Carbon Nanotubes (CNT) Market Analysis by P&S Market Research

GLOBAL INDUSTRY INSIGHT:
Carbon Nanotubes (CNT) Market Analysis, Development, Growth and
Demand Forecast to 2020

Carbon Nanotubes Market Analysis, Development, Growth and
Demand Forecast to 2020
The global carbon nanotubes (CNT) market is growing at a significant rate, due to growing
electronics industry, technological advancements, and high demand from current applications of
CNT. Additionally, the growth of polymer industry, increasing importance of alternate sources of
energy and superior properties of CNT is also supporting the growth of the global market. The
increasing application areas with decrease in CNT prices and emerging economies are some of the
factors providing ample growth opportunities for the global carbon nanotubes market. Some of the
factors restraining the growth of the market are environmental concerns and health risks regarding
usage of CNT, and high price and processing difficulties.
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The importance of nanomaterial among the consumers is increasing, due to favorable regulatory
support at domestic levels by the governments in Japan, the U.S., and countries of European
Union. For enhancing the mechanical, electrical and thermal properties of bulk products, carbon
nanotubes are used as composite fiber in polymers. The increasing application scope in automotive
and construction industries is supporting the growth of polymer production in emerging economies,
such as Middle East, Brazil, India and China. Silicon is used for coating CNT and it is further used in
the manufacturing of lithium ion batteries. CNT is used in the batteries to increase the efficiency of
battery with more than 10 times. The increasing application of lithium ion battery in renewable
energy storage and grid is supporting the growth of the global CNT market.
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Among the various regions, Asia-Pacific led the market in 2014, and is also expected to maintain
its dominance during the forecast period. This dominance is due to growing polymer industry in
China and India. Additionally, the increasing electronics manufacturing in Japan and China is also
supporting the growth of the Asia-Pacific market. North America also holds a significant share in
the global market, due to robust production of engineered polymers, such as polyether ether
ketone in the U.S. Additionally, the National Infrastructure Plan in Mexico is supporting the growth
of electronics and energy sectors in the region, which is further supporting the growth of the
carbon nanotubes market.
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Carbon Nanotubes Market Analysis, Development, Growth and
Demand Forecast to 2020
Among the products, the multi walled carbon nanotubes segment led the global market in 2014,
due to high tensile strength of multi walled carbon nanotubes, in comparison to single walled
carbon nanotubes. For increasing repellency towards airborne contamination and dissipating static
electricity in engineered polymers, such as polyether ether ketone, polyether amide, and
polycarbonate; multi walled CNT are increasingly being used. One of the major advantages of multi
walled CNT over single walled CNT is high production cost related to single walled CNT. Among all
the applications, the chemical and polymer segment led the global market in 2014 and is also
expected to dominate in the coming years. The increasing applications of engineered polymers in
automotive and construction industries is expected to support the dominance of chemical and
polymer applications of CNT. The application of carbon nanotubes is also increasing in composites
with a considerable rate, due to lightweight property of composites.
Some of the competitors in the global carbon nanotubes market are Hanwha Chemical Corporation,
Nanocyl SA, Carbon Solutions Inc., Nanothinx S.A., Hyperion Catalysis International Inc., Cnano
Technology Limited, SouthWest NanoTechnologies Inc., and Thomas Swan & Co. Ltd.
Global Carbon Nanotubes (CNT) Market Segmentation
By Product
‣ Single Walled CNT
‣ Multi Walled CNT
By Application
‣ Energy
‣ Chemical and Polymers
‣ Composites
‣ Medical Applications
‣ Batteries and Capacitors
‣ Others
By Geography
‣ North America
o The U.S.
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Carbon Nanotubes Market Analysis, Development, Growth and
Demand Forecast to 2020
‣ Europe
o Germany
‣ Asia-Pacific
o China
o Japan
‣ Rest of the World
o Brazil
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