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Carbon Nanotubes Market

 
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Global Carbon Nanotubes Market Size 2017 By Product (Multiwall Carbon Nanotubes, Single-Walled Carbon Nanotubes), By Manufacturing Method (Chemical Vapor Deposition (CVD), Catalytic Chemical Vapor Deposition (CCVD), Arc Discharge, Laser Ablation), By Application (Polymers, Energy, Electrical & Electronics, Others), By End-Use, By Region and Forecast 2018 to 2025

Feb 2019
Total Pages: 60

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In 2017, the global carbon nanotubes market size was USD 1.36 billion. Growing demand in the production of technology-intensive products such as touch panels, automotive parts, electronic packaging, surfboards, medical devices, industrial components, ice hockey sticks, golf clubs, plastic additives, transportation fuel system components, and battery electrode additives is expected to increase the global carbon nanotubes market demand over the projected period.

                                    Global Carbon Nanotubes Market Size, by Region, 2015-2025 (USD Billion)

Global Carbon Nanotubes Market Size, by Region, 2015-2025 (USD Billion)

Multiwall carbon nanotubes (MWCNT) dominated the global carbon nanotube market share in 2017 with a consumption exceeding 1 kilo ton. MWCNT market is expected to grow by virtue of increasing demand for composites and polymer applications in electrostatic discharge, automotive components, lithium-ion battery, and aerospace structural parts. Single-walled carbon nanotubes market is expected to grow steadily on account of high prices and limited end-user industries such as passive electronics industry.

In 2017, catalytic chemical vapor deposition (CCVD) and chemical vapor deposition (CVD) together accounted for more than 70% of the global carbon nanotube market share. Large scale production output, a high degree of control, high purity and yield, and easy scalability has increased adoption of CCVD and CVD manufacturing techniques over the past few years.

                                 Global Carbon Nanotube Market Share, by Application, 2017 (%)

Global Carbon Nanotube Market Share, by Application, 2017 (%)

Global electrical & electronics manufacturing market size was more than USD 2 trillion in 2017 and is growing rapidly by virtue of the introduction of automation and robotics. Carbon nanotubes in electrical & electronics application accounted for more than 10% of the overall market share in 2017. High electrical and thermal conductivity, large aspect ratio, small diameters, and outstanding mechanical properties make carbon nanotubes ideal for electrical & electronics application. Increasing usage in electronic devices, biosensors, white light sources, transistors, lithium-ion batteries, cathode ray tubes, hydrogen storage cells, electrical shielding, and electron field emitters is expected to increase market penetration over the coming years.

Global healthcare expenditure in 2017 was more than USD 7 trillion. Increasing population coupled with technological advancement in the healthcare industry is expected to increase carbon nanotube market expansion over the coming years. Increased adoption as a channel in biotechnology and biomedical for drug delivery, biosensors, transfection of DNA, and sheathe for enzymes is projected to add market growth over the projected period.

North America carbon nanotubes market accounted for more than 25% of overall market share in 2017. New product development and technological upgrade in automotive and electrical & electronics industry in the U.S., and Canada are expected to unleash innovations in carbon nanotubes industry over the coming years. Growing demand for consumer electronics and electric vehicles in this region is expected to open opportunities for carbon nanotubes manufacturers over the coming years. Carbon nanotubes are also extensively used in lithium-ion batteries. Increasing lithium-ion battery demand for smartphones to enhance efficiency and extend shelf life is projected to increase the adoption of carbon nanotubes over the coming years.

The global carbon nanotubes (CNT) market is consolidated in nature as leading players accounted for more than 60% of the overall market share in 2017. Key manufacturers operating in this industry are Nanocyl SA, SHOWA DENKO K.K., Cnano Technology, Arry International Group Limited, Arkema, Carbon Solutions, Inc., CNT Co., Ltd., Cheap Tubes, OCSiAl, Hanwha Chemical Corporation, Nano-C, and Continental Carbon Company.

Manufacturers operating in global carbon nanotubes market are adopting M&A strategies to strengthen their global position and gain a competitive advantage over other manufacturers. For instance, in 2019, SABIC, a Saudi based manufacturing company engaged in chemicals, fertilizers, petrochemicals, and industrial polymers, acquired Black Diamond Structures, a company specialized in producing carbon nanotubes. Adding BDS product portfolio such as MOLECULAR REBAR in SABIC’s specialty business is expected to open new avenues beyond the energy storage industry. In addition, in 2014, CurTran LLC, an American company, specialized in nanotube wire conductors, had signed an agreement with Weatherford International Ltd. According to this agreement Weatherford will sell, use and distribute LiteWire, a CNT technology in cable and wire form.

Key segments of the global carbon nanotubes market

Product Overview, 2015-2025 (Tons) (USD Million)

  • Multiwall Carbon Nanotubes
  • Single-Walled Carbon Nanotubes

Manufacturing Method Overview, 2015-2025 (Tons) (USD Million)

  • Chemical Vapor Deposition
  • Catalytic Chemical Vapor Deposition
  • Arc Discharge
  • Laser Ablation

Application Overview, 2015-2025 (Tons) (USD Million)

  • Polymers
  • Energy
  • Electrical & Electronics
  • Others

End-Use Overview, 2015-2025 (Tons) (USD Million)

  • Automotive
  • Aerospace & Defence
  • Construction
  • Healthcare
  • Others

Regional Overview, 2015-2025 (Tons) (USD Million)

  • North America
    • U.S.
  • Europe
    • Germany
  • Asia-Pacific
    • China
    • Japan
  • Middle East & Africa
  • Latin America
    • Brazil

Reasons for the study

  • The study assesses the dynamics and movement of the global carbon nanotubes market across various geographies
  • While studying the global carbon nanotubes market, we observed that the demand for carbon nanotubes is expected to be tremendous in developing countries for automotive and healthcare applications
  • The market is consolidated and major players have their presence across the globe. The companies, as a strategic step planning to enter untapped market in the coming years

What does the report include?

  • The study on the global carbon nanotubes market includes qualitative factors such as drivers, and restraints
  • The study covers qualitative and quantitative analysis of the market segmented on the basis of product, manufacturing method, application, and end-use. Moreover, the study provides similar information for the key geographies
  • Actual market sizes and forecasts have been provided for all the above-mentioned segments
  • The study includes the profiles of key players in the market with a significant global and/or regional presence

Who should you buy this report?

  • The global carbon nanotubes market study meets the needs for various parties including government and non-government associations, consultants, analysts, researchers and academicians
  • The report is also suitable for companies that are currently operating in the market as well as those looking to integrate their operations from either component manufacturing or end products.
  • Moreover, the study can also help new entrants take informed decisions about venturing into the market.



In 2017, the global carbon nanotubes market size was USD 1.36 billion. Growing demand in the production of technology-intensive products such as touch panels, automotive parts, electronic packaging, surfboards, medical devices, industrial components, ice hockey sticks, golf clubs, plastic additives, transportation fuel system components, and battery electrode additives is expected to increase the global carbon nanotubes market demand over the projected period.

                                    Global Carbon Nanotubes Market Size, by Region, 2015-2025 (USD Billion)

Global Carbon Nanotubes Market Size, by Region, 2015-2025 (USD Billion)

Multiwall carbon nanotubes (MWCNT) dominated the global carbon nanotube market share in 2017 with a consumption exceeding 1 kilo ton. MWCNT market is expected to grow by virtue of increasing demand for composites and polymer applications in electrostatic discharge, automotive components, lithium-ion battery, and aerospace structural parts. Single-walled carbon nanotubes market is expected to grow steadily on account of high prices and limited end-user industries such as passive electronics industry.

In 2017, catalytic chemical vapor deposition (CCVD) and chemical vapor deposition (CVD) together accounted for more than 70% of the global carbon nanotube market share. Large scale production output, a high degree of control, high purity and yield, and easy scalability has increased adoption of CCVD and CVD manufacturing techniques over the past few years.

                                 Global Carbon Nanotube Market Share, by Application, 2017 (%)

Global Carbon Nanotube Market Share, by Application, 2017 (%)

Global electrical & electronics manufacturing market size was more than USD 2 trillion in 2017 and is growing rapidly by virtue of the introduction of automation and robotics. Carbon nanotubes in electrical & electronics application accounted for more than 10% of the overall market share in 2017. High electrical and thermal conductivity, large aspect ratio, small diameters, and outstanding mechanical properties make carbon nanotubes ideal for electrical & electronics application. Increasing usage in electronic devices, biosensors, white light sources, transistors, lithium-ion batteries, cathode ray tubes, hydrogen storage cells, electrical shielding, and electron field emitters is expected to increase market penetration over the coming years.

Global healthcare expenditure in 2017 was more than USD 7 trillion. Increasing population coupled with technological advancement in the healthcare industry is expected to increase carbon nanotube market expansion over the coming years. Increased adoption as a channel in biotechnology and biomedical for drug delivery, biosensors, transfection of DNA, and sheathe for enzymes is projected to add market growth over the projected period.

North America carbon nanotubes market accounted for more than 25% of overall market share in 2017. New product development and technological upgrade in automotive and electrical & electronics industry in the U.S., and Canada are expected to unleash innovations in carbon nanotubes industry over the coming years. Growing demand for consumer electronics and electric vehicles in this region is expected to open opportunities for carbon nanotubes manufacturers over the coming years. Carbon nanotubes are also extensively used in lithium-ion batteries. Increasing lithium-ion battery demand for smartphones to enhance efficiency and extend shelf life is projected to increase the adoption of carbon nanotubes over the coming years.

The global carbon nanotubes (CNT) market is consolidated in nature as leading players accounted for more than 60% of the overall market share in 2017. Key manufacturers operating in this industry are Nanocyl SA, SHOWA DENKO K.K., Cnano Technology, Arry International Group Limited, Arkema, Carbon Solutions, Inc., CNT Co., Ltd., Cheap Tubes, OCSiAl, Hanwha Chemical Corporation, Nano-C, and Continental Carbon Company.

Manufacturers operating in global carbon nanotubes market are adopting M&A strategies to strengthen their global position and gain a competitive advantage over other manufacturers. For instance, in 2019, SABIC, a Saudi based manufacturing company engaged in chemicals, fertilizers, petrochemicals, and industrial polymers, acquired Black Diamond Structures, a company specialized in producing carbon nanotubes. Adding BDS product portfolio such as MOLECULAR REBAR in SABIC’s specialty business is expected to open new avenues beyond the energy storage industry. In addition, in 2014, CurTran LLC, an American company, specialized in nanotube wire conductors, had signed an agreement with Weatherford International Ltd. According to this agreement Weatherford will sell, use and distribute LiteWire, a CNT technology in cable and wire form.

Key segments of the global carbon nanotubes market

Product Overview, 2015-2025 (Tons) (USD Million)

  • Multiwall Carbon Nanotubes
  • Single-Walled Carbon Nanotubes

Manufacturing Method Overview, 2015-2025 (Tons) (USD Million)

  • Chemical Vapor Deposition
  • Catalytic Chemical Vapor Deposition
  • Arc Discharge
  • Laser Ablation

Application Overview, 2015-2025 (Tons) (USD Million)

  • Polymers
  • Energy
  • Electrical & Electronics
  • Others

End-Use Overview, 2015-2025 (Tons) (USD Million)

  • Automotive
  • Aerospace & Defence
  • Construction
  • Healthcare
  • Others

Regional Overview, 2015-2025 (Tons) (USD Million)

  • North America
    • U.S.
  • Europe
    • Germany
  • Asia-Pacific
    • China
    • Japan
  • Middle East & Africa
  • Latin America
    • Brazil

Reasons for the study

  • The study assesses the dynamics and movement of the global carbon nanotubes market across various geographies
  • While studying the global carbon nanotubes market, we observed that the demand for carbon nanotubes is expected to be tremendous in developing countries for automotive and healthcare applications
  • The market is consolidated and major players have their presence across the globe. The companies, as a strategic step planning to enter untapped market in the coming years

What does the report include?

  • The study on the global carbon nanotubes market includes qualitative factors such as drivers, and restraints
  • The study covers qualitative and quantitative analysis of the market segmented on the basis of product, manufacturing method, application, and end-use. Moreover, the study provides similar information for the key geographies
  • Actual market sizes and forecasts have been provided for all the above-mentioned segments
  • The study includes the profiles of key players in the market with a significant global and/or regional presence

Who should you buy this report?

  • The global carbon nanotubes market study meets the needs for various parties including government and non-government associations, consultants, analysts, researchers and academicians
  • The report is also suitable for companies that are currently operating in the market as well as those looking to integrate their operations from either component manufacturing or end products.
  • Moreover, the study can also help new entrants take informed decisions about venturing into the market.

Chapter 1.    Executive Summary
Chapter 2.    Research Methodology
                    2.1.    Research approach
                    2.2.    Scope, definition, and assumptions
                    2.3.    Data raw materials
Chapter 3.    Market Outlook
                    3.1.    Introduction
                    3.2.    Key trends
                            3.2.1.    Market drivers
                            3.2.2.    Market restraints
                            3.2.3.    Market opportunities
                    3.3.    Value chain analysis
                    3.4.    Porter’s analysis
Chapter 4.    Carbon Nanotubes Market Overview, By Product
                    4.1.    Global carbon nanotubes market share, by product, 2017 & 2025
                            4.1.1.    Multiwall Carbon Nanotubes
                                4.1.1.1.    Market size and projections, 2015-2025
                            4.1.2.    Single-Walled Carbon Nanotubes
                                4.1.2.1.    Market size and projections, 2015-2025
Chapter 5.    Carbon Nanotubes Market Overview, By Manufacturing Method
                    5.1.    Global carbon nanotubes market share, by manufacturing method, 2017 & 2025
                            5.1.1.    Chemical Vapor Deposition
                                5.1.1.1.    Market size and projections, 2015-2025
                            5.1.2.    Catalytic Chemical Vapor Deposition
                                5.1.2.1.    Market size and projections, 2015-2025
                            5.1.3.    Arc Discharge
                                5.1.3.1.    Market size and projections, 2015-2025
                            5.1.4.    Laser Ablation
                                5.1.4.1.    Market size and projections, 2015-2025
Chapter 6.    Carbon Nanotubes Market Overview, By Application
                    6.1.    Global carbon nanotubes market share, by application, 2017 & 2025
                            6.1.1.    Polymers
                                6.1.1.1.    Market size and projections, 2015-2025
                            6.1.2.    Energy
                                6.1.2.1.    Market size and projections, 2015-2025
                            6.1.3.    Electrical & Electronics
                                6.1.3.1.    Market size and projections, 2015-2025
                            6.1.4.    Others
                                6.1.4.1.    Market size and projections, 2015-2025
Chapter 7.    Carbon Nanotubes Market Overview, By End-Use
                    7.1.    Global carbon nanotubes market share, by end-use, 2017 & 2025
                        7.1.1.    Automotive
                            7.1.1.1.    Market size and projections, 2015-2025
                        7.1.2.    Aerospace & defence
                            7.1.2.1.    Market size and projections, 2015-2025
                        7.1.3.    Construction
                            7.1.3.1.    Market size and projections, 2015-2025
                        7.1.4.    Healthcare
                            7.1.4.1.    Market size and projections, 2015-2025
                        7.1.5.    Others
                            7.1.5.1.    Market size and projections, 2015-2025
Chapter 8.    Carbon Nanotubes Market Overview, By Region
                    8.1.    Global carbon nanotubes market share, by region, 2017 & 2025
                            8.1.1.    North America
                                8.1.1.1.    Market size and projections, by product, 2015-2025
                                8.1.1.2.    Market size and projections, by manufacturing method, 2015-2025
                                8.1.1.3.    Market size and projections, by application, 2015-2025
                                8.1.1.4.    Market size and projections, by end-use, 2015-2025
                                8.1.1.5.    U.S.
                                    8.1.1.5.1.    Market size and projections, by product, 2015-2025
                                    8.1.1.5.2.    Market size and projections, by manufacturing method, 2015-2025
                                    8.1.1.5.3.    Market size and projections, by application, 2015-2025
                                    8.1.1.5.4.    Market size and projections, by end-use, 2015-2025
                            8.1.2.    Europe
                                8.1.2.1.    Market size and projections, by product, 2015-2025
                                8.1.2.2.    Market size and projections, by manufacturing method, 2015-2025
                                8.1.2.3.    Market size and projections, by application, 2015-2025
                                8.1.2.4.    Market size and projections, by end-use, 2015-2025
                                8.1.2.5.    Germany
                                    8.1.2.5.1.    Market size and projections, by product, 2015-2025
                                    8.1.2.5.2.    Market size and projections, by manufacturing method, 2015-2025
                                    8.1.2.5.3.    Market size and projections, by application, 2015-2025
                                    8.1.2.5.4.    Market size and projections, by end-use, 2015-2025
                            8.1.3.    Asia Pacific
                                8.1.3.1.    Market size and projections, by product, 2015-2025
                                8.1.3.2.    Market size and projections, by manufacturing method, 2015-2025
                                8.1.3.3.    Market size and projections, by application, 2015-2025
                                8.1.3.4.    Market size and projections, by end-use, 2015-2025
                                8.1.3.5.    China
                                    8.1.3.5.1.    Market size and projections, by product, 2015-2025
                                    8.1.3.5.2.    Market size and projections, by manufacturing method, 2015-2025
                                    8.1.3.5.3.    Market size and projections, by application, 2015-2025
                                    8.1.3.5.4.    Market size and projections, by end-use, 2015-2025
                                8.1.3.6.    Japan
                                    8.1.3.6.1.    Market size and projections, by product, 2015-2025
                                    8.1.3.6.2.    Market size and projections, by manufacturing method, 2015-2025
                                    8.1.3.6.3.    Market size and projections, by application, 2015-2025
                                    8.1.3.6.4.    Market size and projections, by end-use, 2015-2025
                            8.1.4.    Latin America
                                8.1.4.1.    Market size and projections, by product, 2015-2025
                                8.1.4.2.    Market size and projections, by manufacturing method, 2015-2025
                                8.1.4.3.    Market size and projections, by application, 2015-2025
                                8.1.4.4.    Market size and projections, by end-use, 2015-2025
                                8.1.4.5.    Brazil
                                    8.1.4.5.1.    Market size and projections, by product, 2015-2025
                                    8.1.4.5.2.    Market size and projections, by manufacturing method, 2015-2025
                                    8.1.4.5.3.    Market size and projections, by application, 2015-2025
                                    8.1.4.5.4.    Market size and projections, by end-use, 2015-2025
                            8.1.5.    Middle East & Africa
                                8.1.5.1.    Market size and projections, by product, 2015-2025
                                8.1.5.2.    Market size and projections, by manufacturing method, 2015-2025
                                8.1.5.3.    Market size and projections, by application, 2015-2025
                                8.1.5.4.    Market size and projections, by end-use, 2015-2025
Chapter 9.    Industry Structure
                    9.1.    Vendor landscape analysis
                    9.2.    Strategic framework
Chapter 10.    Company Profiles
                    10.1.    Nanocyl SA
                            10.1.1.    Company overview
                            10.1.2.    Product portfolio
                            10.1.3.    Financial performance
                            10.1.4.    Recent initiatives
                    10.2.    SHOWA DENKO K.K.
                            10.2.1.    Company overview
                            10.2.2.    Product portfolio
                            10.2.3.    Financial performance
                            10.2.4.    Recent initiatives
                    10.3.    Cnano Technology
                            10.3.1.    Company overview
                            10.3.2.    Product portfolio
                            10.3.3.    Financial performance
                            10.3.4.    Recent initiatives
                    10.4.    Arry International Group Limited
                            10.4.1.    Company overview
                            10.4.2.    Product portfolio
                            10.4.3.    Financial performance
                            10.4.4.    Recent initiatives
                    10.5.    Arkema
                            10.5.1.    Company overview
                            10.5.2.    Product portfolio
                            10.5.3.    Financial performance
                            10.5.4.    Recent initiatives
                    10.6.    Carbon Solutions, Inc.
                            10.6.1.    Company overview
                            10.6.2.    Product portfolio
                            10.6.3.    Financial performance
                            10.6.4.    Recent initiatives
                    10.7.    CNT Co., Ltd.
                            10.7.1.    Company overview
                            10.7.2.    Product portfolio
                            10.7.3.    Financial performance
                            10.7.4.    Recent initiatives
                    10.8.    Cheap Tubes
                            10.8.1.    Company overview
                            10.8.2.    Product portfolio
                            10.8.3.    Financial performance
                            10.8.4.    Recent initiatives
                    10.9.    OCSiAl
                            10.9.1.    Company overview
                            10.9.2.    Product portfolio
                            10.9.3.    Financial performance
                            10.9.4.    Recent initiatives
                    10.10.    Hanwha Chemical Corporation
                            10.10.1.    Company overview
                            10.10.2.    Product portfolio
                            10.10.3.    Financial performance
                            10.10.4.    Recent initiatives
                    10.11.    Nano-C
                            10.11.1.    Company overview
                            10.11.2.    Product portfolio
                            10.11.3.    Financial performance
                            10.11.4.    Recent initiatives
                    10.12.    Continental Carbon Company
                            10.12.1.    Company overview
                            10.12.2.    Product portfolio
                            10.12.3.    Financial performance
                            10.12.4.    Recent initiatives
                    10.13.    List of other vendors