Sarasota, FL, Nov. 09, 2016 (GLOBE NEWSWIRE) -- Zion Research has published a new report titled “Carbon Nanotubes Market, By Type (Single Walled Nanotubes (SWNT), Multi Walled Nanotubes (MWNT)) for Polymers, Electrical and Electronics, Energy, Composites and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2021”. According to the report, the carbon nanotubes market accounted for USD 2.36 Billion in 2015 and is expected to reach USD 5.31 Billion by 2021, growing at a CAGR of around 18.6% between 2016 and 2021.
Carbon nanotubes are nano-sized cylindrical tubes made up of carbon atoms. Carbon nanotubes are segmented by type as single walled nanotubes and multi walled nanotubes. Multi walled nanotubes accounted for significant market share. Revenue value for multi walled nanotubes accounted USD 2.07 billion in 2015 and is expected to grow up to USD 5.12 billion during the forecast period. Furthermore, single walled nanotubes accounted only 6.0% of the total carbon nanotubes market.
Browse through 24 Market Tables and 20 Figures spread over 167 Pages and in-depth TOC on “Global Carbon Nanotubes Market: Type, Application, Product, Size, Share, Industry Segment and Forecast 2015-2021”.
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Electrical and electronics segment accounted over 20% share of the total global carbon nanotubes market in 2015, followed by polymers. The global carbon nanotubes are expected to witness significant growth over the forecast period on account of increasing demand from polymers industry. India, being the global leader in electrical and electronics market will witness a massive investment in CNT in the future. Besides the polymers and electrical and electronics segments, India is set to witness a CAGR growth of 45.3% (2016-2021) in the field of nanotechnology for energy sectors. Asia-Pacific is the fastest growing regional market for CNTs due to the inflow of FDI (Foreign Direct Investment) in the energy sector.
North America accounted around 23% market in 2015. U.S. carbon nanotubes market grow because of robust manufacturing of engineered polymers such as PEEK (Polyether Ether Ketone).U.S. carbon nanotubes market size was valued at over USD 280 million in 2015. Mexico Government has announced National Infrastructure Plans (NIP), for boosting electronics and energy sectors that will increase the demand of CNTs at domestic level during forecast period. North America is expected to exhibit significant increase in demand for CNTs during the forecast period.
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Asia-Pacific is expected to remain one of the largest markets in 2021 on account of growing polymer and electronics industries in China and India. It accounted more than 45% of the global CNTs market in 2015. Increasing electronics manufacturing in China, South Korea, Singapore and Japan is expected to have a positive impact on CNT market. Furthermore, product from complementary industries such as smart phones and LED television showed positive impact on CNTs market in 2015. Government of India has announced National Solar Mission. For this Government has been focusing on production of solar energy and promoting new investments in the manufacturing of solar cells. This is expected to increase the demand for CNT in India for the production of solar cells during the forecast period 2016-2021.
More than 200 companies around the world are manufacturing CNTs and this number is expected to increase to more than 280 within the forecast period 2016-2021. There are more than 1,500 institutions and companies that are engaged in carbon nanotubes Research and Development (R&D).
Browse the full "Carbon Nanotubes Market, By Type (Single Walled Nanotubes (SWNT), Multi Walled Nanotubes (MWNT)) for Polymers, Electrical and Electronics, Energy, Composites and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2021" report at https://www.zionmarketresearch.com/report/carbon-nanotubes-market
Key players in the market include Carbon Solutions, Inc., Cheap Tubes Inc., Klean Carbon Inc., Nanocyl S.A., Nanolab Inc., Southwest Nanotechnologies, Inc., Nanothinx S.A., Toray Industries, Inc., Arry International Group Limited, Hanwha Chemical Co. Ltd.
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This report segments the global carbon nanotubes market as follows:
Global Carbon Nanotubes Market: Type Segment Analysis
- Carbon NanotubesSingle Walled Nanotubes (SWNT)
- Carbon NanotubesMulti Walled Nanotubes (MWNT)
Global Carbon Nanotubes Market: Application Analysis
- Carbon NanotubesPolymers
- Carbon NanotubesElectrical and Electronics
- Carbon NanotubesEnergy
- Carbon NanotubesComposites
- Carbon NanotubesOthers
Global Carbon Nanotubes Market: Regional Segment Analysis
- Carbon NanotubesNorth America
- Carbon NanotubesEurope
- Carbon NanotubesAsia Pacific
- Carbon NanotubesLatin America
- Carbon NanotubesMiddle East and Africa
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