Carbon Nanotubes Market Forecast to 2028 - Global Analysis By Type and Application

List of Tables

The carbon nanotubes market size is expected to grow from US$ 5,658.00 million in 2022 to US$ 13,981.58 million by 2028; it is estimated to record a CAGR of 16.3% from 2022 to 2028.

Carbon nanotubes are produced by three technologies-arc discharge, laser ablation of graphite, and Chemical Vapor Deposition (CVD). Iron, nickel, and cobalt are significant metals required as catalysts, which are procured for all three processes. Manufacturers procure metal catalysts with carbon-containing reaction gases such as hydrogen or carbon monoxide required for the CVD manufacturing process. Carbon nanotubes are used in various end-use industries such as energy storage, automotive, medical, electronics, and aerospace. Further, the carbon nanotubes market is competitive and fragmented, owing to the presence of several regional and global players. Market players are adopting different strategies to stand out as strong competitors in the market. A few major carbon nanotube manufacturers have adopted strategies such as partnerships with composite manufacturers, government organizations, and automotive & aerospace companies. These strategies help them remain competitive in the market based on product prices and product differentiation.

Based on application, the global carbon nanotubes market is segmented into electronics & semiconductors, energy storage, structural composites, aerospace & defense, medical, and others. The structural composites segment held the largest market share in 2022. Carbon nanotubes have been used in developing high-performance structural composites as they are lightweight and high-strength materials. Multi-walled carbon nanotubes and single-walled carbon nanotubes can be used in the development of structural composites. Moreover, carbon nanotubes have high tensile strength and stiffness, which makes them ideal reinforcement materials for composites. They are incorporated into a polymer matrix to improve the mechanical properties of the composite, including strength, stiffness, and toughness. A large number of hybrid composites have been produced using MXenes and their derivatives. These are combined to incorporate properties such as reducibility, hydrophilicity, large surface area, unique mechanical/electrical properties, and ease of functionalization.

Asia Pacific led the global carbon nanotubes market share in 2022. The carbon nanotubes market in Asia Pacific is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China is one of the major markets for carbon nanotubes in Asia Pacific. Carbon nanotubes have gained significant attention in China due to their potential applications in various industries such as electronics, energy, aerospace, and medicine. Due to the growing investments in research and development activities and increasing adoption of carbon nanotubes in various applications, the carbon nanotubes market in China has witnessed significant growth in recent years. China is the largest producer of carbon nanotubes across the world, accounting for a significant share of global production. Japan is another key market for carbon nanotubes in Asia Pacific and has several companies such as Showa Denko KK, Mitsui & Co. Ltd., and Nikkiso Co. Ltd. engaged in the production and supply of carbon nanotubes for various applications. Furthermore, several leading academic institutions and research centers, including the National Institute of Advanced Industrial Science and Technology (AIST) in Japan and the National University of Singapore, are involved in carbon nanotube research and development.

Nanoshel LLC, NanoLab Inc, Kumho Petrochemical Co Ltd, Klean Industries Inc, LG Chem Ltd, Raymor Industries Inc, Nanocyl SA, Arkema SA, Tokyo Chemical Industry Co Ltd, and Cabot Corp are a few players operating in the global carbon nanotubes market. Market players are focusing on providing high-quality products to fulfill customer demand. They are also adopting strategies such as investments in research and development activities, new product launches, collaborations, and mergers & acquisitions.

The overall global carbon nanotubes market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the carbon nanotubes market.

Reasons to Buy:

Highlights key business priorities to assist companies realign their business strategies.
Features key findings and crucial progressive industry trends in the global carbon nanotubes market, thereby allowing players to develop effective long-term strategies.
Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets.
Scrutinizes in-depth market trends as well as key market drivers and restraints.
Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

Product Code: TIPRE00004215

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
- 1.2.1 Global Carbon Nanotubes Market, by Type
- 1.2.2 Global Carbon Nanotubes Market, by Application
- 1.2.3 Global Carbon Nanotubes Market, by Geography

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study
- 3.1.1 Global Carbon Nanotubes Market, by Type, and Application
3.2 Research Methodology
- 3.2.1 Data Collection:
- 3.2.2 Primary Interviews:
- 3.2.3 Hypothesis formulation:
- 3.2.4 Macro-economic factor analysis:
- 3.2.5 Developing base number:
- 3.2.6 Data Triangulation:
- 3.2.7 Country level data:

4. Global Carbon Nanotubes Market Landscape

4.1 Market Overview
4.2 Porter's Five Forces Analysis
- 4.2.1 Threat of New Entrants:
- 4.2.2 Bargaining Power of Suppliers:
- 4.2.3 Bargaining Power of Buyers:
- 4.2.4 Competitive Rivalry:
- 4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
- 4.3.1 Overview:
- 4.3.2 Raw Material Suppliers:
- 4.3.3 Manufacturers
- 4.3.4 Distributors
- 4.3.5 End-User
4.4 Expert Opinion

5. Global Carbon Nanotubes Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Increasing Demand for Carbon Nanotubes (CNTs) for Energy Storage Applications
- 5.1.2 Rising Demand for Carbon Nanotube Based Composites
5.2 Market Restraints
- 5.2.1 Environmental Concerns Related to Carbon Nanotubes
5.3 Market Opportunities
- 5.3.1 Adoption of Carbon Nanotubes for Cancer Treatment
5.4 Future Trends
- 5.4.1 Utilization of Carbon Nanotubes in 3D Printing
5.5 Impact Analysis

6. Carbon Nanotubes - Global Market Analysis

6.1 Global Carbon Nanotubes Market Overview
6.2 Global Carbon Nanotubes Market -Revenue and Forecast to 2028 (US$ Mn)
6.3 Global Carbon Nanotubes Market -Volume and Forecast to 2028 (Tons)
6.4 Competitive Positioning - Key Market Players

7. Global Carbon Nanotubes Market Analysis - By Type

7.1 Overview
7.2 Global Carbon Nanotubes Market, By Type (2021 and 2028)
7.3 Multi-Walled Carbon Nanotubes
- 7.3.1 Overview
- 7.3.2 Multi-Walled Carbon Nanotubes: Global Carbon Nanotubes Market - Revenue and Forecast to 2028 (US$ Mn)
- 7.3.3 Multi-Walled Carbon Nanotubes: Global Carbon Nanotubes Market -Volume and Forecast to 2028 (Tons)
7.4 Single-Walled Carbon Nanotubes
- 7.4.1 Overview
- 7.4.2 Single-Walled Carbon Nanotubes: Global Carbon Nanotubes Market - Revenue and Forecast to 2028 (US$ Mn)
- 7.4.3 Single-Walled Carbon Nanotubes: Global Carbon Nanotubes Market -Volume and Forecast to 2028 (Tons)

8. Global Carbon Nanotubes Market Analysis - By Application

8.1 Overview
8.2 Global Carbon Nanotubes Market, By Application (2021 and 2028)
8.3 Electronics and Semiconductors
- 8.3.1 Overview
- 8.3.2 Electronics and Semiconductors: Global Carbon Nanotubes Market - Revenue and Forecast to 2028 (US$ Mn)
8.4 Energy Storage
- 8.4.1 Overview
- 8.4.2 Energy Storage: Global Carbon Nanotubes Market - Revenue and Forecast to 2028 (US$ Mn)
8.5 Structural Composites
- 8.5.1 Overview
- 8.5.2 Structural Composites: Global Carbon Nanotubes Market - Revenue and Forecast to 2028 (US$ Mn)
8.6 Aerospace and Defense
- 8.6.1 Overview
- 8.6.2 Aerospace and Defense: Global Carbon Nanotubes Market - Revenue and Forecast to 2028 (US$ Mn)
8.7 Medical
- 8.7.1 Overview
- 8.7.2 Medical: Global Carbon Nanotubes Market - Revenue and Forecast to 2028 (US$ Mn)
8.8 Others
- 8.8.1 Overview
- 8.8.2 Others: Global Carbon Nanotubes Market - Revenue and Forecast to 2028 (US$ Mn)

9. Global Carbon Nanotubes Market - Geographic Analysis

9.1 Overview
9.2 North America: Global Carbon Nanotubes Market
- 9.2.1 North America: Global Carbon Nanotubes Market - Analysis and Forecast to 2028 (US$ Million)
- 9.2.2 North America: Global Carbon Nanotubes Market, by Type
- 9.2.3 North America: Global Carbon Nanotubes Market, by Application
- 9.2.4 North America: Global Carbon Nanotubes Market, by Key Country
  - 9.2.4.1 US: Global Carbon Nanotubes Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.2.4.1.1 US: Global Carbon Nanotubes Market, by Type
    - 9.2.4.1.2 US: Global Carbon Nanotubes Market, by Application
  - 9.2.4.2 Canada: Global Carbon Nanotubes Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.2.4.2.1 Canada: Global Carbon Nanotubes Market, by Type
    - 9.2.4.2.2 Canada: Global Carbon Nanotubes Market, by Application
  - 9.2.4.3 Mexico: Global Carbon Nanotubes Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.2.4.3.1 Mexico: Global Carbon Nanotubes Market, by Type
    - 9.2.4.3.2 Mexico: Global Carbon Nanotubes Market, by Application
9.3 Europe: Global Carbon Nanotubes Market
- 9.3.1 Europe: Global Carbon Nanotubes Market - Analysis and Forecast to 2028 (US$ Million)
- 9.3.2 Europe: Global Carbon Nanotubes Market, by Type
- 9.3.3 Europe: Global Carbon Nanotubes Market, by Application
- 9.3.4 Europe: Global Carbon Nanotubes Market, by Key Country
  - 9.3.4.1 Germany: Global Carbon Nanotubes Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.3.4.1.1 Germany: Global Carbon Nanotubes Market, by Type
    - 9.3.4.1.2 Germany: Global Carbon Nanotubes Market, by Application
  - 9.3.4.2 France: Global Carbon Nanotubes Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.3.4.2.1 France: Global Carbon Nanotubes Market, by Type
    - 9.3.4.2.2 France: Global Carbon Nanotubes Market, by Application
  - 9.3.4.3 Italy: Global Carbon Nanotubes Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.3.4.3.1 Italy: Global Carbon Nanotubes Market, by Type
    - 9.3.4.3.2 Italy: Global Carbon Nanotubes Market, by Application
  - 9.3.4.4 U.K: Global Carbon Nanotubes Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.3.4.4.1 U.K: Global Carbon Nanotubes Market, by Type
    - 9.3.4.4.2 U.K: Global Carbon Nanotubes Market, by Application
  - 9.3.4.5 Russia: Global Carbon Nanotubes Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.3.4.5.1 Russia: Global Carbon Nanotubes Market, by Type
    - 9.3.4.5.2 Russia: Global Carbon Nanotubes Market, by Application
  - 9.3.4.6 Rest of Europe: Global Carbon Nanotubes Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.3.4.6.1 Rest of Europe: Global Carbon Nanotubes Market, by Type
    - 9.3.4.6.2 Rest of Europe: Global Carbon Nanotubes Market, by Application
9.4 Asia-Pacific: Global Carbon Nanotubes Market
- 9.4.1 Asia-Pacific: Global Carbon Nanotubes Market - Analysis and Forecast to 2028 (US$ Million)
- 9.4.2 Asia-Pacific: Global Carbon Nanotubes Market, by Type
- 9.4.3 Asia-Pacific: Global Carbon Nanotubes Market, by Application
- 9.4.4 Asia-Pacific: Global Carbon Nanotubes Market, by Key Country
  - 9.4.4.1 Australia: Global Carbon Nanotubes Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.4.4.1.1 Australia: Global Carbon Nanotubes Market, by Type
    - 9.4.4.1.2 Australia: Global Carbon Nanotubes Market, by Application
  - 9.4.4.2 China: Global Carbon Nanotubes Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.4.4.2.1 China: Global Carbon Nanotubes Market, by Type
    - 9.4.4.2.2 China: Global Carbon Nanotubes Market, by Application
  - 9.4.4.3 India: Global Carbon Nanotubes Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.4.4.3.1 India: Global Carbon Nanotubes Market, by Type
    - 9.4.4.3.2 India: Global Carbon Nanotubes Market, by Application
  - 9.4.4.4 Japan: Global Carbon Nanotubes Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.4.4.4.1 Japan: Global Carbon Nanotubes Market, by Type
    - 9.4.4.4.2 Japan: Global Carbon Nanotubes Market, by Application
  - 9.4.4.5 South Korea: Global Carbon Nanotubes Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.4.4.5.1 South Korea: Global Carbon Nanotubes Market, by Type
    - 9.4.4.5.2 South Korea: Global Carbon Nanotubes Market, by Application
  - 9.4.4.6 Rest of Asia-Pacific: Global Carbon Nanotubes Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.4.4.6.1 Rest of Asia-Pacific: Global Carbon Nanotubes Market, by Type
    - 9.4.4.6.2 Rest of Asia-Pacific: Global Carbon Nanotubes Market, by Application
9.5 Middle East and Africa: Global Carbon Nanotubes Market
- 9.5.1 Middle East and Africa: Global Carbon Nanotubes Market - Analysis and Forecast to 2028 (US$ Million)
- 9.5.2 Middle East and Africa: Global Carbon Nanotubes Market, by Type
- 9.5.3 Middle East and Africa: Global Carbon Nanotubes Market, by Application
- 9.5.4 Middle East and Africa: Global Carbon Nanotubes Market, by Key Country
  - 9.5.4.1 South Africa: Global Carbon Nanotubes Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.5.4.1.1 South Africa: Global Carbon Nanotubes Market, by Type
    - 9.5.4.1.2 South Africa: Global Carbon Nanotubes Market, by Application
  - 9.5.4.2 Saudi Arabia: Global Carbon Nanotubes Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.5.4.2.1 Saudi Arabia: Global Carbon Nanotubes Market, by Type
    - 9.5.4.2.2 Saudi Arabia: Global Carbon Nanotubes Market, by Application
  - 9.5.4.3 UAE: Global Carbon Nanotubes Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.5.4.3.1 UAE: Global Carbon Nanotubes Market, by Type
    - 9.5.4.3.2 UAE: Global Carbon Nanotubes Market, by Application
  - 9.5.4.4 Rest of the Middle East and Africa: Global Carbon Nanotubes Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.5.4.4.1 Rest of the Middle East and Africa: Global Carbon Nanotubes Market, by Type
    - 9.5.4.4.2 Rest of the Middle East and Africa: Global Carbon Nanotubes Market, by Application
9.6 South and Central America: Global Carbon Nanotubes Market
- 9.6.1 South and Central America: Global Carbon Nanotubes Market - Analysis and Forecast to 2028 (US$ Million)
- 9.6.2 South and Central America: Global Carbon Nanotubes Market, by Type
- 9.6.3 South and Central America: Global Carbon Nanotubes Market, by Application
- 9.6.4 South and Central America: Global Carbon Nanotubes Market, by Key Country
  - 9.6.4.2 Argentina: Global Carbon Nanotubes Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.6.4.2.1 Argentina: Global Carbon Nanotubes Market, by Type
    - 9.6.4.2.2 Argentina: Global Carbon Nanotubes Market, by Application
  - 9.6.4.3 Rest of South and Central America: Global Carbon Nanotubes Market -Analysis and Forecast to 2028 (US$ Million)
    - 9.6.4.3.1 Rest of South and Central America: Global Carbon Nanotubes Market, by Type
    - 9.6.4.3.2 Rest of South and Central America: Global Carbon Nanotubes Market, by Application

10. Impact of COVID-19

10.1 Overview - Impact of COVID-19
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe: Impact Assessment of COVID-19 Pandemic
10.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
10.6 South & Central America: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape

11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition

12. Company Profiles

12.1 Nanoshel LLC
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 NanoLab Inc
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 Kumho Petrochemical Co Ltd
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 Klean Industries Inc
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 LG Chem Ltd
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 Raymor Industries Inc
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 Nanocyl SA
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 Arkema SA
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
12.9 Tokyo Chemical Industry Co Ltd
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
12.10 Cabot Corp
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners
13.2 Glossary of Terms