South America Carbon Nanotubes Market Forecast to 2028- Regional Analysis- by Type (Multi-Walled Carbon Nanotubes and Single-Walled Carbon Nanotubes), and Application (Electronics and Semiconductors, Energy Storage, Structural Composites, Aerospace and Defense, Medical, and Others)
The South America carbon nanotubes market is expected to grow from US$ 298.40 million in 2022 to US$ 569.27 million by 2028. It is estimated to grow at a CAGR of 11.4% from 2022 to 2028.
Rising Demand for Carbon Nanotube Based Composites is Fueling South America Carbon Nanotubes Market
The growing demand for lightweight substitutes of metal with superior thermal, electrochemical, and mechanical characteristics has resulted in rising research related to composites and composite materials. Technological advancements and next-generation microscale applications in the electrical & electronics sector need efficient and high-functionality materials such as CNTs. Further, CNT-based composites technology is widely utilized in aerospace, defense, automotive and infrastructure industries.
CNT-reinforced polymer composites are used in automotive applications such as exhaust systems, catalytic converters, suspension systems, engines, automotive structural components, and power train materials. Moreover, multi-walled CNTs are gaining popularity as a robust and lightweight alternative to copper. The growing demand for lightweight automobiles with high fuel efficiency and minimal carbon emissions has encouraged automotive manufacturers to invest in research of novel CNT-based composites and increasingly utilize carbon nanotubes. Thus, the rising demand for CNT-based composites from various industries is driving the carbon nanotubes market.
South America Carbon Nanotubes Market Overview
The carbon nanotubes market in South & Central America is segmented into Brazil, Argentina, and the Rest of South & Central America. The regional market is still at an initial stage but is expected to grow significantly in the coming years. Brazil currently dominates the market, with several companies such as Nanocyl Brazil and Unidym Brazil producing and supplying carbon nanotubes. The carbon nanotubes market growth in the region is expected to be driven by multiple factors, including increasing investments in research and development, growing demand for lightweight and strong materials in various industries, and ongoing technological advancements. The medical industry is anticipated to propel the demand for carbon nanotubes in the coming years as carbon nanotubes are being studied for various medical applications. Furthermore, initiatives such as the Latin American Nanotechnology & Society Network and the National Nanotechnology Initiative in Brazil are working toward promoting the development and commercialization of nanotechnology in the region. However, one of the major challenges for market growth in South & Central America is the lack of adequate infrastructure and funding for research and development. In Brazil, researchers at the Federal University of Minas Gerais have developed a highly efficient supercapacitor using carbon nanotubes, which can be used in energy storage systems for electric vehicles and renewable energy sources. The country is also home to several startups such as Carbon Upcycling Technologies and Nanotek Materials that are developing innovative carbon nanotube-based materials for various applications
Exhibit: South America Carbon Nanotubes Market Revenue and Forecast to 2028 (US$ Million)
South America Carbon Nanotubes Market Segmentation
The South America carbon nanotubes market is segmented into type, application, and country.
Based on type, the South America carbon nanotubes market is bifurcated into multi-walled carbon nanotubes, and single-walled carbon nanotubes. The multi-walled carbon nanotubes segment registered the largest market share in 2022.
Based on application, the South America carbon nanotubes market is segmented into electronics and semiconductors, energy storage, structural composites, aerospace and defense, medical, and others. The structural composites segment held a larger market share in 2022.
Based on country, the market is segmented into Brazil, Argentina, and the Rest of South America. Brazil dominated the market share in 2022.
Nanoshel LLC; Kumho Petrochemical Co Ltd; Klean Industries Inc ; LG Chem Ltd ; Arkema SA ; and Cobot Corp are the leading companies operating in the carbon nanotubes market in the region.
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- 1. Introduction
- 1.1 Study Scope
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 1.3.1 South America Carbon Nanotubes Market, by Type
- 1.3.2 South America Carbon Nanotubes Market, by Application
- 1.3.3 South America Carbon Nanotubes Market, by Country
- 2. Key Takeaways
- 3. Research Methodology
- 3.1 Scope of the Study
- 3.1.1 South America Carbon Nanotubes Market, by Type, and Application
- 3.2 Research Methodology
- 3.2.1 Data Collection:
- 3.2.2 Primary Interviews:
- 3.2.3 Hypothesis formulation:
- 3.2.4 Macro-economic factor analysis:
- 3.2.5 Developing base number:
- 3.2.6 Data Triangulation:
- 3.2.7 Country level data:
- 4. South America Carbon Nanotubes Market Landscape
- 4.1 Market Overview
- 4.2 Porter’s Five Forces Analysis
- 4.2.1 Threat of New Entrants:
- 4.2.2 Bargaining Power of Suppliers:
- 4.2.3 Bargaining Power of Buyers:
- 4.2.4 Competitive Rivalry:
- 4.2.5 Threat of Substitutes:
- 4.3 Ecosystem Analysis
- 4.3.1 Overview:
- 4.3.2 Raw Material Suppliers:
- 4.3.3 Manufacturers
- 4.3.4 Distributors
- 4.3.5 End-Use Industries
- 4.4 Expert Opinions
- 5. South America Carbon Nanotubes Market – Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Increasing Demand for Carbon Nanotubes (CNTs) for Energy Storage Applications
- 5.1.2 Rising Demand for Carbon Nanotube Based Composites
- 5.2 Market Restraints
- 5.2.1 Environmental Concerns Related to Carbon Nanotubes
- 5.3 Market Opportunities
- 5.3.1 Adoption of Carbon Nanotubes for Cancer Treatment
- 5.4 Future Trends
- 5.4.1 Utilization of Carbon Nanotubes in 3D Printing
- 5.5 Impact Analysis
- 6. Carbon Nanotubes – South America Market Analysis
- 6.1 South America Carbon Nanotubes Market –Revenue and Forecast to 2028 (US$ Mn)
- 6.2 South America Carbon Nanotubes Market –Volume and Forecast to 2028 (Tons)
- 7. South America Carbon Nanotubes Market Analysis – By Type
- 7.1 Overview
- 7.2 South America Carbon Nanotubes Market, By Type (2021 and 2028)
- 7.3 Multi-Walled Carbon Nanotubes
- 7.3.1 Overview
- 7.3.2 Multi-Walled Carbon Nanotubes: South America Carbon Nanotubes Market – Revenue and Forecast to 2028 (US$ Mn)
- 7.3.3 Multi-Walled Carbon Nanotubes: South America Carbon Nanotubes Market –Volume and Forecast to 2028 (Tons)
- 7.4 Single-Walled Carbon Nanotubes
- 7.4.1 Overview
- 7.4.2 Single-Walled Carbon Nanotubes: South America Carbon Nanotubes Market – Revenue and Forecast to 2028 (US$ Mn)
- 7.4.3 Single-Walled Carbon Nanotubes: South America Carbon Nanotubes Market –Volume and Forecast to 2028 (Tons)
- 8. South America Carbon Nanotubes Market Analysis – By Application
- 8.1 Overview
- 8.2 South America Carbon Nanotubes Market, By Application (2021 and 2028)
- 8.3 Electronics and Semiconductors
- 8.3.1 Overview
- 8.3.2 Electronics and Semiconductors: South America Carbon Nanotubes Market – Revenue and Forecast to 2028 (US$ Mn)
- 8.4 Energy Storage
- 8.4.1 Overview
- 8.4.2 Energy Storage: South America Carbon Nanotubes Market – Revenue and Forecast to 2028 (US$ Mn)
- 8.5 Structural Composites
- 8.5.1 Overview
- 8.5.2 Structural Composites: South America Carbon Nanotubes Market – Revenue and Forecast to 2028 (US$ Mn)
- 8.6 Aerospace and Defence
- 8.6.1 Overview
- 8.6.2 Aerospace and Defence: South America Carbon Nanotubes Market – Revenue and Forecast to 2028 (US$ Mn)
- 8.7 Medical
- 8.7.1 Overview
- 8.7.2 Medical: South America Carbon Nanotubes Market – Revenue and Forecast to 2028 (US$ Mn)
- 8.8 Others
- 8.8.1 Overview
- 8.8.2 Others: South America Carbon Nanotubes Market – Revenue and Forecast to 2028 (US$ Mn)
- 9. South America Carbon Nanotubes Market – Country Analysis
- 9.1 Overview
- 9.1.1 South America: Carbon Nanotubes Market, by Key Country
- 9.1.1.1 Brazil: Carbon Nanotubes Market –Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.1.1 Brazil: South America Carbon Nanotubes Market, by Type
- 9.1.1.1.2 Brazil: Carbon Nanotubes Market, by Application
- 9.1.1.2 Argentina: Carbon Nanotubes Market –Analysis and Forecast to 2028 (US$ Million)
- 9.1.1.2.1 Argentina: Carbon Nanotubes Market, by Type
- 9.1.1.2.2 Argentina: Carbon Nanotubes Market, by Application
- 9.1.1.3 Rest of South America: Carbon Nanotubes Market –Analysis and Forecast to 2028 (US$ Million)
- 9.1.1.3.1 Rest of South America: Carbon Nanotubes Market, by Type
- 9.1.1.3.2 Rest of South America: Carbon Nanotubes Market, by Application
- 10. Industry Landscape
- 10.1 Overview
- 10.2 Market Initiative
- 10.3 New Product Development
- 10.4 Merger and Acquisition
- 11. Company Profiles
- 11.1 Nanoshel LLC
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
- 11.2 Kumho Petrochemical Co Ltd
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
- 11.3 Klean Industries Inc
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
- 11.4 LG Chem Ltd
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
- 11.5 Arkema SA
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
- 11.6 Cabot Corp
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
- 12. Appendix
- 12.1 About The Insight Partners
- 12.2 Glossary of Terms
- LIST OF TABLES
- Table 1. South America Carbon Nanotubes Market –Revenue and Forecast to 2028 (US$ Mn)
- Table 2. South America Carbon Nanotubes Market –Volume and Forecast to 2028 (Tons)
- Table 3. South America Carbon Nanotubes Market, by Type – Revenue and Forecast to 2028 (US$ Million)
- Table 4. South America Carbon Nanotubes Market, by Type–Volume and Forecast to 2028 (Tons)
- Table 5. South America Carbon Nanotubes Market, by Application – Revenue and Forecast to 2028 (US$ Million)
- Table 6. Brazil Carbon Nanotubes Market, by Type – Revenue and Forecast to 2028 (US$ Million)
- Table 7. Brazil Carbon Nanotubes Market, by Type – Volume and Forecast to 2028 (Tons)
- Table 8. Brazil Carbon Nanotubes Market, by Application– Revenue and Forecast to 2028 (US$ Million)
- Table 9. Argentina Carbon Nanotubes Market, by Type – Revenue and Forecast to 2028 (US$ Million)
- Table 10. Argentina Carbon Nanotubes Market, by Type – Volume and Forecast to 2028 (Tons)
- Table 11. Argentina Carbon Nanotubes Market, by Application– Revenue and Forecast to 2028 (US$ Million)
- Table 12. Rest of South America Carbon Nanotubes Market, by Type – Revenue and Forecast to 2028 (US$ Million)
- Table 13. Rest of South America Carbon Nanotubes Market, by Type – Volume and Forecast to 2028 (Tons)
- Table 14. Rest of South America Carbon Nanotubes Market, by Application– Revenue and Forecast to 2028 (US$ Million)
- Table 15. Glossary of Terms, Global Carbon Nanotubes Market
- LIST OF FIGURES
- Figure 1. South America Carbon Nanotubes Market Segmentation
- Figure 2. South America Carbon Nanotubes Market Segmentation – By country
- Figure 3. South America Carbon Nanotubes Market Overview
- Figure 4. South America Carbon Nanotubes Market, By Type
- Figure 5. South America Carbon Nanotubes Market, by Country
- Figure 6. Porter’s Five Forces Analysis of South America Carbon Nanotubes Market
- Figure 7. South America Carbon Nanotubes Market, Ecosystem Analysis
- Figure 8. South America Expert Opinion
- Figure 9. South America Carbon Nanotubes Market Impact Analysis of Drivers and Restraints
- Figure 10. South America Carbon Nanotubes Market – Revenue and Forecast to 2028 (US$ Mn)
- Figure 11. South America Carbon Nanotubes Market –Volume and Forecast to 2028 (Tons)
- Figure 12. South America Carbon Nanotubes Market Revenue Share, By Type (2021 and 2028)
- Figure 13. Multi-Walled Carbon Nanotubes: South America Carbon Nanotubes Market – Revenue and Forecast To 2028 (US$ Mn)
- Figure 14. Multi-Walled Carbon Nanotubes: South America Carbon Nanotubes Market –Volume and Forecast To 2028 (Tons)
- Figure 15. Single-Walled Carbon Nanotubes: South America Carbon Nanotubes Market – Revenue and Forecast To 2028 (US$ Mn)
- Figure 16. Single-Walled Carbon Nanotubes: South America Carbon Nanotubes Market –Volume and Forecast To 2028 (Tons)
- Figure 17. South America Carbon Nanotubes Market Revenue Share, By Application (2021 and 2028)
- Figure 18. Electronics and Semiconductors: South America Carbon Nanotubes Market – Revenue and Forecast To 2028 (US$ Mn)
- Figure 19. Energy Storage: South America Carbon Nanotubes Market – Revenue and Forecast To 2028 (US$ Mn)
- Figure 20. Structural Composites: South America Carbon Nanotubes Market – Revenue and Forecast To 2028 (US$ Mn)
- Figure 21. Aerospace and Defense: South America Carbon Nanotubes Market – Revenue and Forecast To 2028 (US$ Mn)
- Figure 22. Medical: South America Carbon Nanotubes Market – Revenue and Forecast To 2028 (US$ Mn)
- Figure 23. Others: South America Carbon Nanotubes Market – Revenue and Forecast To 2028 (US$ Mn)
- Figure 24. South America: Carbon Nanotubes Market, by Key Country—Revenue (2021) ( US$ Million)
- Figure 25. South America: Carbon Nanotubes Market Revenue Share, By Key Country (2021 And 2028)
- Figure 27. Brazil: South America Carbon Nanotubes Market –Volume and Forecast to 2028 (Tons)
- Figure 28. Argentina: Carbon Nanotubes Market –Revenue and Forecast to 2028 (US$ Million)
- Figure 29. Argentina: Carbon Nanotubes Market –Volume and Forecast to 2028 (Tons)
- Figure 30. Rest of South America: Carbon Nanotubes Market –Revenue and Forecast to 2028 (US$ Million)
- Figure 31. Rest of South America: Carbon Nanotubes Market –Volume and Forecast to 2028 (Tons)
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