February 01, 2021
According to the research report titled ‘Global Carbon Nanotubes Market Analysis, 2020’, available with Market Study Report LLC, global carbon nanotubes market is expected to register a y-o-y growth rate of 15% between 2020 and 2025.
Rapid expansion of healthcare sector coupled with rising adoption of advanced technologies are some of the key factors driving the growth of global carbon nanotubes market. It is to be noted that nanotubes are extensively used in automotive, aerospace, energy, and electronics applications. Additionally, surging investments towards R&D activities in order to develop advanced carbon nanotubes is facilitating the business scenario.
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As per type, the industry is split into multi-walled carbon nanotubes as well as single-walled carbon nanotubes. By method type, global carbon nanotubes market is segmented into catalytic chemical vapor deposition, chemical vapor deposition, high-pressure carbon monoxide reaction, and others.
The application scope of the overall market consists of batteries & capacitors, electronics & semiconductors, medical, advanced materials, chemicals & polymers, and others. The report states that global carbon nanotubes industry size from chemical & polymer applications is likely to witness significant growth during the forecast period.
Widespread adoption of chemical & polymers across several consumer electronics, automotive vehicles, and 5G network equipment has impelled the demand for carbon nanotubes across the globe, thereby favoring the overall market scenario.
The regional outlook of global carbon nanotubes market covers North America, Asia-Pacific, Europe, Middle East & Africa, and South America. The country-level fragmentation consists of Canada, Mexico, United States, Argentina, Brazil, Russia, Belgium, Netherlands, Italy, France, United Kingdom, Germany, South Africa, Saudi Arabia, Turkey, South Korea, Japan, India, and China among others.
The major companies operating in global nanotubes market are Nano-C Inc., Advanced Nanopower Inc., Nanoshel LLC, Nanolab Inc., Raymor Industries Inc., Arry International Group Ltd., Thomas Swan & Co. Ltd., Klean Commodities, Kumho Petrochemical Co. Ltd., Cnano Technology Ltd., Carbon Solutions Inc., Toray Industries Inc., Showa Denko K.K., Arkema S.A., and Nanocyl SA among others.