Electronics Industry is Likely to Make Significant Impact in the Adoption of Carbon Nanotubes Market and is Anticipated to Witness Growth during the Forecast Period

Tue, 15 December 2020 12:03

The global carbon nanotubes market is emerging market and is presumed to grow during the forecast period. The global carbon nanotubes market was valued USD 9.6 billion in 2019 and is presumed to grow at a CAGR 16.6% during the forecast period. The growth is attributed to high demand from electronics and automotive industry. Furthermore, growing demand for light weight and low emitting vehiclesis also one of the factors propelling the market growth.

Moreover, the growing proliferation of technological advancement and reduction in production costs also adds to the growth of the carbon nanotubes market. The increasing application of carbon nanotubes in industry vertical such as; automotive, construction and electronics in developing economies such as; China, Inda and Japan among others is one of the major factors fuelling the growth. Moreover, presence of enormous raw materials such as ethanol in developing economies such as; Brazil and India also pave the way for increased production of carbon nanotubes across the globe. Additionally, increasing government framework to boost the promotion of nanotechnology adoption further enhance market growth. However, environmental concerns and health and safety issues hinder the market growth.

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Key Highlights

  • By type, multi-walled carbon nanotubes hold higher CAGR and are presumed to grow during the forecast period. The growth is attributed to surge in electronics application adoption across the globe.
  • By method, chemical vapor deposition method holds largest market share and is expected to witness gain during the forecast period on account of its cheaper production costs and higher yield.
  • By application, electronic industry holds higher CAGR and is presumed to grow during the forecast period on account of surge in demand for flexible electronics appliances.
  • By region, North America holds a higher market share and is expected to grow during the forecast period on account of the presence of major vendors offering carbon nanotubes.
  • Asia-Pacific is the fastest-growing region and is expected to witness growth during the forecast period on account of surge in government initiatives to promote renewable energy generation techniques.

Key Players

  • Hanwha Chemical Corp. (South Korea)
  • Nano-C Inc. (US)
  • Cnano Technology Ltd (US)
  • A. (France)
  • Arry International Group LTD. (China)
  • Carbon Solutions Inc. (US)

Nanotubes 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
  • Others

By Application

  • Electronics & Semiconductors
  • Advanced Materials
  • Chemical & Polymers
  • Batteries & Capacitors
  • Aerospace & Defense
  • Energy
  • Medical
  • Others

By Region

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • The U.K.
  • Italy
  • France
  • Spain
  • Germany
  • The Rest of Europe

The Middle East and Africa (MEA)

  • Saudi Arabia
  • Egypt
  • South Africa
  • The Rest of MEA

Asia-Pacific

  • India
  • China
  • Japan
  • Australia
  • South Korea
  • The Rest of Asia-Pacific

South America

  • Columbia
  • Brazil
  • Chile
  • Peru
  • Argentina
  • The Rest of South America

" Crucial Insights The Report Provides:"

* Known and Unknown Adjacencies Influencing the Growth of Market

* Explorable Revenue Sources

* Customer Behaviour Analysis

* Target Partners

* Customized Geographical Data Based on Customers as well as Competitors

* Analysis of Market Size and CAGR between the Forecast Periods

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