Key Industry Players in the Global Carbon nanotubes Market Further, the steady rise in the feasibility of many potential applications of carbon nanotubes is expected to boost the market growth over the forecast period. The multi-walled variant of carbon nanotubes is used in various applications like conductive transparent electrodes, electrical conductivity, supercapacitors, conductive nano inks, conductive heating films, chemical sensors, super batteries, nanodevices, displays, energy storages, thermal interface material, and solar industries. The market growth of carbon nanotubes is being driven by the rising demand for multi-walled carbon nanotube segment. Rising Demand for Multi-Walled Carbon Nanotube Segment to Aid the Market Growth of Carbon Nanotubes The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. On the basis of type, the market is divided into:īased on method, the industry can be segmented into:īy application, the industry is categorised into: They are also referred to as single-wall carbon nanotubes. China is expected to dominate the carbon nanotubes demand owing to rising industrial production in the country.Ĭarbon nanotubes are basically tubes made of carbon and its diameter are usually measured in nanometers. The robust demand from the region is contributing to the global growth of the carbon nanotubes. Region-wise, the Asia Pacific market is estimated to grow exponentially over the forecast period as a result of rising demand from many countries, such as China, India, Vietnam, Taiwan, South Korea, and Singapore. Moreover, the ongoing R&D to capture new applications, such as glass ceramic, structural steel, hair colour, and agriculture is predicted to aid the market growth in the coming years. The technological advancements to bring into effect enhanced quality, develop advanced products, and decrease the prices is expected to aid the market growth over the forecast period. Further, the growing commercialization and ramping up of installed capacities is boosting the market growth of carbon nanotubes. The market growth of carbon nanotubes is being driven by the rising demand for the product in various applications like integrated circuits, field emission displays, lithium batteries, hydrogen storage, fuel cells, solar PV cells, and drug delivery. Read more about this report - REQUEST FREE SAMPLE COPY IN PDFĮxtensive Application of Carbon Nanotubes to Aid the Market Growth of Carbon Nanotubes The global carbon nanotubes market attained USD 6 billion in 2020 and is expected to grow at a CAGR of 16% in the forecast period of 2020-2025 to reach USD 15 billion by 2026.
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