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.
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