Single Walled Carbon Nanotube Market Forecasts to 2028 – Global Analysis By Type (Zigzag Form Carbon Nanotube, Armchair Form Carbon Nanotube and Chiral Form Carbon Nanotube), By Technology (Electric Arc, Chemical Vapor Deposition (CVD), High Pressure Carb

Single Walled Carbon Nanotube Market Forecasts to 2028 – Global Analysis By Type (Zigzag Form Carbon Nanotube, Armchair Form Carbon Nanotube and Chiral Form Carbon Nanotube), By Technology (Electric Arc, Chemical Vapor Deposition (CVD), High Pressure Carbon Monoxide (HiPCo), Laser Ablation, Flame Synthesis and Arc Discharge), By Application (Energy, Electronics & Semiconductor, Aerospace & Defense, Biomedical, Chemical and Automotive), By End User (Structural Polymer Composites, Metal Matrix Composites, Li-ion Battery Electrodes, Conductive Polymer Composites, Fire Retardant Plastics and Conductive Adhesives) and Geography

According to Stratistics MRC, the Global Single Walled Carbon Nanotube Market is accounted for $538.43 million in 2022 and is expected to reach $6,231.86 million by 2028 growing at a CAGR of 50.4% during the forecast period. The single-walled carbon nanotube (SWCNT) is a long, hollow structure whose wall is made of carbon sheets that are only one atom thick. The properties of the nanotube are determined by the combination of the rolling angle and tube radius, which are obtained when the sheets are rolled at specified and distinct angles.

According to the International Council of Chemical Associations, the chemicals industry is one of the largest in the world, contributing US$ 5.7 trillion to global GDP and supporting nearly 120 million employments.

Market Dynamics:

Driver:

Increase in Demand for EMI Shielding to Protect Electronic Device Components

Due to a wide range of industrial, commercial, and military activities, electromagnetic interference (EMI) shielding is essential for safeguarding people's health and ensuring safe equipment performance. During the forecast period, there is likely to be a rise in demand for EMI shielding materials for applications including personal computer and mobile communication housings, medical equipment housings, GPS devices, aerospace components, automotive components, analytical instruments, defense and military components.

Restraint:

Availability of substitutes

The constraints restricting SWCNT's ability to expand the market include production scale-up difficulties, high prices, and an increase in demand for inorganic and boron nitride nanotubes. The high cost of obtaining ideal conditions for carbon nanotube development and its eventual industrial scale-up restrictions raise the cost of producing carbon nanotubes. Therefore, SWCNTs' limited industrial use has been hampered by their expensive cost, which is predicted to have a negative impact on the expansion of the worldwide carbon nanotube market.

Opportunity:

Rise in Demand for Single-walled Carbon Nanotubes in Storage Applications

Single-walled carbon nanotube demand has increased due to the development of battery storage systems such as lead-acid, lithium, sodium, and flow batteries. The use of single-walled carbon nanotubes in lithium-ion batteries is rising. The growth of dendrites is a significant problem with these batteries. However, the likelihood of dendrite formation is decreased by using single-walled carbon nanotubes as the anode material in lithium-ion batteries.

Threat:

Environmental Concern May Hinder the Market Growth

Government regulations have become more stringent as a result of growing environmental concerns, particularly for the companies that are making carbon nanotubes. The agglomerates could pose threats to people and the environment because the product is fibrous by nature, and inhaling it can have major negative effects on a person's health. Human health is likely to be impacted by carbon nanotube poisoning, including an increased risk of high blood pressure and kidney damage. Humans are becoming more exposed to nanomaterials and nanoparticles. Several products that contain nanoparticles are used by humans, including cosmetics, paints and varnishes, aircraft and automobile components, fuel catalysts, and advanced textiles.

Covid-19 Impact

The COVID-19 pandemic had a wide range of impacts on the world economy, including direct effects on supply and demand, supply chain disruption, and financial impact. The single-walled carbon nanotube supply chain has been disrupted by COVID-19, and production facilities have been shut down to reduce the risk of virus spread. An increase in unemployment rates, reduced demand for imported products and services, and disruptions in the global supply chain are only a few of the negative effects of COVID-19.

The electronics & semiconductor segment is expected to be the largest during the forecast period

During the forecast period, the electronics and semiconductor category is anticipated to command the largest share due to the unique features of carbon nanotubes, which provide outstanding electrical properties for producing electronic devices like diodes and field effect transistors, which are essential for the segment's expansion. Furthermore, demand for single-walled carbon nanotubes in electronics and semiconductor applications will increase.

The Chemical Vapor Deposition (CVD) segment is expected to have the highest CAGR during the forecast period

During the projected period, the CVD segment is anticipated to increase at the highest rate. This market's expansion is related to the fact that producing carbon nanotubes using the CVD of hydrocarbons over metal catalysts is a well-known technology used by various producers. It is a cost-effective technique and it's indicated that in the future, prices will reduce even more across the spectrum. Furthermore, a commercially successful technology for producing single-walled carbon nanotubes is chemical vapour deposition (CVD).

Region with largest share:

It is projected that an increase in energy consumption in nations like China and India will accelerate the rise of energy storage in the Asia-Pacific region. In addition, it is expected that this will increase demand for single-walled carbon nanotubes in the region. Furthermore, with the adoption of ambitious renewable energy policies, such as the Government of India's aim of 450 GW of renewable energy.

Region with highest CAGR:

Due to increased single-walled carbon nanotube production and the region's electronics and semiconductor industries' rapid growth, the Asia-Pacific region in this market is predicted to grow at a significant pace. Additionally, owing to government funding in the 12th five-year plan for the development of CNTs, China held a 47% share of the market in this region in 2017. Furthermore, the market in these nations is being driven by a surge in demand for CNTs (carbon nanotubes) in products like batteries and capacitors.

Key players in the market

Some of the key players in Single Walled Carbon Nanotube market include Meijo Nanocarbon Co. Ltd, Arry International Group Limited, Carbon Solutions, Inc, Thomas Swan & Co., Ltd, Raymor Industries Inc., Chasm Advanced Materials, Inc, Zeon Nanotechnology Co., Ltd, Nano-C, Nemo Nanomaterials, Cheap Tubes Inc, SES Research, Nanoshel LLC, KH Chemicals and Continental Carbon Nanotechnologies, Inc.

Key Developments:

In October 2022, Nemo Nanomaterials, an Israel-based start-up, signed an agreement with Kafrit to introduce nanomaterials in multiple markets. Nemo Nanomaterials develops and manufactures industrial additives based on its own patented single-walled carbon nanotubes (SWCNT) and other advanced carbon nanomaterials.

In October 2022, Researchers from the Lawrence Livermore National Laboratory (LLNL) announced that they were working on the manufacture of vertically aligned single-walled carbon nanotubes (SWCNT) that are expected to transform various commercial products such as automotive parts, rechargeable batteries, sporting goods, water filters, and boat hulls.

Types Covered:
• Zigzag Form Carbon Nanotube
• Armchair Form Carbon Nanotube
• Chiral Form Carbon Nanotube

Technologies Covered:
• Electric Arc
• Chemical Vapor Deposition (CVD)
• High Pressure Carbon Monoxide (HiPCo)
• Laser Ablation
• Flame Synthesis
• Arc Discharge

Applications Covered:
• Energy
• Electronics & Semiconductor
• Aerospace & Defense
• Biomedical
• Chemical
• Automotive

End Users Covered:
• Structural Polymer Composites
• Metal Matrix Composites
• Li-ion Battery Electrodes
• Conductive Polymer Composites
• Fire Retardant Plastics
• Conductive Adhesives

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements