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Middle East & Africa Carbon Nanotubes Market Forecast to 2028 -Regional Analysis

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    Report

  • 83 Pages
  • June 2023
  • Region: Africa, Middle East
  • The Insight Partners
  • ID: 5887970
The Middle East & Africa Carbon Nanotubes Market carbon nanotubes market is expected to grow from US$ 414.84 million in 2022 to US$ 969.22 million by 2028. It is estimated to grow at a CAGR of 15.2% from 2022 to 2028.

Adoption of Carbon Nanotubes for Cancer Treatment Fuels Middle East & Africa Carbon Nanotubes Market

According to the World Health Organization, cancer has been the leading cause of death worldwide, registering 9.6 million and 10 million deaths in 2018 and 2020, respectively. Several types of research focused on developing efficient cancer treatment processes have been conducted; however, optimum technology to reduce cancer-causing deaths has not been achieved. In the past few years, nanotechnology has emerged as an alternative treatment technology for several disorders, specifically cancer.

The recent advancement in drug delivery and cancer treatment involves the utilization of nanocarriers, such as CNTs, solid lipid nano capsules, magnetic nanoparticles, gold nanoparticles, and liposomes. The electrical, optical, chemical, and mechanical properties of CNTs are employed in drug delivery systems, biomedical imaging, and antimicrobial technology. Therefore, CNT-based anticancer drug delivery technology is gaining popularity, especially due to its selective targeting and controlling of drug delivery. Scientists have developed a novel technology to directly introduce the anticancer drug - doxorubicin - through CNTs from spherical sacs of phospholipid molecules (liposomes) via the cell plasma membrane. This fusion process allows the drug to pass freely from the liposome to the cell. This results in the effective delivery of doxorubicin, killing up to 90% of disordered cells. Thus, the adoption of CNTs in cancer treatment can create lucrative growth opportunities for the carbon nanotubes market during the forecast period.

Middle East & Africa Carbon Nanotubes Market Overview

The carbon nanotubes market in the Middle East & Africa is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The regional market is still at a nascent stage, with limited adoption in various industries. The region has received significant investments in research and development related to carbon nanotubes, which could propel the market growth. The UAE is one of the key countries driving the growth of the carbon nanotubes market in the region. In 2021, researchers at the Khalifa University of Science and Technology in Abu Dhabi developed a new method for producing high-quality carbon nanotubes using a chemical vapor deposition process. The researchers demonstrated the potential of these carbon nanotubes in applications such as energy storage and water filtration. Moreover, other countries in the region such as Saudi Arabia and Egypt are investing in research and development related to carbon nanotubes. In 2020, researchers at King Abdullah University of Science and Technology (KAUST) in Saudi Arabia developed a new method for producing carbon nanotubes using high-pressure carbon monoxide (HiPco) synthesis technique. The resulting carbon nanotubes were found to have high purity and excellent mechanical properties, such as high elastic modulus and tensile strength, with potential applications in fields such as electronics and energy storage.

South Africa is another key country in the carbon nanotubes market in the Middle East & Africa, with several companies such as Nanocyl SA and CNT Technologies producing and commercializing carbon nanotubes. In addition, several research institutions such as the Council for Scientific and Industrial Research (CSIR) are conducting research on carbon nanotubes and their applications.

Exhibit: Middle East & Africa Carbon Nanotubes Market Revenue and Forecast to 2028 (US$ Million)

Middle East & Africa Carbon Nanotubes Market Segmentation

The Middle East & Africa carbon nanotubes market is segmented into type, application, and country.

Based on type, the Middle East & Africa carbon nanotubes market is bifurcated into multi-walled carbon nanotubes, and single-walled carbon nanotubes. The multi-walled carbon nanotubes segment registered the largest market share in Middle East & Africa carbon nanotubes market in 2022.

Based on application, the Middle East & Africa carbon nanotubes market is segmented into electronics and semiconductors, energy storage, structural composites, aerospace and defense, medical, and others. The structural composites segment held a larger market share in 2022.

Based on country, the market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Saudi Arabia dominated the market share in 2022.

Nanoshel LLC ; Kumho Petrochemical Co Ltd; Klean Industries Inc; LG Chem Ltd; Arkema SA; and Cobot Corp are the leading companies operating in the carbon nanotubes market in the region.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Middle East & Africa Carbon Nanotubes Market, by Type
1.3.2 Middle East & Africa Carbon Nanotubes Market, by Application
1.3.3 Middle East & Africa Carbon Nanotubes Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.1.1 Middle East & Africa 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. Middle East & Africa 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-Use Industries
4.4 Expert Opinions
5. Middle East & Africa 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 - Middle East & Africa Market Analysis
6.1 Middle East & Africa Carbon Nanotubes Market -Revenue and Forecast to 2028 (US$ Mn)
6.2 Middle East & Africa Carbon Nanotubes Market -Volume and Forecast to 2028 (Tons)
7. Middle East & Africa Carbon Nanotubes Market Analysis - By Type
7.1 Overview
7.2 Middle East & Africa 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: Middle East & Africa Carbon Nanotubes Market - Revenue and Forecast to 2028 (US$ Mn)
7.3.3 Multi-Walled Carbon Nanotubes: Middle East & Africa 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: Middle East & Africa Carbon Nanotubes Market - Revenue and Forecast to 2028 (US$ Mn)
7.4.3 Single-Walled Carbon Nanotubes: Middle East & Africa Carbon Nanotubes Market -Volume and Forecast to 2028 (Tons)
8. Middle East & Africa Carbon Nanotubes Market Analysis - By Application
8.1 Overview
8.2 Middle East & Africa Carbon Nanotubes Market, By Application (2021 and 2028)
8.3 Electronics and Semiconductors
8.3.1 Overview
8.3.2 Electronics and Semiconductors: Middle East & Africa Carbon Nanotubes Market - Revenue and Forecast to 2028 (US$ Mn)
8.4 Energy Storage
8.4.1 Overview
8.4.2 Energy Storage: Middle East & Africa Carbon Nanotubes Market - Revenue and Forecast to 2028 (US$ Mn)
8.5 Structural Composites
8.5.1 Overview
8.5.2 Structural Composites: Middle East & Africa Carbon Nanotubes Market - Revenue and Forecast to 2028 (US$ Mn)
8.6 Aerospace and Defence
8.6.1 Overview
8.6.2 Aerospace and Defence: Middle East & Africa Carbon Nanotubes Market - Revenue and Forecast to 2028 (US$ Mn)
8.7 Medical
8.7.1 Overview
8.7.2 Medical: Middle East & Africa Carbon Nanotubes Market - Revenue and Forecast to 2028 (US$ Mn)
8.8 Others
8.8.1 Overview
8.8.2 Others: Middle East & Africa Carbon Nanotubes Market - Revenue and Forecast to 2028 (US$ Mn)
9. Middle East & Africa Carbon Nanotubes Market - Country Analysis
9.1 Middle East and Africa: Carbon Nanotubes Market
9.1.1 Middle East and Africa Carbon Nanotubes Market, by Key Country
9.1.1.1 South Africa: Carbon Nanotubes Market -Analysis and Forecast to 2028 (US$ Million)
9.1.1.1.1 South Africa: Carbon Nanotubes Market, by Type
9.1.1.1.2 South Africa: Carbon Nanotubes Market, by Application
9.1.1.2 Saudi Arabia: Carbon Nanotubes Market -Analysis and Forecast to 2028 (US$ Million)
9.1.1.2.1 Saudi Arabia: Carbon Nanotubes Market, by Type
9.1.1.2.2 Saudi Arabia: Carbon Nanotubes Market, by Application
9.1.1.3 UAE: Carbon Nanotubes Market -Analysis and Forecast to 2028 (US$ Million)
9.1.1.3.1 UAE: Carbon Nanotubes Market, by Type
9.1.1.3.2 UAE: Carbon Nanotubes Market, by Application
9.1.1.4 Rest of the Middle East and Africa: Carbon Nanotubes Market -Analysis and Forecast to 2028 (US$ Million)
9.1.1.4.1 Rest of the Middle East and Africa: Carbon Nanotubes Market, by Type
9.1.1.4.2 Rest of the Middle East and Africa: Carbon Nanotubes Market, by Application
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
10.4 Merger and Acquisition
11. Company Profiles
11.1 Nanoshel LLC
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Kumho Petrochemical Co Ltd
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Klean Industries Inc
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 LG Chem Ltd
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.6 Arkema SA
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Cabot Corp
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
12. Appendix
12.1 About The Publisher
12.2 Glossary of Terms
List of Tables
Table 1. Middle East & Africa Carbon Nanotubes Market -Revenue and Forecast to 2028 (US$ Mn)
Table 2. Middle East & Africa Carbon Nanotubes Market -Volume and Forecast to 2028 (Tons)
Table 3. Middle East & Africa Carbon Nanotubes Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 4. Middle East & Africa Carbon Nanotubes Market, by Type-Volume and Forecast to 2028 (Tons)
Table 5. Middle East & Africa Carbon Nanotubes Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 6. South Africa Carbon Nanotubes Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 7. South Africa Carbon Nanotubes Market, by Type - Volume and Forecast to 2028 (Tons)
Table 8. South Africa Carbon Nanotubes Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 9. Saudi Arabia Carbon Nanotubes Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 10. Saudi Arabia Carbon Nanotubes Market, by Type - Volume and Forecast to 2028 (Tons)
Table 11. Saudi Arabia Carbon Nanotubes Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 12. UAE Carbon Nanotubes Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 13. UAE Carbon Nanotubes Market, by Type - Volume and Forecast to 2028 (Tons)
Table 14. UAE Carbon Nanotubes Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 15. Rest of the Middle East and Africa Carbon Nanotubes Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 16. Rest of the Middle East and Africa Carbon Nanotubes Market, by Type - Volume and Forecast to 2028 (Tons)
Table 17. Rest of the Middle East and Africa Carbon Nanotubes Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 18. Glossary of Terms, Middle East & Africa Carbon Nanotubes Market
List of Figure
Figure 1. Middle East & Africa Carbon Nanotubes Market Segmentation
Figure 2. Middle East & Africa Carbon Nanotubes Market Segmentation - By country
Figure 3. Middle East & Africa Carbon Nanotubes Market Overview
Figure 4. Middle East & Africa Carbon Nanotubes Market, By Type
Figure 5. Middle East & Africa Carbon Nanotubes Market, by Country
Figure 6. Porter’s Five Forces Analysis of Middle East & Africa Carbon Nanotubes Market
Figure 7. Middle East & Africa Carbon Nanotubes Market, Ecosystem Analysis
Figure 8. Middle East & Africa Expert Opinion
Figure 10. Middle East & Africa Carbon Nanotubes Market Impact Analysis of Drivers and Restraints
Figure 11. Middle East & Africa Carbon Nanotubes Market - Revenue and Forecast to 2028 (US$ Mn)
Figure 12. Middle East & Africa Carbon Nanotubes Market -Volume and Forecast to 2028 (Tons)
Figure 13. Middle East & Africa Carbon Nanotubes Market Revenue Share, By Type (2021 and 2028)
Figure 14. Multi-Walled Carbon Nanotubes: Middle East & Africa Carbon Nanotubes Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 15. Multi-Walled Carbon Nanotubes: Middle East & Africa Carbon Nanotubes Market -Volume and Forecast To 2028 (Tons)
Figure 16. Single-Walled Carbon Nanotubes: Middle East & Africa Carbon Nanotubes Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 17. Single-Walled Carbon Nanotubes: Middle East & Africa Carbon Nanotubes Market -Volume and Forecast To 2028 (Tons)
Figure 18. Middle East & Africa Carbon Nanotubes Market Revenue Share, By Application (2021 and 2028)
Figure 19. Electronics and Semiconductors: Middle East & Africa Carbon Nanotubes Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 20. Energy Storage: Middle East & Africa Carbon Nanotubes Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 21. Structural Composites: Middle East & Africa Carbon Nanotubes Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 22. Aerospace and Defense: Middle East & Africa Carbon Nanotubes Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 23. Medical: Middle East & Africa Carbon Nanotubes Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 24. Others: Middle East & Africa Carbon Nanotubes Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 25. Middle East and Africa Carbon Nanotubes Market Revenue Share, by Key Country - Revenue (2021) ( US$ Million)
Figure 26. Middle East and Africa: Carbon Nanotubes Market Revenue Share, By Key Country (2021 And 2028)
Figure 27. South Africa: Carbon Nanotubes Market -Revenue and Forecast to 2028 (US$ Million)
Figure 28. South Africa: Carbon Nanotubes Market -Volume and Forecast to 2028 (Tons)
Figure 29. Saudi Arabia: Carbon Nanotubes Market -Revenue and Forecast to 2028 (US$ Million)
Figure 30. Saudi Arabia: Carbon Nanotubes Market -Volume and Forecast to 2028 (Tons)
Figure 31. UAE: Carbon Nanotubes Market -Revenue and Forecast to 2028 (US$ Million)
Figure 32. UAE: Carbon Nanotubes Market -Volume and Forecast to 2028 (Tons)
Figure 33. Rest of the Middle East and Africa: Carbon Nanotubes Market -Revenue and Forecast to 2028 (US$ Million)
Figure 34. Rest of the Middle East and Africa: Carbon Nanotubes Market -Volume and Forecast to 2028 (Tons)

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Nanoshel LLC
  • Kumho Petrochemical Co Ltd
  • Klean Industries Inc
  • LG Chem Ltd
  • Arkema SA
  • Cobot

Table Information