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Carbon Nanotubes (CNT) Market Size, Share | Industry Outlook, Growth, Analysis and Forecast by 2030
Global carbon nanotubes demand is projected to grow at a healthy CAGR of 6.98% during the forecast period until 2030.
Carbon Nanotubes (CNTs) are large cylindrical shaped molecules that consist of sheets of single-layered hybridized carbon atoms i.e., graphene in a rolled-up manner. CNTs are considered one of the strongest and stiffest materials known due to their versatile properties such as high electrical conductivity, high thermal conductivity, high mechanical strength, very light weight, high aspect ratio and high chemical stability, which makes them an ideal element for various end-use applications. CNTs are widely used as additives in electronics, optics, plastics, and other materials of nanotechnology fields. Carbon Nanotubes also find application in pharmacy and medicine for drug delivery systems in therapeutics. Biomedical industry is the fastest growing end-use industry due to high demand of CNTs in drug delivery system, cancer treatment, proteomics, platelet activation, tissue regeneration & others disease treatment. Multi-walled Carbon Nanotubes (MWCNTs) consists of double wall CNTs and possesses an excellent tensile strength and elastic modulus which makes it suitable for various applications in automotive and aerospace industries. CNT is increasily used in aerospace vertical as as it facilitate designing of lightweight parts and helps in reducing the CO2 emissions. Factors that are driving the global market of CNTs are increased demand for lightweight structural polymer composites, conductive fillers for EMI shielding materials and antistatic packaging.
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On the basis of technology, the Carbon Nanotubes market is segmented into arc discharge, laser ablation of graphite and chemical vapor deposition (CVD). The process of CVD is widely used to produce carbon nanotubes as it enables larger production of carbon nanotubes under controllable conditions at lower-cost.
Some of the major players operating in Carbon Nanotubes market include Arkema Group, Hyperion Catalysis international, Klean Industries Inc. LG Chem, Cnano Technology Limited, Future Carbon Gmbh, Nanocyl SA, Toray Industries Nanoshell LLC. Showa Denko kkand Others.