Report Overview

Global Carbon Nanotubes (CNT) Market - Industry Trends & Forecast Report 2028

The global Carbon Nanotubes (CNT) Market was worth USD 5,331.5 Million in 2021, and it is further projected to reach USD 10,530.4 Million by 2028, growing at a CAGR of 10.6% during 2022-2028 (forecast period). The market growth of carbon nanotubes is driven by growing demand for lightweight structural polymer composites and antistatic packaging from automotive, electronics, energy and industrial end-users. Moreover, carbon nanotubes-based products materials are used in fuel pumps, fuel filter housings, connectors, reservoirs, line clips, and electronic housings.  CNTs are also used in the electrical & electronics industry to produce electromagnetic interference (EMI) shielding composites and antistatic packaging materials. CNTs have also demonstrated better EMI shielding properties due to their high aspect ratio, higher strength, flexibility, and low density, making them ideal fillers and promoting their adoption across wide range of industries.

Carbon Nanotubes Overview

Carbon nanotubes belong to the class of minuscule allotropes of carbon with sizes on the scale of nanometres. Carbon nanotube's electrical, thermal and physical properties make them supreme for the majority of industrial applications. Carbon nanotubes possess excellent properties such as high tensile strength, effective electrical conductivity, and the ability to bear high temperatures and adverse climatic conditions. Carbon nanotubes are used in various industrial applications, including polymers, electronics, medicine, aerospace, defense, automotive, and energy.

Carbon Nanotubes Market Trends

Growth Drivers

Rapidly Growing Aerospace Sector Driving Carbon Nanotubes Market

The rise in the aerospace industry is likely to accelerate market growth globally for the Carbon nanotubes market. Most aircraft manufacturers strive to make aerospace components more inflexible, lifelong, and tough the risks in flying. The aerospace industry focuses on lowering the weight of parts to improve fuel efficiency and minimize aircraft operating costs. The fuselage of a modern and advanced aircraft is formed from various sheets of carbon nanotubes employed in the aerospace industry to improve characteristics and overall aeroplane performance. According to ICAO’s preliminary compilation of annual global statistics, the total number of passengers carried on scheduled services raised to 4.5 billion in 2019, which was 3.6% higher than the year before, while the number of departures reached 38.3 million in 2019, a 1.7% increase. The continuously growing aerospace sector has directly resulted in the growth of the global carbon nanotubes market.

Rising Demand for Lightweight and Low Carbon-Emitting Vehicles

The regular vehicle contains more than 55 pounds of copper; most of it is an electrical wire. Reducing the amount of copper used in automobiles can significantly lower the total weight of the vehicle and minimize fuel consumption and carbon emissions. Carbon nanotubes are emerging as a lightweight alternative to copper wire due to the increasing demand for lightweight vehicles having good fuel efficiency and low carbon emission; manufacturers are increasingly using CNTs as a lightweight alternative to copper. According to NASA, computer modeling analysis has shown that composites using carbon nanotube reinforcements could lead to a 30% reduction in the total mass of a launch vehicle. These factors have resulted in the growth of the global carbon nanotubes market.

Restraints

Environmental Concern Coupled with Health & Safety Issues Associated with Carbon Nanotubes

Carbon nanotubes are increasingly being found in a variety of items, ranging from tennis rackets to solar cells, and growing amounts are being released into the environment. The environmental impact of these nanotubes is still mostly unclear. CNTs also have a negative impact on the growth of algae. High concentrations of nanotubes form a coating that partially blocks sunlight and encourages algae to pack together, depriving them of light and space, causing them to discharge toxins into drinking water, causing disease in animals and humans. Due to the numerous negative effects, various regulatory organizations have created laws governing the manufacture of CNTs. The factors mentioned above are expected to impede market growth during the forecast period.

Impact of COVID-19 on Global Carbon Nanotubes Market

COVID-19 has had a major economic influence on a number of financial and industrial sectors, including travel and tourism, manufacturing, and aviation. According to the World Bank and IMF, the biggest economic recession will occur between 2020 and 2021. (International Monetary Fund). Economic activity is diminishing as a result of an increasing number of countries implementing and extending lockdowns, which influences the global economy. Due to the restrictions on movement and ban on all types of travel, shut down the aerospace, automotive, and electronics industries resulted in lowering the demand and growth of carbon nanotubes globally, impacting the global carbon nanotubes market adversely.

Global Carbon Nanotubes Market – By Product Type

Based on product type, the market is segmented into the following two categories:  single-walled carbon nanotubes and multi-walled carbon nanotubes. Amidst the segmentation, the multi-walled carbon nanotubes (MWCNT) type segment accounts for the largest share in the global carbon nanotubes market. MWCNT also has high electrical conductivity and is used in conductive transparent electrodes, nanodevices, displays, chemical sensors, super batteries, solar power cells, thermal interface materials, and other applications. MWCNT can be easily spread on polymeric materials to increase mechanical qualities and reduce component weight without compromising performance.

Global Carbon Nanotubes Market – By Applications

The carbon nanotubes market can be categorized into electronics and electrical, plastics and composite chemical, batteries, energy, medical, and others in terms of applications. Amidst the segmentation, the electronics and electrical segment shares the largest revenue of the carbon nanotubes market. Carbon nanotubes have generated a lot of attention due to their unique electrical properties for organic materials. They have a lot of potential in electrical and electronic applications such as photovoltaics, sensors, semiconductor devices, displays, and conductors.

Global Carbon Nanotubes Market - Regional Insights

The global carbon nanotubes market fragmented into North America, Europe, Asia Pacific, Latin America, the Middle East, And Africa in terms of regional insights. Amidst the segmentation, the Asia-Pacific is expected to dominate the global carbon nanotubes market during the forecast period 2022-2028. The Asia-Pacific region led the global market, with China and Japan recording the highest consumption levels. Consumer electronics sector statistics and growth rates constantly change, with Asia's top markets leading the charge. It is projected that Asia's electronics industry, driven by China, India, and Malaysia, will continue to develop and enhance its share in the worldwide market in the future years.

Competitive Landscape

The global Carbon Nanotubes market is characterized by the presence of many local, regional, and global vendors. The Carbon Nanotubes market is highly competitive, with all the players continually competing to gain a larger market share. The key players operating in the global carbon nanotubes are Cabot Corporation, Arkema SA, CHEAPTUBES, CHASM Advanced Materials Inc., Jiangsu Tiannai Technology Co. Ltd., Hyperion Catalysis International, Kumho Petrochemical, Klean Industries, Nano-C, LG Chem., Nanostructured & Amorphous Materials Inc., Nopo Nanotechnologies, Raymor Industries, Ossila Ltd., Thomas Swan and Co. Ltd., Showa Denko K.K., Tokyo Chemical Industry Co. Ltd., Toray Industries and other prominent players.

Recent Development

• March 2021: Cabot Corp. had introduced a new ENERMAX6 carbon nanotube in its series. This ENERMAX6 can improve battery performance at lower loads, allowing the cell to have a higher energy density.

• In April 2020: Fujitsu Laboratories Ltd. announced the world's first carbon nanotube-based adhesive sheet. These sticky sheets are flexible, making them simple to cut and use on a variety of surfaces. Furthermore, this technique has the potential to increase the practicality and cost-effectiveness of power modules for electric vehicles.

Scope of Report

By Product Type

• • •  
• Single-Walled Carbon Nanotubes
• Multi-Walled Carbon Nanotubes

By Methods

• • •  
• Chemical Vapour Deposition
• Catalytic Chemical Vapour Deposition
• High-Pressure Carbon Monoxide

By Application

• • •  
• Electronics and electrical
• Plastics and composite
• Chemical
• Batteries
• Energy
• Medical
• Others

By Region

• • •  
• North America
• Europe
• The Asia Pacific
• Latin America
• The Middle East and Africa

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumption & Limitation
3. Executive Summary
4. Global Carbon Nanotubes Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   3. Technological Landscape/Recent Development
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
5. Global Carbon Nanotubes Market Overview
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
         1. Single Walled Carbon Nanotubes
         2. Multi Walled Carbon Nanotubes
      2. By Method
         1. Chemical Vapor Deposition
         2. Catalytic Chemical Vapor Deposition
         3. High-Pressure Carbon Monoxide
      3. By Application
         1. Electronics and electrical
         2. Plastics and composite
         3. Chemical
         4. Batteries
         5. Energy
         6. Medical
         7. Others
      4. By Region
         1. North America
         2. Europe
         3. The Asia Pacific
         4. Latin America
         5. The Middle East and Africa
6. North America Carbon Nanotubes Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
      2. By Method
      3. By Application
      4. By Country
         1. United States
         2. Canada
7. Europe Carbon Nanotubes Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
      2. By Method
      3. By Application
      4. By Country
         1. Germany
         2. United Kingdom
         3. Italy
         4. France
         5. Spain
         6. Rest of Europe
8. The Asia Pacific Carbon Nanotubes Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
      2. By Method
      3. By Application
      4. By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Rest of Asia Pacific
9. Latin America Carbon Nanotubes Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
      2. By Method
      3. By Application
      4. By Country
         1. Brazil
         2. Mexico
         3. Rest of Latin America
10. The Middle East & Africa Carbon Nanotubes Market
    1. Market Size & Forecast by Value, 2018-2028
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Product Type
       2. By Method
       3. By Application
       4. By Country
          1. Saudi Arabia
          2. UAE
          3. South Africa
          4. Rest of Middle East & Africa
11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Merger, Acquisition, Partnership.)
12. Impact of Covid-19 on Global Carbon Nanotubes Industry
13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
    1. Cabot Corporation
    2. Arkema SA
    3. CHEAPTUBES
    4. CHASM Advanced Materials Inc.
    5. Jiangsu Tiannai Technology Co. Ltd.
    6. Hyperion Catalysis International
    7. Kumho Petrochemical
    8. Klean Industries
    9. Nano-C
    10. LG Chem
    11. Nanostructured & Amorphous Materials Inc.
    12. Nopo Nanotechnologies
    13. Raymor Industries
    14. Ossila Ltd.
    15. Thomas Swan and Co. Ltd.
    16. Showa Denko K.K.
    17. Tokyo Chemical Industry Co. Ltd.
    18. Toray Industries.
    19. Other Prominent Players.
14. Key Strategic Recommendations

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List of Figures

Figure 1        Global Carbon Nanotubes Market Segmentation

Figure 2        Global Carbon Nanotubes Market Value Chain Analysis

Figure 3        Company Market Share Analysis, 2021

Figure 4        Global Carbon Nanotubes Market Size, By Value (USD Million), 2018-2028

Figure 5        Global Carbon Nanotubes Market Share, By Product Type, By Value, 2018-2028

Figure 6        Global Carbon Nanotubes Market Share, By Methods, By Value, 2018-2028

Figure 7        Global Carbon Nanotubes Market Share, By Applications, By Value, 2018-2028

Figure 8        Global Carbon Nanotubes Market Share, By Region, By Value, 2018-2028

Figure 9        North America Carbon Nanotubes Market Size, By Value (USD Million), 2018-2028

Figure 10       North America Carbon Nanotubes Market Share, By Product Type, By Value, 2018-2028

Figure 11       North America Carbon Nanotubes Market Share, By Methods, By Value, 2018-2028

Figure 12       North America Carbon Nanotubes Market Share, By Applications, By Value, 2018-2028

Figure 13       North America Carbon Nanotubes Market Share, By Country, By Value, 2018-2028

Figure 14       Europe Carbon Nanotubes Market Size, By Value (USD Million), 2018-2028

Figure 15       Europe Carbon Nanotubes Market Share, By Product Type, By Value, 2018-2028

Figure 16       Europe Carbon Nanotubes Market Share, By Methods, By Value, 2018-2028

Figure 17       Europe Carbon Nanotubes Market Share, By Applications, By Value, 2018-2028

Figure 18       Europe Carbon Nanotubes Market Share, By Country, By Value, 2018-2028

Figure 19       The Asia-Pacific Carbon Nanotubes Market Size, By Value (USD Million), 2018-2028

Figure 20       The Asia-Pacific Carbon Nanotubes Market Share, By Product Type, By Value, 2018-2028

Figure 21       The Asia-Pacific Carbon Nanotubes Market Share, By Methods, By Value, 2018-2028

Figure 22       The Asia-Pacific Carbon Nanotubes Market Share, By Applications, By Value, 2018-2028

Figure 23       The Asia-Pacific Carbon Nanotubes Market Share, By Country, By Value, 2018-2028

Figure 24       Latin America Carbon Nanotubes Market Size, By Value (USD Million), 2018-2028

Figure 25       Latin America Carbon Nanotubes Market Share, By Product Type, By Value, 2018-2028

Figure 26       Latin America Carbon Nanotubes Market Share, By Methods, By Value, 2018-2028

Figure 27       Latin America Carbon Nanotubes Market Share, By Applications, By Value, 2018-2028

Figure 28       Latin America Carbon Nanotubes Market Share, By Country, By Value, 2018-2028

Figure 29       The Middle East & Africa Carbon Nanotubes Market Size, By Value (USD Million), 2018-2028

Figure 30       The Middle East & Africa Carbon Nanotubes Market Share, By Product Type, By Value, 2018-2028

Figure 31       The Middle East & Africa Carbon Nanotubes Market Share, By Methods, By Value, 2018-2028

Figure 32       The Middle East & Africa Carbon Nanotubes Market Share, By Applications, By Value, 2018-2028

Figure 33       The Middle East & Africa Carbon Nanotubes Market Share, By Country, By Value, 2018-2028

Figure 34       The Middle East & Africa Carbon Nanotubes Market Share, By Country, By Value, 2018-2028

List of Tables

Table 1         Global Carbon Nanotubes Market Size, By Product Type, By Value, 2018-2028

Table 2         Global Carbon Nanotubes Market Size, By Method, By Value, 2018-2028

Table 3         Global Carbon Nanotubes Market Size, By Application, By Value, 2018-2028

Table 4         Global Carbon Nanotubes Market Size, By End User, By Value, 2018-2028

Table 5         Global Carbon Nanotubes Market Size, By Region, By Value, 2018-2028

Table 6         North America Carbon Nanotubes Market Size, By Product Type, By Value, 2018-2028

Table 7         North America Carbon Nanotubes Market Size, By Method, By Value, 2018-2028

Table 8         North America Carbon Nanotubes Market Size, By Application, By Value, 2018-2028

Table 9         North America Carbon Nanotubes Market Size, By End User, By Value, 2018-2028

Table 10        North America Carbon Nanotubes Market Size, By Country, By Value, 2018-2028

Table 11        Europe Carbon Nanotubes Market Size, By Product Type, By Value, 2018-2028

Table 12        Europe Carbon Nanotubes Market Size, By Method, By Value, 2018-2028

Table 13        Europe Carbon Nanotubes Market Size, By Application, By Value, 2018-2028

Table 14        Europe Carbon Nanotubes Market Size, By End User, By Value, 2018-2028

Table 15        Europe Carbon Nanotubes Market Size, By Country, By Value, 2018-2028

Table 16        The Asia-Pacific Carbon Nanotubes Market Size, By Product Type, By Value, 2018-2028

Table 17        The Asia-Pacific Carbon Nanotubes Market Size, By Method, By Value, 2018-2028

Table 18        The Asia-Pacific Carbon Nanotubes Market Size, By Application, By Value, 2018-2028

Table 19        The Asia-Pacific Carbon Nanotubes Market Size, By End User, By Value, 2018-2028

Table 20        The Asia-Pacific Carbon Nanotubes Market Size, By Country, By Value, 2018-2028

Table 21        Latin America Carbon Nanotubes Market Size, By Product Type, By Value, 2018-2028

Table 22        Latin America Carbon Nanotubes Market Size, By Method, By Value, 2018-2028

Table 23        Latin America Carbon Nanotubes Market Size, By Application, By Value, 2018-2028

Table 24        Latin America Carbon Nanotubes Market Size, By End User, By Value, 2018-2028

Table 25        Latin America Carbon Nanotubes Market Size, By Country, By Value, 2018-2028

Table 26        The Middle East & Africa Carbon Nanotubes Market Size, By Product Type, By Value, 2018-2028

Table 27        The Middle East & Africa Carbon Nanotubes Market Size, By Method, By Value, 2018-2028

Table 28        The Middle East & Africa Carbon Nanotubes Market Size, By Application, By Value, 2018-2028

Table 29        The Middle East & Africa Carbon Nanotubes Market Size, By End User, By Value, 2018-2028

Table 30        The Middle East & Africa Carbon Nanotubes Market Size, By Country, By Value, 2018-2028

Table 31        Cabot Corporation Company Overview

Table 32        Cabot Corporation Financial Overview

Table 33        Arkema SA Company Overview

Table 34        Arkema SA Financial Overview

Table 35        CHASM Advanced Materials Inc. Company Overview

Table 36        CHASM Advanced Materials Inc. Financial Overview

Table 37        Jiangsu Tiannai Technology Co. Ltd. Company Overview

Table 38        Jiangsu Tiannai Technology Co. Ltd. Financial Overview

Table 39        Kumho Petrochemical Company Overview

Table 40        Kumho Petrochemical Financial Overview

Table 41        Nano-C Company Overview

Table 42        Nano-C Financial Overview

Table 43        LG Chem Company Overview

Table 44        LG Chem Financial Overview

Table 45        Nanostructured & Amorphous Materials Inc. Company Overview

Table 46        Nanostructured & Amorphous Materials Inc. Financial Overview

Table 47        Nopo Nanotechnologies Company Overview

Table 48        Nopo Nanotechnologies Financial Overview

Table 49        Raymor Industries Company Overview

Table 50        Raymor Industries Financial Overview

Table 51        Ossila Ltd. Company Overview

Table 52        Ossila Ltd. Financial Overview

Table 53        Thomas Swan and Co. Ltd. Company Overview

Table 54        Thomas Swan and Co. Ltd. Financial Overview

Table 55        Showa Denko K.K. Company Overview

Table 56        Showa Denko K.K. Financial Overview

Table 57        Tokyo Chemical Industry Co. Ltd. Company Overview

Table 58        Tokyo Chemical Industry Co. Ltd. Financial Overview

Table 59        Toray Industries. Company Overview

Table 60        Toray Industries. Financial Overview