Carbon nanotubes have been present in the technological world for over a decade and have suffered a depression in commercial market in the recent past. But their variable characteristics have managed to pull them back into the game. Carbon nanotubes (CNT), lightweight materials with graphene as their base, are in the form of roughage like tubes which can be manipulated chemically and physically to suit the purpose of the industry. Carbon nanotubes have been widely used in conductive plastics and batteries and their application has a much wider variety across different industries, such as material science, electronics, chemical processing, and energy management among others.
Carbon nanotubes have a great potential to be applied across every technology. They are constantly changing the dynamics of polymer, energy and electronics and semiconductor industry. They have also enabled us to realise the dream of space elevator. Since the advent of graphene, CNT had lost its mark on the market, but now it is gaining pace towards a positive growth due to decreased prices of Multiwall Carbon nanotubes (MWCNT). CNTs are extremely strong, after being weaved together, with high tensile strength, chemical resistance, better electrical conductivity than silver and better thermal conductivity than diamond. The CNT market is evolving as new application ideas are coming to the fore in the technological industry and hence, carbon nanotubes are making their way towards practical and commercial use.
Due to the vast applicability of CNT, the carbon nanotube market is gaining pace rapidly, despite the threat from graphene in conductive applications and from Nano cellulose in composites. The increasing need of CNT in polymer industry, electronics and semiconductor industry, and energy industry has helped the CNT market to hold a substantial position in the materials market. Since the CNTs have a wide variety of applications, they are even used in tennis racket, golf clubs, car fenders, energy storage, automotive parts, boat hulls, sporting goods, water filters, thin-film electronics, coatings, actuators, electromagnetic shields and wire alternatives. But the most promising market for CNTs are in electronic industry, namely transparent conductors, battery additives and transistors as they are a viable alternative to Indium Tin Oxide in transparent conductors and a principal alternative to silicon in transistors.
Carbon nanotubes are actively dominating the nanotechnology engineering market and are an emerging technology. They have an immense potential to handle and control other Nano-scale structures. According to BIS Research, the global CNT market, worth $700 million in 2015, is estimated to grow at a CAGR of 16.8% over the period of 2016-2022. One of the major reasons for the growth of this market is the wide variety applications it offers. Asia was the largest market for CNT in 2015, and this trend is expected to continue in the coming years. Some of the major players in the global CNT market are: Arkema, Nanocyl, Cnano Technology, Showa Denko, Hanwha Chemical, Hodogaya Chemical, Times Nano, Carbon Solutions, Cnt Co Ltd, Hyperion Catalysis International, Arry International, OCSiAl, Thomas Swan & Co Ltd, Kumho Petrochemical, Ube Industries, Continental Carbon Nanotechnologies, Klean Commodities, Nano-C and Zyvex Technologies.
BIS Research has done an extensive market research report on ‘Global Carbon Nanotube Market’. The market analysis report will provide an in-depth analysis of the key development strategies, marketing strategies and market trend dynamics which includes drivers, restraints and opportunities prevailing in the industry. For further queries, please write to us at [email protected] or call us at: +1 650 228 0182.