Tire Carbon Nanotubes Market trends for 2016 & industry forecast to 2024

The carbon Nanotubes market has become a billion-value industry due to the high demand for these materials across various end use industries. Carbon nanotubes are allotropes of carbon having a cylindrical nanostructure and possess excellent properties, making it popular across electronics, optics, nanotechnology, and material science industries. Properties like high tensile strength and light- weight of these materials make them used widely across defense, aerospace, and electronics sectors.

Global Market Insights has a new study based report titled " Carbon Nanotubes Market Size By Product (Single Wall Carbon Nanotubes [SWCNT], Multi Wall Carbon Nanotubes [MWCNT]), By Application (Polymers, Energy, Electrical & Electronics), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Russia, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024".

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The report offers all-inclusive analysis of:

1 Market structure
2 Factors restraining market growth
3 Market growth drivers
4 Opportunities and challenges
5 Market estimations and forecast for projected period

As per a research report on Carbon Nanotubes Market by Global Market Insights Inc., “the global carbon nanotubes market worth USD 1.35 billion in 2015, is estimated to grow at a CAGR of 22.1 % over the period of 2016-2024, hitting USD 8.1 billion by 2024.” Wide applications of these materials across energy, electrical & electronics, and polymers industries are likely to drive the market growth over the forecast timeframe, says the report.

The Carbon Nanotubes Market Report Consists of,

1. Methodology and Scope
2. Executive Summary
3. Carbon Nanotubes Market Industry Insights

3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2016 - 2024
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights

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3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends

4. Carbon Nanotubes Market Product Insights

Single wall carbon nanotubes (SWCNT) product comprised a small chunk of global share in 2015. SWCNT are likely candidates for electronics owing to their high electrical conductivity, which shows metallic or semiconducting characteristics. Also, these are basic building blocks used in the electric wires. In addition, being excellent conductors along with thin diameter makes them desirable for electrical applications.

5. Carbon Nanotubes Market Application Insights

Polymer applications were valued at over USD 900 million in 2015. Owing to their ultra-small diameter and high electric conductivity, these products find widespread application to enhance polymers properties along with light weight. In addition, these are homogeneously embedded into light weight engineered polymers. Rising product demand to boost electrical affinity in polymers is likely to propel carbon nanotubes market size for polymer application.

Electricals & Electronics are anticipated to experience gains at over 20% CAGR from 2016 to 2024. CNTs demonstrate unique electrical properties for building electronic devices such as field effect transistors and diodes. They can also be used to form a p–n junction diode by polymer coating and chemical doping. Furthermore, CNT based diodes can potentially disperse heat out of the computer chips due to their unique thermal transmission properties.

6. Carbon Nanotubes Market Regional Insights

U.S. carbon nanotubes market size was valued at over USD 340 million in 2015 and is likely to be promising industry due to robust manufacturing of engineered polymers such as PEEK Increasing government funding focusing on nanotechnology is forecast to boost regional growth.

Asia Pacific is projected to witness highest gains above 23% CAGR from 2016 to 2024. Inclining polymer industry accompanied with growing electronic sector, particularly in China, India, and Japan, is forecast to drive regional carbon nanotubes market share over the forecast timeframe. Furthermore, increasing electronic product sales such as LED televisions and smartphones will further complement industry growth.

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7. Competitor Profiles

Global carbon nanotubes market share is moderately fragmented due to presence of large number of medium and small industry participants. Key industry players are Arkema SA, CNano Technology Limited, Hanwha Nanotech Corporation, Korea Kumho Petrochemical Company Ltd., and Nanocyl SA. Other prominent participants include Carbon Solutions, Inc., Showa Denko K.K., Future Carbon GmbH, CNT Co., Ltd., Continental Carbon Nanotechnologies, Inc., Raymor Industries Inc., Klean Commodities, Hyperion Catalysis International Inc., and Nanothinx S.A.

About Global Market Insights, Inc.:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Global Market Insights, Inc.
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This release was published on openPR.