Carbon Nanotubes Market size worth USD 8.1 billion by 2024

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Carbon Nanotubes Market Size, Share, Industry
Outlook Forecast 2016-2024
Carbon Nanotubes Market size worth USD 8.1
billion by 2024
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Global Market Scenario of Carbon Nanotubes
Industry

• Carbon Nanotubes Market size is expected to
  exceed USD 8.1 billion by 2024 according to a
  new research report by Global Market Insights,
  Inc.
• 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.

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Continue

• 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
  timeframe.
• 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
  industries.

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