market Analysis
Middle East & Africa Market Analysis
Key Players Profiles Market Analysis
Analysts Viewpoints/Conclusions
Appendix
.................Some More Report..............
Asia Pacific DIY Home Security Systems Market: https://www.barchart.com/story/news/13514153/asia-pacific-diy-home-security-systems-market-size-forecast-projected-to-garner-significant-revenues-by-2030
Global Water Purifier Market: https://www.barchart.com/story/news/13514151/global-water-purifier-market-size-analysis-and-revenue-forecast-size-to-expand-momentously-over-2022-2030
North America Water Purifier Market: https://www.barchart.com/story/news/13514149/north-america-water-purifier-market-size-research-revenue-valuation-to-surge-at-healthy-cagr-through-2030
Europe Water Purifier Market: https://www.barchart.com/story/news/13514380/europe-water-purifier-market-size-survey-future-demand-to-display-unparalleled-growth-over-2022-2030
Asia Pacific Water Purifier Market: https://www.barchart.com/story/news/13514378/asia-pacific-water-purifier-market-size-analysis-and-revenue-to-gain-substantial-traction-through-2030
Request full Report : https://reportocean.com/industry-verticals/sample-request?report_id=MR297
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today's competitive environment. Report Ocean is a 'one-stop solution' for individuals, organizations, and industries that are looking for innovative market research reports.
Get in Touch with Us:
Report Ocean:
Email:sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 - UNITED STATES
Tel:+1 888 212 3539 (US - TOLL FREE)
Website:https://www.reportocean.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Carbon Nanotubes Market Growing Demand to Boost the Market Growth | Hyperion Catalysis International, Kumho Petrochemical, Klean Industries here
News-ID: 2895452 • Views: …
More Releases from Report Ocean
Japan Internet Advertising Market CAGR of 24.9%, Behind the Scenes Techniques fo …
The Japan Internet Advertising Market has demonstrated remarkable growth, reaching a valuation of USD 29.49 Billion in 2021. With the digital landscape continually evolving, it is forecasted to soar to an impressive USD 112.04 Billion by 2027. This surge represents an anticipated compound annual growth rate (CAGR) of 24.9% over the projected period, highlighting the dynamic and rapidly expanding nature of the digital advertising sector in Japan.
Internet Advertising are set…
Location Analytics Market Through the Looking Glass Techniques for a Profound Un …
This comprehensive market research report offers an in-depth analysis of the global location analytics market from 2019 to 2026. Valued at USD 10,813.6 million in 2019, the market is forecasted to surge to USD 29,878.5 million by 2026, demonstrating a robust Compound Annual Growth Rate (CAGR) of 15.6% throughout the projection period. This report delves into the key drivers, restraints, opportunities, and challenges that are shaping the market, providing stakeholders…
Affiliate Marketing Platform Market Eyes Wide Open Maximizing the Value of Obser …
The Global Affiliate Marketing Platform Market, valued at USD 19,217.4 million in 2021, is projected to witness significant growth over the next decade, reaching an estimated value of USD 36,902.1 million by 2030.
This report provides an in-depth analysis of the market dynamics, growth drivers, challenges, and opportunities that will influence the affiliate marketing landscape over the forecast period of 2021-2030. With a Compound Annual Growth Rate (CAGR) of 7.7%,…
Global Clear Brine Fluids Market Growth Forecast and Trends (2022-2030)
The global clear brine fluids market was valued at US$ 0.95 billion in 2021. It is anticipated to experience growth, reaching a valuation of US$ 1.39 billion by 2030. This growth trajectory translates to a compound annual growth rate (CAGR) of 3.1% during the forecast period from 2022 to 2030. Clear brine fluids, crucial in the oil and gas industry for drilling and completion processes, are poised for increased demand,…
More Releases for Carbon
Carbon-Carbon Composite Market to Reach $3.31 Billion by 2031 | SGL Carbon, Toyo …
NEW YORK, (UNITED STATES) - QY Research latest 'Carbon-Carbon Composite Market 2025 Report' offers an unparalleled, in-depth analysis of the industry, delivering critical market insights that empower businesses to enhance their knowledge and refine their decision-making processes. This meticulously crafted report serves as a catalyst for growth, unlocking immense opportunities for companies to boost their return rates and solidify their competitive edge in an ever-evolving market. What sets this report…
Carbon Black Market Next Big Thing | Cabot, Tokai Carbon, Jiangxi Black Carbon, …
Market Research Forecast published a new research publication on "Global U.S. U.S. Carbon Black Market Insights, to 2030" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study, you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market-associated stakeholders. The growth of the U.S. U.S. Carbon Black Market was mainly driven by the increasing R&D spending across the world.
Get Free Exclusive…
Carbon-Carbon Composite Material Market Size, Share 2024, Impressive Industry Gr …
Report Description: -
QY Research's latest report 'Carbon-Carbon Composite Material Market 2024 Report' provides a comprehensive analysis of the industry with market insights will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. Finally, this will increase the return rate and strengthen the competitive advantage within. Since it's a personalised market report, the services are catered to the particular difficulty. The…
Carbon Black Market Scenario & Industry Applications 2020-2025 | Phillips Carbon …
The global carbon black market size is projected to surpass USD 18 billion by 2025. Carbon black act as a reinforcement material for tires and rubber, and possess electrical conductive properties. Carbon black provide pigmentation, conductivity, and UV protection for a number of coating applications along with toners and printing inks for specific color requirements. Its multiple application across various end product along with rising economic outlook has significantly enhanced…
Global Carbon-Carbon Composite Market 2020-2026 SGL Carbon, Toyo Tanso, Tokai Ca …
Global Carbon-Carbon Composite Market 2020-2026 analysis Report offers a comprehensive analysis of the market. It will therefore via depth Qualitative insights, Historical standing and verifiable projections regarding market size. The projections featured inside the report square measure derived victimisation verified analysis methodologies and assumptions. Report provides a progressive summary of the Carbon-Carbon Composite business 2020 together with definitions, classifications, Carbon-Carbon Composite market research, a decent vary of applications and Carbon-Carbon…
Global Carbon Black Market to 2026| Cabot, Orion Engineered Carbons, Birla Carbo …
Albany, NY, 10th January : Recent research and the current scenario as well as future market potential of "Carbon Black Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026" globally.
Carbon Black Market - Overview
Carbon black (CB) is manufactured through partial combustion of heavy hydrocarbons under controlled temperature and pressure to obtain fine particles and aggregates having a wide range of structure and surface properties. This…
