Carbon Nanotubes Market Size Report, Shares, Growth, Demand Analysis to 2026
The global carbon nanotubes market is anticipated to gain traction from their rising utilization in brushes as they enhance electrical, as well as thermal conductivity in commercial electric motors. This information is given by Fortune Business Insights™ in a recent report, titled, “Carbon Nanotubes (CNT) Market Size, Share & Industry Analysis, By Product (Multi Walled Carbon Nanotubes (MWCNT) and Single Walled Carbon Nanotubes (SWCNT)), By Application (Plastics & Composites, Electrical & Electronics, Energy, and Others), and Regional Forecast, 2019-2026.” The report further mentions that the CNT market size was USD 4,560.7 million in 2018 and is projected to reach USD 13,656.0 million by 2026, exhibiting a CAGR of 15.3% during the forecast period.
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Rising Usage of CNT to Favor Growth of the Electrical & Electronics Segment
Based on application, the market is grouped into energy, electrical and electronics, plastics and composites, and others. Amongst these, the electrical and electronics segment held 10.6% CNT market share in 2018. This growth is attributable to the increasing usage of CNT to make various electronic devices. It is especially used to make field-effect transistors and diodes. Also, CNT possesses many features, such as good conductivity and excellent optoelectronic characteristics. It would also contribute to the growth of this segment.
Rising R&D Activities on Polymers to Drive Growth in North America
Geographically, the market is grouped into Asia Pacific, North America, the Middle East and Africa, Latin America, and Europe. Out of these, North America generated USD 1,278.7 million in 2018 in terms of carbon nanotubes market revenue. This growth is attributable to the increased funding provided by many government and private agencies to conduct research and development activities on polymers and composites. Besides, the U.S. is considered to be a major manufacturing base of PEEK and PEI polymers. These are gaining more popularity as they are capable of remolding the electrical, thermal, and mechanical properties of numerous products.
Information source: https://www.fortunebusinessinsights.com/carbon-nanotubes-cnt-market-102700