A quick peek into the report
Table of Contents
1.1 | Scope of the Report |
1.2 | Global Carbon Nanotube Market Research Methodology |
1.2.1 | Assumptions and Limitations |
1.2.2 | Primary Research |
1.2.3 | Secondary Research |
1.2.4 | Data Triangulation |
1.2.5 | Data Analysing & Market Estimation |
1.2.6 | Stakeholders |
1.2.7 | Influencing Factors |
2.1 | Introduction |
2.2 | Drivers |
2.2.1 | Remarkable Properties |
2.2.2 | Heavy Demand from Varied End Use Application Verticals |
2.2.3 | Advancement in Technology and Possibility of Viable Future |
2.3 | Restraints |
2.3.1 | High Production Cost |
2.3.2 | Health Care and Safety |
2.3.3 | Purification Requirements |
2.4 | Opportunities |
2.4.1 | Opportunities in Emerging Applications |
2.4.2 | Increasing Application Areas with Decrease in Price of CNTs |
2.4.3 | Opportunities in Emerging Economies |
3.1 | Introduction |
3.2 | New Product Launches and Product Developments |
3.2.1 | Business Expansions |
3.2.2 | Mergers and Acquisitions |
3.2.3 | Partnerships, Agreements and Collaborations |
3.2.4 | Other Developments |
3.3 | Player Share Analysis |
3.3.1 | Global CNT Player Share Analysis |
3.3.2 | SWCNT Player Share Analysis |
3.4 | R & D Analysis of Leading Players in Carbon Nanotube Market |
3.5 | Production and Production Capacity Analysis by Industry Players |
4.1 | Supply Chain/ Value Chain Analysis |
4.2 | Porter’s Five Forces Analysis |
4.2.1 | Bargaining Power of Buyers (Moderate-High) |
4.2.2 | Bargaining Power of Suppliers (Low-Moderate) |
4.2.3 | Threat of Substitutes (Low) |
4.2.4 | Threat of New Entrants (High) |
4.2.5 | Intensity of Competitive Rivalry (Moderate-High) |
4.3 | Pricing Analysis |
4.4 | Future Trends and Developments in Carbon Nanotubes Market |
5.1 | Introduction |
5.2 | Global Carbon Nanotube Market, by Type |
5.3 | Single Walled Carbon Nanotubes (SWCNTs) |
5.3.1 | Single Walled Carbon Nanotube Market, by Region |
5.3.2 | Single Walled Carbon Nanotube Market, by Application |
5.4 | Multi Walled Carbon Nanotubes (MWCNTs) |
5.4.1 | Multi Walled Carbon Nanotubes Market, by Region, (2016-2022) |
5.4.2 | Multi Walled Carbon Nanotubes Market, by Application, (2016-2022) |
6.1 | Global Carbon Nanotube Market Size by Application |
6.1.1 | Polymer Application Market Overview |
6.1.2 | Electronics & Semiconductor Application Market Overview |
6.1.3 | Energy Application Market Overview |
6.1.4 | Others Application Market overview |
7.1 | Introduction |
7.2 | Global Carbon Nanotube Market by Region |
7.2.1 | North America |
7.2.1.1 | The US |
7.2.2 | Europe |
7.2.2.1 | Germany |
7.2.2.2 | Italy |
7.2.2.3 | France |
7.2.2.4 | United Kingdom |
7.2.3 | Asia-Pacific (APAC) |
7.2.3.1 | China |
7.2.3.2 | Japan |
7.2.3.3 | South Korea |
7.2.3.4 | India |
7.2.4 | Rest of the World (RoW) |
8.1 | Arkema S.A |
8.1.1 | Company Overview |
8.1.2 | Financials |
8.1.2.1 | Overall Financials |
8.1.2.2 | Geographic Revenue Mix |
8.1.2.3 | Business Segment Revenue Mix |
8.1.2.4 | Revenue Forecast by Region and Application,2020 |
8.1.2.5 | Financial Summary |
8.1.3 | SWOT Analysis |
8.2 | Showa Denko K.K |
8.2.1 | Company Overview |
8.2.2 | Financials |
8.2.2.1 | Overall Financials |
8.2.2.2 | Geographic Revenue Mix |
8.2.2.3 | Business Segment Revenue Mix |
8.2.2.4 | Financial Summary |
8.2.3 | SWOT Analysis |
8.3 | Cnano Technology Limited |
8.3.1 | Company Overview |
8.3.2 | About Cnano Technologies Ltd |
8.3.2.1 | Product Portfolio |
8.3.2.2 | Applications Overview |
8.3.2.3 | Overall Summary |
8.3.3 | SWOT Analysis |
8.4 | Nanocyl S.A |
8.4.1 | Company Overview |
8.4.2 | About Nanocyl S.A |
8.4.2.1 | Product Portfolio |
8.5 | Toray Industries Inc. |
8.5.1 | Company Overview |
8.5.2 | Financials |
8.5.2.1 | Overall Financials |
8.5.2.2 | Geographic Revenue Mix |
8.5.2.3 | Business Segment Revenue Mix |
8.5.2.4 | Financial Summary |
8.5.3 | SWOT Analysis |
8.6 | Hanwha Chemical Corporation |
8.6.1 | Company Overview |
8.6.2 | Financials |
8.6.2.1 | Overall Financials |
8.6.2.2 | Geographical Revenue Mix |
8.6.2.3 | Business Segment Revenue Mix |
8.6.2.4 | Financial Summary |
8.6.3 | SWOT Analysis |
8.7 | Kumho Petrochemical Co Ltd. |
8.7.1 | Company Overview |
8.7.2 | Financials |
8.7.2.1 | Overall Financials |
8.7.2.2 | Geography Revenue Mix |
8.7.2.3 | Business Segment Revenue Mix |
8.7.2.4 | Financial Summary |
8.7.3 | SWOT Analysis |
8.8 | Hodogaya Chemical Co Ltd |
8.8.1 | Company Overview |
8.8.2 | Financials |
8.8.2.1 | Overall Financials |
8.8.2.2 | Financial Summary |
8.8.3 | SWOT Analysis |
8.9 | Ube Industries Ltd (Japan) |
8.9.1 | Company Overview |
8.9.2 | Financials |
8.9.2.1 | Overall Financials |
8.9.2.2 | Business Segment Revenue Mix |
8.9.2.3 | Financial Summary |
8.9.3 | SWOT Analysis |
8.10 | Times Nano |
8.10.1 | Company Overview |
8.10.2 | About the Company |
8.11 | Carbon Solutions, Inc. |
8.11.1 | Company Overview |
8.11.2 | About the Company |
8.12 | Cheap Tubes Inc. |
8.12.1 | Company Overview |
8.12.2 | About the Company |
8.13 | Cnt Co. Ltd. |
8.13.1 | Company Overview |
8.13.2 | About the Company |
8.14 | Hyperion Catalysis International Inc. |
8.14.1 | Company Overview |
8.14.2 | About the Company |
8.15 | Arry International Group Ltd |
8.15.1 | Company Overview |
8.15.2 | About the Company |
8.16 | Continental Carbon Nanotechnologies Inc. |
8.16.1 | Company Overview |
8.16.2 | About the Company |
8.17 | Klean Commodities Inc. |
8.17.1 | Company Overview |
8.17.2 | About the Company |
8.18 | Nano-C Inc. |
8.18.1 | Company Overview |
8.18.2 | About the Company |
8.19 | OCSiAl LLC |
8.19.1 | Company Overview |
8.19.2 | About the Company |
8.20 | Thomas Swan & Co Ltd (U.K) |
8.20.1 | Company Overview |
8.20.2 | About the Company |
8.21 | Zyvex Technologies |
8.21.1 | Company Overview |
8.21.2 | About the Company |
Table 2.1 | Comparison of Mechanical Properties of CNTs with other String Materials |
Table 2.2 | Summary of CNT-Enabled Applications |
Table 3.1 | Product Launch and Development |
Table 3.2 | Business Expansions |
Table 3.3 | Mergers and Acquisitions |
Table 3.4 | Partnerships, Agreements and Collaborations |
Table 3.5 | Other Developments |
Table 3.6 | CNT R&D Investment Analysis |
Table 3.7 | CNT Key Player’s Production Capacity Overview: 2015 |
Table 5.1 | Global Carbon Nanotube Market Size, by Type ($ Million), 2015-2022 |
Table 5.2 | Global Carbon Nanotube Market Size, by Type (Metric Tons), 2015-2022 |
Table 5.3 | Single Walled Carbon Nanotubes Market Size, by Region, ($ Million) 2015-2022 |
Table 5.4 | Single Walled Carbon Nanotubes Market Size, by Region, (Metric Tons), 2015-2022 |
Table 5.5 | Single Walled Carbon Nanotubes Market Size, by Application, ($ Million), 2015-2022 |
Table 5.6 | Single Walled Carbon Nanotubes Market Size, by Application, (Metric Tons), 2015-2022 |
Table 5.7 | Multi Walled Carbon Nanotubes Market Size, by Region, ($ Million), 2015-2022 |
Table 5.8 | Multi Walled Carbon Nanotubes Market Size, by Region, (Metric Tons), 2015-2022 |
Table 5.9 | Multi Walled Carbon Nanotubes Market Size, by Application, ($ Million), 2015-2022 |
Table 5.10 | Multi Walled Carbon Nanotubes Market Size, by Application, (Metric Tons), 2015-2022 |
Table 6.1 | Global Carbon Nanotube Market Size by Application, $ Million (2015 – 2022) |
Table 6.2 | Global Carbon Nanotube Market Size by Application, Metric Tons (2015 – 2022) |
Table 6.3 | Carbon Nanotube Market Size in Polymer Application (2015 – 2022) |
Table 6.4 | Global Carbon Nanotube Market for Electronic & Semiconductor Application (2015 – 2022) |
Table 6.5 | Carbon Nanotube Market Size for Energy Application (2015 – 2022) |
Table 6.6 | Carbon Nanotube Market Size in Others Application (2015 – 2022) |
Table 7.1 | Global Carbon Nanotube Market by Region, $ Million (2015 – 2022) |
Table 7.2 | Global Carbon Nanotube Market by Region, Metric Tons (2015 – 2022) |
Table 7.3 | North America’s Carbon Nanotube Market by Country, $ Million (2015 – 2022) |
Table 7.4 | North America’s Carbon Nanotube Market by Country, Metric Tons (2015 – 2022) |
Table 7.5 | USA’s Carbon Nanotube Market, by Type, $ Million (2015 – 2022) |
Table 7.6 | The US Carbon Nanotube Market by Type, Metric Tons (2015 – 2022) |
Table 7.7 | The US Carbon Nanotube Market, by Application, $ Million (2015 – 2022) |
Table 7.8 | The US Carbon Nanotube Market, by Application, Metric Tons (2015 – 2022) |
Table 7.9 | Europe’s Carbon Nanotube Market, by Country, $ Million , 2015 – 2022 |
Table 7.10 | Europe’s Carbon Nanotube Market, by Country, Metric Tons 2015 – 2022 |
Table 7.11 | Germany’s Carbon Nanotube Market, by Type, $ Million (2015 – 2022) |
Table 7.12 | Germany’s Carbon Nanotube Market, by Type, Metric Tons (2015 – 2022) |
Table 7.13 | Germany’s Carbon Nanotube Market, by Application, $ Million (2015 – 2022) |
Table 7.14 | Germany’s Carbon Nanotube Market, by Application, Metric Tons (2015 – 2022) |
Table 7.15 | Italy’s Carbon Nanotubes Market, by Type, $ Million (2015 – 2022) |
Table 7.16 | Italy’s Carbon Nanotube Market, by Type, Metric Tons (2015 – 2022) |
Table 7.17 | Italy’s Carbon Nanotube Market, by Application, $ Million (2015 – 2022) |
Table 7.18 | Italy’s Carbon Nanotube Market by Application, Metric Tons (2015 – 2022) |
Table 7.19 | France’s Carbon Nanotubes Market, by Type, $ Million (2015 – 2022) |
Table 7.20 | France’s Carbon Nanotubes Market, by Type, Metric Tons (2015 – 2022) |
Table 7.21 | France’s Carbon Nanotube Market, by Application, $ Million (2015 – 2022) |
Table 7.22 | France’s Carbon Nanotube Market, by Application, Metric Tons (2015 – 2022) |
Table 7.23 | U.K’s Carbon Nanotubes Market, by Type, $ Million (2015 – 2022) |
Table 7.24 | U.K’s Carbon Nanotube Market, by Type, Metric Tons (2015 – 2022) |
Table 7.25 | U.K’s Carbon Nanotube Market, by Application, $ Million (2015 – 2022) |
Table 7.26 | U.K’s Carbon Nanotube Market by Application, Metric Tons (2015 – 2022) |
Table 7.27 | Asia-Pacific’s Carbon Nanotube Market by Country, $ Million (2015 – 2022) |
Table 7.28 | Asia-Pacific’s Carbon Nanotube Market by Country, Metric Tons (2015 – 2022) |
Table 7.29 | China’s Carbon Nanotube Market by Type, $ Million (2015 – 2022) |
Table 7.30 | China’s Carbon Nanotube Market by Type, Metric Tons (2015 – 2022) |
Table 7.31 | China’s Carbon Nanotube Market by Application, $ Million (2015 – 2022) |
Table 7.32 | China’s Carbon Nanotube Market by Application, Metric Tons (2015 – 2022) |
Table 7.33 | Japan’s Carbon Nanotube Market by Type, $ Million (2015 – 2022) |
Table 7.34 | Japan’s Carbon Nanotube Market by Type, Metric Tons (2015 – 2022) |
Table 7.35 | Japan’s Carbon Nanotube Market by Application, $ Million (2015 – 2022) |
Table 7.36 | Japan’s Carbon Nanotube Market by Application, Metric Tons (2015 – 2022) |
Table 7.37 | South Korea’s Carbon Nanotube Market by Type, $ Million (2015 – 2022) |
Table 7.38 | South Korea’s Carbon Nanotube Market by Type, Metric Tons (2015 – 2022) |
Table 7.39 | South Korea’s Carbon Nanotube Market by Application, $ Million (2015 – 2022) |
Table 7.40 | South Korea’s Carbon Nanotube Market by Application, Metric Tons (2015 – 2022) |
Table 7.41 | India’s Carbon Nanotube Market by Type, $ Million (2015 – 2022) |
Table 7.42 | India’s Carbon Nanotube Market by Type, Metric Tons (2015 – 2022) |
Table 7.43 | India’s Carbon Nanotube Market by Application, $ Million (2015 – 2022) |
Table 7.44 | India’s Carbon Nanotube Market by Application, Metric Tons (2015 – 2022) |
Table 7.45 | RoW Carbon Nanotubes Market by Region, ($ Million) (2015 – 2022) |
Table 7.46 | RoW Carbon Nanotubes Market by Region, Metric Tons (2015 – 2022) |
Figure 1 | Carbon Nanotube Market Attractiveness, by Type, Application and Region |
Figure 2 | Global Carbon Nanotube Market size Overview |
Figure 3 | Carbon Nanotube Market Share by Type, 2015 and 2022 |
Figure 4 | Carbon Nanotube Market Share by Application: 2015 & 2022 |
Figure 5 | Carbon Nanotube Market, by Geography |
Figure 1.1 | Global Carbon Nanotube Market Scope |
Figure 1.2 | Report Design |
Figure 1.3 | Primary Interviews Breakdown, by Companies, Designation, and Region |
Figure 1.4 | Sources of Secondary Research |
Figure 1.5 | Data Triangulation |
Figure 1.6 | Top Down & Bottom Up Approach |
Figure 1.7 | Stakeholders Overview |
Figure 1.8 | Influencing Factors |
Figure 2.1 | Global Carbon Nanotube Market Dynamics |
Figure 3.1 | Snapshot of Organic & Inorganic Strategies adopted by Key Players |
Figure 3.2 | Total Number of Strategies and Developments |
Figure 3.3 | Percentage Share of Strategies and Developments Adopted by Key Players |
Figure 3.4 | Global CNT Market Share Analysis, by Production Volume: 2015 |
Figure 3.5 | SWCNT Market Share Analysis, by Production Capacity |
Figure 4.1 | Global Carbon Nanotube Supply Chain |
Figure 4.2 | Global CNT Porter’s Five Forces Analysis |
Figure 4.3 | Global CNT Price Analysis Overview: $/kg |
Figure 5.1 | Global Carbon Nanotube Market Segmentation |
Figure 5.2 | Structure of Single Wall and Multi Wall Carbon Nanotube |
Figure 5.3 | Global Carbon Nanotube Market Size (Value & Volume) Overview |
Figure 5.4 | Single Wall Carbon Nanotube Market Size Overview |
Figure 5.5 | Single Wall Carbon Nanotube Market Size Overview by Region: US$ Million |
Figure 5.6 | Single Wall Carbon Nanotube Market Size Overview by Application: $ Million |
Figure 5.7 | Multi Wall Carbon Nanotube Market Size Overview |
Figure 5.8 | Multi Wall Carbon Nanotube Market Size Overview by Region: US$ million |
Figure 5.9 | Multi Wall Carbon Nanotube Market Size Overview by Application: $ Million |
Figure 6.1 | Global Carbon Nanotube Market Segmentation: by Application |
Figure 6.2 | Carbon Nanotube Market Size Overview by Application: US$ Million |
Figure 6.3 | Global Carbon Nanotube Market Attractiveness, by Application |
Figure 6.4 | Carbon nanotube in Polymer Application Market Size Overview |
Figure 6.5 | Key applications of CNTs in automotive coatings include: |
Figure 6.6 | CNT in Electronics & Semiconductor Application Market Size Overview |
Figure 6.7 | CNT in Energy Application Market Size Overview |
Figure 6.8 | Li-ion Battery Present and Expanding Market Overview |
Figure 6.9 | CNT in Other Application Market Size Overview |
Figure 7.1 | Carbon Nanotube Market Geographical Segmentation |
Figure 7.2 | Carbon Nanotube Market Growth Rate by Geography |
Figure 7.3 | North America Carbon Nanotube Market by Country |
Figure 7.4 | European Carbon Nanotube Market Snapshot, by Country |
Figure 7.5 | APAC Carbon Nanotube Market Snapshot, by Country |
Figure 7.6 | Rest of the World Carbon Nanotube Market Snapshot, by Region |
Figure 8.1 | Overall Financials, 2013-15 ($ Million) |
Figure 8.2 | Geographic Revenue Mix, 2013-15 ($ Million) |
Figure 8.3 | Segment Revenue Mix, 2013-15 ($ Million) |
Figure 8.4 | Arkema’s Revenue Forecast 2020 |
Figure 8.5 | Overall Financials, 2013-15 |
Figure 8.6 | Geographic Revenue Mix, 2013-15 ($Million) |
Figure 8.7 | Segment Revenue Mix, 2013-15 ($Million) |
Figure 8.8 | Showa Denko K.K: Swot Analysis |
Figure 8.9 | Overall Financials, 2013-15 ($Million) |
Figure 8.10 | Geographic Revenue Mix, 2013-15 ($Million) |
Figure 8.11 | Segment Revenue Mix, 2014-15 ($Million) |
Figure 8.12 | Overall Financials 2013-15 ($Million) |
Figure 8.13 | Geographical Revenue Mix 2013-15 ($Million) |
Figure 8.14 | Segment Revenue Mix 2013-15 ($Million) |
Figure 8.15 | Overall Financials 2014-15 ($Million) |
Figure 8.16 | Geography Revenue Mix 2014-15 ($Million) |
Figure 8.17 | Segment Revenue Mix 2014-15 ($Million) |
Figure 8.18 | Overall Financials 2013-15 ($Million) |
Figure 8.19 | Overall Financials 2013-15 ($Million) |
Figure 8.20 | Segment Revenue Mix 2013-15 ($Million) |
Report Description
The global carbon nanotubes market is estimated to witness a growth at a CAGR of 16.8% over the period 2016 to 2022. This growth in the market is attributed to their increasing demand for various applications such as reinforcement composite additives in polymer industry, transistors and ICs in electronics and semiconductor devices and as super capacitors and fuel cells and Li-ion battery in energy storage industry etc.
Carbon nanotubes (CNTs) are lightweight materials constituting of graphene as their basic building block. They are tubes made up of molecules that that can be manipulated chemically and physically in very useful ways. They have opened a wide range of applications in material science, electronics, chemical processing, energy management and other fields.
The report is a compilation of different segments of global CNT market including market breakdown by type, application and geographical location. It also includes sections on competitive insights and market dynamics. Herein the revenue generated from CNTs is tracked to calculate the market size.
While highlighting the key driving and restraining forces for this market, the report also provides a comprehensive section of the application areas of the CNT market. It also details the key participants involved in the industry.
The report has put special emphasis on the market share and size of polymer industry and electronics & semiconductor industry, owing to their high share in the current and upcoming market of CNTs. The industry analysis have also been done to examine the impact of various factors and understand the overall attractiveness of the industry. The most often used strategy for developing a better hold on to the market has been through business expansions, followed by agreements, collaborations and partnerships.
The company profile section includes highlights of significant information about the key companies involved, along with their financial summaries and key strategies & developmental activities of recent years. Some of the key players involved in this market are Arkema SA, Nanocyl SA, Cnano Technology, , Showa Denko, Hanwha Chemical, Hodogaya Chemical, Ube Industries, Kumho Petrochemical, Times Nano, Carbon Solutions, Cnt Co Ltd, Hyperion Catalysis International, Arry International, Continental Carbon Nanotechnologies, Klean Commodities, Nano-C, OCSiAl, Thomas Swan & Co Ltd, and Zyvex Technologies.
MWCNTs dominated the CNT market accounting for a market share of 95% by value. Asia Pacific generated the maximum amount of revenue in the year 2015 in the global CNT market followed by North America and Europe .Again, APAC has the highest potential to grow in the forecast period. If the industry has the prospects of growing at a similar pace, it will cross $ 2,070.5 million in total market value by the end of forecast period.
Key Questions Answered in this Report
The report answers the following questions about the global CNT market:
• What are the different types of CNTs used in CNT industry? What is their contribution in terms of revenue to the overall CNT industry revenue?
• What are the different application areas of CNTs? What is their contribution in terms of revenue to the overall CNT revenue?
• Which is the most sought-after type of CNT used in CNT industry and which will be the most sought-after type of CNT in the forecast period?
• What are the different factors driving the market in the forecast period?
• What are the factors restraining and challenging the growth of global CNT market?
• What are the different opportunities to look for investment in the CNT market?
• Who are the different participants in the global CNT market?
• What kind of new strategies are being adopted by existing market players to make a mark in the industry?
• Which region will lead the global CNT market by the end of forecast period?
• Which application will lead the global CNT market by the end of forecast period?
Market Overview
Carbon nanotubes (CNTs) are one of the most essential materials in material science with a number of significant properties; and hence are gradually changing the dynamics of polymer, energy and electronics and semiconductor industry. Carbon nanotubes technology has the potential to improve the performance of almost everything they are used in; composite or plastics and it is even a potential solution to energy problem.
The wide range of useful properties of CNTs have led to the development of a number of applications some of which are paving their way towards practical and commercial applicability. CNTs are extremely strong due to a high strength level between their atoms (i.e. sp2 hybridization) which makes them strong after being weaved together. They are stronger than steel, are unbreakably elastic, resistant to chemicals, are better conductors of electricity than silver and are better thermal conductors than diamond.
The global CNT market is emerging at a fairly rapid pace. Initially they were in danger of being replaced in conductive applications by graphene and in composites by Nano cellulose. But with time, due to their increasing needs in polymer industry, electronics and semiconductor industry and energy industry, they have managed to hold a good position in the materials market. CNTs have been competitive and will remain so in future too.
Transparent conductors, battery additives and transistors represent the most promising market for CNTs. They are viewed as the viable alternatives to Indium Tin Oxide (ITO) in transparent conductors and main candidate to replace silicon in transistors.
CNTs are also used in tennis rackets, golf clubs, in car fenders, in energy storage, automotive parts, boat hulls, sporting goods, water filters thin-film electronics, coatings, actuators, electromagnetic shields and as a replacement for wires, They are actively dominating the nanotechnology engineering market and have potential for a wide usage in controlling and handling other nanoscale structures. There is immense scope for CNTs to establish itself in application areas like architecture as well.
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.
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, hitting $2,070.5 million by 2022. Wide applications of these materials across polymers, electrical & electronics, and energy industries are likely to drive the market growth over the forecast period. The MWCNTs are currently dominating the market due to low prices and their usage in varied applications. Asia Pacific region accounted for the largest market share of 41.8% in 2015 and this trend is expected to continue in the forecast period.