The global market for nanotubes was valued at USD 1,250.00 million in 2015. It is expected to reach USD xxx.xx million by 2025, at a CAGR of 17.9% during the forecast period 2016-2025. The single-walled carbon nanotubes (SWTs) are expected to reach 689.35 million by 2018 with a CAGR of 22.5%. The volume of carbon nanotubes is expected to reach XX.X tons by 2025 at a CAGR of xx.x%. Carbon nanotubes have high thermal conductivity, elasticity, tensile strength, absorbency as a result of which they have been widely used in the fields of nanotechnology, semiconductors, optics. At present the carbon nanotubes account for about 28% market share of the total nanomaterial market.
The production capacity of the carbon nanotubes is highest in the Asia-pacific region, followed by the North America and Europe. This domination of the Asia-pacific region is expected to continue as the demand for the carbon nanotubes is growing in the Asia-pacific region.
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The global Carbon Nanotubes market is dominated by a few large suppliers/producers operating in multiple industry segments. The number of companies producing carbon nanotubes is expected to double in the next five years.
Moreover, there is a lot of research being done regarding these nanotubes to enhance its properties. The number of publications being published about them has increased a lot over the last decade.
Asia-Pacific has the largest installed capacity of carbon nanotubes, mainly due to the significant presence of the electrical & electronics market in Japan, South Korea, Taiwan, China, and Singapore. Moreover, due to the industrialization and urbanization in the developing countries, the demand for the electronic products is increasing resulting in increasing usage of the carbon nanotubes.
Hence a number of developing nations notably China and India, which due to their higher population levels, will potentially be large and profitable markets for the carbon nanotubes.
The growth of this market is mainly influenced by the development of the synthesis methods, advancement in the carbon nanotubes to enhance its properties and growing applications. The increasing demand for electronic & storage devices and in the energy sector, where carbon nanotubes find extensive applications, will drive the demand for the carbon nanotubes.
The key challenge in this market is the high cost of production and purity of the carbon nanotubes. There is a baseline for the production of carbon nanotubes based on safety regulations, hence the productivity is less.
Another challenge is with the difficulty in the acquirement of patents in nanotechnology.
Some of the key vendors of the carbon nanotubes are CNano technology, Nanocyl, Covestro, Showa Denko, Arkema, carbon solutions, carbon NT&F, catalyx nanotech and CNT.
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Key questions answered in the report
· What will the market size and the growth rate be in 2022?
· What are the key factors driving this report?
· What are the key market trends impacting the growth of this report?
· What are the challenges to market growth?
· Who are the key vendors in this market space?
· What are the market opportunities and threats faced by the vendors in this report?
· Trending factors influencing the market shares of the Americas, APAC, and EMEA?
· What are the key outcomes of the five forces analysis of this report?
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