News Contact Us

Carbon Nanotubes Market is expected to witness significant gains during 2020 – 2024

Author : Ravi Chawat | Published Date : 2020-09-11 

Widespread electrical & electronic applications will help foster carbon nanotubes market size in the coming years. With the enhancement in electrical, mechanical, and thermal characteristics, the multi-walled carbon nanotubes are experiencing considerable demand. The electronics industry across the Asia Pacific region has witnessed a major revolution due to higher disposable incomes.

As per the reports of 2016 by the World Bank, the Indian electronic industry has been predicted to register a growth of 24% every year, to be valued at USD 400 billion by the year 2020. Carbon nanotubes have been known to have various purity grades, while the cost of highly purified carbon nanotubes can be slightly high. Additionally, the product goes through numerous stages of purification process with intense manufacturing procedures.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/744

Global carbon nanotubes market size has been predicted to exceed USD 8 billion by the year 2024. A number of industry players like Klean Commodities, Nanoshel LLC, Nanothinx S.A., Raymor Industries Inc and Arkema SA have been exploring innovations and strategic acquisitions to introduce newer products for polymer applications.

For example, carbon composites producer Future Carbon had bought the nanotube segment from Bayer Material in March 2014. With the help of the latter’s expertise within high-tech polymer composite, the deal had played an important role in the synergies of Future Carbon.

carbon nanotubes market players has had various expansions over the past years. For instance, Kumho Petrochemical had built a new production facility in Asan, in South Korea, capable of producing about 50 tons of CNT every year. There are various small-scale companies that play an important role across the regional economies while also contributing to carbon nanotubes market trends.

Increasing investments for CNT development

Carbon nanotubes are widely used as polymer additives across various industries. The companies are expected to pitch in with large investments to develop CNT which could be used for polymer applications. This investment will be made to meet the increasing demand for all the polymer-based products worldwide.

For instance, Nanocyl SA designed ELASTOCYL HTV1001 in order to extrude and compress the molding of all the HTV/HCR compounds. CNT industry size from the polymer segment will experience a CAGR of over 20% over 2018-2024. The boom in the electrical & electronics sectors will help drive CNT market share significantly. The demand for Indian electronics sector had been flourishing at 16%, jumping from $65 billion to $136 billion over 2010-2015.

Request for customization @ https://www.gminsights.com/roc/744

Surge in the use of polymers across worldwide

As per an NGO located in Turkey, PAGEV, the production of plastics across the globe has been 1.75 million tons in the year 1950, which had later increased up to 378.7 million tons in 2015. Polymeric nanotubes are often used as alternatives to all the conventional-filled polymers, which strengthens the composite through polymer reinforcement.

Germany plastic industry size had accounted for nearly USD 107.54 billion in 2017 and has been known to be one of the largest polymer industries in Europe. An increase in the use of nanotube as filler in all the polymer-based products shall drive carbon nanotubes market outlook in the coming years.

Read more news @

Four Personal Protective Equipment Market that would take its valuation beyond $80 billion by 2026

Additive Manufacturing with Metal Powders Market to Witness Steady Growth of 18%

Vinyl Acetate Monomer (VAM) Market Projected to Exceed $10.19 Billion by 2026




About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

Related News

Advanced Polymer Composites Market Analysis 2020 | By Segmentations, Key Company Profiles & Demand Forecasts to 2020 – 2025

Published Date: 2020-09-25         Author: Ravi Chawat

Advanced Polymer Composites Market to cross $17 billion by 2025. Rapid rise in the aircraft production with reduction in airline fares will accelerate the product demand in the expected timeframe. Advanced polymer composites market size is also influencing the automotive market with light weight and... Read More

Ethyleneamines market to expand USD 3 billion by 2024, rising pharmaceutical applications fuel industry demand

Published Date: 2020-09-25         Author: Ravi Chawat

Ethyleneamines market size is likely to gain from rising investment by manufacturers towards the development of better and eco-friendly grades of the product, which accompanied by technological progress in manufacturing techniques has opened new potential growth avenues for the market. The product h... Read More

Vinyl Ester Market to show lucrative gain by 2024, Pulps and paper industry has witnessed considerable growth

Published Date: 2020-09-25         Author: Ravi Chawat

Estimates claim that global vinyl ester market size will hit US$1.7 billion in yearly revenues by 2025. Pulps and paper industry has witnessed considerable growth and changes over the past several years and has showcased tremendous demand for vinyl ester-based fiber-reinforced plastics. The resin is... Read More

© 2020 Fractovia. All Rights Reserved