Global Carbon Nanotubes Market Projections to 2024 – Expected to Grow at a CAGR of 19.54% with SUSN Sinotech, Showa Denko, Nanocyl, CNano Technology, and Arkema Dominating – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Carbon
Nanotubes Market – Growth, Trends, and Forecast (2019 – 2024)”

report has been added to ResearchAndMarkets.com’s
offering.

The market for carbon nanotubes is expected to grow at a CAGR of 19.54%
during the forecast period, 2019-2024.

Major factors driving the market studied are growing adoption of carbon
nanotubes and technological advances in carbon nanotubes. Various
environmental concerns and health and safety issues are expected to
hinder the growth of the market studied.

Multi-walled carbon nanotubes dominated the market in 2017, and it is
expected to grow during the forecast period, owing to the increasing
application of carbon nanotubes for battery additives, anti-static
plastic parts, textiles, epoxy composites, sports composites,
elastomers, thermoplastic additives, and thermosets.

Use of carbon nanotubes with epoxy adhesives in aerospace applications
is likely to act as an opportunity in the future.

Asia-Pacific dominated the market across the globe with the largest
consumption seen in countries, such as China and Japan.

Growing Adoption of Carbon Nanotubes

Nanotubes are playing a crucial role in technological advancements in
medicine, electronics, engineering, and various other applications.
However, the cost-efficient mass production of nanotubes has always been
a challenge.

Innovations in developing robust and reliable production methods, with
proper control and measurement at atomic scale, have surfaced
repeatedly. With reduced production time and cost, the nanotubes market
has the potential for high growth in the near future.

Common methods for industrial production are arc discharge,
high-pressure carbon monoxide disproportionation, chemical vapor
deposition (CVD), and laser ablation.

NASA’s Glenn Research Center has developed another efficient and
versatile technique to purify nanotubes by dissolving excess reactants
and catalysts in a metal chloride salt. Eliminating these residual
impurities will allow nanotubes to be more reliable and predictable.

Research on nanotubes has had a widespread impact on health,
information, energy, and many other fields, where there are major
economic benefits to the commercialization of new technologies.

The increasing adoption of novel manufacturing techniques and increasing
applications of nanotubes are driving their demand, globally, especially
in developed economies.

Asia-Pacific to Dominate the Market

Asia-Pacific dominated the market across the globe with the largest
consumption recorded by the countries, China and Japan.

China has been the largest automotive manufacturer in the world since
2009, with a current share of production of over 29%. In 2017, the
Chinese automotive industry recorded a growth of 3.19% and reached a
total of 29,015,434 units.

The aircraft parts and assembly manufacturing sector in the country is
growing at a rapid pace, with the presence of over 200 small aircraft
part manufacturers. According to Boeing, China had planned to invest USD
1.1 trillion to buy 7,240 new airplanes by 2017. Currently, the country
is running 2,185 general aviation aircraft, and it has plans to have
over 5,000 aircraft and 500 airports by 2020.

The electrical and electronics manufacturing sector is one of the most
prominent sectors in the ASEAN region. This sector accounts for nearly
30-35% of the total exports of the region. A majority of the global
consumer electronic products, such as TVs, radio, computers, and
cellular phones, are manufactured and assembled in the ASEAN countries.

The Japanese automotive industry is one of the world’s largest and
renowned automotive industries, primarily due to the investments made in
the sector, which have, in turn, enabled the growth of the industry. The
Japanese automobile industry produces the third-largest number of
vehicles in the world. It produced around 9.7 million vehicles (with an
increase of 5.31% over 2016) in 2017. The country is home to some major
automotive producers, including Yamaha, Toyota, Honda, Nissan, and
Suzuki.

Competitive Landscape

The carbon nanotubes market is partly fragmented and is dominated by
very few players. Some of the major players are SUSN Sinotech, Showa
Denko, Nanocyl, CNano Technology, and Arkema.

Key Topics Covered

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers

4.1.1 Growing Adoption of Carbon Nanotubes

4.1.2 Technological Advancements in Carbon Nanotubes

4.2 Restraints

4.2.1 Environmental Concern and Health and Safety Issues

4.2.2 Other Restraints

4.3 Industry Value Chain Analysis

4.4 Porter’s Five Forces Analysis

4.5 Patent Analysis

5 MARKET SEGMENTATION

5.1 Type

5.1.1 Multi-walled Carbon Nanotubes

5.1.2 Single-walled Carbon Nanotubes

5.1.3 Other Types

5.2 End-user Industry

5.2.1 Electronics

5.2.2 Aerospace and Defense

5.2.3 Automotive

5.2.4 Textiles

5.2.5 Healthcare

5.2.6 Energy

5.2.7 Other End-user Industries

5.3 Geography

5.3.1 Asia-Pacific

5.3.2 North America

5.3.3 Europe

5.3.4 South America

5.3.5 Middle East & Africa

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations and
Agreements

6.2 Market Share Analysis

6.3 Strategies Adopted by Leading Players

6.4 Company Profiles

6.4.1 Arkema S.A.

6.4.2 Arry International Group Limited

6.4.3 Carbon Solutions Inc.

6.4.4 Hanwha Chemical Corporation

6.4.5 Cheap Tubes

6.4.6 Hyperion Catalysis International

6.4.7 Nano-C

6.4.8 Nanocyl S.A.

6.4.9 NanoIntegris Inc.

6.4.10 Nanoshel LLC

6.4.11 OCSiAl

6.4.12 Thomas Swan & Co. Ltd.

6.4.13 Honeywell International Inc.

6.4.14 CNano Technology Limited

6.4.15 Showa Denko KK

6.4.16 CHASM Advanced Materials Inc.

6.4.17 Shenzhen Sanshun Nano New Materials Co. Ltd.

6.4.18 Korea Nanomaterials

6.4.19 Zeon Corporation

6.4.20 Toray Industries Inc.

6.4.21 Kumho Petrochemical

6.4.22 NanoLab Inc.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

7.1 Potential Uses in the Energy Sector

7.2 Rising Potential Uses in Electronic and Storage Devices

7.3 Use of Carbon Nanotubes with Epoxy Adhesives in Aerospace
Applications

For more information about this report visit https://www.researchandmarkets.com/r/l41u3

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Related
Topics: Nanotechnology,
Nanomaterials