Carbon nanotubes market is expected to reach $3,812 million by 2022 from 2015 value of $1,033 million, growing at a CAGR of 20.6% from 2016 to 2022. This report provides comprehensive analyses of the types of CNTs available in the market such as SWCNTs and MWCNTs along with the current market trends and future growth potential. It focuses on the application areas of CNTs such as structural polymer composites, conductive adhesives, conductive polymer composites, fire retardant plastics, Li-ion battery electrodes, metal matrix composites, and others (including rubber tire reinforcement, etc.). It includes the analysis of CNTs across end user industries such as electricals & electronics, aerospace & defense, energy, sporting goods, automotive, industrial, and others including healthcare & life science and personal care. Moreover, the report analyzes the current market trends of the carbon nanotubes market across different regions, and forecasts the opportunities in the market by analyzing government regulations, policies, and consumer preferences across various geographic regions.
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The key players in the world carbon nanotubes market have adopted various business strategies, such as application development, product launch, agreement, acquisition, collaboration, expansion, partnership, and product approval to sustain the intense market competition. The stakeholders of the carbon nanotubes market include product manufacturers and solution providers who distribute their products to several end-user industries across the globe. The data pertaining to market players and their strategic moves have been obtained through press releases of companies, blogs, and primary calls to the experts in the industry.
Asia-Pacific is the most lucrative region for investment in the world carbon nanotubes market due to the increasing adoption of CNTs in automotive, energy, electricals & electronics, and other industries.
CNTs or their derivatives exhibit excellent electrical properties for use in materials such as polymers and reinforcement. These offer lucrative potential for use in electricals and electronics applications such as photovoltaics, sensors, semiconductor devices, displays, conductors, and others. Electronics & semiconductor is one of the largest application markets for carbon nanotubes, followed by advanced materials, chemicals & polymers, and batteries & capacitors applications. Currently, the demand for printable CNT inks has increased in the market. Moreover, CNTs are used in manufacturing transistors and touchscreens. In addition, CNTs are hundred times stronger and six times lighter than steel, which makes them ideal for use in electronics and automobile applications. Presently, Asia-Pacific is the largest market in terms of demand and supply of electricals & electronics products, owing to its huge consumer base and availability of cheap labor; thereby, driving the demand for CNTs in the region as well as globally.
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Single-walled carbon nanotubes (SWCNTs) have remarkable electrical conductivity due to the band gap of up to 2eV. They exhibit either metallic or semiconducting properties. Although the diameter of the tube is limited, the length of the tube can be altered as per requirement of application. The commercialization of SWCNTs has been hampered due to their high cost. In the coming years the demand for SWCNTs is expected to increase significantly owing to reducing prices and wide array of applications.
Multi-walled carbon nanotubes (MWCNTs) are the most widely accepted type in the industry. MWCNTs is a superior substitute for electrically conductive carbon blacks. It is ideal in providing inherently long conductive pathways at ultralow loads. This results in better performance and higher retention of mechanical properties for applications in automotive and electronic industries.
CNTs have displayed great potential as anode materials for Li-ion batteries. Li-ion batteries are representative energy storage devices based on electrochemical energy storage and conversion. They are applicable in various areas ranging from portable electronics to electric vehicles due to their better energy density than other battery technology.
The demand for CNTs is on a significant rise in the aerospace & defense industry, owing to its superior properties and capability to facilitate designing of lightweight parts. Currently, CNTs are used in composite materials employed in external surface of aircrafts to reduce the risk of damage and penetration during lightning strikes. They are also used in wings, fuselage, rudder, and other components. In the defense industry, CNTs are used in carbon foams. Carbon foams are stiff and possess low density; hence, they can resist very high temperature and heat fluxes without burning, making it very valuable for high-velocity missiles.
Currently, most of the CNTs produced in the Europe are supplied to the Asia-Pacific region, especially to Korea. Growing penetration of CNTs in emerging applications, such as rubber tire reinforcement, conductive adhesives, and others, are expected to provide immense growth opportunities to the industry players across the value chain in the Europe region.
PACTE (Production Association of Carbon Nanotubes) is a division of the European Chemical Industry Council that deals with the code of conduct for the production and use of carbon nanotubes. It includes technical work equipment, such as local exhaust ventilation system and vacuum pickup to minimize the release of carbon nanotubes, organizational protection measures including information and training for employees regarding the risks and documentation of work processes, personal protection measures (respirators and protective clothing), monitoring of workplace exposure (pre- and post-production measurements of airborne nanotubes), and worker health surveillance (routine screenings for workers). It focuses on the implementation of “good practices” to ensure safety.
The major companies profiled in this report include Arkema Group, CNano Technology Limited, Hyperion Catalysis International, Inc., Klean Industries Inc., Mitsubishi Rayon Co., Ltd., OCSiAL, Nanocyl S.A., Unidym Inc., FutureCarbon GmbH, and Toray Industries Inc.
CARBON NANOTUBES MARKET KEY BENEFITS:
- Comprehensive analysis of factors that drive and restrict the growth of the global carbon nanotubes market is provided in the report.
- The segmentation of the carbon nanotubes market based on region is provided to understand the ongoing trends across various geographies.
- Exhaustive analysis of the world carbon nanotubes market by end user helps in understanding the penetration level of carbon nanotubes in various applications across different regions and countries.
- Competitive intelligence of leading manufacturers and distributors of CNT helps in understanding the competitive scenario across various geographies.
- In-depth analyses of current research and developments in the carbon nanotubes market is provided along with key market dynamic factors to understand the market dynamics.
- The report provides quantitative analysis of the current market and estimations for the period of 2014-2022 to identify the prevailing market opportunities.
- Extensive analysis of the market is conducted by following key product positioning and monitoring the top contenders in the market.
- Key players in the carbon nanotubes market have been profiled in the report and their strategies have been analyzed thoroughly to understand the competitive outlook of the market.
CARBON NANOTUBES MARKET KEY SEGMENT:
The world carbon nanotubes market is segmented as below:
Single-Walled Carbon Nanotubes (SWCNT)
Multi-Walled Carbon Nanotubes (MWCNT)
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Structural Polymer Composites
Conductive Polymer Composites
Fire Retardant Plastics
Metal Matrix Composites
Li-ion Battery Electrodes
Electricals & Electronics
Aerospace & Defence
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