The global carbon nanotubes market is projected to reach a value of US$ 2,215.5 Mn in 2032, with the market expanding at a prolific CAGR of 9.5% from 2022 to 2032. Predicted to reach an estimated US$ 894 Mn in 2022, the target market is driven by growing demand from various industrial verticals like electronics, plastics, and energy storage. The inherent beneficial properties of carbon nanotubes further aid the growth of the same in the global marketplace during the forecast period.
Carbon nanotubes find major application in polymers since they act as strength and weight enhancers. This boosts the demand for polymers which, in turn, has a positive impact on the target market. Further, more and more governments are investing time and money to encourage the usage of carbon nanotubes at the domestic level which is expected to facilitate growth in the carbon nanotubes market.
In addition to this, adoption of carbon nanotubes is escalating due to increasing new wind energy generation projects. An upsurge in the demand for polymers in the electronics and electrical sector also induces market growth for carbon nanotubes. Heightened demand for engineered plastics across diverse end-use industries further propels the demand for polymer. This will have a positive impact on the target market growth during 2022-2032.
Get a Sample Copy of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-78
Furthermore, superior semiconducting properties are pushing the market towards high-end applications. Carbon nanotubes are also gaining usage in replacement existing computer chips, and plastic additives. Owing to flame-retardant and environment-friendly properties, carbon nanotubes are witnessing high demand. All of these factors, in addition to others, aid the growth of the carbon nanotubes market during the projected period.
“High mechanical strength coupled with increasing usage in various end-use industries spearheads the global growth of the carbon nanotubes market over the forecast period,” says an FMI analyst.
Key Takeaways:
Competitive Landscape
Nanocyl S.A., CNano Technology Ltd., Showa Denko K.K., Arkema S.A., Bayer, MaterialScience AG, Chasm Advanced Materials Inc., Raymor Industries Inc., Klean Industries Inc., Toray Industries Inc., and Cheap Tubes among others are some of the major players in the carbon nanotubes market profiled in the full version of the report.
Leading market players are focusing on introducing and developing new products and technology. These enterprises employ strategic agreements, partnerships, mergers, and collaborations to gain a competitive advantage.
Request for Customization to Get 40% Discount on CHRISTMAS OFFER!
Key Segments Covered
By Product:
By Application:
By Region:
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
to be continued…!
Ask an Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-78
More Insights into Carbon Nanotubes Market Report
In its latest report, FMI offers an unbiased analysis of the global carbon nanotubes market, providing historical data from 2017 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (multi-walled carbon nanotubes (MWCNT), single-walled carbon nanotubes (SWCNT)), application (carbon nanotubes application in polymers, carbon nanotubes application in energy), and region.
According to the latest FMI reports, based on segmentation, the polymer application segment will make the most contribution to the growth of the global carbon nanotubes market. This segment is projected to grow at a substantial growth rate during 2022-2032. Owing to their lightweight nature, composites are gaining rapid traction which, in turn, boosts the demand for the polymer segment.
Based on region, the carbon nanotubes market in North America will exhibit considerable growth during 2022-2032. The target market in this region holds about 27.9% of the global carbon nanotubes market share. Progress in nanotechnology, increasing adoption of advanced technology, and high demand for polymer production are factors that contribute to the regional market growth. In addition, the carbon nanotubes market in Europe will account for 21.8% of the overall market share owing to growing electronics industry as well as the development of the Nanospark project. Thus, North America and Europe are two regions that are expected to present impressive growth over the forecast period
Have a Look at Related Research Reports of Chemicals & Materials Domain
Synthetic Leather Market Sales: The global synthetic leather market is expected to have garnered a market value of US$ 27.92 Billion in 2022 and is expected to accumulate a market value of US$ 50 Billion by registering a CAGR of 6% in the forecast period 2022-2032.
Polymer Coated Fabrics Market Size: The global polymer coated fabrics market size is set to be valued at around US$ 20,733.90 Mn in 2022 and is anticipated to progress at a healthy CAGR of 5.1% from 2022 to 2032.
Friction Modifier Additives Market Share: The overall sales of friction modifier additives are expected to rise at 4.3% CAGR from 2022 to 2032, reaching a valuation of US$ 2,363.1 Mn by 2032.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: [email protected]
Browse Chemical Domain Reports: https://www.futuremarketinsights.com/reports/global-carbon-nanotubes-market
The post Expansive Application in Construction & Automotive Industry Propels Carbon Nanotubes Market to US$ 2,215.5 Mn by 2032 appeared first on Future Market Insights.
Share: