Global Carbon Nanotubes (CNT)
Market is expected to reach USD 3.42 billion by 2022, according to
a new study by Grand View Research, Inc. Increasing application scope of CNT in
end-use industries including polymers, electronics, energy, marine, aerospace
and automotives is anticipated to drive market growth over the forecast period.
Government of China, Japan, U.S. and India have increased funding aimed at
promoting nanotechnology at domestic level which is expected to open new
avenues for CNT market over the next seven years.
Polymers were the largest
application segment, accounting for over 60% of global CNT market volume in
2014. CNT are increasingly being fortified in polymers such as composites and
plastic derivatives for improving electrical, thermal and mechanical strength
of the end product. Growing application of polymers in construction, automotive
and consumer goods industry is anticipated to have a positive impact on CNT
market over the forecast period.
Browse full research report on Carbon
Nanotubes Market: http://www.grandviewresearch.com/industry-analysis/carbon-nanotubes-cnt-market
Further key findings from the
study suggest:
- Global
CNT market demand was stood at 5,064.1 tons in 2014 and is anticipated to
exceed 20,000 tons by 2022, growing at a CAGR of over 18% from 2015 to
2020.
- Multi
walled carbon nanotubes (MWCNT) was the largest product segment,
accounting for majority market volume in 2014. Lower price in comparison
to other CNT products is expected to promote market growth.
- Asia
Pacific was the largest CNT market, accounting for over 40% of global
volume in 2014. Growing plastic and composite industries in China and
India on account of increasing domestic demand coupled with low
manufacturing cost as compared to North America and countries of EU is
anticipated to augment CNT market. Positive electronics industry outlook
in China, South Korea, Singapore, Taiwan and Japan is expected to
significantly impact CNT market over the next seven years.
- Global
CNT market was dominated by four companies, Showa Denko, Nanocyl, CNano
Technology and Future Carbon, accounting for the lions share in 2014.
Product innovation through increased R&D expenditure is anticipated to
remain a key critical success factor for CNT market over the forecast
period. High manufacturing cost is expected to remain a key challenge for
CNT market players..
Browse more reports of this
category by Grand View Research: http://www.grandviewresearch.com/industry/nanoparticles
For the purpose of this study,
Grand View Research has segmented the global CNT market on the basis of
application and region:
Global CNT Product Outlook
(Volume, Tons; Revenue, USD Million, 2012 - 2022)
- Single
Walled Carbon Nanotubes (SWCNT)
- Multi
Walled Carbon Nanotubes (MWCNT)
Global CNT Application Outlook
(Volume, Tons; Revenue, USD Million, 2012 - 2022)
- Polymers
- Energy
- Electrical
& Electronics
- Others
Global CNT Regional Outlook
(Volume, Tons; Revenue, USD Million, 2012 - 2022)
- North
America
- U.S.
- Europe
- Germany
- Latin
America
- Brazil
- Asia
Pacific
- China
- Japan
- MEA
Access press release of this
research report by Grand View Research: http://www.grandviewresearch.com/press-release/carbon-nanotubes-market
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information: www.grandviewresearch.com
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