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.

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Segment-

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.

Regional Analysis-

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 sourcehttps://www.fortunebusinessinsights.com/carbon-nanotubes-cnt-market-102700

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  1. author
    27 Aug 2019
    Tomas Mandy

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    1. author
      27 Aug 2019
      Britney Millner

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  2. author
    27 Aug 2019
    Simon Downey

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