According to Data Bridge Market Research new Market report, “Global Nanotubes Market By Type (Single-Walled Carbon Nanotubes (SWCNTS), Multi-Walled Carbon Nanotubes (MWCNTS), By Method (Physical Process, Chemical Process, Miscellaneous Process, Chemical Vapour Deposition (CVD), Catalytic Chemical Vapour Deposition (CCVD), High Pressure Carbon Monoxide Reaction (HIPCO) and Others ), By Application (Electronics & Semiconductors, Chemical & Polymers, Batteries & Capacitors, Energy, Medical Application, Advanced Materials Application, Aerospace & Defence), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
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Industry Trends and Forecast is projected to reach USD 14.27 billion by 2025, at a CAGR of 17.09% during the forecast period of 2018 to 2025.
The carbon nanotubes are a form of carbon which is similar to graphite that is found in pencils. They are hollow cylindrical tubes which are 10,000 times smaller than human hair, but stronger than steel. These nanotubes have electronic, magnetic and mechanical properties. A carbon nanotube is a tube-shaped material that is made of carbon. These tubes have a diameter that can be measured on the nanometer scale. These tubes have many structures which have different length, thickness, and number of layers.
Various researches are underway to explore its market potential in the auto mobile and electronics industries. It is trended as a multi-billion dollar investment in technology when compared to other synthesized nanomaterial. There is an increment in demand for nanoparticles in various industries such as energy, healthcare, environment, aerospace and electronics sector.
Though the material has various advantages and has been used in various applications the major problem which is hindering the growth of the market, is the cost of the nanotube. According to an article published by Science Daily, there are some researchers from University Sains Malaysia (USM) who have successfully created a new method for producing carbon nanotubes. The new method is capable of reducing the price of carbon nanotubes from $100 - $700 US to just $15 to $35 US for each gram which is much lower than world market price. As various developments are taking place in the nanomaterial industry the nanotube market is anticipated to grow at a positive growth rate.
The global market for nanotubes market by the following sub-categories is presented
Technological Advancements and Feasible Scenarios:
The nanotubes are quasi-one-dimensional materials and have unique properties which make them ideal to be used in various industries such as electronic devices, chemicals, medical and various others. In case of electronic devices significant progress has been made on CNT electronics, and a doping-free approach has emerged after various been carried out. This approach uses the contact control on the properties of field-effect transistors (FETs) and hence preserving the perfect lattice of the CNT which makes it possible for CNT FETs to outperform in various Si devices. These tubes are also used or the next generation of high-performance and energy-efficient electronics, to potentially achieve an order of magnitude improvement in energy-delay product at highly scaled technology. Hence such technological advancement has increased the usage of nanotubes in various industry which has helped in growth of the market.
Growing focus of market players
The global packaging resin market report contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their position in the market. The report also covers the market shares for global, North America, Europe, Asia-Pacific, Middle East and Africa and South America bleeding disorder treatment market.
Some of the major players operating in global packaging resin market are Arkema SA, Hanwha Chemical Corp, Kumho Petrochemical Co., Ltd., Showa Denko K.K., Toray Industries, Inc, Cnano Technology Ltd., Nanocyl SA, Hyperion Catalysis International Inc., Carbon Solutions, Inc., Arry International Group Limited, Cheap Tubes, Inc., Cnt Co., Ltd., Xinnano Materials, Inc., Klean Commodities, Nano-C Inc , Ocsial LLC, Nanolab, Inc., Nanoshel LLC, Nanothinx S.A., Grafen Inc., Thomas Swan & Co.Limited, Advanced Nanopower Inc., Chasm Advanced Materials, Inc., Chengdu Organic Chemicals Co. Ltd, Raymor Industries Inc among others
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