According to the new market research report "Global Carbon Nanotube Market - SWCNT, MWCNT, Technology, Applications, Trends & Outlook (2011 - 2016)" published by MarketsandMarkets, the global carbon nanotubes market is expected to grow from $1,603.9 million in 2010 to $3,301.1 million in 2016, at an estimated CAGR of 12.4% from 2011 to 2016.
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Carbon nanotubes are the fastest growing segment in nanomaterial technology market across the globe. The global carbon nanotubes market is divided into submarkets for carbon nanotube types and its applications. The product types include single-walled carbon nanotube (SWCNT) and multi-walled carbon nanotube (MWCNT). The application areas include electronics and semiconductors, chemicals and polymers, batteries and capacitors, energy and utilities, medical applications, composites, aerospace and defense, and others. The others include water applications, cosmetics, FMCG products, and so on.
The market in APAC is driving the CNT sales and is expected to hold 49.1% of the global market share in 2016. The APAC market is expected to have a high CAGR of 12.9% due to increasing supply capacity by major players and high demand from the industries such as chemicals and polymers, batteries, and capacitors.
The global production capacity for multi-walled carbon nanotubes is projected to reach 13,995.7 tons by 2016; with a CAGR of 30.6% from 2011 to 2016; due to major players planning to increase the production capacity of multi-walled carbon nanotubes considering the future demand for MWCNT, which is expected to grow in double digits due to increasing demand driven by lithium-ion battery, automotive components, electronics and semiconductors, and other end user markets.
The U.S. leads the CNT market in North America with 87% market share while Japan leads the Asia Pacific market with 36.4% market share; followed by China with 24.2 %. Within Europe, Germany draws the largest demand with 43.2% market share. Electronics and semiconductors remain the leading demand generating application with 20.80% market share. Some of the raw materials covered in this report are graphite, ethylene, and others.
Some of the key market players in the global carbon nanotubes market based on their market presence and analysis are Bayers MaterialScience (Germany), Showa Denko K.K (Japan), Arkema S.A (France), SouthWest NanoTechnologies, Inc., (U.S.) and CNano Technology Limited (U.S.).
The objective of report is to highlight key market trends and winning imperatives which can be strategically useful and actionable for the stakeholders; i.e. nanomaterial suppliers, nanotechnology companies, SWCNTS/MWCNTS suppliers, electronic components and devices manufacturers, display manufacturers, automotive companies, aerospace and defense companies, medical imaging companies, pharmaceutical companies, chemical companies, construction component manufacturers, PV cell manufacturers, and wind turbine manufactures. The entire report is supported with lots of facts and figures about market size (TONS), market revenues ($million), and raw materials. In addition to market sizes and forecasts, the report also provides a detailed analysis of the market trends and factors influencing market growth, offering in-depth geographic analyses of the CNTs and their applications markets in the North America, Europe, Asia Pacific and Rest of the World (ROW). The report draws the competitive landscape of the global carbon nanotubes market, providing an in-depth comparative analysis of the technological and marketing strategies adopted by key players in order to gain an edge over their competitors.
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