About Carbon Nanotubes (CNTs)
Carbon Nanotubes are large cylindrical molecules of a hexagonal arrangement of hybridized carbon atoms, which are made of graphene sheets. According to those sheets, Carbon Nanotubes are classified into two types such as single-walled carbon nanotubes, and multiple-walled carbon nanotubes. Carbon Nanotubes are synthesized by three main methods namely arc discharge, laser ablation, and chemical vapor deposition. They are a type of allotrope of carbon, along with graphite and diamond. TheseCarbon Nanotubes have exceptional mechanical, electrical, and thermal properties, that make them more attractive and useful for various fields such as electronics, medicine, energy, and materials science. They are available in three different designs such as armchair carbon nanotubes, zigzag carbon nanotubes, and chiral carbon nanotubes. Owing to the Increase in Demand for CNTs Due to their Extraordinary Electric and Head Conductivity and Mechanical Properties, the Carbon Nanotubes market is expected to grow at a significant rate during the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Carbon Nanotubes (CNTs) market is a fragmented market due to the presence of various players. The players are focusing on increasing their manufacturing capacity and are offering competitive prices to gain high market share and establish their position in the market. Further, companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Arkema Group (United States), Cabot Corp. (United States), CHASM Advanced Materials Inc. (United States), Continental Carbon Co. (United States), Hanwha Corp. (South Korea), Hyperion Catalysis International Inc. (United States), JiangSu Cnano Technology Ltd. (China), Klean Industries Inc. (Canada), Nano C Inc. (United States), Nanocyl SA (Europe), Nanoshel LLC (United States) and Nanostructured Materials Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are NoPo Nanotechnologies India Pvt. Ltd. (India), OCSiAl (Europe) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Carbon Nanotubes (CNTs) market by Type (Single-Walled Carbon Nanotubes and Multiple-Walled Carbon Nanotubes), Application (Plastic & Composites, Energy, Electronics and Others) and Region.
On the basis of geography, the market of Carbon Nanotubes (CNTs) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
If we see Market by , the sub-segment i.e. will boost the Carbon Nanotubes (CNTs) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
Increase in Demand of Carbon Nanotube Based Biosensors for Detection of Viruses
Market Growth Drivers:
Increasing Demand for CNTs Due to their Extraordinary Electric and Head Conductivity and Mechanical Properties, Rising Demand for CNTs in Semiconductor Industry and Increasing Demand for Lightweight and High-Strength Materials
Challenges:
Increasing Incidence of a Uniform Dispersion in Bulk Manufacturing and Presence of a High Number of Impurities in CNTs
Restraints:
High Cost of Manufacturing
Opportunities:
Increasing Technical Advancement in Carbon Nanotubes for Its Application in Space and Defence and Growing Demand for Renewable Energy Sources and Energy Storage Solutions
Market Leaders and their expansionary development strategies
In April 2020, Cabot Corp acquired Shenzhen Sanshun nano new material co, Ltd. SUSN in leading manufacture of carbon-nanotube in china. This acquisition strengthens Cabot’s position in china and carbon nanotube market
In September 2020, Arkema partnered with the Korea association of carbon –Nano industry. Strategic plan behind this partnership is to help Arkema to supply goods and parts to large companies in automobile, aviation and materials industries to build cooperative ecosystem for carbon-nano industry. This partnership expanded its presence in carbon nanotubes market.
Key Target Audience
Carbon Nanotubes Manufacturers, Raw Material Suppliers, Distributors, Government Bodies, Regulatory Bodies, Potential Investors, Research and Development Institutes, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.