Carbon Nanotubes Market worth $2.63 billion by 2029 – Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., Dec. 2, 2024 /PRNewswire/ — The report “Carbon Nanotubes Market by Type (Single Walled & Multi Walled), End Use Industry (Electronics & Semiconductors, Chemical Materials & Polymers, Structural Composites, Energy & Storage, Medical), Method, and Region – Global Forecast to 2028″, exhibits high growth potential and is projected to reach a market size of USD 2.63 billion by 2029 from USD 1.31 billion in 2024, at a CAGR of 14.9%. One of the largest markets for carbon nanotubes (CNT) worldwide is the Asia Pacific area. The demand for CNTs is increasing in the electronics, automotive and healthcare industries. The demand from developing nations, such as China, India, Brazil, and Argentina are expected to drive the global CNTs market.
Browse in-depth TOC on “Carbon Nanotubes Market”
240 – Tables
70 – Figures
300 – Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=139
MWCNT, by type segment is expected to hold largest share of the carbon nanotubes (CNT) market during the forecasted period.
In terms of volume for carbon nanotubes (CNT) market overall, multi-wall carbon nanotubes (MWCNT) type held the largest share in 2022. Multi-wall carbon nanotubes consist of concentric tubes or cylinders of carbon. Carbon endcaps are usually employed to seal the ends of tubes. Double-wall tubes, bamboo, and herringbone architectures are other MWCNT types. Compared to single wall carbon nanotubes, multi-wall carbon nanotubes are simpler to manufacture in large quantities. MWCNTs are used in conductive transparent electrodes, conductive nano inks, conductive heating films, chemical sensors, displays, super batteries, supercapacitors energy storage, solar power cells, thermal interface material, and other applications because of their excellent electrical conductivity.
Energy & storage, by end-use industry segment hold the largest growing segment in overall carbon nanotubes (CNT) market during forecast period.
Energy & storage end-use industry holds the largest share in terms of volume in overall carbon nanotubes (CNT) market. The highest volume of CNTs is consumed for energy & storage. Vehicles that need lightweight, high-energy density solutions are causing a sharp rise in the demand for lithium (li)-ion batteries. Cell phones, notebook computers, and hybrid cars all use these batteries because they have the best energy density per weight. During the forecast period, the lithium-ion battery market is anticipated to be driven by the rising use of plug-in hybrid electrical vehicles (PHEV) and portable electronic gadgets. As a result, the market for carbon nanotubes in the energy & storage sector is anticipated to grow. Several automakers have begun concentrating on EVs as several nations have taken measures to reduce CO2 emissions and maintain a greener environment.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=139
Lithium-ion batteries is likely to account the largest share of end-use industry segment of the global carbon nanotubes market during the forecast period.
Vehicles that need solutions with high energy density and small weight are seeing a sharp rise in demand for lithium-ion batteries. Utilized in hybrid cars, notebook computers, and cell phones, these batteries offer the best energy density per weight.
The widely used lithium batteries in portable electronics are composed of three basic parts: an electrolyte, an electrically conductive substance through which charged particles or ions can easily move, two electrodes (referred to as the anode or negative electrode), the cathode (referred to as the positive electrode), and the positive electrode. These batteries use CNTs as electrode material. CNTs are a type of electrode material used in capacitors. Because CNTs have high density and high orientation properties, this reduces the internal resistance of the capacitor.
Asia Pacific region likely to account the largest share of the global carbon nanotubes market during forecasted period.
Asia Pacific is the largest market and is likely to continue in the foreseeable future. The three main end-use sectors for CNTs are automotive, building & construction, and electrical & electronics. Increased vehicle sales in the region are anticipated to have a positive effect on the market during the forecast period due to the expansion of the road and transport networks in the region and government measures to expand the industrial and infrastructure. A result of its expanded industrial production during the last five years, China now leads the world in the need for CNTs. The industry is also driven by the relocation of manufacturing operations for the chemical, automotive, and aerospace sectors from established markets to developing nations.
Request Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=139
LG Chem (South Korea), Cabot Corporation (US), Resonac Corporation (Showa Denko K.K.) (Japan), Jiangsu Cnano Technology Co., Ltd. (China), Timesnano (Chengdu Organic Chemicals Co. Ltd.) (China), Nanocyl SA (Belgium), Arkema S.A. (France), Sumitomo Corporation (Japan), and Cheap Tubes, Inc. (US) are the key players in the global carbon nanotubes (CNT) market.
Toray International Group Limited (Japan), Kumho Petrochemical Co. Ltd. (South Korea), Klean Commodities (Canada), Thomas Swan & Co. Limited (UK), Raymor (Canada) are some of the startups in the global carbon nanotubes (CNT) market.
Browse Adjacent Market: Advanced Materials Market Research Reports & Consulting
Related Reports:
Battery Materials Market – Global Forecast to 2027
Composites Market – Global Forecast to 2028
Specialty Chemicals Market – Global Forecast to 2028
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/carbon-nanotubes.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/carbon-nanotubes.asp
Logo: http://brewuptrend.com/wp-content/uploads/2024/12/MarketsandMarkets.jpg
View original content:https://www.prnewswire.co.uk/news-releases/carbon-nanotubes-market-worth-2-63-billion-by-2029–exclusive-report-by-marketsandmarkets-302319399.html
