Press release
Carbon Nanotubes Market Size, Share, Analysis, Trends and Outlook, Forecast 2024-2031
Market OverviewCarbon nanotubes (CNTs) are an allotrope of carbon. They appear as round and hollow carbon particles and have novel properties that make them conceivably valuable in a wide assortment of utilizations in nanotechnology, hardware, optics, and different fields of materials science. Carbon nanotubes (CNTs) have been pulled into tremendous consideration in recent decades, because of their phenomenal physical and concoction properties that are a consequence of their inherent nano-sized one-dimensional nature.
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Carbon Nanotubes (CNT) Market Dynamics and Trends
Physical qualities, ability to replace other materials, and manufacturing capacity increase fuel market growth. Physical structure and features provide several benefits. Graphite, created by stacking carbon sheets, resembles CNT. This structure gives CNTs amazing electrical, mechanical, optical, thermal, and chemical characteristics. CNTs are carbon-based and resistant to environmental and physical damage. CNTs are in great demand in medical, aerospace and military, electronics, automotive, energy, construction, and sports due to their advantages.
CNTs might replace semiconductor and energy industry materials. Research institutions are developing CNTs to replace silicon in solar cells. Indium-tin-coated films are brittle and costly. CNTs might replace them. LCDs, solar cells, LEDs, touch screens, bullet-proof vests, and hydrogen fuel cells for automobiles employ these films. The projection expects CNT demand to rise because to their ability to replace essential elements.
Efficiency difficulties with CNT and metallic components, IC performance deterioration with metallic CNT, and chip CNT alignment concerns are limiting industry expansion. Most ICs need 100% CNTs. Separating metallic CNT from semiconductors is difficult. Electrical resistance lowers the connection size between the nanotube and metallic IC components, making electricity conduction inefficient. These issues may slow market development in the projection.
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Carbon Nanotubes (CNT) Market Segmentation:
Based on product type, the global market for carbon nanotubes is broadly segmented as Single-walled carbon nanotubes (SWCNT) and multi-walled carbon nanotubes (MWNT).
The Multi-walled carbon nanotubes (MWNT) market value was US$ 770.8 million in 2018 and is expected to reach USD YY million by 2021 with a CAGR of YY% during the forecast period 2024 to 2031. MWNCTs have major applications in energy storage (batteries and super-capacitor) and conductive copper. MWNTs are highly conductive when integrated into a composite structure.
Geographical Share
The global Carbon Nanotubes is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
The Asia Pacific holds the majority of the share of 43% by value and 45% by volume of the market owing to the high production of CNT and exponential growth of the electronics and semiconductor industry in the Asia-Pacific region. The Asia-pacific market is anticipated to grow at a significant pace owing to increased production of CNT and rapid growth experienced by the electronics and semiconductor industry within the Asia-Pacific region.
Carbon Nanotubes (CNT) Market Companies
Some of the key market players in the global carbon nanotubes market are Showa Denko K.K., Nanocyl SA, CNano Technology Ltd., Arkema Inc., Hyperion Catalysis International Inc., Hanwha Chemical Corp., Kumho Petrochemical Co., Ltd., Toray Industries, Inc. Carbon Solutions, Inc. and Cheap Tubes, Inc.
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