Carbon Nanotubes Market To Reach USD 19.4 Billion In 2027 | CAGR 17.5% - Forencis Research

Carbon Nanotubes Market Size, Share, Trends, Growth, Analysis, Research

Global Carbon Nanotubes Market: Key Highlights

  • According to the new market research report "Carbon Nanotubes Market by Type (Single-Walled Carbon Nanotubes, Multi-Walled Carbon Nanotubes) by Synthesis Method (Chemical Vapour Deposition, Arc Discharge Method, Laser Ablation Method, Nanotube Purification, and Others), by Application (Electric & Electronics, Chemicals & Polymers, Energy, Medical, Aerospace & Defense, and Others) by Region (Asia Pacific, North America, Europe, Middle East & Africa, and South America) – Global Forecast From 2020 To 2027”, the global carbon nanotubes market is estimated to reach USD 19.4 Billion in 2027 at a CAGR of 17.5% during forecast period 2020-2027.
  • Increasing demand form end-use industry attractive chemical and physical properties are expected to boost the global carbon nanotubes market
  • However, the high manufacturing cost is expected to hinder the market growth up to a certain extent

Carbon Nanotubes Market

Global Carbon Nanotubes Market: Key Market Dynamics

  • Carbon Nanotubes found innumerable applications in different end-use industries such as medical, electric & electronics, chemical & plastics, Energy and so on. Thus growth in various industries as resulted in increasing demand for carbon nanotubes is expected to boost market growth during the forecast period. 
  • Moreover, carbon nanotubes have a superior elastic property and the thermal property thus it founds the number of applications in industries is likely to boost the market during the forecast period
  • Furthermore, the increasing focus on innovative and cost-effective nanotubes is anticipated to create an  opportunity for the market growth uphill
  • However, high manufacturing cost and toxic effects associated with the production of carbon nanotubes is expected to hinder the market growth up to a certain extent

Global Carbon Nanotubes Market: Regional Overview

  • Asia-Pacific

The Asia-Pacific is expected to largest consumer and producer of carbon nanotubes. The Asia-Pacific is expected to grow at a substantial growth rate during the forecast period. The highest growth of this market can be attributed to the easy availability of raw material as well as the low cost of production. China is the one of the world’s largest electronics production base and increasing demand from the electric & electronics sector is helps to boost the Asia pacific carbon nanotubes market.

  • Europe

European countries are engaged in research and innovation on nanotechnology. Various innovations in carbon nanotube which is further used in automobile application are expected to boost the carbon nanotube market in this region. In France, carbon nanotube technology is widely used in the aerospace & defense and energy sector which is further expected to drive the European carbon nanotube market.

Global Carbon Nanotubes Market: Key Players Overview

  • Arkema

Arkema is publically held company which offers materials and innovative solutions. The company continuously focusing on the innovation of the lightweight material and biosourced materials, new energies, water management, solutions for electronics, and the performance and home insulation. Arkema operates in three business segments namely high performance materials, industrial specialties, and coating solutions.

  • TORAY INDUSTRIES, INC.

TORAY INDUSTRIES, INC. is a publically held company based in Japan. The company associated with the manufacturing, processing, and sales of the fibers and textiles, performance chemicals, carbon fiber composite materials, environment and engineering, life science, among others.

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Rep Id : CM 045

Published : 2020-02-04

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