Global Carbon Nanotubes Market By Overview
Carbon Nanotubes Market accounted for US$ 42.1 billion in 2024 and is estimated to be US$ 153.3 billion by 2034 and is anticipated to register a CAGR of 15.3%.
Carbon nanotubes are a class of minuscule allotropes of carbon with sizes to the scale of nanometers. Their electrical, thermal and physical properties make them ideal for various industrial applications. CNTs possess excellent properties such as high tensile strength, efficient electrical conductivity and have the ability to withstand high temperatures. These nanotubes are widely used various industrial applications including polymers, electronics, medicine, aerospace, defense, automotive, and energy among others. They are widely used to improve properties of strength and weight in polymers as reinforcing material. Additionally, CNTs have a smaller diameter and superior electrical conductivity and have the ability to replace steel for various applications.
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Global Carbon Nanotubes Market By Drivers & Restraints
Rising demand among end users
The major factor driving the carbon nanotubes market are superior chemical and mechanical properties, emerging demand, high growth in end-use industries such as electrical & electronics and automotive. Also, increasing demand for lightweight and low carbon-emitting vehicles and technological advancements and feasible scenarios will further boost the growth of the global market. The demand for carbon nanotubes has been increasing rapidly in applications such as field emission displays, integrated circuits, hydrogen storage, lithium batteries, solar PV cells, fuel cells, and drug delivery. Increasing commercialization; ramping up of installed capacities; and technological advancements to bring down prices, improve quality, and develop more advanced products are the trends in the carbon nanotubes market.
However, environmental concern and health & safety issues can act as a restraint to the target market. Whereas, growing opportunities in emerging applications will provide lucrative growth opportunity to carbon nanotubes market
Global Carbon Nanotubes Market By Segmentations & Regional Insights
Carbon nanotubes market is segmented based on type, method, application, and region.
Based on type, the carbon nanotubes market is segmented into the multi-walled carbon nanotube, and single-walled carbon nanotube. Based on the method, the target market is segmented into chemical vapor deposition, catalytic chemical vapor deposition, high-pressure carbon monoxide reaction, and others. Based on application, the target market is bifurcated into electronics & semiconductors, advanced materials, chemical & polymers, batteries & capacitors, aerospace & defense, energy, medical, and others.
Regional Insights:
Carbon nanotubes market accounted for US$ 42.1 billion in 2024 and is estimated to be US$ 153.3 billion by 2034 and is anticipated to register a CAGR of 15.3%. On region the carbon nanotubes market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in the Asia Pacific accounts highest revenue share to the carbon nanotubes market due to the increasing adoption of CNTs in automotive, energy, electrical & electronics, and other industries. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2023 |
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Forecast period |
2024 – 2034 |
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Market representation |
Revenue in USD Billion & CAGR from 2024 – 2034 |
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Market Segmentation |
By Type- Multi-Walled Carbon Nanotube, Single-Walled Carbon Nanotube By Method– Chemical Vapor Deposition, Catalytic Chemical Vapor Deposition, High-Pressure Carbon Monoxide Reaction and Others By Application- Electronics & Semiconductors, Advanced Materials, Chemical & Polymers, Batteries & Capacitors, Aerospace & Defense, Energy, Medical, and Others
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the carbon nanotubes market report based on type, method, application, and region.
Carbon Nanotubes Market, By Region:
- North America
- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- U.S.
- Canada
- Middle East & Africa
Global Carbon Nanotubes Market By Competitive Landscape & Key Players
The key players operating in the carbon nanotubes market includes Arkema SA, Arry International Group Limited, Advanced Nano power Inc., Chasm Advanced Materials, Inc., Chengdu Organic Chemicals Co. Ltd., Carbon Solutions, Inc., Cnano Technology Ltd., Cheap Tubes, Inc., Grafen Chemical Industries (Grafen Co.), and Hanwha Corporation.
Arry International Group Limited:
Arry Nano develops and manufacturers single and multiwalled carbon nanotubes with different diameter and purity for both research and industrial applications. The company had developed scalable process to produce carbon nanotubes using CVD method.
Global Carbon Nanotubes Market By Company Profile
- Arkema SA,
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Arry International Group Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Advanced Nanopower Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Chasm Advanced Materials, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Chengdu Organic Chemicals Co. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Carbon Solutions, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Cnano Technology Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Cheap Tubes, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Grafen Chemical Industries (Grafen Co.)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Hanwha Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Carbon Nanotubes Market By Highlights
FAQs
Carbon Nanotubes Market report segments the market on the basis type, method, application and region.
The major factor driving the carbon nanotubes market are superior chemical and mechanical properties, emerging demand, high growth in end-use industries such as electrical & electronics and automotive.
Asia-Pacific is projected to lead the carbon nanotubes market and is expected to remain dominant during the forecast period, due to the increasing adoption of CNTs in automotive, energy, electrical & electronics, and other industries.
The leading players operating in the Carbon Nanotubes Market includes Arkema SA, Arry International Group Limited, Advanced Nanopower Inc., Chasm Advanced Materials, Inc., Chengdu Organic Chemicals Co. Ltd., Carbon Solutions, Inc., Cnano Technology Ltd., Cheap Tubes, Inc., Grafen Chemical Industries (Grafen Co.), and Hanwha Corporation.