Global carbon nanotube market is anticipated to witness the high growth in the forecasted years on account of rising adoption of carbon nanotube in in aerospace & defense industry and burgeoning demand in the production of products such as automotive parts, electronic packaging and medical devices. Moreover, rising demand from CNT in emerging countries such as Asia-pacific due to surging inclination towards lightweight and low carbon emitting vehicles, increase in government funding towards the use of renewable energy sources and burgeoning growth in end-use industries such as electrical & electronics and automotive are anticipated to drive the growth of the market in the forthcoming years.
According to MarkNtel Advisors’ research report “Global Carbon Nanotubes Market Analysis, 2020”, the Global Carbon Nanotubes market is anticipated to grow at a CAGR of around 15% during 2020-25. Based on Method, chemical vapor deposition (CVD) segment is expected to attain the highest CAGR by 2025 due to surging use of CVD by manufacturers to produce carbon nanotube. Moreover, high-pressure carbon monoxide reaction and catalytic chemical vapor deposition are also expected to grow at a rapid rate during 2020-25.
“Global Carbon Nanotubes Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Carbon Nanotubes providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
North America Grabbed the Majority Market Share
North America grabbed the majority market share in the Global carbon nanotubes in 2019. The US dominated the North America market as it is among the largest producer of carbon nanotube in the world and surging consumption of carbon nanotube in end-use industries such as aerospace & defense, sports, and energy. However, Asia-Pacific is also growing at a steady rate on account of rapid industrialization and surging government initiative to promote nanotechnology at the domestic level. Thus, this is expected to bolster the growth of the Carbon Nanotubes Market in the forthcoming period as stated in MarkNtel Advisors’ research report “Global Carbon Nanotubes Market Analysis, 2020”.
According to MarkNtel Advisors’, the key players with a considerable market share in the Global Carbon Nanotubes market are Nanocyl SA, Arkema SA, Showa Denko K.K., Toray International Group Limited, Carbon Solutions, Inc., Cnano Technology Ltd., Kumho Petrochemical Co., Ltd., Klean Commodities, Thomas Swan & Co. Limited, Arry International Group Ltd., Raymor Industries Inc., Nanolab Inc., Nanoshel LLC, Advanced Nanopower Inc., Nano-C Inc., etc.
Key questions answered in the study: