The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Increasing demand for lightweight and low carbon-emitting vehicles are expected to drive innovation in carbon nanotube manufacturing, thus driving the market during the forecast period.

The global carbon nanotube market is expected to grow from $3.63 billion in 2022 to $4.28 billion in 2023 at a compound annual growth rate (CAGR) of 17.8%. The carbon nanotube market size is expected to grow to $7.75 billion in 2027 at a CAGR of 16.0%.

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Global Carbon Nanotube Market Segments Include:

• By Product Type: Single Walled Nanotubes, Double Walled Nanotubes, Multi Walled Nanotubes
• By Technology: Arc Discharge, Laser Ablation, Chemical Vapor Deposition (CVD), Catalytic Chemical Vapor Deposition (CCVD), High Pressure Carbon Monoxide, CoMoCAT, Floating Catalyst, Other Technologies
• By End-Use Industry: Electronics & Semiconductors, Energy & Storage, Chemical Material & Polymers, Medical, Structural Composites Applications, Other End-Use Industries
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global carbon nanotube market in 2021.

Major Market Players in the carbon nanotube market include Cabot Corporation, Showa Denko K.K., Jiangsu Cnano Technology Co., Ltd., Chengdu Organic Chemicals Co. Ltd., Arkema SA, Carbon Solutions Inc.

The continuous R&D activities to capture applications such as glass-ceramic, structural steel, and others is a key trend gaining popularity in the carbon nanotube market. The companies operating in the carbon nanotubes market are increasingly investing in R&D activities for the development of innovative carbon nanotubes to meet the fast-growing demand from various end-use industries and strengthen their market position. For instance, OCSiAl, a Luxembourg-based nanotechnology company is planning to invest $300 million in the establishment of a new graphene development center, which will be focused on developing innovative carbon nanotube technologies for niche industries such as batteries, industrial coatings and other end-use industries.

The Carbon Nanotube Global Market Report 2023 provides a carbon nanotube market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The carbon nanotube market forecast analyzes carbon nanotube market size, carbon nanotube market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The carbon nanotube refer to the hybridized carbon atoms that are arranged in hexagonal that consist of cylindrical large molecules, which can be formed by a rolling single sheet of graphene or a double sheet of graphene. They possess strong structural, mechanical, and electronic properties, due to their nano-sized physical attributes such as small size and low mass.

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