Carbon Nanotube Industry Global Market Size, Share, Scope, Product Estimates & Business Strategy, Upcoming Development, Forecasts, 2019 – 2023 | MRFR

Latest research report on “Global Carbon Nanotube Market 2019 Research Report ” now available at a high quality database ofMarketResearchFuture.com withMarket size, share, trends, Competitive and statistical analysis.

Pune, India - July 10, 2019 /MarketersMedia/ —

Global Carbon Nanotube (CNT) Market Information: by Type (Single Walled and Multi-Walled), by Method (Arc Discharge, Laser Ablation, Chemical Vapor Deposition, High Pressure Carbon Monoxide), by End Use Industries (Aerospace & Defense, Electrical & Electronics, Automotive, Energy, Sports, and Others), and by Region till 2023

Carbon Nanotubes Market Insights:

Carbon Nanotubes are a nascent technology which is gaining traction across various end-use industries due to its features such as the ability to bolster mechanical and tensile strength while remaining lightweight. A high amount of research and development has been going into the potential for applications of CNT in various industry verticals, thus facilitating rapid growth. Unrealized potential of this market is likely to boost its demand and create various opportunities for growth over the forecast period 2017 to 2023

Players Overview:

Carbon solutions Inc., Arry International Group Limited, Nanocyl SA, Showa Denko K.K., Hanwha Chemical Corporation, Thomas Swan & CO. Ltd., NanoLab Inc., Kumho Petrochemical, Nanoshel LLC and OCSiAl

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Latest Industry News:

Jiaxing Huang, Professor of Materials Science and Engineering at Northwestern University has found a new method which uses an affordable solvent named cresol to prepare disperse CNT at higher concentrations than is usual. The findings indicate that the material has the potential to transform into a thick paste, then a freestanding gel before transitioning into a dough that can be kneaded for molding into desired shapes.

NASA is developing CNT technology for use in analyzing extra-terrestrial samples. Patterned nanotubes have been used to operate as electron emitters in a new instrument for the above-mentioned purpose. CNT technology is also being developed for a coating that absorbs stray light, which will protect sensitive instruments from contamination.

Market Segmentation:

The Global CNT Market is segmented on the basis type, method, end use industry, and region. Based on type, the market is divided into single walled carbon nanotube (SWCNT) and multi-walled carbon nanotube (MWCNT). The SWCNT consists of a one-atom-thick layer of grapheme wrapped into a tube or a seamless cylinder; most of the SWCNTs have a diameter of close to 1 nanometer and can be many millions of times longer. The band gap in SWCNT can vary from zero to about 2 eV and their electrical conductivity can show metallic or semiconducting behavior. This enable the use of SWCNT for miniaturizing. During the forecast period SWCNTs are anticipated to make a large impact in electronics applications. Multi-walled carbon nanotubes (MWCNTS) are manufactured by rolling multiple layers of concentric tubes of graphene sheets. Among MWCNT, Double-walled carbon nanotubes (DWNTs) form a special class of nanotubes because of their morphology. Their properties are similar to those of SWNTs. but they are more resistant to chemicals. This is, especially, when it is necessary to graft chemical functions to the surface of the nanotubes.

On the basis of method the market is divided into arc discharge, laser ablation, chemical vapor deposition (CVD), and high pressure carbon monoxide disproportionation (HiPCO). The high pressure carbon monoxide disproportionation method is the only continuous method or process among them while the remaining three are the batch processes. The CVD method among them is the most popular as it yields high quality and has good control over diameter and length of the tube structure. CVD segment in the Global CNT Market is estimated highest CAGR during the forecast period. This is attributed to the low cost, ability of this method to form larger structures, and less complexity of this method. HiPCO is a substantial method in manufacturing of CNT. It is a continuous process, which makes manufacturing of CNT more economical and commercially viable.

Based on end use industries, the Global CNT Market is segmented into aerospace & defense, electrical & electronics, automotive, energy, sports, and others. Among them, the aerospace & defense industry is fetching major share of overall demand for CNT. CNT composites have a good tensile strength and flexibility along with the good metallic characteristics. This is replacing the use of metal alloys and other composites in manufacturing body and other parts of aircraft and spacecraft. The global electrical & electronic market is also growing at a higher rate. Increasing penetration of green energy electricity into untapped remote areas is expected to fuel the demand for CNT in energy conservation and storage applications. Automotive industry is steadily growing with an increasing demand of vehicles around the world.

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Regional Analysis:

The Global CNT Market is divided into five key regions including Asia Pacific, Europe, North America, Middle East & Africa, and Latin America. Asia pacific accounts for 45% share of the Global CNT Market owing the growing demand from growing electrical & electronics and automotive industry in this region. India, China, and Japan are leading the regional market due to the presence of major end use industries. North America ranks second in terms of the market size in the Global CNT Market. The U.S. is the major shareholder in this regional CNT Market due to the increasing demand for CNT by aerospace & defense industry along with growing sports equipment industry. Europe is also significant region in the global CNT Market, wherein Germany, U.K, France, and Italy are the major markets. This is attributed to the established automotive industry in this region which is the major consumer of CNT. Latin America is anticipated to gain momentum to join hand with leading regions in the Global CNT Market. Lastly, The Middle East & Africa is projected to grow at considerable CAGR owing to the increasing construction activities and rapidly growing sports industry during the forecast period

Intended Audience

CNTs Manufacturers
Traders and Distributors of CNTs
Research and Development Institutes
Potential Investors
Raw Material Suppliers
Nationalized Laboratory

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