Global Carbon Nanotube Market - Analysis & Forecast, 2016-2022 (Focus on CNT Type, End Use Application and Region)
LONDON, April 4, 2017 /PRNewswire/ -- The global carbon nanotubes market is estimated to witness a growth at a CAGR of 16.8% over the period 2016 to 2022. This growth in the market is attributed to their increasing demand for various applications such as reinforcement composite additives in polymer industry, transistors and ICs in electronics and semiconductor devices and as super capacitors and fuel cells and Li-ion battery in energy storage industry etc.
Carbon nanotubes (CNTs) are lightweight materials constituting of graphene as their basic building block. They are tubes made up of molecules that that can be manipulated chemically and physically in very useful ways. They have opened a wide range of applications in material science, electronics, chemical processing, energy management and other fields.
The report is a compilation of different segments of global CNT market including market breakdown by type, application and geographical location. It also includes sections on competitive insights and market dynamics. Herein the revenue generated from CNTs is tracked to calculate the market size.
While highlighting the key driving and restraining forces for this market, the report also provides a comprehensive section of the application areas of the CNT market. It also details the key participants involved in the industry.
The report answers the following questions about the global CNT market:
- What are the different types of CNTs used in CNT industry? What is their contribution in terms of revenue to the overall CNT industry revenue?
- What are the different application areas of CNTs? What is their contribution in terms of revenue to the overall CNT revenue?
- Which is the most sought-after type of CNT used in CNT industry and which will be the most sought-after type of CNT in the forecast period?
- What are the different factors driving the market in the forecast period?
- What are the factors restraining and challenging the growth of global CNT market?
- What are the different opportunities to look for investment in the CNT market?
- Who are the different participants in the global CNT market?
- What kind of new strategies are being adopted by existing market players to make a mark in the industry?
- Which region will lead the global CNT market by the end of forecast period?
- Which application will lead the global CNT market by the end of forecast period?
The report has put special emphasis on the market share and size of polymer industry and electronics & semiconductor industry, owing to their high share in the current and upcoming market of CNTs. The industry analysis have also been done to examine the impact of various factors and understand the overall attractiveness of the industry.
The most often used strategy for developing a better hold on to the market has been through business expansions, followed by agreements, collaborations and partnerships. The company profile section includes highlights of significant information about the key companies involved, along with their financial summaries and key strategies & developmental activities of recent years. Some of the key players involved in this market are Arkema SA, Nanocyl SA, Cnano Technology,Showa Denko, Hanwha Chemical, Hodogaya Chemical, Ube Industries, Kumho Petrochemical, Times Nano, Carbon Solutions, Cnt Co Ltd, Hyperion Catalysis International, Arry International, Continental Carbon Nanotechnologies, Klean Commodities, Nano-C, OCSiAl, Thomas Swan & Co Ltd, and Zyvex Technologies.
Executive Summary
Carbon nanotubes (CNTs) are one of the most essential materials in material science with a number of significant properties; and hence are gradually changing the dynamics of polymer, energy and electronics and semiconductor industry. Carbon nanotubes technology has the potential to improve the performance of almost everything they are used in; composite or plastics and it is even a potential solution to energy problem.
The wide range of useful properties of CNTs have led to the development of a number of applications some of which are paving their way towards practical and commercial applicability. CNTs are extremely strong due to a high strength level between their atoms (i.e. sp2 hybridization) which makes them strong after being weaved together. They are stronger than steel, are unbreakably elastic, resistant to chemicals, are better conductors of electricity than silver and are better thermal conductors than diamond.
The global CNT market is emerging at a fairly rapid pace. Initially they were in danger of being replaced in conductive applications by graphene and in composites by Nano cellulose. But with time, due to their increasing needs in polymer industry, electronics and semiconductor industry and energy industry, they have managed to hold a good position in the materials market. CNTs have been competitive and will remain so in future too.
Transparent conductors, battery additives and transistors represent the most promising market for CNTs. They are viewed as the viable alternatives to Indium Tin Oxide (ITO) in transparent conductors and main candidate to replace silicon in transistors.
CNTs are also used in tennis rackets, golf clubs, in car fenders, in energy storage, automotive parts, boat hulls, sporting goods, water filters thin-film electronics, coatings, actuators, electromagnetic shields and as a replacement for wires, They are actively dominating the nanotechnology engineering market and have potential for a wide usage in controlling and handling other nanoscale structures. There is immense scope for CNTs to establish itself in application areas like architecture as well.
Some of the major players in the global CNT market are: Arkema, Nanocyl, Cnano Technology, Showa Denko, Hanwha Chemical, Hodogaya Chemical, Times Nano, Carbon Solutions, Cnt Co Ltd, Hyperion Catalysis International, Arry International, OCSiAl, , Thomas Swan & Co Ltd, Kumho Petrochemical, , Ube Industries, , Continental Carbon Nanotechnologies, Klean Commodities, Nano-C and Zyvex Technologies.
The global CNT market worth $ 700 million in 2015, is estimated to grow at a CAGR of 16.8 % over the period of 2016-2022, hitting $2,070.5 million by 2022. Wide applications of these materials across polymers, electrical & electronics, and energy industries are likely to drive the market growth over the forecast period. The MWCNTs are currently dominating the market due to low prices and their usage in varied applications. Asia Pacific region accounted for the largest market share of 41.8% in 2015 and this trend is expected to continue in the forecast period.
MWCNTs dominated the CNT market accounting for a market share of 95% by value. Asia Pacific generated the maximum amount of revenue in the year 2015 in the global CNT market followed by North America and Europe .Again, APAC has the highest potential to grow in the forecast period. If the industry has the prospects of growing at a similar pace, it will cross $ 2,070.5 million in total market value by the end of forecast period.
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