Carbon Nanotubes (CNT) Market Poised to Achieve Significant Growth By 2022
Global Carbon Nanotubes (CNT)
Market is expected to reach USD 3.42 billion by 2022, according to
a new study by Grand View Research, Inc. Increasing application scope of CNT in
end-use industries including polymers, electronics, energy, marine, aerospace
and automotives is anticipated to drive market growth over the forecast period.
Government of China, Japan, U.S. and India have increased funding aimed at
promoting nanotechnology at domestic level which is expected to open new
avenues for CNT market over the next seven years.
Polymers were the largest application segment,
accounting for over 60% of global CNT market volume in 2014. CNT are
increasingly being fortified in polymers such as composites and plastic
derivatives for improving electrical, thermal and mechanical strength of the
end product. Growing application of polymers in construction, automotive and
consumer goods industry is anticipated to have a positive impact on CNT market
over the forecast period.
Full
Research Report On Global Carbon Nanotubes Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/carbon-nanotubes-cnt-market
www.grandviewresearch.com/industry-analysis/carbon-nanotubes-cnt-market
Further
key findings from the report suggest:
- Global
CNT market demand was stood at 5,064.1 tons in 2014 and is anticipated to
exceed 20,000 tons by 2022, growing at a CAGR of over 18% from 2015 to
2020.
- Multi
walled carbon nanotubes (MWCNT) was the largest product segment,
accounting for majority market volume in 2014. Lower price in comparison
to other CNT products is expected to promote market growth.
- Asia
Pacific was the largest CNT market, accounting for over 40% of global
volume in 2014. Growing plastic and composite industries in China and
India on account of increasing domestic demand coupled with low
manufacturing cost as compared to North America and countries of EU is
anticipated to augment CNT market. Positive electronics industry outlook
in China, South Korea, Singapore, Taiwan and Japan is expected to
significantly impact CNT market over the next seven years.
- Global
CNT market was dominated by four companies, Showa Denko, Nanocyl, CNano
Technology and Future Carbon, accounting for the lions share in 2014.
Product innovation through increased R&D expenditure is anticipated to
remain a key critical success factor for CNT market over the forecast
period. High manufacturing cost is expected to remain a key challenge for
CNT market players.
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/nanoparticles
www.grandviewresearch.com/industry/nanoparticles
For the purpose of this study, Grand View Research has segmented the
global CNT market on the basis of application and region:
Global CNT
Product Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2022)
- Single
Walled Carbon Nanotubes (SWCNT)
- Multi
Walled Carbon Nanotubes (MWCNT)
Global CNT
Application Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2022)
- Polymers
- Energy
- Electrical
& Electronics
- Others
Global CNT
Regional Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2022)
- North
America
- U.S.
- Europe
- Germany
- Latin
America
- Brazil
- Asia
Pacific
- China
- Japan
- MEA
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/carbon-nanotubes-market
www.grandviewresearch.com/press-release/carbon-nanotubes-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More
Information: www.grandviewresearch.com
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