Carbon nanotube (CNT) is an allotrope of carbon with a cylindrical nanostructure. CNT contains a large group of thin hollow fibrous nanomaterial exhibiting different physio-chemical properties. CNT exhibits remarkable characteristics such as electrical, optical, and thermal conductivity; tensile strength; and chemical reactivity, which increase their applicability in industries including aerospace & defense, automotive, construction, electricals & electronics, life science & healthcare, personal care, and others. These properties and applications of CNTs depends on the type and quality of materials used for manufacturing them. The world carbon nanotubes market was $1,033 million in 2015 and is expected to reach $3,812 million by 2022, registering a CAGR of 20.6% from 2016 to 2022.
The characteristic properties of CNTs, such as high tensile strength, electrical conductivity and current carrying capacity, gas & energy storage capacity, are the major factors driving their adoption for various applications. Rising demand form end use industries is expected to drive CNT market worldwide. However, high manufacturing cost and low commercial penetration in various applications are the major restricting factors for the industry. Carbon nanotubes is a core research and development-based industry, and is in the nascent phase of commercialization. Market players have taken significant efforts to reduce cost and improve performance to expand their penetration across various industry verticals.
The world carbon nanotubes market is segmented based on type into single-walled carbon nanotubes (SWCNT) and multi-walled carbon nanotubes (MWCNT). MWCNT segment hold the largest market share in the industry. However, single-walled carbon nanotubes segment is expected to grow at the highest CAGR of 35% during the forecast period. Furthermore, the market is segmented on the basis of applications into structural polymer composites, conductive polymer composites, conductive adhesives, fire retardant plastics, metal matrix composites, Li-ion battery electrodes, and others including rubber tire reinforcement. Li-ion battery electrodes and conductive polymer composites jointly account for more than two-thirds share of the market.
The report segments the carbon nanotubes market based on end users into aerospace & defense, electricals & electronics, automotive, energy, sporting goods, industrial, and others. Sporting goods is expected to be the fastest growing segment by 2022, registering a CAGR of 25.2% (in terms of volumes) during the forecast period. The market is categorized on the basis of four regions, namely North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the market, followed by North America and Europe.
Key Companies profiles in the market are:
Future Carbon GmbH
Cnano Technology Limited
Hyperion Catalysis International, Inc.
Klean Industries Inc.
Mitsubishi Rayon Co. Ltd.
Toray Industries, Inc.
KEY MARKET BENEFITS:
Comprehensive analysis of factors that drive and restrict the growth of the global carbon nanotubes market is provided in the report.
The segmentation of the carbon nanotubes market based on region is provided to understand the ongoing trends across various geographies.
Exhaustive analysis of the world carbon nanotubes market
BY END USER helps in understanding the penetration level of carbon nanotubes in various applications across different regions and countries.
Competitive intelligence of leading manufacturers and distributors of CNT helps in understanding the competitive scenario across various geographies.
In-depth analyses of current research and developments in the carbon nanotubes market is provided along with key market dynamic factors to understand the market dynamics.
The report provides quantitative analysis of the current market and estimations for the period of 2014-2022 to identify the prevailing market opportunities.
Extensive analysis of the market is conducted by following key product positioning and monitoring the top contenders in the market.
Key players in the carbon nanotubes market have been profiled in the report and their strategies have been analyzed thoroughly to understand the competitive outlook of the market.
Key market segment:
The world carbon nanotubes market is segmented as below:
World Carbon Nanotubes Market –
Single-Walled Carbon Nanotubes (SWCNTs)
Multi-Walled Carbon Nanotubes (MWCNTs)
World Carbon Nanotubes Market –
Structural Polymer Composites
Conductive Polymer Composites
Fire Retardant Plastics
Metal Matrix Composites
Li-ion Battery Electrodes
World Carbon Nanotubes Market –
BY END USER
Electricals & Electronics
Aerospace & Defence
World Carbon Nanotubes Market –
Rest of Europe
Rest of APAC
Rest of LAMEA
1.1 Report description
1.2 Key market benefits
1.3 Key market segments
1.4 Research methodology
1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Market snapshot
2.2 CXO perspective
CHAPTER 3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 Key findings
3.2.1 Top investment pockets
3.2.2 Top winning strategies
3.3 Value chain analysis
3.4 Porters five forces analysis
3.4.1 Bargaining power of suppliers
3.4.2 Bargaining power of buyers
3.4.3 Threat of substitutes
3.4.4 Competitive rivalry
3.4.5 Threat of new entrants
3.5 Market dynamics
18.104.22.168 Growing demand In electricals & electronics industries
22.214.171.124 Rising demand for carbon nanotubes in the asia-pacific region
126.96.36.199 Growing penetration in aerospace & defense sector
188.8.131.52 Wide Acceptance of MWCNTs
184.108.40.206 Significant Investment in research & development activities
220.127.116.11 Growing demand for renewable energy sources
18.104.22.168 High Production Cost of SWCNT
22.214.171.124 Growing demand for inorganic and boron nitride nanotubes
126.96.36.199 Healthcare market in asia-pacific Region
188.8.131.52 Growing Penetration in Automotive Industry
3.6 Key Norms and Regulations in the World Carbon Nanotubes Market
3.6.1 North America
CHAPTER 4 WORLD CARBON NANOTUBES MARKET, BY TYPE
4.1.1 Market size and forecast
4.2.1 Key market trends
4.2.2 Key growth factors and opportunities
4.2.3 Market size and forecast
4.3.1 Key market trends
4.3.2 Key growth factors and opportunities
4.3.3 Market size and forecast
CHAPTER 5 WORLD CARBON NANOTUBES MARKET, BY APPLICATION
5.1.1 Market size and forecast
5.2 Structural polymer composites
5.2.1 Market size and forecast
5.3 Conductive Polymer Composites
5.3.1 Market size and forecast
5.4 Conductive Adhesives
5.4.1 Market size and forecast
5.5 Fire-retardant plastics
5.5.1 Market size and forecast
5.6 Metal matrix composites
5.6.1 Market size and forecast
5.7 Li-Ion battery electrodes
5.7.1 Market size and forecast
5.8 Others (Including rubber tire reinforcement)
5.8.1 Market size and forecast
CHAPTER 6 WORLD CARBON NANOTUBES MARKET, BY END USER
6.1.1 Market size and forecast
6.2 Electricals & Electronics
6.2.1 Market size and forecast
6.3 Aerospace & Defense
6.3.1 Market size and forecast
6.4.1 Market size and forecast
6.5 Sporting goods
6.5.1 Market size and forecast
6.6.1 Market size and forecast
6.7.1 Market size and forecast
6.8.1 Market size and forecast
CHAPTER 7 WORLD CARBON NANOTUBES MARKET, BY GEOGRAPHY
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key market trends
7.2.2 Key growth factors and opportunities
7.2.3 Market size and forecast
7.3.1 Key market trends
7.3.2 Key growth factors and opportunities
7.3.3 Market size and forecast
7.3.9 Rest of Europe
7.4.1 Key market trends
7.4.2 Key growth factors and opportunities
7.4.3 Market size and forecast
7.4.8 Rest of Asia-Pacific
7.5.1 Key market trends
7.5.2 Key growth factors and opportunities
7.5.3 Market size and forecast
7.5.6 Rest of LAMEA
CHAPTER 8 COMPANY PROFILE
8.1 Arkema Group
8.1.1 Company overview
8.1.2 Operating business segments
8.1.3 Business performance
8.1.4 Key strategic moves and developments
8.2 Operating business segments
8.3 Cnano Technology Limited
8.3.1 Company overview
8.3.2 Operating business segments
8.3.3 Business performance
8.3.4 Key strategic moves and developments
8.4 Futurecarbon Gmbh
8.4.1 Company overview
8.4.2 Operating business segments
8.4.3 Key strategic moves and developments
8.5 Hyperion Catalysis International
8.5.1 Company overview
8.5.2 Operating business segments
8.5.3 Key strategic moves and developments
8.6 Klean Industries Inc.
8.6.1 Company overview
8.6.2 Operating business segments
8.6.3 Key strategic moves and developments
8.7 Mitsubishi Rayon Co., Ltd.
8.7.1 Company overview
8.7.2 Operating business segments
8.7.3 Business performance
8.8 Nanocyl S.A.
8.8.1 Company overview
8.8.2 Operating business segments
8.8.3 Key strategic moves and developments
8.9.1 Company overview
8.9.2 Operating business segments
8.9.3 Key strategic moves and developments
8.10 Toray Industries, Inc.
8.10.1 Company overview
8.10.2 Operating business segments
8.10.3 Business performance
8.10.4 Key strategic moves and developments
8.11 Unidym, Inc.
8.11.1 Company overview
8.11.2 Operating business segments
8.11.3 Key strategic moves and developments
CNTs have been widely used for several applications such as conductive polymer composites, li-ion battery electrodes, and others. The carbon nanotubes market is research- and development-oriented, which provides tremendous scope for the growth of market players. Industry players have heavily invested to develop new products and reduce the overall production costs of SWCNTs and MWCNTs. Multi-walled carbon nanotubes (MWCNTs) is the most widely accepted type in the industry owing to low cost and wide array of commercial application.
Conductive polymer composites stood as the largest application segment in 2015, accounting for around half of the market share, followed by Li-ion battery electrodes, structural polymer composites, and fire retardant plastics segments. CNTs exhibit remarkable mechanical properties such as high tensile strength and tensile modulus, which make them ideal for use in fabricating composite parts.
The automotive and electrical& electronics segments jointly accounted for more than 50% share of the overall market in 2015, and is expected to maintain this trend throughout the forecast period. Increasing adoption of composites parts in the automotive and electrical& electronics industries is the key driving factor of the market.
Key findings of the Carbon Nanotubes (CNTs) Market study:
Single-walled carbon nanotubes market revenue is expected to witness the highest CAGR of 27% during the forecast period.
Conductive polymer composites was the largest application segment for carbon nanotubes with around 50% market share in 2015.
Sporting goods is expected to be the fastest growing end user segment with a CAGR of 22% (value terms) during the analysis period.
Asia-Pacific market revenue is likely to lead the market throughout 2022, growing at a CAGR of 21.6% from 2016 to 2022.
China was the leading country in the world carbon nanotubes market in 2015, and is expected to maintain its lead during the forecast period.
North America and Asia-Pacific collectively accounted for nearly three-fourths of the worldwide demand for carbon nanotubes and are expected to maintain their lead position throughout the forecast period. However, Asia-Pacific is projected to be the fastest growing segment, with a CAGR of 21.6% (revenue terms), followed by North America and Europe. Exception mechanical and chemical properties of carbon nanotubes is driving its demand in various applications across the globe. The North American conductive polymer composites application market was valued at $89.7 million in 2014 and is projected to reach $370.9 million by 2022.
In the CNT industry, all the major players are investing significantly in research and development sector to find new commercial applications and reduce price for carbon nanotubes. The major companies profiled in the report include Arkema Group, FutureCarbon GmbH, CNano Technology Limited, Nanocyl S.A., Hyperion Catalysis International, Inc., OCSiAL, Klean Industries Inc., Mitsubishi Rayon Co., Ltd., Unidym Inc., and Toray Industries Inc.