Global Carbon Nanotube (CNT) Market Information: by Type (Single Walled and Multi-Walled), by Method (Arc Discharge, Laser Ablation, Chemical Vapor Deposition, High Pressure Carbon Monoxide), by End Use Industries (Aerospace & Defense, Electrical & Electronics, Automotive, Energy, Sports, and Others), and by Region till 2023
Pune, India -- (SBWIRE) -- 03/28/2018 -- The Global CNT Market is segmented into Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia pacific is the largest and fastest growing region in the Global Cnt Market owing to the presence of major end use industries such as electrical & electronics along with aerospace & defense. It accounts for ~45% share of the Global Cnt Market. India, China, and Japan are the major contributors to the regional market. The government of developing countries in this region are increasingly focusing over electrification of remote and rural areas. Growing environmental concerns mingled with intended nationally determined contributions (INDC) promised by these countries at "Paris Agreement" has necessitate them to enhance their energy conservation ability and infrastructure for storage of green energy. This is expected to fuel the demand for CNT in this region. Indian Space Research Organization (ISRO) has successfully maneuvered maximum number of satellites into the space in one go and continuing the same growth trajectory. The credibility and cost effectiveness of ISRO has fetched major projects from developed countries and the trend is expected to remain same during the forecast period. This is expected to boost the growth of regional aerospace sector to drive the regional CNT market China is also heading the same growth trajectory in space sector. The country has initiated the construction of solar power satellite that would beam energy back to Earth. Apart from this, the growing chemicals industry in India and China is anticipated to drive the demand of CNT in the regional market.
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North America in the second major region in the Global Cnt Market in terms of the market size. The U.S. is the largest market in this region, which is attributed to the huge aerospace & defense industry based in this country. The demand for both commercial and fighter jet around the world has led the manufacturing companies of the U.S. to retain dominance over global aerospace market throughout the forecast period. During 2016-2017, the U.S. aerospace industrial production account for more than USD 100 billion and it is anticipated to increase at a higher rate during the forecast period. This, in turn, is projected to drive growth of the regional CNT Market. Europe is another significant region in the Global Cnt Market. Countries namely the U.K., Germany, Italy, and France are the leading markets in this region on account of the presence of well-established automotive industry. With the growing sentiments in favor of environmental concerns the demand of light weight and fuel efficient electric vehicles manufactured in this region is constantly increasing. In addition to automotive industry, growing aerospace industry and green energy sector in this region is projected to propel the growth of the product in this region. Latin America holds relatively smaller share in the Global CNT Market. During the forecast period the region is anticipated to grow at a significant CAGR on account of rising industrialization, pacifying political, and economic scenario. The Middle East & Africa is estimated to gain momentum during the forecast period, which is attributed to the increasing demand for CNT by construction and sports industry. The region is going to host FIFA world cup 2022 which may help sports and construction industry in this region to fuel the demand for CNT.
Arry International Group Limited (China)
SHOWA DENKO K.K. (Japan)
Nanocyl SA (Belgium)
Hanwha Chemical Corporation (South Korea)
Carbon Solutions, Inc. (U.S.)
Thomas Swan & Co. Ltd. (U.K.)
NanoLab, Inc. (U.S.)
Nanoshel LLC (U.S.)
KUMHO PETROCHEMICAL (South Korea)
The Global CNT Market is segmented on the basis of type, method, end use industry, and region. On the basis of type, the market is divided into single walled carbon nanotube (CNT) and multi-walled carbon nanotube (MWCNT). Based on the method, the market is divided into arc discharge, laser ablation, chemical vapor deposition, high pressure carbon monoxide. On the basis of end use industry, the Global CNT Market is segmented into aerospace & defense, electrical & electronics, automotive, energy, sports, and others. Geographically, the Global CNT Markets is divided into five key regions including Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
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