The surging application carbon nanotube from end-user industries such as electronics, plastics, aerospace & defense, burgeoning demand for lightweight and low carbon emitting vehicles, and bolstering government investment on renewable energy sources are anticipated to lead to a positive impact toward the growth of the Global carbon nanotube (CNT) market in the forecast period. Moreover, growing use of carbon nanotubes in automotive industry due to rising adoption of electric vehicles, robust industrialization, and escalating use of CNTs in sports equipment are some of the factors strongly contributing toward the growth of the market in the forthcoming timeline.
According to MarkNtel Advisors’ research report titled “Global Carbon Nanotubes Market Analysis, 2020-25. Based on Type, Multi-Walled carbon nanotube acquired the substantial market share in 2019 due to its surging adoption of multi-walled carbon nanotube in applications such as batteries, solar cell, nano-electronics, and energy storage. Single-walled carbon nanotube is projected to grow at a high rate in the forthcoming years largely due to its low cost.
“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 growth opportunities available for Carbon Nanotube 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.
Asia-Pacific to Register the Fastest Growth
Asia-pacific is anticipated to attain the highest CAGR by 2025 in the Global carbon nanotubes market. The growth of the segment is attributed to rising consumption of carbon nanotube in end-use industries such as aerospace & defense, sports, and energy, significant industrialization, growing inclination toward renewable energy, and burgeoning spending on research and development to develop advanced carbon nanotubes. Thus, these are 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: