Global Carbon Nanotube (CNT) Market is projected to grow at a higher CAGR on account of the growing demand from Aerospace & Defense Industry
Pune, India - June 11, 2019 /MarketersMedia/ —
Market Overview:
Carbon nanotubes (CNTs), the cylinders of nanometer diameter, are consists of graphene sheet wrapped up to form a tube structure. The tubes can be single walled or double or triple-walled that is multi-walled. These tubes are either metals or semiconductors. CNT exhibit some electrical properties that can rival or even exceed its usability over the best metals or semiconductor. This is expected to replace and increase the use of CNTs in number of electrical & electronics applications. The properties of CNT can be varied by changing the angles of rolling or folding the sheets, which may help to meet the needs of diverse industrial applications such as aerospace & defense, electrical & electronics, chemicals, sports, and energy among the others. The prices of CNT have been steadily declining since 2010 due to increasing production, which is expected to drive growth of the Global CNT Market during the forecast period. The Global Nanocomposites Market has been estimated to grow at a higher CAGR to reach ~USD 8.2 billion till 2023. This, in turn, is projected to fuel the demand for CNT during the forecast period.
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Competitive Analysis:
Arry International Group Limited
SHOWA DENKO K.K.
Thomas Swan & Co. Ltd
Hanwha Chemical Corporation
Carbon Solutions, Inc
KUMHO PETROCHEMICAL
OCSiAI
Regional Analysis:
The Global CNT Market is divided into five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among them, Asia Pacific is both the largest and fastest growing region in the Global CNT Market. This region accounts for ~45% share of the overall CNT market. India, Japan, and China are the leading market in this region owing to the presence of major key players and end use industries such as electrical & electronics and automotive. North America is closely following Asia Pacific in terms of the market size. Germany, the U.K., France, and Italy are the major markets in this region. This is attributed to the growing aerospace & defense industry along with green energy sector in this region. After North America, Europe is the major region in terms market size, in the global CNT market. The U.S is holding major share of the regional CNT market. The aerospace & defense industry along with automotive industry in this region are consuming considerable amount of CNT, which is anticipated to push the regional market forward. Latin America is projected to grow at significantly at a higher CAGR in coming years due to increasing industrialization and pacifying economic conditions in Brazil and Colombia. Lastly, the Middle East & Africa is emerging owing to an increasing construction activities to cater flourishing tourism industry in the region to join hands with the leading regions in the Global CNT Market during the forecast period.
Segmentation:
The Global CNT Market has been segmented on the basis of type, method, end use industry, and region. On the basis of type, the market is divided into single walled carbon nanotube (SWCNT) and multi-walled carbon nanotube (MWCNT). Based on method, the market is divided into arc discharge, laser ablation, chemical vapor deposition, and high pressure carbon monoxide. On the basis of end use industry, the global CNT market is segmented into aerospace & defense, electrical & electronics, automotive, energy, sports, and others. Geographically, the global CNT markets is divided into five key regions including Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Intended Audience
CNTs Manufacturers
Traders and Distributors of CNTs
Research and Development Institutes
Potential Investors
Raw Material Suppliers
Nationalized Laboratory
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