PUNE, India, December 9, 2015 /PRNewswire/ --
The report "Carbon Nanotubes Market by Type (Single Walled- And Multi-Walled), by Application (Electronics & Semiconductors, Chemical & Polymers, Batteries & Capacitors, Energy, Medical Application, Advanced Materials, Aerospace & Defense, Others) - Global Forecasts to 2020", published by MarketsandMarkets, The global Market size is estimated to grow from USD 2.26 Billion in 2015 to USD 5.64 Billion by 2020, at a CAGR of 20.1%.
Browse more than 73 market data Tables with 50 Figures spread through 147 Pages and in-depth TOC on "Carbon Nanotubes Market".
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The market is driven by high demand of carbon nanotubes from the electronics & semiconductors, advanced materials, chemical & polymers, and batteries & capacitors applications. Unmatched mechanical & transport properties are the prime factors for the growth of carbon nanotubes, globally. Among all the regions considered, Asia-Pacific and North America are estimated to witness a strong growth in the next five years. The demand in these regions is fueled by the emerging markets such as India, Brazil, and Mexico.
Electronics & Semiconductors is the largest application of carbon nanotubes.
In 2015, the electronics & semiconductors application segment accounted for the largest market share among all the applications, in terms of value, followed by advanced materials, chemical & polymers, and batteries & capacitors applications. The aerospace & defense application is estimated to witness the highest CAGR between 2015 and 2020, in terms of volume.
Rising demand from Asia-Pacific is the major driver of the global carbon nanotubes market
In 2015, Asia-Pacific is estimated to account for the largest market share, in terms of volume, and is projected to witness the highest CAGR during the forecast period. The robust demand in Asia-Pacific is the major driving factor for the global carbon nanotubes market. China will lead the demand for carbon nanotubes due to its increased industrial production in the last 3-4 years. It is also among the largest consumer of carbon nanotubes at the global level. The markets in other emerging economies such as Brazil, India, and Mexico are also projected to grow rapidly.
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The players profiled in the carbon nanotubes market report are Arkema S.A. (France), Arry International Group LTD. (China), Carbon Solutions Inc. (U.S.), Cheap Tubes Inc. (U.S.), CNano Technology LTD. (U.S.), CNT COMPANY LTD. (Korea), Continental Carbon Company (U.S.), Hanwha Chemical Co. Ltd. (Korea), Hyperion Catalysis international Inc. (U.S.), KLEAN CARBON INC. (Canada), Kumho Petrochemical Company LTD. (South Korea), Nano-C Inc (U.S.), Nanocyl S.A. (Belgium), NanoIntegris inc. (U.S.), NanoLab, Inc. (U.S.), Nanoshel LLC (U.S.), Nanothinx S.A. (Greece), Showa Denko K.K. (Japan), SouthWest NanoTechnologies Inc. (U.S.), Thomas Swan & Co. Ltd. (U.K.), and Toray Industries, Inc. (Japan).
The scope of the report covers detailed information regarding the major factors influencing the growth of the carbon nanotubes market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products & services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, collaborations, and other recent developments associated with the market.
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