Carbon Nanotubes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Carbon Nanotubes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global carbon nanotubes market size reached US$ 4.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.7 Billion by 2028, exhibiting a growth rate (CAGR) of 16.81% during 2023-2028.

Carbon nanotubes (CNTs) are cylindrical molecules of carbon with sizes to the scale of nanometers. They consist of a hexagonal arrangement of hybridized carbon atoms produced by rolling a sheet of graphene. They are commonly available in single-walled and multi-walled variants. Carbon nanotubes are widely used in the manufacturing of sporting goods, device modeling and energy storage systems, thin-film electronics, actuators, water filters and thermal conductivity and electromagnetic shields. CNTs are small, lightweight and highly flexible and can penetrate cell membranes. They exhibit high thermal conductivity, tensile strength, durability, electrical conductivity and temperature resistance. As a result, they find extensive applications across various industries, such as healthcare, energy, electronics, automotive, textiles, aerospace and defense.

Carbon Nanotubes Market Trends:

Significant growth in the aerospace industry across the globe is one of the key factors creating a positive outlook for the market. CNTs are widely used in aircraft wings and fuselages for preventing aircraft icing, reducing satellite weight and protecting lighting systems. Additionally, the widespread adoption of multi-walled variants for cathode-ray lighting elements and wafer processing is favoring the market growth. Various product innovations, such as the development of high-purity CNTs that are environmentally friendly and are produced by chemical vapor deposition of camphor, are providing a thrust to the market growth. In line with this, the increasing product demand for the production of drug delivery and biosensing systems that are utilized for the treatment of diseases and monitoring health is positively impacting the market growth. Other factors, including the widespread product utilization in the electronics industry to manufacture semiconductor devices, along with the increasing demand for CNTs to manufacture premium-quality fashion apparel and bulletproof jackets, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global carbon nanotubes market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, method and application.

Breakup by Product:

Multi Walled Carbon Nanotubes (MWCNT)

Single Walled Carbon Nanotubes (SWCNT)

Breakup by Method:

Chemical Vapor Deposition (CVD)

Catalytic Chemical Vapor Deposition (CCVD)

High-Pressure Carbon Monoxide Reaction

Others

Breakup by Application:

Polymers

Electrical and Electronics

Energy

Others

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Arkema S.A, Cabot Corporation, Carbon Solutions Inc., Cheap Tubes Inc., Jiangsu Cnano Technology Co. Ltd., Kumho Petrochemical Co. Ltd., LG Chem Ltd. (LG Corporation), Nanocyl SA, OCSiAl, Ossila Ltd., Raymor Industries Inc. and Showa Denko K.K.

Key Questions Answered in This Report

1. What was the size of the global carbon nanotubes market in 2022?

2. What is the expected growth rate of the global carbon nanotubes market during 2023-2028?

3. What are the key factors driving the global carbon nanotubes market?

4. What has been the impact of COVID-19 on the global carbon nanotubes market?

5. What is the breakup of the global carbon nanotubes market based on the product?

6. What is the breakup of the global carbon nanotubes market based on the method?

7. What is the breakup of the global carbon nanotubes market based on the application?

8. What are the key regions in the global carbon nanotubes market?

9. Who are the key players/companies in the global carbon nanotubes market?