According to the research report titled ‘Global Single-Wall Carbon Nanotube Market Size study with COVID-19 Impact, by Type (Armchair Form Carbon Nanotube, Zigzag Form Carbon Nanotube, Chiral Form Carbon Nanotube), by Application (Electronics & Semiconductor, Energy, Aerospace & Defense, Automotive, Others) and Regional Forecasts 2020-2027‘, available with Market Study Report, global single-wall carbon nanotube market is estimated to amass substantial growth during 2020-2027.
 

Rising adoption of carbon nanotubes over steel as they are six-times lighter and 100 times stronger than steel, thereby reducing the overall weight of application devices is likely to drive the global single-wall carbon nanotube market. Moreover, carbon nanotubes are utilized as multifunctional bases and additives for innovating new products with specific properties. Single-wall carbon nanotubes (SWCNTs) have higher electrical conductivity which makes them useful across various industry verticals such as energy, aerospace & defense, sporting goods, automotive, electrical & electronics, healthcare and many more.
 

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For the record, single-wall carbon nanotubes are covered in graphene sheet which makes them strongest, thinnest, pliable, and transparent with super conductors of electricity and heat. Owing to these properties, researches are being carried for implementation of SWCNTs in solar cell to produce electricity from solar energy. They also have applications in LED, LCD, touch screen, and hydrogen fuel cells. Extensive usage of carbon nanotubes over other materials will contribute to the market growth. However, high cost of single-wall carbon nanotubes is the major factor hampering the market growth over 2020-2027.
 

Parallelly, growing prevalence of COVID-19 has caused slowdown of manufacturing processes across various industries due to the imposition of lockdowns and factory shutdowns. Instability in demand and supply of product in recent times will impede the growth of single-wall carbon nanotube market.
 

Based on form carbon nanotube type, global single-wall carbon nanotube market is segmented into armchair, chiral, and zigzag. With regards to application spectrum, the market is bifurcated into aerospace & defense, electronics & semiconductor, automotive, energy, and others.
 

As per regional overview, single-wall carbon nanotube market in Asia Pacific is likely to witness considerable growth during 2020-2027, owing to increase in adoption of carbon nanotubes in electronics & electrical, automotive, energy, and other industries. Booming automotive sector and advance innovations in electrical & electronics industry are estimated to create ample opportunities for the market players in Asia Pacific region.  
 

Leading players operating in global single-wall carbon nanotube industry include Arry International Group Ltd., CNT Co. Ltd., Toray International Group Limited, Carbon Solutions Inc., Nano-C Inc., Arkema S.A., Cheap Tubes Inc., OCSiAl LLC, Showa Denko K.K., Hanwha Chemical Corp., Continental Carbon Company, and Cnano Technology Ltd.