A recent report published by Infinium Global Research on carbon nanotube market provides in-depth analysis of segments and sub-segments in global as well as regional carbon nanotube market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional carbon nanotube market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global carbon nanotube market. According to the report the global carbon nanotube market is projected to grow at a CAGR of 18.7% over the forecast period of 2018-2024.
The Carbon nanotube is tube-shaped material, made of carbon. The carbon nanotubes have extraordinary mechanical electrical and physical properties that make them valuable for the various technologies including nanotechnology, electronics, optics and other fields of materials science. Carbon nanotube has a hollow structure form by the graphene. Graphene is a one-atom-thick sheet of carbon. In addition, depending upon how the graphene sheet has rolled the characteristics of carbon nanotubes can be changed.
The carbon nanotubes have high mechanical strengths and lower weight and size, as well as they, have excellent electrical properties so they are used in structural reinforcement. The numerous applications of carbon nanotubes in various end use industries such as electronics, chemical, medical and others are driving the growth of carbon nanotube market. In addition, due to the unusual thermal conductivity and electrical properties of the carbon nanotubes, these are used as additives in the formation of structural materials. Formerly, indium tin oxide coatings were used as the top layer for touchscreens, but now carbon nanotube-based films are replacing them. Furthermore, the rapidly growing use of carbon nanotubes in the manufacturing of touchscreen and transistors is likely to boost the carbon nanotubes market over the forecast period. However, the availability of substitutes such as Silicon Carbide Nanotubes (SiCNTs) and the difficult manufacturing process of carbon nanotubes are some of the factors restraining the growth of the carbon nanotubes market.
Moreover, the various major Carbon Nanotubes Market players are focusing on the research and development activity to increase the efficiency and the production capability in carbon nanotube which in turn, is projected to create several opportunities for the carbon nanotubes market.
Geographically, Asia-Pacific dominates the market of carbon nanotubes in 2017 and it is expected to grow at the fastest rate over the period of 2018-2024. Asia-Pacific region is the largest consumer of the carbon nanotubes market owing to the presence of many electronics and electrical industries in this region. In addition, growing demand carbon nanotubes application such as conductive adhesives and rubber tire reinforcement in the Asia-Pacific region is likely to boost the market growth in this region.
The report on global carbon nanotube market covers segments such as types and applications. On the basis of types, the global carbon nanotube market is categorized into single walled and multi-walled. On the basis of applications the global carbon nanotube market is categorized into electronics, chemical, polymers, medical, energy and others.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global carbon nanotube market such as Arkema S.A, Carbon Solutions Inc., CNano Technology Ltd., CNT Company Ltd., Future Carbon GmbH, Korea Kumho Petrochemical Company Ltd., Showa Denko K.K., Klean Commodities, Nanothinx S.A. and Others.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global carbon nanotube market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of carbon nanotube market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the carbon nanotube market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the carbon nanotube market to understand the present and future trends in this market and formulate their strategies accordingly.