The global Carbon Nanotubes Market size was valued at USD 2.63 billion in 2021 and is predicted to reach USD 7.11 billion by 2030 with a CAGR of 11.7% from 2022-2030. Carbon nanotubes (CNT) are carbon allotropes that are useful for nanotechnology, optics, and electronics. CNTs are utilised as antennas for the radio and other electromagnetic devices such as relays and MRI machines. Use of nanotubes enhances electrical and thermal conductivity that makes it suitable for the manufacturing of automotive parts along with its utilization as a composite in electromagnetic shielding materials. Therefore, it is considered as a replacement of traditional carbon black due to better durability and higher thermal potential that allows heat dissipation in semiconductor devices.
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Market Segmentations and Scope of the Study:
The carbon nanotubes market share is analysed based on product, end-user, technology, and geography. Based on product, the market is segmented into single walled carbon nanotubes (SWCNT) and multi walled carbon nanotubes (MWCNT). Based on end- user, it is classified into electronics & semiconductors, energy & storage, chemical material & polymers, medical, structural composites applications and other end-user industries. The electronics & semiconductors market is sub-segmented into integrated circuits (ICs), flexible display, superconductors, transistors, industrial sensors and others. The energy & storage market is sub categorised into lithium-ion batteries, fuel cells, solar PV cells, hydrogen storage, electrochemical supercapacitors, propellants and others. The chemical material and polymer is sub-divided into coatings, adhesive & sealants, water filtration, catalysts and others. The medical market is further sub-categorised into transdermal drug delivery, cancer treatment, proteomics and others. The structural composites application is sub-fragmented into defence, sporting goods, wind turbine blades, light vehicles/automotive, construction & infrastructure, aerospace & others. Based on technology, the market is segmented into arc discharge, laser ablation, chemical vapor deposition (CVD), catalytic CVD, high pressure carbon monoxide, coMoCAT, floating catalyst, and others. The geographical segment of the advanced ceramics market covers North America, Europe, Asia Pacific, and Rest of the World.
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Competitive Landscape
The carbon nanotube market is comprised of various market players such as Arkema S.A., Cabot Corporation, Chasm Advanced Materials Inc, Cheap Tubes, Hyperion Catalysis International, Jiangsu Tianna Technology Co.Ltd, Klean Industries Inc, Kumho Petrochemicals, LG chem, and Nano-c. These market players are adopting various joint venture strategies and planning expansion of business across various regions to maintain their dominance in the carbon nanotube market. For instance, in August 2020, Chasm Advanced Materials Inc joined hands with Henkel Adhesive Technologies (Henkel AG & Co. KGaA). Henkel had announced that it would take one of CHASM’s signis line of patented CNT inks under its LOCTITE brand. LOCTITE ECI 5006 E&C is a carbon nanotube ink designed for printing of screen and transparent conductors on a wide range of plastic films produced using CHASM’s V2V technology. Also, in May 2020, LG Chem had expanded carbon nanotube production in the new plant in Seoul. This new plant adds an annual production capacity of 1,200 tons, the largest in the world for a single production line.
KEY MARKET SEGMENTS
- Carbon Nanotube Market- By Product
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- Multi Walled Nanotubes (MWCNT)
- Single Walled Nanotubes (SWCNT)
- Carbon Nanotube Market – By End user
- Electronics & Semiconductors
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- Integrated Circuits (ICS)
- Flexible Display
- Superconductors
- Transistors
- Industrial Sensors
- Others
- Energy & Storage
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- Lithium-ion Batteries
- Fuel Cells
- Solar PV Cells
- Hydrogen Storage
- Electrochemical Supercapacitors
- Propellants
- Others
- Chemical Material & Polymers
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- Coatings, Adhesive & Sealants
- Water Filtration
- Catalysts
- Others
- Medical
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- Transdermal Drug Delivery
- Cancer Treatment
- Proteomics
- Others
- Structural Composites Applications
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- Defense
- Sporting Goods
- Wind Turbine Blades
- Light Vehicles/Automotive
- Construction & Infrastructure
- Aerospace & Others
- Other End-user Industries
- Carbon Nanotube Market – By Technology
- Arc Discharge
- Laser Ablation
- Chemical Vapor Deposition (CVD)
- Catalytic CVD
- High Pressure
- Carbon Monoxide
- CoMoCAT
- Floating catalyst
- Others
- Carbon Nanotube Market – By Geography
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- North America
- U.S
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- RoW
- UAE
- Saudi Arabia
- South Africa
- Brazil
- North America
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- Remaining Countries
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