Carbon Nanotubes (CNTs) Market Scope
Carbon Nanotubes are large cylindrical molecules of a hexagonal arrangement of hybridized carbon atoms, which are made of graphene sheets. According to those sheets, Carbon Nanotubes are classified into two types such as single-walled carbon nanotubes, and multiple-walled carbon nanotubes. Carbon Nanotubes are synthesized by three main methods namely arc discharge, laser ablation, and chemical vapor deposition. They are a type of allotrope of carbon, along with graphite and diamond. TheseCarbon Nanotubes have exceptional mechanical, electrical, and thermal properties, that make them more attractive and useful for various fields such as electronics, medicine, energy, and materials science. They are available in three different designs such as armchair carbon nanotubes, zigzag carbon nanotubes, and chiral carbon nanotubes. Owing to the Increase in Demand for CNTs Due to their Extraordinary Electric and Head Conductivity and Mechanical Properties, the Carbon Nanotubes market is expected to grow at a significant rate during the forecast period.
|Unit||Value (USD Million)|
|Key Companies Profiled||Arkema Group (United States), Cabot Corp. (United States), CHASM Advanced Materials Inc. (United States), Continental Carbon Co. (United States), Hanwha Corp. (South Korea), Hyperion Catalysis International Inc. (United States), JiangSu Cnano Technology Ltd. (China), Klean Industries Inc. (Canada), Nano C Inc. (United States), Nanocyl SA (Europe), Nanoshel LLC (United States), Nanostructured Materials Inc. (United States), NoPo Nanotechnologies India Pvt. Ltd. (India) and OCSiAl (Europe)|
Carbon Nanotubes (CNTs) market is a fragmented market due to the presence of various players. The players are focusing on increasing their manufacturing capacity and are offering competitive prices to gain high market share and establish their position in the market. Further, companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Arkema Group (United States), Cabot Corp. (United States), CHASM Advanced Materials Inc. (United States), Continental Carbon Co. (United States), Hanwha Corp. (South Korea), Hyperion Catalysis International Inc. (United States), JiangSu Cnano Technology Ltd. (China), Klean Industries Inc. (Canada), Nano C Inc. (United States), Nanocyl SA (Europe), Nanoshel LLC (United States), Nanostructured Materials Inc. (United States), NoPo Nanotechnologies India Pvt. Ltd. (India) and OCSiAl (Europe) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Carbon Nanotubes (CNTs) market by Type , by Application (Plastic & Composites, Energy, Electronics and Others) and Region with country level break-up.
On the basis of geography, the market of Carbon Nanotubes (CNTs) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2022.
Market Leaders and their expansionary development strategiesIn April 2020, Cabot Corp acquired Shenzhen Sanshun nano new material co, Ltd. SUSN in leading manufacture of carbon-nanotube in china. This acquisition strengthens Cabot’s position in china and carbon nanotube market
In September 2020, Arkema partnered with the Korea association of carbon –Nano industry. Strategic plan behind this partnership is to help Arkema to supply goods and parts to large companies in automobile, aviation and materials industries to build cooperative ecosystem for carbon-nano industry. This partnership expanded its presence in carbon nanotubes market.
Influencing Trend:Increase in Demand of Carbon Nanotube Based Biosensors for Detection of Viruses
Market Growth Drivers:Increasing Demand for CNTs Due to their Extraordinary Electric and Head Conductivity and Mechanical Properties, Rising Demand for CNTs in Semiconductor Industry and Increasing Demand for Lightweight and High-Strength Materials
Challenges:Increasing Incidence of a Uniform Dispersion in Bulk Manufacturing and Presence of a High Number of Impurities in CNTs
Restraints:High Cost of Manufacturing
Opportunities:Increasing Technical Advancement in Carbon Nanotubes for Its Application in Space and Defence and Growing Demand for Renewable Energy Sources and Energy Storage Solutions
Key Target AudienceCarbon Nanotubes Manufacturers, Raw Material Suppliers, Distributors, Government Bodies, Regulatory Bodies, Potential Investors, Research and Development Institutes, End Users and Others