The changing dynamics in Carbon Nanotubes Market with covid-19 impact assessment
June 09, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Carbon Nanotubes Market.
It was estimated prior to this unanticipated outbreak that the Carbon Nanotubes Market was expected to grow at a CAGR of 18.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Carbon Nanotubes are tiny allotropes of carbon with sizes measuring to the scale of nanometers. Driven by their thermal, electrical, and physical properties, they are considered to be the ideal claimant for various industrial applications. In addition, they bear remarkable properties such as excellent electrical conductivity and high tensile strength, and also can withstand elevated temperatures.
Carbon Nanotubes are extensively utilized in various industrial applications including electronics, polymers, medicine, aerospace, defense, automotive, and energy among a host of others.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the type, the market is segmented as multiwalled carbon nanotube and single-walled carbon nanotube. The multi-walled carbon nanotube segment is estimated to register a higher growth in the coming five years. The growth of this segment is attributed to the increasing use of MWCNTs in applications such as nanodevices, electrical conductivity, conductive transparent electrodes, super batteries, conductive heating films, chemical sensors, conductive nano inks, supercapacitors, energy storages, solar industries, and thermal interface material.
Based on the method type, the market is segmented as chemical vapor deposition (CVD), catalytic chemical vapor deposition (CCVD), high pressure carbon monoxide reaction (HiPCO), and others. The CVD segment is estimated to register high growth during the forecast period. It is also projected to be the large and fast growing segment in the coming five years. The growth of this segment is attributed to the fact that CVD of hydrocarbons over metal catalytic agents is a traditional technique that has been employed by various manufacturers to manufacture carbon nanotubes. It is also the economical method, and it is anticipated that the price will further narrow down globally in the times to come.
On the basis of application type, the market is segmented as advanced materials, electronics & semiconductor, chemical & polymers, batteries & capacitors, energy, aerospace & defense, medical, and others. The electronics & semiconductor segment is estimated to depict high growth during the forecast period. The growth of the segment is owing to the specific properties of carbon nanotubes where they deliver exceptional electrical properties for manufacturing electronic devices such as diodes and field effect transistors.
In terms of regions, the Asia-Pacific region is estimated to depict high growth during the forecast period, which can be attributed to the increasing demand for carbon nanotubes from countries such as China, South Korea, India, Vietnam, Singapore, and Taiwan. The strong demand in the region is the prime factor for the growth of the global carbon nanotubes market. China is expected to dominate the demand for carbon nanotubes owing to its rising industrial production. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Key Players:
Some of the major players in the carbon nanotubes (CNT) market are Arkema SA, Arry International Group Limited, Advanced Nanopower Inc., Chasm Advanced Materials, Inc., Chengdu Organic Chemicals Co. Ltd., Carbon Solutions, Inc., Cnano Technology Ltd., Cheap Tubes, Inc., Grafen Chemical Industries (Grafen Co.), and Hanwha Corporation.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Carbon Nanotubes Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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