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
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.
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