Carbon Nanotube Market is Estimated to Reach USD 6,844.98 Million by the end of 2028: Cognitive Market Research

Market Overview:
Carbon nanotubes (CNTs) are an innovative graphitic material consisting of graphene sheet(s) formed in a cylindrical fashion into a unique tubular structure. Carbon nanotubes are the tube-like material, an allotrope of carbon with the diameter measuring in nanometer scale. The carbon atoms are joined by strong covalent bond to another three-carbon atom which led to the very high melting point. With the spare electron on each carbon atom, the sea of delocalized electrons within the tube is forms which provide tube the ability to conduct electricity. The tube conducts the heat and electricity same as that of copper but without oxidative concerns. The carbon nanotube on molecular level are 100 times stronger than steel and are light in weight and can have different structures, lengths, thicknesses, and number of layers.
The growing demand for the lightweight materials, emerging application of the carbon nanotube in electrical applications, sporting goods, bulletproof jackets, energy (lithium-ion batteries, super-capacitors and flow batteries), electronics (electronic packaging, EMI shielding), manufacturing conductive coatings, inks etc. fuels the growth of Global Carbon Nanotubes (CNT) Market.

Market Insight:
• Global Carbon Nanotube Market is expected to reach USD 6,844.98 Million by the end of 2028, growing at a CAGR of 15.67% between 2021 and 2028.
• Single Walled Revenue (USD Million) is anticipated to reach at USD 5,422.16 Million in 2028
• Electronics & Semiconductors Revenue (USD Million) in Carbon Nanotube is projected to reach USD 1,840.90 Million in 2028.
• Chemical Vapor Deposition Revenue (USD Million) in Carbon Nanotube is estimated to reach USD 3,926.37 Million in 2028.
• North America Carbon Nanotube market size is anticipated to reach USD 1,927.55 Million in 2028.

To know more The Carbon nanotubes Market statistics click here: https://www.cognitivemarketresearch.com/carbon-nanotube-transparent-conductive-film-market-report

Market Drivers:
Growth in the Automotive industry and rise in car sales across the globe Digitization, increasing automation, and new business models have revolutionized global automotive industry. Diverse mobility, autonomous driving, electrification, and connectivity are the primary technology-driven trends in the automotive sector.
It had been estimated pre-pandemic that international car sales were expected to reach 80 million in 2020 which has declined to only 62 million due to covid-19 impact. However, the demand for new cars is expected to increase after December 2020 and is expected to reach 68 million in the year 2021, leading to the rise in the adoption of CNT in automobile industry. China is one of the largest automobile markets based on car sales with around 21 million units in 2019. However, monthly car sales in China declined in February 2020 due to the coronavirus outbreak in the country.
The car sales in China started increasing from April 2020 and is expected to increase further after 2020, which in turn is expected to boost the adoption of the CNT in car manufacturing in near future. This is expected to have positive impact on global CNT market across the globe.
Rise in the adoption of the CNT in aviation industries and several end-use industries
• Restraints for Carbon Nanotube Market
Environmental factors affecting the CNT's demand and Regulations for CNT's
• Opportunities for Carbon Nanotube Market
Increased R&D in CNT's market

Market Segmentation:
Product:
• Single Walled
Carbon nanotube is cylindrical molecules consist of rolled sheets of single layer carbon atoms or graphene. Carbon nanotube have unique thermal and mechanical properties with tensile strength light weight, thermal conductivity, flexible. Single walled carbon nanotubes are one dimensional, cylindrically shaped allotropes pf carbon that have higher surface area and these nanotubes made of one thick nano carbon sheets that forms a tube shape. Single walled carbon nanotube used in aqueous, solvent and polymer dispersion and emulsions with traditional surfactants. Single walled carbon nanotubes have three types of structure such as Zigzag, Armchair, Chiral nanotube.

• Multi Walled
Multiwalled carbon nanotube are hollow cylindrical shaped allotropes of carbon. It consists of layers of concentric nanotubes of graphene inside other nanotubes. Multi-walled carbon nanotube has unique properties as each concentric nanotube have different structure. The multi wall carbon nanotube used in products improves mechanical, electrical and thermal conductivity in the products. The applications of multi walled carbon nanotube includes:
• Caulks and sealants
• Advanced ceramics
• Semiconducting materials
• Drug delivery
• Membrane and filters
• Medical implants
• Lithium-ion batteries
• Sporting goods (tennis rackets, bike rims)
• Aerospace
• Textiles & fibers
• Electromagnetic Shielding
• Catalysts (petrochemical)
• Sensors and Instruments
• Coatings (conductive thin films)
• Conductive polymers & composites (automobiles and electronics)
• Paints

Technology:
• Chemical Vapor Deposition:
Chemical vapor deposition is a complex process of depositing thin coatings on substrate through chemical reactions of gaseous materials. It is useful process to synthesize carbon nanotubes of high purity, density, strength It has emerged as unique method in industrial sector such as semiconductor and ceramic industries.

• Catalytic Chemical Vapor Deposition (CCVD):
Catalyst chemical vapor deposition is an enhancement method used for synthesis of nano materials on thermally sensitive substrates in the presence of metal catalysts. Such catalyst ensures deposition carried out at low temperature and also produces films of high-purity. Catalytic chemical vapor deposition i efficient and low-cost method for mass production of high pure carbon nanotubes. Carbon nanotube produced by catalytic decomposition of hydrocarbon vapors.

• High-Pressure Carbon Monoxide Reaction

Application:
• Electronics & Semiconductors
Carbon nanotube has electrical properties such as thermal conductivity for organic material and has huge potential in electronic applications such as photovoltaic sensors, semiconductor devices, displays, conductors, smart textiles and energy conversion devices (e.g., fuel cells, harvesters and batteries). Carbon nanotube used for making transistors, thin film batteries, supercapacitors, ultra-conductive copper.

• Energy & Storage
Carbon Nanotube effectively producing electrical charges and thermal energy throughout tube. Carbon nanotube has effective producing electrical charges and thermal energy throughout the tube. The unique properties have created the potential for Carbon nanotube used as a supplemental material for energy conversion and storage devices. Carbon nanotube used inlead acid batteries that creates significant stronger and conductive energy storage products.

• Chemical Material & Polymers
• Medical 
• Structural Composites Applications

Get free sample pages of latest published Carbon nanotubes Report: https://www.cognitivemarketresearch.com/carbon-nanotube-transparent-conductive-film-market-report

Competitive Analysis for Carbon nanotubes Market:
Air Liquide, The Linde Group, Arkema, LG Chem, Praxair, Air Products and Chemicals, Sobegi, Messer Group, Matheson Tri Gas, Rahul Barium Chemicals, Nafine Chemical Industry, Shenhong Chemical, Longfu Group

• LG Chem
LG Chem is a Korean Based company which is involves in the development, production and distribution of the chemical solution all across the world. The company also has two subsidiaries LG Energy Solution and Farm Hannong. The company has three business area which are

• Arkema
Arkema is a one of the major players which is involved in research, development, production and distribution of the Specialty Materials. The company operates in four segments which are Adhesive Solutions, Advanced Materials, Coating Solutions and Intermediates.

Related Report:
• Multi Wall Carbon Nanotube Market- https://www.cognitivemarketresearch.com/multi-wall-carbon-nanotube-market-report
• Carbon Nanotubes Conductive Inks Market- https://www.cognitivemarketresearch.com/carbon-nanotubes-conductive-inks-market-report
• Single wall Carbon Nanotube Market- https://www.cognitivemarketresearch.com/single-wall-carbon-nanotube-market-report
• Carbon Nanotube Transparent Conductive Film Market- https://www.cognitivemarketresearch.com/carbon-nanotube-transparent-conductive-film-market-report

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
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