Carbon Nanotubes Market

The carbon nanotube (CNT) market exhibits high growth potential and is projected to reach a market size of USD 2.63 billion by 2029 from USD 1.31 billion in 2024, at a CAGR of 14.9%. Asia Pacific is the largest carbon nanotube (CNT) market that is projected to register the highest CAGR during the forecasted period. This high growth is due to the growing demand from the structural composite, electronics & semiconductors, and energy & storage end-use industry.

Single-walled Carbon nanotubes or SWCNTs, are newly composed nanostructures like a monolayer of graphene rolled up in a cylindrical form. A nanotube may range from a diameter of circa 0.4- 2 nm depending on it - consequently, might form an awesome configuration. Thus, these molecular systems are recognized for an excellent surface area and at the same time exhibit great conduction that also elucidate their electric, thermal and mechanical properties. With display of these many attributes single-walled carbon nanostructures whole to be grabbed front seat in the material sector for most happening segments like energy storage devices, conductive films, sensors, advanced composites (batteries, fuel cells) & come up to end user industries.

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The key players following the strategies between 2019 to 2024, LG Chem (South Korea), Cabot Corporation (US), Resonac Corporation (Showa Denko K.K.) (Japan), Jiangsu Cnano Technology Co., Ltd. (China), Timesnano (Chengdu Organic Chemicals Co. Ltd.) (China), Nanocyl SA (Belgium), Arkema S.A. (France), Sumitomo Corporation (Japan), and Cheap Tubes, Inc. (US). The companies are majorly following investment & expansion as the strategy to grow and expand the market.

LG Chem: LG Chem is a globally leading petrochemical, IT & electronic materials, and energy solution manufacturer. It operates in LG energy solution, Petrochemicals, advanced materials, Life sciences, and common and other segments. In addition to CNTs, the company makes CNTs under his advanced materials division which serve the semiconductor and circuit board material industries. The company also has a base spread all over the world with a number of marketing subsidiaries in Asia, Europe, and the Americas.

Cabot Corporation: Cabot Corporation is a leading global specialty chemicals and performance materials company headquartered in Boston, Massachusetts, US. The company's businesses deliver a broad range of products and solutions to customers across the globe, serving key industries, such as transportation, infrastructure, environment, and consumer. The company operates through four business segments, namely, reinforcement materials, performance chemicals, and unallocated and others. Its global network consists of 37 manufacturing locations in 20 countries. The company investing heavily on product line expansion in the untapped market.

Related Reports:

Carbon Nanotubes Market by Type (Single-walled Carbon nanotubes (SWNT), Multi-walled carbon nanotubes (MWCNT)), Method, End-use Industry (Electronics & Semiconductors, Energy & Storage, Structural Composites Application), and Region - Global Forecast to 2029

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