The Worldwide Carbon Nanotube Industry is Expected to Grow at a CAGR of 13.8% Between 2020 and 2027 - ResearchAndMarkets.com

Therefore, the exponentially growing electric vehicle market is likely to create an opportunity for the growth of the carbon nanotube market.

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Thursday, June 10, 2021
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Tags: 
Technology, Nanotechnology, Other Manufacturing, Manufacturing, Chemistry, Physical sciences, Chemical elements, Carbon nanotubes, Allotropes of carbon, Emerging technologies, Refractory materials, Carbon nanotube, Space elevator, Nanotube, Carbon, Potential applications of carbon nanotubes
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CHINA, US, EUROPEAN UNION
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Summary
Key Points: 
  • Therefore, the exponentially growing electric vehicle market is likely to create an opportunity for the growth of the carbon nanotube market.
  • New Product launches in the market are likely to drive the growth of the carbon nanotube market.
  • For instance, in March 2021, Cabot Corp. had launched a new ENERMAX6 in its series of carbon nanotube.
  • A major portion of recovery in the carbon nanotubes industry is attributed to the Chinese automobile and polymer industry.


The "Global Carbon Nanotube Market 2020-2026" report has been added to ResearchAndMarkets.com's offering.

The global carbon nanotube market is growing at a considerable CAGR of 13.8% during the forecast period.

Companies Mentioned

  • Arkema Group (Parent company Trinseo)
  • Arry International Group, Ltd.
  • Cabot Corp.
  • Carbon Solutions, Inc.
  • Cambridge Nanomaterials Technology, Ltd.
  • CHASM Advanced Materials, Inc.
  • Cheap Tubes, Inc.
  • FutureCarbon GmbH
  • Hanwha Group
  • Hyperion Catalysis International, Inc.
  • Jiangsu Tiannai Technology Co., Ltd.
  • Klean Industries Inc. (Klean Carbon)
  • Kumho Petrochemical Co. Ltd.
  • LG Chem, Ltd.
  • Mitsubishi Chemical Corp.
  • Nano-C, Inc.
  • Nanocyl S.A.
  • NanoIntegris, Inc.
  • NanoLab, Inc.
  • OCSiAl Group
  • SHOWA DENKO K.K
  • Thomas Swan & Co. Ltd.
  • Toray Industries, Inc.

The increasing demand for carbon nanotubes along with their easy availability in the local market is the prominent factor to drive the growth of the carbon nanotube market across the globe. The carbon nanotubes are extremely small and light-weighted material with better strength and conductivity than conventional metals hence are high in demand in several end-user industrial vertical. Apart from light eight and higher conduction these materials have a high temperature range and are highly elastic material. These key characteristics of carbon nanotube make them suitable for use in electric vehicles. Therefore, the exponentially growing electric vehicle market is likely to create an opportunity for the growth of the carbon nanotube market.

However, the such as high cost of the development of carbon nanotube is one of the key factors that is retraining its adoption by several end-user industries. New Product launches in the market are likely to drive the growth of the carbon nanotube market. For instance, in March 2021, Cabot Corp. had launched a new ENERMAX6 in its series of carbon nanotube. It is considered as the company's newest development with regards to carbon nanotube with high performance. It is the most conductive multi-walled carbon nanotube product in the portfolio of the company with its offering of a high aspect ratio. This ENERMAX6 can be used to enhance the performance of the battery at a lower loading that will be allowing a higher energy density of the battery. The other certain attributes that are been provided by this ENERMAX6 include decreasing the total loading of conductive carbon additives with still accomplishing the comparable conductivity of the electrodes along with lowering the direct current internal resistance (DCIR) of the battery cell.

Impact of COVID-19 on the Carbon Nanotube Market

The global carbon nanotubes market is hardly hit by the outbreak of COVID-19 since December 2019. Key industry application of carbon nanotubes includes polymer, automobile, and electronics rely on top economies such as China, the US, and European Union. The outbreak of COVID-19 in these major economies has disrupted the manufacturing and supply of raw materials across the globe. China is one of the largest polymers, electronics, and automobile manufacturers, hence the outbreak of COVID-19 in China disrupts the global supply chain, hence impacted the carbon nanotubes market negatively. The market will witness "W" shape recovery in near future owing to the restart of key industries in major economies. A major portion of recovery in the carbon nanotubes industry is attributed to the Chinese automobile and polymer industry.

The Report Covers

  • Market value data analysis of 2020 and forecast to 2027.
  • Annualized market revenues ($ million) for each market segment.
  • Country-wise analysis of major geographical regions.
  • Key companies operating in the global carbon nanotube market Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
  • Analysis of market-entry and market expansion strategies.
  • Competitive strategies by identifying 'who-stands-where in the market.

Key Topics Covered:

1. Report Summary

2. Market Overview and Insights

3. Competitive Landscape

4. Market Determinants

4.1. Motivators

4.2. Restraints

4.3. Opportunities

5. Market Segmentation

5.1. Global Carbon Nanotube Market by Structure

5.1.1. Single-Walled Carbon Nanotubes

5.1.2. Multi-Walled Carbon Nanotubes

5.2. Global Carbon Nanotube Market by End-User Industry

5.2.1. Polymer

5.2.2. Electronics

5.2.3. Automobile

5.2.4. Aviation & Aerospace

5.2.5. Other

6. Regional Analysis

7. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/6vm467

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