Global Carbon Nanotubes (CNT) Market, By Method (Chemical Vapor Deposition, Catalytic Chemical Vapor Deposition (CCVD), High-Pressure Carbon Monoxide Reaction, Others), Type (Single-Walled, Multi-Walled, Others), Technology (Arc Discharge, Laser Ablation, CVD, Catalytic CVD, High-Pressure Carbon Monoxide, CoMoCAT, Floating Catalyst, Others), Application (Structural Polymer Composites, Conductive Polymer Composites, Conductive Adhesives, Fire Retardant Plastics, Metal Matrix Composites, Li-ion Battery Electrodes, Others), End User (Aerospace and Defense, Chemicals and Polymers, Electronics and Semiconductors, Advanced Materials, Batteries and Capacitors, Medical, Energy, Others) – Industry Trends and Forecast to 2030.
Carbon Nanotubes (CNT) Market Analysis and Size
Over the last few years, the advancements in nanotechnology in manufacturing are expected to lead to new and innovative applications for carbon nanotubes. Furthermore, carbon nanotube manufacturers and organizations are pursuing this sector to find new methods and ways to deploy and use carbon nanotubes. A favorable regulatory framework placed by several governments for promoting domestic nanotechnology is also a positive sign.
Data Bridge Market Research analyses that the carbon nanotubes (CNT) market is expected to reach USD 3,436.22 million by 2030, which was USD 1,019.66 million in 2022, registering a CAGR of 16.40% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand..
Carbon Nanotubes (CNT) Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 – 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Method (Chemical Vapor Deposition, Catalytic Chemical Vapor Deposition (CCVD), High-Pressure Carbon Monoxide Reaction, Others), Type (Single-Walled, Multi-Walled, Others), Technology (Arc Discharge, Laser Ablation, CVD, Catalytic CVD, High-Pressure Carbon Monoxide, CoMoCAT, Floating Catalyst, Others), Application (Structural Polymer Composites, Conductive Polymer Composites, Conductive Adhesives, Fire Retardant Plastics, Metal Matrix Composites, Li-ion Battery Electrodes, Others), End User (Aerospace and Defense, Chemicals and Polymers, Electronics and Semiconductors, Advanced Materials, Batteries and Capacitors, Medical, Energy, Others)
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Countries Covered
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U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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LG Chem (South Korea), Cabot Corporation (U.S.), SHOWA DENKO K.K. (Japan), Dupont (U.S.), Solvay (Belgium), DAIKIN INDUSTRIES, Ltd., (Japan), Carbon Solutions, Inc. (U.S.), OCSiAl (Luxembourg), SABIC (Saudi Arabia), Nanoshel LLC (U.S.), Thomas Swan & Co. Ltd. (U.K.), Nanothinx S.A. (Greece), XinNano Materials, Inc. (China), Continental Carbon Company. (U.S.), KUMHO PETROCHEMICAL (South Korea), Raymor Industries Inc. (Canada)
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Market Opportunities
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Market Definition
Carbon nanotubes (CNT) are unidimensional allotropes of carbon which are prepared by rolling graphene sheets. It is an advanced material that is prepared for different applications such as transmission line cables, oven fabrics and textiles and body and vehicle armor. Carbon nanotubes (CNT) provide superior properties that make these nanotubes stronger than steel while also decreasing their weight. These molecules are rolled up into multi-walled or single-walled cylinders, resulting in unpredictable properties.
Global Carbon Nanotubes (CNT) Market Dynamics
Drivers
- Increasing demand for carbon nanotubes (CNT) in the aerospace and defense industry
Growing demand for carbon nanotubes (CNT) in the aerospace and defense industry is one of the major factors likely to propel the market growth during the forecast period. This significant rise in market growth is due to their superior properties and ability to facilitate the designing of lightweight parts. Carbon nanotubes (CNT) are used in composite materials to decrease the risk of damage and penetration during lightning strikes on external aircraft surfaces.
- Surging agreements and mergers between market players to promote and distribute carbon nanotubes (CNT)
Increasing agreements and mergers between market players to promote and distribute carbon nanotubes (CNT) will propel the growth of the carbon nanotubes (CNT) market. For instance, ChemSpec signed a contract with Nanocyl SA to promote and distribute Nanocyl's multiwall carbon nanotube products in 2020. ChemSpec will target the industrial manufacturing markets in Canada and the United States. ChemSpec will concentrate all its efforts on the expansion of MWCNT in elastomer and thermoplastic compounding.
Opportunities
- Growing demand for single-walled carbon nanotubes
Rising demand for single-walled carbon nanotubes will likely create lucrative market opportunities during the forecast period. Single-walled carbon nanotubes are extensively used in numerous end-use industries such as electrical and electronics. They play a vital role in solar cells because of their high-performance capabilities at low density compared to multi-walled carbon nanotubes. With the increasing demand for energy with a main focus on clean energy sources, solar energy has a gain attraction, which will likely create ample growth opportunities for the market.
- Rise in government initiatives to promote energy conservation
Government initiatives to promote energy conservation aid the growth of the carbon nanotubes (CNT) market. The adoption of carbon nanotubes in the production and storage of solar energy is expected to create emerging market opportunities all over the globe. For instance, Indian government initiatives such as Pradhan Mantri Kisan Urja Suraksha Evam Utthan Mahabhiyan Yojana, CPSU scheme phase two, and solar rooftop phase two are specifically designed to promote the storage and production of solar energy in the nation. These programs are likely to boost the market growth in the forecast period.
Restraints/ Challenges
- High cost associated with carbon nanotubes (CNT)
The high cost of organizing appropriate conditions for carbon nanotube production is likely to hamper the market. Also, the ultimate commercial scale-up limitations increase carbon nanotubes' manufacturing costs, which may restrain the market growth.
- Increasing concern regarding human health
Carbon nanotubes (CNT) greatly impact the environment, and to curb these impacts, manufacturing companies must adhere to many stringent government regulations and policies. The collected carbon nanotubes (CNT) pose a health threat to humans which may lead to serious health issues. Exposure to carbon nanotubes (CNT) causes damage to the kidneys.
This carbon nanotubes (CNT) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the carbon nanotubes (CNT) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In 2021, L.G. Chemical Limited accomplished its 1200 metric tons development of Yeosu CNT's second plant and ongoing its operation on commercial grounds. The major focus of this company is on developing and designing competitive products by using vertical integration from raw materials and developed with proprietary technologies.
- In 2021, Cabot Corporation announced the launch of a new product named ENERMAXTM 6 in its carbon segment. As a result of high aspect ratio, it has been revealed to be the most conductive multi-walled carbon nanotubes (CNT) product in the company's portfolio. This product series is likely to increase battery performance at lower loadings.
Global Carbon Nanotubes (CNT) Market Scope
The carbon nanotubes (CNT) market is segmented on the basis of method, type, technology, application, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Method
- Chemical Vapor Deposition
- Catalytic Chemical Vapor Deposition (CCVD)
- High-Pressure Carbon Monoxide Reaction
- Others
Type
- Single-Walled
- Multi-Walled
- Others
Technology
- Arc Discharge
- Laser Ablation
- CVD
- Catalytic CVD
- High Pressure Carbon Monoxide
- CoMoCAT
- Floating Catalyst
- Others
Application
- Structural Polymer Composites
- Conductive Polymer Composites
- Conductive Adhesives
- Fire Retardant Plastics
- Metal Matrix Composites
- Li-ion Battery Electrodes
- Others
End User
- Aerospace and Defense
- Chemicals and Polymers
- Electronics and Semiconductors
- Advanced Materials
- Batteries and Capacitors
- Medical
- Energy
- Others
Carbon Nanotubes (CNT) Market Regional Analysis/Insights
The carbon nanotubes (CNT) market is analysed and market size insights and trends are provided by country, method, type, technology, application and end user as referenced above.
The countries covered in the carbon nanotubes (CNT) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the carbon nanotubes (CNT) market because of growing demand of carbon nanotubes (CNT) in electronic industries in this region. Furthermore, growth and expansion polymer industry in emerging countries such as India and China will further increase the market's growth.
North America is expected to be the fastest developing region from 2023 to 2030 because of the growing usage of carbon nanotubes (CNT) in various end-use industries such as electrical and electronics, aerospace and defense, automotive, and more.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Carbon Nanotubes (CNT) Market Share Analysis
The carbon nanotubes (CNT) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to carbon nanotubes (CNT) market.
Some of the major players operating in the carbon nanotubes (CNT) market are:
- LG Chem (South Korea)
- Cabot Corporation (U.S.)
- SHOWA DENKO K.K. (Japan)
- Dupont (U.S.)
- Solvay (Belgium)
- DAIKIN INDUSTRIES, Ltd., (Japan)
- Carbon Solutions, Inc. (U.S.)
- OCSiAl (Luxembourg)
- SABIC (Saudi Arabia)
- Nanoshel LLC (U.S.)
- Thomas Swan & Co. Ltd. (U.K.)
- Nanothinx S.A. (Greece)
- XinNano Materials, Inc. (China)
- Continental Carbon Company. (U.S.)
- KUMHO PETROCHEMICAL (South Korea)
- Raymor Industries Inc. (Canada)
- CHASM (U.S.)
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