Predicted to reach an estimated US$ 894 Mn in 2022, the target market is driven by growing demand from various industrial verticals like electronics, plastics, and energy storage.  The global carbon nanotubes market is projected to reach a value of US$ 2,215.5 Mn in 2032, with the market expanding at a prolific CAGR of 9.5% from 2022 to 2032. The inherent beneficial properties of carbon nanotubes further aid the growth of the same in the global marketplace during the forecast period.

Carbon nanotubes find major application in polymers since they act as strength and weight enhancers. This boosts the demand for polymers which, in turn, has a positive impact on the target market. Further, more and more governments are investing time and money to encourage the usage of carbon nanotubes at the domestic level which is expected to facilitate growth in the carbon nanotubes market.

In addition to this, adoption of carbon nanotubes is escalating due to increasing new wind energy generation projects. An upsurge in the demand for polymers in the electronics and electrical sector also induces market growth for carbon nanotubes. Heightened demand for engineered plastics across diverse end-use industries further propels the demand for polymer. This will have a positive impact on the target market growth during 2022-2032.

“High mechanical strength coupled with increasing usage in various end-use industries spearheads the global growth of the carbon nanotubes market over the forecast period,” says an FMI analyst.  

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Key Segments Covered

By Product:

  • Multi-Walled Carbon Nanotubes (MWCNT)
  • Single-Walled Carbon Nanotubes (SWCNT)

By Application:

  • Carbon Nanotubes Application in Polymers
  • Carbon Nanotubes Application in Energy

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Competitive Landscape 

Nanocyl S.A., CNano Technology Ltd., Showa Denko K.K., Arkema S.A., Bayer, MaterialScience AG, Chasm Advanced Materials Inc., Raymor Industries Inc., Klean Industries Inc., Toray Industries Inc., and Cheap Tubes among others are some of the major players in the carbon nanotubes market profiled in the full version of the report.

Leading market players are focusing on introducing and developing new products and technology. These enterprises employ strategic agreements, partnerships, mergers, and collaborations to gain a competitive advantage.

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