The global carbon nanotube market is expected to reach USD 16.22 Billion by 2027, according to a new report by Emergen Research. The carbon nanotube (CNT) market is experiencing a rapid growth attributable to its rising demand from end-user industries such as electrical & electronics, aerospace & defense, energy, healthcare, automotive, and textiles. Carbon nanotubes are appropriate for a large number of applications necessitating resilience, robustness, electrical & thermal conductivity, and lightweight characteristics as compared to conventionally used materials
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Key Highlights from the Report
By product type, multi-walled carbon nanotubes, in
terms of revenue, contributed to the largest market size of USD 4.80 Billion in
2019. The structure of this product type results in better conductivity and the
strength of atomic bonds enables it to endure high temperatures.
By industry vertical, the electrical &
electronics industry held the second-largest market share in 2019 and is
projected to witness a growth rate of 14.6% in the forecast period. A much
larger number of transistors produced from CNTs can be fitted on a chip, due to
their small size, as compared to the number fitted on a silicon chip. Also, the
chips are faster, very efficient, and produce much less heat than silicon
chips.
North America, in terms of revenue, held the
second-largest market share in 2019, owing to the growth and technological
advancements in the electronics industry and increased production of engineered
polymers (CNTs improve the thermal decomposition and melting temperatures) in
the region.
Carbon nanotubes display exceptional electrical
characteristic and have enormous prospects in applications associated with
electrical & electronic encompassing photovoltaic cells, smart textiles,
semiconductor devices, sensors, conductors, displays, and energy conversion
equipment comprising fuel cells and batteries. Apart from their exceptional
electric conductivity, these products have a larger surface area, leading to
improved chemical, mechanical, and electrochemical stability. These remarkable
properties form the prospective for carbon nanotubes to be used as material for
energy conversion and storage.
Key
participants include FANUC,
Aubo Robotics, Universal Robots, Yaskawa, KUKA, Techman Robot, Precise
Automation, ABB, Rethink Robotics, and Doosan Robotics, among others.
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Product
Type Outlook (Revenue, USD Billion; 2017-2027)
- Single-Walled Carbon Nanotube
- Multi-Walled Carbon Nanotube
Methods
Outlook (Revenue, USD Billion; 2017-2027)
- Arc Discharge
- Laser Ablation of Graphite
- Chemical Vapor Deposition (CVD)
Industry
Verticals Outlook (Revenue, USD Billion; 2017-2027)
- Electrical & Electronics
- Aerospace & Defense
- Energy
- Healthcare
- Automotive
- Textiles
- Others
Growing pet possession may be a
major issue resulting in the market growth of the genetic abnormality testing
section. Genetic attribute tests, like tests for coat color, and parentage
tests area unit expected to rise with increasing pet population. what is more,
genetic abnormality tests in eutherian mammal animals also are expected to grow
throughout the forecast amount, to make sure disease-free breed of animals.
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Carbon
Nanotube Market Table of content
Key questions addressed in the report:
- What are the predominant factors propelling the global Carbon Nanotube market development?
- Who are the leading distributors, traders, and dealers of this market?
- Who are the key manufacturers in the Carbon Nanotube business sector?
- What are the significant market opportunities and challenges for the v global market vendors?
- What are the sales and revenue estimations for the leading market players in the Carbon Nanotube market over the projected period?
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