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Carbon Nanotubes Market size worth USD 8.1 billion by 2024


Carbon Nanotubes Market size was USD 1.35 billion in 2015, and is anticipated to grow at 22.1% between 2016 and 2024. U.S. carbon nanotubes market looks set to grow by over 19% through 2024. The regional market is propelled by presence of major industry players such as Nanocyl SA. 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. – PowerPoint PPT presentation

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Title: Carbon Nanotubes Market size worth USD 8.1 billion by 2024

Carbon Nanotubes Market Size, Share, Industry
Outlook Forecast 2016-2024
Carbon Nanotubes Market size worth USD 8.1
billion by 2024
Global Market Scenario of Carbon Nanotubes
  • Carbon Nanotubes Market size is expected to
    exceed USD 8.1 billion by 2024 according to a
    new research report by Global Market Insights,
  • Multi wall carbon nanotubes market size was
    responsible for over 90 of global volume in
    2015. MWNCT exhibit extraordinary thermal,
    electrical, and mechanical properties, which
    makes them desirable for application as polymers
    additives, catalysts, gas-discharge tubes in
    telecom networks, electron field emitters for
    cathode ray lighting elements, flat panel
    display, electromagnetic-wave absorption
    shielding, hydrogen storage, energy conversion,
    lithium-battery anodes, nanotube composites (by
    coating or filling), nanoelectrodes,
    nanolithography, drug delivery, sensors,
    reinforcements in composites, and supercapacitor.
  • Polymers dominated the application base and
    accounted for over 50 of global carbon nanotubes
    market share in 2015 and are forecast to retain
    dominance up to 2024. CNT offer tensile strength
    and elastic modulus to polymers making them ideal
    for industrial applications.

  • Polymer mechanical properties are significantly
    influenced by interfacial interactions between
    polymer matrices and carbon nanotubes. Booming
    polymer applications across industries will
    subsequently propel industry growth over the
    forecast timeframe.
  • Rising carbon nanotubes demand in other
    applications such as medical healthcare,
    electrical devices, and optical devices is likely
    to further fuel industry growth over the forecast
  • However, high cost synced with purification
    results in increased product price, which may
    hamper industry growth from 2016 to 2024.
    Furthermore, substitute threat of nanomaterials
    such as polypeptide nanotubes, carbon
    nanoribbons, and cellulose nanocrystals may
    negatively influence global carbon nanotubes
    market over the forecast timeframe.

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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 pn 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.

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Products 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.
  • MWCNT) Multi wall carbon nanotubes market size is
    forecast to expand at over 22 CAGR up to 2024.
    In recent years, industries are preferring
    polymers over metals. However, where electrical
    conductivity is essential, metals are preferred
    over plastics.

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Regional Competitive Analysis
  • U.S. carbon nanotubes market looks set to grow by
    over 19 through 2024. The regional market is
    propelled by presence of major industry players
    such as Nanocyl SA.
  • India, South Korea and China carbon nanotubes
    market dominated the APAC industry share, which
    accounted for over 40 in 2015. Regional growth
    is favored by rapid commercialization accompanied
    with vast customer base for electronics goods.
  • Latin America was mainly led by Brazil carbon
    nanotubes market size and was valued more than
    USD 150 million in 2015.
  • Global carbon nanotubes market is fragmented.
    Major industry players are Nanocyl SA, Korea
    Kumho Petrochemical Company Ltd., Hanwha Nanotech
    Corporation, Arkema SA, and CNano Technology
    Limited. Other notable players include Hyperion
    Catalysis International Inc., Nanothinx S.A,
    Klean Commodities, Future Carbon GmbH, Showa
    Denko K.K., Continental Carbon Nanotechnologies,
    Raymor Industries Inc., and Carbon Solutions Inc.
  • Hanwha Nanotech Corporation and Arkema SA are
    backward integrated, where they manufacture the
    raw material required for carbon nanotubes. In
    addition, CNano Technology Limited, Raymor
    Industries Inc., Nanocyl S.A., Nanoshel LLC, and
    Thomas Swan Co. Ltd. have appointed exclusive
    distributors in various regions to meet the
    rising demand for carbon nanotubes in end-user


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