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(Transportation-News.com, August 18, 2018 ) Industry Outlook and Trend Analysis
The Carbon Nanotubes market was valued around USD 2.36 billion in 2014 and is expected to reach approximately USD 8.43 billion by the end of 2022 while registering itself at a compound annual growth rate (CAGR) of 14.94% during the forecast period. The Global carbon nanotubes (CNT) market is expected to witness development because of developing application extent of nanomaterials in hardware, plastics and vitality stockpiling applications. Great administrative help proposed for advancing nanotechnology at residential level by legislatures of Japan, United States, and nations of European Union has assumed a critical part in expanding significance of nanomaterials in the course of recent years. Carbon nanotubes are extensively utilized in polymers as composite fiber with the aim of enhancing the mechanical, electrical and thermal properties of the products. Developing polymer production by virtue of expanding application scope in construction and automotive ventures in rising economies including Brazil, India, China and the Middle East is foreseen to enlarge carbon nanotubes market over the estimate time frame. Carbon nanotubes are covered with silicone and are utilized in the manufacturing of lithium-ion batteries as it accelerates the efficiency of the battery by ten times. Application development of lithium-ion battery in the network and sustainable power source storage is probably going to fuel carbon nanotubes market growth. The governments of countries like India, Australia, China and Mexico have raised the capital for improving domestic manufacturing output of solar power. Developing requirement for inorganic and boron nitride nanotubes because of high crystalline nature when contrasted with carbon partners is expected to represent a solid risk to the market development. Administrative efforts towards inhibiting volatile organic compounds (VOCs) emissions along with implementation of hygienic development are anticipated to spur the market growth.
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Product Outlook and Trend Analysis
In 2014, Multi-walled carbon nanotubes (MWCNT) was the leading product segment which was globally consumed, while Single wall carbon nanotubes (SWCNT) product consisted of a mere chunk of global share in 2015. MWCNT market is predicted to flourish and garner a substantial CAGR during the forecast period. In the past few years, several industries are favoring polymers instead of metals. Nevertheless, metals are still preferred as compared to plastics wherever electrical conductivity is necessary. These render characteristically long conductive pathways at a reduced loadings that gives many advantages like improved higher retention and better mechanical properties in comparison to polymers. SWCNT are probably entrants for electronics due to their high electrical conductivity that portrays semiconducting or metallic physiognomies. Additionally, SWCNT are basic level building blocks that are put to use in electrical wires. Apart from being great conductors for electricity having thin diameter, they are preferred for most of the electrical applications. MWCNT is ascendingly impelled in engineered polymers like polyetheretherketone (PEEK), polycarbonate (PC) and polyetherimide (PEI), accounting to dispersing static electricity and raising resistance towards airborne contamination. The fact that the production of SWCNT is not very cost efficient is predicted to hinder the growth of this segment in the coming years.
Application Outlook and Trend Analysis
Carbon nanotubes (CNT) were widely employed in polymers, reporting for around 60% share of global market in the year 2014. Engineered polymers’ application expansion in automotive and construction industries is anticipated to boost the demand of carbon nanotubes (CNT). Rising composites’ popularity owing to its beneficial property such as light in weight is anticipated to enhance the market demand for carbon nanotubes in polymers. Carbon nanotubes show excellent optoelectronic and good conductivity properties, which is projected to elevate its requirement in electronics and electrical applications. Increasing significance of energy production through alternative options such as the wind and solar energy is predicted to endorse the task of wind turbines and solar cells. Rising demand for wind turbines and solar cells is likely to boost the growth of CNT market during the forecast years. Moreover, carbon nanotubes based diodes might be used for computer chips to eliminate heat owing to their distinctive thermal transmission characteristic.
Regional Outlook and Trend Analysis
Asia-Pacific is relied upon to stay as one of the biggest markets in 2014 because of developing polymer industry in India and China. Rising production of electronics in South Korea, China, Japan and Singapore is anticipated to have a positive influence on the carbon nanotube market. The legislature of India declared National Solar Mission, planned for expanding generation yield of sunlight based power and advancing new interests in the assembling of sun based cells. This is anticipated to spur the requirement of carbon nanotubes in India for the manufacturing of solar cells. North America is anticipated to be an auspicious market owing to the presence of major manufacturing of engineered polymers like PEEK in the United States. The government of Mexico declared National Infrastructure Plan (NIP), for boosting vitality and hardware parts at a domestic level, which is probably going to positively affect carbon nanotubes market.
Competitive Outlook and Trend Analysis
Global carbon nanotubes market share is discreetly divided owing to the prevalence of huge number of small and medium sized industry players. Reduced feasibility pertaining to business because of costly manufacturing is predicted to be the factors which will concern the market players. Chief industry players are CNano Technology Limited, Arkema SA, Korea Kumho Petrochemical Company Ltd, Hanwha Nanotech Corporation, and Nanocyl SA. A few other noticeable players are Showa Denko K.K., Carbon Solutions, Inc., Continental Carbon Nanotechnologies, Future Carbon GmbH, Raymor Industries Inc., CNT Co., Hyperion Catalysis International Inc., Klean Commodities, Nanothinx S.A.
Increasing penetration of a large number of companies in Russia and China for the production of carbon nanotubes at reduced cost is anticipated to double the market competitiveness. Moreover, few companies like Hanwha Nanotech Corporation and Arkema SA are recessively incorporated, wherein they manufacture the raw materials. For example, Arkema SA employs agricultural ethanol as the prime feedstock for production purpose.
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The global Carbon Nanotubes Market is segmented as follows -
By Product Type
Single-Walled Carbon Nanotubes (SWCNTS)
Multi-Walled Carbon Nanotubes (MWCNTS)
By Method
Physical Process
Chemical Process
Miscellaneous Process
Chemical Vapor Deposition
Catalytic Chemical Vapor Deposition
High Pressure Carbon Monoxide
Other Methods
By Application
Chemical & Polymers
Energy
Aerospace & Defense
Electronics & Semiconductors
Medical Application
Batteries & Capacitors
Advanced Materials Application
By Region:
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others
Some of the key questions answered by the report are:
What was the market size in 2012 and forecast from 2013 to 2022?
What will be the industry market growth from 2013 to 2022?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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Qurate Business Intelligence
Nehal Chinoy
+919881074592
nehal@qurateresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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