According to the report published
by Allied Market Research, the global industrial carbon
nanotubes market was
estimated at 2.3 billion in 2020 and is expected to hit $10.3 billion by 2030,
registering a CAGR of 16.3% from
2021 to 2030. The report provides an in-depth analysis of the top investment
pockets, top winning strategies, drivers & opportunities, market size &
estimations, competitive scenario, and wavering market trends.
Rise in demand from the end-use
industries and advancements in carbon nanotechnology fuel the growth of the
global industrial carbon nanotubes market. On the other hand, several production
scale-up challenges, the resultant high prices, and increase in demand for
inorganic and boron nitride nanotubes impede the growth to some extent.
However, biomedical applications of carbon nanotubes and commercial release of
CNT transistors are expected to create lucrative opportunities in the industry.
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The key market players analyzed in the global industrial carbon
nanotubes report include Cabot
Corporation, CHASM Advanced Materials Inc., CHEAPTUBES, Hyperion Catalysis
International, Jiangsu Tiannai Technology Co. Ltd., Kumho Petrochemical, LG
Chem, Nano-C, Nanocyl SA, Arkema SA, Toray Industries, Nanostructured &
Amorphous Materials Inc., Nopo Nanotechnologies, OCSiAl, Ossila Ltd., Raymor
Industries, Showa Denko K.K., Klean Industries, Thomas Swan and Co. Ltd., and
Tokyo Chemical Industry Co. Ltd. These market players have incorporated
several strategies including partnership, expansion, collaboration, joint
ventures, and others to brace their stand in the industry.
COVID-19 scenario-
·
Dearth of skilled labor force and halted
manufacturing operations gave way to disrupted supply chain, leading to a
shortage of essential automotive components, thereby impacting the industrial
carbon nanotubes market negatively.
·
Financial turbulence in leading economies has
also delayed commissioning of new renewable electricity projects, which in turn
has affected the global market for industrial carbon nanotubes.
The global industrial carbon
nanotubes market is analyzed across type, technology, application, and region.
Based on type, the MWCNT segment
held the major share in 2020, garnering nearly three-fourths of the total
market. The SWCNT segment, however, would cite the fastest CAGR of 20.9% during
the forecast period.
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By technology, the CVD segment
accounted for more than one-fifth of the total market revenue in 2020, and is
anticipated to retain its dominance by 2030. The catalytic CVD segment, on the
other hand, would grow at the fastest CAGR of 17.9% from 2021 to 2030.
Based on region, the market
across Asia-Pacific contributed to the major share in 2020, holding
nearly two-fifths of the global market. The same region would also grow at the fastest CAGR by 17.5% from 2021 to
2030. The other provinces studied in the report include North America, Europe,
Middle East, Africa, and South America.
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About Us:
Allied Market Research (AMR) is a
full-service market research and business-consulting wing of Allied Analytics
LLP based in Portland, Oregon. Allied Market Research provides global
enterprises as well as medium and small businesses with unmatched quality of
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Solutions." AMR has a targeted view to provide business insights and
consulting to assist its clients to make strategic business decisions and
achieve sustainable growth in their respective market domain.
Pawan
Kumar, the CEO of Allied Market Research, is leading the organization
toward providing high-quality data and insights. We are in professional
corporate relations with various companies and this helps us in digging out
market data that helps us generate accurate research data tables and confirms
utmost accuracy in our market forecasting. Each and every data presented in the
reports published by us is extracted through primary interviews with top
officials from leading companies of domain concerned. Our secondary data
procurement methodology includes deep online and offline research and
discussion with knowledgeable professionals and analysts in the industry.
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