According to a new market report published by Lucintel, the future of the global carbon nanotube (CNT) market looks promising with opportunities in the energy, electrical & electronics, transportation, construction, and others industries. The global carbon nanotube market is expected to grow at CAGR of 15% from 2020 to 2025. The major drivers for this market are increasing demand for lithium ion batteries, growth in consumer electronics, and increasing demand for materials which provide superior chemical and mechanical properties.
In this market, single walled carbon nanotubes (SWCNTs), and multi walled carbon nanotubes (MWCNTs) are used for high thermal and electrical conductivity, antistatic, and high strength solutions in various applications. Lucintel forecasts that MWCNTs will remain the largest segment and witness the highest growth due to increasing demand for high thermal and electrical conductivity agents in lithium ion batteries.
Within this market, carbon nanotubes for the energy industry will remain the largest end use segment by value and volume and it is also expected to witness highest growth due to the increasing adoption in light weight battery materials, supercapacitors, photovoltaics, and fuel cells.
Asia Pacific will remain the largest region and it is also expected to witness the highest growth over the forecast period due to growing semiconductor and electronic industry and large scale production of lithium ion batteries in this region.
Emerging trends, which have direct impact on the dynamics of the industry, include increasing demand for CNTs in OLED based display and growing adoption in applications, such as gas sensor and drug delivery carriers. Nanocyl, Nano-C/ Cnano Technology, Showa Denko, SUSN Sinotech, Arkema, Toray International, LG Chem, and OCSiAl are the major suppliers of carbon nanotubes.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global carbon nanotube market by end use industry, structure, method, and by region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Carbon Nanotube Market 2020-2025: Trends, Forecast, and Opportunity Analysis”. The Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global carbon nanotube market by end use industry, structure, method, and region as follows:
By End Use Industry [Volume (Tons) and $M shipment analysis from 2014 to 2025]:
• Electrical & Electronics
By Structure Type [Volume (Tons) and $M shipment analysis from 2014 to 2025]:
• Single walled carbon nanotubes
• Multi walled carbon nanotubes
By Method [Volume (Tons) and $M shipment analysis from 2014 to 2025]:
• Catalytic Chemical Vapor Deposition
• Chemical Vapor Deposition
By Region [Volume (Tons) and $M shipment analysis for 2014 – 2025]:
• North America
– United States
• Asia Pacific
• The Rest of the World
This 259-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or firstname.lastname@example.org. Lucintel offerings include Chemical Market Research Reports, Chemical Industry Analysis Report, Opportunity Screening and Analysis, Strategic Growth Consulting and Capital Investment Analysis.
This report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global carbon nanotube market by end use industry (energy, electrical & electronics, transportation, construction, and others), by structure (multi walled carbon nanotubes and single walled carbon nanotubes), by method (catalytic chemical vapor deposition, chemical vapor deposition, others) and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?