Global Carbon Nanotubes Market Report and Forecast 2024-2032

Global Carbon Nanotubes Market Outlook

The global carbon nanotubes market attained USD 9.41 billion in 2023 and is expected to grow at a CAGR of 16.5% in the forecast period of 2020-2025 to reach USD 37.30 billion by 2032.

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Extensive Application of Carbon Nanotubes to Aid the Market Growth of Carbon Nanotubes

The market growth of carbon nanotubes is being driven by the rising demand for the product in various applications like integrated circuits, field emission displays, lithium batteries, hydrogen storage, fuel cells, solar PV cells, and drug delivery. Further, the growing commercialization and ramping up of installed capacities is boosting the market growth of carbon nanotubes. The technological advancements to bring into effect enhanced quality, develop advanced products, and decrease the prices is expected to aid the market growth over the forecast period. Moreover, the ongoing R&D to capture new applications, such as glass ceramic, structural steel, hair colour, and agriculture is predicted to aid the market growth in the coming years.

Region-wise, the Asia Pacific market is estimated to grow exponentially over the forecast period as a result of rising demand from many countries, such as China, India, Vietnam, Taiwan, South Korea, and Singapore. The robust demand from the region is contributing to the global growth of the carbon nanotubes. China is expected to dominate the carbon nanotubes demand owing to rising industrial production in the country.

Carbon nanotubes: Market Segmentation

Carbon nanotubes are basically tubes made of carbon and its diameter are usually measured in nanometers. They are also referred to as single-wall carbon nanotubes.

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On the basis of type, the market is divided into:

• Single Walled
• Multi Walled

Based on method, the industry can be segmented into:

• Chemical Vapor Deposition
• Catalytic Chemical Vapor Deposition
• High Pressure Carbon Monoxide Reaction
• Others

By application, the industry is categorised into:

• Batteries and Capacitors
• Chemical and Polymers
• Electrical and Electronics
• Automotive
• Energy
• Aerospace and Defense
• Medical
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Rising Demand for Multi-Walled Carbon Nanotube Segment to Aid the Market Growth of Carbon Nanotubes

The market growth of carbon nanotubes is being driven by the rising demand for multi-walled carbon nanotube segment. The multi-walled variant of carbon nanotubes is used in various applications like conductive transparent electrodes, electrical conductivity, supercapacitors, conductive nano inks, conductive heating films, chemical sensors, super batteries, nanodevices, displays, energy storages, thermal interface material, and solar industries. Further, the steady rise in the feasibility of many potential applications of carbon nanotubes is expected to boost the market growth over the forecast period.

Key Industry Players in the Global Carbon nanotubes Market

The report gives a detailed analysis of the following key players in the global carbon nanotubes market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Arkema Group
• Toray Industries, Inc.
• Carbon Solutions, Inc.
• Cheap Tubes Inc.
• Nanocyl SA
• Jiangsu Cnano Technology Co., Ltd
• CHASM Advanced Materials Inc.
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

Carbon Nanotubes Market Report Snapshots

Carbon Nanotubes Market Size

Carbon Nanotubes Market Growth

Carbon Nanotubes Companies